EHLS vs. IGE ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to iShares North American Natural Resources ETF (IGE)

EHLS

Even Herd Long Short ETF

EHLS Description

EHLS seeks long-term capital appreciation through a momentum-focused strategy that takes both long and short positions in US equity securities. In selecting securities, the fund employs a proprietary algorithm that emphasizes a dynamic, trend-focused analysis, instead of a strictly bottom-up valuation analysis, driven by price movements and other data points based on market trends and stock momentum. The sub-adviser may adjust its proprietary system that is continuously optimized and refined. The fund strategy involves taking long positions in equity securities exhibiting strong upward momentum and short positions in those showing downward momentum. The actively managed fund targets a net equity exposure from 40% to 90% net long, subject to adjustments based on market conditions. The fund aims to maintain 100% long and 10-60% short exposure. Short sales may include entering into swap agreements or the use of leverage.

Grade (RS Rating)

Last Trade

$23.19

Average Daily Volume

2,612

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

IGE

iShares North American Natural Resources ETF

IGE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Natural Resources Sector IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of natural resource-related companies in the United States and Canada. Components primarily include energy, materials, metals and mining and oil and gas companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.94

Average Daily Volume

117,406

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	IGE
30 Days	8.97%	5.01%
60 Days	10.38%	8.50%
90 Days	12.83%	7.29%
12 Months		22.05%

23 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in IGE	Overlap
APA	D	-0.23%	0.31%	-0.23%
CEIX	A	0.3%	0.12%	0.12%
CHRD	D	-0.29%	0.3%	-0.29%
CIVI	D	-0.29%	0.17%	-0.29%
CNX	A	0.76%	0.21%	0.21%
CTRA	B	-0.26%	0.7%	-0.26%
CVI	F	-0.15%	0.02%	-0.15%
DVN	F	-0.27%	0.91%	-0.27%
FTI	A	0.53%	0.45%	0.45%
HES	B	-0.3%	1.48%	-0.3%
HP	C	-0.29%	0.12%	-0.29%
MTDR	B	-0.27%	0.25%	-0.27%
MUR	D	-0.28%	0.17%	-0.28%
OVV	B	-0.33%	0.44%	-0.33%
PKG	A	0.49%	0.78%	0.49%
SLB	C	-0.29%	2.28%	-0.29%
SLVM	B	1.06%	0.11%	0.11%
SON	F	-0.26%	0.18%	-0.26%
TPL	A	1.02%	0.95%	0.95%
TRGP	A	1.03%	1.55%	1.03%
VAL	F	-0.2%	0.12%	-0.2%
VLO	C	-0.32%	1.66%	-0.32%
WFRD	D	-0.3%	0.23%	-0.3%

EHLS Overweight 248 Positions Relative to IGE

Symbol	Grade	Weight
SPOT	B	2.25%
BMA	C	2.14%
CSWI	B	2.03%
QTWO	A	1.82%
HWM	A	1.8%
NVDA	B	1.72%
GDS	C	1.71%
LMB	B	1.7%
IRM	C	1.68%
PIPR	A	1.67%
META	D	1.64%
SLG	B	1.62%
MSI	B	1.57%
USLM	A	1.53%
CTAS	B	1.48%
HWKN	B	1.46%
GVA	A	1.41%
IGIC	B	1.33%
VST	A	1.31%
SE	A	1.3%
FICO	B	1.3%
CVNA	B	1.29%
CRS	B	1.27%
CW	C	1.26%
ADMA	B	1.26%
WELL	A	1.25%
PLTR	B	1.25%
BK	A	1.24%
TPB	B	1.24%
CEG	C	1.21%
SFM	A	1.2%
CLBT	B	1.2%
NRG	B	1.2%
SKT	A	1.14%
REAX	D	1.1%
PAM	A	1.09%
RDNT	B	1.08%
ARES	A	1.05%
DASH	B	1.05%
FTDR	B	1.04%
HOOD	B	1.01%
BRO	B	1.0%
AXP	A	1.0%
THC	D	0.98%
CBRE	B	0.98%
RSI	A	0.98%
TMUS	B	0.96%
NPAB	F	0.92%
EDN	B	0.92%
WAB	B	0.89%
ANET	C	0.88%
JXN	C	0.87%
GLNG	C	0.86%
PNTG	D	0.84%
MOD	A	0.82%
IESC	C	0.79%
COOP	B	0.78%
SKYW	C	0.76%
ISRG	A	0.76%
KKR	A	0.76%
EME	A	0.75%
BSX	A	0.71%
PSN	D	0.7%
CDNA	D	0.62%
HLNE	B	0.62%
CCB	A	0.56%
AMAL	B	0.56%
AIT	B	0.55%
ALSN	B	0.55%
NBN	C	0.54%
BBSI	B	0.54%
CNK	C	0.51%
TWLO	A	0.49%
VERX	A	0.49%
CLH	C	0.48%
PGR	A	0.48%
FI	A	0.48%
TYL	B	0.48%
QFIN	A	0.47%
HUBB	B	0.46%
MMYT	B	0.46%
GRBK	D	0.46%
POWL	C	0.45%
UFPT	C	0.44%
RNA	C	0.44%
ALHC	C	0.42%
CACI	D	0.42%
RKLB	A	0.39%
WULF	C	0.34%
YPF	B	0.32%
TCBX	B	0.3%
FRHC	B	0.28%
KTB	B	0.27%
MUSA	B	0.27%
PPTA	C	0.27%
CASH	B	0.27%
EXLS	B	0.26%
LYV	A	0.26%
SOFI	B	0.25%
MLR	C	0.25%
PEGA	B	0.25%
SNEX	B	0.25%
MATX	C	0.24%
ONON	A	0.24%
BBW	C	0.24%
GATO	C	0.23%
TRUP	B	0.23%
EXEL	B	0.23%
AORT	B	0.22%
CSTM	F	-0.07%
NEP	F	-0.09%
SPT	C	-0.14%
AMN	F	-0.16%
VSAT	F	-0.16%
AES	F	-0.17%
PGNY	F	-0.17%
STNG	F	-0.17%
APTV	F	-0.18%
ENPH	F	-0.18%
WU	F	-0.18%
FLNG	C	-0.19%
W	D	-0.2%
BEN	C	-0.2%
COLD	D	-0.2%
AMRC	F	-0.2%
WRLD	C	-0.2%
ASH	F	-0.21%
ELF	C	-0.21%
DG	F	-0.21%
ADNT	F	-0.21%
WSC	F	-0.21%
ASML	F	-0.22%
IGT	F	-0.22%
ENOV	C	-0.22%
PARR	F	-0.22%
FIVE	F	-0.22%
AVTR	F	-0.22%
DOOO	F	-0.22%
LEA	F	-0.22%
CSGP	D	-0.23%
MRK	D	-0.23%
ROG	D	-0.23%
DLB	B	-0.23%
NTST	C	-0.23%
IMCR	D	-0.23%
NKE	F	-0.23%
TEX	F	-0.23%
ELV	F	-0.23%
MCHP	F	-0.23%
OLN	F	-0.23%
NUE	C	-0.23%
SCL	C	-0.24%
OMI	F	-0.24%
ENTG	D	-0.24%
CWT	C	-0.24%
WPC	C	-0.24%
ODP	F	-0.24%
NSP	F	-0.24%
WOR	F	-0.24%
APLS	F	-0.24%
PLD	F	-0.24%
PD	C	-0.24%
ETSY	D	-0.24%
SITE	F	-0.24%
CC	C	-0.24%
ADM	D	-0.25%
HSY	F	-0.25%
JBSS	F	-0.25%
AKAM	D	-0.25%
OTEX	F	-0.25%
FTV	C	-0.25%
PCH	F	-0.25%
IPG	D	-0.25%
MTN	C	-0.25%
FUL	F	-0.25%
PEP	F	-0.25%
F	C	-0.25%
GIS	D	-0.25%
ATKR	D	-0.25%
REXR	F	-0.25%
ALV	C	-0.25%
MGM	D	-0.26%
GO	C	-0.26%
BG	D	-0.26%
THS	D	-0.26%
ARE	F	-0.26%
STZ	D	-0.26%
ALGM	D	-0.26%
IAC	F	-0.26%
HDB	C	-0.26%
FMX	F	-0.26%
CALX	D	-0.27%
COHU	C	-0.27%
HXL	F	-0.27%
ON	D	-0.27%
SLAB	F	-0.27%
CNI	F	-0.27%
CWH	B	-0.27%
CDW	F	-0.27%
YELP	C	-0.28%
ALB	B	-0.28%
OKTA	C	-0.28%
VTLE	C	-0.28%
VRSN	C	-0.28%
MRTN	D	-0.28%
CRL	D	-0.28%
USPH	B	-0.28%
SJW	F	-0.28%
PZZA	F	-0.28%
CENTA	C	-0.28%
TDC	D	-0.29%
FIVN	C	-0.29%
UGI	C	-0.29%
SJM	D	-0.29%
LKQ	F	-0.29%
AMRK	F	-0.29%
AIN	C	-0.29%
MOS	F	-0.29%
URBN	C	-0.29%
CENT	C	-0.29%
TMO	F	-0.29%
SIGI	C	-0.29%
RPD	B	-0.29%
EXC	C	-0.3%
PINS	F	-0.3%
ES	C	-0.3%
EG	C	-0.3%
SNOW	B	-0.3%
RIO	D	-0.3%
AVA	A	-0.3%
AWK	C	-0.3%
PPG	F	-0.3%
EVTC	B	-0.3%
IDXX	F	-0.3%
HELE	C	-0.3%
ACI	C	-0.3%
DIOD	D	-0.3%
KMX	B	-0.31%
OXM	F	-0.31%
ZD	B	-0.31%
IRTC	C	-0.32%
CAR	C	-0.32%
ALRM	C	-0.32%
TENB	C	-0.33%
NARI	C	-0.34%
AMR	C	-0.35%
UPS	C	-0.37%
PRGO	C	-0.44%

EHLS Underweight 76 Positions Relative to IGE

Symbol	Grade	Weight
CVX	A	-10.13%
XOM	B	-9.88%
COP	C	-4.5%
EOG	A	-2.84%
WMB	A	-2.5%
OKE	A	-2.33%
FCX	F	-2.3%
PSX	C	-2.01%
MPC	D	-1.96%
KMI	A	-1.91%
LNG	A	-1.76%
NEM	D	-1.73%
BKR	A	-1.59%
VMC	B	-1.38%
MLM	C	-1.33%
OXY	D	-1.26%
FANG	C	-1.26%
HAL	C	-0.98%
EQT	B	-0.94%
SW	A	-0.92%
EXE	A	-0.73%
IP	A	-0.73%
BALL	F	-0.7%
AVY	F	-0.6%
MRO	B	-0.6%
AMCR	C	-0.54%
ATR	B	-0.43%
CCK	D	-0.4%
AA	A	-0.39%
EXP	B	-0.38%
PR	B	-0.36%
DTM	A	-0.36%
RGLD	C	-0.34%
AR	B	-0.33%
GPK	C	-0.31%
RRC	B	-0.3%
BERY	C	-0.28%
LPX	B	-0.26%
DINO	D	-0.25%
NOV	C	-0.24%
CHX	C	-0.22%
SUM	B	-0.21%
KNF	B	-0.2%
SM	B	-0.19%
AM	A	-0.19%
MGY	A	-0.19%
VNOM	A	-0.19%
NE	D	-0.18%
WHD	B	-0.16%
SLGN	A	-0.16%
SEE	C	-0.16%
AROC	A	-0.15%
CRC	A	-0.15%
NOG	B	-0.15%
BTU	B	-0.13%
RIG	D	-0.13%
HL	D	-0.13%
LBRT	D	-0.11%
PTEN	C	-0.11%
UEC	B	-0.11%
PBF	D	-0.11%
TDW	F	-0.09%
OI	C	-0.08%
GPOR	B	-0.08%
MP	C	-0.08%
KOS	D	-0.07%
WKC	C	-0.06%
INSW	F	-0.06%
GEF	A	-0.06%
CRK	B	-0.05%
AESI	B	-0.05%
XPRO	D	-0.05%
KGS	A	-0.04%
NFE	D	-0.04%
PTVE	B	-0.02%
MAGN	D	-0.01%