EHLS vs. XT ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to iShares Exponential Technologies ETF (XT)

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

$23.44

Average Daily Volume

2,561

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

XT

iShares Exponential Technologies ETF

XT Description

The investment seeks to track the investment results of the Morningstar® Exponential Technologies Index which composed of stocks of developed and emerging market companies that create or use exponential technologies. The fund generally invests at least 80% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index is a subset of the Morningstar US Market Index and the Morningstar Global Markets ex-US Index family (the "Parent Indexes"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$61.35

Average Daily Volume

117,625

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	XT
30 Days	11.20%	1.98%
60 Days	13.37%	0.64%
90 Days	14.65%	3.86%
12 Months		12.52%

18 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in XT	Overlap
AKAM	D	-0.25%	0.37%	-0.25%
ALB	C	-0.28%	0.42%	-0.28%
ANET	C	0.88%	0.85%	0.85%
APTV	F	-0.18%	0.32%	-0.18%
ENPH	F	-0.18%	0.27%	-0.18%
FIVN	C	-0.29%	0.22%	-0.29%
HUBB	B	0.46%	0.7%	0.46%
ISRG	B	0.76%	0.82%	0.76%
MCHP	D	-0.23%	0.36%	-0.23%
MRK	D	-0.23%	0.44%	-0.23%
NVDA	C	1.72%	1.51%	1.51%
OKTA	C	-0.28%	0.48%	-0.28%
ON	D	-0.27%	0.43%	-0.27%
PLTR	B	1.25%	1.86%	1.25%
SNOW	C	-0.3%	0.33%	-0.3%
SOFI	B	0.25%	0.84%	0.25%
TWLO	B	0.49%	0.68%	0.49%
TYL	A	0.48%	0.72%	0.48%

EHLS Overweight 253 Positions Relative to XT

Symbol	Grade	Weight
SPOT	B	2.25%
BMA	B	2.14%
CSWI	B	2.03%
QTWO	A	1.82%
HWM	B	1.8%
GDS	D	1.71%
LMB	B	1.7%
IRM	C	1.68%
PIPR	B	1.67%
META	D	1.64%
SLG	B	1.62%
MSI	B	1.57%
USLM	A	1.53%
CTAS	A	1.48%
HWKN	A	1.46%
GVA	B	1.41%
IGIC	A	1.33%
VST	B	1.31%
SE	B	1.3%
FICO	A	1.3%
CVNA	B	1.29%
CRS	A	1.27%
CW	B	1.26%
ADMA	B	1.26%
WELL	A	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	B	1.09%
RDNT	C	1.08%
SLVM	B	1.06%
ARES	A	1.05%
DASH	A	1.05%
FTDR	B	1.04%
TRGP	B	1.03%
TPL	B	1.02%
HOOD	B	1.01%
BRO	A	1.0%
AXP	A	1.0%
THC	D	0.98%
CBRE	A	0.98%
RSI	A	0.98%
TMUS	A	0.96%
NPAB	B	0.92%
EDN	B	0.92%
WAB	A	0.89%
JXN	B	0.87%
GLNG	C	0.86%
PNTG	D	0.84%
MOD	B	0.82%
IESC	B	0.79%
COOP	B	0.78%
SKYW	A	0.76%
CNX	B	0.76%
KKR	A	0.76%
EME	B	0.75%
BSX	B	0.71%
PSN	D	0.7%
CDNA	D	0.62%
HLNE	B	0.62%
CCB	B	0.56%
AMAL	B	0.56%
AIT	A	0.55%
ALSN	B	0.55%
NBN	C	0.54%
BBSI	A	0.54%
FTI	A	0.53%
CNK	B	0.51%
PKG	A	0.49%
VERX	A	0.49%
CLH	B	0.48%
PGR	A	0.48%
FI	A	0.48%
QFIN	A	0.47%
MMYT	A	0.46%
GRBK	D	0.46%
POWL	C	0.45%
UFPT	C	0.44%
RNA	D	0.44%
ALHC	C	0.42%
CACI	D	0.42%
RKLB	B	0.39%
WULF	C	0.34%
YPF	B	0.32%
TCBX	B	0.3%
CEIX	B	0.3%
FRHC	C	0.28%
KTB	B	0.27%
MUSA	A	0.27%
PPTA	C	0.27%
CASH	B	0.27%
EXLS	A	0.26%
LYV	B	0.26%
MLR	B	0.25%
PEGA	A	0.25%
SNEX	B	0.25%
MATX	C	0.24%
ONON	B	0.24%
BBW	B	0.24%
GATO	D	0.23%
TRUP	B	0.23%
EXEL	A	0.23%
AORT	B	0.22%
CSTM	F	-0.07%
NEP	F	-0.09%
SPT	C	-0.14%
CVI	F	-0.15%
AMN	F	-0.16%
VSAT	F	-0.16%
AES	F	-0.17%
PGNY	F	-0.17%
STNG	F	-0.17%
WU	D	-0.18%
FLNG	C	-0.19%
W	F	-0.2%
BEN	C	-0.2%
COLD	D	-0.2%
VAL	F	-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	D	-0.21%
ASML	F	-0.22%
IGT	F	-0.22%
ENOV	C	-0.22%
PARR	D	-0.22%
FIVE	F	-0.22%
AVTR	D	-0.22%
DOOO	F	-0.22%
LEA	D	-0.22%
CSGP	C	-0.23%
ROG	F	-0.23%
DLB	B	-0.23%
NTST	D	-0.23%
APA	F	-0.23%
IMCR	C	-0.23%
NKE	F	-0.23%
TEX	D	-0.23%
ELV	F	-0.23%
OLN	D	-0.23%
NUE	D	-0.23%
SCL	C	-0.24%
OMI	F	-0.24%
ENTG	D	-0.24%
CWT	D	-0.24%
WPC	D	-0.24%
ODP	F	-0.24%
NSP	D	-0.24%
WOR	F	-0.24%
APLS	C	-0.24%
PLD	D	-0.24%
PD	C	-0.24%
ETSY	C	-0.24%
SITE	C	-0.24%
CC	C	-0.24%
ADM	D	-0.25%
HSY	F	-0.25%
JBSS	D	-0.25%
OTEX	D	-0.25%
FTV	B	-0.25%
PCH	C	-0.25%
IPG	C	-0.25%
MTN	C	-0.25%
FUL	D	-0.25%
PEP	F	-0.25%
F	C	-0.25%
GIS	D	-0.25%
ATKR	C	-0.25%
REXR	F	-0.25%
ALV	C	-0.25%
MGM	F	-0.26%
GO	C	-0.26%
BG	D	-0.26%
THS	D	-0.26%
ARE	D	-0.26%
STZ	F	-0.26%
ALGM	D	-0.26%
IAC	D	-0.26%
CTRA	B	-0.26%
HDB	A	-0.26%
FMX	F	-0.26%
SON	D	-0.26%
CALX	D	-0.27%
DVN	F	-0.27%
COHU	C	-0.27%
HXL	D	-0.27%
MTDR	C	-0.27%
SLAB	D	-0.27%
CNI	F	-0.27%
CWH	B	-0.27%
CDW	F	-0.27%
YELP	C	-0.28%
VTLE	D	-0.28%
MUR	F	-0.28%
VRSN	C	-0.28%
MRTN	C	-0.28%
CRL	D	-0.28%
USPH	B	-0.28%
SJW	D	-0.28%
PZZA	D	-0.28%
CENTA	C	-0.28%
TDC	D	-0.29%
UGI	A	-0.29%
HP	C	-0.29%
SJM	C	-0.29%
CHRD	F	-0.29%
LKQ	D	-0.29%
AMRK	F	-0.29%
AIN	C	-0.29%
MOS	F	-0.29%
URBN	C	-0.29%
CENT	C	-0.29%
SLB	C	-0.29%
TMO	F	-0.29%
SIGI	B	-0.29%
RPD	C	-0.29%
CIVI	F	-0.29%
EXC	C	-0.3%
PINS	D	-0.3%
ES	D	-0.3%
EG	C	-0.3%
WFRD	F	-0.3%
RIO	F	-0.3%
HES	B	-0.3%
AVA	B	-0.3%
AWK	D	-0.3%
PPG	D	-0.3%
EVTC	C	-0.3%
IDXX	F	-0.3%
HELE	C	-0.3%
ACI	C	-0.3%
DIOD	D	-0.3%
KMX	B	-0.31%
OXM	D	-0.31%
ZD	C	-0.31%
IRTC	C	-0.32%
CAR	C	-0.32%
VLO	C	-0.32%
ALRM	C	-0.32%
TENB	C	-0.33%
OVV	C	-0.33%
NARI	C	-0.34%
AMR	C	-0.35%
UPS	C	-0.37%
PRGO	C	-0.44%

EHLS Underweight 94 Positions Relative to XT

Symbol	Grade	Weight
TOST	B	-1.3%
COIN	C	-1.1%
GWRE	A	-0.95%
FTNT	B	-0.88%
AVGO	D	-0.88%
MRVL	B	-0.84%
DOCU	B	-0.81%
NOW	A	-0.71%
AMZN	B	-0.68%
BOX	A	-0.68%
CRWD	B	-0.68%
TW	A	-0.67%
GTLS	A	-0.66%
HUBS	B	-0.66%
ADSK	B	-0.66%
INCY	B	-0.66%
GEN	A	-0.65%
TSLA	B	-0.65%
ALNY	D	-0.65%
SEIC	A	-0.65%
WDC	C	-0.65%
PANW	B	-0.65%
MU	D	-0.64%
GOOGL	C	-0.64%
HPE	B	-0.64%
CRM	B	-0.63%
FSLR	F	-0.63%
TEAM	B	-0.62%
IBM	C	-0.62%
TXN	D	-0.62%
NEE	D	-0.61%
LLY	D	-0.61%
QCOM	F	-0.6%
WAT	A	-0.6%
STX	D	-0.6%
MANH	C	-0.59%
VEEV	B	-0.58%
CSCO	A	-0.58%
RVTY	D	-0.58%
NET	B	-0.57%
VRNS	D	-0.57%
ANSS	B	-0.57%
PTC	A	-0.57%
CCOI	B	-0.57%
ILMN	C	-0.57%
AMD	F	-0.56%
DD	D	-0.56%
KLAC	D	-0.56%
AMAT	F	-0.56%
ABBV	D	-0.55%
BMY	B	-0.55%
ADI	D	-0.55%
S	B	-0.54%
TER	D	-0.54%
CDNS	B	-0.54%
MSFT	C	-0.54%
FDS	B	-0.53%
CTSH	A	-0.53%
DDOG	B	-0.53%
MTD	D	-0.52%
ACN	B	-0.51%
KEYS	B	-0.51%
NXPI	D	-0.51%
ROP	B	-0.5%
MPWR	F	-0.5%
LRCX	D	-0.49%
ZS	C	-0.49%
SNPS	B	-0.48%
MKTX	D	-0.48%
JAZZ	B	-0.48%
DT	C	-0.47%
BLKB	B	-0.47%
DBX	C	-0.47%
REGN	F	-0.44%
SBAC	D	-0.43%
CCI	D	-0.43%
UMC	F	-0.43%
ALTM	C	-0.43%
SWKS	D	-0.41%
QLYS	C	-0.38%
ESTC	C	-0.37%
XPEV	C	-0.37%
BIDU	F	-0.36%
MDB	C	-0.35%
BMRN	D	-0.33%
QRVO	F	-0.33%
BIIB	F	-0.33%
IONS	D	-0.33%
CRSP	D	-0.32%
LI	F	-0.3%
INTC	D	-0.29%
NIO	F	-0.29%
MRNA	F	-0.22%
SEDG	F	-0.06%