HDGE vs. DWSH ETF Comparison

Comparison of Ranger Equity Bear Bear ETF (HDGE) to AdvisorShares Dorsey Wright Short ETF (DWSH)

HDGE

Ranger Equity Bear Bear ETF

HDGE Description

The investment seeks capital appreciation through short sales of domestically traded equity securities. The Sub-Advisor seeks to achieve the fund's investment objective by short selling a portfolio of liquid mid- and large-cap U.S. exchange-traded equity securities, ETFs registered pursuant to the 1940 Act, ETNs and other ETPs. The Sub-Advisor implements a bottom-up, fundamental, research driven security selection process that seeks to identify securities with low earnings quality or aggressive accounting that may tend to mask operational deterioration and bolster the reported earnings per share over a short time period.

Grade (RS Rating)

Last Trade

$20.66

Average Daily Volume

90,206

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.24

Average Daily Volume

30,606

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDGE	DWSH
30 Days	4.11%	1.69%
60 Days	4.55%	0.70%
90 Days	4.93%	-2.43%
12 Months	-14.26%	-16.91%

11 Overlapping Holdings

Symbol	Grade	Weight in HDGE	Weight in DWSH	Overlap
ALB	C	-1.03%	-1.07%	-1.07%
APD	C	-1.37%	-1.04%	-1.37%
CABO	F	-1.43%	-1.08%	-1.43%
CGNX	B	-1.47%	-1.04%	-1.47%
CHRW	C	-2.07%	-1.17%	-2.07%
DAN	C	-1.43%	-1.06%	-1.43%
HUM	F	-1.58%	-0.89%	-1.58%
IPGP	D	-1.2%	-1.01%	-1.2%
PAYC	F	-1.34%	-0.88%	-1.34%
VLY	F	-1.57%	-1.16%	-1.57%
WHR	F	-1.56%	-0.72%	-1.56%

HDGE Overweight 52 Positions Relative to DWSH

Symbol	Grade	Weight
VRSN	F	-0.61%
ELF	D	-0.92%
CZR	F	-1.05%
PX	F	-1.06%
JACK	F	-1.11%
NAPA	F	-1.11%
SNA	D	-1.15%
EXTR	F	-1.15%
GT	D	-1.2%
NTST	C	-1.22%
ENR	C	-1.24%
APTV	D	-1.25%
LITE	F	-1.25%
FIVN	F	-1.26%
SNV	C	-1.26%
AMCR	A	-1.27%
LUV	D	-1.29%
GO	F	-1.29%
PHR	F	-1.3%
CLVT	F	-1.3%
OLED	B	-1.32%
ROIC	D	-1.33%
ACI	D	-1.33%
EQC	B	-1.35%
MRTN	D	-1.35%
RKLB	D	-1.38%
MCD	F	-1.38%
NXST	C	-1.39%
TGNA	D	-1.4%
RF	B	-1.41%
HLIO	B	-1.43%
GLBE	F	-1.43%
REG	F	-1.44%
MRCY	D	-1.44%
LTC	A	-1.45%
RIVN	F	-1.46%
PYCR	F	-1.49%
AY	B	-1.5%
WK	F	-1.5%
YETI	F	-1.5%
ALGT	F	-1.54%
THS	F	-1.58%
SNDR	D	-1.58%
FRSH	F	-1.6%
BILL	F	-1.63%
WAL	B	-1.69%
CAR	D	-1.77%
KMX	D	-1.93%
O	B	-2.09%
SPT	F	-2.15%
DEO	D	-2.17%
ATGE	A	-2.54%

HDGE Underweight 85 Positions Relative to DWSH

Symbol	Grade	Weight
LEG	F	--0.72%
MOS	F	--0.75%
ZD	D	--0.76%
WBA	F	--0.78%
WBD	F	--0.79%
ADNT	F	--0.82%
OI	F	--0.82%
NWL	C	--0.83%
VFC	F	--0.83%
DG	D	--0.86%
G	D	--0.86%
INCY	D	--0.87%
ILMN	F	--0.87%
AES	B	--0.9%
ATUS	F	--0.91%
ES	B	--0.92%
CBRL	F	--0.92%
JAZZ	D	--0.92%
BIO	F	--0.93%
TECH	B	--0.93%
CLB	F	--0.94%
PODD	C	--0.95%
NEM	B	--0.95%
WTRG	B	--0.95%
SJM	F	--0.95%
SBAC	D	--0.96%
PII	F	--0.96%
PYPL	C	--0.97%
CHTR	F	--0.97%
UPS	D	--0.99%
DXC	F	--0.99%
UHAL	B	--1.0%
MKTX	F	--1.0%
BMY	F	--1.0%
HPP	F	--1.0%
APA	F	--1.0%
PARA	C	--1.01%
NKE	D	--1.01%
NUS	F	--1.02%
SAGE	F	--1.02%
CAG	B	--1.02%
BIIB	C	--1.03%
MAA	B	--1.03%
CPB	B	--1.03%
UGI	B	--1.04%
TDC	F	--1.04%
FMC	B	--1.04%
HSY	B	--1.04%
HAIN	F	--1.04%
WPC	C	--1.06%
VC	C	--1.06%
MKC	B	--1.07%
EL	F	--1.07%
ALNY	D	--1.07%
PFE	D	--1.07%
AEE	C	--1.07%
IART	F	--1.08%
CCK	C	--1.08%
PTEN	F	--1.09%
MD	F	--1.1%
IDA	B	--1.1%
GIS	C	--1.11%
TSLA	D	--1.11%
VSAT	D	--1.12%
SEE	C	--1.12%
ICUI	F	--1.12%
WEN	B	--1.13%
EXAS	F	--1.14%
AWK	B	--1.14%
ST	B	--1.14%
BA	F	--1.14%
ADM	C	--1.14%
AAP	D	--1.15%
NYCB	D	--1.16%
HRL	B	--1.16%
BWA	B	--1.17%
K	B	--1.18%
D	B	--1.19%
RIG	F	--1.19%
VAC	D	--1.21%
NEE	B	--1.21%
HLF	C	--1.22%
HAS	B	--1.26%
MPW	D	--1.46%
SNAP	B	--1.51%