HDGE vs. FHLC ETF Comparison

Comparison of Ranger Equity Bear Bear ETF (HDGE) to Fidelity MSCI Health Care Index ETF (FHLC)
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

$20.83

Average Daily Volume

88,840

Number of Holdings *

63

* may have additional holdings in another (foreign) market
FHLC

Fidelity MSCI Health Care Index ETF

FHLC Description The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Health Care Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Health Care Index, which represents the performance of the health care sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Health Care Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$67.62

Average Daily Volume

138,328

Number of Holdings *

339

* may have additional holdings in another (foreign) market
Performance
Period HDGE FHLC
30 Days 1.12% 0.96%
60 Days 5.79% -1.75%
90 Days 5.79% -0.11%
12 Months -14.75% 8.81%
2 Overlapping Holdings
Symbol Grade Weight in HDGE Weight in FHLC Overlap
HUM F -1.58% 0.65% -1.58%
PHR F -1.3% 0.02% -1.3%
HDGE Overweight 61 Positions Relative to FHLC
Symbol Grade Weight
VRSN F -0.61%
ELF D -0.92%
ALB C -1.03%
CZR F -1.05%
PX F -1.06%
JACK F -1.11%
NAPA F -1.11%
SNA D -1.15%
EXTR F -1.15%
IPGP D -1.2%
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%
CLVT F -1.3%
OLED B -1.32%
ROIC D -1.33%
ACI D -1.33%
PAYC F -1.34%
EQC B -1.35%
MRTN D -1.35%
APD C -1.37%
RKLB D -1.38%
MCD F -1.38%
NXST C -1.39%
TGNA D -1.4%
RF B -1.41%
DAN C -1.43%
HLIO B -1.43%
GLBE F -1.43%
CABO F -1.43%
REG F -1.44%
MRCY D -1.44%
LTC A -1.45%
RIVN F -1.46%
CGNX B -1.47%
PYCR F -1.49%
AY B -1.5%
WK F -1.5%
YETI F -1.5%
ALGT F -1.54%
WHR F -1.56%
VLY F -1.57%
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%
CHRW C -2.07%
O B -2.09%
SPT F -2.15%
DEO D -2.17%
ATGE A -2.54%
HDGE Underweight 337 Positions Relative to FHLC
Symbol Grade Weight
LLY C -10.56%
UNH C -7.54%
JNJ F -6.13%
MRK B -5.5%
ABBV D -4.81%
TMO D -3.74%
ABT F -3.11%
DHR C -2.92%
PFE D -2.58%
AMGN B -2.5%
ISRG D -2.2%
ELV A -2.08%
SYK D -1.89%
MDT D -1.81%
BSX B -1.78%
CI D -1.76%
VRTX C -1.75%
REGN C -1.63%
BMY F -1.51%
GILD F -1.37%
ZTS D -1.23%
CVS F -1.22%
MCK B -1.19%
BDX F -1.14%
HCA D -1.05%
EW D -0.86%
DXCM D -0.82%
IQV D -0.72%
A C -0.68%
CNC C -0.65%
IDXX D -0.65%
MRNA B -0.61%
GEHC D -0.54%
BIIB C -0.53%
RMD B -0.53%
VEEV D -0.51%
MTD D -0.46%
WST D -0.45%
ZBH D -0.42%
CAH F -0.42%
ALGN F -0.35%
STE D -0.34%
BAX F -0.34%
MOH D -0.33%
ILMN F -0.33%
ALNY D -0.32%
HOLX D -0.31%
WAT D -0.31%
LH F -0.29%
AVTR D -0.28%
DGX B -0.26%
BMRN F -0.26%
VTRS C -0.24%
NBIX B -0.24%
SWAV A -0.21%
TECH B -0.2%
PODD C -0.2%
CRL D -0.2%
UTHR B -0.2%
SRPT B -0.19%
UHS D -0.18%
THC A -0.18%
RPRX F -0.18%
NTRA B -0.18%
EXAS F -0.18%
TFX F -0.17%
INCY D -0.17%
CTLT D -0.17%
SOLV C -0.16%
MEDP D -0.16%
HSIC D -0.15%
CHE D -0.14%
EHC A -0.14%
RGEN F -0.14%
PEN F -0.13%
DVA B -0.13%
HQY D -0.12%
BRKR D -0.12%
INSP D -0.12%
ITCI C -0.11%
XRAY F -0.11%
ELAN B -0.11%
VKTX B -0.11%
JAZZ D -0.11%
ACHC F -0.11%
ENSG D -0.11%
PCVX C -0.1%
GMED C -0.1%
BIO F -0.1%
MASI D -0.1%
EXEL F -0.1%
HALO C -0.09%
OPCH D -0.09%
BPMC A -0.09%
IONS F -0.09%
CYTK D -0.09%
PRGO C -0.08%
GKOS B -0.08%
LNTH B -0.08%
HAE B -0.08%
OGN B -0.08%
TMDX B -0.07%
RVMD B -0.07%
CRSP F -0.07%
MMSI B -0.07%
APLS F -0.06%
NVST F -0.06%
AXNX C -0.06%
LIVN B -0.06%
IRTC F -0.06%
INSM D -0.06%
PBH D -0.06%
ITGR D -0.06%
ALKS F -0.06%
ENOV F -0.05%
PRCT B -0.05%
PGNY F -0.05%
EVH F -0.05%
BBIO F -0.05%
ARWR F -0.05%
CRNX A -0.05%
RDNT B -0.05%
KRYS D -0.05%
AMED C -0.05%
SEM A -0.05%
CERE B -0.05%
RARE F -0.05%
FTRE D -0.05%
ALPN A -0.04%
CNMD F -0.04%
GH D -0.04%
TDOC F -0.04%
CORT D -0.04%
PDCO D -0.04%
NARI F -0.04%
VCEL C -0.04%
SWTX D -0.04%
CRVL B -0.04%
AMN C -0.04%
AXSM B -0.04%
CLDX D -0.04%
TGTX C -0.04%
PTCT C -0.04%
FOLD F -0.04%
IDYA D -0.04%
TNDM B -0.04%
TXG F -0.04%
IOVA D -0.04%
MDGL D -0.04%
PINC F -0.04%
NEOG F -0.04%
AZTA D -0.04%
DOCS F -0.04%
XENE D -0.04%
ACLX D -0.03%
KROS D -0.03%
AGL F -0.03%
BEAM F -0.03%
RXST B -0.03%
USPH D -0.03%
ARDX C -0.03%
SDGR F -0.03%
SUPN D -0.03%
TLRY D -0.03%
CPRX D -0.03%
ADUS A -0.03%
AMPH F -0.03%
OMI F -0.03%
SNDX D -0.03%
PRVA F -0.03%
SGRY F -0.03%
GERN B -0.03%
STAA D -0.03%
MYGN A -0.03%
UFPT B -0.03%
ASTH D -0.03%
HIMS D -0.03%
DNLI D -0.03%
NEO D -0.03%
MRUS B -0.03%
ACAD F -0.03%
NUVL D -0.03%
RNA B -0.03%
TWST B -0.03%
ARVN D -0.03%
AGIO B -0.03%
CERT D -0.03%
NTLA F -0.03%
IART F -0.03%
RYTM D -0.03%
ICUI F -0.03%
RCM D -0.03%
FUSN A -0.02%
JANX B -0.02%
SANA B -0.02%
MRVI B -0.02%
ESTA B -0.02%
HRMY C -0.02%
CGEM B -0.02%
KURA D -0.02%
AKRO F -0.02%
ANIP D -0.02%
SHC F -0.02%
DYN D -0.02%
IRWD F -0.02%
LGND C -0.02%
ATRC F -0.02%
MNKD D -0.02%
PTGX D -0.02%
ATEC F -0.02%
COLL C -0.02%
OMCL C -0.02%
PCRX D -0.02%
BKD B -0.02%
NHC B -0.02%
RXRX F -0.02%
VERA C -0.02%
NVCR D -0.02%
LMAT A -0.02%
XNCR B -0.02%
RCKT D -0.02%
IMVT F -0.02%
DVAX D -0.02%
ADMA A -0.02%
KYMR C -0.02%
VCYT F -0.02%
VERV F -0.01%
AVXL F -0.01%
TBPH C -0.01%
DCGO F -0.01%
ALLO F -0.01%
HROW F -0.01%
PAHC A -0.01%
SPRY C -0.01%
HCAT F -0.01%
IRON F -0.01%
DH F -0.01%
NVRO F -0.01%
FNA F -0.01%
SVRA C -0.01%
IRMD D -0.01%
CABA F -0.01%
ALEC F -0.01%
ALXO B -0.01%
ALT D -0.01%
FLGT F -0.01%
OLMA F -0.01%
RVNC F -0.01%
AGTI C -0.01%
EDIT F -0.01%
PACB F -0.01%
OSUR F -0.01%
OABI F -0.01%
SIGA C -0.01%
OFIX C -0.01%
COGT C -0.01%
TVTX F -0.01%
PETQ D -0.01%
WVE C -0.01%
LBPH B -0.01%
CDMO C -0.01%
CYH B -0.01%
TMCI F -0.01%
NVAX F -0.01%
ACCD F -0.01%
ALHC B -0.01%
NRC F -0.01%
OPK D -0.01%
KIDS B -0.01%
IMNM D -0.01%
RLAY F -0.01%
CSTL B -0.01%
ZNTL F -0.01%
SIBN F -0.01%
GDRX B -0.01%
PLRX F -0.01%
MLAB B -0.01%
EMBC F -0.01%
KNSA B -0.01%
ATRI C -0.01%
VRDN F -0.01%
QTRX F -0.01%
EOLS C -0.01%
SRRK D -0.01%
LQDA D -0.01%
LFST B -0.01%
PNTG A -0.01%
CCRN F -0.01%
HSTM B -0.01%
SMMT B -0.01%
EWTX B -0.01%
BLFS B -0.01%
ARCT F -0.01%
VREX F -0.01%
RGNX F -0.01%
ETNB F -0.01%
CTKB F -0.01%
FDMT D -0.01%
AUPH F -0.01%
SLP B -0.01%
TARS B -0.01%
MGNX D -0.01%
SAGE F -0.01%
MD F -0.01%
INBX D -0.01%
AHCO D -0.01%
RCUS F -0.01%
AMRX B -0.01%
MIRM F -0.01%
EYPT F -0.01%
VIR F -0.01%
CYRX F -0.01%
MDXG D -0.01%
DAWN B -0.01%
PRTA F -0.01%
MORF F -0.01%
BCRX D -0.01%
INVA B -0.01%
SAVA C -0.01%
AVNS D -0.01%
DCPH A -0.01%
ME F -0.0%
TRDA C -0.0%
TERN C -0.0%
RAPT F -0.0%
REPL F -0.0%
CLOV D -0.0%
MODV D -0.0%
PHAT C -0.0%
BMEA F -0.0%
HLVX F -0.0%
ELVN B -0.0%
ITOS C -0.0%
LUNG D -0.0%
ADPT D -0.0%
ANAB B -0.0%
LYEL B -0.0%
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