HDGE vs. WLDR ETF Comparison

Comparison of Ranger Equity Bear Bear ETF (HDGE) to Affinity World Leaders Equity ETF (WLDR)

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

$20.16

Average Daily Volume

91,249

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WLDR

Affinity World Leaders Equity ETF

WLDR Description

The investment seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Thomson Reuters StarMine Affinity World Leaders Index (the index). The fund normally invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities included in the index. The index is expected to consist of approximately 150 to 250 stocks of companies located in the U.S. and in at least three countries outside of the U.S. and may invest in up to 20 countries. It will be significantly invested in the securities of international companies in addition to securities of U.S. companies.

Grade (RS Rating)

Last Trade

$31.38

Average Daily Volume

4,938

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDGE	WLDR
30 Days	-6.10%	4.72%
60 Days	-0.88%	3.65%
90 Days	2.80%	9.39%
12 Months	-13.89%	29.15%

1 Overlapping Holdings

	Symbol	Grade	Weight in HDGE	Weight in WLDR	Overlap
	ACI	D	-1.24%	0.79%	-1.24%

HDGE Overweight 65 Positions Relative to WLDR

Symbol	Grade	Weight
APPN	F	-0.33%
CCL	F	-0.95%
CZR	F	-0.96%
GO	F	-0.97%
ALGM	D	-0.98%
PX	D	-1.01%
EXTR	F	-1.01%
JACK	F	-1.03%
GPRE	F	-1.04%
ALB	D	-1.04%
NAPA	F	-1.06%
CLVT	F	-1.07%
CHRW	C	-1.08%
FIVN	F	-1.09%
SNA	D	-1.1%
DOCS	F	-1.11%
PCTY	D	-1.12%
LITE	D	-1.13%
NTST	C	-1.15%
NBR	F	-1.17%
GT	C	-1.18%
ROKU	D	-1.19%
HBI	D	-1.19%
IPGP	D	-1.19%
TDOC	F	-1.22%
ROIC	D	-1.24%
MCD	D	-1.25%
SNV	B	-1.26%
PHR	D	-1.26%
LUV	F	-1.27%
KLIC	D	-1.28%
ELF	D	-1.29%
MRTN	D	-1.29%
ATGE	B	-1.29%
APD	D	-1.31%
CABO	F	-1.32%
REG	C	-1.33%
THS	F	-1.34%
NXST	C	-1.34%
BILL	F	-1.35%
DAN	C	-1.36%
UI	C	-1.37%
TGNA	C	-1.37%
RKLB	D	-1.37%
YETI	D	-1.39%
WK	D	-1.39%
APTV	D	-1.39%
OLED	C	-1.4%
ALGT	F	-1.41%
ON	D	-1.41%
CSIQ	F	-1.41%
HLIO	C	-1.42%
CAR	D	-1.44%
WHR	F	-1.45%
RIVN	F	-1.5%
HUM	D	-1.51%
VLY	D	-1.52%
MRCY	D	-1.53%
SNDR	D	-1.55%
GLBE	F	-1.59%
KMX	D	-1.87%
O	C	-1.97%
DEO	F	-2.06%
NOV	F	-2.27%
PYCR	F	-2.56%

HDGE Underweight 69 Positions Relative to WLDR

Symbol	Grade	Weight
AMAT	A	-3.41%
HPQ	C	-3.26%
DELL	B	-3.25%
NTAP	B	-3.17%
META	D	-2.75%
WSM	B	-2.57%
AZO	D	-2.42%
APP	C	-2.09%
JPM	A	-1.88%
EBAY	B	-1.87%
DOCU	C	-1.85%
IBM	D	-1.84%
SSNC	B	-1.84%
CTSH	F	-1.76%
MRK	B	-1.44%
CMCSA	F	-1.42%
VZ	C	-1.42%
OMC	A	-1.28%
BRK.A	C	-1.17%
EMN	B	-1.08%
CAT	C	-1.08%
MCK	B	-1.05%
CARR	B	-1.05%
ELV	B	-1.0%
SYF	C	-1.0%
BK	A	-0.99%
TROW	C	-0.92%
CI	D	-0.89%
CNM	A	-0.88%
VTRS	D	-0.88%
PCAR	D	-0.86%
TEVA	B	-0.85%
CNC	B	-0.85%
HCA	C	-0.84%
CAH	F	-0.84%
KR	D	-0.81%
FANG	C	-0.71%
RCL	C	-0.69%
PSX	D	-0.67%
HMC	D	-0.65%
VLO	D	-0.65%
UAL	C	-0.63%
MPC	D	-0.63%
STLA	D	-0.63%
MO	A	-0.61%
VST	B	-0.61%
DAL	B	-0.6%
MGM	F	-0.57%
ALL	D	-0.55%
ETR	A	-0.54%
RGA	A	-0.54%
AER	B	-0.53%
URI	B	-0.51%
EVRG	C	-0.51%
CCEP	A	-0.5%
RNR	D	-0.5%
TSN	B	-0.48%
HOOD	C	-0.45%
LEN	B	-0.44%
F	D	-0.44%
PHM	A	-0.43%
TOL	A	-0.42%
TAP	F	-0.4%
SPG	C	-0.4%
VICI	C	-0.39%
DOC	A	-0.38%
HST	D	-0.36%
STLD	D	-0.28%
RS	D	-0.24%