IBBQ vs. EHLS ETF Comparison

Comparison of Invesco Nasdaq Biotechnology ETF (IBBQ) to Even Herd Long Short ETF (EHLS)
IBBQ

Invesco Nasdaq Biotechnology ETF

IBBQ Description

The investment seeks to track the investment results (before fees and expenses) of the Nasdaq Biotechnology Index ®. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq compiles the underlying index, which is a modified market capitalization weighted index that is designed to measure the performance of securities listed on the Nasdaq Stock Market that are classified as either biotechnology or pharmaceutical companies. The index may include securities of large-, mid- and small-capitalization companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.71

Average Daily Volume

17,582

Number of Holdings *

195

* may have additional holdings in another (foreign) market
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
Performance
Period IBBQ EHLS
30 Days -6.27% 8.97%
60 Days -8.87% 10.38%
90 Days -8.76% 12.83%
12 Months 17.68%
5 Overlapping Holdings
Symbol Grade Weight in IBBQ Weight in EHLS Overlap
ADMA B 0.48% 1.26% 0.48%
APLS F 0.34% -0.24% -0.24%
EXEL B 1.06% 0.23% 0.23%
IMCR D 0.13% -0.23% -0.23%
RNA C 0.53% 0.44% 0.44%
IBBQ Overweight 190 Positions Relative to EHLS
Symbol Grade Weight
GILD C 9.95%
VRTX D 8.34%
AMGN F 7.56%
REGN F 5.67%
AZN F 3.97%
ALNY D 3.26%
BIIB F 2.52%
ILMN C 2.32%
ARGX B 1.96%
UTHR C 1.75%
VTRS A 1.65%
INCY C 1.58%
MRNA F 1.53%
SNY F 1.51%
SMMT D 1.43%
BMRN F 1.3%
NBIX C 1.28%
RPRX D 1.24%
INSM C 1.23%
SRPT F 1.08%
BNTX C 1.05%
MEDP D 1.04%
PCVX D 1.04%
RVMD C 0.99%
ITCI C 0.95%
BGNE D 0.91%
ROIV C 0.89%
JAZZ B 0.81%
ASND F 0.79%
MDGL B 0.67%
CYTK F 0.64%
HALO F 0.62%
BPMC B 0.61%
NUVL C 0.56%
IONS F 0.54%
KRYS C 0.53%
ACLX C 0.51%
ALKS C 0.5%
AXSM B 0.48%
BBIO F 0.48%
CRNX C 0.47%
RARE F 0.44%
CRSP D 0.43%
IMVT F 0.42%
GH B 0.39%
DNLI D 0.39%
RYTM C 0.37%
LEGN D 0.34%
MRUS F 0.34%
XENE D 0.33%
AGIO C 0.33%
EWTX C 0.32%
PTCT B 0.32%
DYN F 0.31%
FOLD F 0.31%
VCYT B 0.3%
ACAD C 0.3%
KYMR D 0.29%
SWTX C 0.29%
VRNA B 0.28%
VCEL B 0.28%
IOVA F 0.27%
JANX C 0.27%
VERA C 0.27%
PTGX D 0.26%
ARWR D 0.25%
GERN D 0.24%
IDYA F 0.24%
MIRM B 0.23%
SRRK C 0.23%
KROS D 0.23%
TWST F 0.23%
AMPH F 0.23%
LGND C 0.22%
AKRO B 0.21%
SUPN C 0.21%
BEAM D 0.21%
MNKD C 0.2%
HRMY D 0.2%
FTRE D 0.19%
NVCR C 0.19%
IRON B 0.19%
RXRX F 0.18%
TARS C 0.18%
WVE C 0.18%
ARVN F 0.17%
DVAX C 0.17%
BCRX D 0.16%
NRIX C 0.16%
ZLAB C 0.15%
TVTX C 0.15%
SPRY C 0.15%
HROW D 0.15%
MYGN F 0.15%
NTLA F 0.15%
OCUL D 0.15%
XNCR B 0.15%
RCKT F 0.14%
DAWN D 0.14%
SNDX F 0.14%
AUPH B 0.13%
ARDX F 0.13%
NVAX F 0.13%
INVA D 0.13%
ANIP F 0.13%
KURA F 0.13%
ARQT B 0.12%
VIR D 0.12%
CNTA B 0.12%
ELVN D 0.12%
GRFS C 0.12%
COLL F 0.1%
COGT D 0.1%
CGEM F 0.09%
BCYC F 0.09%
ETNB C 0.09%
GMAB F 0.09%
REPL D 0.08%
ADPT C 0.08%
PLRX D 0.08%
ERAS C 0.08%
PRTA F 0.08%
EOLS D 0.08%
PCRX C 0.08%
ABCL D 0.08%
CSTL D 0.08%
AUTL F 0.07%
MRVI F 0.07%
AVXL B 0.07%
IRWD F 0.07%
RLAY F 0.07%
ABUS D 0.07%
HCM D 0.06%
OLMA F 0.06%
SANA F 0.06%
GLPG F 0.06%
CVAC F 0.06%
MLYS F 0.06%
ANAB F 0.06%
HUMA F 0.06%
PHAT F 0.06%
ORIC F 0.06%
TSHA C 0.05%
SIGA F 0.05%
ARCT F 0.05%
XERS C 0.05%
PACB F 0.05%
TERN F 0.05%
RVNC F 0.05%
FDMT F 0.05%
OABI F 0.05%
TBPH B 0.05%
URGN F 0.05%
ALLO F 0.05%
RGNX D 0.05%
SVRA F 0.05%
EYPT D 0.05%
YMAB F 0.05%
PAHC C 0.05%
MGTX C 0.05%
THRD F 0.05%
LXRX F 0.04%
ALEC F 0.04%
PRME F 0.04%
VERV F 0.04%
KALV F 0.04%
PGEN F 0.03%
BMEA F 0.03%
ZNTL F 0.03%
ATAI C 0.03%
LYEL F 0.03%
VNDA C 0.03%
ITOS F 0.03%
QURE C 0.03%
VYGR F 0.03%
SAGE F 0.03%
ACIU D 0.03%
ACRS B 0.02%
CABA F 0.02%
CRBU D 0.02%
FULC F 0.02%
AMRN F 0.02%
EDIT F 0.02%
MGNX F 0.02%
BLUE F 0.01%
ALXO F 0.01%
OVID F 0.01%
CHRS D 0.01%
VTYX F 0.01%
RAPT F 0.0%
IBBQ Underweight 266 Positions Relative to EHLS
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%
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%
SLVM B -1.06%
ARES A -1.05%
DASH B -1.05%
FTDR B -1.04%
TRGP A -1.03%
TPL A -1.02%
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%
CNX A -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%
FTI A -0.53%
CNK C -0.51%
PKG A -0.49%
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%
ALHC C -0.42%
CACI D -0.42%
RKLB A -0.39%
WULF C -0.34%
YPF B -0.32%
TCBX B -0.3%
CEIX A -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%
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%
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%
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 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%
APA 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%
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%
CTRA B --0.26%
HDB C --0.26%
FMX F --0.26%
SON F --0.26%
CALX D --0.27%
DVN F --0.27%
COHU C --0.27%
HXL F --0.27%
ON D --0.27%
MTDR B --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%
MUR D --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%
HP C --0.29%
SJM D --0.29%
CHRD 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%
SLB C --0.29%
TMO F --0.29%
SIGI C --0.29%
RPD B --0.29%
CIVI D --0.29%
EXC C --0.3%
PINS F --0.3%
ES C --0.3%
EG C --0.3%
SNOW B --0.3%
WFRD D --0.3%
RIO D --0.3%
HES B --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%
VLO C --0.32%
ALRM C --0.32%
TENB C --0.33%
OVV B --0.33%
NARI C --0.34%
AMR C --0.35%
UPS C --0.37%
PRGO C --0.44%
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