IEDI vs. HDGE ETF Comparison

Comparison of iShares Evolved U.S. Discretionary Spending ETF (IEDI) to Ranger Equity Bear Bear ETF (HDGE)

IEDI

iShares Evolved U.S. Discretionary Spending ETF

IEDI Description

The investment seeks to provide access to U.S. companies with discretionary spending exposure, as classified using a proprietary classification system. The fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in U.S. listed common stock of large-, mid- and small-capitalization discretionary spending companies. It will hold common stock of those companies that fall into the Discretionary Spending Evolved Sector which have economic characteristics that have been historically correlated with companies traditionally defined as consumer discretionary companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$48.16

Average Daily Volume

11,063

Number of Holdings ^*

204

* may have additional holdings in another (foreign) market

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

$20.85

Average Daily Volume

90,206

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IEDI	HDGE
30 Days	-0.31%	4.11%
60 Days	-1.90%	4.55%
90 Days	4.35%	4.93%
12 Months	26.09%	-14.26%

11 Overlapping Holdings

Symbol	Grade	Weight in IEDI	Weight in HDGE	Overlap
ACI	D	0.19%	-1.33%	-1.33%
CAR	D	0.02%	-1.77%	-1.77%
CZR	F	0.14%	-1.05%	-1.05%
ELF	D	0.17%	-0.92%	-0.92%
GO	F	0.1%	-1.29%	-1.29%
JACK	F	0.04%	-1.11%	-1.11%
KMX	D	0.32%	-1.93%	-1.93%
LUV	D	0.16%	-1.29%	-1.29%
MCD	F	1.3%	-1.38%	-1.38%
SNA	D	0.01%	-1.15%	-1.15%
YETI	F	0.05%	-1.5%	-1.5%

IEDI Overweight 193 Positions Relative to HDGE

Symbol	Grade	Weight
AMZN	A	11.4%
HD	D	10.19%
COST	B	8.77%
WMT	C	5.59%
CMG	A	3.78%
LOW	D	3.75%
TJX	C	3.41%
ORLY	D	2.42%
TGT	D	2.31%
ROST	D	1.99%
AZO	D	1.6%
SBUX	F	1.25%
MAR	D	1.18%
DG	D	1.15%
LULU	F	1.13%
NKE	D	1.1%
TSCO	B	1.06%
KR	B	1.05%
HLT	D	0.99%
ULTA	F	0.94%
DLTR	F	0.88%
YUM	C	0.87%
UBER	D	0.87%
CTAS	B	0.77%
DRI	F	0.74%
WSM	B	0.7%
V	C	0.63%
FERG	B	0.63%
ABNB	D	0.59%
DKS	C	0.56%
WING	A	0.56%
PG	A	0.55%
DECK	D	0.54%
BURL	D	0.54%
DPZ	B	0.54%
META	D	0.52%
DIS	D	0.5%
AAPL	B	0.5%
DASH	D	0.45%
TXRH	B	0.44%
CPRT	D	0.43%
CASY	A	0.43%
FND	D	0.41%
MA	D	0.38%
SQ	D	0.37%
STZ	D	0.36%
RCL	A	0.36%
SYY	D	0.35%
BBWI	C	0.34%
DKNG	D	0.33%
FIVE	F	0.29%
BJ	B	0.28%
CHDN	B	0.28%
SFM	A	0.27%
BBY	D	0.27%
GWW	D	0.23%
PLNT	D	0.22%
FAST	D	0.22%
CPNG	B	0.22%
OLLI	B	0.22%
EXPE	F	0.21%
GPS	D	0.21%
USFD	C	0.21%
MCK	B	0.2%
UPS	D	0.2%
POOL	F	0.2%
PFGC	D	0.2%
MGM	F	0.2%
CVNA	B	0.2%
TPR	D	0.2%
ASO	F	0.18%
EBAY	D	0.18%
WH	F	0.18%
LAD	D	0.18%
CROX	C	0.18%
MUSA	D	0.18%
HST	D	0.17%
TSN	B	0.17%
FDX	D	0.17%
MTN	F	0.17%
M	D	0.17%
RH	D	0.17%
WBA	F	0.17%
LYV	D	0.16%
CCL	F	0.16%
TPX	D	0.15%
SKX	B	0.15%
TOL	B	0.14%
GDDY	A	0.14%
WYNN	D	0.14%
HRB	B	0.14%
PINS	A	0.14%
AN	B	0.14%
AEO	B	0.14%
SHAK	B	0.13%
AAP	D	0.13%
GPC	B	0.13%
MAS	D	0.12%
ABG	C	0.12%
VVV	D	0.12%
CAVA	B	0.12%
TOST	A	0.12%
CPRI	F	0.12%
KTB	B	0.12%
BOOT	B	0.12%
RL	D	0.12%
NFLX	C	0.12%
SIG	D	0.12%
W	C	0.12%
ARMK	C	0.12%
SCI	D	0.11%
FRPT	B	0.11%
CL	A	0.11%
H	D	0.11%
NCLH	F	0.11%
SNAP	B	0.11%
WEN	B	0.11%
PH	B	0.1%
KSS	F	0.1%
PZZA	F	0.1%
EAT	A	0.1%
BYD	F	0.1%
FLO	B	0.1%
URBN	D	0.1%
SHOO	D	0.1%
CRI	F	0.1%
CHH	F	0.1%
SITE	F	0.1%
GME	B	0.1%
FCFS	D	0.09%
ETSY	F	0.09%
DUOL	B	0.09%
IPG	D	0.09%
BFAM	C	0.09%
LYFT	C	0.09%
VFC	F	0.08%
ALK	C	0.08%
JWN	B	0.08%
RHP	D	0.08%
VICI	B	0.08%
COLM	B	0.07%
VAC	D	0.07%
COTY	F	0.07%
SG	B	0.07%
UAL	B	0.07%
LNW	D	0.07%
BLMN	F	0.07%
RRR	D	0.07%
TNL	D	0.07%
LANC	D	0.07%
Z	F	0.07%
DHI	D	0.07%
INVH	B	0.06%
AAL	C	0.06%
CBRL	F	0.06%
MTCH	F	0.06%
MAT	D	0.06%
CAKE	D	0.06%
IAC	B	0.06%
HGV	D	0.06%
PYPL	C	0.06%
FL	F	0.06%
MSM	F	0.05%
PENN	F	0.05%
HON	C	0.05%
ANF	B	0.05%
RHI	D	0.05%
MSGS	B	0.05%
PRKS	D	0.04%
TKO	B	0.04%
APLE	F	0.04%
ROL	B	0.04%
CHWY	F	0.04%
FOUR	F	0.03%
UHAL	B	0.03%
IPAR	F	0.03%
CHE	D	0.03%
TTWO	D	0.03%
OMC	B	0.03%
GIS	C	0.03%
DDS	C	0.03%
VSTS	F	0.02%
DRVN	F	0.02%
CLX	F	0.02%
MIDD	F	0.02%
PVH	D	0.02%
ZTS	D	0.02%
BLD	D	0.02%
PK	D	0.02%
MKC	B	0.02%
LOPE	B	0.02%
OXM	B	0.02%
PLAY	D	0.02%

IEDI Underweight 52 Positions Relative to HDGE

Symbol	Grade	Weight
VRSN	F	--0.61%
ALB	C	--1.03%
PX	F	--1.06%
NAPA	F	--1.11%
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%
PHR	F	--1.3%
CLVT	F	--1.3%
OLED	B	--1.32%
ROIC	D	--1.33%
PAYC	F	--1.34%
EQC	B	--1.35%
MRTN	D	--1.35%
APD	C	--1.37%
RKLB	D	--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%
ALGT	F	--1.54%
WHR	F	--1.56%
VLY	F	--1.57%
HUM	F	--1.58%
THS	F	--1.58%
SNDR	D	--1.58%
FRSH	F	--1.6%
BILL	F	--1.63%
WAL	B	--1.69%
CHRW	C	--2.07%
O	B	--2.09%
SPT	F	--2.15%
DEO	D	--2.17%
ATGE	A	--2.54%