NDOW vs. EHLS ETF Comparison

Comparison of Anydrus Advantage ETF (NDOW) to Even Herd Long Short ETF (EHLS)

NDOW

Anydrus Advantage ETF

NDOW Description

The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.

Grade (RS Rating)

Last Trade

$24.89

Average Daily Volume

3,113

Number of Holdings ^*

* 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

$21.18

Average Daily Volume

4,594

Number of Holdings ^*

236

* may have additional holdings in another (foreign) market

Performance

Period	NDOW	EHLS
30 Days	-2.47%	1.49%
60 Days	-0.87%	2.80%
90 Days	-0.10%	11.41%
12 Months

1 Overlapping Holdings

	Symbol	Grade	Weight in NDOW	Weight in EHLS	Overlap
	ESEA	D	0.63%	0.42%	0.42%

NDOW Overweight 36 Positions Relative to EHLS

Symbol	Grade	Weight
FLIA	B	9.22%
IBTH	C	8.46%
VGIT	C	8.36%
IEI	C	6.91%
XEMD	C	6.17%
SCHI	C	4.94%
IDMO	D	4.9%
BSJS	C	4.53%
BKLC	A	4.2%
SPMO	B	4.2%
SCHD	B	4.14%
XSVN	D	3.9%
VGLT	D	2.85%
GLTR	B	2.85%
ETN	B	0.94%
SRE	C	0.94%
NEE	D	0.94%
JPM	A	0.93%
NXPI	C	0.88%
FCX	D	0.86%
MPWR	F	0.86%
BCC	D	0.84%
OGN	D	0.69%
BNTX	B	0.65%
BABA	B	0.63%
NICE	C	0.63%
FINV	B	0.6%
VRTX	D	0.6%
BIDU	F	0.57%
NTES	F	0.51%
ABBV	A	0.5%
YY	D	0.49%
INFY	D	0.48%
E	D	0.47%
REGN	F	0.47%
PBR	F	0.45%

NDOW Underweight 235 Positions Relative to EHLS

Symbol	Grade	Weight
CSWI	B	-2.02%
BMA	B	-2.0%
GRBK	D	-1.87%
NVDA	B	-1.79%
IRM	B	-1.78%
GDS	B	-1.77%
HWM	B	-1.75%
SLG	B	-1.71%
QTWO	A	-1.64%
MSI	B	-1.58%
LMB	B	-1.58%
FICO	B	-1.56%
VST	B	-1.52%
CTAS	B	-1.52%
PIPR	B	-1.51%
HWKN	D	-1.51%
META	B	-1.41%
THC	C	-1.4%
SE	B	-1.33%
USLM	A	-1.33%
CW	B	-1.29%
CLBT	A	-1.28%
GVA	A	-1.28%
SPOT	A	-1.28%
SLVM	B	-1.27%
CBRE	A	-1.27%
BRO	B	-1.26%
IIPR	C	-1.22%
CEG	B	-1.22%
CRS	B	-1.2%
CASH	A	-1.12%
CVNA	A	-1.11%
SFM	A	-1.11%
ADMA	B	-1.1%
IGIC	A	-1.08%
CNX	B	-1.05%
NPAB	D	-1.05%
TPL	A	-1.05%
TPB	A	-1.05%
WELL	A	-1.03%
TIGO	C	-1.03%
CLH	C	-1.02%
SKT	B	-1.0%
AFL	D	-1.0%
RSI	A	-1.0%
FTDR	B	-1.0%
GLNG	B	-0.99%
NRG	B	-0.99%
PLTR	B	-0.99%
ANET	B	-0.98%
COKE	D	-0.98%
RDNT	D	-0.97%
YOU	A	-0.96%
PNTG	D	-0.96%
COOP	D	-0.94%
REAX	C	-0.92%
ANET	B	-0.9%
PAM	B	-0.89%
DASH	A	-0.81%
RNA	C	-0.8%
PSN	A	-0.79%
ISRG	B	-0.78%
OHI	B	-0.78%
BK	B	-0.78%
HIG	D	-0.77%
TKO	D	-0.77%
NMIH	D	-0.76%
PEG	B	-0.76%
EPRT	C	-0.74%
KKR	B	-0.74%
ZETA	C	-0.73%
MOD	C	-0.73%
FTI	B	-0.72%
CDNA	D	-0.71%
PATK	F	-0.69%
IESC	A	-0.68%
BBSI	D	-0.68%
AXS	C	-0.63%
WAB	B	-0.6%
ARES	B	-0.6%
AMAL	B	-0.57%
USAP	A	-0.53%
WMT	A	-0.52%
HOOD	B	-0.52%
TEVA	A	-0.51%
JXN	B	-0.5%
SMG	A	-0.5%
MMYT	A	-0.5%
HRB	D	-0.5%
PGR	D	-0.49%
ALSN	A	-0.49%
MUSA	C	-0.49%
HUBB	B	-0.49%
TYL	A	-0.49%
AXP	A	-0.48%
AIT	A	-0.48%
JD	A	-0.44%
BEKE	A	-0.42%
HLNE	A	-0.41%
ALHC	A	-0.4%
OSCR	C	-0.39%
GATO	B	-0.29%
PPTA	B	-0.27%
FRHC	B	-0.27%
BBW	A	-0.26%
PKG	A	-0.26%
VIST	B	-0.25%
YPF	A	-0.25%
MLR	A	-0.25%
EBAY	D	-0.24%
KTB	A	-0.24%
UFPT	D	-0.23%
ONON	D	-0.23%
NSIT	F	-0.23%
CSTM	F	--0.17%
ELF	F	--0.19%
DVAX	A	--0.2%
FLNG	F	--0.2%
AES	F	--0.22%
VAL	F	--0.22%
ADNT	F	--0.23%
NUE	F	--0.23%
VSAT	F	--0.23%
DOOO	F	--0.24%
FIVN	C	--0.24%
CC	F	--0.24%
NEP	F	--0.24%
ROG	D	--0.24%
VC	F	--0.24%
FIVE	C	--0.24%
PD	C	--0.24%
DG	F	--0.24%
ALV	F	--0.25%
NTST	F	--0.25%
PENN	B	--0.25%
MTDR	D	--0.25%
LEA	F	--0.25%
HTH	D	--0.25%
ELV	F	--0.25%
SCL	F	--0.25%
ETSY	D	--0.25%
ENPH	F	--0.25%
IGT	F	--0.25%
DKNG	F	--0.25%
SNAP	B	--0.25%
CENTA	D	--0.26%
VTLE	F	--0.26%
W	F	--0.26%
CAR	C	--0.26%
F	D	--0.26%
GO	F	--0.26%
APLS	F	--0.26%
NEO	D	--0.27%
MRTN	F	--0.27%
MRK	F	--0.27%
DXCM	C	--0.27%
ZD	F	--0.27%
BG	F	--0.27%
ENTG	D	--0.27%
APA	F	--0.27%
SON	F	--0.28%
RLJ	F	--0.28%
URBN	F	--0.28%
ADM	F	--0.28%
HSY	F	--0.28%
CARS	D	--0.28%
AIN	F	--0.28%
YELP	F	--0.28%
AMN	F	--0.28%
CENT	D	--0.28%
STZ	F	--0.28%
REXR	F	--0.28%
MGM	D	--0.29%
VNT	B	--0.29%
SIGI	C	--0.29%
FMX	F	--0.29%
CRL	F	--0.29%
IPG	F	--0.29%
CNI	F	--0.29%
OKTA	D	--0.29%
RPD	C	--0.29%
SNOW	C	--0.29%
MCHP	F	--0.29%
DDS	C	--0.3%
HXL	F	--0.3%
KMX	F	--0.3%
NSP	F	--0.3%
ON	D	--0.3%
IAC	F	--0.3%
QLYS	F	--0.3%
EVTC	D	--0.3%
ALLY	F	--0.3%
SLB	F	--0.3%
MUR	F	--0.3%
DVN	F	--0.3%
CIVI	F	--0.3%
NARI	A	--0.31%
HELE	C	--0.31%
IRTC	C	--0.31%
ODP	C	--0.31%
ARE	F	--0.31%
SJW	F	--0.31%
AMR	F	--0.31%
DIS	C	--0.31%
CVX	A	--0.31%
NXST	A	--0.31%
MTRN	D	--0.31%
OXM	F	--0.32%
FIZZ	B	--0.32%
PZZA	A	--0.32%
BHF	B	--0.33%
TENB	D	--0.34%
RYI	C	--0.35%
PINS	C	--0.36%
GTLS	B	--0.37%
DIOD	F	--0.37%
UPS	C	--0.38%
PGNY	F	--0.38%
EPAM	F	--0.39%
ALGT	B	--0.39%
JBT	A	--0.44%
PRGO	D	--0.44%
WRLD	D	--0.45%
CSGP	F	--0.49%
PARR	F	--0.49%
WST	B	--0.49%
CVI	F	--0.5%
OMI	F	--0.51%
USPH	F	--0.51%
IMCR	F	--0.53%
COHU	B	--0.54%
ALRM	F	--0.58%
SPT	F	--0.58%
LW	B	--0.59%
PLAY	C	--0.63%