QVAL vs. SYLD ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to Cambria Shareholder Yield ETF (SYLD)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.16

Average Daily Volume

23,579

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SYLD

Cambria Shareholder Yield ETF

SYLD Description

The investment seeks income and capital appreciation with an emphasis on income from investments in the U.S. equity market. The fund invests primarily in equity securities that provide a high "shareholder yield." Cambria views equity securities as providing a high shareholder yield if they exhibit strong cash flows, as reflected by their payment of dividends to shareholders and their return of capital to shareholders in other forms. It will invest primarily in equity securities, including the common stock, of U.S. companies, though the fund may obtain a limited amount of foreign and emerging markets exposure through investments in ADRs.

Grade (RS Rating)

Last Trade

$69.58

Average Daily Volume

93,909

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	SYLD
30 Days	-3.68%	-4.46%
60 Days	3.00%	0.24%
90 Days	6.31%	4.12%
12 Months	39.09%	28.44%

16 Overlapping Holdings

Symbol	Grade	Weight in QVAL	Weight in SYLD	Overlap
AMR	D	2.08%	1.06%	1.06%
APA	F	1.89%	0.98%	0.98%
ARW	B	2.06%	1.02%	1.02%
CEIX	F	1.94%	1.08%	1.08%
CMCSA	F	1.92%	0.92%	0.92%
CRC	F	2.07%	1.04%	1.04%
CRI	F	1.79%	0.85%	0.85%
CVI	F	1.9%	0.95%	0.95%
OC	A	2.02%	1.06%	1.06%
PHM	A	1.95%	0.98%	0.98%
PSX	D	2.04%	0.96%	0.96%
SM	B	2.04%	1.06%	1.06%
SNX	A	2.25%	1.08%	1.08%
T	C	2.0%	0.99%	0.99%
TOL	C	1.9%	0.96%	0.96%
VLO	C	2.0%	1.01%	1.01%

QVAL Overweight 33 Positions Relative to SYLD

Symbol	Grade	Weight
LBRT	B	2.25%
DAL	A	2.15%
BG	C	2.15%
WFRD	B	2.15%
ELV	B	2.12%
SIG	C	2.11%
OMC	B	2.08%
ARCH	D	2.07%
INSW	A	2.05%
CCK	C	2.05%
MUSA	D	2.05%
ALSN	D	2.04%
MO	A	2.02%
HAL	F	2.02%
AGCO	F	2.02%
SKX	A	2.0%
TPH	A	1.99%
TEX	D	1.99%
CSCO	F	1.98%
IPG	F	1.98%
UTHR	A	1.98%
THC	A	1.95%
UFPI	C	1.94%
GPK	C	1.93%
SNA	D	1.9%
CTSH	F	1.9%
LEA	F	1.9%
HPQ	D	1.9%
TMHC	C	1.88%
BBY	D	1.86%
DHI	D	1.84%
MOH	F	1.81%
CROX	D	1.8%

QVAL Underweight 84 Positions Relative to SYLD

Symbol	Grade	Weight
VCTR	A	-1.25%
WIRE	A	-1.1%
DVN	B	-1.09%
EOG	B	-1.09%
CHK	B	-1.08%
KHC	B	-1.08%
CVX	B	-1.08%
PAGP	B	-1.07%
PXD	B	-1.07%
XOM	B	-1.06%
CHRD	B	-1.06%
SYF	A	-1.06%
CTRA	A	-1.05%
COP	C	-1.05%
R	A	-1.05%
MGY	B	-1.05%
FOXA	B	-1.04%
COOP	A	-1.04%
CNX	B	-1.04%
VTRS	D	-1.03%
MPC	D	-1.03%
PRG	B	-1.03%
BRC	B	-1.03%
REVG	A	-1.03%
SLVM	A	-1.03%
PBF	C	-1.03%
MRO	C	-1.02%
LYB	D	-1.02%
AN	B	-1.02%
SLM	A	-1.02%
DOW	C	-1.02%
DFS	B	-1.01%
MATX	B	-1.01%
AFL	B	-1.01%
CALM	D	-1.01%
MAN	B	-1.01%
JEF	B	-1.01%
EMN	A	-1.0%
ATGE	A	-1.0%
AMN	D	-1.0%
WU	C	-1.0%
CF	F	-1.0%
DDS	B	-1.0%
ODP	C	-1.0%
DXC	F	-0.99%
DD	A	-0.99%
L	A	-0.99%
ATKR	B	-0.99%
BTU	F	-0.99%
MET	D	-0.99%
AMP	B	-0.98%
AMG	C	-0.98%
BERY	D	-0.98%
VZ	D	-0.98%
MOS	F	-0.98%
PAG	D	-0.98%
HUN	D	-0.97%
PFG	C	-0.96%
KBH	B	-0.96%
AFG	D	-0.96%
TNL	D	-0.96%
UHS	C	-0.95%
HVT	F	-0.95%
UA	D	-0.95%
STLD	D	-0.94%
RYI	F	-0.94%
ASO	D	-0.93%
GEF	D	-0.93%
FHI	F	-0.93%
IP	D	-0.93%
OLN	D	-0.93%
BCC	D	-0.93%
AGO	D	-0.92%
TXT	D	-0.92%
BLDR	C	-0.92%
NUE	D	-0.91%
LNC	D	-0.9%
TPR	D	-0.89%
BC	F	-0.88%
ETD	F	-0.86%
WNC	F	-0.84%
PVH	D	-0.83%
WHR	F	-0.83%
XRX	F	-0.8%