SHRT vs. HYBB ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to iShares BB Rated Corporate Bond ETF (HYBB)

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.55

Average Daily Volume

2,487

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

HYBB

iShares BB Rated Corporate Bond ETF

HYBB Description

The investment seeks to track the investment results of the ICE BofA BB US High Yield Constrained Index composed of BB, or equivalently rated, fixed rate U.S. dollar-denominated bonds issued by U.S. and non-U.S. corporations. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (BlackRock Cash Funds), as well as in securities not included in the index, but which BFA believes will help it track the index.

Grade (RS Rating)

Last Trade

$46.60

Average Daily Volume

53,807

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	HYBB
30 Days	-7.59%	0.77%
60 Days	-8.76%	-0.93%
90 Days	-8.43%	0.18%
12 Months	-6.99%	7.81%

39 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in HYBB	Overlap
ABG	B	0.07%	0.05%	0.05%
ASH	D	0.24%	0.05%	0.05%
AVNT	B	0.5%	0.09%	0.09%
AVTR	F	0.49%	0.11%	0.11%
BALL	D	0.62%	0.1%	0.1%
BLD	D	0.29%	0.05%	0.05%
BLDR	D	0.02%	0.08%	0.02%
CCK	C	0.4%	0.06%	0.06%
CHTR	C	0.82%	0.06%	0.06%
CMC	B	0.03%	0.04%	0.03%
CNX	A	0.5%	0.06%	0.06%
COTY	F	0.2%	0.07%	0.07%
DVA	B	0.01%	0.14%	0.01%
EHC	B	0.01%	0.05%	0.01%
ESI	A	0.16%	0.12%	0.12%
GDDY	A	0.16%	0.09%	0.09%
GTLS	B	1.08%	0.23%	0.23%
HOLX	D	0.58%	0.06%	0.06%
IGT	F	0.08%	0.11%	0.08%
IQV	D	0.33%	0.08%	0.08%
JAZZ	B	0.3%	0.19%	0.19%
LEVI	F	0.22%	0.06%	0.06%
LPX	B	1.65%	0.05%	0.05%
LTH	C	0.37%	0.07%	0.07%
MOH	F	0.63%	0.09%	0.09%
MUR	D	0.61%	0.05%	0.05%
NCLH	B	0.48%	0.07%	0.07%
NXST	C	0.05%	0.13%	0.05%
POST	C	0.55%	0.15%	0.15%
PPC	C	1.09%	0.08%	0.08%
PTC	A	0.07%	0.07%	0.07%
SLGN	A	0.38%	0.09%	0.09%
STX	D	0.66%	0.04%	0.04%
THC	D	1.9%	0.08%	0.08%
TPX	B	0.44%	0.1%	0.1%
TWLO	A	0.29%	0.06%	0.06%
WBA	F	0.92%	0.03%	0.03%
WDC	D	0.65%	0.33%	0.33%
ZBRA	B	1.0%	0.08%	0.08%

SHRT Overweight 161 Positions Relative to HYBB

Symbol	Grade	Weight
GM	B	2.09%
TGT	F	2.05%
LRCX	F	1.84%
FMC	D	1.45%
BIIB	F	1.36%
CHWY	B	1.34%
CVX	A	1.31%
CRUS	D	1.26%
SWKS	F	1.21%
TSN	B	1.15%
ELAN	D	1.13%
EOG	A	1.12%
RVTY	F	1.12%
QGEN	D	1.01%
JBHT	C	0.9%
QRVO	F	0.88%
LII	A	0.84%
MATX	C	0.83%
MU	D	0.82%
JCI	C	0.81%
NOC	D	0.81%
MTZ	B	0.8%
D	C	0.8%
KLAC	D	0.8%
UPS	C	0.8%
UHS	D	0.8%
TKO	B	0.78%
CTLT	B	0.75%
INGR	B	0.73%
FCX	D	0.71%
MKSI	C	0.71%
CEG	D	0.69%
OVV	B	0.69%
ICUI	D	0.67%
LHX	C	0.65%
PFE	D	0.65%
CROX	D	0.64%
J	F	0.63%
CL	D	0.63%
MRO	B	0.59%
ENPH	F	0.57%
KMX	B	0.56%
EL	F	0.56%
RGEN	D	0.55%
ANET	C	0.51%
EME	C	0.5%
ECL	D	0.5%
ABBV	D	0.48%
FSS	B	0.47%
CLX	B	0.46%
EXEL	B	0.46%
SCCO	F	0.45%
HALO	F	0.44%
GNRC	B	0.43%
BMRN	D	0.42%
MAS	D	0.39%
VMC	B	0.36%
HAS	D	0.35%
NSC	B	0.35%
DD	D	0.35%
CF	B	0.34%
TRU	D	0.34%
ZTS	D	0.33%
GD	F	0.33%
MSGS	A	0.32%
VMI	B	0.32%
AMAT	F	0.31%
CI	F	0.31%
XRAY	F	0.31%
LKQ	D	0.3%
HES	B	0.3%
MMS	F	0.29%
CTRA	B	0.27%
SO	D	0.27%
EMR	A	0.26%
UI	A	0.26%
ONTO	D	0.26%
TXRH	C	0.25%
BPMC	C	0.24%
SYK	C	0.23%
SKYW	B	0.23%
WSM	B	0.23%
ILMN	D	0.22%
NFG	A	0.22%
ALLE	D	0.21%
FLS	B	0.21%
PSN	D	0.21%
BAH	F	0.2%
HIMS	B	0.2%
EFX	F	0.2%
MRVL	B	0.2%
EW	C	0.19%
TYL	B	0.19%
CHDN	B	0.18%
FOXA	B	0.18%
H	B	0.17%
NBIX	C	0.17%
ALKS	B	0.17%
GFS	C	0.16%
ACIW	B	0.16%
EMN	D	0.16%
ADMA	B	0.15%
APPF	B	0.15%
KTB	B	0.15%
VTRS	A	0.14%
VLTO	D	0.14%
SHAK	C	0.14%
RKLB	B	0.13%
SWX	B	0.13%
LYFT	C	0.13%
ISRG	A	0.12%
INFA	D	0.12%
TMO	F	0.12%
PODD	C	0.11%
GMED	A	0.11%
CNI	D	0.11%
IDXX	F	0.11%
PNR	A	0.1%
IPG	D	0.1%
AWI	A	0.09%
FCN	D	0.09%
SEM	B	0.09%
OLED	D	0.09%
TPL	A	0.09%
KEX	C	0.09%
PEN	B	0.09%
SPOT	B	0.08%
RGLD	C	0.08%
PLXS	B	0.08%
NOV	C	0.08%
REGN	F	0.08%
CHD	B	0.07%
CWAN	B	0.07%
VRSN	F	0.07%
ROST	C	0.06%
PRIM	A	0.06%
SNDR	B	0.05%
QTWO	A	0.05%
FTDR	A	0.04%
DTM	B	0.04%
NTRA	B	0.03%
MPWR	F	0.03%
UBER	D	0.03%
PWR	A	0.02%
AOS	F	0.02%
TER	D	0.02%
DNB	B	0.02%
BFAM	D	0.02%
HSIC	B	0.02%
APG	B	0.02%
MTCH	D	0.02%
TTEK	F	0.02%
R	B	0.01%
RUSHA	C	0.01%
GEHC	F	0.01%
IAC	D	0.01%
SITM	B	0.01%
DOX	D	0.01%
ZBH	C	0.01%
OPCH	D	0.01%
CRVL	A	0.0%

SHRT Underweight 218 Positions Relative to HYBB

Symbol	Grade	Weight
JBLU	F	-0.3%
INGM	F	-0.29%
CCL	B	-0.29%
UAL	A	-0.27%
WFRD	D	-0.25%
CZR	F	-0.22%
SBAC	D	-0.2%
GTN	F	-0.2%
TLN	B	-0.19%
VAL	D	-0.17%
TDG	D	-0.16%
VST	B	-0.15%
SIRI	C	-0.14%
COHR	B	-0.14%
PFGC	B	-0.14%
BFH	B	-0.14%
ACM	A	-0.14%
PCG	A	-0.14%
RBLX	C	-0.13%
SQ	B	-0.13%
AMCX	C	-0.13%
HLF	C	-0.12%
KNTK	B	-0.12%
HRI	B	-0.12%
BYD	C	-0.12%
WCC	B	-0.12%
HGV	B	-0.12%
VRT	B	-0.12%
HTZ	C	-0.12%
SYF	B	-0.11%
W	F	-0.11%
ESAB	B	-0.11%
AAL	B	-0.11%
DTE	C	-0.11%
USM	B	-0.1%
SBH	C	-0.1%
GAP	C	-0.1%
ADT	C	-0.1%
CRWD	B	-0.1%
TRN	C	-0.1%
ON	D	-0.1%
TEX	D	-0.09%
VSAT	F	-0.09%
WAL	B	-0.09%
ASGN	F	-0.09%
GEN	B	-0.09%
PK	B	-0.09%
FTRE	D	-0.09%
AIR	B	-0.09%
CWK	B	-0.09%
IEP	F	-0.09%
AM	A	-0.09%
ATSG	B	-0.09%
MTN	C	-0.09%
GEO	B	-0.09%
ADNT	F	-0.08%
THO	B	-0.08%
CRI	D	-0.08%
ACI	C	-0.08%
XPO	B	-0.08%
GNL	F	-0.08%
AMKR	D	-0.08%
NEP	F	-0.08%
SLM	A	-0.08%
OGN	D	-0.08%
ESTC	C	-0.08%
WH	B	-0.08%
FLR	B	-0.08%
LW	C	-0.08%
ACCO	C	-0.08%
AXTA	A	-0.08%
LADR	B	-0.08%
OUT	A	-0.08%
SRCL	C	-0.08%
PARA	C	-0.08%
DO	D	-0.08%
CXW	B	-0.08%
ECPG	B	-0.08%
ALGT	B	-0.08%
HHH	B	-0.08%
NMRK	B	-0.08%
MTDR	B	-0.08%
SNEX	B	-0.08%
SCI	B	-0.08%
RNG	B	-0.07%
MD	B	-0.07%
KFY	B	-0.07%
SAH	A	-0.07%
RLJ	C	-0.07%
LAD	A	-0.07%
COOP	B	-0.07%
MWA	B	-0.07%
ATGE	B	-0.07%
ZD	C	-0.07%
FCFS	F	-0.07%
DY	D	-0.07%
LYV	A	-0.07%
FTAI	B	-0.07%
GHC	C	-0.07%
PHIN	A	-0.07%
TNET	D	-0.07%
HLT	A	-0.07%
PAG	B	-0.07%
NAVI	C	-0.07%
URI	B	-0.07%
OLN	D	-0.07%
EPC	D	-0.07%
SCS	C	-0.07%
DAR	C	-0.07%
NWSA	B	-0.07%
ALLY	C	-0.07%
GPI	A	-0.07%
ARLP	A	-0.07%
TGNA	B	-0.07%
TFX	F	-0.07%
NSIT	F	-0.07%
EIX	B	-0.07%
NGVT	B	-0.07%
IRM	D	-0.07%
UA	C	-0.07%
PFSI	D	-0.07%
BWXT	B	-0.06%
MGM	D	-0.06%
HLX	B	-0.06%
AIZ	A	-0.06%
TCBI	B	-0.06%
ST	F	-0.06%
CIEN	B	-0.06%
MTX	B	-0.06%
TMHC	B	-0.06%
SM	B	-0.06%
CACC	D	-0.06%
WMS	D	-0.06%
SEE	C	-0.06%
CIVI	D	-0.06%
PBH	A	-0.06%
BCC	B	-0.06%
RXO	C	-0.06%
TRS	B	-0.06%
HESM	B	-0.06%
TTMI	B	-0.06%
CCOI	B	-0.06%
AA	B	-0.06%
ATKR	C	-0.06%
NWL	B	-0.06%
VSTO	A	-0.06%
VNOM	A	-0.06%
RHP	B	-0.06%
CRL	C	-0.06%
NRG	B	-0.06%
ET	A	-0.06%
CCS	D	-0.06%
BCO	D	-0.06%
RRC	B	-0.06%
SXC	A	-0.06%
VNO	B	-0.05%
DFH	D	-0.05%
OII	B	-0.05%
DAN	D	-0.05%
CLF	F	-0.05%
AMN	F	-0.05%
PR	B	-0.05%
STWD	C	-0.05%
WGO	C	-0.05%
JWN	C	-0.05%
CRS	A	-0.05%
GOLF	B	-0.05%
OI	C	-0.05%
ALSN	B	-0.05%
TPH	D	-0.05%
SYNA	C	-0.05%
IBP	D	-0.05%
VIAV	B	-0.05%
FL	F	-0.05%
ENTG	D	-0.05%
LAMR	D	-0.05%
SUN	B	-0.05%
AES	F	-0.05%
AR	B	-0.05%
FOUR	B	-0.05%
BXMT	C	-0.05%
REZI	A	-0.04%
CLH	B	-0.04%
FUL	F	-0.04%
CXT	B	-0.04%
KBR	F	-0.04%
PRGO	B	-0.04%
BECN	B	-0.04%
BSIG	A	-0.04%
FOR	F	-0.04%
MUSA	A	-0.04%
SPR	D	-0.04%
GNW	A	-0.04%
ENS	D	-0.04%
LGIH	D	-0.04%
X	C	-0.04%
GPK	C	-0.04%
IMKTA	C	-0.04%
YUM	B	-0.04%
VLY	B	-0.04%
VFC	C	-0.04%
BDN	C	-0.04%
PRAA	C	-0.04%
CENT	C	-0.04%
KSS	F	-0.04%
BBWI	D	-0.04%
TNL	A	-0.04%
HI	C	-0.04%
HPP	F	-0.04%
MHO	D	-0.04%
KBH	D	-0.04%
CHRD	D	-0.04%
RCL	A	-0.04%
CSTM	F	-0.03%
BERY	B	-0.03%
AAP	C	-0.03%
OMF	A	-0.03%
M	D	-0.02%