SHRT vs. NIXT ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to Research Affiliates Deletions ETF (NIXT)

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

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$27.29

Average Daily Volume

41,419

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	NIXT
30 Days	-7.59%	5.30%
60 Days	-8.76%	4.25%
90 Days	-8.43%
12 Months	-6.99%

16 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in NIXT	Overlap
ACIW	B	0.16%	1.02%	0.16%
CRUS	D	1.26%	0.72%	0.72%
CTLT	B	0.75%	0.67%	0.67%
EMN	D	0.16%	0.69%	0.16%
FMC	D	1.45%	0.61%	0.61%
FTDR	A	0.04%	1.15%	0.04%
HAS	D	0.35%	0.63%	0.35%
IAC	D	0.01%	0.63%	0.01%
KMX	B	0.56%	0.73%	0.56%
MSGS	A	0.32%	0.77%	0.32%
MTCH	D	0.02%	0.62%	0.02%
NOV	C	0.08%	0.56%	0.08%
QRVO	F	0.88%	0.35%	0.35%
SNDR	B	0.05%	0.96%	0.05%
UHS	D	0.8%	0.75%	0.75%
XRAY	F	0.31%	0.39%	0.31%

SHRT Overweight 184 Positions Relative to NIXT

Symbol	Grade	Weight
GM	B	2.09%
TGT	F	2.05%
THC	D	1.9%
LRCX	F	1.84%
LPX	B	1.65%
BIIB	F	1.36%
CHWY	B	1.34%
CVX	A	1.31%
SWKS	F	1.21%
TSN	B	1.15%
ELAN	D	1.13%
EOG	A	1.12%
RVTY	F	1.12%
PPC	C	1.09%
GTLS	B	1.08%
QGEN	D	1.01%
ZBRA	B	1.0%
WBA	F	0.92%
JBHT	C	0.9%
LII	A	0.84%
MATX	C	0.83%
MU	D	0.82%
CHTR	C	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%
TKO	B	0.78%
INGR	B	0.73%
FCX	D	0.71%
MKSI	C	0.71%
CEG	D	0.69%
OVV	B	0.69%
ICUI	D	0.67%
STX	D	0.66%
WDC	D	0.65%
LHX	C	0.65%
PFE	D	0.65%
CROX	D	0.64%
J	F	0.63%
CL	D	0.63%
MOH	F	0.63%
BALL	D	0.62%
MUR	D	0.61%
MRO	B	0.59%
HOLX	D	0.58%
ENPH	F	0.57%
EL	F	0.56%
RGEN	D	0.55%
POST	C	0.55%
ANET	C	0.51%
EME	C	0.5%
AVNT	B	0.5%
CNX	A	0.5%
ECL	D	0.5%
AVTR	F	0.49%
ABBV	D	0.48%
NCLH	B	0.48%
FSS	B	0.47%
CLX	B	0.46%
EXEL	B	0.46%
SCCO	F	0.45%
TPX	B	0.44%
HALO	F	0.44%
GNRC	B	0.43%
BMRN	D	0.42%
CCK	C	0.4%
MAS	D	0.39%
SLGN	A	0.38%
LTH	C	0.37%
VMC	B	0.36%
NSC	B	0.35%
DD	D	0.35%
CF	B	0.34%
TRU	D	0.34%
ZTS	D	0.33%
IQV	D	0.33%
GD	F	0.33%
VMI	B	0.32%
AMAT	F	0.31%
CI	F	0.31%
JAZZ	B	0.3%
LKQ	D	0.3%
HES	B	0.3%
TWLO	A	0.29%
BLD	D	0.29%
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%
ASH	D	0.24%
BPMC	C	0.24%
SYK	C	0.23%
SKYW	B	0.23%
WSM	B	0.23%
ILMN	D	0.22%
NFG	A	0.22%
LEVI	F	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%
COTY	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%
GDDY	A	0.16%
ESI	A	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%
IGT	F	0.08%
REGN	F	0.08%
PTC	A	0.07%
CHD	B	0.07%
CWAN	B	0.07%
ABG	B	0.07%
VRSN	F	0.07%
ROST	C	0.06%
PRIM	A	0.06%
NXST	C	0.05%
QTWO	A	0.05%
DTM	B	0.04%
NTRA	B	0.03%
MPWR	F	0.03%
UBER	D	0.03%
CMC	B	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%
TTEK	F	0.02%
BLDR	D	0.02%
R	B	0.01%
RUSHA	C	0.01%
GEHC	F	0.01%
SITM	B	0.01%
DOX	D	0.01%
ZBH	C	0.01%
EHC	B	0.01%
DVA	B	0.01%
OPCH	D	0.01%
CRVL	A	0.0%

SHRT Underweight 121 Positions Relative to NIXT

Symbol	Grade	Weight
LUMN	C	-4.02%
TDS	B	-1.29%
AFRM	B	-1.25%
LITE	B	-1.19%
HBI	B	-1.18%
LBRDK	C	-1.13%
BFH	B	-1.13%
SIRI	C	-1.08%
VNO	B	-1.0%
DNLI	D	-1.0%
SLG	B	-1.0%
CHRW	C	-0.99%
OMCL	C	-0.98%
BKU	A	-0.96%
VFC	C	-0.95%
GEN	B	-0.93%
MAC	B	-0.89%
DEI	B	-0.87%
UAA	C	-0.86%
CMA	A	-0.85%
BXP	D	-0.82%
SMTC	B	-0.82%
NRG	B	-0.82%
MKTX	D	-0.81%
AMBA	B	-0.81%
FHB	A	-0.81%
PNM	F	-0.81%
SABR	C	-0.8%
LOPE	B	-0.8%
EQH	B	-0.8%
PNW	B	-0.8%
CCOI	B	-0.8%
REG	B	-0.79%
LNC	B	-0.79%
FNF	B	-0.78%
RL	B	-0.77%
HIW	D	-0.77%
TNL	A	-0.76%
SHC	F	-0.75%
OUT	A	-0.75%
OGS	A	-0.75%
PAYC	B	-0.75%
ELS	C	-0.75%
MASI	A	-0.75%
BIO	D	-0.74%
JWN	C	-0.74%
TFSL	A	-0.74%
RNG	B	-0.74%
VYX	B	-0.73%
DBX	B	-0.73%
RIVN	F	-0.72%
ALLY	C	-0.72%
MP	B	-0.72%
ZD	C	-0.7%
SAM	C	-0.7%
CNA	B	-0.7%
NWL	B	-0.7%
FRT	B	-0.69%
EPR	D	-0.69%
DXC	B	-0.69%
HE	C	-0.68%
EQC	B	-0.68%
FL	F	-0.68%
AVT	C	-0.68%
ALE	A	-0.68%
JBLU	F	-0.67%
PINC	B	-0.67%
NVST	B	-0.66%
APLE	B	-0.66%
YETI	C	-0.66%
JKHY	D	-0.65%
JBGS	D	-0.65%
CAR	C	-0.64%
SPR	D	-0.63%
GAP	C	-0.63%
HLF	C	-0.62%
CABO	C	-0.61%
NEU	C	-0.61%
AMED	F	-0.61%
NOMD	D	-0.6%
PARA	C	-0.59%
ASAN	C	-0.59%
RAMP	C	-0.58%
NGVT	B	-0.58%
HAE	C	-0.58%
HST	C	-0.58%
VAC	B	-0.58%
TFX	F	-0.57%
SGRY	F	-0.57%
PK	B	-0.56%
HP	B	-0.54%
AZTA	D	-0.54%
ARWR	F	-0.53%
PLUG	F	-0.53%
HTZ	C	-0.51%
ENOV	C	-0.51%
CBRL	C	-0.51%
MOS	F	-0.51%
IART	C	-0.5%
VIR	D	-0.5%
LCID	F	-0.5%
BMBL	C	-0.49%
HELE	C	-0.46%
ETSY	D	-0.46%
CRI	D	-0.46%
AEO	F	-0.45%
MQ	F	-0.44%
NSP	D	-0.44%
BBWI	D	-0.43%
ACLS	F	-0.43%
KSS	F	-0.43%
ZI	D	-0.42%
XRX	F	-0.4%
NTLA	F	-0.39%
CVI	F	-0.39%
LEG	F	-0.39%
MRVI	F	-0.37%
TRIP	F	-0.32%
SVC	F	-0.27%
SAGE	F	-0.22%
AGL	F	-0.19%