SHRT vs. SSPY ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to Syntax Stratified LargeCap ETF (SSPY)

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

SSPY

Syntax Stratified LargeCap ETF

SSPY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified LargeCap Index (the "index"). Under normal market conditions, the fund generally invests substantially all, and at least 95% of its total assets in the securities comprising the index. The index, which was created by Syntax, LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P 500® Index and holds the same constituents as the S&P 500.

Grade (RS Rating)

Last Trade

$82.04

Average Daily Volume

2,303

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	SSPY
30 Days	-7.59%	4.23%
60 Days	-8.76%	1.79%
90 Days	-8.43%	3.72%
12 Months	-6.99%	23.81%

91 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in SSPY	Overlap
ABBV	D	0.48%	0.24%	0.24%
ALLE	D	0.21%	0.08%	0.08%
AMAT	F	0.31%	0.18%	0.18%
ANET	C	0.51%	0.21%	0.21%
AOS	F	0.02%	0.21%	0.02%
BALL	D	0.62%	0.13%	0.13%
BIIB	F	1.36%	0.24%	0.24%
BLDR	D	0.02%	0.19%	0.02%
CEG	D	0.69%	0.38%	0.38%
CF	B	0.34%	0.09%	0.09%
CHD	B	0.07%	0.42%	0.07%
CHTR	C	0.82%	0.47%	0.47%
CI	F	0.31%	0.19%	0.19%
CL	D	0.63%	0.41%	0.41%
CLX	B	0.46%	0.41%	0.41%
CTLT	B	0.75%	0.25%	0.25%
CTRA	B	0.27%	0.17%	0.17%
CVX	A	1.31%	0.76%	0.76%
D	C	0.8%	0.24%	0.24%
DD	D	0.35%	0.05%	0.05%
DVA	B	0.01%	0.11%	0.01%
ECL	D	0.5%	0.05%	0.05%
EFX	F	0.2%	0.04%	0.04%
EL	F	0.56%	0.5%	0.5%
EMN	D	0.16%	0.05%	0.05%
EMR	A	0.26%	0.03%	0.03%
ENPH	F	0.57%	0.26%	0.26%
EOG	A	1.12%	0.07%	0.07%
EW	C	0.19%	0.06%	0.06%
FCX	D	0.71%	0.3%	0.3%
FMC	D	1.45%	0.09%	0.09%
FOXA	B	0.18%	0.1%	0.1%
GD	F	0.33%	0.16%	0.16%
GDDY	A	0.16%	0.27%	0.16%
GEHC	F	0.01%	0.1%	0.01%
GM	B	2.09%	0.25%	0.25%
GNRC	B	0.43%	0.08%	0.08%
HAS	D	0.35%	0.26%	0.26%
HES	B	0.3%	0.07%	0.07%
HOLX	D	0.58%	0.1%	0.1%
HSIC	B	0.02%	0.2%	0.02%
IDXX	F	0.11%	0.1%	0.1%
IPG	D	0.1%	0.34%	0.1%
IQV	D	0.33%	0.14%	0.14%
ISRG	A	0.12%	0.12%	0.12%
J	F	0.63%	0.4%	0.4%
JBHT	C	0.9%	0.08%	0.08%
JCI	C	0.81%	0.08%	0.08%
KLAC	D	0.8%	0.17%	0.17%
KMX	B	0.56%	0.14%	0.14%
LHX	C	0.65%	0.08%	0.08%
LKQ	D	0.3%	0.14%	0.14%
MAS	D	0.39%	0.19%	0.19%
MOH	F	0.63%	0.25%	0.25%
MPWR	F	0.03%	0.22%	0.03%
MRO	B	0.59%	0.07%	0.07%
MTCH	D	0.02%	0.47%	0.02%
MU	D	0.82%	0.15%	0.15%
NCLH	B	0.48%	0.09%	0.09%
NOC	D	0.81%	0.09%	0.09%
NSC	B	0.35%	0.08%	0.08%
PFE	D	0.65%	0.24%	0.24%
PNR	A	0.1%	0.19%	0.1%
PODD	C	0.11%	0.1%	0.1%
PTC	A	0.07%	0.17%	0.07%
PWR	A	0.02%	0.4%	0.02%
QRVO	F	0.88%	0.21%	0.21%
REGN	F	0.08%	0.22%	0.08%
ROST	C	0.06%	0.72%	0.06%
RVTY	F	1.12%	0.1%	0.1%
SO	D	0.27%	0.08%	0.08%
STX	D	0.66%	0.17%	0.17%
SWKS	F	1.21%	0.21%	0.21%
SYK	C	0.23%	0.12%	0.12%
TER	D	0.02%	0.17%	0.02%
TGT	F	2.05%	0.17%	0.17%
TMO	F	0.12%	0.14%	0.12%
TSN	B	1.15%	0.36%	0.36%
TYL	B	0.19%	0.22%	0.19%
UBER	D	0.03%	0.11%	0.03%
UHS	D	0.8%	0.32%	0.32%
UPS	C	0.8%	0.09%	0.09%
VLTO	D	0.14%	0.03%	0.03%
VMC	B	0.36%	0.17%	0.17%
VRSN	F	0.07%	0.27%	0.07%
VTRS	A	0.14%	0.24%	0.14%
WBA	F	0.92%	0.64%	0.64%
WDC	D	0.65%	0.17%	0.17%
ZBH	C	0.01%	0.12%	0.01%
ZBRA	B	1.0%	0.13%	0.13%
ZTS	D	0.33%	0.25%	0.25%

SHRT Overweight 109 Positions Relative to SSPY

Symbol	Grade	Weight
THC	D	1.9%
LRCX	F	1.84%
LPX	B	1.65%
CHWY	B	1.34%
CRUS	D	1.26%
ELAN	D	1.13%
PPC	C	1.09%
GTLS	B	1.08%
QGEN	D	1.01%
LII	A	0.84%
MATX	C	0.83%
MTZ	B	0.8%
TKO	B	0.78%
INGR	B	0.73%
MKSI	C	0.71%
OVV	B	0.69%
ICUI	D	0.67%
CROX	D	0.64%
MUR	D	0.61%
RGEN	D	0.55%
POST	C	0.55%
EME	C	0.5%
AVNT	B	0.5%
CNX	A	0.5%
AVTR	F	0.49%
FSS	B	0.47%
EXEL	B	0.46%
SCCO	F	0.45%
TPX	B	0.44%
HALO	F	0.44%
BMRN	D	0.42%
CCK	C	0.4%
SLGN	A	0.38%
LTH	C	0.37%
TRU	D	0.34%
MSGS	A	0.32%
VMI	B	0.32%
XRAY	F	0.31%
JAZZ	B	0.3%
TWLO	A	0.29%
BLD	D	0.29%
MMS	F	0.29%
UI	A	0.26%
ONTO	D	0.26%
TXRH	C	0.25%
ASH	D	0.24%
BPMC	C	0.24%
SKYW	B	0.23%
WSM	B	0.23%
ILMN	D	0.22%
NFG	A	0.22%
LEVI	F	0.22%
FLS	B	0.21%
PSN	D	0.21%
BAH	F	0.2%
HIMS	B	0.2%
COTY	F	0.2%
MRVL	B	0.2%
CHDN	B	0.18%
H	B	0.17%
NBIX	C	0.17%
ALKS	B	0.17%
GFS	C	0.16%
ACIW	B	0.16%
ESI	A	0.16%
ADMA	B	0.15%
APPF	B	0.15%
KTB	B	0.15%
SHAK	C	0.14%
RKLB	B	0.13%
SWX	B	0.13%
LYFT	C	0.13%
INFA	D	0.12%
GMED	A	0.11%
CNI	D	0.11%
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%
NOV	C	0.08%
CWAN	B	0.07%
ABG	B	0.07%
PRIM	A	0.06%
SNDR	B	0.05%
NXST	C	0.05%
QTWO	A	0.05%
FTDR	A	0.04%
DTM	B	0.04%
NTRA	B	0.03%
CMC	B	0.03%
DNB	B	0.02%
BFAM	D	0.02%
APG	B	0.02%
TTEK	F	0.02%
R	B	0.01%
RUSHA	C	0.01%
IAC	D	0.01%
SITM	B	0.01%
DOX	D	0.01%
EHC	B	0.01%
OPCH	D	0.01%
CRVL	A	0.0%

SHRT Underweight 409 Positions Relative to SSPY

Symbol	Grade	Weight
XOM	B	-0.77%
SYY	B	-0.75%
KR	B	-0.74%
WMT	A	-0.73%
TJX	A	-0.72%
COST	B	-0.71%
COF	B	-0.7%
SYF	B	-0.69%
CVS	D	-0.69%
DFS	B	-0.69%
CMCSA	B	-0.52%
DPZ	C	-0.52%
PSX	C	-0.51%
DRI	B	-0.51%
YUM	B	-0.51%
VLO	C	-0.5%
CMG	B	-0.5%
AAPL	C	-0.5%
MCD	D	-0.5%
BRK.A	B	-0.5%
EA	A	-0.49%
MPC	D	-0.49%
TTWO	A	-0.49%
L	A	-0.49%
MSI	B	-0.49%
SBUX	A	-0.48%
META	D	-0.47%
KMB	D	-0.42%
KVUE	A	-0.42%
PG	A	-0.42%
BWA	D	-0.42%
VST	B	-0.41%
APTV	D	-0.4%
JBL	B	-0.38%
ADM	D	-0.37%
BG	F	-0.37%
HRL	D	-0.36%
SLB	C	-0.35%
HPQ	B	-0.35%
PM	B	-0.35%
BKR	B	-0.35%
CRM	B	-0.35%
MO	A	-0.35%
IBM	C	-0.34%
OMC	C	-0.34%
HAL	C	-0.34%
ORCL	B	-0.34%
SNPS	B	-0.34%
TMUS	B	-0.33%
ATO	A	-0.33%
GRMN	B	-0.33%
TPR	B	-0.33%
NI	A	-0.33%
VZ	C	-0.33%
T	A	-0.33%
NRG	B	-0.33%
HCA	F	-0.33%
NKE	D	-0.33%
CDNS	B	-0.33%
AES	F	-0.32%
AWK	D	-0.32%
RL	B	-0.32%
MSFT	F	-0.32%
LULU	C	-0.31%
EXC	C	-0.3%
DECK	A	-0.3%
TSLA	B	-0.28%
DAL	C	-0.28%
UAL	A	-0.28%
SWK	D	-0.27%
EQIX	A	-0.27%
AKAM	D	-0.27%
STLD	B	-0.27%
CNP	B	-0.26%
HUBB	B	-0.26%
NUE	C	-0.26%
PEG	A	-0.26%
LOW	D	-0.26%
CNC	D	-0.26%
HD	A	-0.26%
MS	A	-0.26%
UNH	C	-0.26%
NVR	D	-0.26%
HUM	C	-0.26%
DLR	B	-0.26%
ETN	A	-0.26%
LEN	D	-0.25%
WMB	A	-0.25%
NEM	D	-0.25%
KO	D	-0.25%
DTE	C	-0.25%
F	C	-0.25%
GILD	C	-0.25%
EIX	B	-0.25%
STZ	D	-0.25%
SNA	A	-0.25%
PHM	D	-0.25%
LUV	C	-0.25%
KMI	A	-0.25%
MNST	C	-0.25%
ETR	B	-0.25%
TAP	C	-0.25%
INCY	C	-0.25%
RJF	A	-0.25%
BMY	B	-0.25%
GS	A	-0.25%
SCHW	B	-0.25%
MRNA	F	-0.24%
AMGN	D	-0.24%
JNJ	D	-0.24%
DHI	D	-0.24%
AEP	D	-0.24%
MRK	F	-0.24%
TRGP	B	-0.24%
OKE	A	-0.24%
FE	C	-0.24%
ED	D	-0.24%
KDP	D	-0.24%
NEE	D	-0.24%
ELV	F	-0.24%
AVGO	D	-0.23%
PLTR	B	-0.23%
CPRT	A	-0.23%
ON	D	-0.23%
GOOGL	C	-0.23%
GOOG	C	-0.23%
TXN	C	-0.23%
LLY	F	-0.23%
VRTX	F	-0.23%
NXPI	D	-0.23%
PAYC	B	-0.22%
NFLX	A	-0.22%
LW	C	-0.22%
EBAY	D	-0.22%
AMZN	C	-0.22%
DAY	B	-0.22%
QCOM	F	-0.22%
NOW	A	-0.22%
ADI	D	-0.22%
FFIV	B	-0.21%
KEYS	A	-0.21%
DIS	B	-0.21%
PFG	D	-0.21%
CSCO	B	-0.21%
MKC	D	-0.21%
KHC	F	-0.21%
SJM	D	-0.21%
GIS	D	-0.21%
MET	A	-0.21%
CAG	D	-0.21%
PAYX	C	-0.21%
ADP	B	-0.21%
ALL	A	-0.2%
GL	B	-0.2%
AIG	B	-0.2%
IEX	B	-0.2%
IR	B	-0.2%
JNPR	F	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
CPB	D	-0.2%
PRU	A	-0.2%
INTU	C	-0.2%
AIZ	A	-0.2%
ERIE	D	-0.2%
FSLR	F	-0.2%
MHK	D	-0.19%
APH	A	-0.19%
XYL	D	-0.19%
CAH	B	-0.19%
TEL	B	-0.19%
PGR	A	-0.19%
HPE	B	-0.19%
WBD	C	-0.19%
GLW	B	-0.19%
BBWI	D	-0.19%
PEP	F	-0.18%
HSY	F	-0.18%
RSG	A	-0.18%
CTAS	B	-0.18%
CRWD	B	-0.18%
GEV	B	-0.18%
EQT	B	-0.18%
WM	A	-0.18%
MDLZ	F	-0.18%
ROL	B	-0.18%
MCK	B	-0.18%
COR	B	-0.18%
K	A	-0.18%
HON	B	-0.17%
ADSK	A	-0.17%
MMM	D	-0.17%
ANSS	B	-0.17%
DG	F	-0.17%
FTNT	C	-0.17%
DOV	A	-0.17%
NTAP	C	-0.17%
GEN	B	-0.17%
ITW	B	-0.17%
BBY	D	-0.17%
WY	D	-0.17%
GE	D	-0.17%
MLM	B	-0.17%
DLTR	F	-0.17%
DELL	C	-0.17%
ULTA	F	-0.17%
INTC	D	-0.16%
PANW	C	-0.16%
ADBE	C	-0.16%
DVN	F	-0.16%
BA	F	-0.16%
LH	C	-0.16%
TXT	D	-0.16%
DGX	A	-0.16%
TECH	D	-0.15%
SMCI	F	-0.15%
A	D	-0.15%
GPC	D	-0.15%
WAT	B	-0.15%
MTD	D	-0.15%
WRB	A	-0.14%
MCHP	D	-0.14%
AZO	C	-0.14%
CAT	B	-0.14%
URI	B	-0.14%
TRV	B	-0.14%
CINF	A	-0.14%
ORLY	B	-0.14%
CRL	C	-0.14%
CB	C	-0.14%
HIG	B	-0.14%
ACGL	D	-0.14%
AMD	F	-0.14%
EG	C	-0.14%
FAST	B	-0.13%
JPM	A	-0.13%
PCAR	B	-0.13%
CDW	F	-0.13%
AMCR	D	-0.13%
AME	A	-0.13%
POOL	C	-0.13%
DE	A	-0.13%
ACN	C	-0.13%
EPAM	C	-0.13%
WFC	A	-0.13%
CTSH	B	-0.13%
C	A	-0.13%
WAB	B	-0.13%
IT	C	-0.13%
NVDA	C	-0.13%
LDOS	C	-0.13%
STT	A	-0.12%
HLT	A	-0.12%
MAR	B	-0.12%
ABNB	C	-0.12%
STE	F	-0.12%
EXPE	B	-0.12%
GWW	B	-0.12%
TSCO	D	-0.12%
BAC	A	-0.12%
ARE	D	-0.11%
VTR	C	-0.11%
WELL	A	-0.11%
EXR	D	-0.11%
PSA	D	-0.11%
CPT	B	-0.11%
BR	A	-0.11%
DOC	D	-0.11%
BXP	D	-0.11%
BKNG	A	-0.11%
HST	C	-0.11%
BK	A	-0.11%
DXCM	D	-0.1%
DHR	F	-0.1%
NWSA	B	-0.1%
NWS	B	-0.1%
ESS	B	-0.1%
ALGN	D	-0.1%
MAA	B	-0.1%
INVH	D	-0.1%
AVB	B	-0.1%
EQR	B	-0.1%
FOX	A	-0.1%
UDR	B	-0.1%
TROW	B	-0.09%
LMT	D	-0.09%
BEN	C	-0.09%
EXPD	D	-0.09%
AXON	A	-0.09%
RCL	A	-0.09%
CCL	B	-0.09%
CHRW	C	-0.09%
KKR	A	-0.09%
LYV	A	-0.09%
IVZ	B	-0.09%
RMD	C	-0.09%
CMS	C	-0.08%
PCG	A	-0.08%
SRE	A	-0.08%
XEL	A	-0.08%
HWM	A	-0.08%
PPL	B	-0.08%
EVRG	A	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
CARR	D	-0.08%
TDG	D	-0.08%
PH	A	-0.08%
UNP	C	-0.08%
CMI	A	-0.08%
OTIS	C	-0.08%
WYNN	D	-0.08%
ODFL	B	-0.08%
RTX	C	-0.08%
HII	D	-0.08%
BX	A	-0.08%
NTRS	A	-0.08%
BLK	C	-0.08%
LVS	C	-0.08%
AMP	A	-0.08%
MOS	F	-0.08%
CSX	B	-0.08%
CTVA	C	-0.08%
O	D	-0.07%
SPG	B	-0.07%
LYB	F	-0.07%
SW	A	-0.07%
PPG	F	-0.07%
FANG	D	-0.07%
OXY	D	-0.07%
CZR	F	-0.07%
COP	C	-0.07%
MGM	D	-0.07%
DOW	F	-0.07%
APA	D	-0.07%
PNW	B	-0.07%
FDX	B	-0.07%
WEC	A	-0.07%
CE	F	-0.07%
ES	D	-0.07%
TT	A	-0.07%
DUK	C	-0.07%
TFC	A	-0.06%
CFG	B	-0.06%
HBAN	A	-0.06%
FI	A	-0.06%
USB	A	-0.06%
FITB	A	-0.06%
PNC	B	-0.06%
KEY	B	-0.06%
RF	A	-0.06%
MTB	A	-0.06%
ABT	B	-0.06%
MDT	D	-0.06%
AVY	D	-0.06%
PYPL	B	-0.06%
BSX	B	-0.06%
IP	B	-0.06%
PKG	A	-0.06%
REG	B	-0.06%
KIM	A	-0.06%
PLD	D	-0.06%
AMT	D	-0.06%
FRT	B	-0.06%
SHW	A	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
IRM	D	-0.06%
FICO	B	-0.05%
IFF	D	-0.05%
SOLV	C	-0.05%
BAX	D	-0.05%
APD	A	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
WST	C	-0.05%
ALB	C	-0.05%
JKHY	D	-0.05%
FIS	C	-0.05%
AON	A	-0.04%
MMC	B	-0.04%
BRO	B	-0.04%
CBRE	B	-0.04%
CSGP	D	-0.04%
VRSK	A	-0.04%
SPGI	C	-0.04%
GPN	B	-0.04%
FDS	B	-0.04%
MCO	B	-0.04%
MA	C	-0.04%
CBOE	B	-0.04%
MSCI	C	-0.04%
ICE	C	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
AXP	A	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
LIN	D	-0.04%
ROP	B	-0.03%
ROK	B	-0.03%
NDSN	B	-0.03%
TDY	B	-0.03%
TRMB	B	-0.03%
FTV	C	-0.03%
AJG	B	-0.03%
WTW	B	-0.03%