SVAL vs. EHLS ETF Comparison

Comparison of iShares US Small Cap Value Factor ETF (SVAL) to Even Herd Long Short ETF (EHLS)

SVAL

iShares US Small Cap Value Factor ETF

SVAL Description

The investment seeks to track the investment results of the Russell 2000 Focused Value Select Index composed of U.S. small-capitalization stocks with prominent value characteristics. The index measures the performance of small-capitalization U.S. companies with prominent value factor characteristics, as determined by the index provider. The fund generally will invest at least 80% of its assets in the component securities and other instruments of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents.

Grade (RS Rating)

Last Trade

$35.09

Average Daily Volume

30,837

Number of Holdings ^*

228

* 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

$23.12

Average Daily Volume

2,612

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	SVAL	EHLS
30 Days	9.25%	8.97%
60 Days	7.84%	10.38%
90 Days	7.31%	12.83%
12 Months	28.68%

15 Overlapping Holdings

Symbol	Grade	Weight in SVAL	Weight in EHLS	Overlap
AMR	C	0.3%	-0.35%	-0.35%
ATKR	D	0.2%	-0.25%	-0.25%
CASH	B	0.0%	0.27%	0.0%
CCB	A	0.56%	0.56%	0.56%
CEIX	A	0.38%	0.3%	0.3%
CNX	A	0.55%	0.76%	0.55%
CVI	F	0.18%	-0.15%	-0.15%
HP	C	0.26%	-0.29%	-0.29%
MATX	C	0.6%	0.24%	0.24%
MUR	D	0.24%	-0.28%	-0.28%
ODP	F	0.18%	-0.24%	-0.24%
PARR	F	0.16%	-0.22%	-0.22%
SKYW	C	0.86%	0.76%	0.76%
STNG	F	0.33%	-0.17%	-0.17%
WOR	F	0.21%	-0.24%	-0.24%

SVAL Overweight 213 Positions Relative to EHLS

Symbol	Grade	Weight
EBC	B	0.96%
TILE	B	0.84%
LC	A	0.81%
ARIS	A	0.8%
MLI	B	0.78%
HTLF	B	0.73%
GBCI	B	0.64%
UMBF	B	0.64%
FBK	C	0.64%
CXW	C	0.62%
CALM	A	0.61%
QCRH	B	0.61%
MHO	D	0.6%
HSII	B	0.6%
TTMI	C	0.6%
SASR	B	0.58%
UVSP	B	0.58%
PATK	C	0.57%
SEI	A	0.56%
HBNC	B	0.56%
CTBI	B	0.56%
LOB	C	0.55%
GABC	B	0.55%
KBH	D	0.55%
AKR	B	0.55%
TMHC	C	0.54%
PFC	B	0.54%
DCOM	B	0.54%
STGW	A	0.52%
UVE	B	0.52%
BY	B	0.52%
NIC	B	0.52%
REZI	A	0.52%
HWC	B	0.52%
CNO	B	0.52%
GHC	B	0.52%
KFY	B	0.52%
SRCE	B	0.51%
ASB	B	0.51%
GMS	B	0.51%
FRME	B	0.51%
FMBH	B	0.51%
EFSC	B	0.51%
JAKK	C	0.5%
CNOB	B	0.5%
TOWN	B	0.5%
TPH	D	0.5%
UBSI	B	0.49%
HOPE	C	0.49%
ONB	C	0.49%
TCBI	C	0.49%
UNFI	A	0.49%
TMP	B	0.49%
HOMB	A	0.48%
THFF	B	0.48%
BXC	B	0.48%
MTH	D	0.48%
INVA	D	0.48%
WASH	C	0.48%
TCBK	C	0.48%
PRG	C	0.47%
SPNT	B	0.47%
MCS	B	0.47%
AVNT	B	0.47%
MBIN	F	0.47%
STEL	B	0.46%
CFFN	C	0.46%
WAFD	B	0.46%
PGC	B	0.46%
NFBK	C	0.46%
RDN	D	0.45%
NMIH	C	0.45%
BUSE	B	0.45%
BZH	C	0.45%
LZB	B	0.45%
PEBO	B	0.45%
NTB	B	0.45%
FFIC	B	0.44%
CVLG	B	0.44%
SIG	B	0.44%
BCC	B	0.44%
OSBC	A	0.44%
CCS	D	0.43%
BANC	B	0.43%
VSTO	A	0.43%
CVBF	A	0.43%
FIBK	B	0.43%
ESGR	B	0.43%
UFPI	C	0.42%
FDP	B	0.42%
AMWD	C	0.42%
HCC	B	0.42%
ACT	C	0.41%
HTBK	B	0.41%
HUBG	A	0.41%
SBSI	C	0.4%
WKC	C	0.4%
SCS	C	0.39%
MGY	A	0.39%
OBK	C	0.39%
EGY	D	0.39%
ALE	A	0.39%
SXC	A	0.39%
VLY	B	0.38%
MD	C	0.38%
ESNT	F	0.38%
BNL	D	0.38%
METC	C	0.37%
ABG	C	0.37%
HTH	C	0.37%
NWE	B	0.37%
ARCB	C	0.36%
AEO	F	0.36%
FOR	F	0.36%
SM	B	0.36%
MNRO	D	0.35%
JBGS	F	0.35%
DEA	D	0.35%
NX	C	0.35%
REPX	A	0.35%
WERN	C	0.34%
CRC	A	0.34%
ATSG	B	0.34%
CAL	F	0.34%
AOSL	C	0.33%
GEF	A	0.33%
NOG	B	0.33%
APLE	B	0.33%
WGO	C	0.33%
LCII	C	0.32%
ETD	C	0.32%
MLKN	F	0.32%
RLJ	C	0.32%
INSW	F	0.31%
ARCH	B	0.31%
ASIX	B	0.31%
LPG	F	0.31%
ARKO	C	0.3%
ANDE	D	0.3%
RMR	F	0.3%
WNC	C	0.3%
HNRG	B	0.3%
IIIN	C	0.3%
HTLD	C	0.28%
SPTN	D	0.27%
KELYA	F	0.27%
LXU	B	0.27%
RYI	C	0.27%
HPK	B	0.27%
REI	D	0.26%
THRY	D	0.24%
CLW	F	0.23%
WS	C	0.23%
TALO	C	0.23%
FLGT	F	0.22%
DK	C	0.22%
MTUS	C	0.22%
OIS	B	0.21%
VSH	F	0.21%
TH	C	0.19%
CMT	C	0.19%
PTEN	C	0.19%
BRY	F	0.18%
RGP	F	0.18%
DAN	D	0.18%
TWI	F	0.17%
XRX	F	0.17%
TBI	F	0.16%
HDSN	F	0.15%
CVGI	F	0.11%
BOOM	F	0.11%
JRVR	F	0.1%
MED	D	0.08%
DTC	F	0.07%
CATY	B	0.0%
GDOT	D	0.0%
PRDO	B	0.0%
PPBI	C	0.0%
EIG	B	0.0%
EGBN	B	0.0%
TRST	B	0.0%
SBCF	B	0.0%
WABC	B	0.0%
HMN	B	0.0%
BRKL	B	0.0%
RNST	B	0.0%
NWBI	B	0.0%
SFNC	C	0.0%
INDB	B	0.0%
OFG	B	0.0%
FFBC	B	0.0%
BHLB	B	0.0%
FBP	C	0.0%
FCF	B	0.0%
HAFC	B	0.0%
PFBC	B	0.0%
STBA	B	0.0%
NBTB	B	0.0%
WSFS	B	0.0%
HFWA	C	0.0%
NBHC	C	0.0%
VBTX	B	0.0%
STC	B	0.0%
FBNC	B	0.0%
BANR	B	0.0%
FULT	A	0.0%
TRMK	C	0.0%
CADE	B	0.0%
ABCB	B	0.0%
CPF	B	0.0%
AX	B	0.0%
PFS	B	0.0%
AUB	B	0.0%

SVAL Underweight 256 Positions Relative to EHLS

Symbol	Grade	Weight
SPOT	B	-2.25%
BMA	C	-2.14%
CSWI	B	-2.03%
QTWO	A	-1.82%
HWM	A	-1.8%
NVDA	B	-1.72%
GDS	C	-1.71%
LMB	B	-1.7%
IRM	C	-1.68%
PIPR	A	-1.67%
META	D	-1.64%
SLG	B	-1.62%
MSI	B	-1.57%
USLM	A	-1.53%
CTAS	B	-1.48%
HWKN	B	-1.46%
GVA	A	-1.41%
IGIC	B	-1.33%
VST	A	-1.31%
SE	A	-1.3%
FICO	B	-1.3%
CVNA	B	-1.29%
CRS	B	-1.27%
CW	C	-1.26%
ADMA	B	-1.26%
WELL	A	-1.25%
PLTR	B	-1.25%
BK	A	-1.24%
TPB	B	-1.24%
CEG	C	-1.21%
SFM	A	-1.2%
CLBT	B	-1.2%
NRG	B	-1.2%
SKT	A	-1.14%
REAX	D	-1.1%
PAM	A	-1.09%
RDNT	B	-1.08%
SLVM	B	-1.06%
ARES	A	-1.05%
DASH	B	-1.05%
FTDR	B	-1.04%
TRGP	A	-1.03%
TPL	A	-1.02%
HOOD	B	-1.01%
BRO	B	-1.0%
AXP	A	-1.0%
THC	D	-0.98%
CBRE	B	-0.98%
RSI	A	-0.98%
TMUS	B	-0.96%
NPAB	F	-0.92%
EDN	B	-0.92%
WAB	B	-0.89%
ANET	C	-0.88%
JXN	C	-0.87%
GLNG	C	-0.86%
PNTG	D	-0.84%
MOD	A	-0.82%
IESC	C	-0.79%
COOP	B	-0.78%
ISRG	A	-0.76%
KKR	A	-0.76%
EME	A	-0.75%
BSX	A	-0.71%
PSN	D	-0.7%
CDNA	D	-0.62%
HLNE	B	-0.62%
AMAL	B	-0.56%
AIT	B	-0.55%
ALSN	B	-0.55%
NBN	C	-0.54%
BBSI	B	-0.54%
FTI	A	-0.53%
CNK	C	-0.51%
PKG	A	-0.49%
TWLO	A	-0.49%
VERX	A	-0.49%
CLH	C	-0.48%
PGR	A	-0.48%
FI	A	-0.48%
TYL	B	-0.48%
QFIN	A	-0.47%
HUBB	B	-0.46%
MMYT	B	-0.46%
GRBK	D	-0.46%
POWL	C	-0.45%
UFPT	C	-0.44%
RNA	C	-0.44%
ALHC	C	-0.42%
CACI	D	-0.42%
RKLB	A	-0.39%
WULF	C	-0.34%
YPF	B	-0.32%
TCBX	B	-0.3%
FRHC	B	-0.28%
KTB	B	-0.27%
MUSA	B	-0.27%
PPTA	C	-0.27%
EXLS	B	-0.26%
LYV	A	-0.26%
SOFI	B	-0.25%
MLR	C	-0.25%
PEGA	B	-0.25%
SNEX	B	-0.25%
ONON	A	-0.24%
BBW	C	-0.24%
GATO	C	-0.23%
TRUP	B	-0.23%
EXEL	B	-0.23%
AORT	B	-0.22%
CSTM	F	--0.07%
NEP	F	--0.09%
SPT	C	--0.14%
AMN	F	--0.16%
VSAT	F	--0.16%
AES	F	--0.17%
PGNY	F	--0.17%
APTV	F	--0.18%
ENPH	F	--0.18%
WU	F	--0.18%
FLNG	C	--0.19%
W	D	--0.2%
BEN	C	--0.2%
COLD	D	--0.2%
VAL	F	--0.2%
AMRC	F	--0.2%
WRLD	C	--0.2%
ASH	F	--0.21%
ELF	C	--0.21%
DG	F	--0.21%
ADNT	F	--0.21%
WSC	F	--0.21%
ASML	F	--0.22%
IGT	F	--0.22%
ENOV	C	--0.22%
FIVE	F	--0.22%
AVTR	F	--0.22%
DOOO	F	--0.22%
LEA	F	--0.22%
CSGP	D	--0.23%
MRK	D	--0.23%
ROG	D	--0.23%
DLB	B	--0.23%
NTST	C	--0.23%
APA	D	--0.23%
IMCR	D	--0.23%
NKE	F	--0.23%
TEX	F	--0.23%
ELV	F	--0.23%
MCHP	F	--0.23%
OLN	F	--0.23%
NUE	C	--0.23%
SCL	C	--0.24%
OMI	F	--0.24%
ENTG	D	--0.24%
CWT	C	--0.24%
WPC	C	--0.24%
NSP	F	--0.24%
APLS	F	--0.24%
PLD	F	--0.24%
PD	C	--0.24%
ETSY	D	--0.24%
SITE	F	--0.24%
CC	C	--0.24%
ADM	D	--0.25%
HSY	F	--0.25%
JBSS	F	--0.25%
AKAM	D	--0.25%
OTEX	F	--0.25%
FTV	C	--0.25%
PCH	F	--0.25%
IPG	D	--0.25%
MTN	C	--0.25%
FUL	F	--0.25%
PEP	F	--0.25%
F	C	--0.25%
GIS	D	--0.25%
REXR	F	--0.25%
ALV	C	--0.25%
MGM	D	--0.26%
GO	C	--0.26%
BG	D	--0.26%
THS	D	--0.26%
ARE	F	--0.26%
STZ	D	--0.26%
ALGM	D	--0.26%
IAC	F	--0.26%
CTRA	B	--0.26%
HDB	C	--0.26%
FMX	F	--0.26%
SON	F	--0.26%
CALX	D	--0.27%
DVN	F	--0.27%
COHU	C	--0.27%
HXL	F	--0.27%
ON	D	--0.27%
MTDR	B	--0.27%
SLAB	F	--0.27%
CNI	F	--0.27%
CWH	B	--0.27%
CDW	F	--0.27%
YELP	C	--0.28%
ALB	B	--0.28%
OKTA	C	--0.28%
VTLE	C	--0.28%
VRSN	C	--0.28%
MRTN	D	--0.28%
CRL	D	--0.28%
USPH	B	--0.28%
SJW	F	--0.28%
PZZA	F	--0.28%
CENTA	C	--0.28%
TDC	D	--0.29%
FIVN	C	--0.29%
UGI	C	--0.29%
SJM	D	--0.29%
CHRD	D	--0.29%
LKQ	F	--0.29%
AMRK	F	--0.29%
AIN	C	--0.29%
MOS	F	--0.29%
URBN	C	--0.29%
CENT	C	--0.29%
SLB	C	--0.29%
TMO	F	--0.29%
SIGI	C	--0.29%
RPD	B	--0.29%
CIVI	D	--0.29%
EXC	C	--0.3%
PINS	F	--0.3%
ES	C	--0.3%
EG	C	--0.3%
SNOW	B	--0.3%
WFRD	D	--0.3%
RIO	D	--0.3%
HES	B	--0.3%
AVA	A	--0.3%
AWK	C	--0.3%
PPG	F	--0.3%
EVTC	B	--0.3%
IDXX	F	--0.3%
HELE	C	--0.3%
ACI	C	--0.3%
DIOD	D	--0.3%
KMX	B	--0.31%
OXM	F	--0.31%
ZD	B	--0.31%
IRTC	C	--0.32%
CAR	C	--0.32%
VLO	C	--0.32%
ALRM	C	--0.32%
TENB	C	--0.33%
OVV	B	--0.33%
NARI	C	--0.34%
UPS	C	--0.37%
PRGO	C	--0.44%