VCLT vs. DWSH ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to AdvisorShares Dorsey Wright Short ETF (DWSH)

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$79.50

Average Daily Volume

2,556,246

Number of Holdings ^*

338

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.25

Average Daily Volume

25,681

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	DWSH
30 Days	0.06%	-3.63%
60 Days	2.12%	-4.41%
90 Days	5.30%	-5.17%
12 Months	20.46%	-17.83%

23 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in DWSH	Overlap
AAL	D	0.03%	-0.91%	-0.91%
ADM	F	0.01%	-0.98%	-0.98%
ALB	D	0.01%	-0.91%	-0.91%
BA	F	0.01%	-0.81%	-0.81%
BAX	D	0.02%	-0.95%	-0.95%
BEN	F	0.01%	-0.82%	-0.82%
BIIB	F	0.05%	-0.76%	-0.76%
CVS	D	0.01%	-0.95%	-0.95%
DG	F	0.03%	-0.64%	-0.64%
EL	D	0.01%	-0.9%	-0.9%
FMC	C	0.02%	-0.94%	-0.94%
GPN	F	0.04%	-0.92%	-0.92%
HAL	D	0.02%	-0.99%	-0.99%
HUM	F	0.01%	-0.61%	-0.61%
INTC	D	0.03%	-1.0%	-1.0%
KSS	D	0.02%	-0.91%	-0.91%
LEA	F	0.03%	-0.86%	-0.86%
MOS	F	0.02%	-0.83%	-0.83%
NKE	D	0.01%	-0.78%	-0.78%
TAP	D	0.05%	-1.0%	-1.0%
UPS	D	0.02%	-0.79%	-0.79%
WBA	F	0.04%	-0.68%	-0.68%
WHR	C	0.02%	-1.07%	-1.07%

VCLT Overweight 315 Positions Relative to DWSH

Symbol	Grade	Weight
WIT	C	0.21%
DELL	C	0.11%
EQH	B	0.09%
MDT	C	0.08%
FITB	C	0.07%
WY	C	0.07%
FOXA	B	0.07%
DD	C	0.07%
CSCO	A	0.07%
AXP	A	0.06%
COST	C	0.06%
HPQ	B	0.06%
HCA	C	0.06%
CARR	A	0.06%
CAG	D	0.05%
SCCO	B	0.05%
CRM	B	0.05%
MS	A	0.05%
AMZN	C	0.05%
L	C	0.04%
LIN	C	0.04%
NXPI	F	0.04%
DT	B	0.04%
BHF	D	0.04%
TJX	D	0.04%
JNPR	C	0.04%
NEM	C	0.04%
HPE	B	0.04%
GOOGL	B	0.04%
BHP	B	0.04%
AVGO	B	0.04%
ORCL	A	0.04%
AAPL	C	0.04%
ORI	A	0.03%
FTV	C	0.03%
FANG	D	0.03%
CFG	C	0.03%
STE	D	0.03%
WU	D	0.03%
WM	B	0.03%
NOV	F	0.03%
MLM	F	0.03%
OHI	C	0.03%
LH	D	0.03%
CPT	C	0.03%
PKG	B	0.03%
PYPL	A	0.03%
RPM	A	0.03%
SPGI	C	0.03%
CME	A	0.03%
CF	A	0.03%
RPRX	D	0.03%
APD	C	0.03%
AMT	D	0.03%
AMAT	C	0.03%
EBAY	A	0.03%
DVN	F	0.03%
MDLZ	D	0.03%
MAR	A	0.03%
ITW	C	0.03%
CB	A	0.03%
VLO	F	0.03%
RJF	B	0.03%
NVDA	B	0.03%
MUFG	D	0.03%
VTRS	D	0.03%
PSX	D	0.03%
MPLX	B	0.03%
ALLY	F	0.03%
TMUS	A	0.03%
CHTR	D	0.03%
ABT	C	0.03%
BMY	A	0.03%
ABBV	C	0.03%
WPC	C	0.02%
PWR	A	0.02%
PECO	C	0.02%
SCHW	D	0.02%
REGN	D	0.02%
CHD	D	0.02%
ZBH	F	0.02%
STLD	C	0.02%
FE	C	0.02%
CMI	A	0.02%
CL	D	0.02%
CINF	A	0.02%
OGS	C	0.02%
LHX	A	0.02%
O	C	0.02%
IVZ	A	0.02%
HRL	F	0.02%
HOG	D	0.02%
SBRA	C	0.02%
TEL	D	0.02%
AFG	A	0.02%
CPB	D	0.02%
VMI	B	0.02%
XYL	C	0.02%
WTRG	D	0.02%
AJG	C	0.02%
AVY	D	0.02%
MKC	C	0.02%
NWE	C	0.02%
MSI	A	0.02%
K	B	0.02%
PAA	B	0.02%
LRCX	D	0.02%
GWW	B	0.02%
KLAC	B	0.02%
EMN	C	0.02%
ADI	B	0.02%
ROK	D	0.02%
PH	A	0.02%
SYK	C	0.02%
NDAQ	C	0.02%
LNC	B	0.02%
FIS	A	0.02%
VRSK	D	0.02%
EG	A	0.02%
ES	D	0.02%
STZ	D	0.02%
OTIS	A	0.02%
MCO	D	0.02%
AFL	A	0.02%
CCI	D	0.02%
CP	C	0.02%
NI	A	0.02%
TXN	C	0.02%
SWK	C	0.02%
DHR	D	0.02%
DE	C	0.02%
TGT	C	0.02%
HES	D	0.02%
CVX	B	0.02%
DOW	B	0.02%
TSN	D	0.02%
ECL	C	0.02%
MPC	D	0.02%
EPD	A	0.02%
JNJ	D	0.02%
PEP	F	0.02%
ICE	A	0.02%
PM	D	0.02%
MA	A	0.02%
WMT	A	0.02%
NOC	B	0.02%
MET	A	0.02%
QCOM	D	0.02%
IBM	A	0.02%
GILD	A	0.02%
CI	D	0.02%
COP	D	0.02%
RTX	A	0.02%
PFE	D	0.02%
XOM	A	0.02%
AZN	D	0.02%
HSBC	A	0.02%
VOD	D	0.02%
GSK	F	0.02%
V	B	0.02%
BAC	B	0.02%
GE	B	0.02%
HIW	C	0.01%
FRT	D	0.01%
AGO	B	0.01%
AMH	D	0.01%
EXR	D	0.01%
BXP	B	0.01%
BWA	C	0.01%
AVA	D	0.01%
APTV	D	0.01%
DRI	C	0.01%
INGR	B	0.01%
IDA	D	0.01%
EMR	B	0.01%
MAA	D	0.01%
LXP	D	0.01%
OPI	F	0.01%
JD	A	0.01%
SIGI	D	0.01%
EA	D	0.01%
DOC	C	0.01%
ADC	C	0.01%
CACC	F	0.01%
FNF	C	0.01%
AES	C	0.01%
PHM	C	0.01%
PFG	A	0.01%
PEG	A	0.01%
VTR	C	0.01%
OGE	C	0.01%
ESS	D	0.01%
MAS	C	0.01%
RF	B	0.01%
REG	C	0.01%
EE	B	0.01%
BKH	C	0.01%
SWX	C	0.01%
VOYA	A	0.01%
SNA	C	0.01%
DOV	C	0.01%
KRC	C	0.01%
EQIX	C	0.01%
KIM	C	0.01%
UDR	C	0.01%
TT	A	0.01%
UAL	A	0.01%
MKL	B	0.01%
HSY	D	0.01%
IPG	D	0.01%
KOF	D	0.01%
EOG	B	0.01%
CAH	B	0.01%
WELL	C	0.01%
WRB	C	0.01%
PNW	C	0.01%
PLD	D	0.01%
SJM	D	0.01%
RSG	D	0.01%
PG	D	0.01%
DTE	B	0.01%
HIG	A	0.01%
JEF	A	0.01%
IFF	D	0.01%
HAS	A	0.01%
EVRG	C	0.01%
ETN	B	0.01%
AWK	D	0.01%
AVB	C	0.01%
UNM	A	0.01%
WEC	B	0.01%
EQR	C	0.01%
ATO	A	0.01%
AEP	C	0.01%
AEE	A	0.01%
AON	A	0.01%
ZTS	C	0.01%
SRE	C	0.01%
PGR	B	0.01%
VMC	D	0.01%
NNN	C	0.01%
NEE	C	0.01%
NUE	D	0.01%
KDP	C	0.01%
EXC	C	0.01%
CNP	B	0.01%
CMS	A	0.01%
LNT	B	0.01%
OC	C	0.01%
ACGL	A	0.01%
XEL	C	0.01%
SPG	A	0.01%
WLK	C	0.01%
PPL	C	0.01%
GLW	C	0.01%
JCI	C	0.01%
ALL	A	0.01%
TRV	B	0.01%
TMO	D	0.01%
MMC	D	0.01%
LLY	D	0.01%
HON	C	0.01%
JBLU	B	0.01%
KR	C	0.01%
FDX	F	0.01%
D	A	0.01%
CSX	D	0.01%
EIX	C	0.01%
ED	C	0.01%
KMB	D	0.01%
ETR	A	0.01%
ARE	D	0.01%
PRU	B	0.01%
SBUX	B	0.01%
IP	C	0.01%
GIS	C	0.01%
KMI	A	0.01%
GD	C	0.01%
WMB	A	0.01%
SHW	C	0.01%
LYB	B	0.01%
OKE	A	0.01%
DUK	C	0.01%
MRO	B	0.01%
NSC	C	0.01%
LOW	C	0.01%
GM	D	0.01%
BSX	A	0.01%
CAT	A	0.01%
AIG	C	0.01%
LMT	A	0.01%
ET	A	0.01%
SO	A	0.01%
SYY	D	0.01%
MMM	C	0.01%
MO	D	0.01%
MCD	A	0.01%
MRK	F	0.01%
UNP	F	0.01%
UNH	B	0.01%
DIS	D	0.01%
BABA	A	0.01%
BDX	C	0.01%
C	B	0.01%
PCG	C	0.01%
KO	C	0.01%
JPM	C	0.01%
HD	A	0.01%
AMGN	D	0.01%
CMCSA	B	0.01%
VZ	C	0.01%
WFC	B	0.01%
MSFT	D	0.01%
T	B	0.01%
GS	B	0.01%

VCLT Underweight 74 Positions Relative to DWSH

Symbol	Grade	Weight
VSAT	F	--0.64%
NUS	F	--0.68%
HPP	F	--0.69%
TDC	D	--0.72%
PTEN	F	--0.72%
AAP	F	--0.73%
HLF	F	--0.73%
CC	D	--0.74%
SVC	D	--0.74%
VC	F	--0.75%
IPGP	D	--0.75%
ZD	D	--0.77%
APA	F	--0.78%
TRIP	D	--0.78%
TECH	D	--0.79%
PII	D	--0.79%
JAZZ	F	--0.79%
SAGE	F	--0.79%
IART	F	--0.79%
VAC	D	--0.8%
XRAY	D	--0.81%
ADNT	F	--0.82%
LKQ	F	--0.84%
CABO	F	--0.84%
PRGO	F	--0.84%
RIG	F	--0.84%
ENOV	F	--0.84%
XRX	D	--0.86%
ULTA	D	--0.87%
COTY	F	--0.87%
WEN	B	--0.87%
MTN	D	--0.87%
DAN	D	--0.89%
DXCM	F	--0.89%
WST	D	--0.9%
LUV	B	--0.9%
RES	C	--0.9%
CBRL	D	--0.9%
GT	F	--0.91%
LEG	D	--0.91%
DINO	F	--0.92%
EW	F	--0.93%
DLTR	F	--0.93%
HUN	B	--0.94%
RHI	D	--0.94%
WBD	F	--0.94%
RLJ	D	--0.94%
M	D	--0.95%
LPLA	D	--0.95%
OI	D	--0.95%
SLAB	D	--0.95%
BRKR	D	--0.95%
ALGN	D	--0.96%
SNAP	D	--0.96%
VYX	C	--0.97%
JBHT	D	--0.97%
OLN	D	--0.97%
EPAM	F	--0.99%
BBWI	F	--1.0%
AGCO	D	--1.01%
AKAM	D	--1.01%
VRSN	C	--1.01%
UHAL	C	--1.04%
W	C	--1.04%
LVS	B	--1.04%
LW	D	--1.07%
ODFL	F	--1.07%
PAYC	D	--1.08%
HAIN	C	--1.11%
NWL	D	--1.12%
ILMN	B	--1.17%
DXC	C	--1.18%
WYNN	B	--1.18%
ATUS	C	--1.32%