ACWV vs. EHLS ETF Comparison

Comparison of iShares MSCI All Country World Minimum Volatility Index Fund (ACWV) to Even Herd Long Short ETF (EHLS)

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$112.10

Average Daily Volume

118,828

Number of Holdings ^*

139

* 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

$22.81

Average Daily Volume

2,628

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	ACWV	EHLS
30 Days	-2.64%	7.07%
60 Days	-1.27%	8.87%
90 Days	0.23%	12.81%
12 Months	17.57%

19 Overlapping Holdings

Symbol	Grade	Weight in ACWV	Weight in EHLS	Overlap
ACI	C	0.05%	-0.3%	-0.3%
AKAM	F	0.27%	-0.25%	-0.25%
ANET	C	0.06%	0.88%	0.06%
BRO	B	0.3%	1.0%	0.3%
EG	D	0.1%	-0.3%	-0.3%
ELV	F	0.42%	-0.23%	-0.23%
FI	A	0.48%	0.48%	0.48%
FICO	B	0.12%	1.3%	0.12%
GIS	F	0.61%	-0.25%	-0.25%
HSY	F	0.44%	-0.25%	-0.25%
MRK	F	1.06%	-0.23%	-0.23%
MSI	B	1.88%	1.57%	1.57%
PEP	F	1.08%	-0.25%	-0.25%
PGR	B	0.84%	0.48%	0.48%
SJM	D	0.27%	-0.29%	-0.29%
TMUS	B	2.03%	0.96%	0.96%
TPL	A	0.1%	1.02%	0.1%
TRGP	A	0.08%	1.03%	0.08%
VRSN	F	0.35%	-0.28%	-0.28%

ACWV Overweight 120 Positions Relative to EHLS

Symbol	Grade	Weight
WMT	A	1.82%
CSCO	B	1.57%
WM	B	1.5%
MCK	A	1.42%
ROP	C	1.36%
RSG	A	1.19%
VRTX	D	1.13%
JNJ	D	1.05%
COR	B	1.05%
MCD	D	1.02%
BRK.A	B	0.91%
CB	C	0.88%
MMC	D	0.88%
ED	C	0.84%
UNH	C	0.83%
KR	B	0.83%
PG	C	0.82%
DUK	C	0.81%
SO	C	0.8%
NOC	D	0.77%
AZO	C	0.77%
VZ	C	0.76%
MSFT	D	0.76%
IBM	C	0.73%
WEC	A	0.68%
GDDY	A	0.64%
EA	A	0.63%
ORLY	B	0.62%
REGN	F	0.61%
V	A	0.59%
K	B	0.57%
ACGL	D	0.57%
CBOE	C	0.54%
APH	B	0.54%
ORCL	A	0.54%
LLY	F	0.52%
ABBV	F	0.49%
GILD	C	0.48%
CHD	A	0.46%
MKL	A	0.43%
WRB	B	0.41%
KEYS	C	0.41%
L	A	0.4%
UTHR	C	0.4%
WCN	A	0.39%
INCY	C	0.38%
CHT	C	0.37%
TJX	A	0.37%
BAH	D	0.37%
KDP	D	0.36%
FFIV	B	0.36%
CL	D	0.35%
AON	B	0.35%
AMGN	D	0.34%
KHC	F	0.33%
AJG	B	0.33%
TRV	A	0.32%
TSN	B	0.32%
JNPR	D	0.32%
NBIX	C	0.31%
HUM	D	0.31%
GEN	B	0.3%
KMB	C	0.3%
T	A	0.26%
ACN	C	0.26%
ERIE	F	0.26%
MDLZ	F	0.25%
BMY	A	0.25%
CF	A	0.25%
CI	D	0.24%
YUM	D	0.24%
FCNCA	A	0.23%
LMT	D	0.23%
CME	A	0.23%
HRL	D	0.23%
FWONK	B	0.22%
PTC	B	0.22%
BDX	F	0.22%
CPB	D	0.22%
CTSH	C	0.21%
ROL	B	0.21%
MFG	A	0.21%
JKHY	D	0.2%
MA	B	0.19%
BMRN	F	0.19%
DPZ	C	0.19%
CAH	B	0.18%
GD	D	0.18%
LNG	A	0.16%
ULTA	F	0.16%
CMS	C	0.16%
MPC	D	0.15%
DGX	A	0.15%
AIZ	A	0.13%
WIT	B	0.12%
CTVA	C	0.12%
MOH	F	0.12%
MNST	C	0.12%
AZPN	A	0.11%
TDY	B	0.11%
AEE	A	0.11%
XEL	A	0.11%
WTW	B	0.1%
XOM	B	0.1%
WDAY	C	0.1%
PCG	A	0.1%
ABT	A	0.1%
NEM	D	0.09%
AEP	C	0.07%
IT	C	0.07%
KNX	B	0.06%
DINO	D	0.06%
FANG	D	0.06%
CHRW	B	0.06%
CAG	F	0.05%
GPC	F	0.05%
HOLX	D	0.05%
KO	D	0.05%
HSIC	C	0.05%
HKD	F	0.0%

ACWV Underweight 252 Positions Relative to EHLS

Symbol	Grade	Weight
SPOT	B	-2.25%
BMA	B	-2.14%
CSWI	A	-2.03%
QTWO	B	-1.82%
HWM	A	-1.8%
NVDA	A	-1.72%
GDS	C	-1.71%
LMB	A	-1.7%
IRM	C	-1.68%
PIPR	B	-1.67%
META	C	-1.64%
SLG	B	-1.62%
USLM	A	-1.53%
CTAS	B	-1.48%
HWKN	B	-1.46%
GVA	A	-1.41%
IGIC	A	-1.33%
VST	A	-1.31%
SE	A	-1.3%
CVNA	A	-1.29%
CRS	A	-1.27%
CW	B	-1.26%
ADMA	C	-1.26%
WELL	A	-1.25%
PLTR	A	-1.25%
BK	B	-1.24%
TPB	A	-1.24%
CEG	C	-1.21%
SFM	A	-1.2%
CLBT	B	-1.2%
NRG	B	-1.2%
SKT	A	-1.14%
REAX	C	-1.1%
PAM	A	-1.09%
RDNT	B	-1.08%
SLVM	C	-1.06%
ARES	A	-1.05%
DASH	A	-1.05%
FTDR	B	-1.04%
HOOD	A	-1.01%
AXP	B	-1.0%
THC	C	-0.98%
CBRE	B	-0.98%
RSI	B	-0.98%
NPAB	F	-0.92%
EDN	A	-0.92%
WAB	B	-0.89%
JXN	C	-0.87%
GLNG	D	-0.86%
PNTG	D	-0.84%
MOD	A	-0.82%
IESC	A	-0.79%
COOP	B	-0.78%
SKYW	B	-0.76%
CNX	A	-0.76%
ISRG	A	-0.76%
KKR	A	-0.76%
EME	A	-0.75%
BSX	A	-0.71%
PSN	C	-0.7%
CDNA	D	-0.62%
HLNE	A	-0.62%
CCB	A	-0.56%
AMAL	B	-0.56%
AIT	B	-0.55%
ALSN	B	-0.55%
NBN	B	-0.54%
BBSI	B	-0.54%
FTI	A	-0.53%
CNK	A	-0.51%
PKG	B	-0.49%
TWLO	A	-0.49%
VERX	A	-0.49%
CLH	C	-0.48%
TYL	B	-0.48%
QFIN	B	-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	C	-0.42%
RKLB	B	-0.39%
WULF	C	-0.34%
YPF	A	-0.32%
TCBX	A	-0.3%
CEIX	A	-0.3%
FRHC	A	-0.28%
KTB	A	-0.27%
MUSA	B	-0.27%
PPTA	B	-0.27%
CASH	B	-0.27%
EXLS	B	-0.26%
LYV	A	-0.26%
SOFI	A	-0.25%
MLR	C	-0.25%
PEGA	B	-0.25%
SNEX	B	-0.25%
MATX	B	-0.24%
ONON	B	-0.24%
BBW	B	-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%
CVI	D	--0.15%
AMN	F	--0.16%
VSAT	F	--0.16%
AES	F	--0.17%
PGNY	F	--0.17%
STNG	D	--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	F	--0.2%
VAL	F	--0.2%
AMRC	F	--0.2%
WRLD	D	--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%
PARR	F	--0.22%
FIVE	F	--0.22%
AVTR	F	--0.22%
DOOO	F	--0.22%
LEA	F	--0.22%
CSGP	F	--0.23%
ROG	D	--0.23%
DLB	F	--0.23%
NTST	D	--0.23%
APA	F	--0.23%
IMCR	C	--0.23%
NKE	F	--0.23%
TEX	D	--0.23%
MCHP	F	--0.23%
OLN	F	--0.23%
NUE	D	--0.23%
SCL	D	--0.24%
OMI	F	--0.24%
ENTG	F	--0.24%
CWT	C	--0.24%
WPC	C	--0.24%
ODP	F	--0.24%
NSP	F	--0.24%
WOR	F	--0.24%
APLS	F	--0.24%
PLD	D	--0.24%
PD	C	--0.24%
ETSY	D	--0.24%
SITE	D	--0.24%
CC	D	--0.24%
ADM	D	--0.25%
JBSS	F	--0.25%
OTEX	F	--0.25%
FTV	D	--0.25%
PCH	D	--0.25%
IPG	F	--0.25%
MTN	C	--0.25%
FUL	F	--0.25%
F	C	--0.25%
ATKR	D	--0.25%
REXR	F	--0.25%
ALV	C	--0.25%
MGM	D	--0.26%
GO	C	--0.26%
BG	D	--0.26%
THS	F	--0.26%
ARE	F	--0.26%
STZ	D	--0.26%
ALGM	F	--0.26%
IAC	D	--0.26%
CTRA	B	--0.26%
HDB	B	--0.26%
FMX	F	--0.26%
SON	F	--0.26%
CALX	D	--0.27%
DVN	F	--0.27%
COHU	D	--0.27%
HXL	F	--0.27%
ON	F	--0.27%
MTDR	C	--0.27%
SLAB	F	--0.27%
CNI	F	--0.27%
CWH	C	--0.27%
CDW	F	--0.27%
YELP	C	--0.28%
ALB	B	--0.28%
OKTA	D	--0.28%
VTLE	C	--0.28%
MUR	F	--0.28%
MRTN	C	--0.28%
CRL	D	--0.28%
USPH	C	--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%
HP	C	--0.29%
CHRD	F	--0.29%
LKQ	F	--0.29%
AMRK	F	--0.29%
AIN	C	--0.29%
MOS	D	--0.29%
URBN	C	--0.29%
CENT	C	--0.29%
SLB	C	--0.29%
TMO	F	--0.29%
SIGI	B	--0.29%
RPD	C	--0.29%
CIVI	D	--0.29%
EXC	C	--0.3%
PINS	F	--0.3%
ES	C	--0.3%
SNOW	C	--0.3%
WFRD	F	--0.3%
RIO	D	--0.3%
HES	B	--0.3%
AVA	C	--0.3%
AWK	C	--0.3%
PPG	F	--0.3%
EVTC	B	--0.3%
IDXX	F	--0.3%
HELE	C	--0.3%
DIOD	F	--0.3%
KMX	C	--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	D	--0.33%
OVV	C	--0.33%
NARI	C	--0.34%
AMR	C	--0.35%
UPS	C	--0.37%
PRGO	C	--0.44%