BOAT vs. EHLS ETF Comparison

Comparison of SonicShares Global Shipping ETF (BOAT) to Even Herd Long Short ETF (EHLS)

BOAT

SonicShares Global Shipping ETF

BOAT Description

The investment seeks to track the performance, before fees and expenses, of the Solactive Global Shipping Index. The index is a rules-based index that seeks to provide exposure to a global portfolio of companies identified as being engaged in the water transportation industry. Under normal circumstances, at least 80% of the fund?s net assets, plus borrowings for investment purposes, will be invested in Global Shipping Companies. It also may invest in securities or other investments not included in the index, but which the fund?s investment adviser believes will help it track the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$37.92

Average Daily Volume

25,590

Number of Holdings ^*

22

* 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

$20.38

Average Daily Volume

2,646

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	BOAT	EHLS
30 Days	-0.28%	-1.14%
60 Days	16.05%	1.07%
90 Days	26.18%	1.87%
12 Months	53.87%

1 Overlapping Holdings

	Symbol	Grade	Weight in BOAT	Weight in EHLS	Overlap
	ZIM	B	2.07%	2.2%	2.07%

BOAT Overweight 21 Positions Relative to EHLS

	Symbol	Grade	Weight
	STNG	B	4.66%
	MATX	B	4.1%
	INSW	B	4.09%
	SBLK	C	2.53%
	GOGL	C	2.43%
	BWLP	C	2.19%
	TNK	B	1.79%
	CMRE	B	1.77%
	DHT	D	1.67%
	SFL	B	1.63%
	DAC	B	1.57%
	LPG	D	1.52%
	FLNG	C	1.28%
	NVGS	A	1.07%
	ECO	D	0.9%
	GSL	B	0.9%
	ASC	B	0.81%
	GNK	C	0.79%
	NAT	C	0.74%
	SB	B	0.57%
	DSX	D	0.26%

BOAT Underweight 9 Positions Relative to EHLS

	Symbol	Grade	Weight
	VST	C	-2.42%
	NRG	C	-1.98%
	EME	D	-1.97%
	REVG	C	-1.94%
	SFM	B	-1.88%
	THC	B	-1.87%
	JXN	B	-1.82%
	VCTR	C	-1.82%
	VITL	B	-1.82%

BOAT: Top Represented Industries & Keywords

Industries: Shipping & Ports Marine Shipping Integrated Shipping & Logistics Oil & Gas Midstream

Keywords: Ships Tanker Maritime Transport Shipping Freight Transport Oil Tanker Bulk Carrier Panamax Transport Capesize Container Ship Handymax Seaborne Transportation Shipping Companies Water Transport Aframax Bulk Cargo Containerization Crude Oil Dryships

EHLS: Top Represented Industries & Keywords

Industries: Asset Management Utilities - Independent Power Producers Engineering & Construction Farm Products Grocery Stores Marine Shipping Medical Care Recreational Vehicles

Keywords: Electricity IBD 50 Retail Electricity S&P 500 Transport Acute Care Acute Care Hospitals Acute Care Services Alarms Ambulance Ambulatory Care Annuities Annuity Products Applied Sciences Bakery Bakery Products Beer Bone Bone Marrow Building Engineering