BSV vs. CBLS ETF Comparison

Comparison of Vanguard Short-Term Bond ETF (BSV) to Changebridge Capital Long/Short Equity ETF (CBLS)

BSV

Vanguard Short-Term Bond ETF

BSV Description

The investment seeks to track the performance of a market-weighted bond index with a short-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 1-5 Year Government/Credit Float Adjusted Index. This Index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 1 and 5 years and are publicly issued. 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 held in the index.

Grade (RS Rating)

Last Trade

$77.51

Average Daily Volume

2,089,462

Number of Holdings ^*

441

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.78

Average Daily Volume

2,122

Number of Holdings ^*

68

* may have additional holdings in another (foreign) market

Performance

Period	BSV	CBLS
30 Days	-0.28%	4.21%
60 Days	-1.26%	5.17%
90 Days	-0.34%	4.99%
12 Months	5.43%	35.40%

29 Overlapping Holdings

	Symbol	Grade	Weight in BSV	Weight in CBLS	Overlap
	AAPL	C	0.01%	2.97%	0.01%
	AER	B	0.01%	2.22%	0.01%
	AMZN	C	0.01%	1.96%	0.01%
	CAG	D	0.01%	-1.01%	-1.01%
	COST	B	0.01%	2.62%	0.01%
	D	C	0.01%	2.27%	0.01%
	DE	A	0.01%	-1.48%	-1.48%
	DELL	C	0.01%	2.93%	0.01%
	ETR	B	0.01%	1.96%	0.01%
	GD	F	0.01%	1.69%	0.01%
	GIS	D	0.01%	-0.5%	-0.5%
	HRB	D	0.01%	-0.5%	-0.5%
	HSY	F	0.01%	-1.69%	-1.69%
	INTC	D	0.01%	1.93%	0.01%
	INTU	C	0.01%	-0.51%	-0.51%
	JNJ	D	0.01%	-1.1%	-1.1%
	KDP	D	0.01%	-0.48%	-0.48%
	LLY	F	0.01%	-1.79%	-1.79%
	NEE	D	0.01%	2.14%	0.01%
	NVDA	C	0.01%	3.08%	0.01%
	ORCL	B	0.01%	2.06%	0.01%
	PEP	F	0.01%	-0.48%	-0.48%
	PFE	D	0.01%	-1.0%	-1.0%
	R	B	0.01%	-0.91%	-0.91%
	ROK	B	0.01%	-1.13%	-1.13%
	RTX	C	0.01%	1.72%	0.01%
	SCHW	B	0.01%	2.56%	0.01%
	SO	D	0.01%	2.24%	0.01%
	WMT	A	0.01%	2.03%	0.01%

BSV Overweight 412 Positions Relative to CBLS

	Symbol	Grade	Weight
	WIT	A	0.26%
	CARR	D	0.03%
	STLA	F	0.02%
	TAP	C	0.02%
	BIIB	F	0.02%
	KLAC	D	0.02%
	MDT	D	0.02%
	NOC	D	0.02%
	NI	A	0.02%
	VOD	F	0.02%
	ETN	A	0.02%
	MCHP	D	0.02%
	OTIS	C	0.02%
	DD	D	0.02%
	VZ	C	0.02%
	V	A	0.02%
	CHTR	C	0.02%
	NNN	D	0.01%
	NEU	C	0.01%
	NDAQ	A	0.01%
	NVT	B	0.01%
	NTAP	C	0.01%
	MOS	F	0.01%
	MAS	D	0.01%
	PCAR	B	0.01%
	MA	C	0.01%
	MLM	B	0.01%
	LNC	B	0.01%
	MHK	D	0.01%
	LIN	D	0.01%
	OGS	A	0.01%
	LDOS	C	0.01%
	MCO	B	0.01%
	IVZ	B	0.01%
	HRL	D	0.01%
	HP	B	0.01%
	HOG	D	0.01%
	JHG	A	0.01%
	HES	B	0.01%
	JEF	A	0.01%
	JD	D	0.01%
	IFF	D	0.01%
	HAS	D	0.01%
	L	A	0.01%
	JCI	C	0.01%
	H	B	0.01%
	GXO	B	0.01%
	KMPR	B	0.01%
	KMB	D	0.01%
	ES	D	0.01%
	EQR	B	0.01%
	EQH	B	0.01%
	EPR	D	0.01%
	DHI	D	0.01%
	FTNT	C	0.01%
	EL	F	0.01%
	EFX	F	0.01%
	FRT	B	0.01%
	DAL	C	0.01%
	EA	A	0.01%
	FNB	A	0.01%
	DXC	B	0.01%
	CSL	C	0.01%
	FMC	D	0.01%
	FLS	B	0.01%
	GBDC	C	0.01%
	BC	C	0.01%
	ALLE	D	0.01%
	BAX	D	0.01%
	AIZ	A	0.01%
	CNA	B	0.01%
	CMI	A	0.01%
	AVT	C	0.01%
	CLX	B	0.01%
	AVB	B	0.01%
	BRX	A	0.01%
	ATO	A	0.01%
	AEP	D	0.01%
	AEE	A	0.01%
	ADM	D	0.01%
	CHD	B	0.01%
	ARW	D	0.01%
	CF	B	0.01%
	BKU	A	0.01%
	CE	F	0.01%
	CDNS	B	0.01%
	AON	A	0.01%
	A	D	0.01%
	BEN	C	0.01%
	AN	C	0.01%
	CACC	D	0.01%
	CPT	B	0.01%
	BDN	C	0.01%
	BCSF	C	0.01%
	AMG	B	0.01%
	THG	A	0.01%
	UNM	A	0.01%
	WEC	A	0.01%
	TEL	B	0.01%
	WAL	B	0.01%
	SYK	C	0.01%
	SWK	D	0.01%
	VNT	B	0.01%
	TRMB	B	0.01%
	XEL	A	0.01%
	WPC	D	0.01%
	SLG	B	0.01%
	SKT	B	0.01%
	SITC	D	0.01%
	RS	B	0.01%
	ROST	C	0.01%
	PVH	C	0.01%
	PHM	D	0.01%
	RL	B	0.01%
	PFG	D	0.01%
	DOC	D	0.01%
	RGA	A	0.01%
	SPGI	C	0.01%
	PPG	F	0.01%
	SNX	C	0.01%
	SNV	B	0.01%
	MAIN	A	0.01%
	MAA	B	0.01%
	NFG	A	0.01%
	NEM	D	0.01%
	ORLY	B	0.01%
	ORI	A	0.01%
	OPI	F	0.01%
	LNT	A	0.01%
	LII	A	0.01%
	OCSL	F	0.01%
	OC	A	0.01%
	LEG	F	0.01%
	MSI	B	0.01%
	LAZ	B	0.01%
	NTRS	A	0.01%
	MRVL	B	0.01%
	MCK	B	0.01%
	PDM	D	0.01%
	NSC	B	0.01%
	MP	B	0.01%
	KIM	A	0.01%
	KEYS	A	0.01%
	K	A	0.01%
	GSBD	F	0.01%
	HUBB	B	0.01%
	JNPR	F	0.01%
	IPG	D	0.01%
	IP	B	0.01%
	HII	D	0.01%
	ILMN	D	0.01%
	JBHT	C	0.01%
	GWW	B	0.01%
	KSS	F	0.01%
	KRC	C	0.01%
	KR	B	0.01%
	DLR	B	0.01%
	FHN	A	0.01%
	EMR	A	0.01%
	EMN	D	0.01%
	FTV	C	0.01%
	FDX	B	0.01%
	ED	D	0.01%
	CUBE	D	0.01%
	DVN	F	0.01%
	CTVA	C	0.01%
	FAF	A	0.01%
	FLEX	A	0.01%
	DOW	F	0.01%
	DOV	A	0.01%
	COKE	C	0.01%
	ALB	C	0.01%
	CNP	B	0.01%
	CNH	C	0.01%
	BWA	D	0.01%
	BABA	D	0.01%
	CMS	C	0.01%
	AWH	F	0.01%
	AFG	A	0.01%
	BRO	B	0.01%
	BR	A	0.01%
	ADSK	A	0.01%
	ADI	D	0.01%
	CFG	B	0.01%
	BKH	A	0.01%
	APTV	D	0.01%
	APH	A	0.01%
	APD	A	0.01%
	AMAT	F	0.01%
	CP	D	0.01%
	UDR	B	0.01%
	UAL	A	0.01%
	TDY	B	0.01%
	WAB	B	0.01%
	TXT	D	0.01%
	TSLX	C	0.01%
	SWKS	F	0.01%
	VOYA	B	0.01%
	VNO	B	0.01%
	VMC	B	0.01%
	WY	D	0.01%
	WU	D	0.01%
	VFC	C	0.01%
	TKR	D	0.01%
	WM	A	0.01%
	WHR	B	0.01%
	PNW	B	0.01%
	RNR	C	0.01%
	SF	B	0.01%
	PSEC	D	0.01%
	PSA	D	0.01%
	SCCO	F	0.01%
	RF	A	0.01%
	SBRA	C	0.01%
	GLPI	C	0.01%
	HAL	C	0.01%
	KO	D	0.01%
	ESS	B	0.01%
	KEY	B	0.01%
	HUM	C	0.01%
	NUE	C	0.01%
	LYB	F	0.01%
	MMM	D	0.01%
	OHI	C	0.01%
	LHX	C	0.01%
	LH	C	0.01%
	MET	A	0.01%
	O	D	0.01%
	NXPI	D	0.01%
	MDLZ	F	0.01%
	BHP	F	0.01%
	BG	F	0.01%
	CRM	B	0.01%
	AZO	C	0.01%
	AWK	D	0.01%
	CME	A	0.01%
	AGR	B	0.01%
	CL	D	0.01%
	DHR	F	0.01%
	DTE	C	0.01%
	EVRG	A	0.01%
	CNO	A	0.01%
	HST	C	0.01%
	GP	F	0.01%
	MAR	B	0.01%
	LRCX	F	0.01%
	MKC	D	0.01%
	AMGN	D	0.01%
	WB	D	0.01%
	VTR	C	0.01%
	SYY	B	0.01%
	SYF	B	0.01%
	ZTS	D	0.01%
	VRSK	A	0.01%
	STLD	B	0.01%
	SRE	A	0.01%
	PKG	A	0.01%
	PYPL	B	0.01%
	PRU	A	0.01%
	PEG	A	0.01%
	AES	F	0.01%
	ADP	B	0.01%
	ABT	B	0.01%
	HBAN	A	0.01%
	KMI	A	0.01%
	DLTR	F	0.01%
	EOG	A	0.01%
	DGX	A	0.01%
	EIX	B	0.01%
	FSK	A	0.01%
	EBAY	D	0.01%
	LEN	D	0.01%
	ITW	B	0.01%
	UNP	C	0.01%
	TT	A	0.01%
	AFL	B	0.01%
	ADBE	C	0.01%
	BLK	C	0.01%
	BIDU	F	0.01%
	FANG	D	0.01%
	CSX	B	0.01%
	CSCO	B	0.01%
	EXPE	B	0.01%
	EXC	C	0.01%
	CAH	B	0.01%
	AL	B	0.01%
	BXP	D	0.01%
	TJX	A	0.01%
	WLK	D	0.01%
	PM	B	0.01%
	RSG	A	0.01%
	SHW	A	0.01%
	ROP	B	0.01%
	PG	A	0.01%
	PPL	B	0.01%
	AMT	D	0.01%
	COP	C	0.01%
	STT	A	0.01%
	VLO	C	0.01%
	TMO	F	0.01%
	WEST	C	0.01%
	WMB	A	0.01%
	SLB	C	0.01%
	QCOM	F	0.01%
	RPRX	D	0.01%
	PH	A	0.01%
	CB	C	0.01%
	CPB	D	0.01%
	USB	A	0.01%
	UPS	C	0.01%
	TGT	F	0.01%
	UNH	C	0.01%
	WBA	F	0.01%
	AIG	B	0.01%
	CM	A	0.01%
	BK	A	0.01%
	CCI	D	0.01%
	BERY	B	0.01%
	DUK	C	0.01%
	ALLY	C	0.01%
	CAF	D	0.01%
	ICE	C	0.01%
	ET	A	0.01%
	EQIX	A	0.01%
	FOXA	B	0.01%
	OMC	C	0.01%
	MCD	D	0.01%
	MRK	F	0.01%
	GPN	B	0.01%
	HON	B	0.01%
	HD	A	0.01%
	GE	D	0.01%
	SBUX	A	0.01%
	SPG	B	0.01%
	LVS	C	0.01%
	NKE	D	0.01%
	MMC	B	0.01%
	PAA	B	0.01%
	TFC	A	0.01%
	TXN	C	0.01%
	ZBH	C	0.01%
	STZ	D	0.01%
	PNC	B	0.01%
	PSX	C	0.01%
	BKNG	A	0.01%
	ARE	D	0.01%
	ARCC	A	0.01%
	BDX	F	0.01%
	AMP	A	0.01%
	CAT	B	0.01%
	CMA	A	0.01%
	BSX	B	0.01%
	AVGO	D	0.01%
	DIS	B	0.01%
	DG	F	0.01%
	DFS	B	0.01%
	EDC	F	0.01%
	FIS	C	0.01%
	ALL	A	0.01%
	COE	D	0.01%
	GOOGL	C	0.01%
	HPQ	B	0.01%
	MPLX	A	0.01%
	GSK	F	0.01%
	MO	A	0.01%
	LOW	D	0.01%
	OKE	A	0.01%
	MU	D	0.01%
	MTB	A	0.01%
	AXP	A	0.01%
	EPD	A	0.01%
	DB	D	0.01%
	COF	B	0.01%
	GILD	C	0.01%
	MPC	D	0.01%
	RY	A	0.01%
	VTRS	A	0.01%
	AZN	D	0.01%
	BNS	A	0.01%
	FITB	A	0.01%
	HCA	F	0.01%
	EQNR	D	0.01%
	CVX	A	0.01%
	NWG	C	0.01%
	IBM	C	0.01%
	HPE	B	0.01%
	PCG	A	0.01%
	LUV	C	0.01%
	LMT	D	0.01%
	TSN	B	0.01%
	T	A	0.01%
	TMUS	B	0.01%
	WELL	A	0.01%
	TD	F	0.01%
	CI	F	0.01%
	BMO	A	0.01%
	CMCSA	B	0.01%
	GM	B	0.01%
	XOM	B	0.01%
	ABBV	D	0.01%
	BMY	B	0.01%
	CVS	D	0.01%
	GS	A	0.01%
	MSFT	F	0.01%
	MUFG	B	0.01%
	BA	F	0.01%
	HSBC	B	0.01%
	WFC	A	0.01%
	C	A	0.01%
	MS	A	0.01%
	BAC	A	0.01%
	JPM	A	0.01%

BSV Underweight 39 Positions Relative to CBLS

	Symbol	Grade	Weight
	LNG	B	-3.43%
	GOOG	C	-3.02%
	GTLS	B	-2.77%
	SKY	A	-2.73%
	BWXT	B	-2.7%
	STRL	B	-2.61%
	CCL	B	-2.54%
	EME	C	-2.53%
	VST	B	-2.46%
	OSW	A	-2.41%
	MC	C	-2.37%
	IBN	C	-2.36%
	WTTR	B	-2.33%
	NARI	C	-2.26%
	RDDT	B	-2.26%
	ECL	D	-2.24%
	ROL	B	-2.23%
	BLBD	D	-2.06%
	SCI	B	-1.93%
	ERJ	B	-1.85%
	TDG	D	-1.79%
	ON	D	-1.53%
	MGNI	A	-1.31%
	DOOO	F	--0.44%
	KLG	C	--0.48%
	POST	C	--0.51%
	ENR	B	--0.67%
	GIII	D	--0.89%
	TTC	D	--0.92%
	NVO	D	--1.01%
	SIG	B	--1.04%
	GOGO	C	--1.1%
	NVAX	F	--1.13%
	MIDD	C	--1.15%
	AME	A	--1.18%
	F	C	--1.36%
	SNOW	C	--1.49%
	DUOL	A	--1.56%
	HELE	C	--1.72%

BSV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Asset Management Banks - Regional - US Banks - Global Credit Services Diversified Industrials Drug Manufacturers - Major Semiconductors REIT - Office REIT - Retail Specialty Chemicals Aerospace & Defense Business Services Capital Markets Diagnostics & Research Insurance - Life Oil & Gas Midstream Packaged Foods Utilities - Diversified Household & Personal Products

Keywords: S&P 500 Nasdaq 100 Natural Gas Bank Insurance Dow Jones Component Electricity Banking Real Estate Investment Trust Investment Bank Electronics Insurance Products Chemical Computing Financial Products Cash Management Aerospace Commercial Banking Semiconductor Telecommunications

CBLS: Top Represented Industries & Keywords

Industries: Aerospace & Defense Packaged Foods Diversified Industrials Drug Manufacturers - Major Semiconductors Software - Application Auto Manufacturers Beverages - Soft Drinks Biotechnology Discount Stores Engineering & Construction Leisure Personal Services Software - Infrastructure Utilities - Diversified Utilities - Regulated Electric Airports & Air Services Apparel Manufacturing Asset Management Banks - Regional - Asia

Keywords: S&P 500 Nasdaq 100 Computing Dow Jones Component Electricity Natural Gas Smartphones Banking Drink Electronics Food Service Grocery Store IBD 50 Pharmaceutical Products Retailing Skin Care Snack Food Aerospace Alcohol Animal Health