EHLS vs. DWSH ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to AdvisorShares Dorsey Wright Short ETF (DWSH)

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

$22.29

Average Daily Volume

2,786

Number of Holdings ^*

279

* 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

$7.38

Average Daily Volume

22,735

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	DWSH
30 Days	3.97%	2.79%
60 Days	7.71%	0.82%
90 Days	11.83%	0.68%
12 Months		-12.76%

30 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in DWSH	Overlap
ADM	D	-0.25%	-0.93%	-0.93%
ADNT	F	-0.21%	-0.81%	-0.81%
ALB	C	-0.27%	-1.04%	-1.04%
APA	F	-0.23%	-0.71%	-0.71%
BEN	C	-0.2%	-0.93%	-0.93%
CC	C	-0.25%	-0.81%	-0.81%
CRL	D	-0.31%	-0.99%	-0.99%
DG	F	-0.21%	-0.93%	-0.93%
DVN	F	-0.27%	-0.96%	-0.96%
ENOV	C	-0.23%	-0.95%	-0.95%
EPAM	B	-0.44%	-1.11%	-1.11%
F	C	-0.24%	-1.05%	-1.05%
LEA	F	-0.22%	-0.8%	-0.8%
LKQ	D	-0.29%	-0.89%	-0.89%
LW	C	-0.3%	-1.31%	-1.31%
MCHP	F	-0.27%	-0.89%	-0.89%
MTN	C	-0.24%	-0.98%	-0.98%
MUR	F	-0.28%	-0.87%	-0.87%
NKE	D	-0.23%	-0.79%	-0.79%
OLN	F	-0.23%	-0.95%	-0.95%
PRGO	C	-0.44%	-0.96%	-0.96%
SLAB	F	-0.3%	-0.93%	-0.93%
SLB	C	-0.29%	-0.96%	-0.96%
TDC	F	-0.3%	-0.76%	-0.76%
UPS	C	-0.37%	-0.83%	-0.83%
VC	F	-0.24%	-0.81%	-0.81%
VRSN	D	-0.29%	-1.01%	-1.01%
VSAT	F	-0.2%	-0.79%	-0.79%
W	F	-0.21%	-0.87%	-0.87%
ZD	B	-0.27%	-1.05%	-1.05%

EHLS Overweight 249 Positions Relative to DWSH

Symbol	Grade	Weight
BMA	A	2.18%
CSWI	B	2.08%
SPOT	A	1.95%
QTWO	A	1.91%
GDS	B	1.87%
NVDA	B	1.8%
HWM	A	1.79%
META	C	1.74%
LMB	A	1.73%
SLG	B	1.73%
IRM	D	1.71%
USLM	A	1.7%
PIPR	A	1.66%
FICO	A	1.6%
VST	A	1.54%
NRG	B	1.53%
CTAS	B	1.51%
MSI	A	1.5%
HWKN	C	1.42%
GVA	A	1.4%
REAX	C	1.38%
CW	B	1.32%
SLVM	B	1.32%
ADMA	C	1.31%
CVNA	A	1.29%
IGIC	A	1.29%
CBRE	B	1.29%
CEG	D	1.29%
CLBT	C	1.27%
CRS	A	1.26%
SFM	A	1.25%
WELL	A	1.25%
TPL	A	1.23%
BK	A	1.22%
SE	B	1.21%
IIPR	F	1.18%
SKT	A	1.12%
TPB	A	1.11%
FTDR	B	1.08%
THC	C	1.06%
DASH	B	1.06%
PLTR	A	1.06%
CNX	A	1.05%
ARES	B	1.05%
ANET	C	1.01%
BRO	B	1.0%
AXP	A	1.0%
PAM	A	0.99%
GLNG	C	0.98%
RDNT	B	0.96%
JXN	B	0.95%
RSI	B	0.95%
TMUS	A	0.94%
ZETA	F	0.9%
WAB	B	0.9%
EDN	A	0.86%
MOD	C	0.85%
PNTG	D	0.85%
IESC	B	0.82%
NPAB	F	0.81%
COOP	B	0.8%
PSN	C	0.79%
KKR	A	0.77%
ISRG	A	0.76%
HOOD	A	0.75%
YOU	D	0.73%
CDNA	D	0.7%
TIGO	D	0.7%
BSX	B	0.7%
HLNE	A	0.61%
ALSN	B	0.56%
AMAL	B	0.56%
SKYW	A	0.56%
NBN	A	0.55%
BBSI	A	0.54%
TRGP	A	0.54%
AIT	A	0.54%
FTI	A	0.53%
CCB	A	0.53%
RNA	C	0.5%
CLH	C	0.5%
EME	B	0.5%
ALHC	C	0.5%
HUBB	B	0.49%
MMYT	C	0.49%
HRB	D	0.49%
PKG	B	0.49%
TYL	B	0.49%
WMT	A	0.49%
PGR	B	0.48%
OHI	C	0.48%
GRBK	D	0.47%
FI	A	0.47%
TEVA	D	0.46%
BEKE	C	0.45%
JD	C	0.43%
OSCR	F	0.32%
POWL	C	0.29%
CNK	A	0.29%
YPF	A	0.28%
MLR	B	0.28%
CASH	A	0.27%
FRHC	A	0.27%
RKLB	B	0.27%
EXLS	B	0.26%
KTB	A	0.26%
PPTA	A	0.26%
UFPT	C	0.26%
BBW	B	0.25%
LYV	A	0.25%
SNEX	A	0.25%
MUSA	A	0.25%
MATX	B	0.24%
EXEL	B	0.24%
VIST	C	0.24%
CACI	C	0.24%
AORT	B	0.24%
GATO	D	0.24%
TCBX	A	0.24%
ONON	A	0.23%
QFIN	B	0.23%
TRUP	A	0.21%
CSTM	F	-0.08%
NEP	F	-0.1%
CVI	D	-0.13%
CQP	A	-0.14%
STNG	F	-0.17%
AES	F	-0.17%
FLNG	D	-0.18%
WU	F	-0.18%
APTV	F	-0.19%
WRLD	D	-0.2%
ELF	C	-0.2%
ENPH	F	-0.21%
VAL	F	-0.21%
ALGT	A	-0.21%
ASH	F	-0.22%
DOOO	F	-0.22%
COLD	F	-0.22%
FIVE	F	-0.23%
ASML	F	-0.23%
AMRC	F	-0.24%
ELV	F	-0.24%
CWT	C	-0.24%
CTRA	A	-0.24%
AVTR	F	-0.24%
IGT	F	-0.24%
WPC	D	-0.24%
PLD	D	-0.24%
NTST	D	-0.24%
WSC	F	-0.24%
SITE	D	-0.25%
STZ	D	-0.25%
HTH	B	-0.25%
HSY	F	-0.25%
WOR	F	-0.25%
ETSY	D	-0.25%
FIVN	C	-0.25%
PCH	D	-0.25%
ROG	D	-0.25%
GO	C	-0.25%
GEF	A	-0.25%
DKNG	B	-0.25%
BG	D	-0.25%
ALV	C	-0.25%
REXR	F	-0.25%
TEX	D	-0.25%
NUE	D	-0.25%
DLB	D	-0.25%
FTV	D	-0.25%
MRK	F	-0.25%
MGM	D	-0.26%
MTDR	C	-0.26%
ODP	F	-0.26%
NSP	F	-0.26%
CWH	B	-0.26%
APLS	F	-0.26%
SON	D	-0.26%
KEYS	C	-0.26%
SCL	D	-0.26%
PD	C	-0.26%
FUL	F	-0.26%
FMX	F	-0.27%
CENTA	C	-0.27%
AMN	F	-0.27%
ENTG	F	-0.27%
SIGI	A	-0.28%
ATKR	C	-0.28%
URBN	C	-0.28%
SJW	F	-0.28%
ARE	D	-0.28%
HXL	F	-0.28%
CNI	F	-0.28%
VTLE	C	-0.28%
IPG	F	-0.28%
AIN	C	-0.29%
EG	D	-0.29%
HES	B	-0.29%
OKTA	D	-0.29%
MRTN	C	-0.29%
UGI	C	-0.29%
UPBD	B	-0.29%
HELE	C	-0.29%
YELP	C	-0.29%
CENT	C	-0.29%
CHRD	F	-0.3%
CDW	F	-0.3%
CVX	A	-0.3%
KMX	B	-0.3%
EVTC	C	-0.3%
ON	F	-0.3%
DIS	A	-0.3%
ALGM	F	-0.3%
CAR	C	-0.3%
CIVI	F	-0.3%
RPD	C	-0.3%
IAC	D	-0.3%
SNOW	C	-0.3%
OXM	F	-0.31%
NEO	C	-0.31%
HP	C	-0.31%
ALLY	C	-0.31%
OVV	C	-0.31%
COHU	D	-0.31%
CARS	B	-0.31%
VLO	C	-0.31%
WFRD	F	-0.32%
FIZZ	B	-0.32%
PZZA	D	-0.32%
SPT	C	-0.32%
CALX	F	-0.32%
IOSP	C	-0.32%
MTRN	C	-0.33%
BHF	A	-0.33%
TENB	D	-0.34%
IRTC	C	-0.35%
AMR	C	-0.35%
DIOD	F	-0.35%
NARI	C	-0.35%
PINS	F	-0.36%
QLYS	C	-0.36%
PGNY	F	-0.38%
RYI	B	-0.4%
PARR	D	-0.44%
CSGP	F	-0.46%
OMI	F	-0.47%
IMCR	D	-0.54%
USPH	C	-0.56%
ALRM	C	-0.58%

EHLS Underweight 68 Positions Relative to DWSH

Symbol	Grade	Weight
HPP	F	--0.62%
XRAY	F	--0.63%
DAN	F	--0.7%
PII	F	--0.7%
BIIB	F	--0.74%
TECH	D	--0.77%
WBA	F	--0.77%
BA	F	--0.79%
BRKR	F	--0.8%
COTY	F	--0.8%
HUN	F	--0.81%
AAP	D	--0.81%
IPGP	D	--0.81%
MOS	D	--0.82%
DLTR	F	--0.82%
SVC	F	--0.82%
XRX	F	--0.82%
PTEN	D	--0.82%
FMC	F	--0.83%
KSS	F	--0.84%
TRIP	D	--0.84%
LEG	F	--0.86%
JAZZ	A	--0.87%
SAGE	F	--0.88%
ULTA	D	--0.88%
RES	F	--0.89%
VAC	B	--0.89%
RIG	D	--0.89%
HLF	C	--0.9%
CVS	F	--0.91%
EL	F	--0.92%
OXY	F	--0.92%
CBRL	C	--0.92%
M	C	--0.93%
CACC	D	--0.94%
ALGN	D	--0.94%
SIRI	C	--0.96%
DINO	D	--0.96%
SNAP	D	--0.96%
HAIN	F	--0.97%
RLJ	C	--0.99%
GT	C	--0.99%
WBD	B	--0.99%
NOV	D	--0.99%
OI	C	--1.0%
EW	C	--1.0%
CGNX	D	--1.01%
UHAL	D	--1.02%
AGCO	D	--1.02%
BBWI	C	--1.06%
WST	C	--1.06%
INTC	C	--1.06%
HAL	C	--1.07%
HGV	B	--1.07%
VYX	C	--1.08%
CABO	B	--1.08%
TAP	A	--1.11%
RHI	B	--1.11%
HUM	F	--1.13%
NUS	C	--1.14%
WHR	A	--1.16%
GPN	B	--1.2%
IART	C	--1.27%
AAL	B	--1.29%
ODFL	B	--1.31%
DXC	C	--1.33%
PAYC	B	--1.48%
ATUS	C	--1.52%