EHLS vs. ESMV ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to iShares ESG MSCI USA Min Vol Factor ETF (ESMV)

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

$23.44

Average Daily Volume

2,561

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

ESMV

iShares ESG MSCI USA Min Vol Factor ETF

ESMV Description

iShares ESG MSCI USA Min Vol Factor ETF is an exchange traded fund launched by BlackRock, Inc. The fund is managed by BlackRock Fund Advisors. It invests in public equity markets of the United States. The fund invests in stocks of companies operating across diversified sectors. It invests in less volatile stocks of companies across diversified market capitalization. The fund invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It seeks to track the performance of the MSCI USA Minimum Volatility Extended ESG Reduced Carbon Target Index, by using representative sampling technique. iShares ESG MSCI USA Min Vol Factor ETF is domiciled in the United States

Grade (RS Rating)

Last Trade

$29.88

Average Daily Volume

5,021

Number of Holdings ^*

150

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	ESMV
30 Days	11.20%	4.44%
60 Days	13.37%	4.21%
90 Days	14.65%	6.27%
12 Months		26.06%

20 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in ESMV	Overlap
AKAM	D	-0.25%	0.3%	-0.25%
AWK	D	-0.3%	0.22%	-0.3%
CBRE	A	0.98%	0.51%	0.51%
ELV	F	-0.23%	0.51%	-0.23%
ES	D	-0.3%	0.4%	-0.3%
EXC	C	-0.3%	0.05%	-0.3%
FI	A	0.48%	0.34%	0.34%
FICO	A	1.3%	0.54%	0.54%
GIS	D	-0.25%	1.22%	-0.25%
HES	B	-0.3%	1.3%	-0.3%
LKQ	D	-0.29%	0.3%	-0.29%
MRK	D	-0.23%	1.01%	-0.23%
MSI	B	1.57%	1.81%	1.57%
NVDA	C	1.72%	1.69%	1.69%
PEP	F	-0.25%	1.01%	-0.25%
PGR	A	0.48%	1.33%	0.48%
TMUS	A	0.96%	1.65%	0.96%
TRGP	B	1.03%	0.82%	0.82%
UPS	C	-0.37%	0.15%	-0.37%
VRSN	C	-0.28%	0.32%	-0.28%

EHLS Overweight 251 Positions Relative to ESMV

Symbol	Grade	Weight
SPOT	B	2.25%
BMA	B	2.14%
CSWI	B	2.03%
QTWO	A	1.82%
HWM	B	1.8%
GDS	D	1.71%
LMB	B	1.7%
IRM	C	1.68%
PIPR	B	1.67%
META	D	1.64%
SLG	B	1.62%
USLM	A	1.53%
CTAS	A	1.48%
HWKN	A	1.46%
GVA	B	1.41%
IGIC	A	1.33%
VST	B	1.31%
SE	B	1.3%
CVNA	B	1.29%
CRS	A	1.27%
CW	B	1.26%
ADMA	B	1.26%
WELL	A	1.25%
PLTR	B	1.25%
BK	A	1.24%
TPB	B	1.24%
CEG	C	1.21%
SFM	A	1.2%
CLBT	B	1.2%
NRG	B	1.2%
SKT	A	1.14%
REAX	D	1.1%
PAM	B	1.09%
RDNT	C	1.08%
SLVM	B	1.06%
ARES	A	1.05%
DASH	A	1.05%
FTDR	B	1.04%
TPL	B	1.02%
HOOD	B	1.01%
BRO	A	1.0%
AXP	A	1.0%
THC	D	0.98%
RSI	A	0.98%
NPAB	B	0.92%
EDN	B	0.92%
WAB	A	0.89%
ANET	C	0.88%
JXN	B	0.87%
GLNG	C	0.86%
PNTG	D	0.84%
MOD	B	0.82%
IESC	B	0.79%
COOP	B	0.78%
SKYW	A	0.76%
CNX	B	0.76%
ISRG	B	0.76%
KKR	A	0.76%
EME	B	0.75%
BSX	B	0.71%
PSN	D	0.7%
CDNA	D	0.62%
HLNE	B	0.62%
CCB	B	0.56%
AMAL	B	0.56%
AIT	A	0.55%
ALSN	B	0.55%
NBN	C	0.54%
BBSI	A	0.54%
FTI	A	0.53%
CNK	B	0.51%
PKG	A	0.49%
TWLO	B	0.49%
VERX	A	0.49%
CLH	B	0.48%
TYL	A	0.48%
QFIN	A	0.47%
HUBB	B	0.46%
MMYT	A	0.46%
GRBK	D	0.46%
POWL	C	0.45%
UFPT	C	0.44%
RNA	D	0.44%
ALHC	C	0.42%
CACI	D	0.42%
RKLB	B	0.39%
WULF	C	0.34%
YPF	B	0.32%
TCBX	B	0.3%
CEIX	B	0.3%
FRHC	C	0.28%
KTB	B	0.27%
MUSA	A	0.27%
PPTA	C	0.27%
CASH	B	0.27%
EXLS	A	0.26%
LYV	B	0.26%
SOFI	B	0.25%
MLR	B	0.25%
PEGA	A	0.25%
SNEX	B	0.25%
MATX	C	0.24%
ONON	B	0.24%
BBW	B	0.24%
GATO	D	0.23%
TRUP	B	0.23%
EXEL	A	0.23%
AORT	B	0.22%
CSTM	F	-0.07%
NEP	F	-0.09%
SPT	C	-0.14%
CVI	F	-0.15%
AMN	F	-0.16%
VSAT	F	-0.16%
AES	F	-0.17%
PGNY	F	-0.17%
STNG	F	-0.17%
APTV	F	-0.18%
ENPH	F	-0.18%
WU	D	-0.18%
FLNG	C	-0.19%
W	F	-0.2%
BEN	C	-0.2%
COLD	D	-0.2%
VAL	F	-0.2%
AMRC	F	-0.2%
WRLD	C	-0.2%
ASH	F	-0.21%
ELF	C	-0.21%
DG	F	-0.21%
ADNT	F	-0.21%
WSC	D	-0.21%
ASML	F	-0.22%
IGT	F	-0.22%
ENOV	C	-0.22%
PARR	D	-0.22%
FIVE	F	-0.22%
AVTR	D	-0.22%
DOOO	F	-0.22%
LEA	D	-0.22%
CSGP	C	-0.23%
ROG	F	-0.23%
DLB	B	-0.23%
NTST	D	-0.23%
APA	F	-0.23%
IMCR	C	-0.23%
NKE	F	-0.23%
TEX	D	-0.23%
MCHP	D	-0.23%
OLN	D	-0.23%
NUE	D	-0.23%
SCL	C	-0.24%
OMI	F	-0.24%
ENTG	D	-0.24%
CWT	D	-0.24%
WPC	D	-0.24%
ODP	F	-0.24%
NSP	D	-0.24%
WOR	F	-0.24%
APLS	C	-0.24%
PLD	D	-0.24%
PD	C	-0.24%
ETSY	C	-0.24%
SITE	C	-0.24%
CC	C	-0.24%
ADM	D	-0.25%
HSY	F	-0.25%
JBSS	D	-0.25%
OTEX	D	-0.25%
FTV	B	-0.25%
PCH	C	-0.25%
IPG	C	-0.25%
MTN	C	-0.25%
FUL	D	-0.25%
F	C	-0.25%
ATKR	C	-0.25%
REXR	F	-0.25%
ALV	C	-0.25%
MGM	F	-0.26%
GO	C	-0.26%
BG	D	-0.26%
THS	D	-0.26%
ARE	D	-0.26%
STZ	F	-0.26%
ALGM	D	-0.26%
IAC	D	-0.26%
CTRA	B	-0.26%
HDB	A	-0.26%
FMX	F	-0.26%
SON	D	-0.26%
CALX	D	-0.27%
DVN	F	-0.27%
COHU	C	-0.27%
HXL	D	-0.27%
ON	D	-0.27%
MTDR	C	-0.27%
SLAB	D	-0.27%
CNI	F	-0.27%
CWH	B	-0.27%
CDW	F	-0.27%
YELP	C	-0.28%
ALB	C	-0.28%
OKTA	C	-0.28%
VTLE	D	-0.28%
MUR	F	-0.28%
MRTN	C	-0.28%
CRL	D	-0.28%
USPH	B	-0.28%
SJW	D	-0.28%
PZZA	D	-0.28%
CENTA	C	-0.28%
TDC	D	-0.29%
FIVN	C	-0.29%
UGI	A	-0.29%
HP	C	-0.29%
SJM	C	-0.29%
CHRD	F	-0.29%
AMRK	F	-0.29%
AIN	C	-0.29%
MOS	F	-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	F	-0.29%
PINS	D	-0.3%
EG	C	-0.3%
SNOW	C	-0.3%
WFRD	F	-0.3%
RIO	F	-0.3%
AVA	B	-0.3%
PPG	D	-0.3%
EVTC	C	-0.3%
IDXX	F	-0.3%
HELE	C	-0.3%
ACI	C	-0.3%
DIOD	D	-0.3%
KMX	B	-0.31%
OXM	D	-0.31%
ZD	C	-0.31%
IRTC	C	-0.32%
CAR	C	-0.32%
VLO	C	-0.32%
ALRM	C	-0.32%
TENB	C	-0.33%
OVV	C	-0.33%
NARI	C	-0.34%
AMR	C	-0.35%
PRGO	C	-0.44%

EHLS Underweight 130 Positions Relative to ESMV

Symbol	Grade	Weight
GWW	A	-1.68%
IBM	C	-1.66%
TRV	B	-1.64%
PEG	A	-1.64%
CSCO	A	-1.48%
WM	A	-1.44%
NOC	D	-1.43%
ADP	A	-1.43%
MMC	A	-1.4%
TXN	D	-1.39%
VRTX	D	-1.39%
HD	B	-1.39%
MCK	B	-1.38%
VZ	B	-1.37%
UNH	B	-1.36%
MSFT	C	-1.34%
ACN	B	-1.33%
EA	B	-1.31%
ROP	B	-1.31%
FERG	B	-1.3%
GILD	B	-1.29%
ED	C	-1.26%
LLY	D	-1.25%
OKE	B	-1.24%
TT	A	-1.23%
CL	D	-1.21%
AMGN	F	-1.2%
ORCL	B	-1.19%
V	A	-1.13%
CDNS	B	-1.11%
KR	A	-1.09%
SPGI	B	-1.07%
PG	A	-1.06%
MCD	D	-1.02%
VLTO	D	-1.01%
NEM	F	-0.99%
MA	A	-0.97%
JNJ	D	-0.97%
ADBE	C	-0.93%
LOW	C	-0.89%
K	A	-0.86%
KEYS	B	-0.83%
KO	D	-0.79%
PTC	A	-0.78%
WDAY	C	-0.77%
HUBS	B	-0.77%
COR	A	-0.77%
HPE	B	-0.75%
CRH	A	-0.75%
CRM	B	-0.74%
EQIX	A	-0.74%
IT	C	-0.72%
DGX	B	-0.7%
HON	B	-0.69%
REGN	F	-0.65%
ZTS	F	-0.63%
CMS	B	-0.58%
KMB	C	-0.55%
SRE	B	-0.53%
AAPL	A	-0.52%
HOLX	D	-0.51%
NEE	D	-0.5%
CHRW	C	-0.49%
JNPR	F	-0.45%
CI	D	-0.44%
MELI	C	-0.44%
RTX	D	-0.43%
CME	A	-0.43%
UBER	D	-0.42%
AZO	B	-0.41%
DECK	B	-0.41%
CHD	B	-0.41%
ODFL	B	-0.4%
T	A	-0.4%
ICE	D	-0.39%
YUM	B	-0.39%
GEN	A	-0.38%
STX	D	-0.36%
HRL	D	-0.35%
KHC	D	-0.34%
CLX	C	-0.34%
INTC	D	-0.34%
CVX	A	-0.34%
AMCR	D	-0.34%
CPB	D	-0.33%
SNPS	B	-0.33%
NXPI	D	-0.32%
ECL	D	-0.32%
PSX	C	-0.32%
HUM	C	-0.31%
CNH	B	-0.31%
BR	A	-0.31%
CTSH	A	-0.3%
BMY	B	-0.28%
ALNY	D	-0.28%
TSCO	D	-0.27%
INCY	B	-0.26%
AJG	A	-0.25%
XYL	D	-0.25%
JCI	C	-0.24%
FCNCA	B	-0.24%
ADSK	B	-0.23%
OTIS	C	-0.21%
FSLR	F	-0.19%
AIZ	A	-0.19%
GDDY	A	-0.19%
RSG	A	-0.18%
INTU	C	-0.18%
WTW	A	-0.17%
ULTA	F	-0.17%
NOW	A	-0.17%
AZPN	A	-0.17%
KDP	D	-0.16%
NTAP	B	-0.15%
TEAM	B	-0.14%
DPZ	B	-0.13%
JKHY	D	-0.13%
FFIV	A	-0.12%
MKC	D	-0.12%
SOLV	C	-0.11%
LDOS	D	-0.11%
MPC	D	-0.1%
LIN	D	-0.1%
CMCSA	C	-0.09%
FAST	A	-0.08%
CAH	B	-0.08%
KNX	B	-0.07%
TJX	A	-0.06%
HII	D	-0.06%
AON	A	-0.06%