EHLS vs. PDP ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to PowerShares DWA Technical Leaders Portfolio (PDP)

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 ^*

279

* may have additional holdings in another (foreign) market

PDP

PowerShares DWA Technical Leaders Portfolio

PDP Description

The PowerShares DWA Momentum Portfolio (Fund) is based on the Dorsey Wright Technical Leaders™ Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and ADRs based on the securities in the Index. The Index includes approximately 100 US-listed companies from a broad mid- and large-capitalization universe. The Index is constructed pursuant to Dorsey, Wright & Associates, LLC's proprietary methodology, which takes into account, among other factors, the performance of each of the 3,000 largest US-listed companies as compared to a benchmark index, and the relative performance of industry sectors and sub-sectors. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA Technical Leaders Portfolio to PowerShares DWA Momentum Portfolio.

Grade (RS Rating)

Last Trade

$112.34

Average Daily Volume

19,871

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	PDP
30 Days	7.07%	4.82%
60 Days	8.87%	9.54%
90 Days	12.81%	11.42%
12 Months		38.99%

25 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in PDP	Overlap
AIT	B	0.54%	0.73%	0.54%
ANET	C	1.01%	1.1%	1.01%
ARES	A	1.05%	1.21%	1.05%
BRO	B	1.0%	0.65%	0.65%
CLH	C	0.5%	0.72%	0.5%
CTAS	B	1.51%	1.57%	1.51%
CW	B	1.32%	0.61%	0.61%
DASH	A	1.06%	0.62%	0.62%
EME	A	0.5%	0.94%	0.5%
FI	A	0.47%	2.17%	0.47%
FICO	B	1.6%	1.34%	1.34%
HOOD	A	0.75%	0.67%	0.67%
HRB	D	0.49%	0.52%	0.49%
HWM	A	1.79%	1.25%	1.25%
IRM	C	1.71%	0.61%	0.61%
ISRG	A	0.76%	0.94%	0.76%
KKR	A	0.77%	0.92%	0.77%
META	C	1.74%	0.94%	0.94%
MUSA	B	0.25%	0.63%	0.25%
PGR	B	0.48%	0.52%	0.48%
PLTR	A	1.06%	1.3%	1.06%
PSN	C	0.79%	0.62%	0.62%
THC	C	1.06%	1.19%	1.06%
TRGP	A	0.54%	2.7%	0.54%
VST	A	1.54%	1.44%	1.44%

EHLS Overweight 254 Positions Relative to PDP

Symbol	Grade	Weight
BMA	B	2.18%
CSWI	A	2.08%
SPOT	B	1.95%
QTWO	B	1.91%
GDS	C	1.87%
NVDA	A	1.8%
LMB	A	1.73%
SLG	B	1.73%
USLM	A	1.7%
PIPR	B	1.66%
NRG	B	1.53%
MSI	B	1.5%
HWKN	B	1.42%
GVA	A	1.4%
REAX	C	1.38%
SLVM	C	1.32%
ADMA	C	1.31%
CVNA	A	1.29%
IGIC	A	1.29%
CBRE	B	1.29%
CEG	C	1.29%
CLBT	B	1.27%
CRS	A	1.26%
SFM	A	1.25%
WELL	A	1.25%
TPL	A	1.23%
BK	B	1.22%
SE	A	1.21%
IIPR	F	1.18%
SKT	A	1.12%
TPB	A	1.11%
FTDR	B	1.08%
CNX	A	1.05%
AXP	B	1.0%
PAM	A	0.99%
GLNG	D	0.98%
RDNT	B	0.96%
JXN	C	0.95%
RSI	B	0.95%
TMUS	B	0.94%
ZETA	D	0.9%
WAB	B	0.9%
EDN	A	0.86%
MOD	A	0.85%
PNTG	D	0.85%
IESC	A	0.82%
NPAB	F	0.81%
COOP	B	0.8%
YOU	D	0.73%
CDNA	D	0.7%
TIGO	D	0.7%
BSX	A	0.7%
HLNE	A	0.61%
ALSN	B	0.56%
AMAL	B	0.56%
SKYW	B	0.56%
NBN	B	0.55%
BBSI	B	0.54%
FTI	A	0.53%
CCB	A	0.53%
RNA	C	0.5%
ALHC	C	0.5%
HUBB	B	0.49%
MMYT	B	0.49%
PKG	B	0.49%
TYL	B	0.49%
WMT	A	0.49%
OHI	B	0.48%
GRBK	D	0.47%
TEVA	D	0.46%
BEKE	C	0.45%
JD	D	0.43%
OSCR	C	0.32%
POWL	C	0.29%
CNK	A	0.29%
YPF	A	0.28%
MLR	C	0.28%
CASH	B	0.27%
FRHC	A	0.27%
RKLB	B	0.27%
EXLS	B	0.26%
KTB	A	0.26%
PPTA	B	0.26%
UFPT	C	0.26%
BBW	B	0.25%
LYV	A	0.25%
SNEX	B	0.25%
MATX	B	0.24%
EXEL	B	0.24%
VIST	B	0.24%
CACI	C	0.24%
AORT	B	0.24%
GATO	C	0.24%
TCBX	A	0.24%
ONON	B	0.23%
QFIN	B	0.23%
TRUP	B	0.21%
CSTM	F	-0.08%
NEP	F	-0.1%
CVI	D	-0.13%
CQP	B	-0.14%
STNG	D	-0.17%
AES	F	-0.17%
FLNG	C	-0.18%
WU	F	-0.18%
APTV	F	-0.19%
WRLD	D	-0.2%
BEN	C	-0.2%
ELF	C	-0.2%
VSAT	F	-0.2%
DG	F	-0.21%
ENPH	F	-0.21%
W	D	-0.21%
VAL	F	-0.21%
ALGT	C	-0.21%
ADNT	F	-0.21%
ASH	F	-0.22%
DOOO	F	-0.22%
LEA	F	-0.22%
COLD	F	-0.22%
OLN	F	-0.23%
FIVE	F	-0.23%
ASML	F	-0.23%
ENOV	C	-0.23%
APA	F	-0.23%
NKE	F	-0.23%
AMRC	F	-0.24%
MTN	C	-0.24%
F	C	-0.24%
ELV	F	-0.24%
CWT	C	-0.24%
CTRA	B	-0.24%
AVTR	F	-0.24%
IGT	F	-0.24%
WPC	C	-0.24%
PLD	D	-0.24%
NTST	D	-0.24%
VC	F	-0.24%
WSC	F	-0.24%
SITE	D	-0.25%
CC	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	B	-0.25%
DKNG	B	-0.25%
ADM	D	-0.25%
BG	D	-0.25%
ALV	C	-0.25%
REXR	F	-0.25%
TEX	D	-0.25%
NUE	D	-0.25%
DLB	F	-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	C	-0.26%
APLS	F	-0.26%
SON	F	-0.26%
KEYS	C	-0.26%
SCL	D	-0.26%
PD	C	-0.26%
FUL	F	-0.26%
DVN	F	-0.27%
FMX	F	-0.27%
CENTA	C	-0.27%
ZD	B	-0.27%
ALB	B	-0.27%
AMN	F	-0.27%
ENTG	F	-0.27%
MCHP	F	-0.27%
SIGI	B	-0.28%
MUR	F	-0.28%
ATKR	D	-0.28%
URBN	C	-0.28%
SJW	F	-0.28%
ARE	F	-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%
LKQ	F	-0.29%
UGI	C	-0.29%
UPBD	C	-0.29%
SLB	C	-0.29%
HELE	C	-0.29%
YELP	C	-0.29%
VRSN	F	-0.29%
CENT	C	-0.29%
SLAB	F	-0.3%
CHRD	F	-0.3%
CDW	F	-0.3%
CVX	A	-0.3%
KMX	C	-0.3%
EVTC	B	-0.3%
ON	F	-0.3%
DIS	B	-0.3%
ALGM	F	-0.3%
CAR	C	-0.3%
TDC	D	-0.3%
CIVI	D	-0.3%
LW	C	-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%
CRL	D	-0.31%
ALLY	C	-0.31%
OVV	C	-0.31%
COHU	D	-0.31%
CARS	C	-0.31%
VLO	C	-0.31%
WFRD	F	-0.32%
FIZZ	C	-0.32%
PZZA	F	-0.32%
SPT	C	-0.32%
CALX	D	-0.32%
IOSP	C	-0.32%
MTRN	C	-0.33%
BHF	C	-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%
UPS	C	-0.37%
PGNY	F	-0.38%
RYI	C	-0.4%
PARR	F	-0.44%
EPAM	C	-0.44%
PRGO	C	-0.44%
CSGP	F	-0.46%
OMI	F	-0.47%
IMCR	C	-0.54%
USPH	C	-0.56%
ALRM	C	-0.58%

EHLS Underweight 75 Positions Relative to PDP

Symbol	Grade	Weight
APP	A	-3.96%
MA	B	-2.79%
CPRT	B	-2.73%
AAPL	C	-2.71%
APH	B	-2.62%
TDG	D	-2.35%
ROP	C	-2.25%
GWW	B	-2.13%
KNSL	B	-1.83%
TT	A	-1.66%
FIX	A	-1.65%
COST	A	-1.52%
PWR	A	-1.41%
MTSI	B	-1.29%
NVR	D	-1.27%
URI	B	-1.26%
V	A	-1.23%
BAH	D	-1.19%
TJX	A	-1.18%
LLY	F	-1.18%
KLAC	F	-1.13%
PCVX	D	-1.07%
RCL	A	-1.01%
AXON	A	-1.01%
ORCL	A	-0.94%
APO	A	-0.9%
MSFT	D	-0.88%
CSL	C	-0.78%
WING	D	-0.78%
AFRM	A	-0.77%
ONTO	F	-0.76%
EVR	B	-0.74%
TTEK	F	-0.73%
NTNX	B	-0.72%
AAON	B	-0.7%
ENSG	D	-0.7%
BX	A	-0.7%
NFLX	A	-0.7%
WAL	B	-0.7%
COKE	C	-0.68%
MANH	D	-0.68%
AJG	B	-0.67%
PRI	A	-0.67%
COHR	B	-0.65%
HLI	B	-0.65%
LDOS	C	-0.64%
JEF	A	-0.62%
OKE	A	-0.62%
EXP	B	-0.61%
FCNCA	A	-0.61%
CARR	D	-0.61%
TXRH	B	-0.6%
USFD	A	-0.6%
PH	B	-0.59%
ETN	B	-0.57%
FLR	B	-0.57%
GWRE	A	-0.56%
BJ	B	-0.56%
NTRA	A	-0.55%
TOL	B	-0.55%
MMC	D	-0.53%
PTC	B	-0.53%
PHM	D	-0.52%
TMHC	B	-0.52%
IR	B	-0.52%
UFPI	C	-0.52%
LII	A	-0.51%
ICE	C	-0.5%
ACGL	D	-0.48%
HCA	F	-0.47%
NSIT	F	-0.46%
MTH	D	-0.45%
ERIE	F	-0.42%
DHI	D	-0.42%
REGN	F	-0.36%