EHLS vs. QQH ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to HCM Defender 100 Index ETF (QQH)

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

$23.32

Average Daily Volume

2,650

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

QQH

HCM Defender 100 Index ETF

QQH Description

The investment seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 100 Index (the HCM 100 index). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 100 index. The HCM 100 index seeks to outperform the Solactive US Technology 100 Index, a proprietary methodology.

Grade (RS Rating)

Last Trade

$65.45

Average Daily Volume

21,371

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	QQH
30 Days	10.27%	4.28%
60 Days	10.82%	5.09%
90 Days	13.69%	8.37%
12 Months		36.70%

12 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in QQH	Overlap
CEG	D	1.21%	0.32%	0.32%
CSGP	D	-0.23%	0.12%	-0.23%
CTAS	B	1.48%	0.3%	0.3%
EXC	C	-0.3%	0.16%	-0.3%
IDXX	F	-0.3%	0.14%	-0.3%
ISRG	A	0.76%	0.78%	0.76%
MCHP	D	-0.23%	0.14%	-0.23%
META	D	1.64%	4.91%	1.64%
NVDA	C	1.72%	5.74%	1.72%
ON	D	-0.27%	0.12%	-0.27%
PEP	F	-0.25%	0.94%	-0.25%
TMUS	B	0.96%	0.5%	0.5%

EHLS Overweight 259 Positions Relative to QQH

Symbol	Grade	Weight
SPOT	B	2.25%
BMA	B	2.14%
CSWI	A	2.03%
QTWO	A	1.82%
HWM	A	1.8%
GDS	C	1.71%
LMB	A	1.7%
IRM	D	1.68%
PIPR	B	1.67%
SLG	B	1.62%
MSI	B	1.57%
USLM	A	1.53%
HWKN	B	1.46%
GVA	A	1.41%
IGIC	B	1.33%
VST	B	1.31%
SE	B	1.3%
FICO	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%
SFM	A	1.2%
CLBT	B	1.2%
NRG	B	1.2%
SKT	B	1.14%
REAX	D	1.1%
PAM	A	1.09%
RDNT	B	1.08%
SLVM	B	1.06%
ARES	A	1.05%
DASH	A	1.05%
FTDR	A	1.04%
TRGP	B	1.03%
TPL	A	1.02%
HOOD	B	1.01%
BRO	B	1.0%
AXP	A	1.0%
THC	D	0.98%
CBRE	B	0.98%
RSI	B	0.98%
NPAB	B	0.92%
EDN	B	0.92%
WAB	B	0.89%
ANET	C	0.88%
JXN	C	0.87%
GLNG	C	0.86%
PNTG	D	0.84%
MOD	A	0.82%
IESC	B	0.79%
COOP	B	0.78%
SKYW	B	0.76%
CNX	A	0.76%
KKR	A	0.76%
EME	C	0.75%
BSX	B	0.71%
PSN	D	0.7%
CDNA	D	0.62%
HLNE	B	0.62%
CCB	A	0.56%
AMAL	B	0.56%
AIT	A	0.55%
ALSN	B	0.55%
NBN	B	0.54%
BBSI	B	0.54%
FTI	A	0.53%
CNK	B	0.51%
PKG	A	0.49%
TWLO	A	0.49%
VERX	B	0.49%
CLH	B	0.48%
PGR	A	0.48%
FI	A	0.48%
TYL	B	0.48%
QFIN	B	0.47%
HUBB	B	0.46%
MMYT	B	0.46%
GRBK	D	0.46%
POWL	C	0.45%
UFPT	B	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	A	0.3%
CEIX	A	0.3%
FRHC	B	0.28%
KTB	B	0.27%
MUSA	A	0.27%
PPTA	C	0.27%
CASH	A	0.27%
EXLS	B	0.26%
LYV	A	0.26%
SOFI	A	0.25%
MLR	B	0.25%
PEGA	A	0.25%
SNEX	B	0.25%
MATX	C	0.24%
ONON	A	0.24%
BBW	B	0.24%
GATO	D	0.23%
TRUP	B	0.23%
EXEL	B	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	D	-0.18%
ENPH	F	-0.18%
WU	D	-0.18%
FLNG	B	-0.19%
W	F	-0.2%
BEN	C	-0.2%
COLD	D	-0.2%
VAL	D	-0.2%
AMRC	F	-0.2%
WRLD	C	-0.2%
ASH	D	-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	F	-0.22%
DOOO	F	-0.22%
LEA	D	-0.22%
MRK	F	-0.23%
ROG	D	-0.23%
DLB	B	-0.23%
NTST	D	-0.23%
APA	D	-0.23%
IMCR	D	-0.23%
NKE	D	-0.23%
TEX	D	-0.23%
ELV	F	-0.23%
OLN	D	-0.23%
NUE	C	-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	D	-0.24%
PLD	D	-0.24%
PD	C	-0.24%
ETSY	D	-0.24%
SITE	D	-0.24%
CC	C	-0.24%
ADM	D	-0.25%
HSY	F	-0.25%
JBSS	D	-0.25%
AKAM	D	-0.25%
OTEX	D	-0.25%
FTV	C	-0.25%
PCH	D	-0.25%
IPG	D	-0.25%
MTN	C	-0.25%
FUL	F	-0.25%
F	C	-0.25%
GIS	D	-0.25%
ATKR	C	-0.25%
REXR	F	-0.25%
ALV	C	-0.25%
MGM	D	-0.26%
GO	C	-0.26%
BG	F	-0.26%
THS	D	-0.26%
ARE	D	-0.26%
STZ	D	-0.26%
ALGM	D	-0.26%
IAC	D	-0.26%
CTRA	B	-0.26%
HDB	C	-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%
MTDR	B	-0.27%
SLAB	D	-0.27%
CNI	D	-0.27%
CWH	B	-0.27%
CDW	F	-0.27%
YELP	C	-0.28%
ALB	C	-0.28%
OKTA	C	-0.28%
VTLE	C	-0.28%
MUR	D	-0.28%
VRSN	F	-0.28%
MRTN	C	-0.28%
CRL	C	-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	B	-0.29%
SJM	D	-0.29%
CHRD	D	-0.29%
LKQ	D	-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	C	-0.29%
RPD	C	-0.29%
CIVI	D	-0.29%
PINS	D	-0.3%
ES	D	-0.3%
EG	C	-0.3%
SNOW	C	-0.3%
WFRD	D	-0.3%
RIO	D	-0.3%
HES	B	-0.3%
AVA	A	-0.3%
AWK	D	-0.3%
PPG	F	-0.3%
EVTC	B	-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	D	-0.32%
CAR	C	-0.32%
VLO	C	-0.32%
ALRM	C	-0.32%
TENB	C	-0.33%
OVV	B	-0.33%
NARI	C	-0.34%
AMR	C	-0.35%
UPS	C	-0.37%
PRGO	B	-0.44%

EHLS Underweight 82 Positions Relative to QQH

Symbol	Grade	Weight
TQQQ	C	-19.74%
AAPL	C	-11.9%
MSFT	F	-10.8%
AMZN	C	-4.82%
TSLA	B	-3.95%
AVGO	D	-3.33%
GOOGL	C	-2.1%
GOOG	C	-2.09%
COST	B	-1.74%
NFLX	A	-1.63%
CSCO	B	-1.03%
ADBE	C	-1.02%
AMD	F	-0.99%
LIN	D	-0.93%
QCOM	F	-0.83%
CMCSA	B	-0.77%
TXN	C	-0.74%
AMAT	F	-0.69%
INTU	C	-0.69%
BKNG	A	-0.69%
AMGN	D	-0.64%
HON	B	-0.62%
VRTX	F	-0.49%
GILD	C	-0.48%
ADP	B	-0.48%
PANW	C	-0.46%
SBUX	A	-0.46%
INTC	D	-0.43%
MU	D	-0.43%
ADI	D	-0.43%
PYPL	B	-0.38%
LRCX	F	-0.36%
MELI	D	-0.35%
MDLZ	F	-0.35%
REGN	F	-0.33%
CDNS	B	-0.32%
KLAC	D	-0.32%
SNPS	B	-0.31%
CRWD	B	-0.3%
MRVL	B	-0.3%
PDD	F	-0.3%
MAR	B	-0.29%
ORLY	B	-0.28%
CSX	B	-0.28%
TTD	B	-0.27%
FTNT	C	-0.26%
ADSK	A	-0.26%
PCAR	B	-0.23%
ROP	B	-0.23%
NXPI	D	-0.23%
ABNB	C	-0.23%
AEP	D	-0.21%
WDAY	B	-0.2%
ROST	C	-0.19%
BKR	B	-0.19%
FAST	B	-0.19%
PAYX	C	-0.18%
CPRT	A	-0.18%
XEL	A	-0.17%
VRSK	A	-0.17%
EA	A	-0.17%
CHTR	C	-0.16%
CTSH	B	-0.16%
ODFL	B	-0.16%
TEAM	A	-0.15%
EBAY	D	-0.14%
LULU	C	-0.14%
FANG	D	-0.13%
GEHC	F	-0.13%
KDP	D	-0.12%
MNST	C	-0.12%
DXCM	D	-0.12%
DDOG	A	-0.12%
ANSS	B	-0.11%
ILMN	D	-0.1%
KHC	F	-0.1%
BIIB	F	-0.1%
CCEP	C	-0.06%
MRNA	F	-0.05%
BNTX	D	-0.04%
SMCI	F	-0.03%
GFS	C	-0.01%