EHLS vs. SPMO ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to PowerShares S&P 500 Momentum Portfolio (SPMO)

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

$22.37

Average Daily Volume

2,997

Number of Holdings ^*

279

* may have additional holdings in another (foreign) market

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.45

Average Daily Volume

690,935

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	SPMO
30 Days	5.16%	2.40%
60 Days	8.64%	7.23%
90 Days	12.23%	8.07%
12 Months		56.43%

25 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in SPMO	Overlap
ANET	C	1.01%	1.03%	1.01%
AXP	B	1.0%	1.36%	1.0%
BK	B	1.22%	0.52%	0.52%
BRO	B	1.0%	0.2%	0.2%
BSX	A	0.7%	0.96%	0.7%
CEG	D	1.29%	0.61%	0.61%
CTAS	B	1.51%	0.72%	0.72%
FI	A	0.47%	0.76%	0.47%
FICO	B	1.6%	0.54%	0.54%
HWM	B	1.79%	0.43%	0.43%
IRM	D	1.71%	0.36%	0.36%
KKR	B	0.77%	1.21%	0.77%
META	B	1.74%	6.51%	1.74%
MSI	B	1.5%	0.63%	0.63%
NRG	C	1.53%	0.23%	0.23%
NVDA	A	1.8%	10.46%	1.8%
PGR	A	0.48%	1.57%	0.48%
PKG	B	0.49%	0.14%	0.14%
TMUS	A	0.94%	0.95%	0.94%
TRGP	B	0.54%	0.44%	0.44%
TYL	B	0.49%	0.16%	0.16%
VST	B	1.54%	0.56%	0.56%
WAB	B	0.9%	0.22%	0.22%
WELL	B	1.25%	0.56%	0.56%
WMT	A	0.49%	2.33%	0.49%

EHLS Overweight 254 Positions Relative to SPMO

Symbol	Grade	Weight
BMA	B	2.18%
CSWI	B	2.08%
SPOT	A	1.95%
QTWO	B	1.91%
GDS	C	1.87%
LMB	B	1.73%
SLG	C	1.73%
USLM	B	1.7%
PIPR	B	1.66%
HWKN	C	1.42%
GVA	B	1.4%
REAX	C	1.38%
CW	C	1.32%
SLVM	C	1.32%
ADMA	C	1.31%
CVNA	B	1.29%
IGIC	A	1.29%
CBRE	B	1.29%
CLBT	C	1.27%
CRS	B	1.26%
SFM	B	1.25%
TPL	B	1.23%
SE	B	1.21%
IIPR	F	1.18%
SKT	A	1.12%
TPB	B	1.11%
FTDR	B	1.08%
THC	B	1.06%
DASH	A	1.06%
PLTR	B	1.06%
CNX	B	1.05%
ARES	B	1.05%
PAM	A	0.99%
GLNG	C	0.98%
RDNT	B	0.96%
JXN	C	0.95%
RSI	B	0.95%
ZETA	F	0.9%
EDN	A	0.86%
MOD	D	0.85%
PNTG	D	0.85%
IESC	B	0.82%
NPAB	F	0.81%
COOP	B	0.8%
PSN	C	0.79%
ISRG	A	0.76%
HOOD	B	0.75%
YOU	D	0.73%
CDNA	D	0.7%
TIGO	D	0.7%
HLNE	B	0.61%
ALSN	B	0.56%
AMAL	B	0.56%
SKYW	B	0.56%
NBN	B	0.55%
BBSI	B	0.54%
AIT	A	0.54%
FTI	B	0.53%
CCB	A	0.53%
RNA	B	0.5%
CLH	B	0.5%
EME	B	0.5%
ALHC	C	0.5%
HUBB	C	0.49%
MMYT	C	0.49%
HRB	D	0.49%
OHI	C	0.48%
GRBK	D	0.47%
TEVA	D	0.46%
BEKE	C	0.45%
JD	C	0.43%
OSCR	D	0.32%
POWL	C	0.29%
CNK	B	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	C	0.26%
UFPT	C	0.26%
BBW	B	0.25%
LYV	A	0.25%
SNEX	B	0.25%
MUSA	B	0.25%
MATX	B	0.24%
EXEL	B	0.24%
VIST	B	0.24%
CACI	C	0.24%
AORT	C	0.24%
GATO	C	0.24%
TCBX	B	0.24%
ONON	B	0.23%
QFIN	C	0.23%
TRUP	B	0.21%
CSTM	F	-0.08%
NEP	F	-0.1%
CVI	F	-0.13%
CQP	B	-0.14%
STNG	F	-0.17%
AES	F	-0.17%
FLNG	C	-0.18%
WU	F	-0.18%
APTV	F	-0.19%
WRLD	C	-0.2%
BEN	C	-0.2%
ELF	C	-0.2%
VSAT	F	-0.2%
DG	F	-0.21%
ENPH	F	-0.21%
W	F	-0.21%
VAL	D	-0.21%
ALGT	B	-0.21%
ADNT	D	-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	D	-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	D	-0.24%
CTRA	B	-0.24%
AVTR	F	-0.24%
IGT	F	-0.24%
WPC	F	-0.24%
PLD	D	-0.24%
NTST	F	-0.24%
VC	F	-0.24%
WSC	F	-0.24%
SITE	D	-0.25%
CC	C	-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	F	-0.25%
ROG	D	-0.25%
GO	C	-0.25%
GEF	B	-0.25%
DKNG	B	-0.25%
ADM	F	-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	C	-0.25%
MRK	F	-0.25%
MGM	D	-0.26%
MTDR	B	-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	C	-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	C	-0.27%
AMN	F	-0.27%
ENTG	F	-0.27%
MCHP	F	-0.27%
SIGI	B	-0.28%
MUR	D	-0.28%
ATKR	C	-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	C	-0.29%
MRTN	C	-0.29%
LKQ	C	-0.29%
UGI	D	-0.29%
UPBD	B	-0.29%
SLB	C	-0.29%
HELE	C	-0.29%
YELP	C	-0.29%
VRSN	C	-0.29%
CENT	C	-0.29%
SLAB	F	-0.3%
CHRD	D	-0.3%
CDW	F	-0.3%
CVX	A	-0.3%
KMX	B	-0.3%
EVTC	C	-0.3%
ON	F	-0.3%
DIS	B	-0.3%
ALGM	F	-0.3%
CAR	C	-0.3%
TDC	F	-0.3%
CIVI	D	-0.3%
LW	B	-0.3%
RPD	C	-0.3%
IAC	F	-0.3%
SNOW	C	-0.3%
OXM	D	-0.31%
NEO	B	-0.31%
HP	C	-0.31%
CRL	C	-0.31%
ALLY	C	-0.31%
OVV	C	-0.31%
COHU	C	-0.31%
CARS	B	-0.31%
VLO	C	-0.31%
WFRD	F	-0.32%
FIZZ	C	-0.32%
PZZA	D	-0.32%
SPT	C	-0.32%
CALX	F	-0.32%
IOSP	B	-0.32%
MTRN	B	-0.33%
BHF	B	-0.33%
TENB	C	-0.34%
IRTC	C	-0.35%
AMR	C	-0.35%
DIOD	F	-0.35%
NARI	C	-0.35%
PINS	F	-0.36%
QLYS	B	-0.36%
UPS	C	-0.37%
PGNY	F	-0.38%
RYI	B	-0.4%
PARR	F	-0.44%
EPAM	B	-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 73 Positions Relative to SPMO

Symbol	Grade	Weight
AMZN	A	-9.87%
AVGO	C	-5.96%
BRK.A	B	-5.81%
LLY	F	-5.42%
JPM	A	-5.07%
COST	B	-3.73%
GE	D	-2.07%
GS	B	-1.41%
IBM	D	-1.3%
AMGN	F	-1.15%
T	A	-1.09%
RTX	D	-1.0%
TJX	A	-0.95%
ETN	B	-0.94%
C	B	-0.86%
VRTX	B	-0.82%
TT	B	-0.81%
CB	C	-0.79%
MCK	B	-0.79%
REGN	F	-0.77%
APH	B	-0.67%
ICE	C	-0.64%
CL	F	-0.59%
TDG	D	-0.58%
KLAC	F	-0.57%
GD	C	-0.57%
PH	A	-0.5%
CMG	B	-0.46%
ALL	B	-0.43%
WM	A	-0.43%
WMB	B	-0.43%
AJG	A	-0.42%
HLT	A	-0.42%
HIG	C	-0.37%
URI	B	-0.36%
AFL	C	-0.35%
OKE	A	-0.35%
ECL	C	-0.33%
AIG	B	-0.33%
IR	A	-0.33%
RSG	B	-0.32%
PRU	B	-0.31%
GWW	B	-0.31%
GDDY	B	-0.3%
KMI	B	-0.3%
PSX	C	-0.29%
GRMN	A	-0.29%
COR	B	-0.27%
MPC	D	-0.26%
RCL	A	-0.26%
PEG	C	-0.25%
IT	B	-0.24%
LDOS	C	-0.24%
AXON	B	-0.23%
FANG	C	-0.22%
NDAQ	B	-0.21%
VLTO	D	-0.21%
MLM	B	-0.2%
WTW	A	-0.2%
FITB	A	-0.19%
NTAP	D	-0.19%
PHM	D	-0.18%
STX	D	-0.16%
SYF	B	-0.16%
DECK	B	-0.16%
BR	A	-0.15%
NVR	D	-0.15%
CBOE	D	-0.13%
WRB	B	-0.11%
L	A	-0.1%
UHS	D	-0.09%
NWSA	B	-0.07%
NWS	B	-0.02%