EHLS vs. ULVM ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$87.13

Average Daily Volume

2,596

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	ULVM
30 Days	11.20%	7.75%
60 Days	13.37%	8.41%
90 Days	14.65%	11.07%
12 Months		37.73%

24 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in ULVM	Overlap
ADM	D	-0.25%	0.44%	-0.25%
ARE	D	-0.26%	0.55%	-0.26%
AXP	A	1.0%	0.9%	0.9%
BK	A	1.24%	1.22%	1.22%
BSX	B	0.71%	1.2%	0.71%
CBRE	A	0.98%	0.76%	0.76%
CVNA	B	1.29%	0.38%	0.38%
ELV	F	-0.23%	0.69%	-0.23%
EME	B	0.75%	0.81%	0.75%
EXC	C	-0.3%	0.86%	-0.3%
F	C	-0.25%	0.46%	-0.25%
FI	A	0.48%	1.39%	0.48%
HWM	B	1.8%	0.66%	0.66%
IRM	C	1.68%	0.78%	0.78%
KKR	A	0.76%	0.72%	0.72%
META	D	1.64%	0.51%	0.51%
NVDA	C	1.72%	0.42%	0.42%
PKG	A	0.49%	1.16%	0.49%
THC	D	0.98%	0.52%	0.52%
TRGP	B	1.03%	1.28%	1.03%
VLO	C	-0.32%	0.62%	-0.32%
VST	B	1.31%	0.67%	0.67%
WAB	A	0.89%	1.03%	0.89%
WELL	A	1.25%	1.22%	1.22%

EHLS Overweight 247 Positions Relative to ULVM

Symbol	Grade	Weight
SPOT	B	2.25%
BMA	B	2.14%
CSWI	B	2.03%
QTWO	A	1.82%
GDS	D	1.71%
LMB	B	1.7%
PIPR	B	1.67%
SLG	B	1.62%
MSI	B	1.57%
USLM	A	1.53%
CTAS	A	1.48%
HWKN	A	1.46%
GVA	B	1.41%
IGIC	A	1.33%
SE	B	1.3%
FICO	A	1.3%
CRS	A	1.27%
CW	B	1.26%
ADMA	B	1.26%
PLTR	B	1.25%
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%
RSI	A	0.98%
TMUS	A	0.96%
NPAB	B	0.92%
EDN	B	0.92%
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%
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%
TWLO	B	0.49%
VERX	A	0.49%
CLH	B	0.48%
PGR	A	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%
MRK	D	-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%
HSY	F	-0.25%
JBSS	D	-0.25%
AKAM	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%
PEP	F	-0.25%
GIS	D	-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%
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%
VRSN	C	-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%
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	B	-0.29%
RPD	C	-0.29%
CIVI	F	-0.29%
PINS	D	-0.3%
ES	D	-0.3%
EG	C	-0.3%
SNOW	C	-0.3%
WFRD	F	-0.3%
RIO	F	-0.3%
HES	B	-0.3%
AVA	B	-0.3%
AWK	D	-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%
ALRM	C	-0.32%
TENB	C	-0.33%
OVV	C	-0.33%
NARI	C	-0.34%
AMR	C	-0.35%
UPS	C	-0.37%
PRGO	C	-0.44%

EHLS Underweight 101 Positions Relative to ULVM

Symbol	Grade	Weight
KMI	B	-1.47%
BRK.A	B	-1.38%
L	A	-1.3%
ETR	A	-1.27%
PEG	A	-1.22%
WMT	A	-1.2%
LMT	D	-1.19%
DUK	C	-1.18%
GD	F	-1.11%
T	A	-1.09%
APP	B	-1.08%
LDOS	D	-1.07%
JPM	B	-1.03%
RTX	D	-1.02%
SSNC	A	-1.01%
GDDY	A	-1.0%
HIG	A	-1.0%
FOXA	C	-0.99%
AVB	A	-0.98%
MCK	B	-0.96%
GS	A	-0.96%
KR	A	-0.96%
COST	A	-0.95%
DGX	B	-0.94%
WFC	A	-0.94%
CTSH	A	-0.93%
COF	B	-0.92%
BAC	A	-0.92%
AIG	B	-0.91%
UAL	B	-0.91%
NWSA	B	-0.9%
EQH	B	-0.9%
VZ	B	-0.9%
VICI	C	-0.9%
DAL	B	-0.89%
MLM	B	-0.89%
TSN	B	-0.88%
ESS	B	-0.87%
CI	D	-0.87%
IBM	C	-0.86%
SPG	A	-0.86%
LYB	F	-0.85%
KIM	A	-0.85%
RGA	A	-0.85%
MSTR	C	-0.84%
GRMN	B	-0.82%
SYF	A	-0.82%
C	B	-0.82%
WY	D	-0.82%
IR	A	-0.81%
STLD	B	-0.81%
APH	B	-0.8%
KHC	D	-0.8%
DOW	F	-0.8%
FITB	B	-0.76%
NVR	D	-0.75%
IP	B	-0.75%
TFC	B	-0.74%
TXT	D	-0.74%
GOOGL	C	-0.74%
VTRS	B	-0.73%
CSL	B	-0.73%
FCNCA	B	-0.72%
CASY	B	-0.72%
GM	C	-0.72%
PSX	C	-0.71%
OC	B	-0.71%
FANG	F	-0.69%
REGN	F	-0.68%
DD	D	-0.67%
CRBG	B	-0.67%
HCA	F	-0.67%
CFG	B	-0.66%
GE	C	-0.66%
PFE	D	-0.65%
UTHR	B	-0.64%
KEY	B	-0.62%
HPQ	B	-0.6%
FDX	B	-0.59%
NTAP	B	-0.59%
CVS	D	-0.58%
HPE	B	-0.58%
PHM	D	-0.58%
MPC	D	-0.58%
VRT	B	-0.56%
URI	B	-0.55%
CNC	F	-0.54%
LEN	D	-0.54%
TOL	B	-0.53%
WSM	B	-0.52%
LLY	D	-0.49%
ALLY	B	-0.48%
DHI	D	-0.47%
WDC	C	-0.46%
AVGO	D	-0.41%
MU	D	-0.4%
BLDR	D	-0.4%
INTC	D	-0.39%
SWKS	D	-0.38%
DELL	C	-0.34%
MRNA	F	-0.14%