EHLS vs. XHS ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to SPDR S&P Health Care Services ETF (XHS)

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

$22.52

Average Daily Volume

2,786

Number of Holdings ^*

279

* may have additional holdings in another (foreign) market

XHS

SPDR S&P Health Care Services ETF

XHS Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care providers and services segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care services industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$91.60

Average Daily Volume

3,936

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	XHS
30 Days	3.97%	-6.14%
60 Days	7.71%	-6.57%
90 Days	11.83%	-4.99%
12 Months		10.19%

10 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in XHS	Overlap
ALHC	C	0.5%	1.14%	0.5%
AMN	F	-0.27%	1.06%	-0.27%
ELV	F	-0.24%	1.55%	-0.24%
NEO	C	-0.31%	1.45%	-0.31%
OMI	F	-0.47%	1.48%	-0.47%
PGNY	F	-0.38%	1.21%	-0.38%
PNTG	D	0.85%	0.71%	0.71%
RDNT	B	0.96%	2.5%	0.96%
THC	C	1.06%	2.1%	1.06%
USPH	C	-0.56%	1.7%	-0.56%

EHLS Overweight 269 Positions Relative to XHS

Symbol	Grade	Weight
BMA	A	2.18%
CSWI	B	2.08%
SPOT	A	1.95%
QTWO	A	1.91%
GDS	B	1.87%
NVDA	B	1.8%
HWM	A	1.79%
META	C	1.74%
LMB	A	1.73%
SLG	B	1.73%
IRM	D	1.71%
USLM	A	1.7%
PIPR	A	1.66%
FICO	A	1.6%
VST	A	1.54%
NRG	B	1.53%
CTAS	B	1.51%
MSI	A	1.5%
HWKN	C	1.42%
GVA	A	1.4%
REAX	C	1.38%
CW	B	1.32%
SLVM	B	1.32%
ADMA	C	1.31%
CVNA	A	1.29%
IGIC	A	1.29%
CBRE	B	1.29%
CEG	D	1.29%
CLBT	C	1.27%
CRS	A	1.26%
SFM	A	1.25%
WELL	A	1.25%
TPL	A	1.23%
BK	A	1.22%
SE	B	1.21%
IIPR	F	1.18%
SKT	A	1.12%
TPB	A	1.11%
FTDR	B	1.08%
DASH	B	1.06%
PLTR	A	1.06%
CNX	A	1.05%
ARES	B	1.05%
ANET	C	1.01%
BRO	B	1.0%
AXP	A	1.0%
PAM	A	0.99%
GLNG	C	0.98%
JXN	B	0.95%
RSI	B	0.95%
TMUS	A	0.94%
ZETA	F	0.9%
WAB	B	0.9%
EDN	A	0.86%
MOD	C	0.85%
IESC	B	0.82%
NPAB	F	0.81%
COOP	B	0.8%
PSN	C	0.79%
KKR	A	0.77%
ISRG	A	0.76%
HOOD	A	0.75%
YOU	D	0.73%
CDNA	D	0.7%
TIGO	D	0.7%
BSX	B	0.7%
HLNE	A	0.61%
ALSN	B	0.56%
AMAL	B	0.56%
SKYW	A	0.56%
NBN	A	0.55%
BBSI	A	0.54%
TRGP	A	0.54%
AIT	A	0.54%
FTI	A	0.53%
CCB	A	0.53%
RNA	C	0.5%
CLH	C	0.5%
EME	B	0.5%
HUBB	B	0.49%
MMYT	C	0.49%
HRB	D	0.49%
PKG	B	0.49%
TYL	B	0.49%
WMT	A	0.49%
PGR	B	0.48%
OHI	C	0.48%
GRBK	D	0.47%
FI	A	0.47%
TEVA	D	0.46%
BEKE	C	0.45%
JD	C	0.43%
OSCR	F	0.32%
POWL	C	0.29%
CNK	A	0.29%
YPF	A	0.28%
MLR	B	0.28%
CASH	A	0.27%
FRHC	A	0.27%
RKLB	B	0.27%
EXLS	B	0.26%
KTB	A	0.26%
PPTA	A	0.26%
UFPT	C	0.26%
BBW	B	0.25%
LYV	A	0.25%
SNEX	A	0.25%
MUSA	A	0.25%
MATX	B	0.24%
EXEL	B	0.24%
VIST	C	0.24%
CACI	C	0.24%
AORT	B	0.24%
GATO	D	0.24%
TCBX	A	0.24%
ONON	A	0.23%
QFIN	B	0.23%
TRUP	A	0.21%
CSTM	F	-0.08%
NEP	F	-0.1%
CVI	D	-0.13%
CQP	A	-0.14%
STNG	F	-0.17%
AES	F	-0.17%
FLNG	D	-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	F	-0.21%
VAL	F	-0.21%
ALGT	A	-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	D	-0.23%
AMRC	F	-0.24%
MTN	C	-0.24%
F	C	-0.24%
CWT	C	-0.24%
CTRA	A	-0.24%
AVTR	F	-0.24%
IGT	F	-0.24%
WPC	D	-0.24%
PLD	D	-0.24%
NTST	D	-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	D	-0.25%
ROG	D	-0.25%
GO	C	-0.25%
GEF	A	-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	D	-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	B	-0.26%
APLS	F	-0.26%
SON	D	-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	C	-0.27%
ENTG	F	-0.27%
MCHP	F	-0.27%
SIGI	A	-0.28%
MUR	F	-0.28%
ATKR	C	-0.28%
URBN	C	-0.28%
SJW	F	-0.28%
ARE	D	-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	D	-0.29%
UGI	C	-0.29%
UPBD	B	-0.29%
SLB	C	-0.29%
HELE	C	-0.29%
YELP	C	-0.29%
VRSN	D	-0.29%
CENT	C	-0.29%
SLAB	F	-0.3%
CHRD	F	-0.3%
CDW	F	-0.3%
CVX	A	-0.3%
KMX	B	-0.3%
EVTC	C	-0.3%
ON	F	-0.3%
DIS	A	-0.3%
ALGM	F	-0.3%
CAR	C	-0.3%
TDC	F	-0.3%
CIVI	F	-0.3%
LW	C	-0.3%
RPD	C	-0.3%
IAC	D	-0.3%
SNOW	C	-0.3%
OXM	F	-0.31%
HP	C	-0.31%
CRL	D	-0.31%
ALLY	C	-0.31%
OVV	C	-0.31%
COHU	D	-0.31%
CARS	B	-0.31%
VLO	C	-0.31%
WFRD	F	-0.32%
FIZZ	B	-0.32%
PZZA	D	-0.32%
SPT	C	-0.32%
CALX	F	-0.32%
IOSP	C	-0.32%
MTRN	C	-0.33%
BHF	A	-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%
RYI	B	-0.4%
PARR	D	-0.44%
EPAM	B	-0.44%
PRGO	C	-0.44%
CSGP	F	-0.46%
IMCR	D	-0.54%
ALRM	C	-0.58%

EHLS Underweight 48 Positions Relative to XHS

Symbol	Grade	Weight
HIMS	C	-2.63%
HQY	A	-2.56%
MCK	A	-2.46%
GH	B	-2.36%
PINC	B	-2.35%
EHC	B	-2.27%
LH	B	-2.26%
CAH	B	-2.24%
SEM	B	-2.21%
DGX	A	-2.13%
RCM	A	-2.12%
COR	B	-2.12%
PRVA	B	-2.1%
UNH	B	-2.09%
CHE	D	-2.05%
ENSG	D	-2.0%
CVS	F	-1.99%
DVA	C	-1.98%
HSIC	D	-1.98%
ADUS	D	-1.96%
AMED	F	-1.95%
PDCO	F	-1.87%
CI	D	-1.86%
HUM	F	-1.84%
HCA	D	-1.83%
UHS	D	-1.81%
MOH	F	-1.79%
SGRY	F	-1.67%
CRVL	B	-1.65%
CNC	F	-1.63%
BKD	F	-1.48%
OPCH	F	-1.45%
MD	B	-1.41%
AHCO	D	-1.25%
CLOV	C	-1.25%
CSTL	C	-1.24%
LFST	C	-1.24%
ACHC	F	-1.05%
NHC	B	-1.02%
ASTH	F	-1.01%
AGL	F	-1.01%
ACCD	F	-0.64%
OPK	A	-0.64%
CYH	F	-0.63%
CCRN	F	-0.59%
MODV	C	-0.52%
FLGT	F	-0.42%
NRC	F	-0.31%