EHLS vs. XRLV ETF Comparison

Comparison of Even Herd Long Short ETF (EHLS) to PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV)

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

$23.30

Average Daily Volume

2,612

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response 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 include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.06

Average Daily Volume

788

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	EHLS	XRLV
30 Days	8.97%	2.19%
60 Days	10.38%	4.23%
90 Days	12.83%	6.00%
12 Months		23.15%

14 Overlapping Holdings

Symbol	Grade	Weight in EHLS	Weight in XRLV	Overlap
BK	A	1.24%	1.16%	1.16%
BRO	B	1.0%	0.97%	0.97%
CTAS	B	1.48%	1.0%	1.0%
ELV	F	-0.23%	0.64%	-0.23%
FI	A	0.48%	1.3%	0.48%
GIS	D	-0.25%	0.78%	-0.25%
MSI	B	1.57%	1.13%	1.13%
PEP	F	-0.25%	0.89%	-0.25%
PKG	A	0.49%	1.04%	0.49%
PPG	F	-0.3%	0.87%	-0.3%
STZ	D	-0.26%	0.87%	-0.26%
TMUS	B	0.96%	1.45%	0.96%
VRSN	C	-0.28%	0.93%	-0.28%
WELL	A	1.25%	0.99%	0.99%

EHLS Overweight 257 Positions Relative to XRLV

Symbol	Grade	Weight
SPOT	B	2.25%
BMA	C	2.14%
CSWI	B	2.03%
QTWO	A	1.82%
HWM	A	1.8%
NVDA	B	1.72%
GDS	C	1.71%
LMB	B	1.7%
IRM	C	1.68%
PIPR	A	1.67%
META	D	1.64%
SLG	B	1.62%
USLM	A	1.53%
HWKN	B	1.46%
GVA	A	1.41%
IGIC	B	1.33%
VST	A	1.31%
SE	A	1.3%
FICO	B	1.3%
CVNA	B	1.29%
CRS	B	1.27%
CW	C	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	A	1.09%
RDNT	B	1.08%
SLVM	B	1.06%
ARES	A	1.05%
DASH	B	1.05%
FTDR	B	1.04%
TRGP	A	1.03%
TPL	A	1.02%
HOOD	B	1.01%
AXP	A	1.0%
THC	D	0.98%
CBRE	B	0.98%
RSI	A	0.98%
NPAB	F	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	C	0.79%
COOP	B	0.78%
SKYW	C	0.76%
CNX	A	0.76%
ISRG	A	0.76%
KKR	A	0.76%
EME	A	0.75%
BSX	A	0.71%
PSN	D	0.7%
CDNA	D	0.62%
HLNE	B	0.62%
CCB	A	0.56%
AMAL	B	0.56%
AIT	B	0.55%
ALSN	B	0.55%
NBN	C	0.54%
BBSI	B	0.54%
FTI	A	0.53%
CNK	C	0.51%
TWLO	A	0.49%
VERX	A	0.49%
CLH	C	0.48%
PGR	A	0.48%
TYL	B	0.48%
QFIN	A	0.47%
HUBB	B	0.46%
MMYT	B	0.46%
GRBK	D	0.46%
POWL	C	0.45%
UFPT	C	0.44%
RNA	C	0.44%
ALHC	C	0.42%
CACI	D	0.42%
RKLB	A	0.39%
WULF	C	0.34%
YPF	B	0.32%
TCBX	B	0.3%
CEIX	A	0.3%
FRHC	B	0.28%
KTB	B	0.27%
MUSA	B	0.27%
PPTA	C	0.27%
CASH	B	0.27%
EXLS	B	0.26%
LYV	A	0.26%
SOFI	B	0.25%
MLR	C	0.25%
PEGA	B	0.25%
SNEX	B	0.25%
MATX	C	0.24%
ONON	A	0.24%
BBW	C	0.24%
GATO	C	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	F	-0.18%
ENPH	F	-0.18%
WU	F	-0.18%
FLNG	C	-0.19%
W	D	-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	F	-0.21%
ASML	F	-0.22%
IGT	F	-0.22%
ENOV	C	-0.22%
PARR	F	-0.22%
FIVE	F	-0.22%
AVTR	F	-0.22%
DOOO	F	-0.22%
LEA	F	-0.22%
CSGP	D	-0.23%
MRK	D	-0.23%
ROG	D	-0.23%
DLB	B	-0.23%
NTST	C	-0.23%
APA	D	-0.23%
IMCR	D	-0.23%
NKE	F	-0.23%
TEX	F	-0.23%
MCHP	F	-0.23%
OLN	F	-0.23%
NUE	C	-0.23%
SCL	C	-0.24%
OMI	F	-0.24%
ENTG	D	-0.24%
CWT	C	-0.24%
WPC	C	-0.24%
ODP	F	-0.24%
NSP	F	-0.24%
WOR	F	-0.24%
APLS	F	-0.24%
PLD	F	-0.24%
PD	C	-0.24%
ETSY	D	-0.24%
SITE	F	-0.24%
CC	C	-0.24%
ADM	D	-0.25%
HSY	F	-0.25%
JBSS	F	-0.25%
AKAM	D	-0.25%
OTEX	F	-0.25%
FTV	C	-0.25%
PCH	F	-0.25%
IPG	D	-0.25%
MTN	C	-0.25%
FUL	F	-0.25%
F	C	-0.25%
ATKR	D	-0.25%
REXR	F	-0.25%
ALV	C	-0.25%
MGM	D	-0.26%
GO	C	-0.26%
BG	D	-0.26%
THS	D	-0.26%
ARE	F	-0.26%
ALGM	D	-0.26%
IAC	F	-0.26%
CTRA	B	-0.26%
HDB	C	-0.26%
FMX	F	-0.26%
SON	F	-0.26%
CALX	D	-0.27%
DVN	F	-0.27%
COHU	C	-0.27%
HXL	F	-0.27%
ON	D	-0.27%
MTDR	B	-0.27%
SLAB	F	-0.27%
CNI	F	-0.27%
CWH	B	-0.27%
CDW	F	-0.27%
YELP	C	-0.28%
ALB	B	-0.28%
OKTA	C	-0.28%
VTLE	C	-0.28%
MUR	D	-0.28%
MRTN	D	-0.28%
CRL	D	-0.28%
USPH	B	-0.28%
SJW	F	-0.28%
PZZA	F	-0.28%
CENTA	C	-0.28%
TDC	D	-0.29%
FIVN	C	-0.29%
UGI	C	-0.29%
HP	C	-0.29%
SJM	D	-0.29%
CHRD	D	-0.29%
LKQ	F	-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	B	-0.29%
CIVI	D	-0.29%
EXC	C	-0.3%
PINS	F	-0.3%
ES	C	-0.3%
EG	C	-0.3%
SNOW	B	-0.3%
WFRD	D	-0.3%
RIO	D	-0.3%
HES	B	-0.3%
AVA	A	-0.3%
AWK	C	-0.3%
EVTC	B	-0.3%
IDXX	F	-0.3%
HELE	C	-0.3%
ACI	C	-0.3%
DIOD	D	-0.3%
KMX	B	-0.31%
OXM	F	-0.31%
ZD	B	-0.31%
IRTC	C	-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	C	-0.44%

EHLS Underweight 86 Positions Relative to XRLV

Symbol	Grade	Weight
BRK.A	B	-1.43%
V	A	-1.34%
KMI	A	-1.28%
AMP	A	-1.26%
L	A	-1.24%
WMB	A	-1.22%
RSG	A	-1.21%
MA	B	-1.19%
WMT	A	-1.19%
HON	C	-1.18%
OKE	A	-1.16%
MMC	B	-1.14%
PG	C	-1.13%
ITW	B	-1.13%
TJX	A	-1.13%
ATO	A	-1.12%
KO	D	-1.12%
JPM	A	-1.12%
AME	A	-1.11%
ETR	B	-1.11%
CSCO	B	-1.11%
PM	B	-1.08%
IEX	C	-1.07%
ROP	B	-1.06%
CME	B	-1.06%
MCD	D	-1.06%
MET	A	-1.05%
CB	C	-1.04%
PRU	A	-1.04%
ADP	A	-1.04%
LIN	C	-1.04%
HIG	B	-1.03%
SRE	A	-1.03%
CL	D	-1.03%
HLT	A	-1.02%
JNJ	C	-1.01%
PPL	A	-1.0%
PEG	A	-0.99%
YUM	D	-0.99%
CHD	A	-0.99%
PFG	D	-0.99%
DRI	B	-0.98%
COR	B	-0.98%
PAYX	B	-0.98%
WM	B	-0.98%
MO	A	-0.97%
NI	A	-0.97%
EA	A	-0.97%
CSX	C	-0.96%
AIG	B	-0.96%
DUK	C	-0.96%
AJG	A	-0.95%
AFL	B	-0.95%
UNP	C	-0.94%
BR	A	-0.94%
LNT	A	-0.94%
WEC	A	-0.93%
GD	D	-0.93%
SO	C	-0.93%
ABT	B	-0.92%
DGX	A	-0.92%
AVB	B	-0.92%
AVY	F	-0.92%
CMS	C	-0.91%
MDT	D	-0.91%
LH	B	-0.91%
LMT	D	-0.9%
VRSK	A	-0.9%
EVRG	A	-0.9%
OMC	C	-0.89%
KMB	C	-0.88%
MCK	A	-0.88%
ECL	D	-0.88%
FE	C	-0.87%
MDLZ	F	-0.87%
ED	C	-0.87%
JKHY	D	-0.86%
HOLX	D	-0.85%
SYY	D	-0.84%
CBOE	C	-0.83%
KDP	F	-0.81%
BDX	F	-0.8%
ABBV	F	-0.76%
LYB	F	-0.76%
DOW	F	-0.71%
REGN	F	-0.66%