FDM vs. EHLS ETF Comparison

Comparison of First Trust DJ Select MicroCap ETF (FDM) to Even Herd Long Short ETF (EHLS)

FDM

First Trust DJ Select MicroCap ETF

FDM Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Dow Jones Select MicroCap Index(SM) (the "index"). The fund will normally invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in common stocks of U.S. micro-capitalization companies which are publicly traded in the United States. The index is comprised of selected U.S. micro-capitalization companies chosen from all common stocks traded on the NewYork Stock Exchange, the NYSE MKT and NASDAQ(R) with limited partnerships excluded.

Grade (RS Rating)

Last Trade

$69.30

Average Daily Volume

14,048

Number of Holdings ^*

131

* may have additional holdings in another (foreign) market

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

$22.81

Average Daily Volume

2,628

Number of Holdings ^*

279

* may have additional holdings in another (foreign) market

Performance

Period	FDM	EHLS
30 Days	4.62%	7.07%
60 Days	8.47%	8.87%
90 Days	11.48%	12.81%
12 Months	26.15%

7 Overlapping Holdings

Symbol	Grade	Weight in FDM	Weight in EHLS	Overlap
ANET	C	1.14%	1.01%	1.01%
CENT	C	0.61%	-0.29%	-0.29%
LMB	A	1.59%	1.73%	1.59%
MLR	C	1.34%	0.28%	0.28%
NBN	B	1.16%	0.55%	0.55%
TPB	A	1.79%	1.11%	1.11%
WRLD	D	0.68%	-0.2%	-0.2%

FDM Overweight 124 Positions Relative to EHLS

Symbol	Grade	Weight
LEU	C	1.98%
VMEO	C	1.78%
ASTE	C	1.48%
BJRI	C	1.47%
CPF	B	1.46%
GLDD	B	1.42%
IBCP	B	1.38%
ASIX	C	1.38%
HCKT	B	1.35%
HAYN	A	1.34%
ETD	D	1.15%
RGR	F	1.13%
PTLO	F	1.13%
IMXI	B	1.13%
MCB	B	1.1%
SMBC	B	1.08%
EZPW	A	1.08%
SPTN	F	1.06%
SNCY	C	1.05%
SWBI	C	1.02%
PLOW	D	1.01%
DAKT	B	1.01%
UVE	A	1.0%
WLFC	C	0.99%
LQDT	A	0.97%
EGY	F	0.96%
WLDN	C	0.96%
NWPX	A	0.92%
CCBG	B	0.92%
LYTS	A	0.92%
MPB	B	0.88%
SHBI	B	0.86%
KELYA	F	0.85%
CSV	B	0.85%
KE	C	0.85%
AROW	B	0.84%
EE	A	0.82%
DHIL	A	0.82%
ESQ	B	0.82%
MOFG	B	0.82%
NRIM	A	0.81%
ARKO	D	0.8%
TIPT	B	0.8%
LINC	C	0.79%
TTI	B	0.79%
LXU	C	0.78%
TRDA	C	0.77%
CCSI	C	0.77%
HNRG	B	0.75%
FISI	B	0.73%
FC	F	0.71%
FMAO	B	0.7%
ITIC	A	0.7%
PLPC	B	0.69%
BSRR	C	0.69%
CMPO	B	0.68%
NPK	C	0.68%
NECB	B	0.67%
USAP	A	0.67%
DCGO	B	0.65%
GLRE	B	0.65%
TCMD	B	0.65%
SD	F	0.65%
CWCO	C	0.64%
LGTY	B	0.63%
ODC	C	0.62%
RMR	F	0.62%
OPY	B	0.62%
NGVC	A	0.6%
NEWT	B	0.6%
KODK	B	0.59%
INBK	B	0.57%
ARTNA	F	0.56%
REPX	A	0.55%
ACIC	B	0.55%
CCRN	F	0.55%
SENEA	A	0.53%
LOCO	D	0.53%
MOV	D	0.53%
HVT	D	0.52%
LEGH	D	0.5%
RM	D	0.48%
MCFT	C	0.47%
VPG	F	0.46%
PKOH	B	0.46%
SIGA	F	0.45%
AMPY	D	0.44%
HRTG	C	0.44%
CRCT	F	0.44%
FSTR	B	0.43%
TASK	C	0.41%
NGS	A	0.41%
PWOD	A	0.37%
VLGEA	C	0.37%
KRT	B	0.36%
FLXS	B	0.35%
MITT	D	0.35%
NATR	B	0.34%
JILL	D	0.33%
SGC	C	0.33%
LSEA	F	0.33%
JRVR	F	0.31%
REI	F	0.3%
EML	F	0.29%
RCKY	F	0.28%
EARN	C	0.28%
ACTG	F	0.28%
ESOA	A	0.27%
AVNW	F	0.27%
BTMD	B	0.26%
VIRC	C	0.25%
FF	F	0.24%
ACU	C	0.24%
PEBK	B	0.24%
TAYD	F	0.24%
LAKE	B	0.24%
TWIN	F	0.23%
BBCP	F	0.23%
HBB	F	0.21%
LWAY	C	0.2%
FEIM	B	0.19%
INTT	D	0.16%
KEQU	B	0.14%
CSPI	C	0.14%

FDM Underweight 272 Positions Relative to EHLS

Symbol	Grade	Weight
BMA	B	-2.18%
CSWI	A	-2.08%
SPOT	B	-1.95%
QTWO	B	-1.91%
GDS	C	-1.87%
NVDA	A	-1.8%
HWM	A	-1.79%
META	C	-1.74%
SLG	B	-1.73%
IRM	C	-1.71%
USLM	A	-1.7%
PIPR	B	-1.66%
FICO	B	-1.6%
VST	A	-1.54%
NRG	B	-1.53%
CTAS	B	-1.51%
MSI	B	-1.5%
HWKN	B	-1.42%
GVA	A	-1.4%
REAX	C	-1.38%
CW	B	-1.32%
SLVM	C	-1.32%
ADMA	C	-1.31%
CVNA	A	-1.29%
IGIC	A	-1.29%
CBRE	B	-1.29%
CEG	C	-1.29%
CLBT	B	-1.27%
CRS	A	-1.26%
SFM	A	-1.25%
WELL	A	-1.25%
TPL	A	-1.23%
BK	B	-1.22%
SE	A	-1.21%
IIPR	F	-1.18%
SKT	A	-1.12%
FTDR	B	-1.08%
THC	C	-1.06%
DASH	A	-1.06%
PLTR	A	-1.06%
CNX	A	-1.05%
ARES	A	-1.05%
BRO	B	-1.0%
AXP	B	-1.0%
PAM	A	-0.99%
GLNG	D	-0.98%
RDNT	B	-0.96%
JXN	C	-0.95%
RSI	B	-0.95%
TMUS	B	-0.94%
ZETA	D	-0.9%
WAB	B	-0.9%
EDN	A	-0.86%
MOD	A	-0.85%
PNTG	D	-0.85%
IESC	A	-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	A	-0.7%
HLNE	A	-0.61%
ALSN	B	-0.56%
AMAL	B	-0.56%
SKYW	B	-0.56%
BBSI	B	-0.54%
TRGP	A	-0.54%
AIT	B	-0.54%
FTI	A	-0.53%
CCB	A	-0.53%
RNA	C	-0.5%
CLH	C	-0.5%
EME	A	-0.5%
ALHC	C	-0.5%
HUBB	B	-0.49%
MMYT	B	-0.49%
HRB	D	-0.49%
PKG	B	-0.49%
TYL	B	-0.49%
WMT	A	-0.49%
PGR	B	-0.48%
OHI	B	-0.48%
GRBK	D	-0.47%
FI	A	-0.47%
TEVA	D	-0.46%
BEKE	C	-0.45%
JD	D	-0.43%
OSCR	C	-0.32%
POWL	C	-0.29%
CNK	A	-0.29%
YPF	A	-0.28%
CASH	B	-0.27%
FRHC	A	-0.27%
RKLB	B	-0.27%
EXLS	B	-0.26%
KTB	A	-0.26%
PPTA	B	-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	B	-0.24%
GATO	C	-0.24%
TCBX	A	-0.24%
ONON	B	-0.23%
QFIN	B	-0.23%
TRUP	B	-0.21%
CSTM	F	--0.08%
NEP	F	--0.1%
CVI	D	--0.13%
CQP	B	--0.14%
STNG	D	--0.17%
AES	F	--0.17%
FLNG	C	--0.18%
WU	F	--0.18%
APTV	F	--0.19%
BEN	C	--0.2%
ELF	C	--0.2%
VSAT	F	--0.2%
DG	F	--0.21%
ENPH	F	--0.21%
W	D	--0.21%
VAL	F	--0.21%
ALGT	C	--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	F	--0.23%
AMRC	F	--0.24%
MTN	C	--0.24%
F	C	--0.24%
ELV	F	--0.24%
CWT	C	--0.24%
CTRA	B	--0.24%
AVTR	F	--0.24%
IGT	F	--0.24%
WPC	C	--0.24%
PLD	D	--0.24%
NTST	D	--0.24%
VC	F	--0.24%
WSC	F	--0.24%
SITE	D	--0.25%
CC	D	--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	B	--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	F	--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	C	--0.26%
APLS	F	--0.26%
SON	F	--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	B	--0.27%
AMN	F	--0.27%
ENTG	F	--0.27%
MCHP	F	--0.27%
SIGI	B	--0.28%
MUR	F	--0.28%
ATKR	D	--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	D	--0.29%
MRTN	C	--0.29%
LKQ	F	--0.29%
UGI	C	--0.29%
UPBD	C	--0.29%
SLB	C	--0.29%
HELE	C	--0.29%
YELP	C	--0.29%
VRSN	F	--0.29%
SLAB	F	--0.3%
CHRD	F	--0.3%
CDW	F	--0.3%
CVX	A	--0.3%
KMX	C	--0.3%
EVTC	B	--0.3%
ON	F	--0.3%
DIS	B	--0.3%
ALGM	F	--0.3%
CAR	C	--0.3%
TDC	D	--0.3%
CIVI	D	--0.3%
LW	C	--0.3%
RPD	C	--0.3%
IAC	D	--0.3%
SNOW	C	--0.3%
OXM	F	--0.31%
NEO	C	--0.31%
HP	C	--0.31%
CRL	D	--0.31%
ALLY	C	--0.31%
OVV	C	--0.31%
COHU	D	--0.31%
CARS	C	--0.31%
VLO	C	--0.31%
WFRD	F	--0.32%
FIZZ	C	--0.32%
PZZA	F	--0.32%
SPT	C	--0.32%
CALX	D	--0.32%
IOSP	C	--0.32%
MTRN	C	--0.33%
BHF	C	--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%
PGNY	F	--0.38%
RYI	C	--0.4%
PARR	F	--0.44%
EPAM	C	--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%