MSTB vs. DXJ ETF Comparison

Comparison of LHA Market State Tactical Beta ETF (MSTB) to WisdomTree Japan Hedged Equity Fund (DXJ)

MSTB

LHA Market State Tactical Beta ETF

MSTB Description

The investment seeks to provide returns that outperform the large-capitalization U.S. equity market on a risk-adjusted basis. The fund seeks to achieve its objective by estimating the direction and magnitude of S&P 500 Index volatility based on the movement of the CBOE Volatility Index® (the VIX® Index). Under normal market conditions, its baseline exposure each day to the S&P 500 Index is approximately 90%, which the fund's portfolio managers then adjust based on a quantitative model and analysis of the movement of the VIX Index. Its exposure may be significantly greater or less than 90% at any given time. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.69

Average Daily Volume

9,113

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DXJ

WisdomTree Japan Hedged Equity Fund

DXJ Description

The investment seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Japan Hedged Equity Index. Under normal circumstances, at least 95% of the fund's total assets (exclusive of collateral held from securities lending) will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is designed to provide exposure to Japanese equity markets while at the same time neutralizing exposure to fluctuations of the Japanese yen relative to the U.S. dollar. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$107.79

Average Daily Volume

1,132,512

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MSTB	DXJ
30 Days	-0.16%	0.38%
60 Days	3.75%	11.74%
90 Days	2.25%	-6.61%
12 Months	30.13%	29.60%

0 Overlapping Holdings

	Symbol	Grade	Weight in MSTB	Weight in DXJ	Overlap

MSTB Overweight 1 Positions Relative to DXJ

	Symbol	Grade	Weight
	VIXY	D	6.17%

MSTB Underweight 10 Positions Relative to DXJ

Symbol	Grade	Weight
MUFG	D	-4.81%
TM	D	-4.09%
SMFG	D	-2.75%
MFG	D	-2.61%
HMC	D	-1.57%
SONY	C	-0.73%
NMR	F	-0.57%
AGCO	D	-0.26%
MBAVU	C	-0.03%
MNTX	D	-0.02%

MSTB: Top Represented Industries & Keywords

Industries:

Keywords: Asset Bank Deposits Cash And Cash Equivalents Chicago Board Options Exchange Money Market Repurchase Agreement Technical Analysis U.S. Treasury VIX