MSVX vs. MSTB ETF Comparison

Comparison of LHA Market State Alpha Seeker ETF (MSVX) to LHA Market State Tactical Beta ETF (MSTB)

MSVX

LHA Market State Alpha Seeker ETF

MSVX Description

The investment seeks to provide positive returns across multiple market cycles that are generally not correlated to the U.S. equity or fixed income markets. The fund is an actively-managed exchange-traded fund ("ETF") and seeks to achieve its objective principally by investing long or short in instruments linked directly or indirectly to the performance and/or volatility of the S&P 500® Index based on models and analyses, that seek to estimate the direction of the U.S. equity market. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.94

Average Daily Volume

2,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$31.88

Average Daily Volume

7,710

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MSVX	MSTB
30 Days	0.29%	-0.15%
60 Days	2.11%	3.84%
90 Days	3.52%	9.00%
12 Months	2.19%	15.78%

0 Overlapping Holdings

	Symbol	Grade	Weight in MSVX	Weight in MSTB	Overlap

MSVX Overweight 1 Positions Relative to MSTB

	Symbol	Grade	Weight
	SVIX	D	15.05%

MSVX Underweight 1 Positions Relative to MSTB

	Symbol	Grade	Weight
	VIXY	C	-6.17%

MSVX: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Futures Markets S&P/Asx 200 Vix Technical Analysis VIX

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