QVAL vs. JSML ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to Janus Small Cap Growth Alpha ETF (JSML)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.14

Average Daily Volume

18,767

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JSML

Janus Small Cap Growth Alpha ETF

JSML Description

Janus Small Cap Growth Alpha ETF seeks investment results that correspond generally, before fees and expenses, to the performance of the Janus Small Cap Growth Alpha Index.

Grade (RS Rating)

Last Trade

$70.91

Average Daily Volume

10,192

Number of Holdings ^*

193

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	JSML
30 Days	1.96%	9.36%
60 Days	1.90%	9.40%
90 Days	3.12%	10.98%
12 Months	25.13%	35.30%

1 Overlapping Holdings

	Symbol	Grade	Weight in QVAL	Weight in JSML	Overlap
	LRN	A	2.12%	0.54%	0.54%

QVAL Overweight 49 Positions Relative to JSML

Symbol	Grade	Weight
TPR	B	2.28%
BKR	A	2.26%
UAL	A	2.22%
MO	A	2.19%
TAP	C	2.18%
FTI	A	2.15%
ALSN	B	2.14%
HES	B	2.14%
FOXA	A	2.12%
GTES	A	2.11%
DAL	B	2.1%
SNA	A	2.1%
WFRD	D	2.07%
TGT	F	2.07%
URBN	C	2.06%
SM	B	2.06%
ANF	F	2.05%
SIG	B	2.02%
JBL	C	2.02%
CTSH	B	2.02%
TOL	B	2.01%
MHK	D	2.0%
HPQ	B	2.0%
CMCSA	B	1.99%
MMM	D	1.99%
TEX	F	1.99%
UTHR	C	1.98%
WSM	C	1.97%
CAT	B	1.97%
HRB	D	1.96%
CVS	D	1.95%
GPK	C	1.95%
BBY	D	1.94%
DKS	D	1.94%
LEN	D	1.92%
CNH	C	1.9%
ELV	F	1.9%
THC	D	1.89%
OMC	C	1.89%
LYB	F	1.88%
CNC	D	1.87%
FCX	F	1.87%
UHS	D	1.87%
CRI	F	1.85%
IPG	D	1.8%
MAT	D	1.78%
MOH	F	1.76%
ASO	F	1.76%
CROX	D	1.7%

QVAL Underweight 192 Positions Relative to JSML

Symbol	Grade	Weight
DOCS	C	-3.88%
CORT	B	-3.87%
CRVL	B	-3.1%
CSWI	B	-2.23%
HRI	C	-2.2%
STRL	A	-1.97%
DY	D	-1.94%
IESC	C	-1.84%
SANM	B	-1.78%
PLXS	B	-1.77%
CPRX	C	-1.73%
FELE	B	-1.73%
RUSHA	C	-1.67%
KAI	B	-1.64%
USLM	A	-1.62%
LMAT	A	-1.62%
UFPT	C	-1.6%
ADUS	D	-1.53%
AMPH	F	-1.53%
PRIM	A	-1.5%
DOCN	C	-1.44%
GMS	B	-1.4%
DV	C	-1.38%
CBZ	B	-1.37%
HRMY	D	-1.33%
PAG	B	-1.32%
IRDM	D	-1.31%
ALRM	C	-1.25%
TGLS	B	-1.23%
AMR	C	-1.22%
OSIS	A	-1.06%
HWKN	B	-1.03%
STAA	F	-0.93%
PLUS	F	-0.9%
CNXC	F	-0.89%
WS	C	-0.88%
PGNY	F	-0.88%
MYRG	B	-0.87%
EVCM	B	-0.87%
IPAR	B	-0.86%
ALG	B	-0.84%
NABL	F	-0.83%
HLNE	B	-0.71%
GPI	B	-0.69%
PLAB	C	-0.64%
IAS	C	-0.64%
TNC	D	-0.59%
FOUR	A	-0.58%
NSSC	D	-0.57%
UMBF	B	-0.54%
MHO	D	-0.53%
GOLF	B	-0.53%
BOOT	C	-0.51%
TR	B	-0.5%
CVCO	A	-0.48%
IRMD	C	-0.47%
SFBS	C	-0.47%
CRAI	C	-0.46%
ACMR	D	-0.45%
ESGR	B	-0.45%
SSTK	F	-0.43%
AX	B	-0.42%
IBOC	B	-0.41%
BMBL	C	-0.4%
YETI	D	-0.4%
ARRY	F	-0.38%
VCTR	B	-0.38%
GRBK	D	-0.38%
PAYO	A	-0.37%
BANF	B	-0.37%
NX	C	-0.36%
PJT	A	-0.35%
CEIX	A	-0.35%
NAPA	A	-0.35%
TRNS	D	-0.34%
KNTK	A	-0.33%
FHI	B	-0.32%
GSL	F	-0.3%
DCGO	B	-0.3%
SNEX	B	-0.29%
UEC	B	-0.29%
HASI	D	-0.29%
SHLS	F	-0.28%
NMIH	C	-0.28%
MLR	C	-0.28%
VITL	D	-0.27%
GSHD	A	-0.27%
ANET	C	-0.27%
TCMD	B	-0.27%
ENVA	B	-0.25%
TBBK	B	-0.25%
PLMR	A	-0.25%
ABR	C	-0.25%
CCRN	F	-0.24%
MGPI	F	-0.24%
PLPC	B	-0.24%
IMKTA	C	-0.23%
SMLR	B	-0.23%
KRT	B	-0.22%
AESI	B	-0.21%
INSW	F	-0.2%
MCRI	A	-0.2%
RDVT	A	-0.2%
SYBT	B	-0.2%
CASH	B	-0.19%
SKWD	A	-0.19%
CLFD	F	-0.18%
MYE	F	-0.18%
MITK	C	-0.18%
CUBI	B	-0.17%
NFE	D	-0.17%
BWMN	C	-0.17%
MBIN	F	-0.17%
FC	F	-0.17%
XPEL	B	-0.16%
QCRH	B	-0.15%
WABC	B	-0.15%
AEHR	F	-0.14%
IBEX	B	-0.13%
GABC	B	-0.13%
BY	B	-0.13%
BOWL	C	-0.13%
RC	D	-0.12%
TH	C	-0.12%
PFBC	B	-0.12%
DFH	D	-0.12%
TITN	C	-0.12%
NSA	C	-0.11%
AMAL	B	-0.11%
LPG	F	-0.11%
HCI	C	-0.11%
IIPR	D	-0.1%
JOE	F	-0.1%
HGTY	B	-0.1%
PARR	F	-0.1%
BFC	B	-0.1%
HDSN	F	-0.1%
GRNT	B	-0.09%
HZO	F	-0.09%
SCLX	F	-0.09%
ALTG	C	-0.09%
CCB	A	-0.09%
ORRF	B	-0.08%
RMNI	C	-0.08%
TIPT	C	-0.08%
ODC	B	-0.08%
OSBC	A	-0.08%
CFB	B	-0.08%
ATLC	A	-0.07%
CCBG	B	-0.07%
HTBI	B	-0.07%
VEL	A	-0.07%
ARHS	F	-0.07%
LOVE	A	-0.07%
PAY	A	-0.07%
RCMT	C	-0.07%
IMXI	B	-0.07%
FSBC	C	-0.07%
NBN	C	-0.07%
BFST	C	-0.07%
MCB	B	-0.07%
BCAL	B	-0.06%
LINC	C	-0.06%
HNRG	B	-0.06%
ESQ	B	-0.06%
NECB	C	-0.05%
FBIZ	B	-0.05%
FRD	F	-0.05%
ASC	F	-0.05%
REFI	A	-0.04%
OBT	C	-0.04%
SSBK	B	-0.04%
UNTY	B	-0.04%
ONEW	F	-0.04%
NXRT	B	-0.04%
CBNK	B	-0.04%
TCBX	B	-0.04%
PLBC	A	-0.03%
VTSI	C	-0.03%
BWFG	B	-0.03%
PLYM	F	-0.03%
CIVB	B	-0.03%
AFCG	D	-0.02%
OPBK	B	-0.02%
KFS	B	-0.02%
OVLY	B	-0.02%
HGBL	F	-0.01%
PSTL	D	-0.01%
MNSB	C	-0.01%
SACH	F	-0.01%
FRAF	A	-0.01%
CZWI	A	-0.01%