SHRT vs. SHUS ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to Syntax Stratified U.S. Total Market Hedged ETF (SHUS)

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.51

Average Daily Volume

2,352

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	SHUS
30 Days	-7.32%	2.26%
60 Days	-9.93%	3.81%
90 Days	-9.60%	5.24%
12 Months	-7.30%	15.89%

91 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in SHUS	Overlap
ABBV	D	0.48%	0.24%	0.24%
ALLE	D	0.21%	0.07%	0.07%
AMAT	F	0.31%	0.17%	0.17%
ANET	C	0.51%	0.21%	0.21%
AOS	D	0.02%	0.21%	0.02%
BALL	D	0.62%	0.12%	0.12%
BIIB	F	1.36%	0.24%	0.24%
BLDR	C	0.02%	0.19%	0.02%
CEG	D	0.69%	0.38%	0.38%
CF	B	0.34%	0.09%	0.09%
CHD	B	0.07%	0.41%	0.07%
CHTR	C	0.82%	0.46%	0.46%
CI	D	0.31%	0.18%	0.18%
CL	D	0.63%	0.4%	0.4%
CLX	C	0.46%	0.41%	0.41%
CTLT	B	0.75%	0.24%	0.24%
CTRA	B	0.27%	0.17%	0.17%
CVX	B	1.31%	0.75%	0.75%
D	C	0.8%	0.24%	0.24%
DD	D	0.35%	0.05%	0.05%
DVA	B	0.01%	0.11%	0.01%
ECL	D	0.5%	0.05%	0.05%
EFX	D	0.2%	0.04%	0.04%
EL	F	0.56%	0.49%	0.49%
EMN	D	0.16%	0.05%	0.05%
EMR	A	0.26%	0.03%	0.03%
ENPH	F	0.57%	0.25%	0.25%
EOG	C	1.12%	0.07%	0.07%
EW	C	0.19%	0.06%	0.06%
FCX	F	0.71%	0.29%	0.29%
FMC	D	1.45%	0.08%	0.08%
FOXA	C	0.18%	0.1%	0.1%
GD	F	0.33%	0.16%	0.16%
GDDY	B	0.16%	0.26%	0.16%
GEHC	F	0.01%	0.1%	0.01%
GM	B	2.09%	0.24%	0.24%
GNRC	B	0.43%	0.08%	0.08%
HAS	D	0.35%	0.25%	0.25%
HES	C	0.3%	0.07%	0.07%
HOLX	D	0.58%	0.1%	0.1%
HSIC	B	0.02%	0.2%	0.02%
IDXX	F	0.11%	0.09%	0.09%
IPG	C	0.1%	0.33%	0.1%
IQV	F	0.33%	0.13%	0.13%
ISRG	C	0.12%	0.12%	0.12%
J	F	0.63%	0.39%	0.39%
JBHT	C	0.9%	0.08%	0.08%
JCI	C	0.81%	0.08%	0.08%
KLAC	F	0.8%	0.17%	0.17%
KMX	B	0.56%	0.14%	0.14%
LHX	C	0.65%	0.08%	0.08%
LKQ	D	0.3%	0.14%	0.14%
MAS	C	0.39%	0.19%	0.19%
MOH	F	0.63%	0.25%	0.25%
MPWR	F	0.03%	0.21%	0.03%
MRO	B	0.59%	0.07%	0.07%
MTCH	F	0.02%	0.46%	0.02%
MU	D	0.82%	0.15%	0.15%
NCLH	B	0.48%	0.09%	0.09%
NOC	D	0.81%	0.08%	0.08%
NSC	A	0.35%	0.08%	0.08%
PFE	D	0.65%	0.24%	0.24%
PNR	B	0.1%	0.19%	0.1%
PODD	B	0.11%	0.1%	0.1%
PTC	A	0.07%	0.17%	0.07%
PWR	A	0.02%	0.4%	0.02%
QRVO	F	0.88%	0.21%	0.21%
REGN	F	0.08%	0.23%	0.08%
ROST	C	0.06%	0.71%	0.06%
RVTY	D	1.12%	0.1%	0.1%
SO	D	0.27%	0.08%	0.08%
STX	D	0.66%	0.17%	0.17%
SWKS	F	1.21%	0.21%	0.21%
SYK	C	0.23%	0.12%	0.12%
TER	F	0.02%	0.16%	0.02%
TGT	F	2.05%	0.17%	0.17%
TMO	F	0.12%	0.14%	0.12%
TSN	B	1.15%	0.35%	0.35%
TYL	A	0.19%	0.21%	0.19%
UBER	D	0.03%	0.11%	0.03%
UHS	D	0.8%	0.32%	0.32%
UPS	C	0.8%	0.08%	0.08%
VLTO	C	0.14%	0.03%	0.03%
VMC	B	0.36%	0.17%	0.17%
VRSN	F	0.07%	0.27%	0.07%
VTRS	B	0.14%	0.24%	0.14%
WBA	D	0.92%	0.63%	0.63%
WDC	C	0.65%	0.17%	0.17%
ZBH	C	0.01%	0.12%	0.01%
ZBRA	A	1.0%	0.13%	0.13%
ZTS	D	0.33%	0.25%	0.25%

SHRT Overweight 109 Positions Relative to SHUS

Symbol	Grade	Weight
THC	D	1.9%
LRCX	F	1.84%
LPX	B	1.65%
CHWY	C	1.34%
CRUS	F	1.26%
ELAN	F	1.13%
PPC	C	1.09%
GTLS	B	1.08%
QGEN	D	1.01%
LII	A	0.84%
MATX	C	0.83%
MTZ	B	0.8%
TKO	B	0.78%
INGR	B	0.73%
MKSI	C	0.71%
OVV	C	0.69%
ICUI	D	0.67%
CROX	F	0.64%
MUR	F	0.61%
RGEN	D	0.55%
POST	B	0.55%
EME	B	0.5%
AVNT	B	0.5%
CNX	B	0.5%
AVTR	F	0.49%
FSS	B	0.47%
EXEL	A	0.46%
SCCO	F	0.45%
TPX	A	0.44%
HALO	F	0.44%
BMRN	F	0.42%
CCK	D	0.4%
SLGN	A	0.38%
LTH	C	0.37%
TRU	D	0.34%
MSGS	B	0.32%
VMI	A	0.32%
XRAY	F	0.31%
JAZZ	B	0.3%
TWLO	B	0.29%
BLD	C	0.29%
MMS	F	0.29%
UI	A	0.26%
ONTO	F	0.26%
TXRH	A	0.25%
ASH	F	0.24%
BPMC	C	0.24%
SKYW	B	0.23%
WSM	B	0.23%
ILMN	C	0.22%
NFG	B	0.22%
LEVI	F	0.22%
FLS	A	0.21%
PSN	D	0.21%
BAH	F	0.2%
HIMS	A	0.2%
COTY	F	0.2%
MRVL	B	0.2%
CHDN	B	0.18%
H	A	0.17%
NBIX	C	0.17%
ALKS	B	0.17%
GFS	C	0.16%
ACIW	B	0.16%
ESI	B	0.16%
ADMA	B	0.15%
APPF	B	0.15%
KTB	A	0.15%
SHAK	B	0.14%
RKLB	B	0.13%
SWX	B	0.13%
LYFT	C	0.13%
INFA	D	0.12%
GMED	A	0.11%
CNI	D	0.11%
AWI	B	0.09%
FCN	D	0.09%
SEM	B	0.09%
OLED	F	0.09%
TPL	B	0.09%
KEX	B	0.09%
PEN	C	0.09%
SPOT	B	0.08%
RGLD	D	0.08%
PLXS	B	0.08%
IGT	F	0.08%
NOV	C	0.08%
CWAN	B	0.07%
ABG	B	0.07%
PRIM	A	0.06%
SNDR	B	0.05%
NXST	C	0.05%
QTWO	A	0.05%
FTDR	B	0.04%
DTM	B	0.04%
NTRA	B	0.03%
CMC	B	0.03%
DNB	B	0.02%
BFAM	F	0.02%
APG	B	0.02%
TTEK	F	0.02%
R	B	0.01%
RUSHA	B	0.01%
IAC	D	0.01%
SITM	B	0.01%
DOX	D	0.01%
EHC	B	0.01%
OPCH	F	0.01%
CRVL	B	0.0%

SHRT Underweight 409 Positions Relative to SHUS

Symbol	Grade	Weight
XOM	C	-0.75%
KR	A	-0.73%
SYY	C	-0.73%
WMT	B	-0.72%
TJX	A	-0.71%
COST	B	-0.7%
COF	B	-0.69%
SYF	A	-0.68%
CVS	D	-0.68%
DFS	B	-0.68%
DPZ	C	-0.52%
CMCSA	C	-0.51%
PSX	C	-0.5%
DRI	B	-0.5%
YUM	B	-0.5%
L	B	-0.49%
VLO	C	-0.49%
MSI	C	-0.49%
MCD	D	-0.49%
AAPL	B	-0.49%
CMG	B	-0.49%
BRK.A	B	-0.49%
SBUX	B	-0.48%
EA	C	-0.48%
MPC	F	-0.48%
TTWO	B	-0.48%
META	D	-0.46%
KVUE	A	-0.41%
KMB	C	-0.41%
PG	A	-0.41%
BWA	C	-0.41%
VST	B	-0.4%
APTV	F	-0.39%
JBL	C	-0.37%
HRL	D	-0.36%
ADM	F	-0.36%
BG	F	-0.36%
PM	B	-0.35%
BKR	C	-0.35%
MO	A	-0.35%
CRM	B	-0.35%
ORCL	C	-0.34%
SLB	C	-0.34%
SNPS	B	-0.34%
HPQ	B	-0.34%
T	A	-0.33%
TMUS	A	-0.33%
NKE	F	-0.33%
OMC	C	-0.33%
HCA	F	-0.33%
CDNS	B	-0.33%
IBM	C	-0.33%
HAL	C	-0.33%
AWK	D	-0.32%
MSFT	D	-0.32%
RL	B	-0.32%
ATO	A	-0.32%
NI	A	-0.32%
TPR	A	-0.32%
GRMN	A	-0.32%
VZ	B	-0.32%
NRG	C	-0.32%
AES	F	-0.31%
NVR	D	-0.3%
LULU	C	-0.3%
EXC	D	-0.29%
DECK	A	-0.29%
UAL	B	-0.28%
STLD	B	-0.27%
TSLA	B	-0.27%
DAL	B	-0.27%
MS	B	-0.26%
HUM	C	-0.26%
HUBB	B	-0.26%
ETN	A	-0.26%
EQIX	A	-0.26%
SWK	D	-0.26%
DLR	A	-0.26%
AKAM	F	-0.26%
STZ	D	-0.25%
PHM	C	-0.25%
LUV	B	-0.25%
KMI	B	-0.25%
MNST	B	-0.25%
ETR	B	-0.25%
TAP	C	-0.25%
SNA	A	-0.25%
BMY	B	-0.25%
INCY	C	-0.25%
SCHW	A	-0.25%
CNP	A	-0.25%
RJF	A	-0.25%
UNH	B	-0.25%
LOW	C	-0.25%
NUE	D	-0.25%
HD	A	-0.25%
PEG	A	-0.25%
GS	B	-0.25%
CNC	F	-0.25%
AEP	D	-0.24%
MRK	F	-0.24%
TRGP	B	-0.24%
OKE	C	-0.24%
FE	D	-0.24%
ED	D	-0.24%
KDP	D	-0.24%
NEE	D	-0.24%
WMB	B	-0.24%
NEM	F	-0.24%
LEN	C	-0.24%
ELV	F	-0.24%
KO	D	-0.24%
F	C	-0.24%
DTE	C	-0.24%
GILD	B	-0.24%
EIX	A	-0.24%
NXPI	D	-0.23%
VRTX	D	-0.23%
LLY	F	-0.23%
MRNA	F	-0.23%
AMGN	D	-0.23%
JNJ	D	-0.23%
DHI	D	-0.23%
LW	C	-0.22%
EBAY	C	-0.22%
DAY	A	-0.22%
NOW	B	-0.22%
QCOM	F	-0.22%
NFLX	B	-0.22%
AVGO	D	-0.22%
PLTR	B	-0.22%
ADI	D	-0.22%
CPRT	A	-0.22%
GOOGL	C	-0.22%
TXN	D	-0.22%
ON	C	-0.22%
GOOG	C	-0.22%
KHC	D	-0.21%
CSCO	A	-0.21%
MKC	D	-0.21%
SJM	D	-0.21%
MET	A	-0.21%
GIS	D	-0.21%
CAG	D	-0.21%
ADP	B	-0.21%
PAYX	B	-0.21%
PAYC	A	-0.21%
AMZN	C	-0.21%
IR	A	-0.2%
IEX	B	-0.2%
AFL	B	-0.2%
PARA	C	-0.2%
FFIV	A	-0.2%
CPB	D	-0.2%
ERIE	D	-0.2%
AIZ	B	-0.2%
INTU	C	-0.2%
FSLR	F	-0.2%
PRU	A	-0.2%
KEYS	B	-0.2%
DIS	B	-0.2%
PFG	C	-0.2%
CAH	B	-0.19%
TEL	B	-0.19%
XYL	D	-0.19%
HPE	B	-0.19%
PGR	A	-0.19%
WBD	C	-0.19%
GLW	B	-0.19%
BBWI	C	-0.19%
ALL	B	-0.19%
GL	C	-0.19%
AIG	B	-0.19%
JNPR	F	-0.19%
RSG	A	-0.18%
CRWD	B	-0.18%
EQT	B	-0.18%
GEV	C	-0.18%
WM	A	-0.18%
MDLZ	F	-0.18%
ROL	B	-0.18%
COR	C	-0.18%
K	A	-0.18%
MCK	C	-0.18%
MHK	D	-0.18%
APH	B	-0.18%
MMM	D	-0.17%
ANSS	B	-0.17%
DG	F	-0.17%
GE	D	-0.17%
FTNT	C	-0.17%
MLM	B	-0.17%
NTAP	C	-0.17%
DOV	A	-0.17%
GEN	A	-0.17%
ITW	A	-0.17%
WY	D	-0.17%
BBY	D	-0.17%
DLTR	D	-0.17%
DELL	C	-0.17%
HSY	F	-0.17%
PEP	F	-0.17%
ULTA	F	-0.17%
CTAS	B	-0.17%
PANW	C	-0.16%
INTC	C	-0.16%
DVN	F	-0.16%
BA	D	-0.16%
DGX	B	-0.16%
LH	B	-0.16%
TXT	D	-0.16%
HON	B	-0.16%
ADSK	B	-0.16%
TECH	C	-0.15%
AZO	C	-0.15%
GPC	D	-0.15%
A	D	-0.15%
WAT	B	-0.15%
SMCI	D	-0.15%
ADBE	C	-0.15%
MTD	F	-0.14%
CRL	C	-0.14%
CINF	A	-0.14%
URI	B	-0.14%
TRV	B	-0.14%
CB	D	-0.14%
HIG	B	-0.14%
CAT	B	-0.14%
AMD	F	-0.14%
ACGL	D	-0.14%
EG	C	-0.14%
ORLY	B	-0.14%
IT	C	-0.13%
EPAM	C	-0.13%
POOL	C	-0.13%
WFC	A	-0.13%
GWW	A	-0.13%
CTSH	B	-0.13%
C	A	-0.13%
DE	B	-0.13%
WAB	B	-0.13%
ACN	B	-0.13%
BKNG	B	-0.13%
NVDA	C	-0.13%
MCHP	F	-0.13%
LDOS	D	-0.13%
WRB	A	-0.13%
HLT	A	-0.12%
ABNB	C	-0.12%
MAR	A	-0.12%
EXPE	B	-0.12%
STE	F	-0.12%
CDW	F	-0.12%
BAC	A	-0.12%
JPM	B	-0.12%
FAST	B	-0.12%
TSCO	C	-0.12%
PCAR	B	-0.12%
AMCR	D	-0.12%
AME	A	-0.12%
VTR	D	-0.11%
WELL	C	-0.11%
EXR	C	-0.11%
DOC	C	-0.11%
BR	A	-0.11%
BXP	D	-0.11%
HST	C	-0.11%
BK	A	-0.11%
STT	A	-0.11%
NWSA	B	-0.1%
DHR	D	-0.1%
NWS	B	-0.1%
ESS	B	-0.1%
INVH	D	-0.1%
EQR	B	-0.1%
FOX	B	-0.1%
UDR	B	-0.1%
ALGN	D	-0.1%
MAA	B	-0.1%
AVB	B	-0.1%
PSA	C	-0.1%
ARE	D	-0.1%
CPT	B	-0.1%
AXON	B	-0.09%
EXPD	C	-0.09%
KKR	B	-0.09%
CCL	B	-0.09%
AMP	B	-0.09%
CHRW	C	-0.09%
BLK	C	-0.09%
IVZ	B	-0.09%
LYV	A	-0.09%
RMD	C	-0.09%
DXCM	C	-0.09%
PPL	B	-0.08%
EVRG	A	-0.08%
CARR	C	-0.08%
LNT	A	-0.08%
AEE	A	-0.08%
TT	B	-0.08%
PH	A	-0.08%
UNP	C	-0.08%
WYNN	D	-0.08%
OTIS	C	-0.08%
CMI	A	-0.08%
LMT	D	-0.08%
HII	F	-0.08%
BX	B	-0.08%
RTX	D	-0.08%
ODFL	B	-0.08%
NTRS	A	-0.08%
LVS	C	-0.08%
MOS	F	-0.08%
CSX	B	-0.08%
CTVA	B	-0.08%
BEN	C	-0.08%
TROW	A	-0.08%
RCL	B	-0.08%
LYB	F	-0.07%
SW	B	-0.07%
FANG	F	-0.07%
OXY	F	-0.07%
PPG	D	-0.07%
CZR	D	-0.07%
COP	D	-0.07%
MGM	F	-0.07%
APA	F	-0.07%
DOW	F	-0.07%
PNW	B	-0.07%
CE	F	-0.07%
DUK	C	-0.07%
WEC	A	-0.07%
ES	D	-0.07%
FDX	B	-0.07%
PCG	B	-0.07%
SRE	A	-0.07%
XEL	A	-0.07%
CMS	C	-0.07%
HWM	B	-0.07%
FI	A	-0.06%
KEY	A	-0.06%
RF	B	-0.06%
PNC	A	-0.06%
MTB	B	-0.06%
ABT	B	-0.06%
MDT	D	-0.06%
PYPL	A	-0.06%
AMT	D	-0.06%
BSX	C	-0.06%
IP	B	-0.06%
KIM	A	-0.06%
REG	B	-0.06%
AVY	D	-0.06%
FRT	A	-0.06%
PLD	D	-0.06%
SBAC	D	-0.06%
VICI	C	-0.06%
CCI	D	-0.06%
PKG	B	-0.06%
O	D	-0.06%
SPG	C	-0.06%
IRM	C	-0.06%
TDG	D	-0.06%
SHW	A	-0.06%
MA	B	-0.05%
AXP	A	-0.05%
APD	A	-0.05%
SOLV	C	-0.05%
IFF	D	-0.05%
BAX	F	-0.05%
WST	C	-0.05%
BDX	F	-0.05%
TFX	F	-0.05%
ALB	C	-0.05%
FIS	D	-0.05%
JKHY	D	-0.05%
HBAN	B	-0.05%
TFC	B	-0.05%
USB	A	-0.05%
CFG	B	-0.05%
FITB	B	-0.05%
WTW	B	-0.04%
MCO	A	-0.04%
AON	A	-0.04%
CBRE	B	-0.04%
CSGP	C	-0.04%
GPN	C	-0.04%
SPGI	C	-0.04%
CBOE	B	-0.04%
VRSK	A	-0.04%
ICE	D	-0.04%
FDS	B	-0.04%
V	A	-0.04%
NDAQ	A	-0.04%
CPAY	A	-0.04%
MKTX	D	-0.04%
CME	A	-0.04%
LIN	D	-0.04%
MSCI	C	-0.04%
ROK	B	-0.03%
FICO	B	-0.03%
NDSN	B	-0.03%
FTV	B	-0.03%
TRMB	B	-0.03%
TDY	B	-0.03%
ROP	B	-0.03%
AJG	A	-0.03%
MMC	A	-0.03%
BRO	B	-0.03%