VRAI vs. EHLS ETF Comparison

Comparison of Virtus Real Asset Income ETF (VRAI) to Even Herd Long Short ETF (EHLS)

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.88

Average Daily Volume

1,096

Number of Holdings ^*

* 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

$23.30

Average Daily Volume

2,650

Number of Holdings ^*

271

* may have additional holdings in another (foreign) market

Performance

Period	VRAI	EHLS
30 Days	2.51%	10.27%
60 Days	1.54%	10.82%
90 Days	2.39%	13.69%
12 Months	16.70%

9 Overlapping Holdings

Symbol	Grade	Weight in VRAI	Weight in EHLS	Overlap
APA	D	0.99%	-0.23%	-0.23%
AVA	A	1.12%	-0.3%	-0.3%
CTRA	B	1.28%	-0.26%	-0.26%
DVN	F	1.06%	-0.27%	-0.27%
ES	D	1.03%	-0.3%	-0.3%
NEP	F	0.68%	-0.09%	-0.09%
OVV	B	1.26%	-0.33%	-0.33%
REXR	F	0.9%	-0.25%	-0.25%
SKT	B	1.25%	1.14%	1.14%

VRAI Overweight 69 Positions Relative to EHLS

Symbol	Grade	Weight
TS	B	1.39%
GPRK	C	1.3%
ARLP	A	1.28%
FDP	B	1.27%
CCOI	B	1.26%
PNM	F	1.24%
ROIC	A	1.21%
NI	A	1.21%
KIM	A	1.2%
DMLP	A	1.2%
NRP	B	1.2%
EOG	A	1.19%
BRX	A	1.18%
KT	A	1.18%
SPOK	C	1.17%
NJR	A	1.17%
OGS	A	1.16%
LNT	A	1.16%
WEC	A	1.16%
IVT	B	1.15%
OUT	A	1.15%
APLE	B	1.15%
RHP	B	1.15%
REG	B	1.14%
PTEN	C	1.14%
GGB	C	1.14%
BSM	B	1.14%
AAT	B	1.14%
SBR	B	1.14%
NFE	D	1.13%
HESM	B	1.13%
PBR	C	1.13%
ENIC	D	1.12%
SBSW	D	1.12%
FANG	D	1.12%
ADC	B	1.12%
PAA	B	1.11%
COP	C	1.11%
PAGP	A	1.11%
KRP	B	1.1%
WES	C	1.1%
GFI	D	1.1%
MAA	B	1.09%
EQNR	D	1.09%
CMS	C	1.09%
EPRT	B	1.08%
HST	C	1.07%
CIG	C	1.07%
CPT	B	1.07%
VALE	F	1.06%
FR	C	1.06%
SCCO	F	1.06%
AEP	D	1.05%
SID	F	1.05%
CWEN	C	1.05%
INVH	D	1.03%
EXR	D	1.02%
PSA	D	1.02%
EGP	F	1.01%
BNL	D	1.01%
EPR	D	1.01%
EC	D	1.0%
NSA	D	1.0%
CCI	D	1.0%
CUBE	D	0.99%
TRNO	F	0.97%
AMT	D	0.95%
BRY	F	0.86%
IIPR	D	0.86%

VRAI Underweight 262 Positions Relative to EHLS

Symbol	Grade	Weight
SPOT	B	-2.25%
BMA	B	-2.14%
CSWI	A	-2.03%
QTWO	A	-1.82%
HWM	A	-1.8%
NVDA	C	-1.72%
GDS	C	-1.71%
LMB	A	-1.7%
IRM	D	-1.68%
PIPR	B	-1.67%
META	D	-1.64%
SLG	B	-1.62%
MSI	B	-1.57%
USLM	A	-1.53%
CTAS	B	-1.48%
HWKN	B	-1.46%
GVA	A	-1.41%
IGIC	B	-1.33%
VST	B	-1.31%
SE	B	-1.3%
FICO	B	-1.3%
CVNA	B	-1.29%
CRS	A	-1.27%
CW	B	-1.26%
ADMA	B	-1.26%
WELL	A	-1.25%
PLTR	B	-1.25%
BK	A	-1.24%
TPB	B	-1.24%
CEG	D	-1.21%
SFM	A	-1.2%
CLBT	B	-1.2%
NRG	B	-1.2%
REAX	D	-1.1%
PAM	A	-1.09%
RDNT	B	-1.08%
SLVM	B	-1.06%
ARES	A	-1.05%
DASH	A	-1.05%
FTDR	A	-1.04%
TRGP	B	-1.03%
TPL	A	-1.02%
HOOD	B	-1.01%
BRO	B	-1.0%
AXP	A	-1.0%
THC	D	-0.98%
CBRE	B	-0.98%
RSI	B	-0.98%
TMUS	B	-0.96%
NPAB	B	-0.92%
EDN	B	-0.92%
WAB	B	-0.89%
ANET	C	-0.88%
JXN	C	-0.87%
GLNG	C	-0.86%
PNTG	D	-0.84%
MOD	A	-0.82%
IESC	B	-0.79%
COOP	B	-0.78%
SKYW	B	-0.76%
CNX	A	-0.76%
ISRG	A	-0.76%
KKR	A	-0.76%
EME	C	-0.75%
BSX	B	-0.71%
PSN	D	-0.7%
CDNA	D	-0.62%
HLNE	B	-0.62%
CCB	A	-0.56%
AMAL	B	-0.56%
AIT	A	-0.55%
ALSN	B	-0.55%
NBN	B	-0.54%
BBSI	B	-0.54%
FTI	A	-0.53%
CNK	B	-0.51%
PKG	A	-0.49%
TWLO	A	-0.49%
VERX	B	-0.49%
CLH	B	-0.48%
PGR	A	-0.48%
FI	A	-0.48%
TYL	B	-0.48%
QFIN	B	-0.47%
HUBB	B	-0.46%
MMYT	B	-0.46%
GRBK	D	-0.46%
POWL	C	-0.45%
UFPT	B	-0.44%
RNA	D	-0.44%
ALHC	C	-0.42%
CACI	D	-0.42%
RKLB	B	-0.39%
WULF	C	-0.34%
YPF	B	-0.32%
TCBX	A	-0.3%
CEIX	A	-0.3%
FRHC	B	-0.28%
KTB	B	-0.27%
MUSA	A	-0.27%
PPTA	C	-0.27%
CASH	A	-0.27%
EXLS	B	-0.26%
LYV	A	-0.26%
SOFI	A	-0.25%
MLR	B	-0.25%
PEGA	A	-0.25%
SNEX	B	-0.25%
MATX	C	-0.24%
ONON	A	-0.24%
BBW	B	-0.24%
GATO	D	-0.23%
TRUP	B	-0.23%
EXEL	B	-0.23%
AORT	B	-0.22%
CSTM	F	--0.07%
SPT	C	--0.14%
CVI	F	--0.15%
AMN	F	--0.16%
VSAT	F	--0.16%
AES	F	--0.17%
PGNY	F	--0.17%
STNG	F	--0.17%
APTV	D	--0.18%
ENPH	F	--0.18%
WU	D	--0.18%
FLNG	B	--0.19%
W	F	--0.2%
BEN	C	--0.2%
COLD	D	--0.2%
VAL	D	--0.2%
AMRC	F	--0.2%
WRLD	C	--0.2%
ASH	D	--0.21%
ELF	C	--0.21%
DG	F	--0.21%
ADNT	F	--0.21%
WSC	D	--0.21%
ASML	F	--0.22%
IGT	F	--0.22%
ENOV	C	--0.22%
PARR	D	--0.22%
FIVE	F	--0.22%
AVTR	F	--0.22%
DOOO	F	--0.22%
LEA	D	--0.22%
CSGP	D	--0.23%
MRK	F	--0.23%
ROG	D	--0.23%
DLB	B	--0.23%
NTST	D	--0.23%
IMCR	D	--0.23%
NKE	D	--0.23%
TEX	D	--0.23%
ELV	F	--0.23%
MCHP	D	--0.23%
OLN	D	--0.23%
NUE	C	--0.23%
SCL	C	--0.24%
OMI	F	--0.24%
ENTG	D	--0.24%
CWT	D	--0.24%
WPC	D	--0.24%
ODP	F	--0.24%
NSP	D	--0.24%
WOR	F	--0.24%
APLS	D	--0.24%
PLD	D	--0.24%
PD	C	--0.24%
ETSY	D	--0.24%
SITE	D	--0.24%
CC	C	--0.24%
ADM	D	--0.25%
HSY	F	--0.25%
JBSS	D	--0.25%
AKAM	D	--0.25%
OTEX	D	--0.25%
FTV	C	--0.25%
PCH	D	--0.25%
IPG	D	--0.25%
MTN	C	--0.25%
FUL	F	--0.25%
PEP	F	--0.25%
F	C	--0.25%
GIS	D	--0.25%
ATKR	C	--0.25%
ALV	C	--0.25%
MGM	D	--0.26%
GO	C	--0.26%
BG	F	--0.26%
THS	D	--0.26%
ARE	D	--0.26%
STZ	D	--0.26%
ALGM	D	--0.26%
IAC	D	--0.26%
HDB	C	--0.26%
FMX	F	--0.26%
SON	D	--0.26%
CALX	D	--0.27%
COHU	C	--0.27%
HXL	D	--0.27%
ON	D	--0.27%
MTDR	B	--0.27%
SLAB	D	--0.27%
CNI	D	--0.27%
CWH	B	--0.27%
CDW	F	--0.27%
YELP	C	--0.28%
ALB	C	--0.28%
OKTA	C	--0.28%
VTLE	C	--0.28%
MUR	D	--0.28%
VRSN	F	--0.28%
MRTN	C	--0.28%
CRL	C	--0.28%
USPH	B	--0.28%
SJW	D	--0.28%
PZZA	D	--0.28%
CENTA	C	--0.28%
TDC	D	--0.29%
FIVN	C	--0.29%
UGI	A	--0.29%
HP	B	--0.29%
SJM	D	--0.29%
CHRD	D	--0.29%
LKQ	D	--0.29%
AMRK	F	--0.29%
AIN	C	--0.29%
MOS	F	--0.29%
URBN	C	--0.29%
CENT	C	--0.29%
SLB	C	--0.29%
TMO	F	--0.29%
SIGI	C	--0.29%
RPD	C	--0.29%
CIVI	D	--0.29%
EXC	C	--0.3%
PINS	D	--0.3%
EG	C	--0.3%
SNOW	C	--0.3%
WFRD	D	--0.3%
RIO	D	--0.3%
HES	B	--0.3%
AWK	D	--0.3%
PPG	F	--0.3%
EVTC	B	--0.3%
IDXX	F	--0.3%
HELE	C	--0.3%
ACI	C	--0.3%
DIOD	D	--0.3%
KMX	B	--0.31%
OXM	D	--0.31%
ZD	C	--0.31%
IRTC	D	--0.32%
CAR	C	--0.32%
VLO	C	--0.32%
ALRM	C	--0.32%
TENB	C	--0.33%
NARI	C	--0.34%
AMR	C	--0.35%
UPS	C	--0.37%
PRGO	B	--0.44%