EHLS ETF — Even Herd Long Short ETF

Even Herd Long Short ETF (EHLS)

Updated October 16, 2026.

EHLS is an ETF. its expense ratio is 3.35%. Total return is 24.7% over the past 2.5 years, 26.8 points behind SPY at 51.5%.

Even Herd Long Short ETF is an actively managed equity ETF that uses a proprietary algorithm to take both long and short positions in equity securities, maintaining consistent long exposure while varying short exposure between 10% and 90%. The fund does not currently distribute income to shareholders and carries an expense ratio of 3.35%. It may appeal to investors seeking active equity management with market-neutral or hedged exposure characteristics rather than traditional dividend income.

EHLS performance versus SPY

Price and return data through 2026-10-16.

Total return is 24.7% over the past 2.5 years, 26.8 points behind SPY at 51.5%. Over the past year its total return — price change plus distributions reinvested — is 1.7%. Its deepest 1-year drawdown was 10.7%.

EHLS key facts

Issuer

Even Herd

Asset type

ETF

Asset class

Equity

Inception date

04/01/2024

Expense ratio

3.35%

Distribution frequency

None

Last close

$24.60 (as of 2026-10-16)

AUM

$56,972,618

Average volume

1652.0

Ex-dividend date

12/17/2024

Payment date

12/18/2024

Beta

0.96

How Dividend Vision calculates yield and returns

Distribution rate (the posted rate) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Even Herd; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

EHLS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 10.7%.

Who may consider EHLS — and who may not

It is a weaker fit for investors who need monthly cash flow (EHLS does not currently distribute); investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on EHLS

• All tickers starting with E

Frequently asked questions

More securities from Even Herd.