RATE vs. MVRL ETF Comparison

Comparison of Global X Interest Rate Hedge ETF (RATE) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)

RATE

Global X Interest Rate Hedge ETF

RATE Description

The fund is an actively managed exchange traded fund that seeks to achieve its investment objective primarily by investing in (1) long put options position(s) on exchange traded funds that primarily invest in U.S. Treasuries and/or long put options position(s) on U.S. Treasury futures, and/or (2) long interest rate payer swap options ("swaptions"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.70

Average Daily Volume

2,092

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$17.73

Average Daily Volume

11,004

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RATE	MVRL
30 Days	-6.43%	15.73%
60 Days	4.31%	6.83%
90 Days	3.96%	7.66%
12 Months	18.75%	24.31%

0 Overlapping Holdings

	Symbol	Grade	Weight in RATE	Weight in MVRL	Overlap

RATE Overweight 1 Positions Relative to MVRL

	Symbol	Grade	Weight
	CLIP	B	79.44%

RATE Underweight 23 Positions Relative to MVRL

Symbol	Grade	Weight
NLY	B	-13.03%
AGNC	A	-8.86%
STWD	B	-8.19%
CIM	D	-5.48%
HASI	B	-5.04%
BXMT	F	-4.84%
ABR	C	-4.54%
TWO	B	-4.01%
MFA	C	-3.81%
PMT	A	-3.79%
ARI	F	-3.76%
LADR	B	-3.51%
NYMT	F	-3.26%
RWT	C	-2.77%
EFC	B	-2.49%
RC	D	-2.05%
ORC	C	-2.0%
ACRE	F	-1.95%
BRSP	F	-1.92%
KREF	D	-1.86%
IVR	C	-1.84%
ARR	C	-1.83%
DX	B	-1.48%

RATE: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund Mortgage Backed Security Securitization U.S. Treasury Wagering