DESK vs. SRS ETF Comparison

Comparison of VanEck Office and Commercial REIT ETF (DESK) to ProShares UltraShort Real Estate (SRS)

DESK

VanEck Office and Commercial REIT ETF

DESK Description

The fund normally invests at least 80% of its total assets in Office and Commercial Real Estate Companies. The index is comprised of equity securities of Office and Commercial Real Estate Companies and is intended to give investors a means of tracking the overall performance of U.S exchange-listed real estate investment trusts (REITs) involved in the office and commercial real estate markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.66

Average Daily Volume

615

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Real EstateSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.89

Average Daily Volume

50,617

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DESK	SRS
30 Days	1.93%	1.71%
60 Days	7.81%	1.80%
90 Days	13.32%	-6.96%
12 Months	39.14%	-34.69%

20 Overlapping Holdings

Symbol	Grade	Weight in DESK	Weight in SRS	Overlap
BDN	D	1.46%	0.22%	0.22%
BXP	C	9.97%	1.56%	1.56%
CUZ	B	6.45%	0.48%	0.48%
DEI	B	4.21%	0.54%	0.54%
EQC	C	4.6%	0.31%	0.31%
HIW	C	4.51%	0.41%	0.41%
HPP	F	1.04%	0.45%	0.45%
JBGS	D	1.57%	0.37%	0.37%
KIM	A	2.47%	0.67%	0.67%
KRC	B	8.85%	0.63%	0.63%
O	D	3.58%	1.94%	1.94%
PDM	B	2.52%	0.23%	0.23%
PGRE	C	1.89%	0.22%	0.22%
PLD	F	3.26%	4.64%	3.26%
REG	B	1.73%	0.82%	0.82%
REXR	F	1.0%	0.41%	0.41%
SLG	B	8.34%	0.58%	0.58%
SPG	A	3.91%	3.53%	3.53%
VNO	B	11.46%	0.83%	0.83%
WPC	F	1.91%	1.12%	1.12%

DESK Overweight 4 Positions Relative to SRS

Symbol	Grade	Weight
CDP	A	6.59%
ESRT	D	2.71%
AAT	B	2.46%
DEA	C	2.42%

DESK Underweight 67 Positions Relative to SRS

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
EQIX	B	-3.91%
WELL	A	-2.73%
PSA	D	-2.58%
AVB	C	-2.35%
EQR	D	-2.24%
SBAC	D	-2.21%
DLR	A	-2.02%
CSGP	D	-1.85%
WY	C	-1.8%
VTR	B	-1.71%
ESS	D	-1.59%
CBRE	A	-1.59%
ARE	F	-1.46%
DOC	C	-1.4%
INVH	F	-1.28%
MAA	D	-1.19%
EXR	D	-1.13%
SUI	D	-1.12%
NLY	D	-1.08%
UDR	D	-1.08%
HST	D	-1.0%
ELS	D	-1.0%
MPW	D	-0.9%
CPT	D	-0.83%
AGNC	D	-0.77%
VICI	D	-0.76%
OHI	B	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
FRT	D	-0.71%
IRM	B	-0.7%
JLL	B	-0.69%
LAMR	B	-0.62%
AIV	D	-0.61%
STWD	D	-0.56%
AMH	F	-0.54%
COLD	F	-0.53%
BRX	A	-0.48%
CUBE	D	-0.47%
PK	D	-0.46%
EPR	D	-0.44%
HHH	B	-0.42%
FR	D	-0.42%
EGP	F	-0.41%
BXMT	C	-0.39%
RHP	A	-0.37%
HR	D	-0.36%
SBRA	B	-0.33%
TWO	F	-0.32%
OUT	B	-0.32%
RYN	B	-0.32%
CIM	D	-0.31%
SVC	F	-0.31%
NHI	D	-0.29%
DSS	C	-0.28%
MFA	D	-0.28%
APLE	B	-0.26%
PEB	F	-0.26%
SHO	F	-0.24%
RLJ	F	-0.23%
PCH	D	-0.23%
MAC	A	-0.22%
LXP	D	-0.21%
IVR	F	-0.19%
XHR	C	-0.18%