DFAR vs. REK ETF Comparison

Comparison of Dimensional US Real Estate ETF (DFAR) to ProShares Short Real Estate (REK)

DFAR

Dimensional US Real Estate ETF

DFAR Description

Dimensional US Real Estate ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across real estate sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Dimensional US Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$24.73

Average Daily Volume

110,564

Number of Holdings ^*

130

* may have additional holdings in another (foreign) market

REK

ProShares Short Real Estate

REK Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) 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 the inverse (-1x) 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

$16.73

Average Daily Volume

10,240

Number of Holdings ^*

87

* may have additional holdings in another (foreign) market

Performance

Period	DFAR	REK
30 Days	-2.83%	3.24%
60 Days	-0.68%	1.23%
90 Days	3.67%	-2.00%
12 Months	33.08%	-20.97%

70 Overlapping Holdings

	Symbol	Grade	Weight in DFAR	Weight in REK	Overlap
	AIV	D	0.08%	0.61%	0.08%
	AMH	F	0.92%	0.54%	0.54%
	AMT	D	7.54%	8.05%	7.54%
	APLE	B	0.25%	0.26%	0.25%
	ARE	F	1.25%	1.46%	1.25%
	AVB	C	2.38%	2.35%	2.35%
	BDN	C	0.07%	0.22%	0.07%
	BRX	C	0.62%	0.48%	0.48%
	BXP	B	0.95%	1.56%	0.95%
	CCI	D	3.46%	4.7%	3.46%
	COLD	F	0.51%	0.53%	0.51%
	CPT	D	0.93%	0.83%	0.83%
	CUBE	D	0.82%	0.47%	0.47%
	CUZ	B	0.35%	0.48%	0.35%
	DEI	B	0.22%	0.54%	0.22%
	DLR	A	3.91%	2.02%	2.02%
	DOC	B	1.18%	1.4%	1.18%
	EGP	D	0.63%	0.41%	0.41%
	ELS	C	0.93%	1.0%	0.93%
	EPR	D	0.27%	0.44%	0.27%
	EQC	D	0.09%	0.31%	0.09%
	EQIX	A	6.12%	3.91%	3.91%
	EQR	D	1.94%	2.24%	1.94%
	ESS	D	1.42%	1.59%	1.42%
	EXR	D	2.58%	1.13%	1.13%
	FR	D	0.53%	0.42%	0.42%
	FRT	D	0.62%	0.71%	0.62%
	GLPI	D	1.01%	0.72%	0.72%
	HIW	B	0.28%	0.41%	0.28%
	HPP	F	0.04%	0.45%	0.04%
	HST	D	0.9%	1.0%	0.9%
	INVH	F	1.53%	1.28%	1.28%
	IRM	B	2.67%	0.7%	0.7%
	JBGS	C	0.11%	0.37%	0.11%
	KIM	B	1.17%	0.67%	0.67%
	KRC	B	0.34%	0.63%	0.34%
	LAMR	B	0.88%	0.62%	0.62%
	LXP	D	0.2%	0.21%	0.2%
	MAA	D	1.31%	1.19%	1.19%
	MAC	A	0.3%	0.22%	0.22%
	MPW	D	0.22%	0.9%	0.22%
	NHI	C	0.24%	0.29%	0.24%
	NNN	D	0.63%	0.74%	0.63%
	O	C	3.99%	1.94%	1.94%
	OHI	A	0.77%	0.74%	0.74%
	OUT	B	0.18%	0.32%	0.18%
	PDM	C	0.1%	0.23%	0.1%
	PEB	F	0.09%	0.26%	0.09%
	PGRE	C	0.06%	0.22%	0.06%
	PK	F	0.21%	0.46%	0.21%
	PLD	F	7.98%	4.64%	4.64%
	PSA	D	3.87%	2.58%	2.58%
	REG	C	0.9%	0.82%	0.82%
	REXR	F	0.71%	0.41%	0.41%
	RHP	B	0.44%	0.37%	0.37%
	RLJ	F	0.1%	0.23%	0.1%
	SBAC	C	1.87%	2.21%	1.87%
	SBRA	A	0.32%	0.33%	0.32%
	SHO	D	0.14%	0.24%	0.14%
	SLG	B	0.38%	0.58%	0.38%
	SPG	B	4.09%	3.53%	3.53%
	SUI	D	1.22%	1.12%	1.12%
	SVC	F	0.04%	0.31%	0.04%
	UDR	D	1.02%	1.08%	1.02%
	VICI	D	2.47%	0.76%	0.76%
	VNO	B	0.51%	0.83%	0.51%
	VTR	A	1.96%	1.71%	1.71%
	WELL	A	4.88%	2.73%	2.73%
	WPC	F	0.9%	1.12%	0.9%
	XHR	C	0.11%	0.18%	0.11%

DFAR Overweight 60 Positions Relative to REK

	Symbol	Grade	Weight
	ADC	C	0.56%
	STAG	D	0.5%
	EPRT	C	0.44%
	TRNO	F	0.44%
	KRG	C	0.41%
	CTRE	A	0.34%
	PECO	B	0.33%
	IRT	D	0.32%
	IIPR	B	0.29%
	SKT	B	0.29%
	CDP	B	0.27%
	BNL	D	0.25%
	NSA	D	0.22%
	FCPT	D	0.2%
	UE	A	0.2%
	AKR	A	0.19%
	ROIC	C	0.16%
	IVT	B	0.15%
	DRH	D	0.13%
	ESRT	C	0.12%
	GTY	C	0.12%
	ELME	D	0.11%
	GNL	D	0.11%
	LTC	A	0.11%
	UNIT	C	0.1%
	AAT	B	0.1%
	DEA	C	0.1%
	VRE	D	0.09%
	NTST	F	0.09%
	UMH	D	0.09%
	CSR	D	0.08%
	NXRT	D	0.07%
	PLYM	F	0.06%
	WSR	B	0.05%
	INN	F	0.05%
	BFS	D	0.04%
	UHT	D	0.04%
	ALX	D	0.04%
	GMRE	D	0.04%
	GOOD	B	0.04%
	CBL	B	0.03%
	CLDT	F	0.03%
	CTO	B	0.03%
	OLP	C	0.03%
	DHC	C	0.03%
	CIO	D	0.02%
	ILPT	F	0.02%
	SILA	B	0.02%
	PSTL	B	0.02%
	OPI	F	0.01%
	ALEX	C	0.01%
	BHR	D	0.01%
	BRT	F	0.01%
	PINE	D	0.01%
	CHCT	B	0.01%
	CMCT	F	0.0%
	SELF	D	0.0%
	CLPR	A	0.0%
	PKST	F	0.0%
	MDV	B	0.0%

DFAR Underweight 17 Positions Relative to REK

	Symbol	Grade	Weight
	CSGP	F	-1.85%
	WY	F	-1.8%
	CBRE	A	-1.59%
	NLY	D	-1.08%
	AGNC	D	-0.77%
	JLL	A	-0.69%
	STWD	C	-0.56%
	HHH	B	-0.42%
	BXMT	C	-0.39%
	HR	C	-0.36%
	TWO	F	-0.32%
	RYN	C	-0.32%
	CIM	C	-0.31%
	DSS	C	-0.28%
	MFA	C	-0.28%
	PCH	F	-0.23%
	IVR	F	-0.19%

DFAR: Top Represented Industries & Keywords

Industries: REIT - Retail REIT - Diversified REIT - Office REIT - Industrial REIT - Residential REIT - Healthcare Facilities REIT - Hotel & Motel Telecom Services Business Services Real Estate - General

Keywords: Real Estate Investment Trust Real Estate Market S&P 500 Retail Properties Real Estate Properties Equity Global Management Equity Real Estate Investment Trust Shopping Mall Champion Reit Dream Office Real Estate Investment Trust Healthcare Facilities Industrial Properties Property Management Real Estate Investing Assisted Living David Sobelman Hotel Investment Trust Leasing Real Estate Investment

REK: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Office REIT - Residential REIT - Hotel & Motel REIT - Retail REIT - Healthcare Facilities REIT - Industrial Real Estate Services Business Services Lumber & Wood Production Telecom Services Real Estate - General

Keywords: Real Estate Investment Trust S&P 500 Real Estate Market Retail Properties Mortgage Backed Security Mortgage Loan Property Management Structured Finance Equity Global Management Equity Real Estate Investment Trust Industrial Properties Real Estate Mortgage Investment Conduit Real Estate Properties Residential Mortgage Backed Security Shopping Mall Assisted Living Dream Office Real Estate Investment Trust Healthcare Facilities Real Estate Services Sba Communications