DRN vs. SRS ETF Comparison

Comparison of Dexion Daily Real Estate Bull 3x Shares (DRN) to ProShares UltraShort Real Estate (SRS)

DRN

Dexion Daily Real Estate Bull 3x Shares

DRN Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the MSCI US REIT IndexSM. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the equity securities that comprise the index and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is comprised of equity REITs that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$12.50

Average Daily Volume

1,094,626

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

$45.72

Average Daily Volume

14,715

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DRN	SRS
30 Days	-3.47%	1.06%
60 Days	-8.23%	4.22%
90 Days	2.40%	-2.87%
12 Months	63.99%	-33.05%

31 Overlapping Holdings

Symbol	Grade	Weight in DRN	Weight in SRS	Overlap
AMT	D	4.99%	8.05%	4.99%
ARE	D	0.93%	1.46%	0.93%
AVB	B	1.8%	2.35%	1.8%
BXP	D	0.63%	1.56%	0.63%
CBRE	B	2.22%	1.59%	1.59%
CCI	D	2.45%	4.7%	2.45%
CPT	B	0.71%	0.83%	0.71%
CSGP	D	1.7%	1.85%	1.7%
DLR	B	3.07%	2.02%	2.02%
DOC	D	0.85%	1.4%	0.85%
EQIX	A	4.73%	3.91%	3.91%
EQR	B	1.37%	2.24%	1.37%
ESS	B	1.06%	1.59%	1.06%
EXR	D	1.9%	1.13%	1.13%
FRT	B	0.47%	0.71%	0.47%
HST	C	0.7%	1.0%	0.7%
INVH	D	1.05%	1.28%	1.05%
IRM	D	1.85%	0.7%	0.7%
KIM	A	0.92%	0.67%	0.67%
MAA	B	1.03%	1.19%	1.03%
O	D	2.74%	1.94%	1.94%
PLD	D	5.76%	4.64%	4.64%
PSA	D	2.87%	2.58%	2.58%
REG	B	0.66%	0.82%	0.66%
SBAC	D	1.3%	2.21%	1.3%
SPG	B	3.01%	3.53%	3.01%
UDR	B	0.73%	1.08%	0.73%
VICI	C	1.8%	0.76%	0.76%
VTR	C	1.47%	1.71%	1.47%
WELL	A	4.34%	2.73%	2.73%
WY	D	1.23%	1.8%	1.23%

DRN Overweight 0 Positions Relative to SRS

	Symbol	Grade	Weight

DRN Underweight 56 Positions Relative to SRS

Symbol	Grade	Weight
WPC	D	-1.12%
SUI	D	-1.12%
NLY	C	-1.08%
ELS	C	-1.0%
MPW	F	-0.9%
VNO	B	-0.83%
AGNC	D	-0.77%
OHI	C	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
JLL	D	-0.69%
KRC	C	-0.63%
LAMR	D	-0.62%
AIV	C	-0.61%
SLG	B	-0.58%
STWD	C	-0.56%
AMH	D	-0.54%
DEI	B	-0.54%
COLD	D	-0.53%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	D	-0.47%
PK	B	-0.46%
HPP	F	-0.45%
EPR	D	-0.44%
HHH	B	-0.42%
FR	C	-0.42%
EGP	F	-0.41%
HIW	D	-0.41%
REXR	F	-0.41%
BXMT	C	-0.39%
RHP	B	-0.37%
JBGS	D	-0.37%
HR	C	-0.36%
SBRA	C	-0.33%
TWO	D	-0.32%
OUT	A	-0.32%
RYN	D	-0.32%
CIM	D	-0.31%
SVC	F	-0.31%
EQC	B	-0.31%
NHI	D	-0.29%
DSS	F	-0.28%
MFA	D	-0.28%
APLE	B	-0.26%
PEB	D	-0.26%
SHO	C	-0.24%
RLJ	C	-0.23%
PDM	D	-0.23%
PCH	D	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
IVR	F	-0.19%
XHR	B	-0.18%