EUM vs. FLAX ETF Comparison

Comparison of ProShares Short MSCI Emerging Markets (EUM) to Franklin FTSE Asia ex Japan ETF (FLAX)

EUM

ProShares Short MSCI Emerging Markets

EUM Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the MSCI Emerging Markets IndexÂ®. 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 includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.61

Average Daily Volume

10,010

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLAX

Franklin FTSE Asia ex Japan ETF

FLAX Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the FTSE Asia ex Japan RIC Capped Index (the FTSE Asia ex Japan Capped Index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the FTSE Asia ex Japan Capped Index and in depositary receipts representing such securities. The FTSE Asia ex Japan Capped Index is based on the FTSE Asia ex Japan Index and is designed to measure the performance of large- and mid- capitalization stocks from developed and emerging Asian countries, excluding Japan.

Grade (RS Rating)

Last Trade

$23.29

Average Daily Volume

1,475

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EUM	FLAX
30 Days	4.93%	-4.31%
60 Days	2.31%	-0.97%
90 Days	2.48%	-0.01%
12 Months	-6.13%	14.05%

5 Overlapping Holdings

Symbol	Grade	Weight in EUM	Weight in FLAX	Overlap
BABA	D	6.01%	2.46%	2.46%
BIDU	F	0.6%	0.32%	0.32%
TAL	F	0.32%	0.05%	0.05%
TCOM	B	0.29%	0.47%	0.29%
YUMC	C	0.28%	0.25%	0.25%

EUM Overweight 4 Positions Relative to FLAX

Symbol	Grade	Weight
JD	D	0.46%
NTES	D	0.39%
EDU	D	0.3%
BAP	B	0.23%

EUM Underweight 28 Positions Relative to FLAX

Symbol	Grade	Weight
HDB	C	-1.54%
PDD	F	-1.09%
IBN	C	-0.76%
KB	B	-0.31%
SHG	D	-0.26%
UMC	F	-0.22%
CHT	D	-0.19%
LI	F	-0.17%
BGNE	D	-0.16%
BEKE	D	-0.16%
WIT	A	-0.13%
XPEV	C	-0.11%
TME	D	-0.11%
YMM	C	-0.09%
NIO	F	-0.08%
BILI	D	-0.07%
QFIN	B	-0.06%
BZ	F	-0.06%
KEP	B	-0.06%
VIPS	F	-0.06%
LPL	F	-0.03%
RLX	C	-0.02%
GDS	C	-0.02%
ATHM	D	-0.02%
WB	D	-0.01%
YY	C	-0.01%
IQ	F	-0.01%
DQ	F	-0.01%