HDLB vs. TQQQ ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to ProShares UltraPro QQQ (TQQQ)

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$11.82

Average Daily Volume

1,414

Number of Holdings ^*

* may have additional holdings in another (foreign) market

TQQQ

ProShares UltraPro QQQ

TQQQ Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the NASDAQ-100 IndexÂ®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index, a modified market capitalization-weighted index, includes 100 of the largest non-financial domestic and international issues listed on the NASDAQ Stock Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$74.28

Average Daily Volume

55,092,190

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	TQQQ
30 Days	2.10%	13.66%
60 Days	6.12%	34.37%
90 Days	-0.60%	19.90%
12 Months	20.51%	100.13%

3 Overlapping Holdings

Symbol	Grade	Weight in HDLB	Weight in TQQQ	Overlap
AEP	D	2.58%	0.11%	0.11%
GILD	C	5.14%	0.19%	0.19%
KHC	D	1.93%	0.09%	0.09%

HDLB Overweight 34 Positions Relative to TQQQ

Symbol	Grade	Weight
PFE	C	13.4%
ABBV	B	9.8%
VZ	B	9.25%
T	A	8.79%
IBM	B	5.12%
PM	A	3.83%
DUK	C	3.27%
MO	A	3.18%
SO	B	2.94%
D	D	2.76%
O	D	2.51%
VICI	D	1.93%
ED	D	1.85%
ETR	D	1.73%
SRE	B	1.71%
PPL	C	1.48%
K	D	1.47%
NLY	B	1.43%
FE	D	1.42%
EIX	D	1.34%
IP	A	1.22%
MPW	C	1.04%
AGNC	A	1.03%
NI	B	0.91%
PNW	C	0.78%
WPC	D	0.76%
WU	D	0.73%
ARCC	C	0.46%
GLPI	C	0.44%
OGE	C	0.43%
STAG	C	0.4%
FSK	B	0.25%
KD	B	0.14%
ONL	F	0.07%

HDLB Underweight 98 Positions Relative to TQQQ

Symbol	Grade	Weight
AAPL	B	-3.05%
MSFT	A	-3.03%
NVDA	C	-2.99%
AVGO	C	-1.85%
AMZN	B	-1.76%
META	B	-1.63%
GOOGL	A	-0.95%
GOOG	A	-0.93%
COST	B	-0.89%
TSLA	C	-0.81%
NFLX	B	-0.67%
AMD	B	-0.62%
QCOM	C	-0.58%
PEP	C	-0.54%
TMUS	B	-0.5%
LIN	B	-0.5%
ADBE	C	-0.49%
AMAT	B	-0.47%
CSCO	C	-0.44%
TXN	B	-0.43%
INTU	C	-0.4%
MU	C	-0.38%
AMGN	B	-0.38%
ISRG	A	-0.35%
CMCSA	D	-0.35%
HON	A	-0.32%
LRCX	B	-0.32%
INTC	F	-0.31%
BKNG	A	-0.31%
VRTX	B	-0.29%
ADI	B	-0.28%
KLAC	B	-0.27%
REGN	A	-0.26%
PANW	B	-0.25%
ADP	B	-0.24%
PDD	C	-0.24%
ASML	B	-0.22%
SBUX	F	-0.22%
CRWD	A	-0.21%
MDLZ	D	-0.21%
SNPS	B	-0.21%
CDNS	B	-0.2%
MELI	C	-0.19%
MAR	B	-0.17%
CEG	B	-0.17%
CTAS	A	-0.17%
NXPI	B	-0.17%
PYPL	D	-0.16%
MRVL	C	-0.15%
CSX	D	-0.15%
ABNB	C	-0.15%
ROP	A	-0.14%
ORLY	B	-0.14%
MRNA	C	-0.13%
PCAR	D	-0.13%
ROST	A	-0.12%
MCHP	D	-0.12%
MNST	D	-0.12%
CPRT	C	-0.12%
PAYX	B	-0.11%
FTNT	F	-0.11%
AZN	A	-0.11%
KDP	A	-0.11%
ADSK	B	-0.11%
CHTR	C	-0.1%
IDXX	D	-0.1%
TTD	A	-0.1%
DASH	D	-0.1%
WDAY	D	-0.1%
DXCM	D	-0.1%
EA	B	-0.09%
DDOG	C	-0.09%
FAST	D	-0.09%
LULU	F	-0.09%
VRSK	A	-0.09%
ODFL	D	-0.09%
BKR	B	-0.08%
ON	D	-0.08%
CTSH	C	-0.08%
BIIB	C	-0.08%
CCEP	A	-0.08%
FANG	C	-0.08%
GEHC	C	-0.08%
EXC	D	-0.08%
ANSS	D	-0.07%
XEL	D	-0.07%
CDW	D	-0.07%
CSGP	F	-0.07%
DLTR	F	-0.06%
TEAM	D	-0.06%
GFS	C	-0.06%
ZS	C	-0.06%
TTWO	B	-0.06%
MDB	D	-0.04%
ILMN	D	-0.04%
WBD	F	-0.04%
WBA	F	-0.03%
SIRI	F	-0.02%