JRE vs. SMHB ETF Comparison

Comparison of Janus Henderson U.S. Real Estate ETF (JRE) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

JRE

Janus Henderson U.S. Real Estate ETF

JRE Description

An actively managed equity Portfolio that seeks compelling outperformance by investing in REITs and real estate related businesses. Our emphasis on local property market knowledge combined with a repeatable, disciplined investment process seeks to provide defensive growth, diversification relative to broad equities and fixed income, and dividends for investors.

Grade (RS Rating)

Last Trade

$22.09

Average Daily Volume

1,038

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$6.36

Average Daily Volume

40,276

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	JRE	SMHB
30 Days	7.42%	16.18%
60 Days	0.60%	10.12%
90 Days	0.04%	11.49%
12 Months	4.13%	64.88%

1 Overlapping Holdings

	Symbol	Grade	Weight in JRE	Weight in SMHB	Overlap
	SBRA	B	4.95%	2.38%	2.38%

JRE Overweight 20 Positions Relative to SMHB

Symbol	Grade	Weight
EQIX	D	10.49%
WELL	B	7.33%
PLD	F	6.51%
EXR	C	6.46%
CUBE	C	5.41%
AVB	B	4.77%
FR	F	4.18%
KRC	C	3.78%
KIM	C	3.63%
EGP	F	3.53%
UDR	C	3.53%
NNN	B	3.49%
COLD	D	3.49%
ELS	D	3.29%
SBAC	F	3.13%
ADC	C	3.01%
MAC	D	2.89%
STAG	C	2.68%
WH	F	2.28%
CBRE	C	2.14%

JRE Underweight 90 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	C	-4.87%
XRX	F	-4.09%
DTM	A	-3.81%
BXMT	F	-3.43%
DSS	F	-2.87%
TWO	B	-2.87%
CIM	D	-2.62%
ETRN	B	-2.49%
BDN	C	-2.41%
BGS	F	-2.41%
EPR	C	-2.34%
ABR	C	-2.21%
APAM	B	-2.02%
PAGP	C	-1.88%
UNIT	F	-1.86%
UWMC	C	-1.84%
ARR	C	-1.65%
NHI	B	-1.64%
ORC	C	-1.51%
CCOI	F	-1.51%
PSEC	C	-1.47%
IVR	C	-1.43%
DEA	C	-1.35%
PMT	B	-1.35%
MFA	C	-1.27%
RWT	C	-1.24%
CTRE	C	-1.16%
PETS	D	-1.13%
MAIN	C	-1.09%
HTGC	B	-1.03%
ARI	D	-1.02%
GNL	D	-1.01%
FCPT	C	-1.0%
EFC	B	-1.0%
PDM	C	-0.99%
GSBD	C	-0.94%
NEWT	C	-0.94%
NYMT	F	-0.93%
LTC	B	-0.91%
DX	B	-0.89%
KREF	D	-0.8%
VGR	C	-0.79%
NWBI	C	-0.77%
GBDC	C	-0.73%
CODI	D	-0.72%
VNOM	C	-0.65%
SCS	C	-0.65%
RC	D	-0.65%
ACRE	F	-0.64%
LADR	A	-0.62%
TSLX	C	-0.62%
HESM	B	-0.59%
UVV	C	-0.54%
OCSL	D	-0.54%
AROC	B	-0.53%
GMRE	D	-0.5%
ILPT	C	-0.49%
BRSP	F	-0.49%
WSR	B	-0.46%
ALX	C	-0.45%
GTY	C	-0.44%
OPI	D	-0.4%
RMR	C	-0.38%
NMFC	C	-0.38%
UHT	D	-0.36%
GPMT	F	-0.34%
CSWC	C	-0.34%
GOOD	B	-0.33%
FSP	F	-0.29%
TRTX	B	-0.29%
TCPC	C	-0.27%
AHH	C	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	D	-0.23%
PFLT	C	-0.23%
SLRC	A	-0.23%
UVE	C	-0.22%
BBDC	B	-0.22%
KRO	B	-0.2%
EBF	C	-0.18%
GAIN	C	-0.17%
PNNT	A	-0.16%
OLP	A	-0.16%
FDUS	C	-0.16%
GLAD	B	-0.15%
BFS	B	-0.14%
TRIN	B	-0.12%
CCAP	B	-0.1%
REPX	F	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers