MTUM vs. SEF ETF Comparison

Comparison of iShares MSCI USA Momentum Factor ETF (MTUM) to ProShares Short Financials (SEF)

MTUM

iShares MSCI USA Momentum Factor ETF

MTUM Description

The investment seeks to track the performance of an index that measures the performance of U.S. large- and mid-capitalization stocks exhibiting relatively higher momentum characteristics, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Momentum Index (the "underlying index") consists of stocks exhibiting relatively higher momentum characteristics than the traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks.

Grade (RS Rating)

Last Trade

$214.91

Average Daily Volume

840,198

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF 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. FinancialsSM 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 financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.22

Average Daily Volume

11,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MTUM	SEF
30 Days	3.53%	-7.06%
60 Days	6.25%	-9.74%
90 Days	8.85%	-11.63%
12 Months	43.02%	-26.67%

32 Overlapping Holdings

Symbol	Grade	Weight in MTUM	Weight in SEF	Overlap
ACGL	D	0.35%	0.31%	0.31%
AFL	B	0.78%	0.66%	0.66%
AJG	B	0.59%	0.3%	0.3%
ALL	A	0.41%	0.64%	0.41%
ALLY	C	0.06%	0.19%	0.06%
AVB	B	0.29%	0.51%	0.29%
AXP	A	1.53%	1.49%	1.49%
BK	A	0.48%	0.65%	0.48%
C	A	1.08%	2.98%	1.08%
CB	C	0.9%	1.17%	0.9%
CBRE	B	0.34%	0.34%	0.34%
CFG	B	0.11%	0.3%	0.11%
CPT	B	0.07%	0.18%	0.07%
DFS	B	0.38%	0.44%	0.38%
DOC	D	0.08%	0.3%	0.08%
EQH	B	0.03%	0.19%	0.03%
EQR	B	0.17%	0.48%	0.17%
ESS	B	0.15%	0.34%	0.15%
FITB	A	0.25%	0.35%	0.25%
FNF	B	0.08%	0.22%	0.08%
GS	A	2.0%	1.34%	1.34%
HIG	B	0.46%	0.37%	0.37%
ICE	C	0.72%	0.91%	0.72%
JPM	A	5.48%	7.27%	5.48%
MAA	B	0.12%	0.26%	0.12%
MCO	B	0.7%	0.7%	0.7%
NDAQ	A	0.28%	0.21%	0.21%
PGR	A	1.88%	0.75%	0.75%
SYF	B	0.22%	0.36%	0.22%
UDR	B	0.05%	0.23%	0.05%
VTR	C	0.31%	0.37%	0.31%
WELL	A	0.84%	0.59%	0.59%

MTUM Overweight 92 Positions Relative to SEF

Symbol	Grade	Weight
NVDA	C	5.34%
WMT	A	4.93%
AVGO	D	4.72%
LLY	F	3.82%
COST	B	3.63%
GE	D	2.96%
PM	B	2.93%
KO	D	2.71%
NEE	D	2.24%
RTX	C	2.19%
TXN	C	1.86%
ISRG	A	1.54%
LMT	D	1.37%
KKR	A	1.3%
BSX	B	1.25%
MMM	D	1.21%
MO	A	1.19%
ANET	C	1.17%
SO	D	1.15%
TT	A	1.13%
CEG	D	1.12%
TJX	A	1.09%
PLTR	B	1.02%
MSI	B	1.0%
APH	A	0.97%
VRTX	F	0.95%
CTAS	B	0.91%
FI	A	0.9%
MSTR	C	0.89%
DUK	C	0.88%
VST	B	0.82%
KLAC	D	0.8%
NEM	D	0.79%
CL	D	0.79%
APP	B	0.74%
HWM	A	0.73%
TDG	D	0.7%
VRT	B	0.63%
WMB	A	0.63%
TRGP	B	0.61%
FICO	B	0.6%
PEG	A	0.5%
DELL	C	0.49%
IRM	D	0.48%
PWR	A	0.43%
GRMN	B	0.42%
AEP	D	0.4%
EME	C	0.38%
DHI	D	0.37%
RSG	A	0.36%
GDDY	A	0.34%
TPL	A	0.33%
WAB	B	0.33%
AXON	A	0.32%
NTAP	C	0.31%
VLTO	D	0.31%
PHM	D	0.31%
ALNY	D	0.3%
KDP	D	0.3%
RMD	C	0.29%
K	A	0.29%
LEN	D	0.28%
NRG	B	0.27%
BRO	B	0.27%
EIX	B	0.26%
EBAY	D	0.25%
LDOS	C	0.24%
MPWR	F	0.24%
LII	A	0.24%
TYL	B	0.23%
CSL	C	0.23%
NVR	D	0.23%
SW	A	0.22%
DOV	A	0.22%
PKG	A	0.16%
IFF	D	0.16%
HEI	B	0.16%
IP	B	0.15%
HOOD	B	0.15%
UTHR	C	0.15%
ERIE	D	0.13%
HEI	B	0.12%
UHS	D	0.11%
DKS	C	0.1%
DGX	A	0.09%
NI	A	0.09%
AMCR	D	0.08%
FOXA	B	0.07%
FOX	A	0.07%
DVA	B	0.07%
CHRW	C	0.06%
LNT	A	0.05%

MTUM Underweight 65 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	B	-7.56%
V	A	-5.88%
MA	C	-4.83%
BAC	A	-4.46%
WFC	A	-3.19%
AMT	D	-1.74%
USB	A	-1.32%
TFC	A	-1.27%
CME	A	-1.25%
SPGI	C	-1.22%
MS	A	-1.19%
PNC	B	-1.13%
BLK	C	-1.06%
CCI	D	-1.02%
PLD	D	-1.0%
MMC	B	-0.97%
SCHW	B	-0.93%
EQIX	A	-0.84%
AON	A	-0.83%
COF	B	-0.81%
AIG	B	-0.77%
SPG	B	-0.76%
MET	A	-0.69%
BX	A	-0.67%
PRU	A	-0.66%
TRV	B	-0.61%
PSA	D	-0.56%
TROW	B	-0.52%
STT	A	-0.5%
SBAC	D	-0.48%
DLR	B	-0.44%
WTW	B	-0.44%
O	D	-0.42%
MSCI	C	-0.4%
CSGP	D	-0.4%
WY	D	-0.39%
NTRS	A	-0.39%
AMP	A	-0.37%
MTB	A	-0.36%
BXP	D	-0.34%
ARE	D	-0.32%
KEY	B	-0.32%
INVH	D	-0.28%
MKL	A	-0.28%
RF	A	-0.27%
CINF	A	-0.27%
HBAN	A	-0.26%
PFG	D	-0.25%
MKTX	D	-0.24%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
L	A	-0.23%
NLY	C	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
RJF	A	-0.2%
LNC	B	-0.2%
EG	C	-0.19%
MPW	F	-0.19%
GL	B	-0.18%
FDS	B	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
WRB	A	-0.17%