MVRL vs. ACES ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to ALPS Clean Energy ETF (ACES)

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$17.02

Average Daily Volume

9,812

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACES

ALPS Clean Energy ETF

ACES Description

The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the "underlying index"). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the "index provider"), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$29.27

Average Daily Volume

120,802

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	ACES
30 Days	-0.11%	3.28%
60 Days	1.75%	-2.24%
90 Days	3.59%	-1.78%
12 Months	20.63%	-29.33%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in ACES	Overlap
	HASI	C	5.04%	3.61%	3.61%

MVRL Overweight 22 Positions Relative to ACES

Symbol	Grade	Weight
NLY	A	13.03%
AGNC	C	8.86%
STWD	C	8.19%
CIM	D	5.48%
BXMT	D	4.84%
ABR	C	4.54%
TWO	B	4.01%
MFA	D	3.81%
PMT	A	3.79%
ARI	F	3.76%
LADR	B	3.51%
NYMT	F	3.26%
RWT	D	2.77%
EFC	C	2.49%
RC	C	2.05%
ORC	B	2.0%
ACRE	F	1.95%
BRSP	F	1.92%
KREF	D	1.86%
IVR	B	1.84%
ARR	C	1.83%
DX	C	1.48%

MVRL Underweight 31 Positions Relative to ACES

Symbol	Grade	Weight
FSLR	B	-6.38%
DAR	F	-5.77%
ITRI	A	-5.38%
ENPH	F	-4.87%
TSLA	C	-4.69%
ALB	D	-4.62%
RIVN	F	-4.5%
WOLF	F	-4.08%
ORA	C	-4.06%
NEP	C	-3.36%
RUN	D	-2.73%
LCID	D	-2.72%
CWEN	B	-2.35%
ANDE	B	-2.27%
ARRY	D	-2.22%
PLUG	F	-2.03%
SHLS	F	-1.78%
GPRE	F	-1.67%
FLNC	B	-1.28%
REX	B	-1.09%
NKLA	F	-1.02%
AMRC	C	-0.85%
CHPT	D	-0.61%
NOVA	F	-0.53%
AMSC	C	-0.52%
CLNE	F	-0.51%
STEM	F	-0.34%
PLL	D	-0.27%
AMPS	F	-0.24%
SPWR	F	-0.21%
GEVO	F	-0.19%