MVRL vs. AMAX ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to RH Hedged Multi-Asset Income ETF (AMAX)

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

$16.62

Average Daily Volume

10,480

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

AMAX

RH Hedged Multi-Asset Income ETF

AMAX Description

RH Hedged Multi-Asset Income ETF seeks total return through a combination of capital appreciation and current income. The Fund invests primarily in fixed income securities and the Fund may also invest in mortgage-related high-yield instruments rated below investment grade (commonly referred to as junk bonds) with up to 15% of the Fund's assets.

Grade (RS Rating)

Last Trade

$7.97

Average Daily Volume

10,824

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	AMAX
30 Days	-1.98%	-0.58%
60 Days	-8.49%	-0.10%
90 Days	-3.72%	0.05%
12 Months	14.12%	14.79%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in AMAX	Overlap

MVRL Overweight 23 Positions Relative to AMAX

	Symbol	Grade	Weight
	NLY	C	13.03%
	AGNC	C	8.86%
	STWD	C	8.19%
	CIM	D	5.48%
	HASI	D	5.04%
	BXMT	C	4.84%
	ABR	C	4.54%
	TWO	F	4.01%
	MFA	D	3.81%
	PMT	C	3.79%
	ARI	C	3.76%
	LADR	B	3.51%
	NYMT	C	3.26%
	RWT	D	2.77%
	EFC	C	2.49%
	RC	D	2.05%
	ORC	B	2.0%
	ACRE	B	1.95%
	BRSP	C	1.92%
	KREF	C	1.86%
	IVR	F	1.84%
	ARR	D	1.83%
	DX	B	1.48%

MVRL Underweight 8 Positions Relative to AMAX

	Symbol	Grade	Weight
	QQQ	B	-10.68%
	USO	C	-3.93%
	AMZY	D	-1.55%
	APLY	C	-1.53%
	MSFO	D	-1.52%
	NVDY	A	-1.51%
	FBY	B	-1.51%
	GOOY	D	-1.5%

MVRL: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Residential REIT - Office REIT - Retail Specialty Finance

Keywords: Mortgage Backed Security Mortgage Loan Real Estate Investment Trust Structured Finance Real Estate Mortgage Investment Conduit Residential Mortgage Backed Security Commercial Mortgage Backed Security Private Equity Real Estate Finance Loan Commercial Mortgage Fannie Mae Mezzanine Capital Real Estate Investing Rmbs U.S. Government Adjustable Rate Mortgage Asset Backed Security Collateralized Debt Obligation Freddie Mac

AMAX: Top Represented Industries & Keywords

Industries:

Keywords: Investment Strategy ETF Exchange Traded Fund Exchange Traded Funds Brent Crude Contract Law Crude Oil Energy Economics Forward Contract Heating Oil Invesco Powershares Investment Management Microeconomics Nasdaq 100 Nasdaq 100 Index Nasdaq Composite Index Natural Gas Options Petroleum Stock Market Index