MVRL vs. KIE ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to SPDR S&P Insurance ETF (KIE)

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

$16.79

Average Daily Volume

9,770

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KIE

SPDR S&P Insurance ETF

KIE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded companies in the insurance industry. In seeking to track the performance of the S&P Insurance Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the insurance industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$49.48

Average Daily Volume

945,226

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	KIE
30 Days	-1.89%	-3.30%
60 Days	2.97%	0.28%
90 Days	0.31%	5.52%
12 Months	24.39%	28.27%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in KIE	Overlap

MVRL Overweight 23 Positions Relative to KIE

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

MVRL Underweight 49 Positions Relative to KIE

Symbol	Grade	Weight
OSCR	A	-2.57%
ACGL	A	-2.37%
ALL	B	-2.37%
PGR	B	-2.31%
ORI	A	-2.27%
RGA	A	-2.27%
AFL	B	-2.23%
UNM	A	-2.23%
LNC	D	-2.22%
AIG	A	-2.21%
L	A	-2.21%
KMPR	B	-2.2%
AEL	A	-2.19%
PRU	C	-2.19%
AXS	B	-2.19%
MET	D	-2.19%
CB	C	-2.18%
EG	D	-2.18%
CINF	D	-2.17%
AFG	D	-2.17%
HIG	D	-2.17%
FNF	A	-2.16%
PFG	C	-2.16%
MKL	A	-2.14%
RLI	D	-2.12%
SIGI	F	-2.12%
AIZ	C	-2.12%
MMC	D	-2.11%
TRV	C	-2.11%
BRO	C	-2.1%
RYAN	D	-2.09%
FAF	F	-2.07%
RNR	D	-2.05%
AJG	C	-2.05%
WTW	D	-2.02%
WRB	D	-2.0%
CNO	A	-1.99%
ERIE	C	-1.99%
AON	F	-1.94%
THG	A	-1.91%
PRI	D	-1.89%
BHF	C	-1.85%
AGO	D	-1.82%
GNW	C	-1.57%
KNSL	F	-1.56%
GL	F	-1.39%
WTM	A	-1.3%
ESGR	B	-1.3%
PLMR	B	-0.87%