MVRL vs. MORT ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Market Vectors Mortgage REIT Income ETF (MORT)

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

$16.05

Average Daily Volume

7,531

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MORT

Market Vectors Mortgage REIT Income ETF

MORT Description

The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the Market VectorsÂ® Global Mortgage REITs Index (the "Mortgage REITs Index"). The fund normally invests at least 80% of its total assets in securities that comprise the fund's benchmark index. The Mortgage REITs Index is comprised of stocks of publicly traded U.S. mortgage REITs that derive at least 50% of their revenues (or, where applicable, have at least 50% of their assets) from mortgage-related activity. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.66

Average Daily Volume

280,901

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	MORT
30 Days	-6.21%	-4.03%
60 Days	-3.33%	-1.78%
90 Days	-8.46%	-5.35%
12 Months	7.78%	6.69%

16 Overlapping Holdings

Symbol	Grade	Weight in MVRL	Weight in MORT	Overlap
ABR	D	4.54%	4.48%	4.48%
ACRE	F	1.95%	1.17%	1.17%
AGNC	C	8.86%	11.75%	8.86%
ARI	A	3.76%	3.41%	3.41%
BRSP	D	1.92%	2.02%	1.92%
BXMT	D	4.84%	4.91%	4.84%
CIM	F	5.48%	2.51%	2.51%
DX	C	1.48%	2.0%	1.48%
EFC	B	2.49%	2.58%	2.49%
HASI	B	5.04%	4.82%	4.82%
KREF	B	1.86%	1.06%	1.06%
LADR	C	3.51%	3.52%	3.51%
PMT	C	3.79%	2.55%	2.55%
RC	D	2.05%	3.54%	2.05%
RWT	D	2.77%	1.88%	1.88%
STWD	B	8.19%	9.76%	8.19%

MVRL Overweight 7 Positions Relative to MORT

Symbol	Grade	Weight
NLY	C	13.03%
TWO	D	4.01%
MFA	C	3.81%
NYMT	F	3.26%
ORC	D	2.0%
IVR	D	1.84%
ARR	D	1.83%

MVRL Underweight 1 Positions Relative to MORT

	Symbol	Grade	Weight
	CMTG	D	-1.16%