MVRL vs. REK ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to ProShares Short Real Estate (REK)

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

$16.76

Average Daily Volume

10,738

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REK

ProShares Short Real Estate

REK 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. Real EstateSM 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 real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.44

Average Daily Volume

10,442

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	REK
30 Days	-1.10%	0.97%
60 Days	-5.98%	2.65%
90 Days	-2.91%	-0.41%
12 Months	15.09%	-15.30%

8 Overlapping Holdings

Symbol	Grade	Weight in MVRL	Weight in REK	Overlap
AGNC	D	8.86%	0.77%	0.77%
BXMT	C	4.84%	0.39%	0.39%
CIM	D	5.48%	0.31%	0.31%
IVR	F	1.84%	0.19%	0.19%
MFA	D	3.81%	0.28%	0.28%
NLY	C	13.03%	1.08%	1.08%
STWD	C	8.19%	0.56%	0.56%
TWO	D	4.01%	0.32%	0.32%

MVRL Overweight 15 Positions Relative to REK

Symbol	Grade	Weight
HASI	D	5.04%
ABR	C	4.54%
PMT	D	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	C	1.95%
BRSP	B	1.92%
KREF	D	1.86%
ARR	D	1.83%
DX	B	1.48%

MVRL Underweight 79 Positions Relative to REK

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	D	-4.64%
EQIX	A	-3.91%
SPG	B	-3.53%
WELL	A	-2.73%
PSA	D	-2.58%
AVB	B	-2.35%
EQR	B	-2.24%
SBAC	D	-2.21%
DLR	B	-2.02%
O	D	-1.94%
CSGP	D	-1.85%
WY	D	-1.8%
VTR	C	-1.71%
ESS	B	-1.59%
CBRE	B	-1.59%
BXP	D	-1.56%
ARE	D	-1.46%
DOC	D	-1.4%
INVH	D	-1.28%
MAA	B	-1.19%
EXR	D	-1.13%
WPC	D	-1.12%
SUI	D	-1.12%
UDR	B	-1.08%
HST	C	-1.0%
ELS	C	-1.0%
MPW	F	-0.9%
VNO	B	-0.83%
CPT	B	-0.83%
REG	B	-0.82%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
FRT	B	-0.71%
IRM	D	-0.7%
JLL	D	-0.69%
KIM	A	-0.67%
KRC	C	-0.63%
LAMR	D	-0.62%
AIV	C	-0.61%
SLG	B	-0.58%
AMH	D	-0.54%
DEI	B	-0.54%
COLD	D	-0.53%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	D	-0.47%
PK	B	-0.46%
HPP	F	-0.45%
EPR	D	-0.44%
HHH	B	-0.42%
FR	D	-0.42%
EGP	F	-0.41%
HIW	D	-0.41%
REXR	F	-0.41%
RHP	B	-0.37%
JBGS	D	-0.37%
HR	C	-0.36%
SBRA	C	-0.33%
OUT	A	-0.32%
RYN	D	-0.32%
SVC	F	-0.31%
EQC	B	-0.31%
NHI	D	-0.29%
DSS	F	-0.28%
APLE	B	-0.26%
PEB	D	-0.26%
SHO	C	-0.24%
RLJ	B	-0.23%
PDM	D	-0.23%
PCH	D	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
XHR	B	-0.18%