MVRL vs. SDD ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to ProShares UltraShort SmallCap600 (SDD)

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 ^*

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.80

Average Daily Volume

1,227

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	SDD
30 Days	-1.98%	-12.64%
60 Days	-8.49%	-10.96%
90 Days	-3.72%	-11.27%
12 Months	14.12%	-40.17%

3 Overlapping Holdings

Symbol	Grade	Weight in MVRL	Weight in SDD	Overlap
ARI	C	3.76%	0.33%	0.33%
IVR	F	1.84%	0.31%	0.31%
PMT	C	3.79%	0.3%	0.3%

MVRL Overweight 20 Positions Relative to SDD

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%
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%
ARR	D	1.83%
DX	B	1.48%

MVRL Underweight 88 Positions Relative to SDD

Symbol	Grade	Weight
DAR	C	-0.61%
GBCI	B	-0.49%
BLD	D	-0.48%
JBT	B	-0.47%
EXPO	D	-0.47%
NEOG	F	-0.47%
VIAV	C	-0.46%
OMCL	C	-0.46%
CBU	B	-0.46%
STRA	C	-0.45%
BCPC	B	-0.44%
NEO	C	-0.43%
SSD	F	-0.43%
SHOO	F	-0.42%
AVA	A	-0.42%
SKYW	C	-0.42%
B	A	-0.41%
AWR	B	-0.41%
UNF	B	-0.41%
LAD	A	-0.41%
ONB	C	-0.4%
AMN	F	-0.4%
CNMD	C	-0.4%
CCOI	B	-0.39%
ADC	A	-0.39%
POWI	F	-0.39%
ITRI	C	-0.39%
UFPI	C	-0.38%
SFNC	C	-0.38%
MOG.A	B	-0.38%
BRC	D	-0.37%
CVBF	A	-0.37%
PRLB	B	-0.37%
ITGR	B	-0.37%
WTS	B	-0.36%
JJSF	C	-0.36%
QLYS	B	-0.36%
AEIS	C	-0.36%
ABCB	B	-0.36%
CROX	D	-0.36%
INDB	B	-0.35%
WING	D	-0.35%
WWW	A	-0.35%
LCII	C	-0.35%
COLB	B	-0.35%
ABM	B	-0.34%
WDFC	B	-0.34%
FOXF	F	-0.34%
LXP	D	-0.34%
SEM	B	-0.33%
ESE	B	-0.33%
IOSP	C	-0.33%
AIT	B	-0.33%
IRDM	D	-0.33%
ROG	D	-0.32%
CWT	C	-0.32%
MEDP	D	-0.32%
GTLS	A	-0.32%
MNRO	D	-0.32%
FUL	F	-0.32%
SAIA	B	-0.32%
NSIT	F	-0.32%
LPSN	F	-0.32%
AIN	C	-0.31%
SANM	B	-0.31%
HI	C	-0.31%
DIOD	D	-0.31%
EBS	C	-0.31%
EXLS	B	-0.31%
FN	C	-0.31%
FELE	B	-0.3%
SPXC	A	-0.3%
ALGT	B	-0.3%
MTH	D	-0.3%
ENSG	C	-0.3%
KFY	B	-0.3%
FFBC	B	-0.3%
ACA	A	-0.29%
AAT	B	-0.29%
DORM	B	-0.29%
NMIH	C	-0.29%
PLXS	B	-0.29%
XHR	B	-0.29%
KWR	C	-0.28%
PRGS	A	-0.28%
FBP	C	-0.28%
AKR	B	-0.28%
NWN	A	-0.28%