MVRL vs. SMHB ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

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

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.58

Average Daily Volume

40,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	SMHB
30 Days	-1.98%	-9.80%
60 Days	-8.49%	-10.51%
90 Days	-3.72%	-1.80%
12 Months	14.12%	14.54%

19 Overlapping Holdings

Symbol	Grade	Weight in MVRL	Weight in SMHB	Overlap
ABR	C	4.54%	2.21%	2.21%
ACRE	B	1.95%	0.64%	0.64%
ARI	C	3.76%	1.02%	1.02%
ARR	D	1.83%	1.65%	1.65%
BRSP	C	1.92%	0.49%	0.49%
BXMT	C	4.84%	3.43%	3.43%
CIM	D	5.48%	2.62%	2.62%
DX	B	1.48%	0.89%	0.89%
EFC	C	2.49%	1.0%	1.0%
IVR	F	1.84%	1.43%	1.43%
KREF	C	1.86%	0.8%	0.8%
LADR	B	3.51%	0.62%	0.62%
MFA	D	3.81%	1.27%	1.27%
NYMT	C	3.26%	0.93%	0.93%
ORC	B	2.0%	1.51%	1.51%
PMT	C	3.79%	1.35%	1.35%
RC	D	2.05%	0.65%	0.65%
RWT	D	2.77%	1.24%	1.24%
TWO	F	4.01%	2.87%	2.87%

MVRL Overweight 4 Positions Relative to SMHB

Symbol	Grade	Weight
NLY	C	13.03%
AGNC	C	8.86%
STWD	C	8.19%
HASI	D	5.04%

MVRL Underweight 71 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	B	-4.87%
XRX	F	-4.09%
DTM	A	-3.81%
DSS	F	-2.87%
BDN	C	-2.41%
BGS	F	-2.41%
SBRA	C	-2.38%
EPR	C	-2.34%
APAM	B	-2.02%
PAGP	A	-1.88%
UNIT	B	-1.86%
UWMC	D	-1.84%
NHI	D	-1.64%
CCOI	B	-1.51%
PSEC	D	-1.47%
DEA	D	-1.35%
CTRE	C	-1.16%
PETS	C	-1.13%
MAIN	A	-1.09%
HTGC	D	-1.03%
GNL	F	-1.01%
FCPT	C	-1.0%
PDM	D	-0.99%
GSBD	F	-0.94%
NEWT	C	-0.94%
LTC	B	-0.91%
VGR	B	-0.79%
NWBI	B	-0.77%
GBDC	D	-0.73%
CODI	B	-0.72%
VNOM	A	-0.65%
SCS	C	-0.65%
TSLX	C	-0.62%
HESM	B	-0.59%
UVV	B	-0.54%
OCSL	F	-0.54%
AROC	A	-0.53%
GMRE	F	-0.5%
ILPT	F	-0.49%
WSR	A	-0.46%
ALX	D	-0.45%
GTY	A	-0.44%
OPI	F	-0.4%
RMR	F	-0.38%
NMFC	D	-0.38%
UHT	D	-0.36%
GPMT	C	-0.34%
CSWC	D	-0.34%
GOOD	B	-0.33%
FSP	B	-0.29%
TRTX	C	-0.29%
TCPC	C	-0.27%
AHH	D	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	B	-0.23%
PFLT	D	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	A	-0.22%
KRO	C	-0.2%
EBF	F	-0.18%
GAIN	B	-0.17%
PNNT	C	-0.16%
OLP	B	-0.16%
FDUS	A	-0.16%
GLAD	B	-0.15%
BFS	C	-0.14%
TRIN	A	-0.12%
CCAP	A	-0.1%
REPX	A	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers