PFIX vs. REK ETF Comparison

Comparison of Simplify Interest Rate Hedge ETF (PFIX) to ProShares Short Real Estate (REK)

PFIX

Simplify Interest Rate Hedge ETF

PFIX Description

The investment seeks to track the performance, before fees and expenses, of the SoFi Sustainable Dividend Index. The index follows a rules-based methodology that tracks the performance of the equity securities of publicly-traded, large- and mid-capitalization U.S. and non-U.S. companies in developed markets that are selected based on a set of dividend filters focused on dividend sustainability. The adviser attempts to invest all, or substantially all, of its assets in the component securities that make up the index. The fund will invest at least 80% its net assets in dividend paying securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$47.73

Average Daily Volume

97,196

Number of Holdings ^*

106

* 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

$19.76

Average Daily Volume

23,014

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFIX	REK
30 Days	-10.49%	-1.18%
60 Days	1.31%	4.10%
90 Days	1.16%	4.75%
12 Months	32.59%	-3.41%

4 Overlapping Holdings

Symbol	Grade	Weight in PFIX	Weight in REK	Overlap
AVB	A	0.19%	2.35%	0.19%
HST	D	0.11%	1.0%	0.11%
PLD	D	0.91%	4.64%	0.91%
VICI	B	0.22%	0.76%	0.22%

PFIX Overweight 102 Positions Relative to REK

Symbol	Grade	Weight
JPM	A	3.9%
AVGO	C	3.86%
XOM	B	3.19%
JNJ	D	2.83%
PG	A	2.82%
CVX	A	2.06%
TM	D	1.97%
BAC	A	1.73%
NVS	B	1.56%
CSCO	D	1.48%
CMCSA	D	1.29%
QCOM	A	1.27%
VZ	C	1.26%
TXN	A	1.13%
COP	D	1.01%
BLK	C	0.87%
TD	F	0.83%
LMT	A	0.82%
ETN	B	0.82%
MS	A	0.81%
UPS	D	0.81%
ADP	C	0.79%
C	A	0.77%
MDLZ	B	0.76%
CVS	F	0.76%
MMC	B	0.75%
GILD	F	0.66%
SO	A	0.55%
GD	A	0.46%
USB	D	0.45%
HMC	D	0.45%
PSX	D	0.45%
STLA	D	0.43%
PNC	A	0.43%
NSC	D	0.42%
PCAR	D	0.42%
TRV	D	0.38%
APD	C	0.37%
VLO	D	0.36%
AIG	A	0.34%
SRE	A	0.33%
NUE	D	0.32%
MET	B	0.32%
OKE	A	0.31%
AEP	A	0.31%
PAYX	C	0.3%
BK	A	0.29%
JCI	B	0.29%
LHX	A	0.29%
CMI	A	0.28%
RSG	B	0.28%
GIS	B	0.28%
EXC	B	0.27%
KR	C	0.26%
E	B	0.26%
XEL	C	0.25%
PEG	A	0.23%
FANG	B	0.23%
HSY	B	0.22%
DFS	C	0.22%
ADM	C	0.22%
BCS	A	0.22%
EIX	A	0.19%
WEC	B	0.18%
TROW	D	0.17%
DTE	A	0.17%
STT	B	0.16%
FITB	A	0.16%
ES	B	0.15%
MTB	A	0.15%
PFG	C	0.14%
GPC	C	0.14%
DRI	F	0.14%
AEE	B	0.14%
ETR	A	0.14%
HBAN	A	0.13%
GRMN	A	0.13%
OMC	A	0.13%
HPE	D	0.13%
CMS	A	0.12%
RF	B	0.12%
SWKS	F	0.12%
SYF	B	0.12%
NTRS	B	0.11%
VTRS	D	0.11%
ATO	C	0.11%
CINF	C	0.11%
FNF	B	0.1%
SNA	D	0.1%
CCEP	A	0.1%
PKG	D	0.1%
BBY	D	0.1%
IP	B	0.09%
AMCR	A	0.09%
EG	C	0.09%
CAG	B	0.09%
NI	A	0.08%
LNT	B	0.08%
MOS	F	0.07%
EVRG	B	0.07%
CHRW	B	0.06%
CPB	B	0.06%

PFIX Underweight 83 Positions Relative to REK

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
EQIX	D	-3.91%
SPG	D	-3.53%
WELL	A	-2.73%
PSA	C	-2.58%
EQR	A	-2.24%
SBAC	D	-2.21%
DLR	D	-2.02%
O	B	-1.94%
CSGP	C	-1.85%
WY	D	-1.8%
VTR	B	-1.71%
ESS	A	-1.59%
CBRE	D	-1.59%
BXP	D	-1.56%
ARE	D	-1.46%
DOC	A	-1.4%
INVH	B	-1.28%
MAA	B	-1.19%
EXR	C	-1.13%
WPC	B	-1.12%
SUI	D	-1.12%
NLY	A	-1.08%
UDR	B	-1.08%
ELS	D	-1.0%
MPW	C	-0.9%
VNO	F	-0.83%
CPT	B	-0.83%
REG	D	-0.82%
AGNC	A	-0.77%
OHI	C	-0.74%
NNN	A	-0.74%
GLPI	D	-0.72%
FRT	C	-0.71%
IRM	C	-0.7%
JLL	B	-0.69%
KIM	B	-0.67%
KRC	D	-0.63%
LAMR	A	-0.62%
AIV	C	-0.61%
SLG	B	-0.58%
STWD	C	-0.56%
AMH	C	-0.54%
DEI	B	-0.54%
COLD	D	-0.53%
CUZ	B	-0.48%
BRX	B	-0.48%
CUBE	D	-0.47%
PK	D	-0.46%
HPP	F	-0.45%
EPR	C	-0.44%
HHH	D	-0.42%
FR	D	-0.42%
EGP	D	-0.41%
HIW	B	-0.41%
REXR	D	-0.41%
BXMT	F	-0.39%
RHP	D	-0.37%
JBGS	F	-0.37%
HR	B	-0.36%
SBRA	B	-0.33%
TWO	C	-0.32%
OUT	D	-0.32%
RYN	F	-0.32%
CIM	C	-0.31%
SVC	F	-0.31%
EQC	B	-0.31%
NHI	A	-0.29%
DSS	F	-0.28%
MFA	D	-0.28%
APLE	D	-0.26%
PEB	D	-0.26%
SHO	D	-0.24%
RLJ	F	-0.23%
PDM	B	-0.23%
PCH	D	-0.23%
BDN	B	-0.22%
PGRE	B	-0.22%
MAC	D	-0.22%
LXP	D	-0.21%
IVR	B	-0.19%
XHR	C	-0.18%