REET vs. SRS ETF Comparison

Comparison of iShares Global REIT ETF (REET) to ProShares UltraShort Real Estate (SRS)

REET

iShares Global REIT ETF

REET Description

The investment seeks to track the investment results of the FTSE EPRA/NAREIT Global REIT Index. The index is designed to track the performance of publicly-listed real estate investment trusts ("REITs") (or their local equivalents) in both developed and emerging markets. The fund generally invests at least 80% of its assets in securities of the index and in depositary receipts representing securities of the index. The fund seeks to track the investment results of the index before the fees and expenses of the fund. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.72

Average Daily Volume

664,093

Number of Holdings ^*

106

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS 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 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 two times the inverse (-2x) 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

$46.52

Average Daily Volume

14,598

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REET	SRS
30 Days	-1.08%	0.95%
60 Days	-3.23%	3.64%
90 Days	-0.03%	-1.17%
12 Months	20.96%	-31.87%

65 Overlapping Holdings

Symbol	Grade	Weight in REET	Weight in SRS	Overlap
AIV	C	0.08%	0.61%	0.08%
AMH	C	0.78%	0.54%	0.54%
APLE	B	0.21%	0.26%	0.21%
ARE	F	1.11%	1.46%	1.11%
AVB	B	1.99%	2.35%	1.99%
BDN	C	0.05%	0.22%	0.05%
BRX	A	0.54%	0.48%	0.48%
BXP	C	0.76%	1.56%	0.76%
COLD	D	0.39%	0.53%	0.39%
CPT	B	0.77%	0.83%	0.77%
CUBE	C	0.67%	0.47%	0.47%
CUZ	B	0.29%	0.48%	0.29%
DEI	B	0.18%	0.54%	0.18%
DLR	B	3.7%	2.02%	2.02%
DOC	C	0.92%	1.4%	0.92%
EGP	D	0.52%	0.41%	0.41%
ELS	C	0.8%	1.0%	0.8%
EPR	C	0.2%	0.44%	0.2%
EQIX	A	5.36%	3.91%	3.91%
EQR	C	1.72%	2.24%	1.72%
ESS	B	1.18%	1.59%	1.18%
EXR	C	2.12%	1.13%	1.13%
FR	D	0.43%	0.42%	0.42%
FRT	B	0.57%	0.71%	0.57%
GLPI	C	0.8%	0.72%	0.72%
HIW	C	0.2%	0.41%	0.2%
HPP	F	0.03%	0.45%	0.03%
HR	B	0.41%	0.36%	0.36%
HST	C	0.74%	1.0%	0.74%
INVH	D	1.27%	1.28%	1.27%
IRM	C	2.08%	0.7%	0.7%
JBGS	F	0.08%	0.37%	0.08%
KIM	A	1.01%	0.67%	0.67%
KRC	B	0.28%	0.63%	0.28%
LXP	D	0.16%	0.21%	0.16%
MAA	B	1.12%	1.19%	1.12%
MAC	B	0.26%	0.22%	0.22%
MPW	F	0.16%	0.9%	0.16%
NHI	D	0.2%	0.29%	0.2%
NNN	C	0.48%	0.74%	0.48%
O	C	3.05%	1.94%	1.94%
OHI	C	0.61%	0.74%	0.61%
PDM	D	0.07%	0.23%	0.07%
PEB	D	0.09%	0.26%	0.09%
PGRE	F	0.05%	0.22%	0.05%
PK	C	0.18%	0.46%	0.18%
PLD	F	6.51%	4.64%	4.64%
PSA	C	3.24%	2.58%	2.58%
REG	A	0.83%	0.82%	0.82%
REXR	F	0.57%	0.41%	0.41%
RHP	B	0.4%	0.37%	0.37%
RLJ	C	0.09%	0.23%	0.09%
SBRA	C	0.26%	0.33%	0.26%
SHO	D	0.12%	0.24%	0.12%
SLG	B	0.31%	0.58%	0.31%
SPG	A	3.59%	3.53%	3.53%
SUI	C	0.96%	1.12%	0.96%
SVC	F	0.03%	0.31%	0.03%
UDR	B	0.89%	1.08%	0.89%
VICI	C	2.06%	0.76%	0.76%
VNO	C	0.44%	0.83%	0.44%
VTR	B	1.59%	1.71%	1.59%
WELL	A	5.1%	2.73%	2.73%
WPC	C	0.75%	1.12%	0.75%
XHR	B	0.09%	0.18%	0.09%

REET Overweight 41 Positions Relative to SRS

Symbol	Grade	Weight
ADC	A	0.47%
STAG	D	0.4%
EPRT	B	0.36%
KRG	B	0.36%
TRNO	F	0.35%
CTRE	C	0.3%
PECO	A	0.29%
IRT	A	0.29%
SKT	A	0.24%
LINE	F	0.24%
CDP	C	0.21%
BNL	D	0.19%
UE	B	0.18%
IIPR	D	0.18%
NSA	C	0.18%
CURB	D	0.16%
AKR	B	0.16%
FCPT	C	0.16%
AHR	A	0.14%
IVT	A	0.13%
ROIC	A	0.13%
DRH	B	0.11%
GTY	A	0.1%
LTC	B	0.1%
ALEX	B	0.09%
VRE	B	0.09%
ESRT	C	0.09%
SILA	C	0.09%
GNL	F	0.09%
NTST	C	0.08%
UMH	B	0.08%
AAT	B	0.08%
ELME	D	0.08%
CSR	B	0.07%
DEA	D	0.07%
NXRT	B	0.06%
SAFE	F	0.06%
AHH	D	0.05%
SITC	D	0.05%
INN	D	0.04%
SAR	A	0.0%

REET Underweight 22 Positions Relative to SRS

Symbol	Grade	Weight
AMT	C	-8.05%
CCI	C	-4.7%
SBAC	D	-2.21%
CSGP	D	-1.85%
WY	F	-1.8%
CBRE	B	-1.59%
NLY	C	-1.08%
AGNC	C	-0.77%
JLL	D	-0.69%
LAMR	C	-0.62%
STWD	C	-0.56%
HHH	B	-0.42%
BXMT	C	-0.39%
TWO	F	-0.32%
OUT	A	-0.32%
RYN	D	-0.32%
CIM	D	-0.31%
EQC	B	-0.31%
DSS	F	-0.28%
MFA	D	-0.28%
PCH	F	-0.23%
IVR	F	-0.19%