REW vs. FLSP ETF Comparison

Comparison of ProShares UltraShort Technology (REW) to Franklin Liberty Systematic Style Premia ETF (FLSP)

REW

ProShares UltraShort Technology

REW 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. TechnologySM 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 technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.27

Average Daily Volume

16,108

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLSP

Franklin Liberty Systematic Style Premia ETF

FLSP Description

The investment seeks absolute return. The fund seeks to achieve its investment goal by allocating its assets across two underlying alternative investment strategies, which represent top-down and bottom-up approaches to capturing factor-based risk premia. Through the two strategies, it may invest in or obtain exposure to: (i) equity securities (which may include common stocks and preferred stocks), (ii) debt securities (which may include bonds, notes, debentures, banker's acceptances and commercial paper), (iii) commodity-linked derivative instruments and (iv) currency-related derivative instruments.

Grade (RS Rating)

Last Trade

$24.03

Average Daily Volume

11,483

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

Performance

Period	REW	FLSP
30 Days	-2.64%	0.50%
60 Days	-5.08%	0.06%
90 Days	-9.79%	1.20%
12 Months	-39.54%	6.28%

36 Overlapping Holdings

Symbol	Grade	Weight in REW	Weight in FLSP	Overlap
ADBE	C	2.51%	0.91%	0.91%
ADSK	B	0.63%	0.36%	0.36%
AMAT	F	0.86%	0.66%	0.66%
ANSS	B	0.34%	0.14%	0.14%
CDNS	B	0.31%	0.32%	0.31%
CRM	B	2.4%	0.7%	0.7%
CTSH	B	0.51%	0.21%	0.21%
DOCU	A	0.13%	0.1%	0.1%
EBAY	C	0.41%	0.18%	0.18%
FFIV	A	0.12%	0.08%	0.08%
FICO	B	0.17%	0.34%	0.17%
FTNT	C	0.25%	0.32%	0.25%
GDDY	B	0.19%	0.15%	0.15%
GOOG	C	5.24%	0.11%	0.11%
HPQ	B	0.48%	0.2%	0.2%
INTU	C	1.09%	0.68%	0.68%
LDOS	D	0.2%	0.13%	0.13%
META	D	4.46%	0.45%	0.45%
MSFT	D	17.29%	0.57%	0.57%
MSI	C	0.45%	0.48%	0.45%
NOW	B	0.87%	0.75%	0.75%
NTAP	C	0.21%	0.16%	0.16%
NVDA	C	2.26%	0.62%	0.62%
ON	C	0.15%	0.04%	0.04%
PAYC	A	0.22%	0.07%	0.07%
PTC	A	0.12%	0.1%	0.1%
QCOM	F	1.63%	0.83%	0.83%
SNPS	B	0.34%	0.2%	0.2%
SSNC	A	0.21%	0.09%	0.09%
STX	D	0.21%	0.11%	0.11%
SWKS	F	0.31%	0.08%	0.08%
TER	F	0.17%	0.06%	0.06%
TWLO	B	0.22%	0.09%	0.09%
TYL	A	0.18%	0.13%	0.13%
VEEV	B	0.29%	0.12%	0.12%
VRSN	F	0.33%	0.1%	0.1%

REW Overweight 52 Positions Relative to FLSP

Symbol	Grade	Weight
AAPL	B	18.06%
GOOGL	C	5.25%
INTC	C	3.85%
CSCO	A	3.09%
TXN	D	1.83%
AVGO	D	1.82%
IBM	C	1.82%
ORCL	C	1.77%
MU	D	0.95%
AMD	F	0.84%
LRCX	F	0.66%
ADI	D	0.65%
WDAY	C	0.44%
KLAC	F	0.42%
MCHP	F	0.39%
PANW	C	0.35%
IAC	D	0.3%
WDC	C	0.3%
HPE	B	0.29%
CDW	F	0.29%
MRVL	B	0.28%
AKAM	F	0.23%
SNAP	C	0.22%
OKTA	C	0.21%
GRMN	A	0.21%
IT	C	0.21%
RNG	B	0.21%
QRVO	F	0.2%
LUMN	C	0.2%
EPAM	C	0.19%
ANET	C	0.18%
BAH	F	0.17%
TTD	B	0.17%
DOX	D	0.15%
DXC	B	0.14%
GWRE	B	0.14%
AZPN	A	0.14%
OLED	F	0.13%
DELL	C	0.12%
JNPR	F	0.12%
HUBS	B	0.11%
DAY	A	0.11%
MPWR	F	0.11%
ENTG	D	0.11%
CIEN	B	0.1%
CACI	D	0.1%
XRX	F	0.1%
LITE	B	0.09%
SNX	C	0.09%
Z	B	0.09%
ETSY	D	0.09%
MKSI	C	0.09%

REW Underweight 147 Positions Relative to FLSP

Symbol	Grade	Weight
BKNG	B	-0.87%
MA	B	-0.77%
WMT	B	-0.75%
TJX	A	-0.75%
T	A	-0.63%
GILD	B	-0.61%
MDT	D	-0.6%
ABBV	D	-0.59%
BMY	B	-0.59%
UBER	D	-0.49%
VRTX	D	-0.49%
NVS	F	-0.48%
PYPL	A	-0.45%
NFLX	B	-0.45%
EOG	C	-0.44%
CMCSA	C	-0.42%
MMM	D	-0.41%
HCA	F	-0.36%
GM	B	-0.36%
CL	D	-0.36%
SPG	C	-0.35%
CTAS	B	-0.35%
RTX	D	-0.34%
TMO	F	-0.34%
AFL	B	-0.33%
REGN	F	-0.33%
APP	B	-0.31%
CSX	B	-0.31%
BK	A	-0.31%
VST	B	-0.29%
LNG	B	-0.29%
HD	A	-0.28%
MPC	F	-0.27%
FDX	B	-0.27%
FIS	D	-0.26%
CMI	A	-0.25%
VLO	C	-0.25%
KR	A	-0.24%
KMB	C	-0.23%
PH	A	-0.23%
A	D	-0.23%
PSX	C	-0.23%
EA	C	-0.23%
BCS	B	-0.23%
CI	D	-0.22%
CPRT	A	-0.22%
AMP	B	-0.22%
RCL	B	-0.21%
MET	A	-0.21%
AIG	B	-0.21%
VICI	C	-0.19%
TGT	F	-0.19%
HIG	B	-0.19%
SE	B	-0.18%
APH	B	-0.18%
IQV	F	-0.17%
STT	A	-0.17%
LULU	C	-0.16%
ADM	F	-0.16%
TROW	A	-0.16%
DECK	A	-0.16%
IR	A	-0.16%
MELI	C	-0.16%
MS	B	-0.15%
SYY	C	-0.15%
MTD	F	-0.15%
WAT	B	-0.14%
PCAR	B	-0.14%
EXPE	B	-0.14%
IDXX	F	-0.14%
NUE	D	-0.14%
AWK	D	-0.13%
CNC	F	-0.13%
DVN	F	-0.13%
AVB	B	-0.13%
PG	A	-0.13%
LIN	D	-0.13%
CBOE	B	-0.12%
K	A	-0.12%
VTR	D	-0.12%
CAH	B	-0.12%
NRG	C	-0.12%
CPAY	A	-0.12%
NTRS	A	-0.12%
LYV	A	-0.12%
BR	A	-0.12%
BBY	D	-0.11%
CSL	B	-0.11%
PKG	B	-0.11%
HOLX	D	-0.11%
LII	A	-0.11%
STLD	B	-0.11%
WSM	B	-0.11%
LVS	C	-0.11%
LYB	F	-0.11%
PHM	C	-0.11%
MRO	B	-0.1%
EL	F	-0.1%
JBL	C	-0.1%
MAS	C	-0.1%
MOH	F	-0.1%
RS	B	-0.1%
CF	B	-0.1%
UTHR	C	-0.1%
BLDR	C	-0.1%
SNA	A	-0.1%
FE	D	-0.1%
ZM	B	-0.1%
GEN	A	-0.1%
UDR	B	-0.09%
L	B	-0.09%
ROL	B	-0.09%
VTRS	B	-0.09%
EQH	B	-0.09%
TXT	D	-0.09%
OC	B	-0.09%
EXPD	C	-0.09%
MANH	C	-0.09%
AVTR	F	-0.08%
DT	C	-0.08%
OVV	C	-0.08%
CHRW	C	-0.08%
REG	B	-0.08%
DPZ	C	-0.08%
NBIX	C	-0.08%
FOXA	C	-0.07%
TAP	C	-0.07%
DKS	C	-0.07%
INCY	C	-0.07%
BG	F	-0.07%
GLPI	B	-0.07%
UHS	D	-0.07%
ACI	C	-0.06%
MKTX	D	-0.06%
MTCH	F	-0.06%
CHKP	D	-0.06%
SEIC	A	-0.06%
RPRX	D	-0.06%
AIZ	B	-0.06%
RPM	A	-0.05%
AER	A	-0.05%
WYNN	D	-0.05%
MGM	F	-0.05%
MOS	F	-0.05%
CRBG	B	-0.05%
COR	C	-0.04%
HII	F	-0.04%