ROOF vs. SMHB ETF Comparison

Comparison of IQ US Real Estate Small Cap ETF (ROOF) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

ROOF

IQ US Real Estate Small Cap ETF

ROOF Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ U.S. Real Estate Small Cap Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"), the parent company of IndexIQ Advisors LLC, the fund's investment advisor (the "Advisor"). The underlying index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.80

Average Daily Volume

102,478

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

$5.73

Average Daily Volume

33,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ROOF	SMHB
30 Days	-5.07%	-4.90%
60 Days	-2.81%	0.46%
90 Days	0.43%	-1.37%
12 Months	20.27%	22.79%

5 Overlapping Holdings

Symbol	Grade	Weight in ROOF	Weight in SMHB	Overlap
CTRE	A	0.39%	1.16%	0.39%
LTC	A	0.13%	0.91%	0.13%
NHI	C	0.29%	1.64%	0.29%
SBRA	B	0.37%	2.38%	0.37%
UNIT	C	4.04%	1.86%	1.86%

ROOF Overweight 39 Positions Relative to SMHB

Symbol	Grade	Weight
DLR	A	4.87%
EQIX	B	4.8%
AMT	D	4.8%
WELL	A	4.74%
PLD	F	4.71%
SBAC	D	4.67%
CCI	D	4.34%
AVB	C	2.68%
EQR	D	2.37%
VTR	B	2.24%
REXR	F	1.76%
INVH	F	1.75%
ARE	F	1.73%
ESS	D	1.58%
EGP	D	1.57%
MAA	D	1.5%
SUI	D	1.43%
DOC	C	1.33%
COLD	F	1.33%
FR	D	1.3%
STAG	D	1.23%
UDR	D	1.21%
AMH	F	1.18%
TRNO	F	1.09%
ELS	D	1.08%
CPT	D	1.06%
IIPR	C	0.66%
LXP	D	0.51%
IRT	D	0.39%
MPW	D	0.23%
PLYM	F	0.17%
ELME	D	0.13%
VRE	D	0.13%
SILA	C	0.12%
UMH	D	0.12%
AIV	D	0.1%
CSR	D	0.09%
NXRT	D	0.09%
DHC	D	0.07%

ROOF Underweight 85 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	B	-4.87%
XRX	F	-4.09%
DTM	A	-3.81%
BXMT	C	-3.43%
DSS	D	-2.87%
TWO	F	-2.87%
CIM	D	-2.62%
BDN	C	-2.41%
BGS	C	-2.41%
EPR	D	-2.34%
ABR	B	-2.21%
APAM	A	-2.02%
PAGP	D	-1.88%
UWMC	F	-1.84%
ARR	D	-1.65%
ORC	D	-1.51%
CCOI	B	-1.51%
PSEC	D	-1.47%
IVR	F	-1.43%
DEA	C	-1.35%
PMT	D	-1.35%
MFA	D	-1.27%
RWT	D	-1.24%
PETS	C	-1.13%
MAIN	B	-1.09%
HTGC	C	-1.03%
ARI	F	-1.02%
GNL	D	-1.01%
FCPT	D	-1.0%
EFC	D	-1.0%
PDM	C	-0.99%
GSBD	F	-0.94%
NEWT	B	-0.94%
NYMT	D	-0.93%
DX	C	-0.89%
KREF	D	-0.8%
VGR	B	-0.79%
NWBI	C	-0.77%
GBDC	C	-0.73%
CODI	D	-0.72%
VNOM	A	-0.65%
SCS	F	-0.65%
RC	F	-0.65%
ACRE	F	-0.64%
LADR	B	-0.62%
TSLX	D	-0.62%
HESM	D	-0.59%
UVV	C	-0.54%
OCSL	D	-0.54%
AROC	D	-0.53%
GMRE	D	-0.5%
ILPT	F	-0.49%
BRSP	C	-0.49%
WSR	B	-0.46%
ALX	D	-0.45%
GTY	C	-0.44%
OPI	F	-0.4%
RMR	D	-0.38%
NMFC	F	-0.38%
UHT	D	-0.36%
GPMT	C	-0.34%
CSWC	D	-0.34%
GOOD	C	-0.33%
FSP	A	-0.29%
TRTX	A	-0.29%
TCPC	F	-0.27%
AHH	D	-0.27%
CGBD	C	-0.25%
BCSF	A	-0.24%
TPVG	F	-0.23%
PFLT	C	-0.23%
SLRC	B	-0.23%
UVE	C	-0.22%
BBDC	D	-0.22%
KRO	D	-0.2%
EBF	F	-0.18%
GAIN	B	-0.17%
PNNT	C	-0.16%
OLP	C	-0.16%
FDUS	C	-0.16%
GLAD	B	-0.15%
BFS	D	-0.14%
TRIN	D	-0.12%
CCAP	C	-0.1%
REPX	F	-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