SDP vs. DWSH ETF Comparison

Comparison of ProShares UltraShort Utilities (SDP) to AdvisorShares Dorsey Wright Short ETF (DWSH)

SDP

ProShares UltraShort Utilities

SDP 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. UtilitiesSM 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 utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.47

Average Daily Volume

7,903

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.17

Average Daily Volume

33,368

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SDP	DWSH
30 Days	-17.30%	-4.36%
60 Days	-20.98%	0.42%
90 Days	-28.26%	-2.32%
12 Months	-17.73%	-16.85%

8 Overlapping Holdings

Symbol	Grade	Weight in SDP	Weight in DWSH	Overlap
AEE	B	1.92%	-1.08%	-1.08%
AES	B	1.33%	-0.97%	-0.97%
AWK	B	2.31%	-1.17%	-1.17%
ES	B	2.81%	-0.93%	-0.93%
IDA	B	0.54%	-1.11%	-1.11%
UGI	C	0.91%	-1.05%	-1.05%
WTRG	B	1.07%	-0.98%	-0.98%
XEL	C	3.36%	-1.02%	-1.02%

SDP Overweight 38 Positions Relative to DWSH

Symbol	Grade	Weight
NEE	B	12.13%
SO	A	6.91%
D	A	6.77%
DUK	A	6.69%
AEP	A	4.77%
EXC	B	4.51%
SRE	A	4.34%
WEC	B	2.98%
ED	A	2.94%
PEG	A	2.93%
EIX	A	2.7%
FE	A	2.6%
PPL	A	2.56%
DTE	A	2.52%
ETR	A	2.46%
CMS	A	1.82%
EVRG	B	1.5%
LNT	B	1.35%
ATO	C	1.34%
CNP	B	1.33%
NI	A	1.06%
PNW	B	1.03%
VST	B	1.01%
NRG	A	0.95%
MDU	A	0.58%
HE	F	0.51%
POR	B	0.51%
OGS	C	0.49%
BKH	B	0.49%
SR	B	0.42%
ALE	B	0.42%
SWX	A	0.41%
NJR	B	0.41%
PNM	C	0.4%
NFG	A	0.38%
NWE	B	0.37%
AVA	B	0.32%
AGR	B	0.28%

SDP Underweight 88 Positions Relative to DWSH

Symbol	Grade	Weight
WHR	F	--0.72%
MOS	F	--0.78%
ZD	D	--0.8%
ILMN	F	--0.84%
VFC	F	--0.85%
OI	F	--0.86%
IART	F	--0.86%
SAGE	F	--0.87%
DG	D	--0.87%
ATUS	F	--0.89%
ADNT	F	--0.89%
BMY	F	--0.9%
PAYC	F	--0.9%
INCY	F	--0.92%
JAZZ	F	--0.93%
PODD	D	--0.93%
G	D	--0.93%
NWL	C	--0.94%
TDC	F	--0.94%
HPP	F	--0.94%
CBRL	F	--0.94%
PYPL	C	--0.95%
HUM	D	--0.95%
LEG	F	--0.96%
PARA	C	--0.96%
SJM	D	--0.96%
SBAC	D	--0.98%
BIO	F	--0.98%
EXAS	F	--0.99%
NEM	B	--0.99%
TECH	B	--1.0%
UPS	D	--1.0%
MKTX	F	--1.0%
MD	F	--1.0%
PII	F	--1.0%
CHTR	F	--1.01%
FMC	C	--1.02%
CAG	B	--1.02%
APA	F	--1.02%
DXC	F	--1.02%
XRAY	F	--1.02%
NKE	F	--1.02%
VRSN	F	--1.02%
SVC	F	--1.03%
UHAL	B	--1.03%
ON	F	--1.03%
ALNY	C	--1.03%
CPB	B	--1.04%
IPGP	D	--1.04%
NUS	D	--1.04%
APD	C	--1.05%
ICUI	C	--1.05%
WEN	C	--1.05%
MAA	B	--1.05%
BIIB	C	--1.06%
GILD	F	--1.06%
EL	F	--1.07%
CLB	D	--1.07%
PFE	C	--1.08%
WBA	F	--1.08%
TSLA	D	--1.08%
VLY	D	--1.09%
HSY	B	--1.09%
VC	C	--1.09%
DAN	C	--1.1%
WPC	B	--1.1%
CCK	B	--1.1%
WBD	F	--1.1%
CGNX	B	--1.11%
PTEN	D	--1.12%
AAP	D	--1.13%
ALB	C	--1.13%
BA	F	--1.14%
CABO	F	--1.15%
HAIN	F	--1.16%
VSAT	D	--1.16%
HRL	B	--1.17%
ADM	C	--1.18%
CHRW	B	--1.2%
BWA	B	--1.2%
ST	B	--1.21%
SEE	B	--1.22%
VAC	C	--1.25%
NYCB	D	--1.27%
RIG	F	--1.28%
HLF	C	--1.3%
SNAP	C	--1.45%
MPW	C	--1.6%