SEF vs. CVSE ETF Comparison

Comparison of ProShares Short Financials (SEF) to Calvert US Select Equity ETF (CVSE)

SEF

ProShares Short Financials

SEF 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. FinancialsSM 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 financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.22

Average Daily Volume

11,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CVSE

Calvert US Select Equity ETF

CVSE Description

Under normal circumstances, at least 80% of the fund"s net assets (plus any borrowings for investment purposes) will be invested in the equity securities of U.S. issuers. The fund is actively managed, not designed to track a benchmark, and therefore not constrained by the composition of a benchmark. The fund primarily invests in the equity securities of large capitalization U.S. issuers that are involved in economic activities that address global environmental or societal challenges that relate to areas such as environmental sustainability and resource efficiency.

Grade (RS Rating)

Last Trade

$70.50

Average Daily Volume

945

Number of Holdings ^*

178

* may have additional holdings in another (foreign) market

Performance

Period	SEF	CVSE
30 Days	-7.06%	2.61%
60 Days	-9.74%	4.06%
90 Days	-11.63%	5.46%
12 Months	-26.67%	30.71%

32 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in CVSE	Overlap
AMT	D	1.74%	0.63%	0.63%
AXP	A	1.49%	0.88%	0.88%
BXP	D	0.34%	0.1%	0.1%
CBRE	B	0.34%	0.69%	0.34%
CFG	B	0.3%	0.55%	0.3%
COF	B	0.81%	0.47%	0.47%
CSGP	D	0.4%	0.08%	0.08%
DFS	B	0.44%	0.55%	0.44%
EQR	B	0.48%	0.18%	0.18%
EXR	D	0.24%	0.15%	0.15%
FITB	A	0.35%	0.35%	0.35%
HBAN	A	0.26%	0.28%	0.26%
HIG	B	0.37%	0.21%	0.21%
HST	C	0.22%	0.05%	0.05%
ICE	C	0.91%	1.0%	0.91%
KEY	B	0.32%	0.06%	0.06%
MA	C	4.83%	1.54%	1.54%
MET	A	0.69%	1.14%	0.69%
MSCI	C	0.4%	0.1%	0.1%
NDAQ	A	0.21%	0.4%	0.21%
PGR	A	0.75%	1.06%	0.75%
PLD	D	1.0%	0.63%	0.63%
PRU	A	0.66%	0.76%	0.66%
RF	A	0.27%	0.19%	0.19%
SCHW	B	0.93%	0.62%	0.62%
SPGI	C	1.22%	2.01%	1.22%
STT	A	0.5%	0.4%	0.4%
TFC	A	1.27%	0.7%	0.7%
TROW	B	0.52%	0.19%	0.19%
TRV	B	0.61%	0.72%	0.61%
V	A	5.88%	1.44%	1.44%
VTR	C	0.37%	0.14%	0.14%

SEF Overweight 65 Positions Relative to CVSE

Symbol	Grade	Weight
BRK.A	B	7.56%
JPM	A	7.27%
BAC	A	4.46%
WFC	A	3.19%
C	A	2.98%
GS	A	1.34%
USB	A	1.32%
CME	A	1.25%
MS	A	1.19%
CB	C	1.17%
PNC	B	1.13%
BLK	C	1.06%
CCI	D	1.02%
MMC	B	0.97%
EQIX	A	0.84%
AON	A	0.83%
AIG	B	0.77%
SPG	B	0.76%
MCO	B	0.7%
BX	A	0.67%
AFL	B	0.66%
BK	A	0.65%
ALL	A	0.64%
WELL	A	0.59%
PSA	D	0.56%
AVB	B	0.51%
SBAC	D	0.48%
DLR	B	0.44%
WTW	B	0.44%
O	D	0.42%
WY	D	0.39%
NTRS	A	0.39%
AMP	A	0.37%
SYF	B	0.36%
MTB	A	0.36%
ESS	B	0.34%
ARE	D	0.32%
ACGL	D	0.31%
DOC	D	0.3%
AJG	B	0.3%
INVH	D	0.28%
MKL	A	0.28%
CINF	A	0.27%
MAA	B	0.26%
PFG	D	0.25%
MKTX	D	0.24%
WPC	D	0.24%
SUI	D	0.24%
L	A	0.23%
NLY	C	0.23%
UDR	B	0.23%
ELS	C	0.22%
FNF	B	0.22%
RJF	A	0.2%
LNC	B	0.2%
EG	C	0.19%
MPW	F	0.19%
ALLY	C	0.19%
EQH	B	0.19%
GL	B	0.18%
FDS	B	0.18%
REG	B	0.18%
VNO	B	0.18%
CPT	B	0.18%
WRB	A	0.17%

SEF Underweight 146 Positions Relative to CVSE

Symbol	Grade	Weight
NVDA	C	-7.98%
MSFT	F	-7.68%
AAPL	C	-6.81%
LLY	F	-2.63%
ACN	C	-1.81%
MRK	F	-1.73%
PH	A	-1.66%
NFLX	A	-1.55%
ETN	A	-1.42%
HD	A	-1.33%
DIS	B	-1.24%
VRSK	A	-1.21%
CMI	A	-1.11%
NOW	A	-1.11%
CRM	B	-1.09%
GM	B	-1.04%
CAT	B	-0.94%
GIS	D	-0.91%
VZ	C	-0.9%
ADP	B	-0.84%
TT	A	-0.84%
BSX	B	-0.82%
CSCO	B	-0.75%
LOW	D	-0.75%
AMGN	D	-0.73%
INTU	C	-0.7%
ECL	D	-0.69%
AMAT	F	-0.69%
URI	B	-0.68%
AWK	D	-0.67%
ADBE	C	-0.67%
OMC	C	-0.65%
LIN	D	-0.64%
ES	D	-0.64%
SHW	A	-0.61%
NUE	C	-0.61%
ITW	B	-0.58%
TGT	F	-0.56%
HPE	B	-0.55%
AMD	F	-0.52%
DE	A	-0.52%
ED	D	-0.49%
TXN	C	-0.48%
EMR	A	-0.47%
HUM	C	-0.45%
JLL	D	-0.43%
CDNS	B	-0.43%
BMY	B	-0.41%
BALL	D	-0.4%
SJM	D	-0.4%
RMD	C	-0.38%
TJX	A	-0.37%
LULU	C	-0.36%
ADSK	A	-0.36%
STE	F	-0.36%
EBAY	D	-0.36%
MU	D	-0.35%
DHR	F	-0.35%
MKC	D	-0.34%
GILD	C	-0.34%
PYPL	B	-0.32%
DRI	B	-0.31%
ROK	B	-0.31%
A	D	-0.31%
HUBS	A	-0.31%
QCOM	F	-0.3%
CLX	B	-0.3%
IDXX	F	-0.3%
MORN	B	-0.3%
ULTA	F	-0.29%
EW	C	-0.29%
HOLX	D	-0.28%
WDAY	B	-0.28%
TSCO	D	-0.28%
MOS	F	-0.28%
PFE	D	-0.27%
HPQ	B	-0.27%
PNR	A	-0.26%
IPG	D	-0.26%
INTC	D	-0.26%
HAS	D	-0.26%
ALNY	D	-0.25%
NKE	D	-0.25%
BBY	D	-0.24%
PRI	A	-0.24%
MTN	C	-0.23%
DAR	C	-0.23%
EL	F	-0.22%
MSA	D	-0.22%
SNPS	B	-0.22%
EXPD	D	-0.22%
BFAM	D	-0.21%
MSI	B	-0.21%
VRTX	F	-0.2%
TPR	B	-0.2%
WSM	B	-0.2%
DECK	A	-0.2%
DELL	C	-0.19%
KLAC	D	-0.19%
FMC	D	-0.18%
WAT	B	-0.18%
CTAS	B	-0.18%
SCI	B	-0.18%
KNX	B	-0.18%
DVA	B	-0.17%
FIS	C	-0.16%
FCN	D	-0.16%
MTG	C	-0.15%
LRCX	F	-0.15%
PANW	C	-0.15%
AKAM	D	-0.14%
XYL	D	-0.14%
CNM	D	-0.14%
TWLO	A	-0.12%
NEE	D	-0.11%
GAP	C	-0.11%
G	B	-0.11%
EXAS	D	-0.1%
SNOW	C	-0.1%
REGN	F	-0.1%
EA	A	-0.1%
CHD	B	-0.1%
RL	B	-0.09%
PLNT	A	-0.09%
GPC	D	-0.09%
IQV	D	-0.09%
TTEK	F	-0.09%
SWK	D	-0.09%
VRSN	F	-0.08%
MAN	D	-0.08%
PODD	C	-0.08%
PCTY	B	-0.08%
BRX	A	-0.06%
DKS	C	-0.06%
RKT	F	-0.06%
FICO	B	-0.05%
LITE	B	-0.05%
VLTO	D	-0.05%
ON	D	-0.05%
CIEN	B	-0.05%
FSLR	F	-0.04%
RHI	B	-0.04%
ETSY	D	-0.03%
CPRT	A	-0.03%
HXL	D	-0.03%
MRNA	F	-0.02%