SEF vs. IQRA ETF Comparison

Comparison of ProShares Short Financials (SEF) to IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF (IQRA)

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

IQRA

IQ MacKay Municipal Insured ETF IQ CBRE Real Assets ETF

IQRA Description

The fund will normally invest at least 80% of its assets (net assets plus borrowings for investment purposes) in securities issued by real assets companies. Under normal circumstances, the fund invests primarily in common stock, but may also invest in other equity securities including preferred stock, convertible securities, rights or warrants to buy common stocks, master limited partnerships ("MLPs"), and depositary receipts with characteristics similar to common stock.

Grade (RS Rating)

Last Trade

$27.36

Average Daily Volume

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	IQRA
30 Days	-7.06%	-0.76%
60 Days	-9.74%	-2.13%
90 Days	-11.63%	1.59%
12 Months	-26.67%	21.02%

12 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in IQRA	Overlap
AMT	D	1.74%	2.01%	1.74%
DLR	B	0.44%	1.21%	0.44%
EQIX	A	0.84%	3.71%	0.84%
EXR	D	0.24%	1.01%	0.24%
HST	C	0.22%	1.5%	0.22%
INVH	D	0.28%	0.73%	0.28%
O	D	0.42%	3.8%	0.42%
PSA	D	0.56%	0.51%	0.51%
REG	B	0.18%	1.32%	0.18%
SPG	B	0.76%	5.27%	0.76%
SUI	D	0.24%	2.14%	0.24%
WELL	A	0.59%	2.07%	0.59%

SEF Overweight 85 Positions Relative to IQRA

Symbol	Grade	Weight
BRK.A	B	7.56%
JPM	A	7.27%
V	A	5.88%
MA	C	4.83%
BAC	A	4.46%
WFC	A	3.19%
C	A	2.98%
AXP	A	1.49%
GS	A	1.34%
USB	A	1.32%
TFC	A	1.27%
CME	A	1.25%
SPGI	C	1.22%
MS	A	1.19%
CB	C	1.17%
PNC	B	1.13%
BLK	C	1.06%
CCI	D	1.02%
PLD	D	1.0%
MMC	B	0.97%
SCHW	B	0.93%
ICE	C	0.91%
AON	A	0.83%
COF	B	0.81%
AIG	B	0.77%
PGR	A	0.75%
MCO	B	0.7%
MET	A	0.69%
BX	A	0.67%
PRU	A	0.66%
AFL	B	0.66%
BK	A	0.65%
ALL	A	0.64%
TRV	B	0.61%
TROW	B	0.52%
AVB	B	0.51%
STT	A	0.5%
SBAC	D	0.48%
EQR	B	0.48%
WTW	B	0.44%
DFS	B	0.44%
MSCI	C	0.4%
CSGP	D	0.4%
WY	D	0.39%
NTRS	A	0.39%
AMP	A	0.37%
VTR	C	0.37%
HIG	B	0.37%
SYF	B	0.36%
MTB	A	0.36%
FITB	A	0.35%
BXP	D	0.34%
CBRE	B	0.34%
ESS	B	0.34%
ARE	D	0.32%
KEY	B	0.32%
ACGL	D	0.31%
CFG	B	0.3%
DOC	D	0.3%
AJG	B	0.3%
MKL	A	0.28%
RF	A	0.27%
CINF	A	0.27%
HBAN	A	0.26%
MAA	B	0.26%
PFG	D	0.25%
MKTX	D	0.24%
WPC	D	0.24%
L	A	0.23%
NLY	C	0.23%
UDR	B	0.23%
ELS	C	0.22%
FNF	B	0.22%
NDAQ	A	0.21%
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%
VNO	B	0.18%
CPT	B	0.18%
WRB	A	0.17%

SEF Underweight 35 Positions Relative to IQRA

Symbol	Grade	Weight
TRGP	B	-3.45%
WEC	A	-2.67%
CSX	B	-2.65%
NEE	D	-2.13%
PPL	B	-1.61%
PCG	A	-1.56%
CUBE	D	-1.31%
ATO	A	-1.03%
ADC	B	-1.03%
UE	C	-1.02%
COLD	D	-1.01%
PAGP	A	-0.95%
CMS	C	-0.93%
XEL	A	-0.93%
IRM	D	-0.91%
ESRT	C	-0.88%
WTRG	B	-0.85%
REXR	F	-0.84%
OGE	B	-0.83%
CNI	D	-0.8%
SRE	A	-0.78%
DTE	C	-0.77%
EVRG	A	-0.76%
NSC	B	-0.73%
AES	F	-0.71%
CNP	B	-0.69%
VICI	C	-0.67%
CPK	A	-0.65%
BRX	A	-0.63%
AEE	A	-0.53%
CEG	D	-0.47%
FCPT	C	-0.43%
ALE	A	-0.41%
KMI	A	-0.36%
POR	C	-0.33%