SEF vs. LVOL ETF Comparison

Comparison of ProShares Short Financials (SEF) to American Century Low Volatility ETF (LVOL)

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

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.03

Average Daily Volume

251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	LVOL
30 Days	-7.06%	2.27%
60 Days	-9.74%	3.47%
90 Days	-11.63%	5.50%
12 Months	-26.67%	22.98%

15 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in LVOL	Overlap
AMP	A	0.37%	0.71%	0.37%
AVB	B	0.51%	0.24%	0.24%
BLK	C	1.06%	0.63%	0.63%
BRK.A	B	7.56%	2.51%	2.51%
CB	C	1.17%	0.64%	0.64%
FDS	B	0.18%	0.18%	0.18%
HIG	B	0.37%	0.66%	0.37%
MA	C	4.83%	2.62%	2.62%
MCO	B	0.7%	0.85%	0.7%
MMC	B	0.97%	1.84%	0.97%
MSCI	C	0.4%	0.16%	0.16%
PSA	D	0.56%	0.57%	0.56%
SPGI	C	1.22%	1.53%	1.22%
TROW	B	0.52%	0.16%	0.16%
V	A	5.88%	3.19%	3.19%

SEF Overweight 82 Positions Relative to LVOL

Symbol	Grade	Weight
JPM	A	7.27%
BAC	A	4.46%
WFC	A	3.19%
C	A	2.98%
AMT	D	1.74%
AXP	A	1.49%
GS	A	1.34%
USB	A	1.32%
TFC	A	1.27%
CME	A	1.25%
MS	A	1.19%
PNC	B	1.13%
CCI	D	1.02%
PLD	D	1.0%
SCHW	B	0.93%
ICE	C	0.91%
EQIX	A	0.84%
AON	A	0.83%
COF	B	0.81%
AIG	B	0.77%
SPG	B	0.76%
PGR	A	0.75%
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%
WELL	A	0.59%
STT	A	0.5%
SBAC	D	0.48%
EQR	B	0.48%
DLR	B	0.44%
WTW	B	0.44%
DFS	B	0.44%
O	D	0.42%
CSGP	D	0.4%
WY	D	0.39%
NTRS	A	0.39%
VTR	C	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%
INVH	D	0.28%
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%
SUI	D	0.24%
EXR	D	0.24%
L	A	0.23%
NLY	C	0.23%
UDR	B	0.23%
HST	C	0.22%
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%
REG	B	0.18%
VNO	B	0.18%
CPT	B	0.18%
WRB	A	0.17%

SEF Underweight 83 Positions Relative to LVOL

Symbol	Grade	Weight
MSFT	F	-7.55%
AAPL	C	-7.14%
AMZN	C	-2.81%
PG	A	-2.68%
CSCO	B	-2.62%
ACN	C	-2.46%
LIN	D	-2.44%
HD	A	-2.42%
GOOGL	C	-2.38%
JNJ	D	-2.14%
APH	A	-1.91%
CTAS	B	-1.82%
COST	B	-1.78%
MDT	D	-1.64%
MRK	F	-1.45%
CTSH	B	-1.44%
INTU	C	-1.43%
ABT	B	-1.35%
HON	B	-1.31%
PAYX	C	-1.29%
PTC	A	-1.26%
DOX	D	-1.21%
BSX	B	-1.12%
RSG	A	-1.03%
FI	A	-1.03%
PEP	F	-1.0%
SHW	A	-0.97%
ECL	D	-0.91%
MSI	B	-0.89%
WMT	A	-0.87%
GD	F	-0.87%
CL	D	-0.87%
WM	A	-0.85%
ITW	B	-0.8%
DOV	A	-0.78%
ADSK	A	-0.78%
EA	A	-0.77%
ROP	B	-0.75%
GOOG	C	-0.75%
LOW	D	-0.68%
TDY	B	-0.67%
SYK	C	-0.58%
FAST	B	-0.55%
GWW	B	-0.55%
NDSN	B	-0.55%
KMB	D	-0.53%
MCD	D	-0.52%
CRM	B	-0.51%
VRSK	A	-0.46%
IT	C	-0.45%
YUM	B	-0.43%
IBM	C	-0.42%
SNA	A	-0.41%
CMCSA	B	-0.41%
NTAP	C	-0.39%
OTIS	C	-0.38%
PH	A	-0.36%
NOW	A	-0.35%
IEX	B	-0.32%
ADP	B	-0.31%
BR	A	-0.3%
BMY	B	-0.27%
PKG	A	-0.25%
ABBV	D	-0.25%
CMI	A	-0.24%
ZBH	C	-0.22%
HOLX	D	-0.21%
BKNG	A	-0.2%
KO	D	-0.19%
MNST	C	-0.18%
AVY	D	-0.18%
MDLZ	F	-0.18%
VRSN	F	-0.18%
MAS	D	-0.18%
FFIV	B	-0.16%
HLT	A	-0.15%
JKHY	D	-0.14%
AMGN	D	-0.13%
CW	B	-0.12%
GGG	B	-0.08%
LSTR	D	-0.08%
DCI	B	-0.08%
CHE	D	-0.07%