SEF vs. QOWZ ETF Comparison

Comparison of ProShares Short Financials (SEF) to Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ)

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

$9.56

Average Daily Volume

70,673

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QOWZ

Invesco Nasdaq Free Cash Flow Achievers ETF

QOWZ Description

The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, Nasdaq, Inc. compiles, maintains and calculates the underlying index, which is designed to track the performance of U.S.-listed companies with continuous and stable growth in free cash flow. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.14

Average Daily Volume

2,736

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	QOWZ
30 Days	-0.23%	2.75%
60 Days	-3.33%	6.07%
90 Days	-7.72%	6.01%
12 Months	-21.61%

1 Overlapping Holdings

	Symbol	Grade	Weight in SEF	Weight in QOWZ	Overlap
	MA	B	4.83%	4.46%	4.46%

SEF Overweight 96 Positions Relative to QOWZ

Symbol	Grade	Weight
BRK.A	C	7.56%
JPM	D	7.27%
V	C	5.88%
BAC	D	4.46%
WFC	D	3.19%
C	C	2.98%
AMT	C	1.74%
AXP	B	1.49%
GS	B	1.34%
USB	C	1.32%
TFC	D	1.27%
CME	B	1.25%
SPGI	C	1.22%
MS	B	1.19%
CB	B	1.17%
PNC	C	1.13%
BLK	B	1.06%
CCI	C	1.02%
PLD	C	1.0%
MMC	C	0.97%
SCHW	D	0.93%
ICE	C	0.91%
EQIX	B	0.84%
AON	B	0.83%
COF	B	0.81%
AIG	D	0.77%
SPG	B	0.76%
PGR	C	0.75%
MCO	C	0.7%
MET	B	0.69%
BX	C	0.67%
PRU	C	0.66%
AFL	A	0.66%
BK	B	0.65%
ALL	C	0.64%
TRV	C	0.61%
WELL	C	0.59%
PSA	C	0.56%
TROW	C	0.52%
AVB	C	0.51%
STT	B	0.5%
SBAC	C	0.48%
EQR	C	0.48%
DLR	B	0.44%
WTW	B	0.44%
DFS	C	0.44%
O	B	0.42%
MSCI	C	0.4%
CSGP	D	0.4%
WY	C	0.39%
NTRS	C	0.39%
AMP	B	0.37%
VTR	C	0.37%
HIG	B	0.37%
SYF	C	0.36%
MTB	C	0.36%
FITB	B	0.35%
BXP	C	0.34%
CBRE	B	0.34%
ESS	C	0.34%
ARE	C	0.32%
KEY	C	0.32%
ACGL	B	0.31%
CFG	D	0.3%
DOC	B	0.3%
AJG	D	0.3%
INVH	D	0.28%
MKL	C	0.28%
RF	B	0.27%
CINF	C	0.27%
HBAN	B	0.26%
MAA	C	0.26%
PFG	B	0.25%
MKTX	D	0.24%
WPC	C	0.24%
SUI	C	0.24%
EXR	C	0.24%
L	D	0.23%
NLY	B	0.23%
UDR	C	0.23%
HST	D	0.22%
ELS	D	0.22%
FNF	B	0.22%
NDAQ	C	0.21%
RJF	C	0.2%
LNC	C	0.2%
EG	B	0.19%
MPW	C	0.19%
ALLY	F	0.19%
EQH	C	0.19%
GL	D	0.18%
FDS	C	0.18%
REG	C	0.18%
VNO	B	0.18%
CPT	C	0.18%
WRB	D	0.17%

SEF Underweight 9 Positions Relative to QOWZ

Symbol	Grade	Weight
NVDA	C	-9.91%
META	B	-6.76%
AVGO	C	-5.99%
UNH	C	-5.13%
ADBE	F	-3.92%
CRM	C	-3.46%
TMO	B	-3.4%
NOW	C	-3.35%
INTU	D	-3.02%