SEF vs. QUAL ETF Comparison

Comparison of ProShares Short Financials (SEF) to iShares MSCI USA Quality Factor ETF (QUAL)

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

QUAL

iShares MSCI USA Quality Factor ETF

QUAL Description

The investment seeks to track the investment results of an index composed of U.S. large- and mid-capitalization stocks with quality characteristics as identified through certain fundamental metrics. The fund seeks to track the investment results of the MSCI USA Quality Index (the "underlying index"), which is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid-capitalization stocks. It generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$182.75

Average Daily Volume

893,947

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	SEF	QUAL
30 Days	-7.06%	1.61%
60 Days	-9.74%	2.39%
90 Days	-11.63%	3.34%
12 Months	-26.67%	30.86%

18 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in QUAL	Overlap
ACGL	D	0.31%	0.26%	0.26%
AFL	B	0.66%	0.42%	0.42%
AMP	A	0.37%	0.33%	0.33%
AVB	B	0.51%	0.24%	0.24%
BLK	C	1.06%	0.99%	0.99%
CBRE	B	0.34%	0.35%	0.34%
CME	A	1.25%	0.52%	0.52%
CSGP	D	0.4%	0.26%	0.26%
EQR	B	0.48%	0.18%	0.18%
FDS	B	0.18%	0.12%	0.12%
MA	C	4.83%	4.22%	4.22%
MCO	B	0.7%	0.53%	0.53%
MKTX	D	0.24%	0.07%	0.07%
MMC	B	0.97%	0.74%	0.74%
PLD	D	1.0%	0.71%	0.71%
PSA	D	0.56%	0.55%	0.55%
TROW	B	0.52%	0.19%	0.19%
V	A	5.88%	4.5%	4.5%

SEF Overweight 79 Positions Relative to QUAL

Symbol	Grade	Weight
BRK.A	B	7.56%
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%
SPGI	C	1.22%
MS	A	1.19%
CB	C	1.17%
PNC	B	1.13%
CCI	D	1.02%
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%
BK	A	0.65%
ALL	A	0.64%
TRV	B	0.61%
WELL	A	0.59%
STT	A	0.5%
SBAC	D	0.48%
DLR	B	0.44%
WTW	B	0.44%
DFS	B	0.44%
O	D	0.42%
MSCI	C	0.4%
WY	D	0.39%
NTRS	A	0.39%
VTR	C	0.37%
HIG	B	0.37%
SYF	B	0.36%
MTB	A	0.36%
FITB	A	0.35%
BXP	D	0.34%
ESS	B	0.34%
ARE	D	0.32%
KEY	B	0.32%
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%
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 105 Positions Relative to QUAL

Symbol	Grade	Weight
NVDA	C	-6.93%
AAPL	C	-5.44%
MSFT	F	-4.5%
META	D	-4.09%
LLY	F	-3.42%
UNH	C	-2.81%
COST	B	-2.55%
JNJ	D	-2.15%
TJX	A	-2.03%
GOOGL	C	-1.77%
ADBE	C	-1.76%
NFLX	A	-1.76%
ADP	B	-1.75%
CSCO	B	-1.74%
COP	C	-1.73%
ACN	C	-1.67%
GOOG	C	-1.55%
KO	D	-1.43%
NKE	D	-1.41%
CAT	B	-1.4%
TXN	C	-1.34%
CMG	B	-1.26%
AMAT	F	-1.17%
QCOM	F	-1.15%
LIN	D	-1.14%
PEP	F	-1.1%
LMT	D	-1.08%
SRE	A	-0.93%
SLB	C	-0.89%
KLAC	D	-0.77%
ANET	C	-0.73%
ITW	B	-0.73%
LRCX	F	-0.73%
DHI	D	-0.7%
PEG	A	-0.69%
LULU	C	-0.66%
VRTX	F	-0.62%
CTAS	B	-0.6%
GWW	B	-0.59%
CDNS	B	-0.58%
TPL	A	-0.58%
SHW	A	-0.57%
NVR	D	-0.52%
SNPS	B	-0.51%
ZTS	D	-0.51%
ED	D	-0.5%
APH	A	-0.5%
MMM	D	-0.5%
PAYX	C	-0.49%
DECK	A	-0.49%
GRMN	B	-0.48%
TSCO	D	-0.43%
PHM	D	-0.43%
FAST	B	-0.42%
ATO	A	-0.4%
APD	A	-0.35%
ODFL	B	-0.34%
ULTA	F	-0.31%
IDXX	F	-0.3%
WSM	B	-0.29%
BBY	D	-0.29%
FERG	B	-0.28%
EW	C	-0.24%
ROK	B	-0.22%
POOL	C	-0.22%
EQT	B	-0.22%
VLTO	D	-0.21%
MNST	C	-0.21%
NTAP	C	-0.21%
MANH	D	-0.2%
EA	A	-0.2%
A	D	-0.2%
APA	D	-0.19%
MPWR	F	-0.18%
EME	C	-0.17%
RMD	C	-0.17%
LPLA	A	-0.17%
VEEV	C	-0.16%
PPG	F	-0.15%
HSY	F	-0.15%
KEYS	A	-0.15%
CBOE	B	-0.14%
WAT	B	-0.13%
ROL	B	-0.12%
WSO	A	-0.12%
WST	C	-0.12%
EXPD	D	-0.12%
GGG	B	-0.11%
OMC	C	-0.1%
PKG	A	-0.1%
ERIE	D	-0.09%
RS	B	-0.09%
MOH	F	-0.09%
JKHY	D	-0.09%
AVY	D	-0.08%
PAYC	B	-0.08%
UTHR	C	-0.08%
SEIC	B	-0.07%
ENPH	F	-0.06%
SMCI	F	-0.06%
AOS	F	-0.06%
AFG	A	-0.06%
SOLV	C	-0.05%
IPG	D	-0.05%
WBA	F	-0.03%