SEF vs. TVAL ETF Comparison

Comparison of ProShares Short Financials (SEF) to T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF (TVAL)

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

TVAL

T. Rowe Price Exchange-Traded Funds, Inc. T. Rowe Price Value ETF

TVAL Description

The fund will invest primarily in U.S. equity securities. In taking a value approach to investment selection, the adviser seeks to identify companies that appear to be undervalued by various measures, and may be temporarily out of favor, but have good prospects for capital appreciation. Some of the principal measures used to identify such stocks are: price/earnings ratio, price/book value ratio, price/sales ratio, dividend yield, price/cash flow, undervalued assets, and restructuring opportunities. The fund may purchase the stocks of companies of any size, but typically focuses on larger companies.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

13,066

Number of Holdings ^*

144

* may have additional holdings in another (foreign) market

Performance

Period	SEF	TVAL
30 Days	-7.06%	2.98%
60 Days	-9.74%	4.22%
90 Days	-11.63%	5.88%
12 Months	-26.67%	29.14%

27 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in TVAL	Overlap
AIG	B	0.77%	0.87%	0.77%
ALL	A	0.64%	0.39%	0.39%
AVB	B	0.51%	1.22%	0.51%
AXP	A	1.49%	0.26%	0.26%
BAC	A	4.46%	1.89%	1.89%
BLK	C	1.06%	0.43%	0.43%
C	A	2.98%	0.81%	0.81%
CB	C	1.17%	2.23%	1.17%
CME	A	1.25%	0.23%	0.23%
COF	B	0.81%	0.33%	0.33%
EQH	B	0.19%	1.0%	0.19%
EQIX	A	0.84%	0.16%	0.16%
FITB	A	0.35%	0.77%	0.35%
HBAN	A	0.26%	0.45%	0.26%
HIG	B	0.37%	1.96%	0.37%
JPM	A	7.27%	1.23%	1.23%
MET	A	0.69%	0.22%	0.22%
MMC	B	0.97%	0.67%	0.67%
MS	A	1.19%	0.56%	0.56%
PGR	A	0.75%	0.48%	0.48%
PLD	D	1.0%	0.34%	0.34%
PSA	D	0.56%	0.44%	0.44%
SCHW	B	0.93%	0.89%	0.89%
SPGI	C	1.22%	0.26%	0.26%
USB	A	1.32%	0.56%	0.56%
WFC	A	3.19%	1.77%	1.77%
WY	D	0.39%	0.88%	0.39%

SEF Overweight 70 Positions Relative to TVAL

Symbol	Grade	Weight
BRK.A	B	7.56%
V	A	5.88%
MA	C	4.83%
AMT	D	1.74%
GS	A	1.34%
TFC	A	1.27%
PNC	B	1.13%
CCI	D	1.02%
ICE	C	0.91%
AON	A	0.83%
SPG	B	0.76%
MCO	B	0.7%
BX	A	0.67%
PRU	A	0.66%
AFL	B	0.66%
BK	A	0.65%
TRV	B	0.61%
WELL	A	0.59%
TROW	B	0.52%
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%
MSCI	C	0.4%
CSGP	D	0.4%
NTRS	A	0.39%
AMP	A	0.37%
VTR	C	0.37%
SYF	B	0.36%
MTB	A	0.36%
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%
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%
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 117 Positions Relative to TVAL

Symbol	Grade	Weight
XOM	B	-2.56%
UNH	C	-1.9%
WMT	A	-1.89%
JNJ	D	-1.82%
ELV	F	-1.81%
SO	D	-1.67%
FI	A	-1.53%
KVUE	A	-1.49%
PM	B	-1.41%
LHX	C	-1.36%
COP	C	-1.25%
GE	D	-1.21%
LLY	F	-1.19%
TMO	F	-1.12%
SWK	D	-1.1%
CMI	A	-1.09%
QCOM	F	-1.08%
BDX	F	-1.01%
GOOG	C	-0.95%
TMUS	B	-0.88%
META	D	-0.87%
CI	F	-0.87%
ZBH	C	-0.85%
CL	D	-0.84%
EOG	A	-0.82%
MCK	B	-0.8%
MRK	F	-0.8%
NWSA	B	-0.75%
VST	B	-0.74%
NSC	B	-0.74%
CVX	A	-0.73%
LIN	D	-0.73%
KO	D	-0.72%
PG	A	-0.72%
TXN	C	-0.7%
HUBB	B	-0.7%
ACN	C	-0.7%
GEV	B	-0.7%
TTE	F	-0.7%
HON	B	-0.68%
SRE	A	-0.68%
KMB	D	-0.66%
MSFT	F	-0.65%
AEE	A	-0.65%
DHR	F	-0.65%
IP	B	-0.64%
HD	A	-0.63%
RSG	A	-0.62%
WDC	D	-0.6%
NEE	D	-0.59%
VZ	C	-0.58%
BA	F	-0.56%
D	C	-0.55%
AZO	C	-0.52%
RPM	A	-0.52%
ROK	B	-0.52%
CF	B	-0.52%
BAX	D	-0.5%
CSX	B	-0.49%
HWM	A	-0.48%
REXR	F	-0.48%
AZN	D	-0.47%
MAR	B	-0.47%
WMB	A	-0.46%
CMCSA	B	-0.46%
EQT	B	-0.46%
MCD	D	-0.46%
APO	B	-0.46%
TDG	D	-0.46%
ARES	A	-0.45%
MU	D	-0.45%
HCA	F	-0.45%
FANG	D	-0.43%
MDLZ	F	-0.43%
REGN	F	-0.42%
UNP	C	-0.42%
CPAY	A	-0.42%
LEN	D	-0.42%
LVS	C	-0.41%
LAMR	D	-0.4%
KDP	D	-0.4%
CAG	D	-0.4%
TSM	B	-0.39%
AMAT	F	-0.38%
ABBV	D	-0.36%
YUM	B	-0.36%
BKR	B	-0.35%
KEYS	A	-0.35%
ADI	D	-0.35%
MSI	B	-0.34%
EFX	F	-0.33%
A	D	-0.33%
STLD	B	-0.32%
UAL	A	-0.31%
TT	A	-0.31%
AME	A	-0.31%
OTIS	C	-0.3%
CAT	B	-0.3%
VRTX	F	-0.29%
ROP	B	-0.29%
TJX	A	-0.29%
MOH	F	-0.28%
UPS	C	-0.28%
CARR	D	-0.27%
MCHP	D	-0.27%
CDW	F	-0.25%
MGM	D	-0.24%
ZTS	D	-0.23%
CVS	D	-0.23%
HAL	C	-0.22%
VMC	B	-0.22%
AMD	F	-0.22%
BHP	F	-0.2%
DIS	B	-0.2%
AVY	D	-0.19%
SNY	F	-0.19%
DTE	C	-0.17%