SEF vs. XLF ETF Comparison

Comparison of ProShares Short Financials (SEF) to SPDR Select Sector Fund - Financial (XLF)

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

$33.95

Average Daily Volume

11,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.08

Average Daily Volume

39,210,793

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	XLF
30 Days	-7.06%	7.68%
60 Days	-9.74%	11.64%
90 Days	-11.63%	14.59%
12 Months	-26.67%	46.19%

59 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in XLF	Overlap
ACGL	D	0.31%	0.54%	0.31%
AFL	B	0.66%	0.8%	0.66%
AIG	B	0.77%	0.71%	0.71%
AJG	B	0.3%	0.94%	0.3%
ALL	A	0.64%	0.75%	0.64%
AMP	A	0.37%	0.8%	0.37%
AON	A	0.83%	1.19%	0.83%
AXP	A	1.49%	2.36%	1.49%
BAC	A	4.46%	4.5%	4.46%
BK	A	0.65%	0.83%	0.65%
BLK	C	1.06%	2.12%	1.06%
BRK.A	B	7.56%	12.45%	7.56%
BX	A	0.67%	1.9%	0.67%
C	A	2.98%	1.89%	1.89%
CB	C	1.17%	1.57%	1.17%
CFG	B	0.3%	0.3%	0.3%
CINF	A	0.27%	0.34%	0.27%
CME	A	1.25%	1.17%	1.17%
COF	B	0.81%	1.02%	0.81%
DFS	B	0.44%	0.63%	0.44%
EG	C	0.19%	0.23%	0.19%
FDS	B	0.18%	0.27%	0.18%
FITB	A	0.35%	0.46%	0.35%
GL	B	0.18%	0.14%	0.14%
GS	A	1.34%	2.7%	1.34%
HBAN	A	0.26%	0.37%	0.26%
HIG	B	0.37%	0.5%	0.37%
ICE	C	0.91%	1.31%	0.91%
JPM	A	7.27%	10.0%	7.27%
KEY	B	0.32%	0.26%	0.26%
L	A	0.23%	0.22%	0.22%
MA	C	4.83%	6.24%	4.83%
MCO	B	0.7%	1.1%	0.7%
MET	A	0.69%	0.71%	0.69%
MKTX	D	0.24%	0.15%	0.15%
MMC	B	0.97%	1.58%	0.97%
MS	A	1.19%	2.4%	1.19%
MSCI	C	0.4%	0.69%	0.4%
MTB	A	0.36%	0.52%	0.36%
NDAQ	A	0.21%	0.47%	0.21%
NTRS	A	0.39%	0.31%	0.31%
PFG	D	0.25%	0.27%	0.25%
PGR	A	0.75%	2.19%	0.75%
PNC	B	1.13%	1.2%	1.13%
PRU	A	0.66%	0.65%	0.65%
RF	A	0.27%	0.35%	0.27%
RJF	A	0.2%	0.43%	0.2%
SCHW	B	0.93%	1.74%	0.93%
SPGI	C	1.22%	2.38%	1.22%
STT	A	0.5%	0.41%	0.41%
SYF	B	0.36%	0.37%	0.36%
TFC	A	1.27%	0.9%	0.9%
TROW	B	0.52%	0.39%	0.39%
TRV	B	0.61%	0.85%	0.61%
USB	A	1.32%	1.14%	1.14%
V	A	5.88%	7.49%	5.88%
WFC	A	3.19%	3.6%	3.19%
WRB	A	0.17%	0.26%	0.17%
WTW	B	0.44%	0.46%	0.44%

SEF Overweight 38 Positions Relative to XLF

Symbol	Grade	Weight
AMT	D	1.74%
CCI	D	1.02%
PLD	D	1.0%
EQIX	A	0.84%
SPG	B	0.76%
WELL	A	0.59%
PSA	D	0.56%
AVB	B	0.51%
SBAC	D	0.48%
EQR	B	0.48%
DLR	B	0.44%
O	D	0.42%
CSGP	D	0.4%
WY	D	0.39%
VTR	C	0.37%
BXP	D	0.34%
CBRE	B	0.34%
ESS	B	0.34%
ARE	D	0.32%
DOC	D	0.3%
INVH	D	0.28%
MKL	A	0.28%
MAA	B	0.26%
WPC	D	0.24%
SUI	D	0.24%
EXR	D	0.24%
NLY	C	0.23%
UDR	B	0.23%
HST	C	0.22%
ELS	C	0.22%
FNF	B	0.22%
LNC	B	0.2%
MPW	F	0.19%
ALLY	C	0.19%
EQH	B	0.19%
REG	B	0.18%
VNO	B	0.18%
CPT	B	0.18%

SEF Underweight 13 Positions Relative to XLF

Symbol	Grade	Weight
FI	A	-1.76%
KKR	A	-1.48%
PYPL	B	-1.27%
FIS	C	-0.7%
GPN	B	-0.43%
BRO	B	-0.38%
CPAY	A	-0.37%
CBOE	B	-0.3%
JKHY	D	-0.18%
AIZ	A	-0.16%
ERIE	D	-0.15%
IVZ	B	-0.12%
BEN	C	-0.1%