SMHB vs. REK ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to ProShares Short Real Estate (REK)

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.68

Average Daily Volume

32,383

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REK

ProShares Short Real Estate

REK 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. Real EstateSM 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 real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.75

Average Daily Volume

10,728

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	REK
30 Days	-6.71%	1.27%
60 Days	-0.25%	1.59%
90 Days	3.93%	-2.77%
12 Months	14.64%	-16.18%

12 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in REK	Overlap
BDN	D	2.41%	0.22%	0.22%
BXMT	C	3.43%	0.39%	0.39%
CIM	D	2.62%	0.31%	0.31%
DSS	C	2.87%	0.28%	0.28%
EPR	D	2.34%	0.44%	0.44%
IVR	F	1.43%	0.19%	0.19%
MFA	D	1.27%	0.28%	0.28%
NHI	D	1.64%	0.29%	0.29%
PDM	B	0.99%	0.23%	0.23%
SBRA	B	2.38%	0.33%	0.33%
SLG	B	4.87%	0.58%	0.58%
TWO	F	2.87%	0.32%	0.32%

SMHB Overweight 78 Positions Relative to REK

Symbol	Grade	Weight
XRX	F	4.09%
DTM	A	3.81%
BGS	C	2.41%
ABR	B	2.21%
APAM	A	2.02%
PAGP	C	1.88%
UNIT	A	1.86%
UWMC	F	1.84%
ARR	D	1.65%
ORC	F	1.51%
CCOI	B	1.51%
PSEC	D	1.47%
DEA	C	1.35%
PMT	D	1.35%
RWT	D	1.24%
CTRE	B	1.16%
PETS	C	1.13%
MAIN	C	1.09%
HTGC	C	1.03%
ARI	D	1.02%
GNL	D	1.01%
FCPT	D	1.0%
EFC	D	1.0%
GSBD	F	0.94%
NEWT	B	0.94%
NYMT	D	0.93%
LTC	A	0.91%
DX	C	0.89%
KREF	B	0.8%
VGR	B	0.79%
NWBI	D	0.77%
GBDC	D	0.73%
CODI	D	0.72%
VNOM	A	0.65%
SCS	F	0.65%
RC	F	0.65%
ACRE	F	0.64%
LADR	C	0.62%
TSLX	D	0.62%
HESM	F	0.59%
UVV	B	0.54%
OCSL	F	0.54%
AROC	D	0.53%
GMRE	D	0.5%
ILPT	F	0.49%
BRSP	C	0.49%
WSR	B	0.46%
ALX	D	0.45%
GTY	C	0.44%
OPI	F	0.4%
RMR	D	0.38%
NMFC	F	0.38%
UHT	D	0.36%
GPMT	C	0.34%
CSWC	F	0.34%
GOOD	A	0.33%
FSP	A	0.29%
TRTX	A	0.29%
TCPC	F	0.27%
AHH	D	0.27%
CGBD	C	0.25%
BCSF	C	0.24%
TPVG	F	0.23%
PFLT	D	0.23%
SLRC	C	0.23%
UVE	D	0.22%
BBDC	D	0.22%
KRO	B	0.2%
EBF	F	0.18%
GAIN	B	0.17%
PNNT	D	0.16%
OLP	D	0.16%
FDUS	D	0.16%
GLAD	B	0.15%
BFS	D	0.14%
TRIN	D	0.12%
CCAP	C	0.1%
REPX	D	0.07%

SMHB Underweight 75 Positions Relative to REK

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	F	-4.64%
EQIX	B	-3.91%
SPG	A	-3.53%
WELL	A	-2.73%
PSA	D	-2.58%
AVB	C	-2.35%
EQR	D	-2.24%
SBAC	D	-2.21%
DLR	A	-2.02%
O	D	-1.94%
CSGP	D	-1.85%
WY	C	-1.8%
VTR	B	-1.71%
ESS	D	-1.59%
CBRE	A	-1.59%
BXP	C	-1.56%
ARE	F	-1.46%
DOC	C	-1.4%
INVH	F	-1.28%
MAA	D	-1.19%
EXR	D	-1.13%
WPC	F	-1.12%
SUI	D	-1.12%
NLY	D	-1.08%
UDR	D	-1.08%
HST	D	-1.0%
ELS	D	-1.0%
MPW	D	-0.9%
VNO	B	-0.83%
CPT	D	-0.83%
REG	B	-0.82%
AGNC	D	-0.77%
VICI	D	-0.76%
OHI	B	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
FRT	D	-0.71%
IRM	B	-0.7%
JLL	B	-0.69%
KIM	A	-0.67%
KRC	B	-0.63%
LAMR	B	-0.62%
AIV	D	-0.61%
STWD	D	-0.56%
AMH	F	-0.54%
DEI	B	-0.54%
COLD	F	-0.53%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	D	-0.47%
PK	D	-0.46%
HPP	F	-0.45%
HHH	B	-0.42%
FR	D	-0.42%
EGP	F	-0.41%
HIW	C	-0.41%
REXR	F	-0.41%
RHP	A	-0.37%
JBGS	D	-0.37%
HR	D	-0.36%
OUT	B	-0.32%
RYN	B	-0.32%
SVC	F	-0.31%
EQC	C	-0.31%
APLE	B	-0.26%
PEB	F	-0.26%
SHO	F	-0.24%
RLJ	F	-0.23%
PCH	D	-0.23%
PGRE	C	-0.22%
MAC	A	-0.22%
LXP	D	-0.21%
XHR	C	-0.18%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers