SMHB vs. REZ ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to iShares Residential Real Estate Capped ETF (REZ)

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

$5.73

Average Daily Volume

37,351

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REZ

iShares Residential Real Estate Capped ETF

REZ Description

The investment seeks to track the investment results of an index composed of U.S. residential, healthcare and self-storage real estate equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of the residential, healthcare and self-storage real estate sectors of the U.S. equity market. Components primarily include real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$68.65

Average Daily Volume

44,779

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	REZ
30 Days	-3.52%	-1.98%
60 Days	-1.03%	-0.94%
90 Days	-3.85%	-3.38%
12 Months	27.33%	-0.87%

6 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in REZ	Overlap
CTRE	A	1.16%	0.84%	0.84%
GMRE	D	0.5%	0.15%	0.15%
LTC	B	0.91%	0.38%	0.38%
NHI	A	1.64%	0.74%	0.74%
SBRA	C	2.38%	0.94%	0.94%
UHT	F	0.36%	0.13%	0.13%

SMHB Overweight 85 Positions Relative to REZ

Symbol	Grade	Weight
SLG	B	4.87%
XRX	D	4.09%
DTM	A	3.81%
BXMT	D	3.43%
DSS	D	2.87%
TWO	D	2.87%
CIM	F	2.62%
ETRN	A	2.49%
BDN	B	2.41%
BGS	B	2.41%
EPR	D	2.34%
ABR	D	2.21%
APAM	B	2.02%
PAGP	A	1.88%
UNIT	D	1.86%
UWMC	D	1.84%
ARR	D	1.65%
ORC	D	1.51%
CCOI	D	1.51%
PSEC	C	1.47%
IVR	D	1.43%
DEA	D	1.35%
PMT	C	1.35%
MFA	C	1.27%
RWT	D	1.24%
PETS	F	1.13%
MAIN	A	1.09%
HTGC	A	1.03%
ARI	B	1.02%
GNL	F	1.01%
FCPT	D	1.0%
EFC	D	1.0%
PDM	B	0.99%
GSBD	A	0.94%
NEWT	D	0.94%
NYMT	F	0.93%
DX	D	0.89%
KREF	D	0.8%
VGR	D	0.79%
NWBI	D	0.77%
GBDC	A	0.73%
CODI	B	0.72%
VNOM	A	0.65%
SCS	D	0.65%
RC	D	0.65%
ACRE	F	0.64%
LADR	D	0.62%
TSLX	B	0.62%
HESM	A	0.59%
UVV	B	0.54%
OCSL	A	0.54%
AROC	A	0.53%
ILPT	D	0.49%
BRSP	D	0.49%
WSR	C	0.46%
ALX	C	0.45%
GTY	D	0.44%
OPI	F	0.4%
RMR	D	0.38%
NMFC	C	0.38%
GPMT	D	0.34%
CSWC	A	0.34%
GOOD	A	0.33%
FSP	F	0.29%
TRTX	A	0.29%
TCPC	D	0.27%
AHH	D	0.27%
CGBD	A	0.25%
BCSF	A	0.24%
TPVG	D	0.23%
PFLT	A	0.23%
SLRC	A	0.23%
UVE	B	0.22%
BBDC	A	0.22%
KRO	A	0.2%
EBF	D	0.18%
GAIN	A	0.17%
PNNT	A	0.16%
OLP	A	0.16%
FDUS	A	0.16%
GLAD	A	0.15%
BFS	D	0.14%
TRIN	A	0.12%
CCAP	A	0.1%
REPX	B	0.07%

SMHB Underweight 31 Positions Relative to REZ

Symbol	Grade	Weight
WELL	B	-13.08%
PSA	D	-10.98%
EXR	D	-7.59%
AVB	A	-6.78%
EQR	A	-5.95%
ESS	B	-4.49%
INVH	B	-4.44%
VTR	D	-4.4%
MAA	D	-4.34%
SUI	D	-4.14%
DOC	A	-3.8%
AMH	D	-3.49%
UDR	C	-3.49%
ELS	F	-3.28%
CPT	C	-2.98%
CUBE	B	-2.85%
OHI	D	-2.22%
AIRC	A	-1.7%
HR	D	-1.57%
IRT	A	-1.06%
MPW	B	-0.83%
NSA	B	-0.81%
ELME	A	-0.38%
AIV	A	-0.34%
VRE	D	-0.33%
UMH	B	-0.28%
CSR	A	-0.28%
NXRT	B	-0.21%
CHCT	F	-0.2%
DHC	F	-0.17%
BRT	B	-0.06%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential 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