SMN vs. ABEQ ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to Absolute Core Strategy ETF (ABEQ)
SMN
ProShares UltraShort Basic Materials
SMN Description
The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. Basic MaterialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$7.55
Average Daily Volume
3,488
43
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.Grade (RS Rating)
Last Trade
$29.50
Average Daily Volume
5,300
15
Performance
| Period | SMN | ABEQ |
|---|---|---|
| 30 Days | 8.63% | -2.97% |
| 60 Days | -2.47% | 1.64% |
| 90 Days | -11.78% | 2.18% |
| 12 Months | -18.75% | 3.83% |
SMN Overweight 40 Positions Relative to ABEQ
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | C | 18.22% | |
| APD | C | 8.28% | |
| ECL | B | 7.77% | |
| DOW | B | 6.27% | |
| NEM | A | 5.65% | |
| PPG | D | 4.81% | |
| LYB | C | 3.74% | |
| FCX | A | 2.96% | |
| NUE | D | 2.59% | |
| CE | D | 2.25% | |
| FMC | F | 2.05% | |
| EMN | B | 1.67% | |
| CF | D | 1.59% | |
| RPM | D | 1.53% | |
| ALB | D | 1.36% | |
| RS | D | 1.28% | |
| MOS | F | 1.21% | |
| RGLD | B | 1.17% | |
| STLD | D | 1.13% | |
| AXTA | B | 1.0% | |
| HUN | D | 0.74% | |
| ASH | B | 0.73% | |
| SMG | C | 0.7% | |
| VVV | C | 0.64% | |
| NGVT | A | 0.55% | |
| NEU | D | 0.55% | |
| AA | B | 0.52% | |
| OLN | D | 0.45% | |
| CC | D | 0.45% | |
| ESI | D | 0.44% | |
| SXT | A | 0.44% | |
| CMC | D | 0.41% | |
| FUL | D | 0.4% | |
| CBT | B | 0.4% | |
| WLK | B | 0.39% | |
| ATI | A | 0.37% | |
| CRS | A | 0.35% | |
| X | F | 0.28% | |
| WOR | D | 0.24% | |
| BTU | F | 0.1% |
SMN: Top Represented Industries & Keywords
ABEQ: Top Represented Industries & Keywords
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