SMN vs. AMID ETF Comparison

Comparison of ProShares UltraShort Basic Materials (SMN) to Argent Mid Cap ETF (AMID)

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

$13.60

Average Daily Volume

3,849

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AMID

Argent Mid Cap ETF

AMID Description

AMID aims to outperform the Russell MidCap Index over the long term by applying Change-Based Investing strategies. The fund actively invests in stocks undergoing positive internal or external change, which the issuer believes could lead to underappreciated growth. The starting universe begins with 1,500 US mid-cap stocks that are screened for liquidity and grouped by sector. Using their proprietary Argent Alpha Model, stocks are ranked under four main categories: Value, Growth, Quality, and Stability. Stocks within each sector with positive exposure to outperforming factors are considered. The remaining companies are grouped into current and future market segments based on expected outperformance in the current or future market cycle. Finally, the fund uses fundamental analysis to select 35-50 stocks with prospect improvements at the company or industry level. Sectors may be overweighted at various times in the economic cycle. Individual securities are capped at 8%.

Grade (RS Rating)

Last Trade

$36.72

Average Daily Volume

7,812

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMN	AMID
30 Days	6.12%	4.32%
60 Days	1.26%	3.96%
90 Days	-0.70%	4.88%
12 Months	-22.86%	34.06%

0 Overlapping Holdings

	Symbol	Grade	Weight in SMN	Weight in AMID	Overlap

SMN Overweight 43 Positions Relative to AMID

Symbol	Grade	Weight
LIN	C	18.22%
APD	A	8.28%
ECL	D	7.77%
DD	C	7.23%
DOW	F	6.27%
NEM	D	5.65%
PPG	F	4.81%
LYB	F	3.74%
CTVA	C	3.36%
FCX	F	2.96%
NUE	C	2.59%
IFF	D	2.28%
CE	F	2.25%
FMC	D	2.05%
EMN	C	1.67%
CF	A	1.59%
RPM	A	1.53%
ALB	B	1.36%
RS	B	1.28%
MOS	F	1.21%
RGLD	C	1.17%
STLD	B	1.13%
AXTA	B	1.0%
HUN	F	0.74%
ASH	F	0.73%
SMG	C	0.7%
VVV	D	0.64%
NGVT	B	0.55%
NEU	D	0.55%
AA	A	0.52%
OLN	F	0.45%
CC	C	0.45%
ESI	B	0.44%
SXT	C	0.44%
CMC	B	0.41%
FUL	F	0.4%
CBT	D	0.4%
WLK	D	0.39%
ATI	C	0.37%
CRS	B	0.35%
X	B	0.28%
WOR	F	0.24%
BTU	B	0.1%

SMN Underweight 37 Positions Relative to AMID

Symbol	Grade	Weight
FICO	B	-3.79%
CTAS	B	-3.66%
CPRT	B	-3.56%
BLDR	D	-3.43%
FTNT	C	-3.34%
HLI	A	-3.2%
CBZ	B	-2.93%
LPLA	A	-2.87%
CDW	F	-2.86%
VCTR	B	-2.86%
DHI	F	-2.85%
IT	C	-2.83%
MEDP	D	-2.69%
MUSA	B	-2.63%
HCA	F	-2.49%
BAH	F	-2.45%
BLD	D	-2.43%
OMF	A	-2.4%
URI	C	-2.35%
AFG	A	-2.28%
GDDY	A	-2.24%
A	D	-2.12%
ADUS	D	-2.09%
CG	B	-2.05%
SCI	B	-2.05%
TPX	B	-1.99%
AME	A	-1.98%
ICFI	F	-1.93%
LNG	A	-1.69%
CHDN	B	-1.57%
ABG	C	-1.55%
ENTG	D	-1.52%
MOH	F	-1.44%
PATK	C	-1.35%
TTEK	F	-1.33%
AX	B	-1.11%
EXPO	D	-0.99%

SMN: Top Represented Industries & Keywords

Industries: Specialty Chemicals Chemicals Steel Agricultural Inputs Gold Metal Fabrication Aluminum Coal Copper Oil & Gas Refining & Marketing