SPYD vs. SRS ETF Comparison

Comparison of SPDR S&P 500 High Dividend ETF (SPYD) to ProShares UltraShort Real Estate (SRS)

SPYD

SPDR S&P 500 High Dividend ETF

SPYD Description

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.73

Average Daily Volume

872,787

Number of Holdings ^*

80

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS 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. Real EstateSM 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 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

$45.72

Average Daily Volume

14,715

Number of Holdings ^*

87

* may have additional holdings in another (foreign) market

Performance

Period	SPYD	SRS
30 Days	2.04%	1.06%
60 Days	2.97%	4.22%
90 Days	5.83%	-2.87%
12 Months	36.63%	-33.05%

19 Overlapping Holdings

	Symbol	Grade	Weight in SPYD	Weight in SRS	Overlap
	ARE	D	1.05%	1.46%	1.05%
	BXP	D	1.34%	1.56%	1.34%
	CCI	D	1.13%	4.7%	1.13%
	CPT	B	1.21%	0.83%	0.83%
	DOC	D	1.15%	1.4%	1.15%
	EQR	B	1.2%	2.24%	1.2%
	ESS	B	1.21%	1.59%	1.21%
	EXR	D	1.16%	1.13%	1.13%
	FRT	B	1.21%	0.71%	0.71%
	HST	C	1.15%	1.0%	1.0%
	KIM	A	1.36%	0.67%	0.67%
	MAA	B	1.26%	1.19%	1.19%
	O	D	1.13%	1.94%	1.13%
	PSA	D	1.3%	2.58%	1.3%
	REG	B	1.3%	0.82%	0.82%
	SPG	B	1.38%	3.53%	1.38%
	UDR	B	1.22%	1.08%	1.08%
	VICI	C	1.2%	0.76%	0.76%
	VTR	C	1.36%	1.71%	1.36%

SPYD Overweight 61 Positions Relative to SRS

	Symbol	Grade	Weight
	K	A	1.61%
	OKE	A	1.53%
	WMB	A	1.52%
	ETR	B	1.52%
	KVUE	A	1.5%
	MS	A	1.5%
	KMI	A	1.48%
	BMY	B	1.44%
	MTB	A	1.43%
	IP	B	1.42%
	XEL	A	1.41%
	KEY	B	1.39%
	GILD	C	1.38%
	HBAN	A	1.36%
	RF	A	1.36%
	T	A	1.35%
	PNC	B	1.34%
	WEC	A	1.34%
	PM	B	1.32%
	FITB	A	1.31%
	EVRG	A	1.3%
	MO	A	1.29%
	USB	A	1.28%
	CFG	B	1.27%
	IBM	C	1.27%
	PNW	B	1.26%
	EIX	B	1.26%
	D	C	1.26%
	VTRS	A	1.25%
	EXC	C	1.23%
	SO	D	1.22%
	TFC	A	1.22%
	IVZ	B	1.22%
	BBY	D	1.21%
	HAS	D	1.2%
	VZ	C	1.2%
	TROW	B	1.19%
	CVX	A	1.19%
	UPS	C	1.19%
	PRU	A	1.18%
	DUK	C	1.18%
	FE	C	1.17%
	AMCR	D	1.16%
	AEP	D	1.16%
	SWK	D	1.13%
	ES	D	1.12%
	GIS	D	1.1%
	FMC	D	1.09%
	KHC	F	1.08%
	BEN	C	1.08%
	ABBV	D	1.07%
	SJM	D	1.05%
	IPG	D	1.05%
	CVS	D	1.04%
	CAG	D	1.02%
	LYB	F	0.99%
	DOW	F	0.94%
	PFE	D	0.94%
	F	C	0.92%
	AES	F	0.92%
	WBA	F	0.87%

SPYD Underweight 68 Positions Relative to SRS

	Symbol	Grade	Weight
	AMT	D	-8.05%
	PLD	D	-4.64%
	EQIX	A	-3.91%
	WELL	A	-2.73%
	AVB	B	-2.35%
	SBAC	D	-2.21%
	DLR	B	-2.02%
	CSGP	D	-1.85%
	WY	D	-1.8%
	CBRE	B	-1.59%
	INVH	D	-1.28%
	WPC	D	-1.12%
	SUI	D	-1.12%
	NLY	C	-1.08%
	ELS	C	-1.0%
	MPW	F	-0.9%
	VNO	B	-0.83%
	AGNC	D	-0.77%
	OHI	C	-0.74%
	NNN	D	-0.74%
	GLPI	C	-0.72%
	IRM	D	-0.7%
	JLL	D	-0.69%
	KRC	C	-0.63%
	LAMR	D	-0.62%
	AIV	C	-0.61%
	SLG	B	-0.58%
	STWD	C	-0.56%
	AMH	D	-0.54%
	DEI	B	-0.54%
	COLD	D	-0.53%
	CUZ	B	-0.48%
	BRX	A	-0.48%
	CUBE	D	-0.47%
	PK	B	-0.46%
	HPP	F	-0.45%
	EPR	D	-0.44%
	HHH	B	-0.42%
	FR	D	-0.42%
	EGP	F	-0.41%
	HIW	D	-0.41%
	REXR	F	-0.41%
	BXMT	C	-0.39%
	RHP	B	-0.37%
	JBGS	D	-0.37%
	HR	C	-0.36%
	SBRA	C	-0.33%
	TWO	D	-0.32%
	OUT	A	-0.32%
	RYN	D	-0.32%
	CIM	D	-0.31%
	SVC	F	-0.31%
	EQC	B	-0.31%
	NHI	D	-0.29%
	DSS	F	-0.28%
	MFA	D	-0.28%
	APLE	B	-0.26%
	PEB	D	-0.26%
	SHO	C	-0.24%
	RLJ	B	-0.23%
	PDM	D	-0.23%
	PCH	D	-0.23%
	BDN	C	-0.22%
	PGRE	F	-0.22%
	MAC	B	-0.22%
	LXP	D	-0.21%
	IVR	F	-0.19%
	XHR	B	-0.18%

SPYD: Top Represented Industries & Keywords

Industries: Banks - Regional - US Utilities - Regulated Electric Packaged Foods REIT - Residential REIT - Retail Utilities - Diversified Drug Manufacturers - Major Asset Management Oil & Gas Midstream Packaging & Containers REIT - Diversified REIT - Healthcare Facilities REIT - Industrial REIT - Office Telecom Services Tobacco Advertising Agencies Agricultural Inputs Auto Manufacturers Capital Markets

Keywords: S&P 500 Real Estate Investment Trust Electricity Bank Natural Gas Banking Real Estate Market Commercial Banking Cash Management Investment Bank Nasdaq 100 Gas Transmission Asset Management Cash Management Services Dow Jones Component Electric Utility Financial Products Food Products Investment Management Natural Gas Distribution

SRS: Top Represented Industries & Keywords

Industries: REIT - Diversified REIT - Office REIT - Residential REIT - Hotel & Motel REIT - Retail REIT - Healthcare Facilities REIT - Industrial Real Estate Services Business Services Lumber & Wood Production Telecom Services Real Estate - General

Keywords: Real Estate Investment Trust S&P 500 Real Estate Market Retail Properties Mortgage Backed Security Mortgage Loan Property Management Structured Finance Equity Global Management Equity Real Estate Investment Trust Industrial Properties Real Estate Mortgage Investment Conduit Real Estate Properties Residential Mortgage Backed Security Shopping Mall Assisted Living Dream Office Real Estate Investment Trust Healthcare Facilities Real Estate Services Sba Communications