SRS vs. DRV ETF Comparison

Comparison of ProShares UltraShort Real Estate (SRS) to Drexion Daily Real Estate Bear 3x Shares (DRV)

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

$16.62

Average Daily Volume

51,818

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DRV

Drexion Daily Real Estate Bear 3x Shares

DRV Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the MSCI US REIT IndexSM. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that provide leveraged and unleveraged exposure to the index. The index is comprised of equity REITs that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.11

Average Daily Volume

214,658

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SRS	DRV
30 Days	8.98%	12.90%
60 Days	16.78%	24.14%
90 Days	6.89%	8.03%
12 Months	-3.05%	-11.65%

75 Overlapping Holdings

Symbol	Grade	Weight in SRS	Weight in DRV	Overlap
AIV	B	0.61%	0.61%	0.61%
AMH	C	0.54%	0.56%	0.54%
AMT	D	8.05%	7.96%	7.96%
APLE	F	0.26%	0.26%	0.26%
ARE	D	1.46%	1.42%	1.42%
AVB	A	2.35%	2.32%	2.32%
BDN	B	0.22%	0.21%	0.21%
BRX	C	0.48%	0.48%	0.48%
BXP	F	1.56%	1.66%	1.56%
CBRE	D	1.59%	1.5%	1.5%
CCI	D	4.7%	4.65%	4.65%
COLD	F	0.53%	0.5%	0.5%
CPT	B	0.83%	0.82%	0.82%
CUBE	D	0.47%	0.47%	0.47%
CUZ	B	0.48%	0.47%	0.47%
DEI	B	0.54%	0.54%	0.54%
DLR	C	2.02%	2.0%	2.0%
DOC	A	1.4%	0.27%	0.27%
EGP	D	0.41%	0.39%	0.39%
ELS	D	1.0%	0.94%	0.94%
EPR	C	0.44%	0.43%	0.43%
EQC	B	0.31%	0.31%	0.31%
EQIX	F	3.91%	3.84%	3.84%
EQR	A	2.24%	2.36%	2.24%
ESS	A	1.59%	1.57%	1.57%
EXR	C	1.13%	1.1%	1.1%
FR	D	0.42%	0.42%	0.42%
FRT	B	0.71%	0.75%	0.71%
GLPI	D	0.72%	0.72%	0.72%
HIW	B	0.41%	0.4%	0.4%
HPP	F	0.45%	0.44%	0.44%
HST	D	1.0%	1.01%	1.0%
INVH	B	1.28%	1.26%	1.26%
IRM	D	0.7%	0.69%	0.69%
JBGS	F	0.37%	0.4%	0.37%
JLL	C	0.69%	0.68%	0.68%
KIM	C	0.67%	0.66%	0.66%
KRC	D	0.63%	0.64%	0.63%
LAMR	B	0.62%	0.61%	0.61%
LXP	D	0.21%	0.18%	0.18%
MAA	B	1.19%	1.18%	1.18%
MAC	D	0.22%	0.22%	0.22%
MPW	D	0.9%	0.88%	0.88%
NHI	A	0.29%	0.28%	0.28%
NNN	A	0.74%	0.7%	0.7%
O	B	1.94%	1.87%	1.87%
OHI	B	0.74%	0.73%	0.73%
OUT	D	0.32%	0.32%	0.32%
PCH	D	0.23%	0.23%	0.23%
PDM	B	0.23%	0.23%	0.23%
PEB	D	0.26%	0.26%	0.26%
PGRE	B	0.22%	0.2%	0.2%
PK	D	0.46%	0.46%	0.46%
PLD	D	4.64%	4.59%	4.59%
PSA	D	2.58%	2.67%	2.58%
REG	D	0.82%	0.82%	0.82%
REXR	D	0.41%	0.4%	0.4%
RHP	D	0.37%	0.33%	0.33%
RLJ	D	0.23%	0.23%	0.23%
RYN	F	0.32%	0.32%	0.32%
SBAC	D	2.21%	2.2%	2.2%
SBRA	A	0.33%	0.32%	0.32%
SHO	D	0.24%	0.24%	0.24%
SLG	B	0.58%	0.58%	0.58%
SPG	C	3.53%	3.51%	3.51%
SUI	F	1.12%	1.08%	1.08%
SVC	F	0.31%	0.3%	0.3%
UDR	B	1.08%	1.07%	1.07%
VICI	B	0.76%	0.75%	0.75%
VNO	F	0.83%	0.89%	0.83%
VTR	B	1.71%	1.69%	1.69%
WELL	A	2.73%	2.7%	2.7%
WPC	C	1.12%	1.09%	1.09%
WY	F	1.8%	1.78%	1.78%
XHR	D	0.18%	0.18%	0.18%

SRS Overweight 12 Positions Relative to DRV

Symbol	Grade	Weight
CSGP	B	1.85%
NLY	A	1.08%
AGNC	C	0.77%
STWD	D	0.56%
HHH	D	0.42%
BXMT	F	0.39%
HR	B	0.36%
TWO	B	0.32%
CIM	D	0.31%
DSS	F	0.28%
MFA	D	0.28%
IVR	B	0.19%

SRS Underweight 8 Positions Relative to DRV

Symbol	Grade	Weight
STAG	D	-0.32%
TRNO	D	-0.29%
KW	C	-0.23%
ADC	B	-0.23%
UE	B	-0.18%
AAT	B	-0.18%
AKR	B	-0.17%
HASI	C	-0.17%