SRS vs. FOVL ETF Comparison

Comparison of ProShares UltraShort Real Estate (SRS) to iShares Focused Value Factor ETF (FOVL)

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

$16.67

Average Daily Volume

51,736

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$60.43

Average Daily Volume

14,147

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SRS	FOVL
30 Days	-2.81%	1.04%
60 Days	14.40%	-4.23%
90 Days	9.65%	2.08%
12 Months	-9.76%	25.09%

1 Overlapping Holdings

	Symbol	Grade	Weight in SRS	Weight in FOVL	Overlap
	CUZ	C	0.48%	2.28%	0.48%

SRS Overweight 86 Positions Relative to FOVL

Symbol	Grade	Weight
AMT	C	8.05%
CCI	D	4.7%
PLD	F	4.64%
EQIX	C	3.91%
SPG	C	3.53%
WELL	A	2.73%
PSA	D	2.58%
AVB	B	2.35%
EQR	C	2.24%
SBAC	F	2.21%
DLR	B	2.02%
O	D	1.94%
CSGP	F	1.85%
WY	F	1.8%
VTR	C	1.71%
ESS	C	1.59%
CBRE	D	1.59%
BXP	D	1.56%
ARE	C	1.46%
DOC	C	1.4%
INVH	C	1.28%
MAA	C	1.19%
EXR	C	1.13%
WPC	D	1.12%
SUI	F	1.12%
NLY	C	1.08%
UDR	C	1.08%
HST	D	1.0%
ELS	F	1.0%
MPW	C	0.9%
VNO	F	0.83%
CPT	C	0.83%
REG	D	0.82%
AGNC	B	0.77%
VICI	D	0.76%
OHI	B	0.74%
NNN	C	0.74%
GLPI	D	0.72%
FRT	D	0.71%
IRM	B	0.7%
JLL	C	0.69%
KIM	D	0.67%
KRC	F	0.63%
LAMR	B	0.62%
AIV	C	0.61%
SLG	C	0.58%
STWD	D	0.56%
AMH	C	0.54%
DEI	C	0.54%
COLD	C	0.53%
BRX	D	0.48%
CUBE	C	0.47%
PK	D	0.46%
HPP	F	0.45%
EPR	D	0.44%
HHH	F	0.42%
FR	F	0.42%
EGP	F	0.41%
HIW	C	0.41%
REXR	F	0.41%
BXMT	F	0.39%
RHP	D	0.37%
JBGS	F	0.37%
HR	C	0.36%
SBRA	B	0.33%
TWO	C	0.32%
OUT	D	0.32%
RYN	F	0.32%
CIM	F	0.31%
SVC	F	0.31%
EQC	C	0.31%
NHI	B	0.29%
DSS	D	0.28%
MFA	D	0.28%
APLE	F	0.26%
PEB	F	0.26%
SHO	D	0.24%
RLJ	F	0.23%
PDM	C	0.23%
PCH	F	0.23%
BDN	C	0.22%
PGRE	D	0.22%
MAC	D	0.22%
LXP	F	0.21%
IVR	C	0.19%
XHR	D	0.18%

SRS Underweight 39 Positions Relative to FOVL

Symbol	Grade	Weight
TOL	C	-3.61%
IBKR	A	-3.34%
PNFP	C	-3.21%
FYBR	C	-3.13%
SF	C	-3.02%
JPM	B	-3.01%
WLK	A	-2.95%
AXS	A	-2.94%
SNV	B	-2.89%
WTM	D	-2.81%
COF	D	-2.81%
ORI	B	-2.77%
JHG	B	-2.76%
BLDR	D	-2.71%
LPX	B	-2.7%
FNB	C	-2.7%
WBS	F	-2.67%
FHB	C	-2.63%
CNA	B	-2.55%
KMI	B	-2.51%
PFG	C	-2.41%
LYB	D	-2.39%
UNM	B	-2.38%
T	B	-2.37%
DFS	D	-2.35%
AMG	D	-2.33%
HPE	B	-2.32%
STT	C	-2.31%
NUE	F	-2.3%
CLF	F	-2.29%
AN	B	-2.25%
PNW	C	-2.11%
THO	F	-2.09%
AGR	C	-2.09%
Z	F	-1.84%
ALK	D	-1.8%
SNDR	D	-1.62%
LSXMK	F	-1.58%
LLYVK	D	-0.7%