UPRO vs. QDEF ETF Comparison

Comparison of ProShares UltraPro S&P 500 (UPRO) to FlexShares Quality Dividend Defensive Index Fund (QDEF)

UPRO

ProShares UltraPro S&P 500

UPRO Description

The investment seeks daily investment results, before fees and expenses, that correspond to three times (3x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as three times (3x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$93.94

Average Daily Volume

3,719,101

Number of Holdings ^*

499

* may have additional holdings in another (foreign) market

QDEF

FlexShares Quality Dividend Defensive Index Fund

QDEF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend Defensive IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility that is lower than that of the Northern Trust 1250 IndexSM. It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$72.79

Average Daily Volume

6,852

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	UPRO	QDEF
30 Days	7.77%	1.58%
60 Days	11.23%	2.63%
90 Days	15.12%	4.66%
12 Months	96.42%	30.49%

88 Overlapping Holdings

Symbol	Grade	Weight in UPRO	Weight in QDEF	Overlap
AAPL	C	3.57%	6.07%	3.57%
ABBV	D	0.3%	2.6%	0.3%
ADP	B	0.13%	1.13%	0.13%
AFL	B	0.06%	0.6%	0.06%
AIZ	A	0.01%	0.58%	0.01%
AMT	D	0.1%	0.82%	0.1%
AVB	B	0.03%	0.18%	0.03%
AVGO	D	0.8%	0.88%	0.8%
AVY	D	0.02%	0.48%	0.02%
BAC	A	0.33%	0.02%	0.02%
BK	A	0.06%	0.67%	0.06%
BMY	B	0.12%	0.45%	0.12%
CAH	B	0.03%	0.17%	0.03%
CI	F	0.09%	0.83%	0.09%
CME	A	0.08%	0.71%	0.08%
COR	B	0.04%	0.57%	0.04%
COST	B	0.42%	0.24%	0.24%
CPT	B	0.01%	0.51%	0.01%
CSCO	B	0.24%	0.61%	0.24%
D	C	0.05%	0.56%	0.05%
DELL	C	0.04%	0.46%	0.04%
DPZ	C	0.02%	0.41%	0.02%
DUK	C	0.09%	0.77%	0.09%
EA	A	0.04%	0.6%	0.04%
EBAY	D	0.03%	0.4%	0.03%
ED	D	0.03%	0.49%	0.03%
EQR	B	0.03%	0.53%	0.03%
ESS	B	0.02%	0.54%	0.02%
EVRG	A	0.02%	0.4%	0.02%
EXC	C	0.04%	0.39%	0.04%
EXPD	D	0.02%	0.42%	0.02%
FAST	B	0.05%	0.58%	0.05%
FIS	C	0.05%	0.6%	0.05%
GEN	B	0.02%	0.59%	0.02%
GILD	C	0.11%	1.03%	0.11%
GIS	D	0.04%	0.45%	0.04%
GOOG	C	0.87%	1.1%	0.87%
GOOGL	C	1.05%	1.36%	1.05%
HD	A	0.42%	3.07%	0.42%
IBM	C	0.2%	1.7%	0.2%
INTU	C	0.2%	1.29%	0.2%
IPG	D	0.01%	0.46%	0.01%
ITW	B	0.08%	0.74%	0.08%
JNJ	D	0.39%	2.93%	0.39%
JPM	A	0.73%	0.73%	0.73%
K	A	0.02%	0.53%	0.02%
KLAC	D	0.09%	0.79%	0.09%
KMB	D	0.05%	0.51%	0.05%
KO	D	0.25%	0.65%	0.25%
LDOS	C	0.02%	0.57%	0.02%
LMT	D	0.12%	1.05%	0.12%
LOW	D	0.16%	0.47%	0.16%
MA	C	0.45%	0.23%	0.23%
MAA	B	0.02%	0.53%	0.02%
MAS	D	0.02%	0.23%	0.02%
MCK	B	0.08%	0.71%	0.08%
MET	A	0.05%	0.53%	0.05%
META	D	1.26%	2.76%	1.26%
MMM	D	0.07%	0.66%	0.07%
MO	A	0.1%	0.86%	0.1%
MRK	F	0.25%	2.25%	0.25%
MSFT	F	3.22%	4.97%	3.22%
MSI	B	0.09%	0.74%	0.09%
NVDA	C	3.64%	6.0%	3.64%
OTIS	C	0.04%	0.51%	0.04%
PAYX	C	0.05%	0.63%	0.05%
PEG	A	0.05%	0.26%	0.05%
PG	A	0.42%	2.83%	0.42%
PM	B	0.21%	1.65%	0.21%
PNW	B	0.01%	0.52%	0.01%
PPL	B	0.03%	0.55%	0.03%
PSA	D	0.05%	0.59%	0.05%
QCOM	F	0.19%	1.65%	0.19%
RMD	C	0.04%	0.54%	0.04%
ROL	B	0.01%	0.12%	0.01%
SBUX	A	0.12%	0.98%	0.12%
SWKS	F	0.01%	0.39%	0.01%
T	A	0.17%	0.77%	0.17%
TJX	A	0.14%	0.99%	0.14%
TMUS	B	0.12%	1.14%	0.12%
V	A	0.54%	0.38%	0.38%
VRSK	A	0.04%	0.57%	0.04%
VZ	C	0.18%	0.65%	0.18%
WEC	A	0.03%	0.28%	0.03%
WMT	A	0.38%	0.12%	0.12%
WTW	B	0.03%	0.58%	0.03%
XOM	B	0.55%	0.5%	0.5%
ZTS	D	0.08%	0.11%	0.08%

UPRO Overweight 411 Positions Relative to QDEF

Symbol	Grade	Weight
AMZN	C	1.97%
TSLA	B	0.93%
BRK.A	B	0.9%
LLY	F	0.61%
UNH	C	0.57%
NFLX	A	0.37%
CRM	B	0.33%
ORCL	B	0.31%
CVX	A	0.29%
WFC	A	0.26%
LIN	D	0.23%
PEP	F	0.23%
AMD	F	0.23%
ACN	C	0.23%
ADBE	C	0.23%
DIS	B	0.22%
NOW	A	0.22%
MCD	D	0.22%
ABT	B	0.21%
GS	A	0.2%
GE	D	0.2%
TMO	F	0.2%
TXN	C	0.19%
CAT	B	0.19%
ISRG	A	0.19%
SPGI	C	0.17%
AXP	A	0.17%
CMCSA	B	0.17%
MS	A	0.17%
BKNG	A	0.17%
HON	B	0.16%
PGR	A	0.16%
AMGN	D	0.16%
UBER	D	0.16%
NEE	D	0.16%
RTX	C	0.16%
AMAT	F	0.15%
PFE	D	0.15%
ETN	A	0.15%
UNP	C	0.15%
BLK	C	0.15%
DHR	F	0.15%
COP	C	0.14%
BX	A	0.14%
C	A	0.14%
PLTR	B	0.14%
SYK	C	0.14%
VRTX	F	0.13%
SCHW	B	0.13%
FI	A	0.13%
PANW	C	0.13%
BSX	B	0.13%
MDT	D	0.12%
KKR	A	0.11%
DE	A	0.11%
ADI	D	0.11%
BA	F	0.11%
INTC	D	0.11%
PLD	D	0.11%
MU	D	0.11%
CB	C	0.11%
MMC	B	0.11%
LRCX	F	0.1%
TT	A	0.1%
NKE	D	0.1%
ELV	F	0.1%
SO	D	0.1%
ANET	C	0.1%
UPS	C	0.1%
PNC	B	0.09%
AON	A	0.09%
APH	A	0.09%
EQIX	A	0.09%
MDLZ	F	0.09%
PYPL	B	0.09%
SHW	A	0.09%
ICE	C	0.09%
PH	A	0.09%
GEV	B	0.09%
EMR	A	0.08%
CTAS	B	0.08%
MCO	B	0.08%
GD	F	0.08%
CL	D	0.08%
EOG	A	0.08%
CRWD	B	0.08%
USB	A	0.08%
WELL	A	0.08%
WM	A	0.08%
CDNS	B	0.08%
SNPS	B	0.08%
CMG	B	0.08%
REGN	F	0.08%
TFC	A	0.07%
CARR	D	0.07%
HCA	F	0.07%
GM	B	0.07%
OKE	A	0.07%
ADSK	A	0.07%
AJG	B	0.07%
BDX	F	0.07%
MAR	B	0.07%
FDX	B	0.07%
CVS	D	0.07%
NOC	D	0.07%
CSX	B	0.07%
WMB	A	0.07%
CEG	D	0.07%
APD	A	0.07%
TGT	F	0.07%
TDG	D	0.07%
COF	B	0.07%
ORLY	B	0.07%
RCL	A	0.06%
PSX	C	0.06%
AMP	A	0.06%
NXPI	D	0.06%
SPG	B	0.06%
DLR	B	0.06%
URI	B	0.06%
JCI	C	0.06%
FICO	B	0.06%
ABNB	C	0.06%
SRE	A	0.06%
ROP	B	0.06%
PCAR	B	0.06%
NSC	B	0.06%
TRV	B	0.06%
FTNT	C	0.06%
HLT	A	0.06%
SLB	C	0.06%
FCX	D	0.06%
ECL	D	0.06%
DFS	B	0.05%
AME	A	0.05%
VLO	C	0.05%
PCG	A	0.05%
CCI	D	0.05%
PRU	A	0.05%
KVUE	A	0.05%
HWM	A	0.05%
ROST	C	0.05%
LHX	C	0.05%
MSCI	C	0.05%
NEM	D	0.05%
PWR	A	0.05%
DHI	D	0.05%
VST	B	0.05%
AIG	B	0.05%
O	D	0.05%
CMI	A	0.05%
CPRT	A	0.05%
AZO	C	0.05%
AEP	D	0.05%
ALL	A	0.05%
GWW	B	0.05%
MPC	D	0.05%
KMI	A	0.05%
OXY	D	0.04%
MCHP	D	0.04%
IRM	D	0.04%
WAB	B	0.04%
DD	D	0.04%
HIG	B	0.04%
IDXX	F	0.04%
EXR	D	0.04%
NUE	C	0.04%
NVR	D	0.04%
MLM	B	0.04%
GLW	B	0.04%
MTB	A	0.04%
HPQ	B	0.04%
MNST	C	0.04%
LULU	C	0.04%
SYY	B	0.04%
VMC	B	0.04%
A	D	0.04%
STZ	D	0.04%
GEHC	F	0.04%
YUM	B	0.04%
CHTR	C	0.04%
ACGL	D	0.04%
CTVA	C	0.04%
CTSH	B	0.04%
KR	B	0.04%
XEL	A	0.04%
CBRE	B	0.04%
HES	B	0.04%
IT	C	0.04%
ODFL	B	0.04%
EW	C	0.04%
LEN	D	0.04%
DAL	C	0.04%
IR	B	0.04%
RSG	A	0.04%
BKR	B	0.04%
TRGP	B	0.04%
F	C	0.04%
AXON	A	0.04%
DVN	F	0.03%
NTAP	C	0.03%
RF	A	0.03%
AEE	A	0.03%
CCL	B	0.03%
MTD	D	0.03%
DTE	C	0.03%
HSY	F	0.03%
TYL	B	0.03%
EQT	B	0.03%
VLTO	D	0.03%
CPAY	A	0.03%
SW	A	0.03%
ADM	D	0.03%
HBAN	A	0.03%
SYF	B	0.03%
GDDY	A	0.03%
BRO	B	0.03%
KEYS	A	0.03%
HAL	C	0.03%
AWK	D	0.03%
VTR	C	0.03%
FTV	C	0.03%
TROW	B	0.03%
CHD	B	0.03%
BR	A	0.03%
PHM	D	0.03%
DECK	A	0.03%
HPE	B	0.03%
KHC	F	0.03%
DOV	A	0.03%
ON	D	0.03%
MPWR	F	0.03%
STT	A	0.03%
PPG	F	0.03%
ANSS	B	0.03%
TTWO	A	0.03%
CSGP	D	0.03%
GPN	B	0.03%
XYL	D	0.03%
TSCO	D	0.03%
RJF	A	0.03%
UAL	A	0.03%
CNC	D	0.03%
DXCM	D	0.03%
EFX	F	0.03%
DOW	F	0.03%
ETR	B	0.03%
FITB	A	0.03%
GRMN	B	0.03%
EIX	B	0.03%
NDAQ	A	0.03%
ROK	B	0.03%
FANG	D	0.03%
VICI	C	0.03%
HUM	C	0.03%
KDP	D	0.03%
IQV	D	0.03%
JBL	B	0.02%
DOC	D	0.02%
AMCR	D	0.02%
JBHT	C	0.02%
EL	F	0.02%
L	A	0.02%
VRSN	F	0.02%
VTRS	A	0.02%
LNT	A	0.02%
CF	B	0.02%
ALGN	D	0.02%
TXT	D	0.02%
MRO	B	0.02%
EG	C	0.02%
BAX	D	0.02%
NI	A	0.02%
ARE	D	0.02%
DG	F	0.02%
TER	D	0.02%
KIM	A	0.02%
LVS	C	0.02%
GPC	D	0.02%
IEX	B	0.02%
TRMB	B	0.02%
MOH	F	0.02%
J	F	0.02%
PNR	A	0.02%
ULTA	F	0.02%
KEY	B	0.02%
DGX	A	0.02%
BBY	D	0.02%
WRB	A	0.02%
HOLX	D	0.02%
PFG	D	0.02%
PODD	C	0.02%
FDS	B	0.02%
TSN	B	0.02%
BALL	D	0.02%
SNA	A	0.02%
MKC	D	0.02%
CTRA	B	0.02%
OMC	C	0.02%
NRG	B	0.02%
INVH	D	0.02%
LUV	C	0.02%
ZBRA	B	0.02%
DRI	B	0.02%
LH	C	0.02%
IP	B	0.02%
STLD	B	0.02%
CNP	B	0.02%
LYV	A	0.02%
STX	D	0.02%
CMS	C	0.02%
FSLR	F	0.02%
WDC	D	0.02%
WBD	C	0.02%
BLDR	D	0.02%
CLX	B	0.02%
CFG	B	0.02%
CBOE	B	0.02%
PKG	A	0.02%
FE	C	0.02%
LYB	F	0.02%
NTRS	A	0.02%
WAT	B	0.02%
STE	F	0.02%
IFF	D	0.02%
ES	D	0.02%
TDY	B	0.02%
WY	D	0.02%
EXPE	B	0.02%
ATO	A	0.02%
PTC	A	0.02%
ZBH	C	0.02%
WST	C	0.02%
HUBB	B	0.02%
BIIB	F	0.02%
SBAC	D	0.02%
CDW	F	0.02%
CINF	A	0.02%
FOX	A	0.01%
WBA	F	0.01%
QRVO	F	0.01%
PARA	C	0.01%
BEN	C	0.01%
FMC	D	0.01%
MHK	D	0.01%
DVA	B	0.01%
HII	D	0.01%
BWA	D	0.01%
MTCH	D	0.01%
IVZ	B	0.01%
CZR	F	0.01%
ENPH	F	0.01%
CE	F	0.01%
HAS	D	0.01%
RL	B	0.01%
APA	D	0.01%
MOS	F	0.01%
FRT	B	0.01%
HRL	D	0.01%
WYNN	D	0.01%
CPB	D	0.01%
MGM	D	0.01%
AOS	F	0.01%
HSIC	B	0.01%
TFX	F	0.01%
SOLV	C	0.01%
SMCI	F	0.01%
CRL	C	0.01%
GL	B	0.01%
AES	F	0.01%
LKQ	D	0.01%
MKTX	D	0.01%
FOXA	B	0.01%
ERIE	D	0.01%
TECH	D	0.01%
CTLT	B	0.01%
NWSA	B	0.01%
LW	C	0.01%
PAYC	B	0.01%
TAP	C	0.01%
GNRC	B	0.01%
BXP	D	0.01%
SJM	D	0.01%
NCLH	B	0.01%
DAY	B	0.01%
EMN	D	0.01%
JNPR	F	0.01%
REG	B	0.01%
ALLE	D	0.01%
HST	C	0.01%
INCY	C	0.01%
UHS	D	0.01%
KMX	B	0.01%
ALB	C	0.01%
MRNA	F	0.01%
JKHY	D	0.01%
BG	F	0.01%
CAG	D	0.01%
DLTR	F	0.01%
CHRW	C	0.01%
SWK	D	0.01%
TPR	B	0.01%
AKAM	D	0.01%
UDR	B	0.01%
EPAM	C	0.01%
RVTY	F	0.01%
POOL	C	0.01%
NDSN	B	0.01%
APTV	D	0.01%
FFIV	B	0.01%
NWS	B	0.0%

UPRO Underweight 35 Positions Relative to QDEF

Symbol	Grade	Weight
UNM	A	-0.65%
EME	C	-0.64%
BWXT	B	-0.64%
UMBF	B	-0.61%
CFR	B	-0.6%
VIRT	B	-0.57%
CSWI	A	-0.57%
WDFC	B	-0.55%
ORI	A	-0.54%
CSL	C	-0.53%
OHI	C	-0.53%
IRDM	D	-0.52%
OMF	A	-0.5%
LSTR	D	-0.49%
DOX	D	-0.48%
BPOP	B	-0.48%
RDN	C	-0.48%
NSA	D	-0.47%
OGE	B	-0.47%
VRT	B	-0.45%
HRB	D	-0.45%
WU	D	-0.43%
SAIC	F	-0.41%
WSM	B	-0.41%
CUBE	D	-0.4%
CHE	D	-0.39%
MSM	C	-0.37%
BSY	D	-0.37%
STNG	F	-0.36%
STWD	C	-0.32%
NEP	F	-0.32%
NNN	D	-0.21%
SCCO	F	-0.16%
BAH	F	-0.12%
DDS	B	-0.12%