VABS vs. REK ETF Comparison

Comparison of Virtus Newfleet ABS/MBS ETF (VABS) to ProShares Short Real Estate (REK)

VABS

Virtus Newfleet ABS/MBS ETF

VABS Description

The Fund seeks to generate income by investing primarily in short-duration, investment-grade securitized debt across asset-backed securities (ABS) and mortgage-backed securities (MBS), including commercial and residential MBS. A disciplined, time-tested investment process and rigorous risk management approach seeks to target ABS and MBS with competitive yield and current income across undervalued areas of securitized credit markets.

Grade (RS Rating)

Last Trade

$24.17

Average Daily Volume

2,387

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REK

ProShares Short Real Estate

REK Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) 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 the inverse (-1x) 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

$16.43

Average Daily Volume

10,442

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VABS	REK
30 Days	0.28%	0.93%
60 Days	0.04%	2.61%
90 Days	0.27%	-0.45%
12 Months	6.93%	-15.33%

12 Overlapping Holdings

Symbol	Grade	Weight in VABS	Weight in REK	Overlap
CIM	D	0.82%	0.31%	0.31%
EPR	D	0.47%	0.44%	0.44%
EQC	B	1.49%	0.31%	0.31%
IVR	F	0.78%	0.19%	0.19%
LXP	D	0.17%	0.21%	0.17%
MFA	D	0.86%	0.28%	0.28%
NLY	C	0.03%	1.08%	0.03%
PEB	D	0.01%	0.26%	0.01%
RLJ	C	4.48%	0.23%	0.23%
SHO	C	0.17%	0.24%	0.17%
TWO	D	1.26%	0.32%	0.32%
VNO	B	0.01%	0.83%	0.01%

VABS Overweight 38 Positions Relative to REK

Symbol	Grade	Weight
BW	D	2.27%
EFC	C	1.89%
BFS	C	1.53%
DRH	B	1.35%
PBI	B	1.34%
ARR	D	1.25%
GNL	F	0.94%
F	C	0.87%
DBRG	F	0.62%
ET	A	0.55%
MITT	D	0.45%
CTO	B	0.29%
PSEC	D	0.23%
TDS	B	0.23%
PMT	D	0.21%
AHH	D	0.17%
INN	D	0.16%
ATCOL	A	0.15%
BHR	B	0.15%
UMH	C	0.11%
ABR	C	0.1%
ALLY	C	0.1%
FTAI	B	0.06%
ALTG	C	0.05%
FHN	A	0.04%
AL	B	0.04%
CIO	D	0.03%
SNV	B	0.02%
DX	B	0.02%
CODI	B	0.02%
CNO	A	0.01%
BOH	B	0.01%
SF	B	0.01%
EQH	B	0.01%
COF	B	0.01%
IFF	D	0.01%
JPM	A	0.01%
NEE	D	0.01%

VABS Underweight 75 Positions Relative to REK

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	D	-4.64%
EQIX	A	-3.91%
SPG	B	-3.53%
WELL	A	-2.73%
PSA	D	-2.58%
AVB	B	-2.35%
EQR	B	-2.24%
SBAC	D	-2.21%
DLR	B	-2.02%
O	D	-1.94%
CSGP	D	-1.85%
WY	D	-1.8%
VTR	C	-1.71%
ESS	B	-1.59%
CBRE	B	-1.59%
BXP	D	-1.56%
ARE	D	-1.46%
DOC	D	-1.4%
INVH	D	-1.28%
MAA	B	-1.19%
EXR	D	-1.13%
WPC	D	-1.12%
SUI	D	-1.12%
UDR	B	-1.08%
HST	C	-1.0%
ELS	C	-1.0%
MPW	F	-0.9%
CPT	B	-0.83%
REG	B	-0.82%
AGNC	D	-0.77%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	D	-0.74%
GLPI	C	-0.72%
FRT	B	-0.71%
IRM	D	-0.7%
JLL	D	-0.69%
KIM	A	-0.67%
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%
HHH	B	-0.42%
FR	C	-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%
OUT	A	-0.32%
RYN	D	-0.32%
SVC	F	-0.31%
NHI	D	-0.29%
DSS	F	-0.28%
APLE	B	-0.26%
PDM	D	-0.23%
PCH	D	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
XHR	B	-0.18%