VFH vs. SEF ETF Comparison

Comparison of Vanguard Financials ETF - DNQ (VFH) to ProShares Short Financials (SEF)

VFH

Vanguard Financials ETF - DNQ

VFH Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the financials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$110.74

Average Daily Volume

273,837

Number of Holdings ^*

379

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF 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. FinancialsSM 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 financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.47

Average Daily Volume

72,662

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFH	SEF
30 Days	1.54%	-0.14%
60 Days	12.12%	-9.58%
90 Days	10.68%	-7.75%
12 Months	42.45%	-24.02%

63 Overlapping Holdings

Symbol	Grade	Weight in VFH	Weight in SEF	Overlap
ACGL	A	0.59%	0.31%	0.31%
AFL	A	0.82%	0.66%	0.66%
AIG	C	0.71%	0.77%	0.71%
AJG	C	0.88%	0.3%	0.3%
ALL	A	0.69%	0.64%	0.64%
ALLY	F	0.16%	0.19%	0.16%
AMP	A	0.62%	0.37%	0.37%
AON	A	0.93%	0.83%	0.83%
AXP	A	2.06%	1.49%	1.49%
BAC	B	3.97%	4.46%	3.97%
BK	A	0.7%	0.65%	0.65%
BLK	A	1.85%	1.06%	1.06%
BRK.A	B	8.72%	7.56%	7.56%
BX	C	1.41%	0.67%	0.67%
C	B	1.65%	2.98%	1.65%
CB	A	1.52%	1.17%	1.17%
CFG	C	0.27%	0.3%	0.27%
CINF	A	0.3%	0.27%	0.27%
COF	A	0.78%	0.81%	0.78%
DFS	A	0.48%	0.44%	0.44%
EG	A	0.24%	0.19%	0.19%
EQH	B	0.19%	0.19%	0.19%
FDS	C	0.22%	0.18%	0.18%
FITB	C	0.4%	0.35%	0.35%
FNF	C	0.21%	0.22%	0.21%
GL	C	0.13%	0.18%	0.13%
GS	B	2.28%	1.34%	1.34%
HBAN	B	0.3%	0.26%	0.26%
HIG	A	0.48%	0.37%	0.37%
ICE	A	1.28%	0.91%	0.91%
JPM	C	8.94%	7.27%	7.27%
KEY	B	0.22%	0.32%	0.22%
L	C	0.21%	0.23%	0.21%
LNC	B	0.08%	0.2%	0.08%
MA	A	5.55%	4.83%	4.83%
MCO	D	1.11%	0.7%	0.7%
MET	A	0.65%	0.69%	0.65%
MKL	B	0.29%	0.28%	0.28%
MKTX	B	0.13%	0.24%	0.13%
MMC	D	1.55%	0.97%	0.97%
MS	A	1.75%	1.19%	1.19%
MSCI	B	0.64%	0.4%	0.4%
MTB	A	0.4%	0.36%	0.36%
NDAQ	C	0.43%	0.21%	0.21%
NTRS	B	0.26%	0.39%	0.26%
PFG	A	0.26%	0.25%	0.25%
PGR	B	2.04%	0.75%	0.75%
PNC	C	1.02%	1.13%	1.02%
PRU	B	0.6%	0.66%	0.6%
RF	B	0.3%	0.27%	0.27%
RJF	B	0.33%	0.2%	0.2%
SCHW	D	1.36%	0.93%	0.93%
SPGI	C	2.27%	1.22%	1.22%
STT	A	0.36%	0.5%	0.36%
SYF	A	0.28%	0.36%	0.28%
TFC	D	0.82%	1.27%	0.82%
TROW	D	0.33%	0.52%	0.33%
TRV	B	0.72%	0.61%	0.61%
USB	C	1.02%	1.32%	1.02%
V	B	4.12%	5.88%	4.12%
WFC	B	2.82%	3.19%	2.82%
WRB	C	0.25%	0.17%	0.17%
WTW	C	0.41%	0.44%	0.41%

VFH Overweight 316 Positions Relative to SEF

Symbol	Grade	Weight
FI	A	1.41%
KKR	A	1.06%
PYPL	A	1.0%
APO	A	0.64%
FIS	A	0.63%
SQ	D	0.51%
COIN	F	0.48%
GPN	F	0.39%
ARES	A	0.38%
BRO	A	0.35%
CBOE	B	0.3%
FCNCA	D	0.29%
CPAY	A	0.29%
LPLA	D	0.23%
RGA	B	0.2%
RNR	A	0.19%
TW	A	0.19%
ERIE	A	0.18%
IBKR	A	0.18%
JKHY	A	0.17%
EWBC	B	0.16%
UNM	A	0.15%
HOOD	B	0.15%
KNSL	B	0.15%
JEF	A	0.14%
AIZ	B	0.14%
AFRM	C	0.14%
SF	A	0.13%
PRI	A	0.13%
FHN	D	0.13%
ORI	A	0.13%
CG	B	0.13%
AFG	A	0.13%
WAL	C	0.12%
MORN	B	0.12%
EVR	C	0.12%
TOST	B	0.12%
PNFP	B	0.11%
CBSH	D	0.11%
SOFI	C	0.11%
WEX	C	0.11%
CRBG	B	0.11%
WBS	D	0.11%
HLI	A	0.11%
OWL	A	0.11%
JXN	A	0.1%
CFR	B	0.1%
PB	D	0.1%
VOYA	A	0.1%
WTFC	B	0.1%
ZION	D	0.1%
SSB	C	0.1%
BPOP	D	0.1%
AGNC	B	0.1%
SEIC	B	0.1%
CMA	C	0.1%
STWD	C	0.09%
RLI	A	0.09%
ONB	D	0.09%
AXS	A	0.09%
RYAN	A	0.09%
FAF	C	0.09%
SNV	D	0.09%
MTG	A	0.09%
ESNT	A	0.09%
RDN	D	0.08%
SIGI	D	0.08%
AMG	B	0.08%
IVZ	A	0.08%
BEN	F	0.08%
HLNE	A	0.08%
CADE	B	0.08%
OMF	D	0.08%
COOP	B	0.08%
MC	B	0.07%
WTM	C	0.07%
UMBF	C	0.07%
PIPR	A	0.07%
JHG	A	0.07%
UBSI	D	0.07%
THG	A	0.07%
COLB	C	0.07%
HOMB	D	0.07%
GBCI	B	0.07%
FNB	D	0.07%
KMPR	D	0.06%
ABCB	C	0.06%
AGO	B	0.06%
WU	D	0.06%
SFBS	B	0.06%
SLM	B	0.06%
FFIN	D	0.06%
OZK	D	0.06%
HWC	D	0.06%
FOUR	A	0.06%
EEFT	F	0.06%
PFSI	C	0.06%
EBC	B	0.05%
WSFS	D	0.05%
ASB	D	0.05%
FULT	D	0.05%
IBOC	D	0.05%
AUB	D	0.05%
FBP	B	0.05%
BGC	B	0.05%
WD	C	0.05%
UCB	D	0.05%
HASI	B	0.05%
AX	D	0.05%
TPG	A	0.05%
VLY	C	0.05%
CNO	B	0.05%
ESGR	C	0.05%
VIRT	B	0.04%
ABR	C	0.04%
CVBF	B	0.04%
TOWN	C	0.04%
TBBK	A	0.04%
BOH	D	0.04%
SFNC	B	0.04%
INDB	D	0.04%
FHI	A	0.04%
PJT	A	0.04%
PRK	D	0.04%
BFH	D	0.04%
BKU	D	0.04%
BHF	D	0.04%
APAM	B	0.04%
FIBK	C	0.04%
OSCR	C	0.04%
WAFD	D	0.04%
CATY	B	0.04%
BXMT	C	0.04%
GNW	A	0.04%
BOKF	B	0.04%
CACC	F	0.04%
TCBI	B	0.04%
FHB	D	0.04%
NMIH	B	0.04%
UPST	C	0.04%
STEP	A	0.04%
CBU	D	0.04%
MCY	B	0.03%
AGM	D	0.03%
TFIN	F	0.03%
DFIN	B	0.03%
WSBC	D	0.03%
TRMK	D	0.03%
NATL	D	0.03%
FLYW	F	0.03%
EFSC	D	0.03%
BANC	D	0.03%
GSHD	B	0.03%
STC	D	0.03%
BANR	B	0.03%
PRG	C	0.03%
MQ	F	0.03%
OFG	D	0.03%
IBTX	B	0.03%
RNST	D	0.03%
PAYO	A	0.03%
EVTC	D	0.03%
BANF	D	0.03%
NBTB	D	0.03%
VCTR	A	0.03%
SBCF	D	0.03%
FRME	D	0.03%
PFS	D	0.03%
ENVA	B	0.03%
SNEX	B	0.03%
HTLF	B	0.03%
PPBI	D	0.03%
PLMR	A	0.03%
RKT	D	0.03%
CNS	C	0.03%
FFBC	D	0.03%
EFC	D	0.02%
CNNE	F	0.02%
FBRT	C	0.02%
SRCE	D	0.02%
ECPG	F	0.02%
GABC	D	0.02%
PMT	B	0.02%
EIG	A	0.02%
BHLB	D	0.02%
WT	D	0.02%
NIC	D	0.02%
QCRH	C	0.02%
SAFT	D	0.02%
VBTX	C	0.02%
RC	F	0.02%
SKWD	A	0.02%
LC	D	0.02%
WABC	F	0.02%
SASR	B	0.02%
NAVI	D	0.02%
LADR	D	0.02%
ARI	F	0.02%
LOB	B	0.02%
TCBK	D	0.02%
HMN	B	0.02%
VRTS	D	0.02%
CODI	D	0.02%
SPNT	D	0.02%
TRUP	B	0.02%
BUSE	D	0.02%
HOPE	B	0.02%
CUBI	F	0.02%
HTH	F	0.02%
FRHC	A	0.02%
STBA	D	0.02%
NBHC	D	0.02%
NNI	B	0.02%
NWBI	D	0.02%
SYBT	C	0.02%
FBNC	B	0.02%
CASH	C	0.02%
CHCO	D	0.02%
LKFN	D	0.02%
FCF	D	0.02%
FBK	B	0.02%
FFWM	D	0.01%
FFIC	C	0.01%
KRNY	C	0.01%
PAY	D	0.01%
HIFS	D	0.01%
WRLD	F	0.01%
CARE	C	0.01%
SMBK	C	0.01%
SPFI	D	0.01%
DHIL	C	0.01%
UFCS	D	0.01%
MPB	B	0.01%
PGC	B	0.01%
PX	A	0.01%
TIPT	B	0.01%
MSBI	F	0.01%
BHB	D	0.01%
CCBG	D	0.01%
NRDS	D	0.01%
MCB	B	0.01%
THFF	D	0.01%
NFBK	D	0.01%
CCNE	D	0.01%
HONE	D	0.01%
TRTX	D	0.01%
GDOT	C	0.01%
AROW	D	0.01%
IIIV	D	0.01%
AMBC	F	0.01%
AMAL	B	0.01%
WASH	C	0.01%
CASS	F	0.01%
EQBK	D	0.01%
SMBC	B	0.01%
GSBC	D	0.01%
LPRO	D	0.01%
CAC	C	0.01%
FMNB	D	0.01%
CCB	B	0.01%
BFST	C	0.01%
UVE	C	0.01%
IMXI	F	0.01%
HAFC	D	0.01%
HTBK	D	0.01%
EGBN	C	0.01%
EZPW	C	0.01%
AMTB	F	0.01%
PRA	C	0.01%
TRST	D	0.01%
TREE	C	0.01%
RPAY	F	0.01%
HBNC	D	0.01%
KREF	C	0.01%
IBCP	D	0.01%
MBWM	D	0.01%
BSIG	D	0.01%
BY	D	0.01%
FCBC	D	0.01%
CPF	C	0.01%
OSBC	D	0.01%
CFB	D	0.01%
TMP	C	0.01%
CTBI	B	0.01%
CFFN	D	0.01%
BRSP	D	0.01%
HFWA	D	0.01%
FMBH	D	0.01%
UVSP	B	0.01%
HCI	B	0.01%
UWMC	D	0.01%
PRAA	F	0.01%
CMTG	F	0.01%
PFC	D	0.01%
DCOM	B	0.01%
BRKL	D	0.01%
BFC	D	0.01%
CNOB	B	0.01%
DX	D	0.01%
MBIN	C	0.01%
SBSI	D	0.01%
AMSF	B	0.01%
LMND	F	0.01%
OBK	D	0.01%
RWT	C	0.01%
FBMS	D	0.01%
PEBO	F	0.01%
OCFC	C	0.01%
PFBC	D	0.01%
RILY	F	0.0%
AC	B	0.0%
DGICA	D	0.0%
JRVR	F	0.0%
HMST	B	0.0%
BMRC	D	0.0%
ACRE	D	0.0%

VFH Underweight 34 Positions Relative to SEF

Symbol	Grade	Weight
AMT	D	-1.74%
CME	A	-1.25%
CCI	D	-1.02%
PLD	D	-1.0%
EQIX	C	-0.84%
SPG	A	-0.76%
WELL	C	-0.59%
PSA	C	-0.56%
AVB	C	-0.51%
SBAC	C	-0.48%
EQR	C	-0.48%
DLR	C	-0.44%
O	C	-0.42%
CSGP	F	-0.4%
WY	C	-0.39%
VTR	C	-0.37%
BXP	B	-0.34%
CBRE	C	-0.34%
ESS	D	-0.34%
ARE	D	-0.32%
DOC	C	-0.3%
INVH	D	-0.28%
MAA	D	-0.26%
WPC	C	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
NLY	C	-0.23%
UDR	C	-0.23%
HST	D	-0.22%
ELS	D	-0.22%
MPW	C	-0.19%
REG	C	-0.18%
VNO	B	-0.18%
CPT	C	-0.18%