VNQ vs. PPI ETF Comparison

Comparison of Vanguard REIT ETF - DNQ (VNQ) to AXS Astoria Inflation Sensitive ETF (PPI)

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the 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.

Grade (RS Rating)

Last Trade

$95.52

Average Daily Volume

3,452,081

Number of Holdings ^*

145

* may have additional holdings in another (foreign) market

PPI

AXS Astoria Inflation Sensitive ETF

PPI Description

AXS Astoria Inflation Sensitive ETF is an exchange traded fund launched by Investment Managers Series Trust II. The fund is co-managed by AXS Investments LLC, Astoria Portfolio Advisors LLC. It invests in public equity, fixed income and commodity markets of the United States. For its equity portion, it invests in stocks of companies operating across energy, financials, industrials and materials sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. For its fixed income portion, it invests through other funds in fixed income securities of varying maturities. For its commodity portion, it invests through other funds in commodities. The fund employs fundamental and quantitative analysis with top-down securities picking approach to create its portfolio. The fund employs internal and external research to create its portfolio. AXS Astoria Inflation Sensitive ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$15.64

Average Daily Volume

15,310

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VNQ	PPI
30 Days	-0.23%	0.64%
60 Days	-1.50%	1.67%
90 Days	1.63%	2.13%
12 Months	25.20%	20.64%

4 Overlapping Holdings

Symbol	Grade	Weight in VNQ	Weight in PPI	Overlap
CBRE	B	2.09%	2.04%	2.04%
JLL	D	0.7%	0.99%	0.7%
SBAC	D	1.41%	1.2%	1.2%
SPG	A	3.02%	2.9%	2.9%

VNQ Overweight 141 Positions Relative to PPI

Symbol	Grade	Weight
PLD	F	6.41%
AMT	C	5.96%
EQIX	A	4.5%
WELL	A	4.11%
PSA	C	3.16%
O	C	3.03%
DLR	B	2.88%
CCI	C	2.83%
EXR	C	2.09%
IRM	C	1.91%
AVB	B	1.76%
VICI	C	1.75%
CSGP	D	1.69%
VTR	B	1.42%
EQR	C	1.39%
WY	F	1.35%
INVH	D	1.18%
ESS	B	1.04%
ARE	F	1.03%
MAA	B	1.02%
SUI	C	0.92%
DOC	C	0.88%
KIM	A	0.86%
UDR	B	0.78%
GLPI	C	0.77%
WPC	C	0.75%
CPT	B	0.72%
REG	A	0.7%
AMH	C	0.69%
ELS	C	0.69%
HST	C	0.68%
BXP	C	0.66%
CUBE	C	0.66%
LAMR	C	0.64%
REXR	F	0.6%
Z	A	0.55%
OHI	C	0.55%
NNN	C	0.49%
EGP	D	0.49%
FRT	B	0.47%
BRX	A	0.46%
ADC	A	0.42%
COLD	D	0.42%
FR	D	0.41%
STAG	D	0.39%
VNO	C	0.35%
TRNO	F	0.35%
EPRT	B	0.33%
RHP	B	0.33%
KRG	B	0.32%
CUZ	B	0.25%
SLG	B	0.25%
RYN	D	0.25%
IRT	A	0.25%
PECO	A	0.25%
SBRA	C	0.24%
KRC	B	0.24%
CTRE	C	0.24%
MAC	B	0.22%
IIPR	D	0.21%
BNL	D	0.2%
PCH	F	0.2%
SKT	A	0.2%
NHI	D	0.2%
EPR	C	0.2%
CDP	C	0.19%
APLE	B	0.19%
NSA	C	0.19%
ZG	A	0.19%
MPW	F	0.19%
HIW	C	0.19%
CWK	C	0.17%
DEI	B	0.16%
LXP	D	0.16%
PK	C	0.16%
FCPT	C	0.15%
COMP	B	0.14%
HHH	B	0.14%
UE	B	0.14%
AKR	B	0.13%
OUT	A	0.13%
EQC	B	0.12%
IVT	A	0.12%
NMRK	C	0.12%
SHO	D	0.11%
ROIC	A	0.11%
JOE	F	0.11%
DRH	B	0.1%
LTC	B	0.09%
PEB	D	0.09%
GTY	A	0.09%
GNL	F	0.09%
RDFN	D	0.08%
ALEX	B	0.08%
RLJ	C	0.08%
JBGS	F	0.08%
XHR	B	0.08%
ESRT	C	0.08%
ELME	D	0.08%
NTST	C	0.07%
KW	C	0.07%
PDM	D	0.07%
AAT	B	0.07%
UMH	B	0.07%
VRE	B	0.07%
DEA	D	0.07%
UNIT	B	0.07%
NXRT	B	0.06%
CSR	B	0.06%
EXPI	D	0.06%
OPEN	F	0.06%
AIV	C	0.06%
AHH	D	0.05%
PGRE	F	0.05%
PLYM	F	0.05%
BDN	C	0.05%
MMI	C	0.05%
GOOD	B	0.04%
FOR	F	0.04%
DHC	F	0.04%
INN	D	0.04%
SVC	F	0.04%
OLP	B	0.03%
LAND	F	0.03%
FPI	B	0.03%
PKST	F	0.03%
CHCT	C	0.03%
BFS	C	0.03%
ALX	D	0.03%
WSR	A	0.03%
UHT	D	0.03%
HPP	F	0.03%
GMRE	F	0.03%
CBL	B	0.02%
TRC	F	0.02%
RMR	F	0.02%
CLDT	B	0.02%
OPI	F	0.01%
SRG	F	0.01%
NXDT	F	0.01%
CIO	C	0.01%

VNQ Underweight 38 Positions Relative to PPI

Symbol	Grade	Weight
GLDM	C	-4.8%
XHLF	B	-3.98%
CAT	B	-3.96%
XOM	B	-3.95%
COP	C	-2.66%
URI	C	-2.63%
GDX	C	-2.52%
CEG	C	-2.21%
SCHP	D	-1.99%
TBIL	B	-1.99%
DAL	B	-1.87%
VST	A	-1.83%
EVR	B	-1.61%
COF	C	-1.61%
JEF	A	-1.59%
CF	A	-1.56%
LYB	F	-1.55%
STIP	C	-1.53%
AMP	A	-1.49%
HAL	C	-1.48%
EOG	A	-1.47%
GPK	C	-1.44%
SLB	C	-1.39%
GLTR	C	-1.35%
DVN	F	-1.33%
STLD	B	-1.3%
EME	A	-1.15%
FIX	A	-1.15%
OVV	B	-1.13%
NRG	B	-1.08%
RPM	A	-1.03%
FANG	C	-1.0%
BLDR	D	-1.0%
CSL	C	-0.95%
TXT	D	-0.93%
WMS	F	-0.87%
AES	F	-0.8%
CE	F	-0.56%