VRAI vs. SRS ETF Comparison

Comparison of Virtus Real Asset Income ETF (VRAI) to ProShares UltraShort Real Estate (SRS)

VRAI

Virtus Real Asset Income ETF

VRAI Description

The investment seeks investment results that correspond the price and yield performance of the Indxx Real Asset Income Index (the "underlying index"). Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the underlying index. The underlying index is designed to track the performance of U.S.-listed "Real Asset" companies, as defined by Indxx, LLC, the index provider of the underlying index. The underlying index includes common stock, real estate investment trusts, master limited partnerships, American depositary receipts and global depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$24.53

Average Daily Volume

923

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$11.26

Average Daily Volume

44,529

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRAI	SRS
30 Days	1.11%	-4.87%
60 Days	3.32%	-14.52%
90 Days	7.53%	-24.24%
12 Months	17.75%	-42.56%

19 Overlapping Holdings

Symbol	Grade	Weight in VRAI	Weight in SRS	Overlap
AMT	C	1.22%	8.05%	1.22%
APLE	C	1.06%	0.26%	0.26%
BRX	C	1.25%	0.48%	0.48%
CCI	C	1.22%	4.7%	1.22%
CPT	C	1.16%	0.83%	0.83%
CUBE	C	1.2%	0.47%	0.47%
EGP	C	1.16%	0.41%	0.41%
EPR	C	1.21%	0.44%	0.44%
EXR	C	1.14%	1.13%	1.13%
FR	C	1.21%	0.42%	0.42%
HST	D	1.03%	1.0%	1.0%
INVH	D	1.01%	1.28%	1.01%
KIM	C	1.24%	0.67%	0.67%
MAA	C	1.16%	1.19%	1.16%
OUT	B	1.38%	0.32%	0.32%
PSA	C	1.25%	2.58%	1.25%
REG	C	1.18%	0.82%	0.82%
REXR	C	1.17%	0.41%	0.41%
RHP	C	1.13%	0.37%	0.37%

VRAI Overweight 60 Positions Relative to SRS

Symbol	Grade	Weight
CCOI	C	1.46%
FDP	C	1.36%
ROIC	C	1.29%
IIPR	B	1.28%
EPRT	B	1.28%
AAT	C	1.26%
SKT	B	1.24%
OGS	B	1.24%
ADC	C	1.24%
BNL	B	1.23%
NI	B	1.23%
KT	B	1.22%
WEC	B	1.22%
PNM	B	1.21%
LNT	A	1.2%
CMS	B	1.2%
TRNO	D	1.19%
ORAN	C	1.18%
IVT	D	1.18%
CWEN	A	1.18%
AEP	C	1.17%
CIG	B	1.17%
AVA	B	1.16%
ES	B	1.16%
NSA	C	1.14%
GGB	C	1.13%
GFI	C	1.13%
NJR	C	1.13%
SCCO	C	1.12%
NRP	B	1.11%
VALE	C	1.07%
SPOK	C	1.07%
PAGP	D	1.06%
PBR	D	1.06%
SID	D	1.05%
PAA	D	1.04%
ARLP	B	1.04%
TS	D	1.02%
ENIC	D	1.01%
EOG	D	1.01%
WES	D	1.01%
HESM	D	1.0%
NEP	C	1.0%
SBSW	D	0.99%
DMLP	D	0.98%
KRP	C	0.98%
SBR	D	0.96%
BSM	D	0.96%
COP	F	0.94%
FANG	F	0.9%
EQNR	F	0.9%
CTRA	F	0.88%
APA	F	0.84%
DVN	F	0.84%
OVV	F	0.81%
BRY	F	0.79%
PTEN	F	0.77%
GPRK	F	0.77%
EC	F	0.74%
NFE	F	0.42%

VRAI Underweight 68 Positions Relative to SRS

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