BBRE vs. SRS ETF Comparison

Comparison of JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE) to ProShares UltraShort Real Estate (SRS)

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$97.80

Average Daily Volume

36,829

Number of Holdings ^*

114

* 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

$48.18

Average Daily Volume

14,829

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BBRE	SRS
30 Days	-1.75%	6.66%
60 Days	-3.26%	10.44%
90 Days	3.93%	-4.74%
12 Months	26.51%	-29.98%

65 Overlapping Holdings

Symbol	Grade	Weight in BBRE	Weight in SRS	Overlap
AIV	D	0.12%	0.61%	0.12%
AMH	C	1.04%	0.54%	0.54%
APLE	B	0.31%	0.26%	0.26%
ARE	F	1.48%	1.46%	1.46%
AVB	B	2.82%	2.35%	2.35%
BDN	D	0.08%	0.22%	0.08%
BRX	A	0.76%	0.48%	0.48%
BXP	D	1.04%	1.56%	1.04%
COLD	F	0.54%	0.53%	0.53%
CPT	C	1.07%	0.83%	0.83%
CUBE	D	0.94%	0.47%	0.47%
CUZ	B	0.42%	0.48%	0.42%
DEI	B	0.29%	0.54%	0.29%
DLR	C	4.55%	2.02%	2.02%
DOC	C	1.33%	1.4%	1.33%
EGP	D	0.67%	0.41%	0.41%
ELS	B	1.12%	1.0%	1.0%
EPR	D	0.3%	0.44%	0.3%
EQC	C	0.2%	0.31%	0.2%
EQIX	B	7.26%	3.91%	3.91%
EQR	C	2.25%	2.24%	2.24%
ESS	C	1.71%	1.59%	1.59%
EXR	D	2.99%	1.13%	1.13%
FR	D	0.62%	0.42%	0.42%
FRT	B	0.73%	0.71%	0.71%
GLPI	D	1.11%	0.72%	0.72%
HIW	D	0.3%	0.41%	0.3%
HPP	F	0.05%	0.45%	0.05%
HST	D	1.13%	1.0%	1.0%
INVH	D	1.79%	1.28%	1.28%
IRM	D	2.92%	0.7%	0.7%
JBGS	F	0.14%	0.37%	0.14%
KIM	A	1.46%	0.67%	0.67%
KRC	C	0.37%	0.63%	0.37%
LXP	D	0.23%	0.21%	0.21%
MAA	C	1.62%	1.19%	1.19%
MAC	B	0.37%	0.22%	0.22%
MPW	F	0.23%	0.9%	0.23%
NHI	D	0.31%	0.29%	0.29%
NNN	F	0.67%	0.74%	0.67%
O	D	3.78%	1.94%	1.94%
OHI	C	0.85%	0.74%	0.74%
PDM	D	0.11%	0.23%	0.11%
PEB	F	0.15%	0.26%	0.15%
PGRE	C	0.08%	0.22%	0.08%
PK	C	0.3%	0.46%	0.3%
PLD	D	8.82%	4.64%	4.64%
PSA	D	4.26%	2.58%	2.58%
REG	A	1.08%	0.82%	0.82%
REXR	F	0.67%	0.41%	0.41%
RHP	B	0.53%	0.37%	0.37%
RLJ	C	0.14%	0.23%	0.14%
SBRA	C	0.4%	0.33%	0.33%
SHO	D	0.2%	0.24%	0.2%
SLG	C	0.45%	0.58%	0.45%
SPG	A	4.71%	3.53%	3.53%
SUI	F	1.35%	1.12%	1.12%
SVC	F	0.04%	0.31%	0.04%
UDR	C	1.27%	1.08%	1.08%
VICI	D	2.63%	0.76%	0.76%
VNO	C	0.62%	0.83%	0.62%
VTR	C	2.26%	1.71%	1.71%
WELL	B	6.14%	2.73%	2.73%
WPC	F	1.01%	1.12%	1.01%
XHR	B	0.16%	0.18%	0.16%

BBRE Overweight 49 Positions Relative to SRS

Symbol	Grade	Weight
ADC	A	0.6%
STAG	D	0.58%
KRG	B	0.53%
EPRT	C	0.42%
PECO	B	0.41%
IRT	A	0.41%
TRNO	F	0.41%
SKT	A	0.34%
NSA	D	0.33%
CDP	C	0.32%
BNL	D	0.27%
CTRE	C	0.27%
IIPR	F	0.26%
UE	B	0.25%
IVT	B	0.21%
FCPT	C	0.21%
AKR	B	0.21%
ROIC	A	0.19%
DRH	C	0.17%
ELME	D	0.14%
LTC	B	0.14%
VRE	B	0.13%
ALEX	B	0.13%
AAT	B	0.13%
GNL	F	0.13%
ESRT	D	0.13%
GTY	C	0.12%
UMH	C	0.1%
NXRT	B	0.1%
CSR	B	0.1%
DEA	D	0.1%
PLYM	F	0.08%
NTST	F	0.08%
AHH	D	0.08%
INN	D	0.07%
GOOD	B	0.07%
WSR	B	0.07%
BFS	C	0.06%
FPI	B	0.06%
OLP	B	0.05%
ALX	D	0.05%
GMRE	F	0.05%
UHT	D	0.05%
CBL	B	0.04%
LAND	F	0.04%
CLDT	B	0.04%
CHCT	C	0.04%
DHC	F	0.03%
PKST	F	0.03%

BBRE Underweight 22 Positions Relative to SRS

Symbol	Grade	Weight
AMT	F	-8.05%
CCI	F	-4.7%
SBAC	D	-2.21%
CSGP	F	-1.85%
WY	F	-1.8%
CBRE	B	-1.59%
NLY	C	-1.08%
AGNC	C	-0.77%
JLL	C	-0.69%
LAMR	D	-0.62%
STWD	C	-0.56%
HHH	B	-0.42%
BXMT	D	-0.39%
HR	C	-0.36%
TWO	F	-0.32%
OUT	B	-0.32%
RYN	F	-0.32%
CIM	D	-0.31%
DSS	F	-0.28%
MFA	D	-0.28%
PCH	F	-0.23%
IVR	D	-0.19%