BYLD vs. MVRL ETF Comparison

Comparison of iShares Yield Optimized Bond ETF (BYLD) to ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL)
BYLD

iShares Yield Optimized Bond ETF

BYLD Description

The investment seeks to track the investment results of an index composed of underlying fixed income funds that collectively seek to deliver current income. The fund invests primarily in underlying funds that themselves seek investment results corresponding to their own underlying indexes. The fund also invests in a combination of other exchange-traded funds ("ETFs") (including other iShares ETFs), cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates ("BlackRock Cash Funds"). The underlying index is a broadly diversified fixed income index that seeks to deliver current income.

Grade (RS Rating)

Last Trade

$22.79

Average Daily Volume

66,662

Number of Holdings *

6

* may have additional holdings in another (foreign) market
MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$17.82

Average Daily Volume

9,525

Number of Holdings *

23

* may have additional holdings in another (foreign) market
Performance
Period BYLD MVRL
30 Days 1.43% -2.10%
60 Days 2.20% 4.38%
90 Days 4.28% 9.47%
12 Months 14.17% 28.85%
0 Overlapping Holdings
Symbol Grade Weight in BYLD Weight in MVRL Overlap
BYLD Overweight 6 Positions Relative to MVRL
Symbol Grade Weight
IGLB A 26.37%
SGOV B 23.56%
USHY A 20.0%
CMBS B 10.04%
EMHY A 10.02%
FLOT A 9.91%
BYLD Underweight 23 Positions Relative to MVRL
Symbol Grade Weight
NLY C -13.03%
AGNC C -8.86%
STWD C -8.19%
CIM C -5.48%
HASI C -5.04%
BXMT C -4.84%
ABR C -4.54%
TWO D -4.01%
MFA C -3.81%
PMT C -3.79%
ARI F -3.76%
LADR D -3.51%
NYMT D -3.26%
RWT C -2.77%
EFC D -2.49%
RC F -2.05%
ORC C -2.0%
ACRE D -1.95%
BRSP D -1.92%
KREF C -1.86%
IVR C -1.84%
ARR D -1.83%
DX C -1.48%
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