DFAR vs. SRS ETF Comparison

Comparison of Dimensional US Real Estate ETF (DFAR) to ProShares UltraShort Real Estate (SRS)

DFAR

Dimensional US Real Estate ETF

DFAR Description

Dimensional US Real Estate ETF is an exchange traded fund launched and managed by Dimensional Fund Advisors L.P. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across real estate sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. Dimensional US Real Estate ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$25.19

Average Daily Volume

124,327

Number of Holdings ^*

130

* 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

$45.72

Average Daily Volume

14,715

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFAR	SRS
30 Days	-1.14%	1.06%
60 Days	-2.33%	4.22%
90 Days	1.78%	-2.87%
12 Months	25.73%	-33.05%

70 Overlapping Holdings

Symbol	Grade	Weight in DFAR	Weight in SRS	Overlap
AIV	C	0.08%	0.61%	0.08%
AMH	D	0.92%	0.54%	0.54%
AMT	D	6.81%	8.05%	6.81%
APLE	B	0.27%	0.26%	0.26%
ARE	D	1.23%	1.46%	1.23%
AVB	B	2.43%	2.35%	2.35%
BDN	C	0.06%	0.22%	0.06%
BRX	A	0.66%	0.48%	0.48%
BXP	D	0.88%	1.56%	0.88%
CCI	D	3.37%	4.7%	3.37%
COLD	D	0.44%	0.53%	0.44%
CPT	B	0.95%	0.83%	0.83%
CUBE	D	0.83%	0.47%	0.47%
CUZ	B	0.36%	0.48%	0.36%
DEI	B	0.22%	0.54%	0.22%
DLR	B	4.5%	2.02%	2.02%
DOC	D	1.1%	1.4%	1.1%
EGP	F	0.63%	0.41%	0.41%
ELS	C	0.96%	1.0%	0.96%
EPR	D	0.26%	0.44%	0.26%
EQC	B	0.07%	0.31%	0.07%
EQIX	A	6.39%	3.91%	3.91%
EQR	B	1.94%	2.24%	1.94%
ESS	B	1.46%	1.59%	1.46%
EXR	D	2.6%	1.13%	1.13%
FR	C	0.52%	0.42%	0.42%
FRT	B	0.62%	0.71%	0.62%
GLPI	C	1.01%	0.72%	0.72%
HIW	D	0.25%	0.41%	0.25%
HPP	F	0.02%	0.45%	0.02%
HST	C	0.91%	1.0%	0.91%
INVH	D	1.56%	1.28%	1.28%
IRM	D	2.52%	0.7%	0.7%
JBGS	D	0.09%	0.37%	0.09%
KIM	A	1.27%	0.67%	0.67%
KRC	C	0.32%	0.63%	0.32%
LAMR	D	0.85%	0.62%	0.62%
LXP	D	0.2%	0.21%	0.2%
MAA	B	1.37%	1.19%	1.19%
MAC	B	0.32%	0.22%	0.22%
MPW	F	0.19%	0.9%	0.19%
NHI	D	0.26%	0.29%	0.26%
NNN	D	0.58%	0.74%	0.58%
O	D	3.67%	1.94%	1.94%
OHI	C	0.76%	0.74%	0.74%
OUT	A	0.18%	0.32%	0.18%
PDM	D	0.09%	0.23%	0.09%
PEB	D	0.11%	0.26%	0.11%
PGRE	F	0.06%	0.22%	0.06%
PK	B	0.22%	0.46%	0.22%
PLD	D	7.8%	4.64%	4.64%
PSA	D	3.96%	2.58%	2.58%
REG	B	0.95%	0.82%	0.82%
REXR	F	0.71%	0.41%	0.41%
RHP	B	0.47%	0.37%	0.37%
RLJ	C	0.11%	0.23%	0.11%
SBAC	D	1.74%	2.21%	1.74%
SBRA	C	0.32%	0.33%	0.32%
SHO	C	0.15%	0.24%	0.15%
SLG	B	0.38%	0.58%	0.38%
SPG	B	4.39%	3.53%	3.53%
SUI	D	1.16%	1.12%	1.12%
SVC	F	0.03%	0.31%	0.03%
UDR	B	1.04%	1.08%	1.04%
VICI	C	2.46%	0.76%	0.76%
VNO	B	0.49%	0.83%	0.49%
VTR	C	1.96%	1.71%	1.71%
WELL	A	4.9%	2.73%	2.73%
WPC	D	0.92%	1.12%	0.92%
XHR	B	0.11%	0.18%	0.11%

DFAR Overweight 60 Positions Relative to SRS

Symbol	Grade	Weight
ADC	B	0.59%
STAG	F	0.49%
EPRT	B	0.45%
TRNO	F	0.44%
KRG	B	0.43%
CTRE	D	0.37%
IRT	A	0.36%
PECO	A	0.36%
SKT	B	0.31%
CDP	C	0.26%
BNL	D	0.24%
IIPR	D	0.23%
NSA	D	0.23%
AKR	B	0.22%
UE	C	0.21%
FCPT	C	0.2%
ROIC	A	0.17%
IVT	B	0.16%
DRH	B	0.14%
LTC	B	0.13%
ESRT	C	0.12%
GTY	B	0.12%
GNL	F	0.11%
VRE	B	0.1%
AAT	B	0.1%
UMH	C	0.1%
UNIT	B	0.1%
ELME	D	0.1%
DEA	D	0.09%
NTST	D	0.09%
NXRT	B	0.08%
CSR	B	0.08%
WSR	A	0.05%
INN	D	0.05%
GOOD	B	0.05%
PLYM	F	0.05%
ALX	D	0.04%
BFS	C	0.04%
UHT	D	0.04%
GMRE	F	0.04%
DHC	F	0.03%
SILA	C	0.03%
CBL	A	0.03%
CLDT	B	0.03%
OLP	B	0.03%
CTO	B	0.03%
ILPT	D	0.02%
BRT	B	0.02%
CHCT	C	0.02%
PSTL	D	0.02%
BHR	B	0.01%
CIO	D	0.01%
ALEX	C	0.01%
PINE	C	0.01%
CMCT	F	0.0%
SELF	C	0.0%
CLPR	D	0.0%
PKST	D	0.0%
OPI	F	0.0%
MDV	D	0.0%

DFAR Underweight 17 Positions Relative to SRS

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