DFND vs. DWSH ETF Comparison

Comparison of Realty Shares DIVCON Dividend Defender ETF (DFND) to AdvisorShares Dorsey Wright Short ETF (DWSH)

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$43.06

Average Daily Volume

788

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.43

Average Daily Volume

22,703

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DFND	DWSH
30 Days	6.22%	3.99%
60 Days	2.58%	2.57%
90 Days	13.82%	2.06%
12 Months	13.61%	-10.73%

8 Overlapping Holdings

Symbol	Grade	Weight in DFND	Weight in DWSH	Overlap
ALB	B	0.98%	-1.04%	-1.04%
APA	F	-0.79%	-0.71%	-0.79%
DVN	F	-1.1%	-0.96%	-1.1%
F	C	-2.36%	-1.05%	-2.36%
INTC	C	-1.12%	-1.06%	-1.12%
LW	C	1.13%	-1.31%	-1.31%
MCHP	F	0.09%	-0.89%	-0.89%
ODFL	B	0.89%	-1.31%	-1.31%

DFND Overweight 62 Positions Relative to DWSH

Symbol	Grade	Weight
CTAS	B	2.68%
V	A	2.65%
SNA	B	2.64%
KLAC	F	2.56%
VRSK	B	2.41%
GWW	B	2.28%
PG	C	2.26%
NDSN	D	2.24%
SHW	C	2.22%
MCD	D	2.19%
BRO	B	2.17%
LMT	D	2.13%
FDS	B	2.12%
MPC	D	2.03%
CMI	A	2.03%
PHM	D	2.03%
MSI	B	1.89%
MCO	D	1.81%
PPG	F	1.78%
MA	B	1.75%
ETN	B	1.75%
MPWR	F	1.72%
ITW	B	1.7%
AMAT	F	1.63%
ROK	B	1.55%
ALLE	D	1.53%
AON	B	1.53%
DHI	D	1.5%
CSCO	B	1.49%
J	D	1.46%
ADI	D	1.44%
HON	B	1.37%
CB	C	1.35%
HSY	F	1.33%
HUBB	B	1.33%
MSCI	B	1.29%
CBOE	C	1.24%
CME	A	1.24%
MMC	D	1.22%
LIN	D	1.21%
COST	A	1.21%
CMCSA	B	1.15%
FAST	B	1.14%
AOS	F	1.11%
MSFT	D	0.98%
AAPL	C	0.94%
GL	C	0.93%
AVGO	C	0.91%
MLM	B	0.84%
INTU	B	0.76%
BR	B	0.73%
ACN	C	0.33%
PARA	D	-0.32%
VFC	C	-1.12%
NWS	A	-1.97%
FCX	F	-1.98%
LUV	B	-1.99%
T	A	-2.18%
SW	A	-2.22%
IP	A	-2.32%
CNP	A	-2.57%
D	C	-3.01%

DFND Underweight 90 Positions Relative to DWSH

Symbol	Grade	Weight
HPP	F	--0.62%
XRAY	D	--0.63%
DAN	F	--0.7%
PII	F	--0.7%
BIIB	F	--0.74%
TDC	D	--0.76%
TECH	F	--0.77%
WBA	F	--0.77%
NKE	F	--0.79%
VSAT	F	--0.79%
BA	D	--0.79%
BRKR	F	--0.8%
COTY	F	--0.8%
LEA	F	--0.8%
ADNT	F	--0.81%
HUN	F	--0.81%
AAP	D	--0.81%
VC	F	--0.81%
IPGP	D	--0.81%
CC	D	--0.81%
MOS	D	--0.82%
DLTR	F	--0.82%
SVC	F	--0.82%
XRX	F	--0.82%
PTEN	C	--0.82%
UPS	C	--0.83%
FMC	D	--0.83%
KSS	F	--0.84%
TRIP	F	--0.84%
LEG	F	--0.86%
MUR	F	--0.87%
JAZZ	C	--0.87%
W	D	--0.87%
SAGE	F	--0.88%
ULTA	F	--0.88%
LKQ	F	--0.89%
RES	F	--0.89%
VAC	C	--0.89%
RIG	D	--0.89%
HLF	C	--0.9%
CVS	F	--0.91%
EL	F	--0.92%
OXY	F	--0.92%
CBRL	C	--0.92%
SLAB	F	--0.93%
M	D	--0.93%
DG	F	--0.93%
BEN	C	--0.93%
ADM	D	--0.93%
CACC	F	--0.94%
ALGN	D	--0.94%
ENOV	C	--0.95%
OLN	F	--0.95%
SLB	C	--0.96%
SIRI	D	--0.96%
PRGO	C	--0.96%
DINO	D	--0.96%
SNAP	D	--0.96%
HAIN	D	--0.97%
MTN	C	--0.98%
RLJ	C	--0.99%
GT	C	--0.99%
WBD	B	--0.99%
CRL	D	--0.99%
NOV	D	--0.99%
OI	D	--1.0%
EW	C	--1.0%
VRSN	F	--1.01%
CGNX	D	--1.01%
UHAL	D	--1.02%
AGCO	F	--1.02%
ZD	B	--1.05%
BBWI	C	--1.06%
WST	D	--1.06%
HAL	C	--1.07%
HGV	C	--1.07%
VYX	C	--1.08%
CABO	C	--1.08%
TAP	B	--1.11%
EPAM	C	--1.11%
RHI	C	--1.11%
HUM	D	--1.13%
NUS	C	--1.14%
WHR	B	--1.16%
GPN	C	--1.2%
IART	C	--1.27%
AAL	B	--1.29%
DXC	D	--1.33%
PAYC	B	--1.48%
ATUS	C	--1.52%