EEV vs. QLVE ETF Comparison

Comparison of ProShares UltraShort MSCI Emerging Markets (EEV) to FlexShares Emerging Markets Quality Low Volatility Index Fund (QLVE)

EEV

ProShares UltraShort MSCI Emerging Markets

EEV 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 MSCI Emerging Markets 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 includes 85% of free float-adjusted market capitalization in each industry group in emerging market countries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$17.45

Average Daily Volume

5,918

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QLVE

FlexShares Emerging Markets Quality Low Volatility Index Fund

QLVE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Emerging Markets Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in emerging market countries. Under normal circumstances, the fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.24

Average Daily Volume

867

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EEV	QLVE
30 Days	2.35%	2.62%
60 Days	1.54%	3.59%
90 Days	0.84%	5.49%
12 Months	-17.13%	17.94%

5 Overlapping Holdings

Symbol	Grade	Weight in EEV	Weight in QLVE	Overlap
BABA	C	6.01%	2.28%	2.28%
BAP	B	0.23%	0.89%	0.23%
BIDU	F	0.6%	0.02%	0.02%
NTES	F	0.39%	0.38%	0.38%
TCOM	C	0.29%	0.02%	0.02%

EEV Overweight 4 Positions Relative to QLVE

Symbol	Grade	Weight
JD	F	0.46%
TAL	F	0.32%
EDU	F	0.3%
YUMC	D	0.28%

EEV Underweight 8 Positions Relative to QLVE

Symbol	Grade	Weight
CHT	A	-0.95%
SKM	A	-0.8%
IBN	B	-0.66%
PDD	F	-0.58%
KT	B	-0.53%
HDB	C	-0.44%
UMC	B	-0.19%
VALE	D	-0.17%