GQRE vs. DRV ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to Drexion Daily Real Estate Bear 3x Shares (DRV)

GQRE

FlexShares Global Quality Real Estate Index Fund

GQRE Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Global Quality Real Estate IndexSM. The index is designed to measure the performance of companies that exhibit certain quality, valuation and momentum characteristics within a universe of publicly-traded equity securities of U.S. and non-U.S. real estate investment trusts and real estate companies. The fund will normally 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 its underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$56.25

Average Daily Volume

12,439

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DRV

Drexion Daily Real Estate Bear 3x Shares

DRV Description

The investment seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the performance of the MSCI US REIT IndexSM. The fund, under normal circumstances, creates short positions by investing at least 80% of its assets in financial instruments that provide leveraged and unleveraged exposure to the index. The index is comprised of equity REITs that are included in the MSCI US Investable Market 2500 Index, with the exception of specialty equity REITs that do not generate a majority of their revenue and income from real estate rental and leasing operations. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$33.50

Average Daily Volume

131,838

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	DRV
30 Days	1.57%	-5.31%
60 Days	1.32%	-7.63%
90 Days	1.58%	-8.71%
12 Months	5.07%	-12.20%

44 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in DRV	Overlap
AAT	B	0.25%	0.18%	0.18%
AKR	A	0.31%	0.17%	0.17%
AMH	B	1.86%	0.56%	0.56%
AMT	B	2.58%	7.96%	2.58%
APLE	F	0.47%	0.26%	0.26%
AVB	B	4.36%	2.32%	2.32%
BRX	B	1.04%	0.48%	0.48%
CCI	D	0.22%	4.65%	0.22%
CUZ	C	0.53%	0.47%	0.47%
DLR	A	5.4%	2.0%	2.0%
EPR	B	0.48%	0.43%	0.43%
EQC	C	0.32%	0.31%	0.31%
EQIX	C	1.66%	3.84%	1.66%
EQR	B	3.72%	2.36%	2.36%
ESS	B	2.63%	1.57%	1.57%
FR	B	0.96%	0.42%	0.42%
HIW	B	0.43%	0.4%	0.4%
HPP	F	0.22%	0.44%	0.22%
HST	D	1.91%	1.01%	1.01%
IRM	A	2.26%	0.69%	0.69%
KIM	B	1.99%	0.66%	0.66%
KRC	D	0.55%	0.64%	0.55%
LAMR	C	1.59%	0.61%	0.61%
NHI	A	0.45%	0.28%	0.28%
NNN	B	1.18%	0.7%	0.7%
O	C	0.28%	1.87%	0.28%
PDM	B	0.25%	0.23%	0.23%
PEB	F	0.24%	0.26%	0.24%
PK	F	0.47%	0.46%	0.46%
PLD	B	3.26%	4.59%	3.26%
PSA	C	0.61%	2.67%	0.61%
REG	B	1.46%	0.82%	0.82%
RLJ	D	0.26%	0.23%	0.23%
SBRA	B	0.54%	0.32%	0.32%
SHO	B	0.3%	0.24%	0.24%
SLG	B	0.55%	0.58%	0.55%
SPG	B	5.51%	3.51%	3.51%
STAG	B	1.0%	0.32%	0.32%
UE	A	0.33%	0.18%	0.18%
VICI	D	1.98%	0.75%	0.75%
VNO	B	0.65%	0.89%	0.65%
WELL	B	0.85%	2.7%	0.85%
WY	F	3.0%	1.78%	1.78%
XHR	D	0.27%	0.18%	0.18%

GQRE Overweight 17 Positions Relative to DRV

Symbol	Grade	Weight
KRG	B	0.75%
EPRT	A	0.66%
NSA	C	0.49%
IIPR	B	0.46%
BNL	B	0.45%
SITC	A	0.42%
SKT	D	0.42%
DBRG	D	0.33%
JOE	D	0.29%
LTC	B	0.28%
IVT	C	0.27%
NXRT	C	0.26%
DRH	D	0.26%
ESRT	B	0.26%
ALEX	B	0.26%
CSR	B	0.25%
INN	D	0.23%

GQRE Underweight 39 Positions Relative to DRV

Symbol	Grade	Weight
SBAC	D	-2.2%
VTR	B	-1.69%
BXP	B	-1.66%
CBRE	B	-1.5%
ARE	D	-1.42%
INVH	B	-1.26%
MAA	C	-1.18%
EXR	C	-1.1%
WPC	D	-1.09%
SUI	C	-1.08%
UDR	B	-1.07%
ELS	C	-0.94%
MPW	D	-0.88%
CPT	B	-0.82%
FRT	B	-0.75%
OHI	A	-0.73%
GLPI	B	-0.72%
JLL	B	-0.68%
AIV	B	-0.61%
DEI	C	-0.54%
COLD	B	-0.5%
CUBE	C	-0.47%
JBGS	B	-0.4%
REXR	C	-0.4%
EGP	B	-0.39%
RHP	D	-0.33%
OUT	B	-0.32%
RYN	F	-0.32%
SVC	D	-0.3%
TRNO	B	-0.29%
DOC	B	-0.27%
KW	D	-0.23%
PCH	F	-0.23%
ADC	B	-0.23%
MAC	C	-0.22%
BDN	D	-0.21%
PGRE	B	-0.2%
LXP	B	-0.18%
HASI	D	-0.17%