GQRE vs. REK ETF Comparison

Comparison of FlexShares Global Quality Real Estate Index Fund (GQRE) to ProShares Short Real Estate (REK)

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

$61.00

Average Daily Volume

18,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

REK

ProShares Short Real Estate

REK Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) 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 the inverse (-1x) 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

$16.57

Average Daily Volume

10,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	GQRE	REK
30 Days	-0.92%	0.78%
60 Days	-2.23%	2.27%
90 Days	0.75%	0.37%
12 Months	21.78%	-14.63%

41 Overlapping Holdings

Symbol	Grade	Weight in GQRE	Weight in REK	Overlap
AMH	C	1.67%	0.54%	0.54%
AMT	C	2.37%	8.05%	2.37%
APLE	B	0.47%	0.26%	0.26%
AVB	B	4.37%	2.35%	2.35%
CCI	C	0.19%	4.7%	0.19%
CPT	B	1.73%	0.83%	0.83%
CUBE	C	1.45%	0.47%	0.47%
CUZ	B	0.64%	0.48%	0.48%
DLR	B	5.76%	2.02%	2.02%
EPR	C	0.45%	0.44%	0.44%
EQC	B	0.29%	0.31%	0.29%
EQIX	A	1.74%	3.91%	1.74%
EQR	C	3.36%	2.24%	2.24%
ESS	B	2.62%	1.59%	1.59%
FR	D	0.94%	0.42%	0.42%
HIW	C	0.46%	0.41%	0.41%
HPP	F	0.16%	0.45%	0.16%
HST	C	1.66%	1.0%	1.0%
IRM	C	0.69%	0.7%	0.69%
KIM	A	2.25%	0.67%	0.67%
KRC	B	0.6%	0.63%	0.6%
LAMR	C	1.5%	0.62%	0.62%
NHI	D	0.45%	0.29%	0.29%
NNN	C	1.04%	0.74%	0.74%
O	C	0.41%	1.94%	0.41%
PDM	D	0.26%	0.23%	0.23%
PK	C	0.42%	0.46%	0.42%
PLD	F	2.99%	4.64%	2.99%
PSA	C	0.64%	2.58%	0.64%
REG	A	1.59%	0.82%	0.82%
RLJ	C	0.24%	0.23%	0.23%
SBRA	C	0.57%	0.33%	0.33%
SHO	D	0.28%	0.24%	0.24%
SLG	B	0.66%	0.58%	0.58%
SPG	A	5.85%	3.53%	3.53%
UDR	B	1.88%	1.08%	1.08%
VICI	C	2.46%	0.76%	0.76%
VNO	C	0.91%	0.83%	0.83%
WELL	A	1.42%	2.73%	1.42%
WY	F	0.43%	1.8%	0.43%
XHR	B	0.28%	0.18%	0.18%

GQRE Overweight 22 Positions Relative to REK

Symbol	Grade	Weight
ADC	A	1.02%
STAG	D	0.89%
KRG	B	0.8%
EPRT	B	0.77%
IRT	A	0.63%
SKT	A	0.52%
BNL	D	0.43%
HASI	D	0.42%
IIPR	D	0.4%
NSA	C	0.4%
UE	B	0.38%
AKR	B	0.35%
IVT	A	0.3%
LTC	B	0.28%
DBRG	F	0.28%
AAT	B	0.26%
ALEX	B	0.26%
DRH	B	0.26%
ESRT	C	0.26%
CSR	B	0.24%
JOE	F	0.24%
NXRT	B	0.24%

GQRE Underweight 46 Positions Relative to REK

Symbol	Grade	Weight
SBAC	D	-2.21%
CSGP	D	-1.85%
VTR	B	-1.71%
CBRE	B	-1.59%
BXP	C	-1.56%
ARE	F	-1.46%
DOC	C	-1.4%
INVH	D	-1.28%
MAA	B	-1.19%
EXR	C	-1.13%
WPC	C	-1.12%
SUI	C	-1.12%
NLY	C	-1.08%
ELS	C	-1.0%
MPW	F	-0.9%
AGNC	C	-0.77%
OHI	C	-0.74%
GLPI	C	-0.72%
FRT	B	-0.71%
JLL	D	-0.69%
AIV	C	-0.61%
STWD	C	-0.56%
DEI	B	-0.54%
COLD	D	-0.53%
BRX	A	-0.48%
HHH	B	-0.42%
EGP	D	-0.41%
REXR	F	-0.41%
BXMT	C	-0.39%
RHP	B	-0.37%
JBGS	F	-0.37%
HR	B	-0.36%
TWO	F	-0.32%
OUT	A	-0.32%
RYN	D	-0.32%
CIM	D	-0.31%
SVC	F	-0.31%
DSS	F	-0.28%
MFA	D	-0.28%
PEB	D	-0.26%
PCH	F	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
IVR	F	-0.19%