HDLB vs. DVY ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to iShares Select Dividend ETF (DVY)

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$14.60

Average Daily Volume

2,345

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DVY

iShares Select Dividend ETF

DVY Description

The investment seeks to track the investment results of an index composed of relatively high dividend paying U.S. equities. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Dividend Index (the "underlying index"), which measures the performance of a selected group of equity securities issued by companies that have provided relatively high dividend yields on a consistent basis over time.

Grade (RS Rating)

Last Trade

$134.03

Average Daily Volume

356,659

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	DVY
30 Days	4.34%	1.13%
60 Days	10.89%	6.23%
90 Days	29.55%	12.47%
12 Months	71.68%	33.03%

19 Overlapping Holdings

Symbol	Grade	Weight in HDLB	Weight in DVY	Overlap
AEP	C	2.58%	1.32%	1.32%
D	A	2.76%	1.74%	1.74%
EIX	A	1.34%	1.51%	1.34%
ETR	A	1.73%	1.48%	1.48%
FE	B	1.42%	1.32%	1.32%
GILD	A	5.14%	1.23%	1.23%
IBM	B	5.12%	1.04%	1.04%
IP	C	1.22%	1.82%	1.22%
MO	D	3.18%	3.01%	3.01%
NI	A	0.91%	1.37%	0.91%
OGE	A	0.43%	0.88%	0.43%
PFE	D	13.4%	1.6%	1.6%
PM	C	3.83%	1.92%	1.92%
PNW	A	0.78%	1.11%	0.78%
PPL	A	1.48%	1.22%	1.22%
SRE	A	1.71%	1.0%	1.0%
T	A	8.79%	2.12%	2.12%
VZ	A	9.25%	1.84%	1.84%
WU	D	0.73%	0.44%	0.44%

HDLB Overweight 18 Positions Relative to DVY

Symbol	Grade	Weight
ABBV	A	9.8%
DUK	A	3.27%
SO	A	2.94%
O	A	2.51%
VICI	C	1.93%
KHC	D	1.93%
ED	A	1.85%
K	B	1.47%
NLY	C	1.43%
MPW	C	1.04%
AGNC	C	1.03%
WPC	C	0.76%
ARCC	A	0.46%
GLPI	A	0.44%
STAG	D	0.4%
FSK	A	0.25%
KD	F	0.14%
ONL	D	0.07%

HDLB Underweight 79 Positions Relative to DVY

Symbol	Grade	Weight
CFG	D	-1.72%
TFC	D	-1.71%
OKE	B	-1.69%
KEY	C	-1.64%
BBY	B	-1.58%
RF	C	-1.57%
CAG	D	-1.49%
PEG	A	-1.44%
NEE	A	-1.39%
ES	C	-1.39%
NEM	C	-1.35%
HBAN	D	-1.33%
PRU	C	-1.33%
WEC	A	-1.33%
NRG	A	-1.32%
FITB	C	-1.28%
LNT	A	-1.27%
USB	C	-1.27%
LYB	D	-1.23%
KMB	B	-1.2%
EXC	A	-1.17%
HPQ	C	-1.16%
DTE	A	-1.12%
FNF	A	-1.12%
CMS	A	-1.11%
TROW	D	-1.08%
F	D	-1.06%
GIS	C	-1.06%
XOM	A	-1.05%
CVX	B	-1.03%
LMT	A	-1.03%
XEL	A	-0.99%
IPG	C	-0.99%
KO	C	-0.96%
ORI	B	-0.96%
STX	B	-0.94%
OMC	C	-0.93%
PKG	C	-0.9%
PFG	C	-0.9%
MET	A	-0.89%
UNM	A	-0.89%
FMC	B	-0.89%
FHN	D	-0.88%
CINF	A	-0.87%
HRB	C	-0.86%
CMA	C	-0.85%
IVZ	A	-0.84%
WSO	C	-0.8%
CNP	B	-0.78%
GRMN	D	-0.75%
VLO	F	-0.75%
SW	C	-0.74%
GPC	D	-0.64%
WHR	B	-0.63%
BEN	F	-0.6%
LAZ	C	-0.58%
OMF	F	-0.58%
MCD	A	-0.58%
SON	D	-0.56%
IDA	C	-0.56%
UGI	C	-0.55%
MRK	F	-0.54%
UBSI	D	-0.54%
FNB	D	-0.53%
JHG	C	-0.53%
NJR	C	-0.5%
WBA	F	-0.46%
BKH	C	-0.44%
SWX	C	-0.42%
VLY	C	-0.42%
HUN	B	-0.41%
MSM	D	-0.41%
NWE	B	-0.38%
FHI	C	-0.33%
AVA	D	-0.32%
NWL	D	-0.32%
CC	D	-0.31%
WEN	D	-0.31%
KSS	D	-0.24%