HDLB vs. IYH ETF Comparison

Comparison of ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB) to iShares U.S. Healthcare ETF (IYH)

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

$11.72

Average Daily Volume

1,464

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IYH

iShares U.S. Healthcare ETF

IYH Description

The investment seeks to track the investment results of an index composed of U.S. equities in the healthcare sector. 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. Health Care Index (the "underlying index"), which measures the performance of the healthcare sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$60.96

Average Daily Volume

246,642

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

Performance

Period	HDLB	IYH
30 Days	-0.56%	1.42%
60 Days	3.70%	3.32%
90 Days	-1.22%	1.05%
12 Months	15.32%	10.09%

3 Overlapping Holdings

Symbol	Grade	Weight in HDLB	Weight in IYH	Overlap
ABBV	B	9.8%	5.33%	5.33%
GILD	C	5.14%	1.54%	1.54%
PFE	B	13.4%	2.81%	2.81%

HDLB Overweight 34 Positions Relative to IYH

Symbol	Grade	Weight
VZ	A	9.25%
T	A	8.79%
IBM	B	5.12%
PM	A	3.83%
DUK	D	3.27%
MO	A	3.18%
SO	C	2.94%
D	D	2.76%
AEP	D	2.58%
O	D	2.51%
VICI	D	1.93%
KHC	D	1.93%
ED	D	1.85%
ETR	D	1.73%
SRE	B	1.71%
PPL	D	1.48%
K	D	1.47%
NLY	C	1.43%
FE	D	1.42%
EIX	D	1.34%
IP	B	1.22%
MPW	F	1.04%
AGNC	B	1.03%
NI	B	0.91%
PNW	C	0.78%
WPC	D	0.76%
WU	D	0.73%
ARCC	B	0.46%
GLPI	C	0.44%
OGE	D	0.43%
STAG	B	0.4%
FSK	A	0.25%
KD	B	0.14%
ONL	D	0.07%

HDLB Underweight 110 Positions Relative to IYH

Symbol	Grade	Weight
LLY	A	-13.74%
UNH	D	-8.08%
JNJ	F	-6.28%
MRK	C	-5.89%
TMO	D	-3.8%
ABT	D	-3.24%
AMGN	B	-2.99%
DHR	D	-2.96%
ISRG	B	-2.78%
ELV	B	-2.27%
VRTX	B	-2.17%
SYK	B	-2.16%
BSX	B	-2.01%
REGN	A	-1.92%
MDT	D	-1.88%
CI	D	-1.72%
BMY	F	-1.51%
ZTS	C	-1.46%
HCA	C	-1.22%
BDX	D	-1.19%
EW	B	-1.0%
DXCM	D	-0.79%
HUM	C	-0.79%
IDXX	D	-0.73%
MRNA	D	-0.72%
IQV	D	-0.69%
A	D	-0.68%
CNC	D	-0.64%
GEHC	D	-0.59%
BIIB	C	-0.59%
ALNY	B	-0.55%
RMD	D	-0.5%
VEEV	F	-0.48%
ICLR	B	-0.46%
CAH	D	-0.44%
WST	F	-0.43%
ZBH	F	-0.41%
STE	C	-0.38%
ALGN	F	-0.33%
HOLX	C	-0.31%
LH	C	-0.31%
MOH	F	-0.31%
ILMN	F	-0.3%
BAX	F	-0.3%
COO	D	-0.3%
BMRN	C	-0.28%
DGX	D	-0.27%
UTHR	A	-0.26%
PODD	B	-0.26%
AVTR	D	-0.26%
THC	B	-0.25%
SRPT	B	-0.25%
NBIX	C	-0.23%
RVTY	D	-0.23%
VTRS	D	-0.22%
NTRA	B	-0.21%
TECH	D	-0.2%
UHS	B	-0.2%
INCY	B	-0.2%
CRL	F	-0.19%
MEDP	B	-0.18%
RPRX	F	-0.18%
CTLT	B	-0.18%
TFX	C	-0.17%
QGEN	D	-0.16%
GMED	B	-0.15%
HSIC	D	-0.15%
EHC	B	-0.15%
DVA	C	-0.14%
EXAS	F	-0.14%
CHE	D	-0.14%
RGEN	F	-0.13%
SOLV	F	-0.13%
JAZZ	F	-0.12%
IONS	B	-0.12%
EXEL	B	-0.12%
ELAN	D	-0.12%
ACHC	F	-0.11%
PEN	F	-0.11%
BRKR	F	-0.11%
XRAY	F	-0.1%
BIO	F	-0.1%
MASI	D	-0.1%
OGN	C	-0.09%
ROIV	C	-0.07%
INSP	F	-0.07%
APLS	F	-0.07%
DOCS	B	-0.06%
PRGO	D	-0.06%
RARE	D	-0.06%
TNDM	D	-0.05%
NVST	F	-0.05%
AZTA	D	-0.05%
AMED	A	-0.05%
FTRE	D	-0.04%
PINC	F	-0.04%
ENOV	F	-0.04%
ICUI	C	-0.04%
SHC	C	-0.03%
CERT	F	-0.03%
TDOC	F	-0.03%
QDEL	F	-0.03%
TXG	F	-0.03%
NVCR	D	-0.03%
AGL	D	-0.03%
RCM	B	-0.03%
IART	C	-0.03%
GRAL	D	-0.01%
DNA	F	-0.01%
MRVI	F	-0.01%