KBE vs. SEF ETF Comparison

Comparison of SPDR S&P Bank ETF (KBE) to ProShares Short Financials (SEF)

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$62.76

Average Daily Volume

1,805,155

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF 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. FinancialsSM 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 financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.02

Average Daily Volume

11,256

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBE	SEF
30 Days	16.78%	-8.55%
60 Days	20.00%	-11.18%
90 Days	19.54%	-11.43%
12 Months	63.38%	-26.95%

16 Overlapping Holdings

Symbol	Grade	Weight in KBE	Weight in SEF	Overlap
BAC	A	1.22%	4.46%	1.22%
BK	A	1.16%	0.65%	0.65%
C	A	1.21%	2.98%	1.21%
CFG	B	1.18%	0.3%	0.3%
EQH	B	1.19%	0.19%	0.19%
FITB	B	1.13%	0.35%	0.35%
HBAN	B	1.25%	0.26%	0.26%
JPM	B	1.21%	7.27%	1.21%
KEY	A	1.21%	0.32%	0.32%
MTB	B	1.29%	0.36%	0.36%
NTRS	A	1.25%	0.39%	0.39%
PNC	A	1.18%	1.13%	1.13%
RF	B	1.21%	0.27%	0.27%
TFC	B	1.13%	1.27%	1.13%
USB	A	1.15%	1.32%	1.15%
WFC	A	1.42%	3.19%	1.42%

KBE Overweight 77 Positions Relative to SEF

Symbol	Grade	Weight
APO	A	1.45%
WBS	B	1.37%
EWBC	B	1.32%
PNFP	B	1.32%
FHN	B	1.3%
ZION	B	1.29%
GBCI	B	1.29%
AX	B	1.28%
CFR	B	1.28%
SNV	B	1.27%
COLB	B	1.27%
WTFC	B	1.27%
ASB	B	1.26%
TCBI	B	1.24%
JXN	B	1.22%
BOH	B	1.21%
FCNCA	B	1.21%
VLY	B	1.21%
CADE	B	1.2%
CMA	A	1.2%
FNB	B	1.19%
FULT	B	1.19%
CBSH	B	1.18%
UMBF	B	1.17%
HWC	B	1.17%
OZK	B	1.17%
BKU	B	1.16%
PB	B	1.15%
HOMB	B	1.15%
CRBG	B	1.14%
TBBK	B	1.14%
ABCB	B	1.14%
ONB	B	1.14%
UBSI	B	1.14%
SSB	B	1.13%
BANC	B	1.13%
FFIN	B	1.13%
VOYA	B	1.1%
FIBK	B	1.1%
WAL	B	1.1%
FBP	B	1.04%
COOP	B	1.04%
AUB	B	1.03%
EBC	B	1.03%
CVBF	B	1.02%
PFS	B	1.0%
CBU	B	0.99%
MTG	B	0.99%
BPOP	B	0.99%
WD	C	0.99%
RDN	C	0.98%
CATY	B	0.97%
INDB	B	0.97%
BOKF	B	0.94%
NMIH	C	0.93%
UCB	B	0.91%
SFBS	B	0.9%
PFSI	C	0.9%
ESNT	D	0.89%
IBOC	B	0.89%
FHB	B	0.88%
WAFD	B	0.83%
RNST	B	0.82%
WSFS	B	0.81%
TFIN	A	0.79%
PPBI	B	0.78%
IBTX	B	0.77%
BANR	B	0.75%
SBCF	B	0.72%
RKT	F	0.69%
SFNC	B	0.64%
TRMK	B	0.61%
FFBC	B	0.61%
HTH	B	0.58%
FRME	B	0.56%
LKFN	B	0.45%
WSBC	B	0.44%

KBE Underweight 81 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	B	-7.56%
V	A	-5.88%
MA	B	-4.83%
AMT	D	-1.74%
AXP	A	-1.49%
GS	B	-1.34%
CME	A	-1.25%
SPGI	C	-1.22%
MS	B	-1.19%
CB	D	-1.17%
BLK	C	-1.06%
CCI	D	-1.02%
PLD	D	-1.0%
MMC	A	-0.97%
SCHW	A	-0.93%
ICE	D	-0.91%
EQIX	A	-0.84%
AON	A	-0.83%
COF	B	-0.81%
AIG	B	-0.77%
SPG	C	-0.76%
PGR	A	-0.75%
MCO	A	-0.7%
MET	A	-0.69%
BX	B	-0.67%
PRU	A	-0.66%
AFL	B	-0.66%
ALL	B	-0.64%
TRV	B	-0.61%
WELL	C	-0.59%
PSA	C	-0.56%
TROW	A	-0.52%
AVB	B	-0.51%
STT	A	-0.5%
SBAC	D	-0.48%
EQR	B	-0.48%
DLR	A	-0.44%
WTW	B	-0.44%
DFS	B	-0.44%
O	D	-0.42%
MSCI	C	-0.4%
CSGP	C	-0.4%
WY	D	-0.39%
AMP	B	-0.37%
VTR	D	-0.37%
HIG	B	-0.37%
SYF	A	-0.36%
BXP	D	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
ARE	D	-0.32%
ACGL	D	-0.31%
DOC	C	-0.3%
AJG	A	-0.3%
INVH	D	-0.28%
MKL	A	-0.28%
CINF	A	-0.27%
MAA	B	-0.26%
PFG	C	-0.25%
MKTX	D	-0.24%
WPC	D	-0.24%
SUI	D	-0.24%
EXR	C	-0.24%
L	B	-0.23%
NLY	B	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
FNF	B	-0.22%
NDAQ	A	-0.21%
RJF	A	-0.2%
LNC	B	-0.2%
EG	C	-0.19%
MPW	F	-0.19%
ALLY	C	-0.19%
GL	C	-0.18%
FDS	B	-0.18%
REG	B	-0.18%
VNO	B	-0.18%
CPT	B	-0.18%
WRB	A	-0.17%