KBE vs. SKF ETF Comparison

Comparison of SPDR S&P Bank ETF (KBE) to ProShares UltraShort Financials (SKF)

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

$61.63

Average Daily Volume

1,808,152

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SKF

ProShares UltraShort Financials

SKF Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) 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 two times the inverse (-2x) 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

$32.40

Average Daily Volume

12,877

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBE	SKF
30 Days	13.14%	-14.46%
60 Days	15.82%	-19.83%
90 Days	15.94%	-23.27%
12 Months	60.85%	-49.37%

16 Overlapping Holdings

Symbol	Grade	Weight in KBE	Weight in SKF	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	A	1.13%	0.35%	0.35%
HBAN	A	1.25%	0.26%	0.26%
JPM	A	1.21%	7.27%	1.21%
KEY	B	1.21%	0.32%	0.32%
MTB	A	1.29%	0.36%	0.36%
NTRS	A	1.25%	0.39%	0.39%
PNC	B	1.18%	1.13%	1.13%
RF	A	1.21%	0.27%	0.27%
TFC	A	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 SKF

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

KBE Underweight 81 Positions Relative to SKF

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