KONG vs. SRS ETF Comparison

Comparison of Formidable Fortress ETF (KONG) to ProShares UltraShort Real Estate (SRS)

KONG

Formidable Fortress ETF

KONG Description

The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.

Grade (RS Rating)

Last Trade

$29.18

Average Daily Volume

1,739

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS 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. Real EstateSM 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 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

$11.69

Average Daily Volume

44,555

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KONG	SRS
30 Days	3.15%	0.77%
60 Days	8.35%	-12.37%
90 Days	8.28%	-22.02%
12 Months	16.84%	-42.18%

2 Overlapping Holdings

	Symbol	Grade	Weight in KONG	Weight in SRS	Overlap
	GLPI	C	3.4%	0.72%	0.72%
	PSA	C	2.59%	2.58%	2.58%

KONG Overweight 30 Positions Relative to SRS

Symbol	Grade	Weight
TPL	A	5.55%
MKTX	B	3.77%
ADM	F	3.61%
FFIV	B	3.5%
SPGI	C	3.47%
DOX	B	3.31%
FAST	C	3.29%
META	A	3.25%
NVDA	B	3.24%
CHE	D	3.23%
IBKR	A	3.22%
GOOG	B	3.22%
JNJ	D	3.19%
GGG	C	3.17%
SNA	C	3.16%
JKHY	A	3.13%
ERIE	A	3.03%
EME	B	3.02%
RS	D	3.0%
REGN	D	3.0%
ADBE	F	2.98%
MNST	D	2.95%
MSFT	D	2.89%
VRTX	D	2.79%
WST	D	2.72%
GNTX	D	2.66%
CTRA	D	2.36%
CTSH	B	2.35%
ADP	A	2.29%
UTHR	C	2.28%

KONG Underweight 85 Positions Relative to SRS

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	D	-4.64%
EQIX	C	-3.91%
SPG	A	-3.53%
WELL	C	-2.73%
AVB	C	-2.35%
EQR	C	-2.24%
SBAC	C	-2.21%
DLR	C	-2.02%
O	C	-1.94%
CSGP	F	-1.85%
WY	C	-1.8%
VTR	C	-1.71%
ESS	D	-1.59%
CBRE	C	-1.59%
BXP	B	-1.56%
ARE	D	-1.46%
DOC	C	-1.4%
INVH	D	-1.28%
MAA	D	-1.19%
EXR	D	-1.13%
WPC	C	-1.12%
SUI	D	-1.12%
NLY	C	-1.08%
UDR	C	-1.08%
HST	D	-1.0%
ELS	D	-1.0%
MPW	C	-0.9%
VNO	B	-0.83%
CPT	C	-0.83%
REG	C	-0.82%
AGNC	B	-0.77%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	C	-0.74%
FRT	D	-0.71%
IRM	B	-0.7%
JLL	C	-0.69%
KIM	C	-0.67%
KRC	C	-0.63%
LAMR	C	-0.62%
AIV	D	-0.61%
SLG	C	-0.58%
STWD	C	-0.56%
AMH	D	-0.54%
DEI	A	-0.54%
COLD	D	-0.53%
CUZ	C	-0.48%
BRX	C	-0.48%
CUBE	C	-0.47%
PK	D	-0.46%
HPP	F	-0.45%
EPR	C	-0.44%
HHH	C	-0.42%
FR	D	-0.42%
EGP	D	-0.41%
HIW	C	-0.41%
REXR	D	-0.41%
BXMT	C	-0.39%
RHP	B	-0.37%
JBGS	C	-0.37%
HR	D	-0.36%
SBRA	C	-0.33%
TWO	D	-0.32%
OUT	C	-0.32%
RYN	C	-0.32%
CIM	C	-0.31%
SVC	D	-0.31%
EQC	D	-0.31%
NHI	C	-0.29%
DSS	F	-0.28%
MFA	C	-0.28%
APLE	B	-0.26%
PEB	D	-0.26%
SHO	B	-0.24%
RLJ	D	-0.23%
PDM	C	-0.23%
PCH	C	-0.23%
BDN	B	-0.22%
PGRE	D	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
IVR	C	-0.19%
XHR	A	-0.18%