MVRL vs. HIPS ETF Comparison
Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Master Income ETF (HIPS)
MVRL
ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN
MVRL Description
The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.
Grade (RS Rating)
Last Trade
$17.82
Average Daily Volume
9,525
Number of Holdings
*
23
* may have additional holdings in another (foreign) market
HIPS
Master Income ETF
HIPS Description
The Master Income ETF seeks to track the total return performance, before fees and expenses, of the TFMS HIPS 300 Index. The Index is constructed to capture 300 high income securities, typically with pass-through structures, across the following sectors: (i) closed-end funds (“CEFs”), (ii) mortgage real estate investment trusts (“REITs”), (iii) commercial equity REITs, (iv) residential/diversified REITs, (v) asset management and business development companies (“BDCs”), and (vi) energy production and energy transportation & processing companies. Energy-related companies included in the Index are expected to primarily be structured as master limited partnerships (“MLPs”). CEFs included in the Index are limited to taxable, debt-based funds and may include CEFs that invest primarily in bank loans, high-yield securities (also known as “junk bonds”), foreign securities (including those in emerging markets), and mortgage- or asset-backed securities. The Index is constituted using proprietary methodology developed by Trust and Fiduciary Management Services, Inc. The Index Provider determines the relative weightings of the securities in the Index and publishes information regarding the market value of the Index.Grade (RS Rating)
Last Trade
$12.89
Average Daily Volume
38,104
Number of Holdings
*
35
* may have additional holdings in another (foreign) market
Performance
Period | MVRL | HIPS |
---|---|---|
30 Days | -2.10% | 0.06% |
60 Days | 4.38% | 2.55% |
90 Days | 9.47% | 2.23% |
12 Months | 28.85% | 20.18% |
0 Overlapping Holdings
Symbol | Grade | Weight in MVRL | Weight in HIPS | Overlap |
---|
MVRL Overweight 23 Positions Relative to HIPS
Symbol | Grade | Weight | |
---|---|---|---|
NLY | C | 13.03% | |
AGNC | C | 8.86% | |
STWD | C | 8.19% | |
CIM | C | 5.48% | |
HASI | C | 5.04% | |
BXMT | C | 4.84% | |
ABR | C | 4.54% | |
TWO | D | 4.01% | |
MFA | C | 3.81% | |
PMT | C | 3.79% | |
ARI | F | 3.76% | |
LADR | D | 3.51% | |
NYMT | D | 3.26% | |
RWT | C | 2.77% | |
EFC | D | 2.49% | |
RC | F | 2.05% | |
ORC | C | 2.0% | |
ACRE | D | 1.95% | |
BRSP | D | 1.92% | |
KREF | C | 1.86% | |
IVR | C | 1.84% | |
ARR | D | 1.83% | |
DX | C | 1.48% |
MVRL Underweight 35 Positions Relative to HIPS
Symbol | Grade | Weight | |
---|---|---|---|
WES | D | -3.39% | |
OHI | C | -3.28% | |
SBRA | C | -3.21% | |
MPLX | A | -3.08% | |
PAA | D | -2.99% | |
ET | C | -2.95% | |
LTC | D | -2.84% | |
BGX | D | -2.83% | |
ALX | C | -2.81% | |
NNN | A | -2.8% | |
EPD | A | -2.79% | |
BXSL | C | -2.76% | |
JQC | C | -2.75% | |
GTY | C | -2.72% | |
JFR | A | -2.69% | |
NBB | C | -2.65% | |
BLW | A | -2.65% | |
ARCC | A | -2.63% | |
FCT | A | -2.62% | |
GLPI | A | -2.59% | |
EFT | D | -2.56% | |
DSU | A | -2.56% | |
EPR | C | -2.5% | |
FDUS | C | -2.5% | |
SLRC | D | -2.49% | |
GBDC | B | -2.48% | |
GSBD | D | -2.48% | |
FSK | A | -2.48% | |
PK | D | -2.43% | |
USAC | D | -2.4% | |
BSM | B | -2.38% | |
DMLP | B | -2.37% | |
CQP | F | -2.37% | |
NMFC | F | -2.36% | |
GNL | D | -2.15% |
MVRL: Top Represented Industries & Keywords
Industries:
REIT - Diversified
REIT - Residential
REIT - Office
REIT - Retail
Specialty Finance
Keywords:
Mortgage Backed Security
Mortgage Loan
Real Estate Investment Trust
Structured Finance
Real Estate Mortgage Investment Conduit
Residential Mortgage Backed Security
Commercial Mortgage Backed Security
Private Equity
Real Estate Finance
Loan
Commercial Mortgage
Fannie Mae
Mezzanine Capital
Real Estate Investing
Rmbs
U.S. Government
Adjustable Rate Mortgage
Asset Backed Security
Collateralized Debt Obligation
Freddie Mac
HIPS: Top Represented Industries & Keywords
Industries:
Asset Management
Oil & Gas Midstream
REIT - Retail
REIT - Healthcare Facilities
Oil & Gas E&P
REIT - Diversified
Credit Services
Oil & Gas Equipment & Services
Oil & Gas Pipelines
REIT - Hotel & Motel
Keywords:
Real Estate Investment Trust
ETF
Exchange Traded Fund
Crude Oil
Business Development
Natural Gas
Petroleum Industry
Bond
Midstream
Assisted Living
Debt
Gas Processing
Gas Storage Facilities
Loan
Mezzanine Capital
Mutual Fund
Natural Gas Liquids
Natural Gas Processing
Natural Gas Storage
Natural Gas Storage Facilities