MVRL vs. MDIV ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Multi-Asset Diversified Income Index Fund (MDIV)

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

$16.62

Average Daily Volume

10,480

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.60

Average Daily Volume

85,346

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	MDIV
30 Days	-1.98%	0.85%
60 Days	-8.49%	0.30%
90 Days	-3.72%	2.39%
12 Months	14.12%	17.30%

2 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in MDIV	Overlap
	LADR	B	3.51%	1.03%	1.03%
	PMT	C	3.79%	1.47%	1.47%

MVRL Overweight 21 Positions Relative to MDIV

Symbol	Grade	Weight
NLY	C	13.03%
AGNC	C	8.86%
STWD	C	8.19%
CIM	D	5.48%
HASI	D	5.04%
BXMT	C	4.84%
ABR	C	4.54%
TWO	F	4.01%
MFA	D	3.81%
ARI	C	3.76%
NYMT	C	3.26%
RWT	D	2.77%
EFC	C	2.49%
RC	D	2.05%
ORC	B	2.0%
ACRE	B	1.95%
BRSP	C	1.92%
KREF	C	1.86%
IVR	F	1.84%
ARR	D	1.83%
DX	B	1.48%

MVRL Underweight 101 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	B	-20.0%
IEP	F	-1.51%
ARLP	A	-1.41%
DMLP	A	-1.3%
BSM	B	-1.28%
KRP	B	-1.27%
DKL	C	-1.2%
CAPL	C	-1.17%
USAC	B	-1.16%
AGNCN	A	-1.09%
APLE	B	-1.05%
EPR	C	-0.99%
GLP	A	-0.96%
MPLX	A	-0.95%
LTC	B	-0.94%
CQP	B	-0.92%
ET	A	-0.91%
NRP	B	-0.89%
WES	C	-0.86%
GTY	A	-0.84%
HST	C	-0.83%
EPD	A	-0.82%
FITBI	B	-0.79%
GLPI	C	-0.79%
CHSCO	B	-0.78%
SPG	A	-0.77%
CHSCL	B	-0.76%
SUN	B	-0.74%
AAT	B	-0.72%
CHSCN	D	-0.72%
RZC	C	-0.72%
PAA	B	-0.71%
VICI	C	-0.71%
IIPR	D	-0.71%
FCPT	C	-0.71%
CHSCM	D	-0.69%
PAGP	A	-0.67%
NHI	D	-0.65%
WU	F	-0.64%
NNN	C	-0.64%
BRX	A	-0.63%
ALEX	B	-0.62%
LAMR	C	-0.61%
VZ	C	-0.6%
CTRE	C	-0.6%
T	A	-0.6%
CDP	C	-0.58%
REG	A	-0.57%
MAA	B	-0.57%
PSA	C	-0.56%
CUBE	C	-0.56%
BMY	B	-0.55%
CHRD	D	-0.54%
ENLC	A	-0.51%
OKE	A	-0.51%
FANG	C	-0.47%
TROW	B	-0.46%
DTM	A	-0.45%
NWE	C	-0.45%
GILD	C	-0.44%
EVRG	A	-0.44%
GEL	D	-0.44%
ETR	B	-0.44%
BKH	A	-0.43%
AVA	B	-0.43%
HMN	B	-0.42%
PINC	B	-0.42%
SR	A	-0.42%
LYB	F	-0.41%
CVX	A	-0.41%
PRU	A	-0.4%
PNM	B	-0.39%
XEL	A	-0.39%
VTRS	B	-0.39%
EXC	C	-0.38%
CAG	F	-0.38%
OGS	A	-0.38%
KHC	F	-0.38%
ES	C	-0.37%
FLO	D	-0.37%
WEC	A	-0.37%
DVN	F	-0.36%
POR	C	-0.36%
PNC	B	-0.36%
MSM	C	-0.36%
DRI	B	-0.36%
FE	C	-0.35%
IBM	C	-0.34%
IPG	D	-0.34%
EIX	B	-0.34%
DUK	C	-0.34%
NJR	A	-0.34%
SJM	D	-0.33%
FAF	A	-0.33%
SON	F	-0.32%
NFG	A	-0.32%
KMB	C	-0.31%
MDT	D	-0.31%
AEP	C	-0.31%
GIS	D	-0.3%
NMM	D	-0.05%