MVRL vs. QVOY ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to Q3 All-Season Active Rotation ETF (QVOY)

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

$16.76

Average Daily Volume

10,738

Number of Holdings ^*

23

* may have additional holdings in another (foreign) market

QVOY

Q3 All-Season Active Rotation ETF

QVOY Description

Under normal circumstances, the fund will invest primarily in shares of other investment companies, including exchange-traded funds ("ETFs"), open-end mutual funds, and closed-end funds across four category "sleeves": core equity, active equity, bonds, and alternatives. The fund may indirectly invest in equity securities of all capitalization ranges and in debt securities of all credit qualities.

Grade (RS Rating)

Last Trade

$28.69

Average Daily Volume

16,421

Number of Holdings ^*

8

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	QVOY
30 Days	-1.10%	1.12%
60 Days	-5.98%	2.01%
90 Days	-2.91%	3.71%
12 Months	15.09%	4.70%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in QVOY	Overlap

MVRL Overweight 23 Positions Relative to QVOY

	Symbol	Grade	Weight
	NLY	C	13.03%
	AGNC	D	8.86%
	STWD	C	8.19%
	CIM	D	5.48%
	HASI	D	5.04%
	BXMT	C	4.84%
	ABR	C	4.54%
	TWO	D	4.01%
	MFA	D	3.81%
	PMT	D	3.79%
	ARI	C	3.76%
	LADR	B	3.51%
	NYMT	C	3.26%
	RWT	D	2.77%
	EFC	C	2.49%
	RC	D	2.05%
	ORC	B	2.0%
	ACRE	C	1.95%
	BRSP	B	1.92%
	KREF	D	1.86%
	IVR	F	1.84%
	ARR	D	1.83%
	DX	B	1.48%

MVRL Underweight 8 Positions Relative to QVOY

	Symbol	Grade	Weight
	SCHG	B	-14.44%
	GDX	D	-12.34%
	GLDM	C	-4.19%
	PFFD	C	-4.13%
	ICVT	A	-4.12%
	VCIT	D	-1.31%
	IEF	F	-1.31%
	USHY	B	-1.23%

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

QVOY: Top Represented Industries & Keywords

Industries:

Keywords: Exchange Traded Fund ETF Bond Bloomberg Barclays Us Aggregate Bond Index Bond Market Indices Corporate Bond Index Fund Stock Market Index Swaps American Depositary Receipt Barclays Bond Market Bullion Convertibles Dow Jones U.S. Total Stock Market Index Equity Derivative Futures Markets Gold As An Investment Gold Mining Gold Mining Industry