MVRL vs. SIXS ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to 6 Meridian Small Cap Equity ETF (SIXS)

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

$16.53

Average Daily Volume

9,096

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SIXS

6 Meridian Small Cap Equity ETF

SIXS Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in small-capitalization equity securities. The Sub-Adviser considers small-capitalization companies to be the smallest 75% of stocks included in the Russell 3000 Index by market capitalization. Although it invests primarily in small-capitalization securities, the fund may invest in equity securities of companies of any capitalization. The equity securities in which it invests are mainly common stocks.

Grade (RS Rating)

Last Trade

$47.64

Average Daily Volume

2,127

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	SIXS
30 Days	-4.75%	-1.27%
60 Days	-6.75%	-3.48%
90 Days	-0.58%	-1.23%
12 Months	21.76%	12.98%

1 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in SIXS	Overlap
	PMT	D	3.79%	1.11%	1.11%

MVRL Overweight 22 Positions Relative to SIXS

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

MVRL Underweight 80 Positions Relative to SIXS

Symbol	Grade	Weight
CALM	B	-2.95%
HCI	B	-2.73%
AGO	B	-2.43%
INVA	C	-2.29%
PRDO	B	-2.2%
COLL	F	-2.05%
CEIX	A	-1.28%
AMSF	A	-1.28%
LRN	A	-1.27%
PRGS	B	-1.26%
WKC	D	-1.25%
HCC	A	-1.25%
HP	C	-1.24%
ENVA	A	-1.22%
AMBC	D	-1.2%
MCY	B	-1.2%
PFBC	B	-1.19%
REX	F	-1.19%
MSGS	A	-1.19%
ATEN	A	-1.19%
CVI	F	-1.18%
MGEE	C	-1.18%
VRTS	B	-1.18%
HSII	A	-1.18%
HMN	A	-1.18%
AWR	C	-1.15%
MHO	D	-1.15%
GTY	C	-1.15%
PUMP	F	-1.15%
SM	F	-1.15%
RES	F	-1.14%
FIZZ	B	-1.14%
BRC	D	-1.14%
BKE	C	-1.14%
ATGE	A	-1.13%
EIG	C	-1.13%
AX	B	-1.13%
PLAB	F	-1.13%
AMR	F	-1.12%
WRLD	D	-1.12%
GIII	C	-1.12%
NABL	F	-1.11%
SMPL	C	-1.11%
JJSF	C	-1.11%
DVAX	A	-1.11%
NPK	F	-1.11%
JBSS	F	-1.1%
ENSG	A	-1.1%
VIRT	A	-1.1%
BOX	D	-1.1%
RGR	F	-1.1%
MMSI	B	-1.1%
PBH	A	-1.09%
PINC	A	-1.09%
FDP	A	-1.09%
RDN	F	-1.09%
ZEUS	F	-1.09%
LTC	A	-1.09%
DNOW	F	-1.09%
EZPW	B	-1.08%
TR	F	-1.08%
SPTN	D	-1.08%
HSTM	A	-1.08%
SAFT	D	-1.07%
MOV	F	-1.07%
DXC	D	-1.06%
SCSC	F	-1.06%
ANDE	F	-1.06%
GDEN	F	-1.05%
SPNT	D	-1.05%
RAMP	D	-1.04%
CUBI	D	-1.04%
LBRT	F	-1.03%
MTUS	F	-1.03%
CLW	F	-1.02%
WNC	F	-1.0%
THS	F	-1.0%
BFH	C	-0.99%
LPG	F	-0.95%
OGN	D	-0.9%