PAPI vs. SDP ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to ProShares UltraShort Utilities (SDP)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

SDP

ProShares UltraShort Utilities

SDP 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. UtilitiesSM 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 utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

35,154

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	SDP
30 Days	3.08%	2.33%
60 Days	3.73%	-1.82%
90 Days	4.88%	-14.20%
12 Months	19.25%	-41.26%

19 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in SDP	Overlap
AEE	A	0.54%	1.92%	0.54%
AEP	D	0.5%	4.77%	0.5%
ATO	A	0.53%	1.34%	0.53%
D	C	0.5%	6.77%	0.5%
DUK	C	0.5%	6.69%	0.5%
ED	D	0.48%	2.94%	0.48%
EVRG	A	0.55%	1.5%	0.55%
FE	C	0.5%	2.6%	0.5%
IDA	A	0.59%	0.54%	0.54%
LNT	A	0.52%	1.35%	0.52%
NFG	A	0.52%	0.38%	0.38%
OGS	A	0.54%	0.49%	0.49%
PEG	A	0.52%	2.93%	0.52%
POR	C	0.51%	0.51%	0.51%
PPL	B	0.55%	2.56%	0.55%
SO	D	0.5%	6.91%	0.5%
SRE	A	0.57%	4.34%	0.57%
WEC	A	0.52%	2.98%	0.52%
XEL	A	0.57%	3.36%	0.57%

PAPI Overweight 170 Positions Relative to SDP

Symbol	Grade	Weight
GRMN	B	0.65%
SNA	A	0.63%
IP	B	0.63%
DTM	B	0.62%
BKR	B	0.62%
EMR	A	0.61%
OKE	A	0.61%
UNM	A	0.61%
IDCC	A	0.61%
PINC	B	0.6%
FOX	A	0.59%
CFR	B	0.59%
TAP	C	0.59%
EA	A	0.59%
PB	A	0.59%
MO	A	0.59%
KMI	A	0.58%
CINF	A	0.58%
JHG	A	0.58%
WMB	A	0.58%
JCI	C	0.58%
WHR	B	0.57%
RHI	B	0.57%
TRV	B	0.57%
CTRA	B	0.57%
RF	A	0.57%
DGX	A	0.57%
SYK	C	0.57%
LH	C	0.57%
TXRH	C	0.57%
FOXA	B	0.57%
CVX	A	0.57%
CMI	A	0.57%
FAST	B	0.56%
WSO	A	0.56%
CAH	B	0.56%
EOG	A	0.56%
RS	B	0.56%
PKG	A	0.56%
PM	B	0.56%
TROW	B	0.56%
COP	C	0.56%
VLO	C	0.55%
DCI	B	0.55%
INGR	B	0.55%
UNH	C	0.55%
GGG	B	0.55%
OGE	B	0.55%
T	A	0.55%
GNTX	C	0.54%
MOS	F	0.54%
PAG	B	0.54%
CMCSA	B	0.54%
COR	B	0.54%
ORI	A	0.54%
WMT	A	0.54%
CSCO	B	0.54%
COST	B	0.54%
CHD	B	0.54%
AFG	A	0.54%
DRI	B	0.54%
TJX	A	0.54%
ADP	B	0.54%
MTN	C	0.54%
MSFT	F	0.53%
CTSH	B	0.53%
LHX	C	0.53%
AM	A	0.53%
GILD	C	0.53%
TXN	C	0.53%
PRU	A	0.53%
PAYX	C	0.53%
MSM	C	0.53%
COLM	B	0.53%
HPE	B	0.53%
GLW	B	0.53%
HP	B	0.52%
BMI	B	0.52%
ROP	B	0.52%
ABT	B	0.52%
PG	A	0.52%
ATR	B	0.52%
UPS	C	0.52%
HPQ	B	0.52%
EXPD	D	0.52%
XOM	B	0.52%
PSX	C	0.52%
CHRD	D	0.52%
CME	A	0.52%
AVT	C	0.51%
DD	D	0.51%
CALM	A	0.51%
DLB	B	0.51%
DINO	D	0.51%
HIG	B	0.51%
FNF	B	0.51%
APD	A	0.51%
LKQ	D	0.51%
OXM	D	0.51%
MDT	D	0.51%
CTVA	C	0.5%
BDX	F	0.5%
JNJ	D	0.5%
RTX	C	0.5%
POWI	D	0.5%
NYT	C	0.5%
DVN	F	0.5%
GD	F	0.5%
ACN	C	0.5%
VZ	C	0.5%
CCOI	B	0.5%
SNX	C	0.5%
PFG	D	0.5%
RGLD	C	0.5%
BG	F	0.5%
MTG	C	0.5%
AFL	B	0.5%
DOX	D	0.49%
OMC	C	0.49%
CHE	D	0.49%
KMB	D	0.49%
BBY	D	0.49%
PPG	F	0.49%
SON	D	0.49%
FLO	D	0.49%
LIN	D	0.49%
JKHY	D	0.49%
EMN	D	0.49%
QCOM	F	0.49%
HRL	D	0.49%
CAG	D	0.48%
LYB	F	0.48%
AOS	F	0.48%
WEN	D	0.48%
ADI	D	0.48%
PEP	F	0.48%
RPRX	D	0.48%
LEA	D	0.48%
WU	D	0.48%
SHOO	D	0.47%
AMCR	D	0.47%
LEN	D	0.47%
CI	F	0.47%
ADM	D	0.47%
KDP	D	0.46%
ABBV	D	0.46%
ASH	D	0.46%
FMC	D	0.46%
HAS	D	0.46%
KHC	F	0.46%
MRK	F	0.46%
IBM	C	0.46%
IPG	D	0.45%
SWKS	F	0.45%
GPC	D	0.45%
KO	D	0.45%
DHR	F	0.45%
ESNT	D	0.45%
HUN	F	0.44%
MAN	D	0.44%
DOW	F	0.44%
PFE	D	0.44%
INSW	F	0.44%
PII	D	0.43%
ELV	F	0.43%
CVI	F	0.42%
CRI	D	0.41%
HII	D	0.39%
NEM	D	0.38%
SCCO	F	0.0%

PAPI Underweight 27 Positions Relative to SDP

Symbol	Grade	Weight
NEE	D	-12.13%
EXC	C	-4.51%
ES	D	-2.81%
EIX	B	-2.7%
DTE	C	-2.52%
ETR	B	-2.46%
AWK	D	-2.31%
CMS	C	-1.82%
AES	F	-1.33%
CNP	B	-1.33%
WTRG	B	-1.07%
NI	A	-1.06%
PNW	B	-1.03%
VST	B	-1.01%
NRG	B	-0.95%
UGI	A	-0.91%
MDU	D	-0.58%
HE	C	-0.51%
BKH	A	-0.49%
SR	A	-0.42%
ALE	A	-0.42%
SWX	B	-0.41%
NJR	A	-0.41%
PNM	F	-0.4%
NWE	B	-0.37%
AVA	A	-0.32%
AGR	B	-0.28%