PFF vs. SEF ETF Comparison

Comparison of iShares US Preferred Stock ETF (PFF) to ProShares Short Financials (SEF)

PFF

iShares US Preferred Stock ETF

PFF Description

The investment seeks to track the investment results of an index composed of U.S. preferred stocks. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the S&P U.S. Preferred Stock IndexTM (the "underlying index"), which measures the performance of a select group of preferred stocks listed on the New York Stock Exchange (" NYSE"), NYSE Arca, Inc. ("NYSE Arca"), NYSE Amex, NASDAQ Global Select Market, NASDAQ Select Market or NASDAQ Capital Market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$32.64

Average Daily Volume

3,786,026

Number of Holdings ^*

227

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.58

Average Daily Volume

11,897

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PFF	SEF
30 Days	-1.37%	-5.84%
60 Days	-1.53%	-8.90%
90 Days	2.37%	-10.72%
12 Months	15.55%	-25.91%

33 Overlapping Holdings

Symbol	Grade	Weight in PFF	Weight in SEF	Overlap
ALL	A	0.16%	0.64%	0.16%
BAC	A	0.28%	4.46%	0.28%
BAC	A	0.06%	4.46%	0.06%
C	A	1.68%	2.98%	1.68%
CFG	B	0.24%	0.3%	0.24%
COF	C	0.06%	0.81%	0.06%
DLR	B	0.11%	0.44%	0.11%
EQH	C	0.14%	0.19%	0.14%
FITB	B	0.12%	0.35%	0.12%
GL	C	0.14%	0.18%	0.14%
GS	A	0.12%	1.34%	0.12%
HBAN	A	0.1%	0.26%	0.1%
HIG	B	0.22%	0.37%	0.22%
JPM	A	0.41%	7.27%	0.41%
KEY	B	0.25%	0.32%	0.25%
LNC	C	0.35%	0.2%	0.2%
MET	A	0.37%	0.69%	0.37%
MS	A	0.25%	1.19%	0.25%
MTB	A	0.16%	0.36%	0.16%
NLY	C	0.27%	0.23%	0.23%
NTRS	A	0.22%	0.39%	0.22%
PRU	A	0.19%	0.66%	0.19%
PSA	C	0.07%	0.56%	0.07%
REG	A	0.07%	0.18%	0.07%
RF	A	0.19%	0.27%	0.19%
SCHW	B	0.31%	0.93%	0.31%
STT	B	0.31%	0.5%	0.31%
SYF	B	0.33%	0.36%	0.33%
TFC	A	0.1%	1.27%	0.1%
USB	A	0.21%	1.32%	0.21%
VNO	C	0.12%	0.18%	0.12%
WFC	A	0.31%	3.19%	0.31%
WRB	A	0.12%	0.17%	0.12%

PFF Overweight 194 Positions Relative to SEF

Symbol	Grade	Weight
ALB	B	1.35%
HPE	B	1.13%
NEE	C	1.08%
ARES	A	1.0%
T	A	0.88%
TBB	C	0.79%
T	A	0.64%
DUK	C	0.62%
SOJD	D	0.55%
TBC	C	0.51%
SREA	D	0.46%
RZC	C	0.46%
NEE	C	0.42%
APO	B	0.4%
CMSD	C	0.38%
JXN	C	0.37%
SO	C	0.37%
F	C	0.37%
CHSCO	B	0.36%
PRS	C	0.35%
WCC	B	0.35%
BTSG	C	0.35%
CHSCL	B	0.33%
BANC	B	0.32%
GTLS	A	0.32%
QRTEP	F	0.32%
CTDD	B	0.31%
DUKB	D	0.31%
CHSCM	D	0.31%
AXS	A	0.31%
UZE	B	0.29%
USM	B	0.29%
FITBI	B	0.29%
BPYPM	D	0.28%
CHSCN	D	0.27%
SOJC	D	0.27%
TPG	A	0.26%
PFH	D	0.25%
RZB	C	0.25%
CG	B	0.24%
KKR	A	0.24%
TDS	B	0.23%
PBI	B	0.23%
DTW	D	0.23%
FG	A	0.23%
CHSCP	F	0.22%
EAI	D	0.22%
AGNCN	A	0.21%
FCNCA	A	0.2%
RLJ	C	0.2%
ESGRP	D	0.2%
UNMA	C	0.19%
ATHS	D	0.19%
ACGLO	D	0.19%
VOYA	B	0.19%
UMH	B	0.18%
MGR	D	0.18%
WTFCP	A	0.18%
NGL	D	0.18%
KREF	C	0.17%
CMSC	C	0.17%
TCBI	C	0.16%
WAL	B	0.16%
TVC	C	0.15%
ELC	D	0.15%
BHF	C	0.15%
NRUC	D	0.15%
NAVI	F	0.15%
RNR	C	0.15%
SR	A	0.15%
GPJA	D	0.15%
OZKAP	D	0.15%
WAFD	B	0.14%
FBRT	D	0.14%
AIZN	D	0.14%
HPP	F	0.14%
EMP	D	0.14%
PNFP	B	0.14%
AGNC	C	0.14%
DBRG	F	0.13%
SNV	C	0.13%
DDT	B	0.13%
KMI	A	0.13%
NSA	C	0.13%
TVE	C	0.12%
EIX	B	0.12%
SLMBP	C	0.12%
SLG	B	0.12%
CMSA	C	0.12%
KIM	A	0.12%
FCNCO	C	0.12%
SFB	D	0.12%
SITC	D	0.11%
LBRDP	C	0.11%
AUB	B	0.11%
CMS	C	0.11%
DTE	C	0.11%
HWC	B	0.11%
AFGC	D	0.11%
NYMTM	A	0.11%
SIGI	C	0.1%
WSBC	B	0.1%
TRTX	C	0.1%
SPLP	D	0.1%
FULT	A	0.1%
AFGE	D	0.1%
RITM	C	0.1%
VLY	B	0.1%
DHC	F	0.1%
SF	B	0.1%
CIM	D	0.09%
AMG	B	0.09%
KMPR	A	0.09%
GPMT	C	0.09%
CADE	B	0.09%
ZIONO	D	0.09%
ARR	D	0.09%
AGNCL	B	0.09%
AFGD	C	0.09%
CION	C	0.09%
AHH	D	0.09%
BNRE.A	A	0.09%
BOH	B	0.08%
CFR	B	0.08%
QVCD	D	0.08%
ATLC	A	0.08%
TWO	F	0.08%
GAIN	B	0.08%
CTVA	C	0.08%
AFGB	C	0.08%
LANDO	C	0.08%
BC	C	0.08%
NYMTL	A	0.08%
ARGD	C	0.08%
CNO	B	0.08%
FRT	B	0.08%
WTFCM	A	0.08%
MBIN	F	0.08%
WBS	A	0.08%
NYMTN	D	0.08%
ADC	A	0.08%
RILY	F	0.07%
ACR	A	0.07%
ENO	D	0.07%
AMH	C	0.07%
BPOPM	C	0.07%
PCG	A	0.07%
CLDT	B	0.07%
IVR	F	0.07%
FCRX	A	0.07%
ABR	C	0.07%
CTO	B	0.07%
MHNC	C	0.07%
FTAI	A	0.07%
ONB	C	0.07%
PMT	C	0.07%
VLYPP	A	0.07%
NEWT	C	0.07%
MFA	D	0.07%
HTLF	B	0.07%
NMFC	D	0.07%
MSBI	B	0.07%
DRH	B	0.07%
EQC	B	0.07%
TRIN	A	0.07%
FHN	A	0.07%
SNCR	F	0.07%
DX	B	0.07%
RILYN	C	0.06%
BFS	C	0.06%
PEB	D	0.06%
LXP	D	0.06%
CNOB	B	0.06%
PSEC	D	0.06%
CODI	B	0.06%
VLYPO	B	0.06%
EFC	C	0.06%
EPR	C	0.06%
GNL	F	0.06%
BW	D	0.06%
SAR	A	0.06%
DCOMP	D	0.06%
FATBP	F	0.05%
MHLA	B	0.05%
CIO	C	0.05%
INN	D	0.05%
SHO	D	0.05%
FOSL	C	0.05%
ASB	B	0.05%
RC	D	0.05%
SLNHP	B	0.04%
OPI	F	0.04%
BHR	C	0.03%
XELAP	F	0.0%

PFF Underweight 65 Positions Relative to SEF

Symbol	Grade	Weight
BRK.A	B	-7.56%
V	A	-5.88%
MA	B	-4.83%
AMT	C	-1.74%
AXP	A	-1.49%
CME	B	-1.25%
SPGI	C	-1.22%
CB	C	-1.17%
PNC	B	-1.13%
BLK	B	-1.06%
CCI	C	-1.02%
PLD	F	-1.0%
MMC	B	-0.97%
ICE	C	-0.91%
EQIX	A	-0.84%
AON	A	-0.83%
AIG	B	-0.77%
SPG	A	-0.76%
PGR	A	-0.75%
MCO	B	-0.7%
BX	A	-0.67%
AFL	B	-0.66%
BK	A	-0.65%
TRV	B	-0.61%
WELL	A	-0.59%
TROW	B	-0.52%
AVB	B	-0.51%
SBAC	D	-0.48%
EQR	C	-0.48%
WTW	B	-0.44%
DFS	B	-0.44%
O	C	-0.42%
MSCI	C	-0.4%
CSGP	D	-0.4%
WY	F	-0.39%
AMP	A	-0.37%
VTR	B	-0.37%
BXP	C	-0.34%
CBRE	B	-0.34%
ESS	B	-0.34%
ARE	F	-0.32%
ACGL	C	-0.31%
DOC	C	-0.3%
AJG	A	-0.3%
INVH	D	-0.28%
MKL	A	-0.28%
CINF	A	-0.27%
MAA	B	-0.26%
PFG	D	-0.25%
MKTX	D	-0.24%
WPC	C	-0.24%
SUI	C	-0.24%
EXR	C	-0.24%
L	A	-0.23%
UDR	B	-0.23%
HST	C	-0.22%
ELS	C	-0.22%
FNF	B	-0.22%
NDAQ	A	-0.21%
RJF	A	-0.2%
EG	C	-0.19%
MPW	F	-0.19%
ALLY	C	-0.19%
FDS	B	-0.18%
CPT	B	-0.18%