REK vs. CRED ETF Comparison

Comparison of ProShares Short Real Estate (REK) to Columbia Research Enhanced Real Estate ETF (CRED)

REK

ProShares Short Real Estate

REK 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. Real EstateSM 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 real estate sector of the U.S. equity market. Component companies include, among others, real estate holding and development and real estate services companies and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.57

Average Daily Volume

10,551

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CRED

Columbia Research Enhanced Real Estate ETF

CRED Description

Columbia Research Enhanced Real Estate ETF (the Fund) seeks investment results that, before fees and expenses, closely correspond to the performance of the Beta Advantage® Lionstone Research Enhanced REIT Index (the Index). The Beta Advantage® Lionstone Research Enhanced REIT Index (the “Index”) aims to achieve stronger total return than the FTSE NAREIT All Equity REITs Index through a rules-based strategic beta approach. The Index methodology leverages proprietary research and insights from Lionstone Investments and Columbia Threadneedle Investments to score and weight each constituent within the FTSE NAREIT All Equity REITs Index on such factors as liquidity, income, geographic exposure, quality, value, catalyst and research rating.

Grade (RS Rating)

Last Trade

$23.49

Average Daily Volume

686

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REK	CRED
30 Days	0.78%	-1.15%
60 Days	2.27%	-1.36%
90 Days	0.37%	2.39%
12 Months	-14.63%	25.12%

49 Overlapping Holdings

Symbol	Grade	Weight in REK	Weight in CRED	Overlap
AMH	C	0.54%	1.7%	0.54%
AMT	C	8.05%	10.98%	8.05%
APLE	B	0.26%	0.64%	0.26%
AVB	B	2.35%	3.32%	2.35%
BDN	C	0.22%	0.16%	0.16%
BRX	A	0.48%	1.45%	0.48%
BXP	C	1.56%	1.51%	1.51%
CCI	C	4.7%	6.96%	4.7%
CUBE	C	0.47%	1.2%	0.47%
CUZ	B	0.48%	0.83%	0.48%
DEI	B	0.54%	0.33%	0.33%
DLR	B	2.02%	6.22%	2.02%
DOC	C	1.4%	2.75%	1.4%
EPR	C	0.44%	0.77%	0.44%
EQIX	A	3.91%	7.18%	3.91%
FR	D	0.42%	0.92%	0.42%
GLPI	C	0.72%	1.81%	0.72%
HIW	C	0.41%	0.78%	0.41%
HPP	F	0.45%	0.07%	0.07%
HST	C	1.0%	1.27%	1.0%
INVH	D	1.28%	2.5%	1.28%
IRM	C	0.7%	3.91%	0.7%
JBGS	F	0.37%	0.18%	0.18%
KRC	B	0.63%	0.87%	0.63%
LAMR	C	0.62%	1.93%	0.62%
LXP	D	0.21%	0.49%	0.21%
MAA	B	1.19%	3.18%	1.19%
MAC	B	0.22%	0.43%	0.22%
MPW	F	0.9%	0.47%	0.47%
NNN	C	0.74%	0.85%	0.74%
O	C	1.94%	5.9%	1.94%
OHI	C	0.74%	1.36%	0.74%
OUT	A	0.32%	0.51%	0.32%
PCH	F	0.23%	0.36%	0.23%
PDM	D	0.23%	0.27%	0.23%
PEB	D	0.26%	0.12%	0.12%
PGRE	F	0.22%	0.08%	0.08%
PK	C	0.46%	0.4%	0.4%
RHP	B	0.37%	0.85%	0.37%
RLJ	C	0.23%	0.19%	0.19%
RYN	D	0.32%	0.51%	0.32%
SBAC	D	2.21%	2.68%	2.21%
SBRA	C	0.33%	0.76%	0.33%
SHO	D	0.24%	0.17%	0.17%
SPG	A	3.53%	7.67%	3.53%
SUI	C	1.12%	1.31%	1.12%
VNO	C	0.83%	0.64%	0.64%
WY	F	1.8%	2.39%	1.8%
XHR	B	0.18%	0.2%	0.18%

REK Overweight 38 Positions Relative to CRED

Symbol	Grade	Weight
PLD	F	4.64%
WELL	A	2.73%
PSA	C	2.58%
EQR	C	2.24%
CSGP	D	1.85%
VTR	B	1.71%
ESS	B	1.59%
CBRE	B	1.59%
ARE	F	1.46%
EXR	C	1.13%
WPC	C	1.12%
NLY	C	1.08%
UDR	B	1.08%
ELS	C	1.0%
CPT	B	0.83%
REG	A	0.82%
AGNC	C	0.77%
VICI	C	0.76%
FRT	B	0.71%
JLL	D	0.69%
KIM	A	0.67%
AIV	C	0.61%
SLG	B	0.58%
STWD	C	0.56%
COLD	D	0.53%
HHH	B	0.42%
EGP	D	0.41%
REXR	F	0.41%
BXMT	C	0.39%
HR	B	0.36%
TWO	F	0.32%
CIM	D	0.31%
SVC	F	0.31%
EQC	B	0.31%
NHI	D	0.29%
DSS	F	0.28%
MFA	D	0.28%
IVR	F	0.19%

REK Underweight 21 Positions Relative to CRED

Symbol	Grade	Weight
KRG	B	-1.01%
STAG	D	-0.96%
CTRE	C	-0.73%
NSA	C	-0.63%
PECO	A	-0.61%
EPRT	B	-0.54%
BNL	D	-0.43%
CDP	C	-0.39%
SKT	A	-0.39%
GNL	F	-0.31%
UE	B	-0.28%
UNIT	B	-0.22%
DRH	B	-0.19%
AHH	D	-0.17%
UMH	B	-0.14%
ESRT	C	-0.13%
WSR	A	-0.12%
GMRE	F	-0.11%
INN	D	-0.09%
ILPT	F	-0.02%
OPI	F	-0.01%