REK vs. FREL ETF Comparison

Comparison of ProShares Short Real Estate (REK) to Fidelity MSCI Real Estate Index ETF (FREL)

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

$16.48

Average Daily Volume

12,138

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FREL

Fidelity MSCI Real Estate Index ETF

FREL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Real Estate Index. The fund invests at least 80% of assets in securities included in the fund&#39;s underlying index. The fund&#39;s underlying index is the MSCI USA IMI Real Estate Index, which represents the performance of the real estate sector in the U.S. equity market. The fund may or may not hold all of the securities in the MSCI USA IMI Real Estate Index.

Grade (RS Rating)

Last Trade

$29.58

Average Daily Volume

181,462

Number of Holdings ^*

138

* may have additional holdings in another (foreign) market

Performance

Period	REK	FREL
30 Days	-5.59%	6.69%
60 Days	-8.81%	10.62%
90 Days	-13.80%	18.61%
12 Months	-17.41%	26.99%

77 Overlapping Holdings

Symbol	Grade	Weight in REK	Weight in FREL	Overlap
AIV	B	0.61%	0.07%	0.07%
AMH	C	0.54%	0.86%	0.54%
AMT	C	8.05%	7.12%	7.12%
APLE	D	0.26%	0.22%	0.22%
ARE	B	1.46%	1.23%	1.23%
AVB	B	2.35%	2.11%	2.11%
BDN	B	0.22%	0.06%	0.06%
BRX	B	0.48%	0.53%	0.48%
BXP	B	1.56%	0.75%	0.75%
CBRE	A	1.59%	2.32%	1.59%
CCI	B	4.7%	3.33%	3.33%
COLD	D	0.53%	0.51%	0.51%
CPT	B	0.83%	0.84%	0.83%
CSGP	D	1.85%	2.05%	1.85%
CUBE	B	0.47%	0.78%	0.47%
CUZ	B	0.48%	0.29%	0.29%
DEI	B	0.54%	0.17%	0.17%
DLR	B	2.02%	3.27%	2.02%
DOC	C	1.4%	1.02%	1.02%
EGP	B	0.41%	0.58%	0.41%
ELS	C	1.0%	0.85%	0.85%
EPR	B	0.44%	0.24%	0.24%
EQC	B	0.31%	0.14%	0.14%
EQIX	B	3.91%	5.3%	3.91%
EQR	B	2.24%	1.69%	1.69%
ESS	B	1.59%	1.28%	1.28%
EXR	B	1.13%	2.42%	1.13%
FR	C	0.42%	0.48%	0.42%
FRT	C	0.71%	0.56%	0.56%
GLPI	B	0.72%	0.92%	0.72%
HHH	C	0.42%	0.15%	0.15%
HIW	B	0.41%	0.23%	0.23%
HPP	D	0.45%	0.04%	0.04%
HST	D	1.0%	0.78%	0.78%
INVH	C	1.28%	1.43%	1.28%
IRM	B	0.7%	2.2%	0.7%
JBGS	B	0.37%	0.09%	0.09%
JLL	B	0.69%	0.77%	0.69%
KIM	B	0.67%	1.03%	0.67%
KRC	B	0.63%	0.25%	0.25%
LAMR	A	0.62%	0.72%	0.62%
LXP	B	0.21%	0.19%	0.19%
MAA	B	1.19%	1.23%	1.19%
MAC	B	0.22%	0.23%	0.22%
MPW	C	0.9%	0.22%	0.22%
NHI	A	0.29%	0.24%	0.24%
NNN	B	0.74%	0.57%	0.57%
O	B	1.94%	3.46%	1.94%
OHI	A	0.74%	0.64%	0.64%
OUT	B	0.32%	0.15%	0.15%
PCH	C	0.23%	0.23%	0.23%
PDM	B	0.23%	0.08%	0.08%
PEB	D	0.26%	0.1%	0.1%
PGRE	C	0.22%	0.05%	0.05%
PK	D	0.46%	0.19%	0.19%
PLD	C	4.64%	7.76%	4.64%
PSA	B	2.58%	3.65%	2.58%
REG	C	0.82%	0.84%	0.82%
REXR	C	0.41%	0.7%	0.41%
RHP	D	0.37%	0.38%	0.37%
RLJ	D	0.23%	0.09%	0.09%
RYN	C	0.32%	0.28%	0.28%
SBAC	C	2.21%	1.67%	1.67%
SBRA	B	0.33%	0.28%	0.28%
SHO	D	0.24%	0.13%	0.13%
SLG	B	0.58%	0.29%	0.29%
SPG	B	3.53%	3.44%	3.44%
SUI	B	1.12%	1.15%	1.12%
SVC	F	0.31%	0.05%	0.05%
UDR	B	1.08%	0.93%	0.93%
VICI	C	0.76%	2.25%	0.76%
VNO	B	0.83%	0.38%	0.38%
VTR	C	1.71%	1.69%	1.69%
WELL	B	2.73%	4.69%	2.73%
WPC	B	1.12%	0.87%	0.87%
WY	C	1.8%	1.47%	1.47%
XHR	C	0.18%	0.09%	0.09%

REK Overweight 10 Positions Relative to FREL

Symbol	Grade	Weight
NLY	A	1.08%
AGNC	A	0.77%
STWD	A	0.56%
BXMT	C	0.39%
HR	C	0.36%
TWO	B	0.32%
CIM	A	0.31%
DSS	F	0.28%
MFA	A	0.28%
IVR	C	0.19%

REK Underweight 61 Positions Relative to FREL

Symbol	Grade	Weight
Z	B	-0.58%
ADC	C	-0.49%
STAG	C	-0.47%
TRNO	C	-0.43%
KRG	B	-0.38%
EPRT	A	-0.35%
PECO	B	-0.3%
IRT	B	-0.3%
CTRE	B	-0.27%
NSA	B	-0.23%
BNL	B	-0.22%
SKT	B	-0.22%
FCPT	A	-0.18%
UE	B	-0.17%
AKR	C	-0.16%
COMP	B	-0.15%
DBRG	D	-0.15%
JOE	C	-0.14%
CWK	B	-0.14%
NMRK	B	-0.14%
ROIC	B	-0.13%
IVT	B	-0.13%
GNL	B	-0.12%
DRH	C	-0.12%
LTC	B	-0.11%
ESRT	B	-0.1%
GTY	B	-0.1%
UMH	C	-0.09%
RDFN	C	-0.09%
ALEX	B	-0.09%
KW	C	-0.08%
UNIT	C	-0.08%
NTST	D	-0.08%
DEA	B	-0.08%
OPEN	D	-0.08%
AAT	B	-0.08%
PLYM	D	-0.07%
MMI	C	-0.07%
NXRT	B	-0.07%
CSR	B	-0.07%
EXPI	C	-0.07%
WSR	D	-0.05%
AHH	B	-0.05%
UHT	B	-0.04%
OLP	B	-0.04%
ALX	B	-0.04%
DHC	B	-0.04%
GMRE	C	-0.04%
INN	C	-0.04%
GOOD	B	-0.04%
FOR	C	-0.04%
FRPH	D	-0.03%
CLDT	D	-0.03%
LAND	C	-0.03%
FPI	D	-0.03%
CHCT	F	-0.03%
BFS	C	-0.03%
PKST	C	-0.03%
CBL	D	-0.02%
TRC	C	-0.02%
RMR	C	-0.02%