REK vs. REAI ETF Comparison

Comparison of ProShares Short Real Estate (REK) to Intelligent Real Estate ETF (REAI)

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

REAI

Intelligent Real Estate ETF

REAI Description

REAI aims to remove the restrictions of investing in non-traded REITs, such as low liquidity, high expenses, and gate provisions. However, there are differences between listed REITs and non-traded REITs, most notable are dividend distribution, capital formation, and how each invests. REAI actively manages a portfolio of 20-50 publicly traded REITs while aiming to provide similar risk and returns of non-traded REITs. Dividend distributions may be lower than those from non-traded REITs. However, the use of listed REITs may provide more safeguards to end investors. Utilizing a research-based investment approach, the funds assets will be allocated to resemble the geographic and thematic exposure of real estate private equity. Security selection and rebalancing decisions involve bottom-up analysis based on corporate profitability, balance sheet, and portfolio and property-level analytics. Up to 10% of the funds assets may be invested in mortgage-backed securities. Prior to Jan. 29, 2024, the fund was called Private Real Estate Strategy via Liquid REITs ETF with the ticker PRVT.

Grade (RS Rating)

Last Trade

$22.09

Average Daily Volume

273

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REK	REAI
30 Days	0.78%	-2.15%
60 Days	2.27%	-2.40%
90 Days	0.37%	0.37%
12 Months	-14.63%	27.07%

40 Overlapping Holdings

Symbol	Grade	Weight in REK	Weight in REAI	Overlap
AMT	C	8.05%	1.44%	1.44%
APLE	B	0.26%	1.65%	0.26%
BDN	C	0.22%	1.47%	0.22%
BRX	A	0.48%	1.71%	0.48%
BXP	C	1.56%	1.55%	1.55%
CCI	C	4.7%	1.51%	1.51%
CPT	B	0.83%	1.63%	0.83%
CUBE	C	0.47%	1.55%	0.47%
DEI	B	0.54%	1.69%	0.54%
DOC	C	1.4%	1.58%	1.4%
EGP	D	0.41%	1.55%	0.41%
ELS	C	1.0%	1.7%	1.0%
EPR	C	0.44%	1.49%	0.44%
EQIX	A	3.91%	1.68%	1.68%
ESS	B	1.59%	1.71%	1.59%
FR	D	0.42%	1.56%	0.42%
FRT	B	0.71%	1.64%	0.71%
GLPI	C	0.72%	1.55%	0.72%
HIW	C	0.41%	1.53%	0.41%
HST	C	1.0%	1.58%	1.0%
INVH	D	1.28%	1.6%	1.28%
IRM	C	0.7%	1.51%	0.7%
KRC	B	0.63%	1.65%	0.63%
LAMR	C	0.62%	1.54%	0.62%
MAA	B	1.19%	1.65%	1.19%
MAC	B	0.22%	1.7%	0.22%
NHI	D	0.29%	1.59%	0.29%
NNN	C	0.74%	1.42%	0.74%
OHI	C	0.74%	1.61%	0.74%
PDM	D	0.23%	1.57%	0.23%
PSA	C	2.58%	1.56%	1.56%
RHP	B	0.37%	1.62%	0.37%
SBRA	C	0.33%	1.64%	0.33%
SLG	B	0.58%	1.8%	0.58%
SPG	A	3.53%	1.68%	1.68%
SUI	C	1.12%	1.54%	1.12%
SVC	F	0.31%	0.96%	0.31%
UDR	B	1.08%	1.64%	1.08%
VTR	B	1.71%	1.64%	1.64%
XHR	B	0.18%	1.62%	0.18%

REK Overweight 47 Positions Relative to REAI

Symbol	Grade	Weight
PLD	F	4.64%
WELL	A	2.73%
AVB	B	2.35%
EQR	C	2.24%
SBAC	D	2.21%
DLR	B	2.02%
O	C	1.94%
CSGP	D	1.85%
WY	F	1.8%
CBRE	B	1.59%
ARE	F	1.46%
EXR	C	1.13%
WPC	C	1.12%
NLY	C	1.08%
MPW	F	0.9%
VNO	C	0.83%
REG	A	0.82%
AGNC	C	0.77%
VICI	C	0.76%
JLL	D	0.69%
KIM	A	0.67%
AIV	C	0.61%
STWD	C	0.56%
AMH	C	0.54%
COLD	D	0.53%
CUZ	B	0.48%
PK	C	0.46%
HPP	F	0.45%
HHH	B	0.42%
REXR	F	0.41%
BXMT	C	0.39%
JBGS	F	0.37%
HR	B	0.36%
TWO	F	0.32%
OUT	A	0.32%
RYN	D	0.32%
CIM	D	0.31%
EQC	B	0.31%
DSS	F	0.28%
MFA	D	0.28%
PEB	D	0.26%
SHO	D	0.24%
RLJ	C	0.23%
PCH	F	0.23%
PGRE	F	0.22%
LXP	D	0.21%
IVR	F	0.19%

REK Underweight 20 Positions Relative to REAI

Symbol	Grade	Weight
CHCT	C	-1.83%
UE	B	-1.75%
LTC	B	-1.73%
CBL	B	-1.72%
NXRT	B	-1.71%
SKT	A	-1.7%
GOOD	B	-1.68%
OLP	B	-1.68%
AAT	B	-1.65%
DRH	B	-1.64%
AHH	D	-1.62%
UHT	D	-1.58%
BFS	C	-1.58%
STAG	D	-1.57%
CDP	C	-1.56%
ESRT	C	-1.55%
ALX	D	-1.53%
PLYM	F	-1.43%
IIPR	D	-1.28%
OPI	F	-0.99%