REK vs. VNQ ETF Comparison

Comparison of ProShares Short Real Estate (REK) to Vanguard REIT ETF - DNQ (VNQ)

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

$16.54

Average Daily Volume

12,807

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VNQ

Vanguard REIT ETF - DNQ

VNQ Description

The investment seeks to provide a high level of income and moderate long-term capital appreciation by tracking the performance of a benchmark index that measures the performance of publicly traded equity REITs. The fund employs an indexing investment approach designed to track the performance of the MSCI US REIT Index. The index is composed of stocks of publicly traded equity real estate investment trusts (known as REITs). The fund attempts to replicate the index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$95.11

Average Daily Volume

4,006,790

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	REK	VNQ
30 Days	0.73%	0.59%
60 Days	-6.22%	8.18%
90 Days	-11.03%	14.85%
12 Months	-21.31%	33.76%

77 Overlapping Holdings

Symbol	Grade	Weight in REK	Weight in VNQ	Overlap
AIV	D	0.61%	0.07%	0.07%
AMH	D	0.54%	0.74%	0.54%
AMT	D	8.05%	5.93%	5.93%
APLE	B	0.26%	0.19%	0.19%
ARE	D	1.46%	1.07%	1.07%
AVB	C	2.35%	1.82%	1.82%
BDN	B	0.22%	0.05%	0.05%
BRX	C	0.48%	0.47%	0.47%
BXP	B	1.56%	0.64%	0.64%
CBRE	C	1.59%	2.0%	1.59%
CCI	D	4.7%	2.76%	2.76%
COLD	D	0.53%	0.44%	0.44%
CPT	C	0.83%	0.76%	0.76%
CSGP	F	1.85%	1.79%	1.79%
CUBE	C	0.47%	0.66%	0.47%
CUZ	C	0.48%	0.25%	0.25%
DEI	A	0.54%	0.15%	0.15%
DLR	C	2.02%	2.79%	2.02%
DOC	C	1.4%	0.89%	0.89%
EGP	D	0.41%	0.51%	0.41%
ELS	D	1.0%	0.73%	0.73%
EPR	C	0.44%	0.2%	0.2%
EQC	D	0.31%	0.12%	0.12%
EQIX	C	3.91%	4.37%	3.91%
EQR	C	2.24%	1.45%	1.45%
ESS	D	1.59%	1.1%	1.1%
EXR	D	1.13%	2.12%	1.13%
FR	D	0.42%	0.43%	0.42%
FRT	D	0.71%	0.49%	0.49%
GLPI	C	0.72%	0.8%	0.72%
HHH	C	0.42%	0.14%	0.14%
HIW	C	0.41%	0.19%	0.19%
HPP	F	0.45%	0.04%	0.04%
HST	D	1.0%	0.71%	0.71%
INVH	D	1.28%	1.28%	1.28%
IRM	B	0.7%	1.88%	0.7%
JBGS	C	0.37%	0.08%	0.08%
JLL	C	0.69%	0.69%	0.69%
KIM	C	0.67%	0.89%	0.67%
KRC	C	0.63%	0.23%	0.23%
LAMR	C	0.62%	0.63%	0.62%
LXP	D	0.21%	0.17%	0.17%
MAA	D	1.19%	1.07%	1.07%
MAC	B	0.22%	0.2%	0.2%
MPW	C	0.9%	0.15%	0.15%
NHI	C	0.29%	0.2%	0.2%
NNN	C	0.74%	0.49%	0.49%
O	C	1.94%	3.06%	1.94%
OHI	C	0.74%	0.55%	0.55%
OUT	C	0.32%	0.13%	0.13%
PCH	C	0.23%	0.2%	0.2%
PDM	C	0.23%	0.07%	0.07%
PEB	D	0.26%	0.09%	0.09%
PGRE	D	0.22%	0.05%	0.05%
PK	D	0.46%	0.18%	0.18%
PLD	D	4.64%	6.7%	4.64%
PSA	C	2.58%	3.08%	2.58%
REG	C	0.82%	0.72%	0.72%
REXR	D	0.41%	0.63%	0.41%
RHP	B	0.37%	0.34%	0.34%
RLJ	D	0.23%	0.08%	0.08%
RYN	C	0.32%	0.25%	0.25%
SBAC	C	2.21%	1.38%	1.38%
SBRA	C	0.33%	0.22%	0.22%
SHO	B	0.24%	0.11%	0.11%
SLG	C	0.58%	0.24%	0.24%
SPG	A	3.53%	3.09%	3.09%
SUI	D	1.12%	0.95%	0.95%
SVC	D	0.31%	0.04%	0.04%
UDR	C	1.08%	0.79%	0.79%
VICI	C	0.76%	1.82%	0.76%
VNO	B	0.83%	0.32%	0.32%
VTR	C	1.71%	1.42%	1.42%
WELL	C	2.73%	4.0%	2.73%
WPC	C	1.12%	0.74%	0.74%
WY	C	1.8%	1.26%	1.26%
XHR	A	0.18%	0.08%	0.08%

REK Overweight 10 Positions Relative to VNQ

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

REK Underweight 69 Positions Relative to VNQ

Symbol	Grade	Weight
Z	C	-0.49%
ADC	C	-0.42%
STAG	D	-0.42%
TRNO	D	-0.38%
EPRT	C	-0.32%
KRG	C	-0.32%
PECO	C	-0.26%
IRT	D	-0.26%
CTRE	C	-0.24%
BNL	C	-0.2%
IIPR	C	-0.2%
SKT	A	-0.19%
NSA	D	-0.19%
CDP	A	-0.19%
ZG	C	-0.17%
CWK	D	-0.17%
FCPT	C	-0.15%
UE	C	-0.14%
AKR	B	-0.13%
COMP	C	-0.12%
JOE	D	-0.12%
DBRG	D	-0.12%
ROIC	C	-0.11%
NMRK	C	-0.11%
IVT	B	-0.11%
GNL	D	-0.1%
DRH	B	-0.1%
ESRT	C	-0.09%
ELME	D	-0.09%
LTC	D	-0.09%
GTY	C	-0.09%
AAT	C	-0.08%
ALEX	D	-0.08%
KW	C	-0.07%
NTST	F	-0.07%
OPEN	F	-0.07%
DEA	D	-0.07%
UMH	D	-0.07%
VRE	C	-0.07%
PLYM	D	-0.06%
MMI	D	-0.06%
RDFN	C	-0.06%
UNIT	B	-0.06%
NXRT	D	-0.06%
CSR	D	-0.06%
AHH	F	-0.05%
EXPI	C	-0.05%
FOR	D	-0.04%
INN	A	-0.04%
OLP	C	-0.03%
LAND	D	-0.03%
FPI	D	-0.03%
PKST	D	-0.03%
CHCT	F	-0.03%
ALX	D	-0.03%
BFS	C	-0.03%
WSR	C	-0.03%
GMRE	C	-0.03%
DHC	C	-0.03%
UHT	D	-0.03%
GOOD	A	-0.03%
CBL	D	-0.02%
TRC	D	-0.02%
RMR	B	-0.02%
CLDT	D	-0.02%
OPI	F	-0.01%
SRG	D	-0.01%
NXDT	C	-0.01%
CIO	D	-0.01%