REM vs. REK ETF Comparison

Comparison of iShares Mortgage Real Estate Capped ETF (REM) to ProShares Short Real Estate (REK)

REM

iShares Mortgage Real Estate Capped ETF

REM Description

The investment seeks to track the investment results of an index composed of U.S. real estate investment trusts ("REITs") that hold U.S. residential and commercial mortgages. 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. The underlying index measures the performance of the residential and commercial mortgage real estate, mortgage finance and savings associations sectors of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.30

Average Daily Volume

424,782

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$16.92

Average Daily Volume

10,731

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REM	REK
30 Days	-3.50%	4.01%
60 Days	-5.06%	2.40%
90 Days	-1.15%	-0.87%
12 Months	15.51%	-17.34%

8 Overlapping Holdings

Symbol	Grade	Weight in REM	Weight in REK	Overlap
AGNC	D	11.31%	0.77%	0.77%
BXMT	C	4.7%	0.39%	0.39%
CIM	D	2.9%	0.31%	0.31%
IVR	F	0.97%	0.19%	0.19%
MFA	D	2.92%	0.28%	0.28%
NLY	D	15.2%	1.08%	1.08%
STWD	D	9.65%	0.56%	0.56%
TWO	F	3.15%	0.32%	0.32%

REM Overweight 25 Positions Relative to REK

Symbol	Grade	Weight
RITM	D	8.36%
ABR	B	5.09%
LADR	B	3.0%
ARI	F	2.92%
PMT	D	2.79%
RC	F	2.64%
FBRT	B	2.5%
EFC	D	2.43%
RWT	D	2.32%
ARR	D	2.24%
DX	C	2.19%
KREF	D	1.63%
BRSP	C	1.61%
ORC	D	1.31%
CMTG	F	1.29%
TRTX	A	1.17%
NYMT	D	1.1%
ACRE	F	0.82%
REFI	D	0.6%
SEVN	F	0.43%
AFCG	F	0.4%
GPMT	C	0.37%
NREF	C	0.28%
AOMR	F	0.26%
SUNS	D	0.2%

REM Underweight 79 Positions Relative to REK

Symbol	Grade	Weight
AMT	D	-8.05%
CCI	D	-4.7%
PLD	F	-4.64%
EQIX	B	-3.91%
SPG	C	-3.53%
WELL	A	-2.73%
PSA	D	-2.58%
AVB	C	-2.35%
EQR	D	-2.24%
SBAC	D	-2.21%
DLR	A	-2.02%
O	D	-1.94%
CSGP	F	-1.85%
WY	D	-1.8%
VTR	B	-1.71%
ESS	D	-1.59%
CBRE	A	-1.59%
BXP	C	-1.56%
ARE	F	-1.46%
DOC	C	-1.4%
INVH	F	-1.28%
MAA	D	-1.19%
EXR	D	-1.13%
WPC	F	-1.12%
SUI	D	-1.12%
UDR	D	-1.08%
HST	D	-1.0%
ELS	D	-1.0%
MPW	D	-0.9%
VNO	B	-0.83%
CPT	D	-0.83%
REG	D	-0.82%
VICI	D	-0.76%
OHI	B	-0.74%
NNN	D	-0.74%
GLPI	D	-0.72%
FRT	D	-0.71%
IRM	B	-0.7%
JLL	B	-0.69%
KIM	B	-0.67%
KRC	B	-0.63%
LAMR	B	-0.62%
AIV	D	-0.61%
SLG	B	-0.58%
AMH	F	-0.54%
DEI	B	-0.54%
COLD	F	-0.53%
CUZ	B	-0.48%
BRX	C	-0.48%
CUBE	D	-0.47%
PK	F	-0.46%
HPP	F	-0.45%
EPR	D	-0.44%
HHH	C	-0.42%
FR	D	-0.42%
EGP	D	-0.41%
HIW	C	-0.41%
REXR	F	-0.41%
RHP	B	-0.37%
JBGS	C	-0.37%
HR	D	-0.36%
SBRA	B	-0.33%
OUT	C	-0.32%
RYN	C	-0.32%
SVC	F	-0.31%
EQC	C	-0.31%
NHI	C	-0.29%
DSS	D	-0.28%
APLE	C	-0.26%
PEB	F	-0.26%
SHO	D	-0.24%
RLJ	F	-0.23%
PDM	C	-0.23%
PCH	F	-0.23%
BDN	C	-0.22%
PGRE	C	-0.22%
MAC	B	-0.22%
LXP	D	-0.21%
XHR	C	-0.18%