REM vs. SDD ETF Comparison

Comparison of iShares Mortgage Real Estate Capped ETF (REM) to ProShares UltraShort SmallCap600 (SDD)

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

$22.87

Average Daily Volume

426,342

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$13.78

Average Daily Volume

1,216

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	REM	SDD
30 Days	-1.74%	-8.30%
60 Days	-5.62%	-7.70%
90 Days	-0.59%	-13.59%
12 Months	11.22%	-38.55%

3 Overlapping Holdings

Symbol	Grade	Weight in REM	Weight in SDD	Overlap
ARI	C	3.09%	0.33%	0.33%
IVR	D	0.95%	0.31%	0.31%
PMT	D	2.71%	0.3%	0.3%

REM Overweight 30 Positions Relative to SDD

Symbol	Grade	Weight
NLY	D	15.54%
AGNC	C	11.23%
STWD	C	9.72%
RITM	D	8.6%
ABR	C	5.06%
BXMT	C	4.71%
LADR	B	3.13%
TWO	D	2.86%
CIM	D	2.81%
RC	D	2.76%
MFA	D	2.67%
FBRT	C	2.51%
EFC	D	2.42%
RWT	D	2.22%
DX	B	2.2%
ARR	D	2.18%
BRSP	C	1.9%
KREF	D	1.59%
CMTG	D	1.34%
ORC	C	1.33%
NYMT	D	1.28%
TRTX	B	1.25%
ACRE	B	0.9%
REFI	A	0.64%
GPMT	B	0.41%
AFCG	D	0.39%
SEVN	C	0.39%
NREF	A	0.33%
AOMR	F	0.26%
SUNS	B	0.2%

REM Underweight 88 Positions Relative to SDD

Symbol	Grade	Weight
DAR	C	-0.61%
GBCI	B	-0.49%
BLD	F	-0.48%
JBT	A	-0.47%
EXPO	D	-0.47%
NEOG	D	-0.47%
VIAV	C	-0.46%
OMCL	C	-0.46%
CBU	B	-0.46%
STRA	C	-0.45%
BCPC	B	-0.44%
NEO	C	-0.43%
SSD	D	-0.43%
SHOO	D	-0.42%
AVA	C	-0.42%
SKYW	B	-0.42%
B	A	-0.41%
AWR	B	-0.41%
UNF	B	-0.41%
LAD	B	-0.41%
ONB	B	-0.4%
AMN	F	-0.4%
CNMD	C	-0.4%
CCOI	B	-0.39%
ADC	A	-0.39%
POWI	D	-0.39%
ITRI	B	-0.39%
UFPI	C	-0.38%
SFNC	B	-0.38%
MOG.A	B	-0.38%
BRC	C	-0.37%
CVBF	A	-0.37%
PRLB	B	-0.37%
ITGR	B	-0.37%
WTS	B	-0.36%
JJSF	C	-0.36%
QLYS	C	-0.36%
AEIS	B	-0.36%
ABCB	B	-0.36%
CROX	F	-0.36%
INDB	B	-0.35%
WING	F	-0.35%
WWW	A	-0.35%
LCII	C	-0.35%
COLB	B	-0.35%
ABM	B	-0.34%
WDFC	B	-0.34%
FOXF	F	-0.34%
LXP	D	-0.34%
SEM	B	-0.33%
ESE	B	-0.33%
IOSP	C	-0.33%
AIT	B	-0.33%
IRDM	F	-0.33%
ROG	D	-0.32%
CWT	C	-0.32%
MEDP	F	-0.32%
GTLS	A	-0.32%
MNRO	D	-0.32%
FUL	F	-0.32%
SAIA	C	-0.32%
NSIT	F	-0.32%
LPSN	F	-0.32%
AIN	C	-0.31%
SANM	B	-0.31%
HI	C	-0.31%
DIOD	F	-0.31%
EBS	C	-0.31%
EXLS	B	-0.31%
FN	C	-0.31%
FELE	B	-0.3%
SPXC	A	-0.3%
ALGT	C	-0.3%
MTH	D	-0.3%
ENSG	D	-0.3%
KFY	B	-0.3%
FFBC	B	-0.3%
ACA	A	-0.29%
AAT	A	-0.29%
DORM	B	-0.29%
NMIH	C	-0.29%
PLXS	B	-0.29%
XHR	B	-0.29%
KWR	C	-0.28%
PRGS	B	-0.28%
FBP	B	-0.28%
AKR	A	-0.28%
NWN	A	-0.28%