REW vs. FELC ETF Comparison

Comparison of ProShares UltraShort Technology (REW) to Fidelity Enhanced Large Cap Core ETF (FELC)

REW

ProShares UltraShort Technology

REW 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 Dow Jones U.S. TechnologySM Index. 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 measures the performance of the technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$10.26

Average Daily Volume

16,636

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FELC

Fidelity Enhanced Large Cap Core ETF

FELC Description

The fund will normally invest at least 80% of assets in common stocks included in the S&P 500® Index, which is a market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance. The adviser will generally use computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the index. It will invest in domestic and foreign issuers.

Grade (RS Rating)

Last Trade

$33.43

Average Daily Volume

581,796

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	REW	FELC
30 Days	-4.57%	3.27%
60 Days	-9.33%	5.09%
90 Days	-8.88%	6.09%
12 Months	-39.43%	33.74%

30 Overlapping Holdings

Symbol	Grade	Weight in REW	Weight in FELC	Overlap
AAPL	C	18.06%	7.38%	7.38%
ADBE	C	2.51%	0.94%	0.94%
AMAT	F	0.86%	0.68%	0.68%
ANET	C	0.18%	0.11%	0.11%
AVGO	D	1.82%	1.72%	1.72%
CACI	D	0.1%	0.4%	0.1%
CRM	B	2.4%	1.15%	1.15%
CSCO	B	3.09%	0.66%	0.66%
DOCU	A	0.13%	0.02%	0.02%
FTNT	C	0.25%	0.15%	0.15%
GOOG	C	5.24%	1.9%	1.9%
GOOGL	C	5.25%	2.05%	2.05%
GRMN	B	0.21%	0.22%	0.21%
KLAC	D	0.42%	0.63%	0.42%
LDOS	C	0.2%	0.24%	0.2%
LRCX	F	0.66%	0.44%	0.44%
META	D	4.46%	2.89%	2.89%
MSFT	F	17.29%	5.68%	5.68%
MSI	B	0.45%	0.5%	0.45%
MU	D	0.95%	0.66%	0.66%
NOW	A	0.87%	0.55%	0.55%
NVDA	C	2.26%	7.39%	2.26%
ORCL	B	1.77%	0.05%	0.05%
QCOM	F	1.63%	0.88%	0.88%
QRVO	F	0.2%	0.12%	0.12%
SSNC	B	0.21%	0.38%	0.21%
SWKS	F	0.31%	0.03%	0.03%
TWLO	A	0.22%	0.13%	0.13%
VEEV	C	0.29%	0.08%	0.08%
WDAY	B	0.44%	0.16%	0.16%

REW Overweight 58 Positions Relative to FELC

Symbol	Grade	Weight
INTC	D	3.85%
TXN	C	1.83%
IBM	C	1.82%
INTU	C	1.09%
AMD	F	0.84%
ADI	D	0.65%
ADSK	A	0.63%
CTSH	B	0.51%
HPQ	B	0.48%
EBAY	D	0.41%
MCHP	D	0.39%
PANW	C	0.35%
SNPS	B	0.34%
ANSS	B	0.34%
VRSN	F	0.33%
CDNS	B	0.31%
IAC	D	0.3%
WDC	D	0.3%
HPE	B	0.29%
CDW	F	0.29%
MRVL	B	0.28%
AKAM	D	0.23%
PAYC	B	0.22%
SNAP	C	0.22%
STX	D	0.21%
OKTA	C	0.21%
NTAP	C	0.21%
IT	C	0.21%
RNG	B	0.21%
LUMN	C	0.2%
GDDY	A	0.19%
EPAM	C	0.19%
TYL	B	0.18%
BAH	F	0.17%
TTD	B	0.17%
FICO	B	0.17%
TER	D	0.17%
DOX	D	0.15%
ON	D	0.15%
DXC	B	0.14%
GWRE	A	0.14%
AZPN	A	0.14%
OLED	D	0.13%
DELL	C	0.12%
JNPR	F	0.12%
FFIV	B	0.12%
PTC	A	0.12%
HUBS	A	0.11%
DAY	B	0.11%
MPWR	F	0.11%
ENTG	D	0.11%
CIEN	B	0.1%
XRX	F	0.1%
LITE	B	0.09%
SNX	C	0.09%
Z	A	0.09%
ETSY	D	0.09%
MKSI	C	0.09%

REW Underweight 140 Positions Relative to FELC

Symbol	Grade	Weight
AMZN	C	-3.93%
BRK.A	B	-2.25%
JPM	A	-1.94%
XOM	B	-1.56%
MA	C	-1.36%
TSLA	B	-1.31%
NFLX	A	-1.3%
HD	A	-1.29%
BAC	A	-1.2%
WMT	A	-1.14%
ABBV	D	-1.02%
MRK	F	-0.99%
PM	B	-0.94%
CMCSA	B	-0.86%
NEE	D	-0.84%
V	A	-0.82%
SCHW	B	-0.8%
UNP	C	-0.76%
LLY	F	-0.76%
BMY	B	-0.75%
JNJ	D	-0.74%
GILD	C	-0.74%
PGR	A	-0.74%
T	A	-0.73%
PG	A	-0.72%
LMT	D	-0.71%
RTX	C	-0.7%
CTAS	B	-0.69%
DIS	B	-0.65%
ECL	D	-0.63%
CI	F	-0.63%
BDX	F	-0.62%
NOC	D	-0.6%
TJX	A	-0.59%
SPG	B	-0.59%
SQ	B	-0.58%
UNH	C	-0.57%
CAT	B	-0.57%
ABT	B	-0.56%
CVNA	B	-0.55%
EOG	A	-0.54%
CSX	B	-0.54%
DVN	F	-0.53%
PCAR	B	-0.52%
TXT	D	-0.52%
DBX	B	-0.52%
TT	A	-0.52%
ZM	B	-0.51%
CME	A	-0.5%
CL	D	-0.47%
IGT	F	-0.46%
EXEL	B	-0.45%
TRV	B	-0.43%
ANF	C	-0.42%
PFE	D	-0.42%
GE	D	-0.39%
NSC	B	-0.38%
TDC	D	-0.37%
AON	A	-0.35%
CMG	B	-0.35%
PYPL	B	-0.34%
MSCI	C	-0.33%
TMO	F	-0.33%
ALLE	D	-0.33%
AMGN	D	-0.33%
WM	A	-0.32%
SPGI	C	-0.31%
MS	A	-0.31%
TMUS	B	-0.31%
COST	B	-0.31%
CAH	B	-0.31%
AXP	A	-0.31%
TROW	B	-0.31%
PPG	F	-0.3%
SEIC	B	-0.3%
MGM	D	-0.3%
MMC	B	-0.29%
INCY	C	-0.28%
CCL	B	-0.26%
CVS	D	-0.25%
AMT	D	-0.24%
RSG	A	-0.24%
SKYW	B	-0.23%
GAP	C	-0.22%
IDXX	F	-0.22%
LHX	C	-0.21%
LYFT	C	-0.21%
GL	B	-0.21%
MEDP	D	-0.21%
ADP	B	-0.2%
ALRM	C	-0.2%
NUE	C	-0.2%
OXY	D	-0.19%
DASH	A	-0.18%
GS	A	-0.15%
ED	D	-0.15%
UBER	D	-0.14%
WTW	B	-0.14%
MMM	D	-0.13%
BKNG	A	-0.13%
UNM	A	-0.12%
PNC	B	-0.12%
VST	B	-0.12%
NBIX	C	-0.11%
NRG	B	-0.11%
CLX	B	-0.11%
BK	A	-0.11%
F	C	-0.11%
BLD	D	-0.11%
LNW	D	-0.11%
BBWI	D	-0.11%
BIIB	F	-0.1%
PEGA	A	-0.1%
WFC	A	-0.1%
HWM	A	-0.1%
PSA	D	-0.09%
SOLV	C	-0.09%
MKL	A	-0.08%
FR	C	-0.08%
ZBRA	B	-0.06%
MCK	B	-0.06%
DHI	D	-0.06%
STLD	B	-0.06%
VZ	C	-0.06%
AXTA	A	-0.05%
SCCO	F	-0.05%
PEP	F	-0.05%
PLTK	B	-0.04%
ROST	C	-0.04%
GEHC	F	-0.04%
SYK	C	-0.03%
KR	B	-0.03%
A	D	-0.03%
CRUS	D	-0.03%
LPLA	A	-0.03%
GPN	B	-0.02%
C	A	-0.02%
WBD	C	-0.01%
AES	F	-0.01%
CVX	A	-0.01%