ROOF vs. BBRE ETF Comparison

Comparison of IQ US Real Estate Small Cap ETF (ROOF) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

ROOF

IQ US Real Estate Small Cap ETF

ROOF Description

The investment seeks investment results that correspond generally to the price and yield performance of its underlying index, the IQ U.S. Real Estate Small Cap Index. The fund employs a "passive management" to track the performance of the underlying index, which was developed by Financial Development Holdco LLC ("IndexIQ"), the parent company of IndexIQ Advisors LLC, the fund's investment advisor (the "Advisor"). The underlying index is a rules based, modified capitalization weighted, float adjusted index intended to give investors a means of tracking the overall performance of the small capitalization sector. It is non-diversified.

Grade (RS Rating)

Last Trade

$20.57

Average Daily Volume

102,110

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$97.80

Average Daily Volume

36,829

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	ROOF	BBRE
30 Days	-5.09%	-1.75%
60 Days	-8.35%	-3.26%
90 Days	-0.61%	3.93%
12 Months	13.92%	26.51%

39 Overlapping Holdings

Symbol	Grade	Weight in ROOF	Weight in BBRE	Overlap
AIV	D	0.1%	0.12%	0.1%
AMH	C	1.15%	1.04%	1.04%
ARE	F	1.71%	1.48%	1.48%
AVB	B	2.77%	2.82%	2.77%
COLD	F	1.34%	0.54%	0.54%
CPT	C	1.08%	1.07%	1.07%
CSR	B	0.09%	0.1%	0.09%
CTRE	C	0.39%	0.27%	0.27%
DHC	F	0.06%	0.03%	0.03%
DLR	C	5.33%	4.55%	4.55%
DOC	C	1.35%	1.33%	1.33%
EGP	D	1.59%	0.67%	0.67%
ELME	D	0.13%	0.14%	0.13%
ELS	B	1.1%	1.12%	1.1%
EQIX	B	5.01%	7.26%	5.01%
EQR	C	2.34%	2.25%	2.25%
ESS	C	1.63%	1.71%	1.63%
FR	D	1.31%	0.62%	0.62%
IIPR	F	0.65%	0.26%	0.26%
INVH	D	1.76%	1.79%	1.76%
IRT	A	0.4%	0.41%	0.4%
LTC	B	0.14%	0.14%	0.14%
LXP	D	0.52%	0.23%	0.23%
MAA	C	1.56%	1.62%	1.56%
MPW	F	0.23%	0.23%	0.23%
NHI	D	0.3%	0.31%	0.3%
NXRT	B	0.1%	0.1%	0.1%
PLD	D	4.64%	8.82%	4.64%
PLYM	F	0.18%	0.08%	0.08%
REXR	F	1.74%	0.67%	0.67%
SBRA	C	0.37%	0.4%	0.37%
STAG	D	1.29%	0.58%	0.58%
SUI	F	1.41%	1.35%	1.35%
TRNO	F	1.07%	0.41%	0.41%
UDR	C	1.24%	1.27%	1.24%
UMH	C	0.12%	0.1%	0.1%
VRE	B	0.14%	0.13%	0.13%
VTR	C	2.26%	2.26%	2.26%
WELL	B	5.02%	6.14%	5.02%

ROOF Overweight 5 Positions Relative to BBRE

Symbol	Grade	Weight
UNIT	C	4.43%
AMT	F	4.39%
SBAC	D	4.39%
CCI	F	4.25%
SILA	D	0.11%

ROOF Underweight 75 Positions Relative to BBRE

Symbol	Grade	Weight
SPG	A	-4.71%
PSA	D	-4.26%
O	D	-3.78%
EXR	D	-2.99%
IRM	D	-2.92%
VICI	D	-2.63%
KIM	A	-1.46%
HST	D	-1.13%
GLPI	D	-1.11%
REG	A	-1.08%
BXP	D	-1.04%
WPC	F	-1.01%
CUBE	D	-0.94%
OHI	C	-0.85%
BRX	A	-0.76%
FRT	B	-0.73%
NNN	F	-0.67%
VNO	C	-0.62%
ADC	A	-0.6%
RHP	B	-0.53%
KRG	B	-0.53%
SLG	C	-0.45%
EPRT	C	-0.42%
CUZ	B	-0.42%
PECO	B	-0.41%
MAC	B	-0.37%
KRC	C	-0.37%
SKT	A	-0.34%
NSA	D	-0.33%
CDP	C	-0.32%
APLE	B	-0.31%
PK	C	-0.3%
EPR	D	-0.3%
HIW	D	-0.3%
DEI	B	-0.29%
BNL	D	-0.27%
UE	B	-0.25%
IVT	B	-0.21%
FCPT	C	-0.21%
AKR	B	-0.21%
EQC	C	-0.2%
SHO	D	-0.2%
ROIC	A	-0.19%
DRH	C	-0.17%
XHR	B	-0.16%
PEB	F	-0.15%
JBGS	F	-0.14%
RLJ	C	-0.14%
ALEX	B	-0.13%
AAT	B	-0.13%
GNL	F	-0.13%
ESRT	D	-0.13%
GTY	C	-0.12%
PDM	D	-0.11%
DEA	D	-0.1%
NTST	F	-0.08%
AHH	D	-0.08%
BDN	D	-0.08%
PGRE	C	-0.08%
INN	D	-0.07%
GOOD	B	-0.07%
WSR	B	-0.07%
BFS	C	-0.06%
FPI	B	-0.06%
OLP	B	-0.05%
ALX	D	-0.05%
GMRE	F	-0.05%
HPP	F	-0.05%
UHT	D	-0.05%
CBL	B	-0.04%
LAND	F	-0.04%
CLDT	B	-0.04%
CHCT	C	-0.04%
SVC	F	-0.04%
PKST	F	-0.03%