ROOF vs. SRS ETF Comparison

Comparison of IQ US Real Estate Small Cap ETF (ROOF) to ProShares UltraShort Real Estate (SRS)

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

$20.75

Average Daily Volume

99,157

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SRS

ProShares UltraShort Real Estate

SRS 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. Real EstateSM 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 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

$46.52

Average Daily Volume

14,598

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ROOF	SRS
30 Days	-2.98%	0.95%
60 Days	-5.92%	3.64%
90 Days	-1.18%	-1.17%
12 Months	14.63%	-31.87%

29 Overlapping Holdings

Symbol	Grade	Weight in ROOF	Weight in SRS	Overlap
AIV	C	0.1%	0.61%	0.1%
AMH	C	1.2%	0.54%	0.54%
AMT	C	4.41%	8.05%	4.41%
ARE	F	1.61%	1.46%	1.46%
AVB	B	2.85%	2.35%	2.35%
CCI	C	4.3%	4.7%	4.3%
COLD	D	1.17%	0.53%	0.53%
CPT	B	1.11%	0.83%	0.83%
DLR	B	5.57%	2.02%	2.02%
DOC	C	1.27%	1.4%	1.27%
EGP	D	1.58%	0.41%	0.41%
ELS	C	1.15%	1.0%	1.0%
EQIX	A	5.1%	3.91%	3.91%
EQR	C	2.44%	2.24%	2.24%
ESS	B	1.69%	1.59%	1.59%
FR	D	1.31%	0.42%	0.42%
INVH	D	1.81%	1.28%	1.28%
LXP	D	0.5%	0.21%	0.21%
MAA	B	1.63%	1.19%	1.19%
MPW	F	0.22%	0.9%	0.22%
NHI	D	0.3%	0.29%	0.29%
PLD	F	4.67%	4.64%	4.64%
REXR	F	1.73%	0.41%	0.41%
SBAC	D	4.48%	2.21%	2.21%
SBRA	C	0.37%	0.33%	0.33%
SUI	C	1.36%	1.12%	1.12%
UDR	B	1.28%	1.08%	1.08%
VTR	B	2.3%	1.71%	1.71%
WELL	A	5.16%	2.73%	2.73%

ROOF Overweight 15 Positions Relative to SRS

Symbol	Grade	Weight
UNIT	B	4.25%
STAG	D	1.24%
TRNO	F	1.1%
IIPR	D	0.54%
IRT	A	0.42%
CTRE	C	0.41%
VRE	B	0.15%
PLYM	F	0.15%
LTC	B	0.14%
SILA	C	0.12%
UMH	B	0.12%
ELME	D	0.12%
NXRT	B	0.1%
CSR	B	0.09%
DHC	F	0.05%

ROOF Underweight 58 Positions Relative to SRS

Symbol	Grade	Weight
SPG	A	-3.53%
PSA	C	-2.58%
O	C	-1.94%
CSGP	D	-1.85%
WY	F	-1.8%
CBRE	B	-1.59%
BXP	C	-1.56%
EXR	C	-1.13%
WPC	C	-1.12%
NLY	C	-1.08%
HST	C	-1.0%
VNO	C	-0.83%
REG	A	-0.82%
AGNC	C	-0.77%
VICI	C	-0.76%
OHI	C	-0.74%
NNN	C	-0.74%
GLPI	C	-0.72%
FRT	B	-0.71%
IRM	C	-0.7%
JLL	D	-0.69%
KIM	A	-0.67%
KRC	B	-0.63%
LAMR	C	-0.62%
SLG	B	-0.58%
STWD	C	-0.56%
DEI	B	-0.54%
CUZ	B	-0.48%
BRX	A	-0.48%
CUBE	C	-0.47%
PK	C	-0.46%
HPP	F	-0.45%
EPR	C	-0.44%
HHH	B	-0.42%
HIW	C	-0.41%
BXMT	C	-0.39%
RHP	B	-0.37%
JBGS	F	-0.37%
HR	B	-0.36%
TWO	F	-0.32%
OUT	A	-0.32%
RYN	D	-0.32%
CIM	D	-0.31%
SVC	F	-0.31%
EQC	B	-0.31%
DSS	F	-0.28%
MFA	D	-0.28%
APLE	B	-0.26%
PEB	D	-0.26%
SHO	D	-0.24%
RLJ	C	-0.23%
PDM	D	-0.23%
PCH	F	-0.23%
BDN	C	-0.22%
PGRE	F	-0.22%
MAC	B	-0.22%
IVR	F	-0.19%
XHR	B	-0.18%