SDD vs. QDF ETF Comparison

Comparison of ProShares UltraShort SmallCap600 (SDD) to FlexShares Quality Dividend Index Fund (QDF)

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

$15.51

Average Daily Volume

5,142

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QDF

FlexShares Quality Dividend Index Fund

QDF Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Quality Dividend IndexSM. The fund generally will invest under normal circumstances at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to provide exposure to a high-quality, income-oriented portfolio of U.S. equity securities, with an emphasis on long-term capital growth and a targeted overall volatility similar to that of the Northern Trust 1250 IndexSM (the "Parent Index"). It may also invest up to 20% of its assets in cash and cash equivalents.

Grade (RS Rating)

Last Trade

$71.29

Average Daily Volume

46,224

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	SDD	QDF
30 Days	-2.98%	0.63%
60 Days	-3.56%	3.33%
90 Days	-17.11%	4.89%
12 Months	-31.10%	24.21%

3 Overlapping Holdings

Symbol	Grade	Weight in SDD	Weight in QDF	Overlap
IRDM	D	0.33%	0.31%	0.31%
WDFC	B	0.34%	0.44%	0.34%
WING	B	0.35%	0.25%	0.25%

SDD Overweight 89 Positions Relative to QDF

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

SDD Underweight 122 Positions Relative to QDF

Symbol	Grade	Weight
AAPL	D	-8.27%
MSFT	C	-5.21%
NVDA	D	-4.94%
JNJ	B	-3.32%
PG	C	-3.22%
ABBV	C	-3.1%
META	A	-3.04%
KO	B	-2.57%
ACN	C	-1.98%
QCOM	D	-1.74%
GOOGL	D	-1.69%
INTU	D	-1.69%
HD	B	-1.68%
GOOG	D	-1.49%
PM	C	-1.38%
UNP	B	-1.37%
LOW	B	-1.23%
ADP	B	-1.06%
GILD	B	-0.96%
LRCX	F	-0.95%
KLAC	D	-0.92%
NKE	D	-0.9%
AVGO	C	-0.89%
MO	C	-0.84%
ZTS	B	-0.83%
MS	D	-0.75%
SBUX	C	-0.74%
ITW	B	-0.71%
MMM	B	-0.69%
CAT	C	-0.69%
LMT	C	-0.68%
PSA	B	-0.66%
JPM	D	-0.65%
EBAY	B	-0.62%
PAYX	C	-0.62%
BK	A	-0.62%
AFL	B	-0.62%
FIS	B	-0.61%
D	C	-0.61%
AVB	B	-0.6%
VRT	C	-0.6%
MAA	B	-0.59%
FAST	C	-0.59%
PEG	B	-0.59%
PRU	C	-0.58%
EQR	B	-0.58%
NSA	B	-0.57%
MRK	D	-0.56%
VIRT	B	-0.55%
NXPI	D	-0.55%
MPC	D	-0.55%
OHI	A	-0.55%
WTW	B	-0.54%
CPT	B	-0.54%
MCHP	D	-0.54%
ORI	A	-0.53%
VLO	D	-0.53%
EA	D	-0.53%
MET	A	-0.53%
KTB	B	-0.52%
IPG	C	-0.52%
RDN	B	-0.52%
STWD	A	-0.52%
JHG	B	-0.51%
CHRW	B	-0.51%
NEP	D	-0.5%
BPOP	C	-0.5%
CMA	B	-0.5%
OGE	B	-0.5%
WU	D	-0.5%
IVZ	C	-0.49%
FAF	B	-0.49%
UGI	C	-0.49%
XOM	D	-0.48%
DVN	F	-0.48%
SMG	C	-0.48%
WSM	C	-0.47%
SWKS	F	-0.47%
SNA	B	-0.45%
POOL	C	-0.45%
OMF	C	-0.45%
WY	C	-0.45%
TPR	C	-0.44%
NUE	F	-0.42%
EVRG	A	-0.42%
HST	D	-0.42%
CUBE	B	-0.42%
WMS	D	-0.41%
TT	B	-0.4%
CTAS	C	-0.38%
V	B	-0.38%
PFG	B	-0.38%
SCCO	D	-0.36%
ALLY	F	-0.35%
EIX	C	-0.35%
LNC	D	-0.34%
CFR	C	-0.34%
RHI	D	-0.33%
APLE	D	-0.33%
BR	D	-0.29%
OLN	D	-0.27%
NNN	B	-0.27%
MA	B	-0.26%
COST	C	-0.24%
NTAP	D	-0.22%
RMD	C	-0.19%
HRB	C	-0.18%
CL	C	-0.17%
PNW	B	-0.16%
DPZ	F	-0.16%
BSY	D	-0.14%
PAYC	D	-0.13%
WMT	B	-0.12%
EXP	B	-0.08%
WFRD	F	-0.07%
CSWI	B	-0.06%
BKNG	B	-0.06%
MAR	C	-0.04%
COP	D	-0.04%
STNG	D	-0.02%
BAC	D	-0.02%
BBWI	F	-0.01%