SDP vs. MDIV ETF Comparison

Comparison of ProShares UltraShort Utilities (SDP) to Multi-Asset Diversified Income Index Fund (MDIV)

SDP

ProShares UltraShort Utilities

SDP 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. UtilitiesSM 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 utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$14.92

Average Daily Volume

35,154

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MDIV

Multi-Asset Diversified Income Index Fund

MDIV Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the NASDAQ Multi-Asset Diversified Income Index. The index is designed to provide access to a diversified portfolio of small, mid and large capitalization income producing securities, which are composed of domestic and international dividend-paying stocks, REITs, oil and gas or basic materials MLPs, U.S.-listed preferred securities and an index-based ETF that invests in high yield or "junk" bonds.

Grade (RS Rating)

Last Trade

$16.76

Average Daily Volume

87,595

Number of Holdings ^*

103

* may have additional holdings in another (foreign) market

Performance

Period	SDP	MDIV
30 Days	2.33%	1.81%
60 Days	-1.82%	1.08%
90 Days	-14.20%	3.36%
12 Months	-41.26%	18.42%

19 Overlapping Holdings

Symbol	Grade	Weight in SDP	Weight in MDIV	Overlap
AEP	D	4.77%	0.31%	0.31%
AVA	A	0.32%	0.43%	0.32%
BKH	A	0.49%	0.43%	0.43%
DUK	C	6.69%	0.34%	0.34%
EIX	B	2.7%	0.34%	0.34%
ES	D	2.81%	0.37%	0.37%
ETR	B	2.46%	0.44%	0.44%
EVRG	A	1.5%	0.44%	0.44%
EXC	C	4.51%	0.38%	0.38%
FE	C	2.6%	0.35%	0.35%
NFG	A	0.38%	0.32%	0.32%
NJR	A	0.41%	0.34%	0.34%
NWE	B	0.37%	0.45%	0.37%
OGS	A	0.49%	0.38%	0.38%
PNM	F	0.4%	0.39%	0.39%
POR	C	0.51%	0.36%	0.36%
SR	A	0.42%	0.42%	0.42%
WEC	A	2.98%	0.37%	0.37%
XEL	A	3.36%	0.39%	0.39%

SDP Overweight 27 Positions Relative to MDIV

Symbol	Grade	Weight
NEE	D	12.13%
SO	D	6.91%
D	C	6.77%
SRE	A	4.34%
ED	D	2.94%
PEG	A	2.93%
PPL	B	2.56%
DTE	C	2.52%
AWK	D	2.31%
AEE	A	1.92%
CMS	C	1.82%
LNT	A	1.35%
ATO	A	1.34%
AES	F	1.33%
CNP	B	1.33%
WTRG	B	1.07%
NI	A	1.06%
PNW	B	1.03%
VST	B	1.01%
NRG	B	0.95%
UGI	A	0.91%
MDU	D	0.58%
IDA	A	0.54%
HE	C	0.51%
ALE	A	0.42%
SWX	B	0.41%
AGR	B	0.28%

SDP Underweight 84 Positions Relative to MDIV

Symbol	Grade	Weight
HYLS	C	-20.0%
IEP	F	-1.51%
PMT	D	-1.47%
ARLP	A	-1.41%
DMLP	A	-1.3%
BSM	B	-1.28%
KRP	B	-1.27%
DKL	C	-1.2%
CAPL	D	-1.17%
USAC	B	-1.16%
AGNCN	B	-1.09%
APLE	B	-1.05%
LADR	B	-1.03%
EPR	D	-0.99%
GLP	A	-0.96%
MPLX	A	-0.95%
LTC	B	-0.94%
CQP	B	-0.92%
ET	A	-0.91%
NRP	B	-0.89%
WES	C	-0.86%
GTY	B	-0.84%
HST	C	-0.83%
EPD	A	-0.82%
FITBI	C	-0.79%
GLPI	C	-0.79%
CHSCO	C	-0.78%
SPG	B	-0.77%
CHSCL	C	-0.76%
SUN	B	-0.74%
AAT	B	-0.72%
CHSCN	D	-0.72%
RZC	C	-0.72%
PAA	B	-0.71%
VICI	C	-0.71%
IIPR	D	-0.71%
FCPT	C	-0.71%
CHSCM	D	-0.69%
PAGP	A	-0.67%
NHI	D	-0.65%
WU	D	-0.64%
NNN	D	-0.64%
BRX	A	-0.63%
ALEX	C	-0.62%
LAMR	D	-0.61%
VZ	C	-0.6%
CTRE	D	-0.6%
T	A	-0.6%
CDP	C	-0.58%
REG	B	-0.57%
MAA	B	-0.57%
PSA	D	-0.56%
CUBE	D	-0.56%
BMY	B	-0.55%
CHRD	D	-0.54%
ENLC	A	-0.51%
OKE	A	-0.51%
FANG	D	-0.47%
TROW	B	-0.46%
DTM	B	-0.45%
GILD	C	-0.44%
GEL	D	-0.44%
HMN	B	-0.42%
PINC	B	-0.42%
LYB	F	-0.41%
CVX	A	-0.41%
PRU	A	-0.4%
VTRS	A	-0.39%
CAG	D	-0.38%
KHC	F	-0.38%
FLO	D	-0.37%
DVN	F	-0.36%
PNC	B	-0.36%
MSM	C	-0.36%
DRI	B	-0.36%
IBM	C	-0.34%
IPG	D	-0.34%
SJM	D	-0.33%
FAF	A	-0.33%
SON	D	-0.32%
KMB	D	-0.31%
MDT	D	-0.31%
GIS	D	-0.3%
NMM	D	-0.05%