SEF vs. DFND ETF Comparison

Comparison of ProShares Short Financials (SEF) to Realty Shares DIVCON Dividend Defender ETF (DFND)

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.93

Average Daily Volume

13,313

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DFND

Realty Shares DIVCON Dividend Defender ETF

DFND Description

The investment seeks long-term capital appreciation by tracking the performance, before fees and expenses, of the Reality Shares DIVCON Dividend Defender Index. The index is designed to select the companies for a long position that have the highest probability of increasing their dividend in a 12-month period and select the companies for a short position that have the highest probability of decreasing their dividend in a 12-month period. Under normal circumstances, at least 80% of the fund's assets (other than collateral held from securities lending, if any) will be invested in component securities of the benchmark index. It is non-diversified.

Grade (RS Rating)

Last Trade

$43.06

Average Daily Volume

788

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	DFND
30 Days	-3.85%	6.22%
60 Days	-7.97%	2.58%
90 Days	-11.07%	13.82%
12 Months	-25.39%	13.61%

10 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in DFND	Overlap
AON	B	0.83%	1.53%	0.83%
CB	C	1.17%	1.35%	1.17%
CME	A	1.25%	1.24%	1.24%
FDS	B	0.18%	2.12%	0.18%
GL	C	0.18%	0.93%	0.18%
MA	B	4.83%	1.75%	1.75%
MCO	D	0.7%	1.81%	0.7%
MMC	D	0.97%	1.22%	0.97%
MSCI	B	0.4%	1.29%	0.4%
V	A	5.88%	2.65%	2.65%

SEF Overweight 87 Positions Relative to DFND

Symbol	Grade	Weight
BRK.A	B	7.56%
JPM	A	7.27%
BAC	A	4.46%
WFC	A	3.19%
C	B	2.98%
AMT	D	1.74%
AXP	B	1.49%
GS	B	1.34%
USB	B	1.32%
TFC	A	1.27%
SPGI	D	1.22%
MS	A	1.19%
PNC	B	1.13%
BLK	B	1.06%
CCI	C	1.02%
PLD	D	1.0%
SCHW	A	0.93%
ICE	C	0.91%
EQIX	A	0.84%
COF	B	0.81%
AIG	C	0.77%
SPG	A	0.76%
PGR	B	0.75%
MET	A	0.69%
BX	A	0.67%
PRU	B	0.66%
AFL	C	0.66%
BK	B	0.65%
ALL	A	0.64%
TRV	A	0.61%
WELL	A	0.59%
PSA	C	0.56%
TROW	B	0.52%
AVB	B	0.51%
STT	B	0.5%
SBAC	D	0.48%
EQR	C	0.48%
DLR	A	0.44%
WTW	B	0.44%
DFS	B	0.44%
O	C	0.42%
CSGP	F	0.4%
WY	D	0.39%
NTRS	A	0.39%
AMP	A	0.37%
VTR	B	0.37%
HIG	B	0.37%
SYF	B	0.36%
MTB	A	0.36%
FITB	B	0.35%
BXP	D	0.34%
CBRE	B	0.34%
ESS	A	0.34%
ARE	F	0.32%
KEY	B	0.32%
ACGL	D	0.31%
CFG	B	0.3%
DOC	D	0.3%
AJG	B	0.3%
INVH	D	0.28%
MKL	A	0.28%
RF	A	0.27%
CINF	A	0.27%
HBAN	B	0.26%
MAA	A	0.26%
PFG	C	0.25%
MKTX	D	0.24%
WPC	C	0.24%
SUI	C	0.24%
EXR	C	0.24%
L	A	0.23%
NLY	C	0.23%
UDR	C	0.23%
HST	D	0.22%
ELS	B	0.22%
FNF	A	0.22%
NDAQ	A	0.21%
RJF	A	0.2%
LNC	B	0.2%
EG	D	0.19%
MPW	F	0.19%
ALLY	C	0.19%
EQH	B	0.19%
REG	A	0.18%
VNO	C	0.18%
CPT	C	0.18%
WRB	B	0.17%

SEF Underweight 60 Positions Relative to DFND

Symbol	Grade	Weight
CTAS	B	-2.68%
SNA	B	-2.64%
KLAC	F	-2.56%
VRSK	B	-2.41%
GWW	B	-2.28%
PG	C	-2.26%
NDSN	D	-2.24%
SHW	C	-2.22%
MCD	D	-2.19%
BRO	B	-2.17%
LMT	D	-2.13%
MPC	D	-2.03%
CMI	A	-2.03%
PHM	D	-2.03%
MSI	B	-1.89%
PPG	F	-1.78%
ETN	B	-1.75%
MPWR	F	-1.72%
ITW	B	-1.7%
AMAT	F	-1.63%
ROK	B	-1.55%
ALLE	D	-1.53%
DHI	D	-1.5%
CSCO	B	-1.49%
J	D	-1.46%
ADI	D	-1.44%
HON	B	-1.37%
HSY	F	-1.33%
HUBB	B	-1.33%
CBOE	C	-1.24%
LIN	D	-1.21%
COST	A	-1.21%
CMCSA	B	-1.15%
FAST	B	-1.14%
LW	C	-1.13%
AOS	F	-1.11%
MSFT	D	-0.98%
ALB	B	-0.98%
AAPL	C	-0.94%
AVGO	C	-0.91%
ODFL	B	-0.89%
MLM	B	-0.84%
INTU	B	-0.76%
BR	B	-0.73%
ACN	C	-0.33%
MCHP	F	-0.09%
PARA	D	--0.32%
APA	F	--0.79%
DVN	F	--1.1%
VFC	C	--1.12%
INTC	C	--1.12%
NWS	A	--1.97%
FCX	F	--1.98%
LUV	B	--1.99%
T	A	--2.18%
SW	A	--2.22%
IP	A	--2.32%
F	C	--2.36%
CNP	A	--2.57%
D	C	--3.01%