SEF vs. FDLO ETF Comparison

Comparison of ProShares Short Financials (SEF) to Fidelity Low Volatility Factor ETF (FDLO)

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

$9.61

Average Daily Volume

74,186

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$60.91

Average Daily Volume

89,785

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	SEF	FDLO
30 Days	-3.54%	2.72%
60 Days	-5.26%	5.11%
90 Days	-8.23%	6.79%
12 Months	-19.91%	23.48%

22 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in FDLO	Overlap
AJG	D	0.3%	0.62%	0.3%
AMT	C	1.74%	0.36%	0.36%
BRK.A	C	7.56%	2.09%	2.09%
CB	B	1.17%	0.73%	0.73%
CCI	C	1.02%	0.24%	0.24%
CME	C	1.25%	0.69%	0.69%
CSGP	D	0.4%	0.2%	0.2%
DLR	B	0.44%	0.24%	0.24%
ELS	C	0.22%	0.17%	0.17%
EQIX	C	0.84%	0.3%	0.3%
EQR	B	0.48%	0.2%	0.2%
FDS	C	0.18%	0.55%	0.18%
JPM	D	7.27%	1.63%	1.63%
MA	B	4.83%	1.28%	1.28%
MAA	B	0.26%	0.19%	0.19%
MMC	C	0.97%	0.71%	0.71%
O	C	0.42%	0.25%	0.25%
PGR	B	0.75%	0.84%	0.75%
PSA	B	0.56%	0.27%	0.27%
TRV	C	0.61%	0.63%	0.61%
V	C	5.88%	1.38%	1.38%
WRB	C	0.17%	0.53%	0.17%

SEF Overweight 75 Positions Relative to FDLO

Symbol	Grade	Weight
BAC	D	4.46%
WFC	D	3.19%
C	C	2.98%
AXP	B	1.49%
GS	C	1.34%
USB	B	1.32%
TFC	C	1.27%
SPGI	B	1.22%
MS	D	1.19%
PNC	B	1.13%
BLK	B	1.06%
PLD	C	1.0%
SCHW	D	0.93%
ICE	C	0.91%
AON	B	0.83%
COF	B	0.81%
AIG	D	0.77%
SPG	B	0.76%
MCO	B	0.7%
MET	B	0.69%
BX	B	0.67%
PRU	C	0.66%
AFL	C	0.66%
BK	B	0.65%
ALL	B	0.64%
WELL	C	0.59%
TROW	D	0.52%
AVB	B	0.51%
STT	A	0.5%
SBAC	C	0.48%
WTW	C	0.44%
DFS	B	0.44%
MSCI	C	0.4%
WY	C	0.39%
NTRS	A	0.39%
AMP	A	0.37%
VTR	C	0.37%
HIG	B	0.37%
SYF	C	0.36%
MTB	B	0.36%
FITB	B	0.35%
BXP	B	0.34%
CBRE	A	0.34%
ESS	B	0.34%
ARE	C	0.32%
KEY	B	0.32%
ACGL	C	0.31%
CFG	C	0.3%
DOC	C	0.3%
INVH	C	0.28%
MKL	C	0.28%
RF	B	0.27%
CINF	B	0.27%
HBAN	B	0.26%
PFG	B	0.25%
MKTX	C	0.24%
WPC	C	0.24%
SUI	B	0.24%
EXR	B	0.24%
L	C	0.23%
NLY	B	0.23%
UDR	C	0.23%
HST	C	0.22%
FNF	B	0.22%
NDAQ	A	0.21%
RJF	C	0.2%
LNC	D	0.2%
EG	C	0.19%
MPW	C	0.19%
ALLY	F	0.19%
EQH	C	0.19%
GL	C	0.18%
REG	C	0.18%
VNO	B	0.18%
CPT	B	0.18%

SEF Underweight 103 Positions Relative to FDLO

Symbol	Grade	Weight
AAPL	C	-7.33%
MSFT	C	-7.19%
GOOGL	D	-3.68%
AMZN	C	-3.64%
LLY	C	-1.98%
ORCL	C	-1.76%
ACN	C	-1.61%
IBM	B	-1.6%
UNH	C	-1.57%
CSCO	C	-1.54%
TXN	C	-1.52%
MSI	B	-1.36%
JNJ	C	-1.28%
ROP	C	-1.24%
TYL	C	-1.19%
ABBV	C	-1.18%
AKAM	D	-1.16%
DOX	C	-1.12%
VRSN	D	-1.11%
HD	B	-1.1%
XOM	C	-1.1%
MRK	D	-1.07%
PG	C	-1.03%
VZ	B	-1.0%
T	C	-0.96%
TMO	B	-0.96%
ABT	C	-0.93%
WMT	C	-0.91%
CMCSA	D	-0.87%
TMUS	C	-0.84%
AMGN	B	-0.84%
MCD	B	-0.81%
KO	C	-0.77%
REGN	C	-0.76%
SBUX	C	-0.71%
VRTX	D	-0.71%
PEP	C	-0.7%
UNP	C	-0.68%
LOW	B	-0.66%
EA	D	-0.65%
TJX	B	-0.65%
HON	D	-0.64%
LMT	C	-0.63%
BDX	D	-0.63%
PM	C	-0.62%
ADP	B	-0.62%
ETN	C	-0.61%
CVX	D	-0.6%
CBOE	C	-0.59%
NKE	D	-0.58%
ERIE	B	-0.57%
LIN	B	-0.56%
NOC	B	-0.54%
AIZ	B	-0.54%
WM	D	-0.53%
ITW	C	-0.52%
JKHY	B	-0.52%
GD	B	-0.52%
ORLY	C	-0.5%
RSG	D	-0.48%
AZO	D	-0.48%
PAYX	C	-0.48%
TSCO	C	-0.47%
FAST	C	-0.47%
GRMN	D	-0.46%
LHX	C	-0.46%
OTIS	C	-0.45%
MDLZ	B	-0.44%
BAH	C	-0.44%
J	C	-0.41%
CL	D	-0.41%
SO	B	-0.39%
HII	D	-0.39%
FCN	D	-0.39%
COP	D	-0.38%
DUK	C	-0.37%
GIS	B	-0.33%
KMB	D	-0.33%
SHW	B	-0.3%
AEP	C	-0.3%
XEL	B	-0.28%
HSY	C	-0.28%
EOG	D	-0.28%
WEC	C	-0.27%
WMB	B	-0.27%
ED	C	-0.27%
ECL	B	-0.25%
LNG	C	-0.24%
KMI	B	-0.24%
APD	B	-0.24%
CMS	C	-0.24%
AEE	C	-0.24%
CTVA	B	-0.21%
CTRA	D	-0.18%
PKG	B	-0.17%
VMC	D	-0.17%
AMH	C	-0.17%
MLM	D	-0.17%
DTM	B	-0.17%
ADC	C	-0.16%
AMCR	B	-0.16%
AVY	C	-0.16%
ATR	B	-0.15%