SEF vs. KBE ETF Comparison

Comparison of ProShares Short Financials (SEF) to SPDR S&P Bank ETF (KBE)

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

$9.65

Average Daily Volume

71,834

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$51.32

Average Daily Volume

1,902,124

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	KBE
30 Days	1.71%	-4.12%
60 Days	-5.91%	3.43%
90 Days	-6.54%	11.95%
12 Months	-24.13%	49.44%

16 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in KBE	Overlap
BAC	D	4.46%	1.16%	1.16%
BK	C	0.65%	1.18%	0.65%
C	B	2.98%	1.22%	1.22%
CFG	D	0.3%	1.16%	0.3%
EQH	C	0.19%	1.19%	0.19%
FITB	C	0.35%	1.15%	0.35%
HBAN	D	0.26%	1.15%	0.26%
JPM	D	7.27%	1.17%	1.17%
KEY	C	0.32%	1.18%	0.32%
MTB	C	0.36%	1.19%	0.36%
NTRS	C	0.39%	1.17%	0.39%
PNC	C	1.13%	1.18%	1.13%
RF	C	0.27%	1.18%	0.27%
TFC	D	1.27%	1.14%	1.14%
USB	C	1.32%	1.16%	1.16%
WFC	D	3.19%	1.18%	1.18%

SEF Overweight 81 Positions Relative to KBE

Symbol	Grade	Weight
BRK.A	C	7.56%
V	C	5.88%
MA	A	4.83%
AMT	C	1.74%
AXP	A	1.49%
GS	C	1.34%
CME	A	1.25%
SPGI	C	1.22%
MS	B	1.19%
CB	A	1.17%
BLK	A	1.06%
CCI	C	1.02%
PLD	D	1.0%
MMC	D	0.97%
SCHW	D	0.93%
ICE	A	0.91%
EQIX	B	0.84%
AON	A	0.83%
COF	C	0.81%
AIG	F	0.77%
SPG	A	0.76%
PGR	C	0.75%
MCO	D	0.7%
MET	A	0.69%
BX	C	0.67%
PRU	C	0.66%
AFL	A	0.66%
ALL	B	0.64%
TRV	C	0.61%
WELL	C	0.59%
PSA	C	0.56%
TROW	D	0.52%
AVB	C	0.51%
STT	C	0.5%
SBAC	B	0.48%
EQR	C	0.48%
DLR	C	0.44%
WTW	B	0.44%
DFS	C	0.44%
O	A	0.42%
MSCI	B	0.4%
CSGP	F	0.4%
WY	B	0.39%
AMP	A	0.37%
VTR	C	0.37%
HIG	A	0.37%
SYF	B	0.36%
BXP	C	0.34%
CBRE	A	0.34%
ESS	C	0.34%
ARE	D	0.32%
ACGL	A	0.31%
DOC	C	0.3%
AJG	D	0.3%
INVH	D	0.28%
MKL	C	0.28%
CINF	A	0.27%
MAA	C	0.26%
PFG	C	0.25%
MKTX	C	0.24%
WPC	C	0.24%
SUI	D	0.24%
EXR	C	0.24%
L	D	0.23%
NLY	C	0.23%
UDR	C	0.23%
HST	D	0.22%
ELS	D	0.22%
FNF	A	0.22%
NDAQ	C	0.21%
RJF	B	0.2%
LNC	D	0.2%
EG	B	0.19%
MPW	C	0.19%
ALLY	F	0.19%
GL	C	0.18%
FDS	C	0.18%
REG	C	0.18%
VNO	A	0.18%
CPT	C	0.18%
WRB	B	0.17%

SEF Underweight 76 Positions Relative to KBE

Symbol	Grade	Weight
APO	A	-1.24%
JXN	A	-1.22%
TBBK	C	-1.21%
VLY	C	-1.2%
WBS	D	-1.2%
FCNCA	D	-1.2%
PNFP	D	-1.19%
WAL	C	-1.19%
COLB	C	-1.19%
AX	D	-1.18%
CRBG	C	-1.18%
ABCB	C	-1.18%
CMA	C	-1.18%
EWBC	D	-1.17%
FFIN	D	-1.17%
BANC	D	-1.17%
GBCI	C	-1.17%
SSB	C	-1.17%
WD	C	-1.17%
VOYA	A	-1.16%
CFR	D	-1.16%
WTFC	D	-1.16%
HWC	D	-1.16%
BPOP	D	-1.16%
FULT	D	-1.16%
UMBF	C	-1.15%
UBSI	D	-1.15%
OZK	F	-1.15%
ZION	D	-1.15%
MTG	B	-1.15%
FBP	D	-1.15%
TCBI	C	-1.15%
HOMB	D	-1.15%
RDN	D	-1.14%
ESNT	C	-1.14%
NMIH	C	-1.14%
BKU	D	-1.14%
ONB	D	-1.14%
ASB	F	-1.14%
FNB	D	-1.14%
CADE	D	-1.14%
PB	D	-1.13%
CBSH	D	-1.13%
SNV	D	-1.13%
BOH	D	-1.13%
FIBK	D	-1.13%
FHN	D	-1.12%
COOP	B	-1.1%
PFSI	C	-1.1%
RKT	C	-1.1%
AUB	D	-1.05%
EBC	D	-1.03%
PFS	D	-1.0%
BOKF	D	-0.98%
CBU	D	-0.96%
CVBF	B	-0.92%
INDB	D	-0.92%
CATY	D	-0.91%
WAFD	D	-0.91%
UCBI	B	-0.9%
SFBS	D	-0.89%
FHB	D	-0.87%
IBOC	D	-0.85%
RNST	D	-0.82%
WSFS	D	-0.81%
IBTX	D	-0.8%
PPBI	F	-0.8%
SBCF	D	-0.75%
BANR	C	-0.69%
HTH	D	-0.66%
SFNC	C	-0.63%
FFBC	D	-0.6%
TRMK	D	-0.58%
FRME	D	-0.55%
LKFN	F	-0.46%
WSBC	D	-0.42%