SEF vs. KBWB ETF Comparison

Comparison of ProShares Short Financials (SEF) to PowerShares KBW Bank Portfolio ETF (KBWB)

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

$34.02

Average Daily Volume

11,256

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$71.33

Average Daily Volume

1,017,197

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	KBWB
30 Days	-8.55%	15.25%
60 Days	-11.18%	22.60%
90 Days	-11.43%	23.19%
12 Months	-26.95%	73.19%

19 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in KBWB	Overlap
BAC	A	4.46%	7.9%	4.46%
BK	A	0.65%	3.97%	0.65%
C	A	2.98%	3.8%	2.98%
CFG	B	0.3%	3.05%	0.3%
COF	B	0.81%	4.29%	0.81%
FITB	B	0.35%	3.78%	0.35%
GS	B	1.34%	7.94%	1.34%
HBAN	B	0.26%	3.78%	0.26%
JPM	B	7.27%	7.51%	7.27%
KEY	A	0.32%	2.65%	0.32%
MS	B	1.19%	8.9%	1.19%
MTB	B	0.36%	4.3%	0.36%
NTRS	A	0.39%	3.21%	0.39%
PNC	A	1.13%	3.85%	1.13%
RF	B	0.27%	3.52%	0.27%
STT	A	0.5%	3.8%	0.5%
TFC	B	1.27%	3.63%	1.27%
USB	A	1.32%	3.69%	1.32%
WFC	A	3.19%	8.73%	3.19%

SEF Overweight 78 Positions Relative to KBWB

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

SEF Underweight 5 Positions Relative to KBWB

Symbol	Grade	Weight
EWBC	B	-2.1%
FHN	B	-1.59%
WAL	B	-1.44%
CMA	A	-1.32%
ZION	B	-1.28%