SEF vs. QLV ETF Comparison

Comparison of ProShares Short Financials (SEF) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.09

Average Daily Volume

3,582

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	SEF	QLV
30 Days	-3.54%	2.04%
60 Days	-5.26%	5.15%
90 Days	-8.23%	6.23%
12 Months	-19.91%	26.75%

16 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in QLV	Overlap
ALL	B	0.64%	0.61%	0.61%
BRK.A	C	7.56%	0.59%	0.59%
CB	B	1.17%	0.76%	0.76%
CINF	B	0.27%	0.56%	0.27%
CME	C	1.25%	0.92%	0.92%
DLR	B	0.44%	0.56%	0.44%
EQIX	C	0.84%	0.59%	0.59%
JPM	D	7.27%	0.2%	0.2%
L	C	0.23%	0.11%	0.11%
MKL	C	0.28%	0.5%	0.28%
MMC	C	0.97%	0.06%	0.06%
PSA	B	0.56%	0.91%	0.56%
TRV	C	0.61%	0.64%	0.61%
V	C	5.88%	2.15%	2.15%
WRB	C	0.17%	0.55%	0.17%
WTW	C	0.44%	0.83%	0.44%

SEF Overweight 81 Positions Relative to QLV

Symbol	Grade	Weight
MA	B	4.83%
BAC	D	4.46%
WFC	D	3.19%
C	C	2.98%
AMT	C	1.74%
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%
CCI	C	1.02%
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%
PGR	B	0.75%
MCO	B	0.7%
MET	B	0.69%
BX	B	0.67%
PRU	C	0.66%
AFL	C	0.66%
BK	B	0.65%
WELL	C	0.59%
TROW	D	0.52%
AVB	B	0.51%
STT	A	0.5%
SBAC	C	0.48%
EQR	B	0.48%
DFS	B	0.44%
O	C	0.42%
MSCI	C	0.4%
CSGP	D	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%
AJG	D	0.3%
INVH	C	0.28%
RF	B	0.27%
HBAN	B	0.26%
MAA	B	0.26%
PFG	B	0.25%
MKTX	C	0.24%
WPC	C	0.24%
SUI	B	0.24%
EXR	B	0.24%
NLY	B	0.23%
UDR	C	0.23%
HST	C	0.22%
ELS	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%
FDS	C	0.18%
REG	C	0.18%
VNO	B	0.18%
CPT	B	0.18%

SEF Underweight 98 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	C	-7.68%
AAPL	C	-5.11%
NVDA	D	-4.13%
PG	C	-3.43%
LLY	C	-2.85%
MRK	D	-2.76%
AMZN	C	-2.13%
MCD	B	-1.97%
JNJ	C	-1.9%
IBM	B	-1.77%
VZ	B	-1.7%
PEP	C	-1.69%
T	C	-1.45%
LMT	C	-1.17%
ABBV	C	-1.15%
META	B	-1.14%
XOM	C	-1.13%
GILD	B	-0.98%
TMUS	C	-0.96%
DUK	C	-0.95%
ABT	C	-0.95%
ADP	B	-0.87%
ED	C	-0.87%
TXN	C	-0.87%
GIS	B	-0.86%
WEC	C	-0.84%
AMGN	B	-0.82%
ATR	B	-0.8%
TYL	C	-0.8%
K	B	-0.79%
CHKP	B	-0.79%
CHE	C	-0.78%
RGLD	C	-0.77%
DOX	C	-0.77%
AIZ	B	-0.77%
GOOGL	D	-0.76%
WDFC	C	-0.76%
QGEN	C	-0.75%
QLYS	F	-0.74%
LSTR	D	-0.74%
AVY	C	-0.72%
SO	B	-0.72%
REGN	C	-0.71%
STNG	D	-0.71%
WM	D	-0.66%
NOC	B	-0.65%
GD	B	-0.64%
SMMT	C	-0.62%
AEP	C	-0.59%
XEL	B	-0.59%
WCN	D	-0.59%
AZO	D	-0.58%
RSG	D	-0.58%
ZM	C	-0.58%
CTVA	B	-0.57%
AEE	C	-0.55%
CMS	C	-0.55%
ADC	C	-0.54%
HSY	C	-0.54%
JKHY	B	-0.54%
SON	C	-0.54%
PKG	B	-0.54%
PNW	C	-0.53%
TTEK	C	-0.53%
GOOG	D	-0.53%
BAH	C	-0.51%
SIGI	D	-0.51%
HII	D	-0.51%
SCI	B	-0.51%
FLO	C	-0.51%
DTM	B	-0.5%
TSCO	C	-0.5%
CTRA	D	-0.49%
CALM	A	-0.48%
BMRN	F	-0.48%
CHRW	B	-0.46%
HRL	C	-0.44%
NBIX	F	-0.43%
VRSK	D	-0.39%
NFG	B	-0.37%
CRUS	D	-0.36%
AVGO	C	-0.34%
SLGN	B	-0.32%
MCK	F	-0.3%
DDS	F	-0.25%
BMI	A	-0.25%
SQSP	A	-0.24%
EA	D	-0.21%
PM	C	-0.21%
ALKS	C	-0.19%
LIN	B	-0.19%
CAG	C	-0.16%
ADI	C	-0.16%
ROP	C	-0.14%
NCNO	D	-0.1%
UNH	C	-0.07%
CWAN	B	-0.07%
EXPD	C	-0.03%