SEF vs. SPYD ETF Comparison

Comparison of ProShares Short Financials (SEF) to SPDR S&P 500 High Dividend ETF (SPYD)

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

$34.22

Average Daily Volume

11,534

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPYD

SPDR S&P 500 High Dividend ETF

SPYD Description

The investment seeks to track the performance of the S&P 500 High Dividend Index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the top 80 dividend-paying securities listed on the S&P 500® Index, based on dividend yield. The S&P 500 Index focuses on the large capitalization U.S. equity market, including common stock and real estate investment trusts ("REITs"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.73

Average Daily Volume

872,814

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SEF	SPYD
30 Days	-7.06%	2.04%
60 Days	-9.74%	2.97%
90 Days	-11.63%	5.83%
12 Months	-26.67%	36.63%

28 Overlapping Holdings

Symbol	Grade	Weight in SEF	Weight in SPYD	Overlap
ARE	D	0.32%	1.05%	0.32%
BXP	D	0.34%	1.34%	0.34%
CCI	D	1.02%	1.13%	1.02%
CFG	B	0.3%	1.27%	0.3%
CPT	B	0.18%	1.21%	0.18%
DOC	D	0.3%	1.15%	0.3%
EQR	B	0.48%	1.2%	0.48%
ESS	B	0.34%	1.21%	0.34%
EXR	D	0.24%	1.16%	0.24%
FITB	A	0.35%	1.31%	0.35%
HBAN	A	0.26%	1.36%	0.26%
HST	C	0.22%	1.15%	0.22%
KEY	B	0.32%	1.39%	0.32%
MAA	B	0.26%	1.26%	0.26%
MS	A	1.19%	1.5%	1.19%
MTB	A	0.36%	1.43%	0.36%
O	D	0.42%	1.13%	0.42%
PNC	B	1.13%	1.34%	1.13%
PRU	A	0.66%	1.18%	0.66%
PSA	D	0.56%	1.3%	0.56%
REG	B	0.18%	1.3%	0.18%
RF	A	0.27%	1.36%	0.27%
SPG	B	0.76%	1.38%	0.76%
TFC	A	1.27%	1.22%	1.22%
TROW	B	0.52%	1.19%	0.52%
UDR	B	0.23%	1.22%	0.23%
USB	A	1.32%	1.28%	1.28%
VTR	C	0.37%	1.36%	0.37%

SEF Overweight 69 Positions Relative to SPYD

Symbol	Grade	Weight
BRK.A	B	7.56%
JPM	A	7.27%
V	A	5.88%
MA	C	4.83%
BAC	A	4.46%
WFC	A	3.19%
C	A	2.98%
AMT	D	1.74%
AXP	A	1.49%
GS	A	1.34%
CME	A	1.25%
SPGI	C	1.22%
CB	C	1.17%
BLK	C	1.06%
PLD	D	1.0%
MMC	B	0.97%
SCHW	B	0.93%
ICE	C	0.91%
EQIX	A	0.84%
AON	A	0.83%
COF	B	0.81%
AIG	B	0.77%
PGR	A	0.75%
MCO	B	0.7%
MET	A	0.69%
BX	A	0.67%
AFL	B	0.66%
BK	A	0.65%
ALL	A	0.64%
TRV	B	0.61%
WELL	A	0.59%
AVB	B	0.51%
STT	A	0.5%
SBAC	D	0.48%
DLR	B	0.44%
WTW	B	0.44%
DFS	B	0.44%
MSCI	C	0.4%
CSGP	D	0.4%
WY	D	0.39%
NTRS	A	0.39%
AMP	A	0.37%
HIG	B	0.37%
SYF	B	0.36%
CBRE	B	0.34%
ACGL	D	0.31%
AJG	B	0.3%
INVH	D	0.28%
MKL	A	0.28%
CINF	A	0.27%
PFG	D	0.25%
MKTX	D	0.24%
WPC	D	0.24%
SUI	D	0.24%
L	A	0.23%
NLY	C	0.23%
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	B	0.18%
FDS	B	0.18%
VNO	B	0.18%
WRB	A	0.17%

SEF Underweight 52 Positions Relative to SPYD

Symbol	Grade	Weight
K	A	-1.61%
OKE	A	-1.53%
WMB	A	-1.52%
ETR	B	-1.52%
KVUE	A	-1.5%
KMI	A	-1.48%
BMY	B	-1.44%
IP	B	-1.42%
XEL	A	-1.41%
GILD	C	-1.38%
KIM	A	-1.36%
T	A	-1.35%
WEC	A	-1.34%
PM	B	-1.32%
EVRG	A	-1.3%
MO	A	-1.29%
IBM	C	-1.27%
PNW	B	-1.26%
EIX	B	-1.26%
D	C	-1.26%
VTRS	A	-1.25%
EXC	C	-1.23%
SO	D	-1.22%
IVZ	B	-1.22%
BBY	D	-1.21%
FRT	B	-1.21%
VICI	C	-1.2%
HAS	D	-1.2%
VZ	C	-1.2%
CVX	A	-1.19%
UPS	C	-1.19%
DUK	C	-1.18%
FE	C	-1.17%
AMCR	D	-1.16%
AEP	D	-1.16%
SWK	D	-1.13%
ES	D	-1.12%
GIS	D	-1.1%
FMC	D	-1.09%
KHC	F	-1.08%
BEN	C	-1.08%
ABBV	D	-1.07%
SJM	D	-1.05%
IPG	D	-1.05%
CVS	D	-1.04%
CAG	D	-1.02%
LYB	F	-0.99%
DOW	F	-0.94%
PFE	D	-0.94%
F	C	-0.92%
AES	F	-0.92%
WBA	F	-0.87%