SMDY vs. SDD ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to ProShares UltraShort SmallCap600 (SDD)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$45.06

Average Daily Volume

467

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.37

Average Daily Volume

5,117

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	SDD
30 Days	2.98%	-8.79%
60 Days	3.03%	-7.47%
90 Days	6.15%	-20.69%
12 Months	21.46%	-34.99%

22 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in SDD	Overlap
ADC	C	0.08%	0.39%	0.08%
AIT	A	0.08%	0.33%	0.08%
BLD	D	0.14%	0.48%	0.14%
COLB	B	0.08%	0.35%	0.08%
CROX	D	0.24%	0.36%	0.24%
DAR	F	0.28%	0.61%	0.28%
EXLS	B	0.23%	0.31%	0.23%
EXPO	A	0.16%	0.47%	0.16%
GBCI	B	0.08%	0.49%	0.08%
GTLS	F	0.08%	0.32%	0.08%
IRDM	D	1.19%	0.33%	0.33%
LAD	D	0.48%	0.41%	0.41%
MEDP	F	0.34%	0.32%	0.32%
NEOG	D	0.14%	0.47%	0.14%
ONB	C	0.07%	0.4%	0.07%
POWI	F	0.36%	0.39%	0.36%
QLYS	F	0.69%	0.36%	0.36%
SAIA	D	0.16%	0.32%	0.16%
SSD	D	0.09%	0.43%	0.09%
UFPI	C	0.06%	0.38%	0.06%
WING	B	0.58%	0.35%	0.35%
WTS	C	0.1%	0.36%	0.1%

SMDY Overweight 369 Positions Relative to SDD

Symbol	Grade	Weight
SMG	C	1.79%
FYBR	C	1.61%
COTY	F	1.59%
DOCS	B	1.48%
CIEN	C	1.35%
LITE	B	1.34%
ZD	D	1.0%
DT	C	0.84%
SBRA	C	0.74%
OHI	B	0.71%
ACHC	C	0.68%
THC	A	0.67%
LNW	B	0.67%
ARMK	B	0.65%
WEN	C	0.6%
COKE	C	0.56%
TXRH	C	0.55%
EXEL	C	0.52%
HALO	C	0.52%
DLB	D	0.51%
UTHR	C	0.5%
ERIE	B	0.49%
AMKR	F	0.49%
POST	C	0.48%
TOL	B	0.47%
KBH	A	0.47%
PAG	D	0.46%
ILMN	C	0.46%
CRUS	D	0.46%
TMHC	A	0.46%
BRBR	C	0.45%
MTSI	D	0.44%
WBS	D	0.43%
PRGO	D	0.43%
CYTK	F	0.43%
AN	D	0.43%
RGEN	F	0.42%
SF	A	0.42%
SLAB	D	0.42%
CNO	B	0.41%
SRPT	D	0.41%
PSTG	F	0.41%
SFM	B	0.4%
IBKR	B	0.4%
ASB	D	0.4%
NVST	D	0.4%
GMED	D	0.4%
CVLT	B	0.39%
ONTO	D	0.39%
JAZZ	D	0.39%
LSCC	D	0.38%
PRI	B	0.38%
NBIX	F	0.37%
UNM	B	0.37%
SYNA	F	0.37%
HRB	C	0.36%
ALGM	F	0.36%
MKSI	F	0.36%
LIVN	D	0.35%
MANH	B	0.35%
MTG	B	0.35%
DBX	D	0.35%
FNF	B	0.35%
FAF	B	0.35%
ENOV	D	0.35%
BURL	B	0.34%
HAE	F	0.34%
PCTY	C	0.34%
KMPR	D	0.34%
BMRN	F	0.34%
CPRI	D	0.34%
RNR	C	0.34%
INGR	B	0.33%
ESNT	B	0.33%
DUOL	B	0.33%
USFD	B	0.33%
AMG	C	0.33%
EQH	C	0.33%
PPC	D	0.33%
WEX	C	0.33%
BLKB	C	0.33%
AZTA	F	0.33%
BHF	F	0.33%
TGNA	D	0.32%
MORN	C	0.32%
CAR	F	0.32%
JHG	B	0.32%
GHC	B	0.32%
ARWR	F	0.32%
NYT	C	0.31%
CRI	D	0.31%
ESAB	C	0.31%
MIDD	D	0.31%
PFGC	B	0.31%
FHI	A	0.31%
RMBS	F	0.31%
TKO	B	0.31%
NXST	D	0.31%
SEIC	C	0.3%
CG	D	0.3%
LOPE	D	0.3%
FLO	C	0.3%
APPF	D	0.3%
JWN	C	0.3%
RGA	C	0.3%
VOYA	B	0.3%
MMS	C	0.29%
COLM	C	0.29%
POR	C	0.28%
IDA	C	0.28%
ALTR	C	0.28%
TEX	F	0.28%
OGE	C	0.28%
MSA	D	0.28%
LECO	F	0.28%
HQY	C	0.27%
LANC	D	0.27%
NSP	F	0.27%
WMG	D	0.27%
DKS	D	0.27%
OSK	F	0.27%
SAM	F	0.27%
WU	F	0.27%
NWE	B	0.27%
PNM	B	0.27%
OPCH	C	0.26%
OGS	B	0.26%
ZI	D	0.26%
ST	D	0.26%
TDC	F	0.26%
BJ	D	0.26%
EEFT	D	0.26%
SKX	D	0.26%
SLM	D	0.26%
SHC	C	0.25%
TTC	D	0.25%
FIVE	D	0.25%
HOG	C	0.25%
AGCO	D	0.25%
VNT	F	0.25%
EHC	C	0.25%
THO	D	0.24%
G	C	0.24%
PVH	F	0.24%
AMED	C	0.24%
MUSA	D	0.24%
CHE	C	0.24%
CGNX	F	0.24%
DTM	B	0.24%
OLLI	C	0.24%
NJR	B	0.24%
SR	B	0.24%
PLNT	B	0.24%
ORA	C	0.24%
ALE	B	0.24%
BKH	B	0.24%
IPGP	F	0.23%
BC	C	0.23%
SAIC	C	0.23%
M	F	0.23%
GAP	F	0.23%
PII	D	0.23%
CUBE	B	0.23%
CELH	F	0.23%
SCI	B	0.23%
NFG	B	0.23%
CASY	D	0.22%
AMH	C	0.22%
JEF	B	0.22%
AM	C	0.22%
KEX	C	0.22%
IRT	B	0.22%
AYI	B	0.22%
NSA	B	0.22%
WTRG	D	0.22%
UGI	C	0.22%
ELS	C	0.22%
WSM	D	0.21%
ENS	D	0.21%
RYAN	D	0.21%
LFUS	C	0.21%
CACI	B	0.21%
SWX	C	0.21%
ALLY	F	0.21%
CNXC	F	0.21%
RH	B	0.21%
GME	F	0.2%
THG	B	0.2%
LNTH	D	0.2%
PGNY	F	0.2%
RGLD	C	0.19%
XRAY	D	0.19%
KNSL	C	0.19%
KNX	C	0.19%
PEN	D	0.19%
AVTR	B	0.19%
ORI	B	0.19%
BCO	B	0.19%
NVT	D	0.18%
JLL	B	0.18%
XPO	D	0.18%
AFG	B	0.18%
GNTX	F	0.18%
SRCL	A	0.18%
GXO	D	0.18%
RBA	B	0.18%
CLH	A	0.18%
DINO	F	0.18%
VC	F	0.18%
UAA	C	0.17%
LII	B	0.17%
WHR	D	0.17%
MAT	C	0.17%
KD	D	0.17%
HLI	B	0.17%
EVR	A	0.17%
LSTR	D	0.17%
RLI	B	0.17%
FLR	D	0.17%
NOV	F	0.16%
PBF	F	0.16%
TTEK	C	0.16%
ACM	B	0.16%
FIX	B	0.16%
RS	D	0.16%
KNF	B	0.16%
RCM	C	0.16%
UA	D	0.16%
ANF	D	0.16%
X	F	0.16%
SIGI	D	0.16%
CHX	F	0.16%
ELF	F	0.16%
TPX	C	0.16%
MP	D	0.16%
CMC	D	0.16%
R	A	0.16%
AA	D	0.15%
MTZ	B	0.15%
FCN	D	0.15%
GATX	D	0.15%
GLPI	C	0.15%
ASGN	D	0.15%
YETI	D	0.15%
BRKR	D	0.15%
FND	C	0.15%
EXP	B	0.15%
KBR	D	0.14%
VNO	B	0.14%
MDU	C	0.14%
WFRD	F	0.14%
PCH	C	0.14%
MAN	C	0.14%
UMBF	B	0.14%
EME	B	0.14%
BYD	C	0.14%
CBSH	C	0.13%
CLF	F	0.13%
MASI	F	0.13%
COHR	C	0.13%
CHDN	C	0.13%
NOVT	D	0.13%
BDC	B	0.13%
VAL	F	0.13%
RYN	C	0.13%
TCBI	B	0.13%
LPX	B	0.13%
FHN	D	0.12%
OLED	C	0.12%
TREX	D	0.12%
CUZ	B	0.12%
HWC	D	0.12%
WTFC	B	0.12%
CFR	C	0.12%
KRC	B	0.11%
AXTA	B	0.1%
GGG	C	0.1%
VSH	F	0.1%
WH	B	0.1%
AVNT	B	0.1%
RPM	B	0.1%
CHH	C	0.1%
CBT	B	0.1%
ADNT	F	0.09%
STAG	C	0.09%
REXR	C	0.09%
HGV	F	0.09%
ASH	D	0.09%
WPC	C	0.09%
ATR	B	0.09%
AAON	B	0.09%
RBC	C	0.09%
FR	B	0.09%
WLK	D	0.09%
ALV	F	0.09%
PK	D	0.09%
TNL	D	0.09%
H	C	0.09%
HXL	F	0.09%
HELE	D	0.09%
DCI	C	0.09%
VVV	D	0.09%
NEU	D	0.09%
FLS	D	0.09%
MTN	D	0.09%
LEA	F	0.09%
PB	B	0.08%
MSM	D	0.08%
TPL	B	0.08%
OC	D	0.08%
BWXT	D	0.08%
PNFP	B	0.08%
KRG	B	0.08%
CR	C	0.08%
RRX	C	0.08%
VAC	F	0.08%
BRX	B	0.08%
VLY	C	0.08%
CSL	B	0.08%
WMS	D	0.08%
FFIN	B	0.08%
TKR	D	0.08%
CNX	B	0.08%
OLN	D	0.08%
SSB	B	0.08%
VMI	D	0.08%
CW	B	0.08%
EGP	B	0.08%
FNB	C	0.07%
OZK	D	0.07%
WWD	D	0.07%
CACC	F	0.07%
IBOC	D	0.07%
EWBC	D	0.07%
WCC	D	0.07%
ZION	D	0.07%
WSO	C	0.07%
CC	F	0.07%
AVT	C	0.07%
CADE	C	0.07%
HOMB	B	0.07%
UBSI	B	0.07%
ARW	C	0.07%
SNV	C	0.07%
LAMR	B	0.07%
GT	F	0.07%
NNN	C	0.07%
EPR	B	0.07%
ITT	B	0.07%
AR	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CHRD	F	0.06%
RRC	D	0.06%
GPK	B	0.06%
CHK	D	0.06%
OVV	F	0.06%
SLGN	B	0.06%
BERY	B	0.06%
MUR	F	0.06%
STWD	B	0.06%
SWN	D	0.06%
CCK	A	0.06%
PR	F	0.06%
SNX	D	0.06%
MTDR	F	0.06%
SON	C	0.05%
GEF	D	0.05%
WOLF	F	0.04%

SMDY Underweight 70 Positions Relative to SDD

Symbol	Grade	Weight
JBT	D	-0.47%
VIAV	D	-0.46%
OMCL	C	-0.46%
CBU	C	-0.46%
STRA	F	-0.45%
BCPC	C	-0.44%
NEO	C	-0.43%
SHOO	B	-0.42%
AVA	C	-0.42%
SKYW	C	-0.42%
B	D	-0.41%
AWR	B	-0.41%
UNF	C	-0.41%
AMN	F	-0.4%
CNMD	D	-0.4%
CCOI	C	-0.39%
ITRI	C	-0.39%
SFNC	B	-0.38%
MOG.A	B	-0.38%
BRC	C	-0.37%
CVBF	D	-0.37%
PRLB	F	-0.37%
ITGR	A	-0.37%
JJSF	C	-0.36%
AEIS	D	-0.36%
ABCB	B	-0.36%
INDB	C	-0.35%
WWW	B	-0.35%
LCII	C	-0.35%
ABM	D	-0.34%
WDFC	C	-0.34%
FOXF	D	-0.34%
LXP	B	-0.34%
SEM	D	-0.33%
ESE	B	-0.33%
IOSP	D	-0.33%
ARI	F	-0.33%
ROG	F	-0.32%
CWT	C	-0.32%
MNRO	D	-0.32%
FUL	C	-0.32%
NSIT	D	-0.32%
LPSN	F	-0.32%
AIN	D	-0.31%
SANM	D	-0.31%
HI	F	-0.31%
DIOD	F	-0.31%
EBS	F	-0.31%
IVR	D	-0.31%
FN	D	-0.31%
FELE	C	-0.3%
PMT	C	-0.3%
SPXC	B	-0.3%
ALGT	F	-0.3%
MTH	A	-0.3%
ENSG	B	-0.3%
KFY	B	-0.3%
FFBC	D	-0.3%
ACA	B	-0.29%
AAT	B	-0.29%
DORM	B	-0.29%
NMIH	B	-0.29%
PLXS	A	-0.29%
XHR	B	-0.29%
CUB	D	-0.28%
KWR	D	-0.28%
PRGS	C	-0.28%
FBP	C	-0.28%
AKR	B	-0.28%
NWN	C	-0.28%