SMHB vs. RIET ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to Hoya Capital High Dividend Yield ETF (RIET)

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.90

Average Daily Volume

50,256

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RIET

Hoya Capital High Dividend Yield ETF

RIET Description

Hoya Capital High Dividend Yield ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Hoya Capital Real Estate, LLC and Penserra Capital Management, LLC. It invests in the public equity markets of the United States. The fund invests in the stocks of companies operating in the financial, diversified financials, mortgage real estate investment trust, real estate investment trusts, real estate, equity real estate investment trust, real estate management and development and real estate operating companies sectors. The fund invests in dividend paying, growth and value stocks of companies across diversified market capitalizations. It replicates the performance of the Hoya Capital High Dividend Yield Index, by using full replication technique. Hoya Capital High Dividend Yield ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$10.89

Average Daily Volume

66,415

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	RIET
30 Days	4.20%	4.87%
60 Days	8.77%	9.48%
90 Days	6.03%	11.53%
12 Months	5.15%	13.08%

26 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in RIET	Overlap
ABR	B	2.21%	1.11%	1.11%
ACRE	F	0.64%	1.18%	0.64%
AHH	B	0.27%	1.17%	0.27%
ALX	B	0.45%	1.16%	0.45%
ARI	C	1.02%	1.12%	1.02%
BDN	B	2.41%	1.22%	1.22%
BRSP	D	0.49%	1.04%	0.49%
BXMT	C	3.43%	1.15%	1.15%
DEA	A	1.35%	1.23%	1.23%
DX	A	0.89%	1.12%	0.89%
EFC	B	1.0%	1.19%	1.0%
EPR	B	2.34%	1.26%	1.26%
GMRE	D	0.5%	1.12%	0.5%
GNL	A	1.01%	1.25%	1.01%
GOOD	A	0.33%	1.16%	0.33%
GPMT	D	0.34%	0.91%	0.34%
KREF	A	0.8%	1.35%	0.8%
LADR	B	0.62%	1.2%	0.62%
LTC	A	0.91%	1.15%	0.91%
OLP	B	0.16%	1.26%	0.16%
PMT	C	1.35%	1.13%	1.13%
RC	F	0.65%	1.07%	0.65%
SBRA	A	2.38%	1.26%	1.26%
TRTX	C	0.29%	1.18%	0.29%
UHT	A	0.36%	1.3%	0.36%
UNIT	A	1.86%	1.48%	1.48%

SMHB Overweight 65 Positions Relative to RIET

Symbol	Grade	Weight
SLG	B	4.87%
XRX	D	4.09%
DTM	B	3.81%
DSS	F	2.87%
TWO	B	2.87%
CIM	A	2.62%
ETRN	D	2.49%
BGS	C	2.41%
APAM	D	2.02%
PAGP	D	1.88%
UWMC	B	1.84%
ARR	A	1.65%
NHI	A	1.64%
ORC	B	1.51%
CCOI	A	1.51%
PSEC	B	1.47%
IVR	C	1.43%
MFA	B	1.27%
RWT	B	1.24%
CTRE	A	1.16%
PETS	F	1.13%
MAIN	D	1.09%
HTGC	D	1.03%
FCPT	A	1.0%
PDM	B	0.99%
GSBD	D	0.94%
NEWT	F	0.94%
NYMT	C	0.93%
VGR	B	0.79%
NWBI	B	0.77%
GBDC	D	0.73%
CODI	D	0.72%
VNOM	B	0.65%
SCS	C	0.65%
TSLX	A	0.62%
HESM	C	0.59%
UVV	B	0.54%
OCSL	D	0.54%
AROC	D	0.53%
ILPT	B	0.49%
WSR	D	0.46%
GTY	B	0.44%
OPI	F	0.4%
RMR	B	0.38%
NMFC	D	0.38%
CSWC	C	0.34%
FSP	C	0.29%
TCPC	D	0.27%
CGBD	D	0.25%
BCSF	B	0.24%
TPVG	D	0.23%
PFLT	A	0.23%
SLRC	C	0.23%
UVE	B	0.22%
BBDC	B	0.22%
KRO	D	0.2%
EBF	B	0.18%
GAIN	D	0.17%
PNNT	D	0.16%
FDUS	A	0.16%
GLAD	D	0.15%
BFS	B	0.14%
TRIN	D	0.12%
CCAP	D	0.1%
REPX	D	0.07%

SMHB Underweight 36 Positions Relative to RIET

Symbol	Grade	Weight
NSA	A	-1.74%
BXP	A	-1.69%
OHI	A	-1.69%
EXR	B	-1.66%
O	A	-1.59%
VICI	A	-1.58%
DOC	B	-1.57%
GLPI	A	-1.56%
CCI	A	-1.54%
NNN	A	-1.53%
EQR	B	-1.52%
KRC	B	-1.51%
SPG	B	-1.49%
STWD	C	-1.48%
AGNC	A	-1.45%
WPC	A	-1.41%
CLPR	A	-1.37%
HIW	B	-1.35%
CIO	B	-1.35%
APLE	F	-1.34%
BNL	B	-1.3%
OUT	B	-1.29%
NREF	B	-1.28%
CMTG	F	-1.21%
IIPR	B	-1.21%
PSTL	B	-1.17%
CTO	A	-1.17%
CHMI	D	-1.04%
MPW	C	-0.95%
SVC	D	-0.92%
AFCG	C	-0.91%
CHCT	F	-0.9%
SACH	D	-0.86%
NYMTN	A	-0.32%
AGNCN	A	-0.3%
NYMTM	A	-0.3%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail Oil & Gas Midstream REIT - Residential Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers