SMN vs. ETEC ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to iShares Breakthrough Environmental Solutions ETF (ETEC)
SMN
ProShares UltraShort Basic Materials
SMN 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 Dow Jones U.S. Basic MaterialsSM Index. 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 measures the performance of the basic materials sector of the U.S. equity market. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$6.91
Average Daily Volume
7,365
43
ETEC
iShares Breakthrough Environmental Solutions ETF
ETEC Description
ETEC provides exposure to global equities categorized as emerging green technology. Selection begins with the initial index universe that then excludes companies involved in controversial issues against UNGC principles. Stocks are reviewed to meet revenue derived from eight sustainable themes: energy efficiency, green buildings and transportation, pollution prevention and reduction, renewable energy, resource efficiency technologies and services, water, and sustainable agriculture, food, and forestry. The fund excludes companies with total sustainable product revenue less than 25%. The remaining stocks are screened further to only include companies classified as green technologies. Stocks are scored within the Rogers innovation adoption curve to determine their position across the innovators-laggards spectrum, which contributes to an aggregate score. The top 50 companies with the highest aggregate scores are selected. The market cap-weighted index is reconstituted annually in December and rebalanced quarterly.Grade (RS Rating)
Last Trade
$20.63
Average Daily Volume
433
11
Performance
| Period | SMN | ETEC |
|---|---|---|
| 30 Days | 6.32% | -9.76% |
| 60 Days | 3.16% | 0.57% |
| 90 Days | -6.24% | 5.79% |
| 12 Months | -28.24% | 3.50% |
0 Overlapping Holdings
| Symbol | Grade | Weight in SMN | Weight in ETEC | Overlap |
|---|
SMN Overweight 43 Positions Relative to ETEC
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | C | 18.22% | |
| APD | B | 8.28% | |
| ECL | C | 7.77% | |
| DD | D | 7.23% | |
| DOW | F | 6.27% | |
| NEM | D | 5.65% | |
| PPG | F | 4.81% | |
| LYB | F | 3.74% | |
| CTVA | A | 3.36% | |
| FCX | D | 2.96% | |
| NUE | F | 2.59% | |
| IFF | D | 2.28% | |
| CE | F | 2.25% | |
| FMC | B | 2.05% | |
| EMN | C | 1.67% | |
| CF | B | 1.59% | |
| RPM | B | 1.53% | |
| ALB | C | 1.36% | |
| RS | C | 1.28% | |
| MOS | B | 1.21% | |
| RGLD | B | 1.17% | |
| STLD | A | 1.13% | |
| AXTA | A | 1.0% | |
| HUN | F | 0.74% | |
| ASH | F | 0.73% | |
| SMG | A | 0.7% | |
| VVV | D | 0.64% | |
| NGVT | C | 0.55% | |
| NEU | D | 0.55% | |
| AA | B | 0.52% | |
| OLN | F | 0.45% | |
| CC | F | 0.45% | |
| ESI | A | 0.44% | |
| SXT | C | 0.44% | |
| CMC | A | 0.41% | |
| FUL | F | 0.4% | |
| CBT | B | 0.4% | |
| WLK | F | 0.39% | |
| ATI | F | 0.37% | |
| CRS | B | 0.35% | |
| X | C | 0.28% | |
| WOR | F | 0.24% | |
| BTU | A | 0.1% |
SMN: Top Represented Industries & Keywords
ETEC: Top Represented Industries & Keywords
Compare ETFs
