SMN vs. NRES ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to Xtrackers RREEF Global Natural Resources ETF (NRES)
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
$6.57
Average Daily Volume
7,084
43
NRES
Xtrackers RREEF Global Natural Resources ETF
NRES Description
NRES is the first actively managed ETF by DWS. It aims for total return, focusing on the global natural resources sector, encompassing agriculture, energy, and metals industries. The funds strategic approach involves top-down and bottom-up research to allocate its investments, considering factors like supply/demand, ESG criteria, and market interrelations. Insight into commodity-price cycles, sector interdependencies and trends guide its decision-making process amid evolving market condition. This approach enhances the ability of NRES to harness investment prospects. Additionally, the fund may concentrate its investments in non-US issuers and diversify up to 20% of its assets into debt securities, short-term investments, and ETFs for liquidity purposes and enhanced risk management. By leveraging this flexibility, NRES seeks to deliver optimal returns while navigating the complexities of the natural resources space. The funds goal is to position itself to seize investment opportunities for long-term growth and value creation.Grade (RS Rating)
Last Trade
$27.68
Average Daily Volume
245
4
Performance
| Period | SMN | NRES |
|---|---|---|
| 30 Days | -7.56% | 6.95% |
| 60 Days | -14.28% | 9.36% |
| 90 Days | -14.44% | 2.56% |
| 12 Months | -32.12% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SMN | Weight in NRES | Overlap | |
|---|---|---|---|---|---|
| CTVA | A | 3.36% | 3.7% | 3.36% |
SMN Overweight 42 Positions Relative to NRES
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | C | 18.22% | |
| APD | C | 8.28% | |
| ECL | C | 7.77% | |
| DD | C | 7.23% | |
| DOW | B | 6.27% | |
| NEM | C | 5.65% | |
| PPG | D | 4.81% | |
| LYB | B | 3.74% | |
| FCX | B | 2.96% | |
| NUE | D | 2.59% | |
| IFF | D | 2.28% | |
| CE | D | 2.25% | |
| FMC | C | 2.05% | |
| EMN | C | 1.67% | |
| CF | A | 1.59% | |
| RPM | A | 1.53% | |
| ALB | D | 1.36% | |
| RS | D | 1.28% | |
| MOS | F | 1.21% | |
| RGLD | C | 1.17% | |
| STLD | C | 1.13% | |
| AXTA | C | 1.0% | |
| HUN | B | 0.74% | |
| ASH | F | 0.73% | |
| SMG | C | 0.7% | |
| VVV | D | 0.64% | |
| NGVT | D | 0.55% | |
| NEU | F | 0.55% | |
| AA | B | 0.52% | |
| OLN | D | 0.45% | |
| CC | D | 0.45% | |
| ESI | C | 0.44% | |
| SXT | C | 0.44% | |
| CMC | D | 0.41% | |
| FUL | F | 0.4% | |
| CBT | B | 0.4% | |
| WLK | C | 0.39% | |
| ATI | C | 0.37% | |
| CRS | B | 0.35% | |
| X | F | 0.28% | |
| WOR | F | 0.24% | |
| BTU | B | 0.1% |
SMN: Top Represented Industries & Keywords
NRES: Top Represented Industries & Keywords
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