SMN vs. PIO ETF Comparison
Comparison of ProShares UltraShort Basic Materials (SMN) to PowerShares Global Water Portfolio (PIO)
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
PIO
PowerShares Global Water Portfolio
PIO Description
The PowerShares Global Water Portfolio (Fund) is based on the NASDAQ OMX Global Water Index. The Fund generally will invest at least 90% of its total assets in companies listed on a global exchange that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.Grade (RS Rating)
Last Trade
$40.50
Average Daily Volume
8,835
12
Performance
| Period | SMN | PIO |
|---|---|---|
| 30 Days | 6.32% | -5.06% |
| 60 Days | 3.16% | -3.85% |
| 90 Days | -6.24% | -0.98% |
| 12 Months | -28.24% | 23.62% |
1 Overlapping Holdings
| Symbol | Grade | Weight in SMN | Weight in PIO | Overlap | |
|---|---|---|---|---|---|
| ECL | C | 7.77% | 8.4% | 7.77% |
SMN Overweight 42 Positions Relative to PIO
| Symbol | Grade | Weight | |
|---|---|---|---|
| LIN | C | 18.22% | |
| APD | B | 8.28% | |
| 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
PIO: Top Represented Industries & Keywords
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