SPXN vs. RAVI ETF Comparison

Comparison of ProShares S&P 500 Ex-Financials ETF (SPXN) to FlexShares Ready Access Variable Income Fund (RAVI)

SPXN

ProShares S&P 500 Ex-Financials ETF

SPXN Description

The investment seeks investment results, before fees and expenses that track the performance of the S&P 500Â® Ex-Financials Index (the "index"). Under normal circumstances, the fund will invest at least 80% of its total assets in component securities. The index seeks to provide exposure to the companies of the S&P 500Â® Index (the "S&P 500Â®") with the exception of those companies included in the Financials Sector.

Grade (RS Rating)

Last Trade

$63.95

Average Daily Volume

2,186

Number of Holdings ^*

396

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.37

Average Daily Volume

71,793

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	SPXN	RAVI
30 Days	1.56%	0.32%
60 Days	5.94%	0.70%
90 Days	7.49%	1.35%
12 Months	33.29%	5.49%

57 Overlapping Holdings

Symbol	Grade	Weight in SPXN	Weight in RAVI	Overlap
ABBV	D	0.82%	0.13%	0.13%
AEE	A	0.06%	0.17%	0.06%
AEP	D	0.12%	0.38%	0.12%
AMZN	A	4.54%	0.42%	0.42%
AZO	C	0.13%	0.52%	0.13%
BA	F	0.26%	0.15%	0.15%
BDX	D	0.16%	0.51%	0.16%
BMY	B	0.26%	0.43%	0.26%
CAT	C	0.45%	0.26%	0.26%
CI	D	0.21%	0.67%	0.21%
CLX	A	0.05%	0.26%	0.05%
CMCSA	B	0.4%	0.28%	0.28%
CMS	C	0.05%	0.24%	0.05%
CNP	B	0.05%	0.2%	0.05%
CRM	B	0.73%	0.4%	0.4%
CVS	F	0.16%	0.16%	0.16%
CVX	B	0.62%	0.33%	0.33%
D	D	0.11%	0.51%	0.11%
DELL	B	0.09%	0.28%	0.09%
DHI	F	0.12%	0.13%	0.12%
DHR	F	0.37%	0.86%	0.37%
DTE	D	0.06%	0.77%	0.06%
DUK	D	0.2%	0.07%	0.07%
ED	D	0.08%	1.05%	0.08%
EFX	D	0.08%	0.1%	0.08%
ETR	B	0.07%	0.38%	0.07%
FOXA	A	0.02%	0.21%	0.02%
GE	C	0.47%	0.76%	0.47%
GILD	C	0.28%	0.59%	0.28%
GM	A	0.15%	0.1%	0.1%
HPE	B	0.07%	0.11%	0.07%
HRL	F	0.02%	0.07%	0.02%
KDP	D	0.08%	0.95%	0.08%
LEN	D	0.1%	0.26%	0.1%
LUV	B	0.04%	0.18%	0.04%
LYB	F	0.05%	0.83%	0.05%
MCHP	F	0.09%	0.22%	0.09%
MDLZ	F	0.21%	0.09%	0.09%
MKC	D	0.05%	0.17%	0.05%
MLM	B	0.09%	0.28%	0.09%
NEE	D	0.37%	0.57%	0.37%
NVDA	B	8.48%	0.52%	0.52%
OTIS	C	0.09%	0.95%	0.09%
PCAR	B	0.14%	0.05%	0.05%
PPL	A	0.06%	0.22%	0.06%
PSX	D	0.12%	0.16%	0.12%
ROP	A	0.14%	0.07%	0.07%
SBUX	B	0.26%	0.18%	0.18%
SJM	F	0.03%	0.57%	0.03%
SO	D	0.23%	0.26%	0.23%
SYK	A	0.3%	0.49%	0.3%
T	A	0.37%	0.3%	0.3%
TSN	C	0.04%	0.7%	0.04%
UNH	B	1.33%	0.43%	0.43%
VLO	D	0.1%	1.51%	0.1%
VZ	C	0.4%	0.1%	0.1%
WM	A	0.19%	0.69%	0.19%

SPXN Overweight 339 Positions Relative to RAVI

Symbol	Grade	Weight
AAPL	C	8.06%
MSFT	C	7.34%
META	B	3.01%
GOOGL	B	2.44%
TSLA	B	2.08%
GOOG	B	2.02%
AVGO	C	2.0%
LLY	F	1.53%
XOM	B	1.26%
COST	B	0.98%
HD	B	0.94%
PG	C	0.92%
JNJ	D	0.87%
WMT	A	0.86%
NFLX	A	0.8%
ORCL	A	0.71%
MRK	F	0.61%
KO	F	0.58%
AMD	F	0.56%
CSCO	A	0.55%
PEP	D	0.53%
LIN	D	0.52%
ACN	C	0.52%
ADBE	C	0.51%
MCD	C	0.5%
NOW	A	0.49%
TMO	F	0.49%
TXN	C	0.47%
ABT	C	0.47%
PM	C	0.46%
IBM	C	0.46%
ISRG	A	0.45%
INTU	A	0.45%
QCOM	F	0.44%
DIS	B	0.42%
AMGN	F	0.41%
BKNG	A	0.39%
RTX	C	0.38%
AMAT	F	0.37%
LOW	B	0.36%
UBER	F	0.35%
PFE	F	0.35%
ETN	A	0.34%
UNP	C	0.34%
HON	B	0.33%
TJX	B	0.31%
VRTX	B	0.31%
PANW	A	0.3%
COP	C	0.3%
BSX	A	0.3%
MU	D	0.29%
ADP	A	0.29%
PLTR	B	0.28%
LMT	C	0.28%
TMUS	A	0.27%
INTC	C	0.26%
ADI	F	0.26%
MDT	D	0.26%
DE	D	0.24%
LRCX	F	0.24%
ANET	C	0.24%
UPS	C	0.23%
ELV	F	0.23%
MO	A	0.22%
KLAC	F	0.22%
TT	A	0.22%
GEV	B	0.22%
REGN	F	0.21%
APH	B	0.21%
PH	A	0.21%
SHW	A	0.21%
NKE	F	0.21%
MSI	B	0.2%
SNPS	B	0.2%
GD	A	0.19%
ZTS	D	0.19%
CMG	B	0.19%
CDNS	B	0.19%
CEG	D	0.18%
CL	F	0.18%
EOG	A	0.18%
CRWD	B	0.18%
TDG	B	0.18%
CTAS	A	0.18%
MCK	A	0.18%
ORLY	A	0.17%
NOC	C	0.17%
EMR	A	0.17%
MMM	C	0.17%
ITW	A	0.17%
FCX	F	0.16%
WMB	B	0.16%
TGT	C	0.16%
APD	B	0.16%
CSX	B	0.16%
OKE	A	0.15%
ECL	C	0.15%
CARR	C	0.15%
FDX	B	0.15%
MAR	A	0.15%
ADSK	A	0.15%
HCA	D	0.15%
SRE	A	0.14%
FTNT	B	0.14%
URI	B	0.14%
ABNB	C	0.14%
NXPI	F	0.14%
HLT	A	0.14%
SLB	C	0.14%
NSC	B	0.14%
GWW	B	0.13%
JCI	A	0.13%
FICO	B	0.13%
LHX	A	0.12%
NEM	F	0.12%
MPC	D	0.12%
KMI	B	0.12%
RCL	A	0.12%
KMB	F	0.11%
KVUE	B	0.11%
HWM	A	0.11%
PAYX	B	0.11%
FAST	A	0.11%
ROST	F	0.11%
VST	B	0.11%
PWR	B	0.11%
CMI	A	0.11%
CPRT	A	0.11%
IR	A	0.1%
TRGP	B	0.1%
IT	A	0.1%
BKR	B	0.1%
ODFL	B	0.1%
PEG	C	0.1%
F	C	0.1%
RSG	A	0.1%
COR	A	0.1%
AXON	B	0.1%
PCG	A	0.1%
AME	A	0.1%
GIS	F	0.09%
STZ	D	0.09%
RMD	C	0.09%
MPWR	F	0.09%
GLW	C	0.09%
XEL	A	0.09%
NUE	C	0.09%
EA	A	0.09%
IQV	F	0.09%
SYY	B	0.09%
EXC	C	0.09%
MNST	B	0.09%
CHTR	B	0.09%
VMC	B	0.09%
YUM	B	0.09%
DAL	A	0.09%
GEHC	F	0.09%
HES	C	0.09%
KR	A	0.09%
CTSH	A	0.09%
EW	D	0.09%
A	F	0.09%
CTVA	C	0.09%
VRSK	A	0.09%
DOW	F	0.08%
GRMN	A	0.08%
FANG	D	0.08%
OXY	D	0.08%
HUM	D	0.08%
DD	D	0.08%
WAB	A	0.08%
LULU	C	0.08%
IDXX	D	0.08%
HPQ	B	0.08%
DXCM	C	0.07%
UAL	B	0.07%
KEYS	C	0.07%
TTWO	A	0.07%
KHC	F	0.07%
PPG	F	0.07%
CAH	A	0.07%
ANSS	B	0.07%
ON	F	0.07%
XYL	D	0.07%
EBAY	C	0.07%
WEC	B	0.07%
ROK	B	0.07%
TSCO	C	0.07%
CNC	F	0.07%
EIX	C	0.07%
WST	B	0.06%
DVN	F	0.06%
CCL	A	0.06%
EQT	B	0.06%
ADM	F	0.06%
GDDY	A	0.06%
BIIB	F	0.06%
HUBB	B	0.06%
NTAP	D	0.06%
HAL	C	0.06%
SW	C	0.06%
HSY	D	0.06%
CHD	B	0.06%
VLTO	C	0.06%
NVR	D	0.06%
FTV	D	0.06%
BR	A	0.06%
AWK	D	0.06%
CDW	F	0.06%
TYL	B	0.06%
LDOS	B	0.06%
DECK	B	0.06%
PHM	D	0.06%
DOV	A	0.06%
MTD	F	0.06%
MOH	F	0.05%
NRG	B	0.05%
IP	C	0.05%
DRI	B	0.05%
OMC	B	0.05%
LH	A	0.05%
WBD	B	0.05%
BLDR	D	0.05%
ZBRA	A	0.05%
FSLR	F	0.05%
FE	D	0.05%
STLD	B	0.05%
PKG	B	0.05%
K	A	0.05%
STE	F	0.05%
ES	D	0.05%
STX	D	0.05%
ZBH	C	0.05%
ATO	A	0.05%
EXPE	B	0.05%
WDC	D	0.05%
TDY	A	0.05%
PTC	B	0.05%
WAT	A	0.05%
IFF	F	0.05%
CF	B	0.04%
RVTY	C	0.04%
JBL	C	0.04%
VTRS	B	0.04%
VRSN	C	0.04%
JBHT	B	0.04%
ALGN	F	0.04%
MRNA	F	0.04%
MRO	B	0.04%
GEN	A	0.04%
NI	A	0.04%
DPZ	C	0.04%
TXT	C	0.04%
AVY	F	0.04%
DG	F	0.04%
EXPD	D	0.04%
GPC	D	0.04%
PNR	A	0.04%
IEX	B	0.04%
BBY	D	0.04%
BAX	F	0.04%
MAS	D	0.04%
TRMB	B	0.04%
LVS	C	0.04%
DGX	A	0.04%
TER	F	0.04%
CTRA	B	0.04%
BALL	D	0.04%
HOLX	D	0.04%
J	B	0.04%
ULTA	C	0.04%
PODD	B	0.04%
SNA	A	0.04%
LYV	B	0.04%
NWSA	B	0.03%
IPG	F	0.03%
CRL	C	0.03%
PAYC	B	0.03%
GNRC	B	0.03%
LW	C	0.03%
ALB	B	0.03%
KMX	C	0.03%
EMN	D	0.03%
TECH	B	0.03%
NCLH	B	0.03%
TPR	B	0.03%
BG	D	0.03%
DLTR	F	0.03%
UHS	D	0.03%
SMCI	F	0.03%
ALLE	D	0.03%
CHRW	A	0.03%
DAY	C	0.03%
JNPR	D	0.03%
INCY	B	0.03%
EPAM	B	0.03%
AKAM	F	0.03%
CAG	F	0.03%
SWK	F	0.03%
ROL	B	0.03%
SWKS	F	0.03%
FFIV	A	0.03%
EVRG	A	0.03%
NDSN	B	0.03%
POOL	D	0.03%
AMCR	D	0.03%
LNT	C	0.03%
EL	F	0.03%
APTV	D	0.03%
WBA	D	0.02%
PARA	C	0.02%
QRVO	F	0.02%
DVA	C	0.02%
FMC	F	0.02%
BWA	B	0.02%
MHK	D	0.02%
WYNN	F	0.02%
MTCH	F	0.02%
HII	D	0.02%
APA	F	0.02%
HAS	D	0.02%
MGM	D	0.02%
HSIC	F	0.02%
CZR	F	0.02%
MOS	D	0.02%
AOS	F	0.02%
CPB	F	0.02%
RL	B	0.02%
ENPH	F	0.02%
CE	F	0.02%
TFX	F	0.02%
AES	F	0.02%
SOLV	D	0.02%
LKQ	D	0.02%
PNW	B	0.02%
TAP	B	0.02%
CTLT	D	0.02%
NWS	B	0.01%
FOX	A	0.01%

SPXN Underweight 44 Positions Relative to RAVI

Symbol	Grade	Weight
OGS	A	-1.05%
PYPL	A	-0.95%
CM	A	-0.62%
GP	F	-0.59%
TFC	B	-0.59%
AIG	B	-0.57%
BAC	A	-0.57%
BNS	A	-0.52%
TD	D	-0.51%
RY	B	-0.51%
CCI	F	-0.49%
AON	A	-0.46%
SCHW	A	-0.42%
VFC	C	-0.39%
OGE	B	-0.39%
NDAQ	A	-0.31%
ARCC	B	-0.3%
HSBC	C	-0.29%
CFG	B	-0.29%
DB	C	-0.28%
CP	F	-0.27%
WFC	A	-0.26%
ATHS	C	-0.26%
GS	B	-0.26%
AL	B	-0.25%
C	A	-0.24%
FIS	B	-0.23%
FITB	A	-0.22%
NYC	D	-0.21%
BHF	B	-0.17%
KEY	B	-0.16%
SEB	D	-0.16%
UBS	C	-0.16%
AZN	F	-0.15%
NWG	C	-0.15%
ICE	D	-0.15%
MUFG	A	-0.14%
MET	C	-0.13%
AMT	F	-0.13%
CNH	D	-0.13%
R	A	-0.08%
COF	B	-0.06%
MS	A	-0.06%
JPM	B	-0.03%