SSG vs. FEPI ETF Comparison

Comparison of ProShares UltraShort Semiconductors (SSG) to REX FANG & Innovation Equity Premium Income ETF (FEPI)

SSG

ProShares UltraShort Semiconductors

SSG 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. SemiconductorsSM 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 semiconductor sub-sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$26.71

Average Daily Volume

35,071

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$52.32

Average Daily Volume

123,779

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SSG	FEPI
30 Days	-10.22%	3.83%
60 Days	-22.58%	8.16%
90 Days	-21.01%	8.56%
12 Months	-81.60%	24.60%

6 Overlapping Holdings

Symbol	Grade	Weight in SSG	Weight in FEPI	Overlap
AMD	F	4.48%	5.99%	4.48%
AVGO	C	9.66%	6.47%	6.47%
INTC	C	20.47%	6.97%	6.97%
MU	D	5.04%	6.63%	5.04%
NVDA	A	12.05%	6.85%	6.85%
QCOM	F	8.64%	6.13%	6.13%

SSG Overweight 19 Positions Relative to FEPI

Symbol	Grade	Weight
TXN	B	9.72%
AMAT	F	4.58%
LRCX	F	3.53%
ADI	D	3.48%
KLAC	F	2.23%
MCHP	F	2.06%
SWKS	F	1.67%
MRVL	B	1.5%
QRVO	F	1.06%
TER	F	0.93%
ON	F	0.81%
OLED	F	0.71%
ENTG	F	0.6%
MPWR	F	0.58%
MKSI	C	0.5%
SLAB	F	0.41%
CRUS	F	0.38%
SMTC	C	0.29%
IDCC	B	0.15%

SSG Underweight 9 Positions Relative to FEPI

Symbol	Grade	Weight
TSLA	B	-10.32%
CRM	B	-7.59%
AMZN	A	-7.12%
GOOGL	C	-6.97%
NFLX	A	-6.86%
META	B	-6.59%
MSFT	C	-6.39%
ADBE	C	-6.33%
AAPL	C	-6.21%