SSO vs. ICAP ETF Comparison

Comparison of ProShares Ultra S&P500 (SSO) to InfraCap Equity Income Fund ETF (ICAP)

SSO

ProShares Ultra S&P500

SSO Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$88.63

Average Daily Volume

2,930,061

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

ICAP

InfraCap Equity Income Fund ETF

ICAP Description

The investment seeks to maximize income and pursue total return opportunities. The fund, under normal conditions, will invest at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of companies that pay dividends during normal market conditions. The fund will invest primarily in securities of U.S. companies, but may invest in foreign securities, including securities of companies located in emerging markets. To obtain high yield and total return, the adviser will favor sectors and industries that it currently views are undervalued on a relative basis.

Grade (RS Rating)

Last Trade

$27.27

Average Daily Volume

8,778

Number of Holdings ^*

66

* may have additional holdings in another (foreign) market

Performance

Period	SSO	ICAP
30 Days	2.50%	5.37%
60 Days	3.75%	4.02%
90 Days	7.16%	11.78%
12 Months	63.65%	26.22%

52 Overlapping Holdings

	Symbol	Grade	Weight in SSO	Weight in ICAP	Overlap
	AES	C	0.02%	4.15%	0.02%
	AMT	C	0.16%	0.69%	0.16%
	AMZN	C	2.41%	1.95%	1.95%
	ARE	C	0.03%	2.19%	0.03%
	AVGO	C	1.01%	3.41%	1.01%
	BAC	D	0.37%	2.95%	0.37%
	BXP	B	0.02%	3.09%	0.02%
	C	D	0.15%	4.86%	0.15%
	CAT	B	0.23%	0.18%	0.18%
	CCI	C	0.07%	1.29%	0.07%
	CFG	C	0.03%	2.88%	0.03%
	CVX	D	0.34%	2.69%	0.34%
	D	B	0.07%	0.99%	0.07%
	DLR	B	0.07%	2.01%	0.07%
	DOW	D	0.05%	2.67%	0.05%
	DUK	B	0.13%	1.99%	0.13%
	EIX	C	0.05%	1.79%	0.05%
	EMR	D	0.08%	0.55%	0.08%
	EQIX	B	0.11%	4.29%	0.11%
	FRT	C	0.01%	3.11%	0.01%
	GD	B	0.1%	0.16%	0.1%
	GS	C	0.21%	7.49%	0.21%
	HON	D	0.19%	0.18%	0.18%
	HPE	D	0.03%	0.4%	0.03%
	IBM	A	0.27%	0.45%	0.27%
	IRM	B	0.05%	0.68%	0.05%
	JNJ	C	0.56%	0.1%	0.1%
	JPM	D	0.83%	2.11%	0.83%
	KHC	C	0.04%	2.1%	0.04%
	KMI	A	0.06%	1.15%	0.06%
	KO	B	0.39%	0.08%	0.08%
	MCD	B	0.3%	1.95%	0.3%
	MMM	A	0.1%	0.36%	0.1%
	MO	C	0.13%	0.18%	0.13%
	MRK	D	0.41%	1.04%	0.41%
	MSFT	C	4.46%	0.92%	0.92%
	MTB	A	0.04%	3.2%	0.04%
	NEE	C	0.24%	0.23%	0.23%
	O	C	0.08%	1.48%	0.08%
	OKE	B	0.07%	0.16%	0.07%
	ORCL	B	0.36%	2.33%	0.36%
	PEP	D	0.34%	0.03%	0.03%
	PG	C	0.58%	0.08%	0.08%
	PM	C	0.27%	0.09%	0.09%
	RTX	C	0.22%	0.43%	0.22%
	SO	A	0.14%	0.05%	0.05%
	SPG	A	0.08%	1.61%	0.08%
	T	C	0.22%	0.77%	0.22%
	TFC	D	0.08%	1.92%	0.08%
	UNH	C	0.76%	0.44%	0.44%
	VZ	B	0.26%	0.41%	0.26%
	WMB	B	0.08%	0.17%	0.08%

SSO Overweight 444 Positions Relative to ICAP

	Symbol	Grade	Weight
	AAPL	C	4.51%
	NVDA	D	4.12%
	META	A	1.62%
	GOOGL	D	1.28%
	BRK.A	C	1.15%
	GOOG	D	1.07%
	LLY	C	1.05%
	TSLA	C	0.9%
	XOM	D	0.7%
	V	C	0.63%
	MA	B	0.57%
	COST	B	0.57%
	HD	A	0.52%
	WMT	B	0.48%
	ABBV	C	0.48%
	NFLX	B	0.42%
	ADBE	F	0.37%
	CRM	D	0.35%
	AMD	D	0.34%
	TMO	C	0.33%
	LIN	B	0.32%
	ACN	C	0.31%
	ABT	C	0.29%
	CSCO	B	0.28%
	QCOM	F	0.26%
	GE	A	0.26%
	ISRG	C	0.25%
	AMGN	B	0.25%
	TXN	C	0.25%
	DHR	C	0.25%
	WFC	D	0.25%
	NOW	A	0.25%
	INTU	C	0.25%
	DIS	D	0.23%
	PFE	C	0.23%
	SPGI	A	0.23%
	CMCSA	D	0.22%
	PGR	A	0.21%
	UNP	C	0.21%
	AMAT	D	0.21%
	UBER	C	0.2%
	LOW	A	0.2%
	AXP	B	0.2%
	BKNG	B	0.19%
	TJX	C	0.19%
	SYK	C	0.18%
	ELV	C	0.18%
	MDT	C	0.17%
	COP	D	0.17%
	PLD	C	0.17%
	MS	C	0.17%
	ETN	C	0.17%
	REGN	C	0.17%
	LMT	B	0.17%
	BLK	B	0.17%
	BSX	B	0.17%
	VRTX	D	0.17%
	PANW	C	0.16%
	SBUX	C	0.16%
	MMC	C	0.16%
	ADP	B	0.16%
	CB	B	0.16%
	GILD	B	0.15%
	TMUS	C	0.15%
	BX	B	0.15%
	ADI	C	0.15%
	MU	F	0.14%
	LRCX	F	0.14%
	BMY	C	0.14%
	KLAC	D	0.14%
	MDLZ	C	0.14%
	DE	B	0.14%
	CI	C	0.14%
	ANET	A	0.13%
	SCHW	D	0.13%
	ICE	C	0.13%
	UPS	F	0.13%
	BA	F	0.13%
	NKE	D	0.13%
	INTC	F	0.12%
	ZTS	C	0.12%
	CL	C	0.12%
	SHW	B	0.12%
	PH	A	0.11%
	HCA	A	0.11%
	AON	B	0.11%
	MCO	A	0.11%
	WM	D	0.11%
	TDG	B	0.11%
	APH	C	0.11%
	WELL	C	0.11%
	CMG	C	0.11%
	CME	C	0.11%
	KKR	A	0.11%
	TT	A	0.11%
	EOG	D	0.1%
	BDX	F	0.1%
	USB	B	0.1%
	TGT	C	0.1%
	CTAS	C	0.1%
	PNC	A	0.1%
	NOC	A	0.1%
	CVS	F	0.1%
	CDNS	D	0.1%
	PYPL	B	0.1%
	MSI	B	0.1%
	SNPS	D	0.1%
	NEM	B	0.09%
	APD	B	0.09%
	CARR	B	0.09%
	ECL	A	0.09%
	AJG	D	0.09%
	FDX	F	0.09%
	CSX	D	0.09%
	MCK	F	0.09%
	ITW	C	0.09%
	ORLY	D	0.09%
	TRV	B	0.08%
	HLT	B	0.08%
	AEP	C	0.08%
	MAR	C	0.08%
	ADSK	C	0.08%
	AFL	C	0.08%
	DHI	C	0.08%
	SLB	F	0.08%
	MPC	D	0.08%
	PSA	B	0.08%
	NSC	C	0.08%
	NXPI	D	0.08%
	ROP	C	0.08%
	GEV	B	0.08%
	CRWD	D	0.08%
	CEG	A	0.08%
	FCX	D	0.08%
	FIS	B	0.07%
	FTNT	B	0.07%
	URI	B	0.07%
	FICO	B	0.07%
	JCI	B	0.07%
	KMB	D	0.07%
	AZO	D	0.07%
	AIG	D	0.07%
	ALL	B	0.07%
	PCAR	D	0.07%
	ROST	C	0.07%
	BK	A	0.07%
	SRE	B	0.07%
	ABNB	D	0.07%
	COF	A	0.07%
	GM	B	0.07%
	PSX	D	0.07%
	RCL	A	0.06%
	IT	A	0.06%
	PWR	B	0.06%
	A	C	0.06%
	EXC	B	0.06%
	CNC	C	0.06%
	FAST	C	0.06%
	STZ	D	0.06%
	EW	F	0.06%
	CMI	C	0.06%
	MCHP	D	0.06%
	IDXX	D	0.06%
	GIS	B	0.06%
	ACGL	B	0.06%
	PEG	A	0.06%
	F	F	0.06%
	PRU	C	0.06%
	RSG	D	0.06%
	PCG	B	0.06%
	PAYX	C	0.06%
	AMP	B	0.06%
	CPRT	D	0.06%
	LHX	C	0.06%
	IQV	D	0.06%
	GWW	A	0.06%
	VLO	F	0.06%
	TEL	D	0.06%
	KVUE	C	0.06%
	LEN	C	0.06%
	MSCI	C	0.06%
	MET	A	0.06%
	MPWR	C	0.06%
	GLW	B	0.05%
	DFS	B	0.05%
	TRGP	B	0.05%
	AVB	C	0.05%
	CHTR	D	0.05%
	BKR	C	0.05%
	NUE	F	0.05%
	DD	B	0.05%
	HIG	B	0.05%
	ODFL	D	0.05%
	OXY	F	0.05%
	VICI	C	0.05%
	EA	D	0.05%
	HES	D	0.05%
	MNST	D	0.05%
	CBRE	A	0.05%
	XEL	B	0.05%
	ED	C	0.05%
	IR	C	0.05%
	HWM	B	0.05%
	KR	C	0.05%
	EFX	C	0.05%
	RMD	C	0.05%
	GEHC	C	0.05%
	OTIS	C	0.05%
	YUM	F	0.05%
	EXR	B	0.05%
	CTSH	C	0.05%
	SYY	D	0.05%
	VRSK	D	0.05%
	NVR	B	0.05%
	AME	C	0.05%
	KDP	B	0.05%
	CTVA	B	0.05%
	HUM	F	0.05%
	FSLR	C	0.04%
	DVN	D	0.04%
	CHD	C	0.04%
	SBAC	C	0.04%
	DTE	B	0.04%
	DOV	B	0.04%
	KEYS	C	0.04%
	FTV	C	0.04%
	VST	A	0.04%
	VTR	C	0.04%
	IFF	C	0.04%
	ETR	A	0.04%
	EQR	C	0.04%
	CAH	C	0.04%
	DXCM	F	0.04%
	AXON	A	0.04%
	ANSS	D	0.04%
	GPN	D	0.04%
	GRMN	D	0.04%
	FITB	B	0.04%
	PHM	B	0.04%
	AWK	C	0.04%
	HPQ	D	0.04%
	DAL	C	0.04%
	BIIB	F	0.04%
	MTD	D	0.04%
	ADM	D	0.04%
	HSY	D	0.04%
	CDW	D	0.04%
	WAB	A	0.04%
	PPG	D	0.04%
	ROK	F	0.04%
	TSCO	C	0.04%
	ON	F	0.04%
	WEC	B	0.04%
	WTW	C	0.04%
	NDAQ	A	0.04%
	LULU	D	0.04%
	FANG	D	0.04%
	MLM	D	0.04%
	VMC	D	0.04%
	XYL	D	0.04%
	CSGP	D	0.04%
	EBAY	B	0.04%
	AVY	D	0.03%
	J	C	0.03%
	APTV	D	0.03%
	DG	F	0.03%
	ULTA	D	0.03%
	SYF	C	0.03%
	PKG	B	0.03%
	DRI	B	0.03%
	GPC	D	0.03%
	HOLX	C	0.03%
	BBY	C	0.03%
	MAA	C	0.03%
	OMC	B	0.03%
	STX	C	0.03%
	EQT	D	0.03%
	WAT	C	0.03%
	EL	F	0.03%
	ESS	C	0.03%
	BAX	C	0.03%
	RF	B	0.03%
	TER	D	0.03%
	ATO	B	0.03%
	BALL	C	0.03%
	PTC	D	0.03%
	HBAN	B	0.03%
	WDC	D	0.03%
	CMS	B	0.03%
	CLX	C	0.03%
	TDY	C	0.03%
	INVH	C	0.03%
	MKC	C	0.03%
	LDOS	B	0.03%
	K	A	0.03%
	MOH	D	0.03%
	WST	D	0.03%
	CINF	C	0.03%
	HUBB	A	0.03%
	GDDY	C	0.03%
	SMCI	F	0.03%
	ZBH	F	0.03%
	BLDR	C	0.03%
	CBOE	C	0.03%
	RJF	C	0.03%
	CPAY	C	0.03%
	AEE	A	0.03%
	FE	C	0.03%
	SW	C	0.03%
	WY	C	0.03%
	MRNA	F	0.03%
	TROW	D	0.03%
	PPL	B	0.03%
	ES	C	0.03%
	NTAP	D	0.03%
	VLTO	B	0.03%
	BRO	C	0.03%
	LYB	F	0.03%
	STE	C	0.03%
	TYL	C	0.03%
	TTWO	D	0.03%
	BR	D	0.03%
	HAL	F	0.03%
	DECK	D	0.03%
	STT	B	0.03%
	CTLT	B	0.02%
	CHRW	A	0.02%
	IPG	C	0.02%
	EMN	B	0.02%
	TECH	D	0.02%
	TFX	C	0.02%
	EPAM	F	0.02%
	KMX	D	0.02%
	HST	C	0.02%
	ALLE	C	0.02%
	CE	F	0.02%
	REG	C	0.02%
	FFIV	B	0.02%
	SJM	C	0.02%
	JBL	D	0.02%
	JKHY	C	0.02%
	JNPR	A	0.02%
	CPT	B	0.02%
	NDSN	C	0.02%
	BG	D	0.02%
	TRMB	C	0.02%
	POOL	D	0.02%
	LYV	B	0.02%
	EVRG	B	0.02%
	VTRS	D	0.02%
	JBHT	D	0.02%
	DLTR	F	0.02%
	CF	C	0.02%
	ROL	C	0.02%
	UHS	B	0.02%
	UDR	C	0.02%
	L	D	0.02%
	SNA	C	0.02%
	LVS	D	0.02%
	DPZ	D	0.02%
	ENPH	D	0.02%
	MRO	C	0.02%
	AKAM	D	0.02%
	IEX	D	0.02%
	NI	B	0.02%
	SWK	B	0.02%
	PNR	B	0.02%
	LNT	B	0.02%
	CAG	C	0.02%
	KEY	B	0.02%
	VRSN	D	0.02%
	AMCR	C	0.02%
	DOC	C	0.02%
	KIM	C	0.02%
	SWKS	F	0.02%
	UAL	C	0.02%
	ALGN	D	0.02%
	EG	C	0.02%
	STLD	D	0.02%
	PODD	B	0.02%
	NRG	A	0.02%
	TXT	D	0.02%
	IP	C	0.02%
	EXPE	C	0.02%
	ZBRA	B	0.02%
	CTRA	D	0.02%
	EXPD	C	0.02%
	WBD	D	0.02%
	CCL	C	0.02%
	PFG	B	0.02%
	DGX	C	0.02%
	LUV	C	0.02%
	MAS	B	0.02%
	FDS	C	0.02%
	WRB	C	0.02%
	CNP	D	0.02%
	TSN	D	0.02%
	NTRS	B	0.02%
	FOX	B	0.01%
	PARA	F	0.01%
	BEN	F	0.01%
	ETSY	F	0.01%
	BBWI	F	0.01%
	WBA	F	0.01%
	BIO	C	0.01%
	RL	B	0.01%
	WYNN	D	0.01%
	IVZ	B	0.01%
	AAL	D	0.01%
	BWA	D	0.01%
	FMC	C	0.01%
	MHK	C	0.01%
	CZR	C	0.01%
	DVA	B	0.01%
	MOS	F	0.01%
	NCLH	C	0.01%
	PAYC	D	0.01%
	GL	C	0.01%
	APA	F	0.01%
	GNRC	D	0.01%
	HSIC	D	0.01%
	HAS	B	0.01%
	MGM	D	0.01%
	FOXA	B	0.01%
	HRL	D	0.01%
	LW	D	0.01%
	MTCH	C	0.01%
	DAY	D	0.01%
	SOLV	C	0.01%
	AOS	D	0.01%
	TPR	C	0.01%
	HII	D	0.01%
	AIZ	B	0.01%
	CPB	B	0.01%
	CRL	F	0.01%
	INCY	C	0.01%
	NWSA	D	0.01%
	TAP	D	0.01%
	QRVO	F	0.01%
	MKTX	C	0.01%
	PNW	B	0.01%
	ALB	F	0.01%
	LKQ	F	0.01%
	NWS	D	0.0%

SSO Underweight 14 Positions Relative to ICAP

	Symbol	Grade	Weight
	KRC	B	-3.64%
	MPLX	B	-3.18%
	SLMBP	B	-2.95%
	AB	B	-2.28%
	REXR	C	-2.11%
	NYMTN	A	-2.02%
	UGI	C	-1.93%
	VOD	C	-1.72%
	ARES	A	-1.3%
	BLMN	F	-1.21%
	NWN	C	-0.75%
	UZE	C	-0.41%
	EPR	B	-0.34%
	ET	B	-0.03%

SSO: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Diagnostics & Research Asset Management Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Specialty Retail Medical Devices Medical Instruments & Supplies Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Chemical Aerospace Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

ICAP: Top Represented Industries & Keywords

Industries: Oil & Gas Midstream REIT - Office REIT - Retail Telecom Services Utilities - Regulated Electric Banks - Global Banks - Regional - US Diversified Industrials Aerospace & Defense Asset Management Beverages - Soft Drinks Drug Manufacturers - Major REIT - Diversified Restaurants Software - Infrastructure Tobacco Utilities - Diversified Utilities - Regulated Gas Business Services Capital Markets

Keywords: S&P 500 Dow Jones Component Natural Gas Real Estate Investment Trust Bank Banking Electricity Nasdaq 100 Telecommunications Work From Home Cash Management Gas Transmission Internet Access Natural Gas Storage Commercial Banking Computing Crude Oil Financial Products Investment Bank Natural Gas Liquids