UPW vs. IFRA ETF Comparison

Comparison of ProShares Ultra Utilities (UPW) to iShares U.S. Infrastructure ETF (IFRA)

UPW

ProShares Ultra Utilities

UPW Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Dow Jones U.S. UtilitiesSM Index. 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 measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

7,493

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IFRA

iShares U.S. Infrastructure ETF

IFRA Description

The investment seeks to track the investment results of the NYSE® FactSet U.S. Infrastructure Index (the "underlying index"), an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities. The fund generally will invest at least 90% of its assets in the component securities of the underlying index. The index is designed to measure the performance of equity securities of U.S. companies involved in U.S. focused infrastructure activities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.16

Average Daily Volume

175,548

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	UPW	IFRA
30 Days	12.66%	6.64%
60 Days	26.31%	9.60%
90 Days	39.43%	13.81%
12 Months	100.33%	35.20%

5 Overlapping Holdings

Symbol	Grade	Weight in UPW	Weight in IFRA	Overlap
AEE	A	1.13%	0.8%	0.8%
EIX	C	1.63%	0.81%	0.81%
LNT	B	0.76%	0.8%	0.76%
NI	A	0.76%	0.8%	0.76%
WEC	B	1.48%	0.8%	0.8%

UPW Overweight 26 Positions Relative to IFRA

Symbol	Grade	Weight
NEE	C	8.45%
SO	A	4.8%
DUK	C	4.33%
CEG	A	3.95%
AEP	C	2.65%
SRE	C	2.57%
D	A	2.36%
PEG	A	2.16%
PCG	C	2.05%
VST	A	1.98%
EXC	C	1.97%
XEL	C	1.77%
ED	C	1.75%
AWK	D	1.39%
ETR	A	1.37%
DTE	B	1.29%
PPL	C	1.19%
ES	D	1.18%
FE	C	1.11%
ATO	A	1.05%
CMS	A	1.03%
CNP	B	0.93%
NRG	A	0.91%
AES	C	0.69%
EVRG	C	0.69%
PNW	C	0.49%

UPW Underweight 4 Positions Relative to IFRA

Symbol	Grade	Weight
MSEX	C	-0.82%
UTL	D	-0.81%
CWT	D	-0.8%
OKE	A	-0.8%