ABEQ vs. KBWP ETF Comparison
Comparison of Absolute Core Strategy ETF (ABEQ) to PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP)
ABEQ
Absolute Core Strategy ETF
ABEQ Description
The investment seeks investment results that correspond (before fees and expenses) generally to the performance of its underlying index, the CIBC Atlas Clean Energy Index (ticker symbol NACEX) (the underlying index). The fund will invest at least 80% of its net assets in securities that comprise the underlying index. The underlying index utilizes a rules-based methodology developed by CIBC National Trust Company (the index provider), which is designed to provide exposure to a diverse set of U.S. and Canadian companies involved in the clean energy sector including renewables and clean technology. The fund is non-diversified.
Grade (RS Rating)
Last Trade
$32.85
Average Daily Volume
5,950
19
KBWP
PowerShares KBW Property & Casualty Insurance Portfolio ETF
KBWP Description
The PowerShares KBW Property & Casualty Insurance Portfolio (Fund) is based on the KBW Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.Grade (RS Rating)
Last Trade
$123.33
Average Daily Volume
60,144
24
Performance
| Period | ABEQ | KBWP |
|---|---|---|
| 30 Days | -0.61% | 4.91% |
| 60 Days | 0.76% | 7.11% |
| 90 Days | 1.75% | 10.22% |
| 12 Months | 19.75% | 38.12% |
1 Overlapping Holdings
| Symbol | Grade | Weight in ABEQ | Weight in KBWP | Overlap | |
|---|---|---|---|---|---|
| TRV | B | 3.91% | 8.62% | 3.91% |
ABEQ Underweight 23 Positions Relative to KBWP
| Symbol | Grade | Weight | |
|---|---|---|---|
| ALL | A | -7.94% | |
| PGR | A | -7.83% | |
| CB | C | -7.74% | |
| AIG | B | -7.54% | |
| RLI | A | -4.35% | |
| THG | A | -4.23% | |
| AIZ | A | -4.21% | |
| CINF | A | -4.18% | |
| SIGI | C | -4.17% | |
| AXS | A | -4.08% | |
| AFG | A | -4.07% | |
| KMPR | A | -3.94% | |
| RNR | C | -3.86% | |
| HIG | B | -3.84% | |
| WRB | A | -3.83% | |
| EG | C | -3.58% | |
| MCY | A | -3.52% | |
| ACGL | C | -3.39% | |
| SPNT | B | -2.17% | |
| HMN | B | -1.44% | |
| PRA | C | -0.74% | |
| UVE | B | -0.55% | |
| JRVR | F | -0.15% |
ABEQ: Top Represented Industries & Keywords
KBWP: Top Represented Industries & Keywords
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