ADPV vs. KBWB ETF Comparison

Comparison of Adaptiv Select ETF (ADPV) to PowerShares KBW Bank Portfolio ETF (KBWB)

ADPV

Adaptiv Select ETF

ADPV Description

To achieve its investment objective of long-term capital appreciation, the fund will invest substantially all of its net assets in a portfolio of publicly-listed equity securities of U.S. large capitalization companies during broad U.S. equity market uptrends. The fund will primarily own common stocks, but may also invest in equity securities of REITS to the extent such REITS are among the 1,000 largest capitalized U.S.-listed stocks. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.23

Average Daily Volume

6,377

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$69.70

Average Daily Volume

968,165

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ADPV	KBWB
30 Days	11.75%	10.92%
60 Days	15.07%	16.52%
90 Days	18.03%	20.78%
12 Months	57.54%	67.12%

3 Overlapping Holdings

Symbol	Grade	Weight in ADPV	Weight in KBWB	Overlap
HBAN	B	5.31%	3.78%	3.78%
KEY	B	4.53%	2.65%	2.65%
RF	A	3.54%	3.52%	3.52%

ADPV Overweight 22 Positions Relative to KBWB

Symbol	Grade	Weight
PLTR	B	7.92%
APP	B	6.12%
HOOD	B	5.75%
PPC	B	5.68%
T	A	4.74%
VIRT	A	4.7%
AMCR	C	4.61%
NU	C	4.23%
KMI	A	3.92%
MDU	D	3.65%
MTG	C	3.43%
VST	A	3.39%
TOST	A	3.29%
CRBG	B	3.28%
CPNG	D	3.22%
OWL	A	3.14%
HIW	D	3.07%
AM	A	2.76%
VKTX	F	2.72%
GTES	A	2.29%
EXEL	B	1.94%
HAYW	B	1.84%

ADPV Underweight 21 Positions Relative to KBWB

Symbol	Grade	Weight
MS	B	-8.9%
WFC	A	-8.73%
GS	B	-7.94%
BAC	A	-7.9%
JPM	B	-7.51%
MTB	A	-4.3%
COF	B	-4.29%
BK	B	-3.97%
PNC	B	-3.85%
C	B	-3.8%
STT	A	-3.8%
FITB	B	-3.78%
USB	A	-3.69%
TFC	B	-3.63%
NTRS	A	-3.21%
CFG	B	-3.05%
EWBC	A	-2.1%
FHN	B	-1.59%
WAL	B	-1.44%
CMA	B	-1.32%
ZION	B	-1.28%