DWAS vs. ACES ETF Comparison

Comparison of PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) to ALPS Clean Energy ETF (ACES)

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$91.55

Average Daily Volume

76,166

Number of Holdings ^*

187

* may have additional holdings in another (foreign) market

ACES

ALPS Clean Energy ETF

ACES 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

$28.85

Average Daily Volume

79,860

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DWAS	ACES
30 Days	0.53%	0.49%
60 Days	1.84%	-3.32%
90 Days	7.86%	1.12%
12 Months	20.22%	-27.10%

2 Overlapping Holdings

	Symbol	Grade	Weight in DWAS	Weight in ACES	Overlap
	AMSC	D	0.74%	0.96%	0.74%
	ASPN	D	0.51%	2.07%	0.51%

DWAS Overweight 185 Positions Relative to ACES

Symbol	Grade	Weight
ADMA	B	2.34%
MOD	C	1.85%
NPAB	D	1.66%
LMB	B	1.62%
STRL	B	1.38%
UFPT	C	1.26%
TRNS	C	1.21%
COOP	B	1.17%
DFIN	B	1.1%
OSCR	B	1.09%
ANF	D	1.07%
NOG	D	1.02%
TDW	F	0.94%
GRBK	B	0.9%
KNTK	B	0.89%
CRS	B	0.83%
CSWI	B	0.83%
RNA	C	0.82%
RXST	C	0.81%
VIRC	D	0.81%
DAKT	D	0.8%
BELFB	C	0.77%
ATI	C	0.75%
CECO	D	0.74%
CBZ	F	0.66%
ACLS	F	0.66%
USAP	C	0.65%
KRYS	D	0.65%
SFM	B	0.65%
AMRX	B	0.64%
ZETA	B	0.63%
BMI	B	0.62%
VCTR	B	0.57%
NRIX	C	0.56%
SPRY	C	0.54%
HWKN	B	0.54%
SGBX	F	0.52%
NBN	C	0.52%
GATO	C	0.5%
SKYW	C	0.5%
PETQ	A	0.5%
BCC	C	0.49%
MLI	B	0.49%
AROC	C	0.49%
SKT	B	0.49%
TREE	C	0.49%
ENVA	C	0.49%
FSS	D	0.48%
PCT	C	0.48%
GMS	C	0.48%
NGVC	B	0.48%
TRAK	B	0.48%
OFG	C	0.48%
TPC	C	0.47%
MHO	B	0.47%
GTX	D	0.46%
SMR	D	0.46%
CVLT	B	0.45%
QTWO	B	0.45%
CDE	C	0.45%
CRVL	B	0.45%
DYN	D	0.45%
PIPR	B	0.45%
GVA	B	0.45%
CASH	B	0.44%
TDS	C	0.44%
RDNT	B	0.44%
INSM	D	0.44%
PI	B	0.44%
USLM	B	0.44%
JXN	B	0.43%
RYAN	C	0.43%
MOG.A	B	0.43%
SLG	B	0.43%
RYTM	B	0.43%
BDTX	F	0.43%
UTI	D	0.43%
ICFI	C	0.43%
BGC	B	0.42%
RUSHA	C	0.42%
ALSN	B	0.42%
MTG	B	0.42%
KBH	B	0.42%
IDCC	B	0.41%
AGX	C	0.41%
SPNT	C	0.41%
GKOS	D	0.41%
FBP	C	0.41%
CRNX	C	0.41%
ALKT	D	0.41%
BOOT	B	0.41%
CMPR	F	0.4%
MEC	B	0.4%
BSIG	B	0.4%
USM	C	0.4%
KTB	B	0.4%
FRPT	B	0.4%
LPX	B	0.4%
ACVA	B	0.4%
CRAI	C	0.4%
CNX	A	0.4%
SLVM	B	0.4%
EZPW	D	0.39%
GFF	C	0.39%
AGYS	D	0.39%
TMDX	C	0.39%
MBIN	C	0.39%
LMAT	B	0.39%
SNEX	C	0.39%
DY	B	0.39%
RDW	D	0.39%
MATX	C	0.39%
ROAD	B	0.39%
STOK	C	0.38%
BDC	B	0.38%
PRDO	D	0.38%
VSEC	C	0.38%
CBT	B	0.38%
AVAV	D	0.38%
AGM	D	0.38%
APEI	D	0.38%
OII	D	0.38%
BBSI	B	0.38%
APOG	B	0.37%
OLLI	C	0.37%
INOD	D	0.37%
SXI	C	0.37%
ULH	C	0.37%
RSI	C	0.37%
VERX	D	0.37%
ATRO	D	0.37%
ESAB	C	0.37%
THRD	C	0.37%
DXPE	C	0.37%
BECN	D	0.37%
FELE	C	0.36%
REVG	C	0.36%
MLR	D	0.36%
GOLF	F	0.36%
TWST	D	0.36%
NPO	C	0.36%
PRIM	C	0.36%
EAT	B	0.36%
CRDO	D	0.36%
KURA	D	0.35%
FOR	C	0.35%
THR	D	0.35%
HLX	D	0.35%
APPF	D	0.35%
SMHI	F	0.35%
MRUS	D	0.35%
ARLO	F	0.35%
KEX	C	0.35%
BKD	D	0.35%
ESI	D	0.34%
MRC	D	0.34%
VVV	D	0.34%
CACC	D	0.34%
ANIP	D	0.33%
KD	D	0.33%
LRMR	F	0.33%
NR	F	0.33%
GPOR	C	0.33%
LBRT	D	0.33%
ORN	F	0.32%
BLBD	C	0.32%
VITL	D	0.32%
STRA	D	0.31%
CARS	D	0.31%
ALTR	C	0.31%
VAL	F	0.3%
RCKY	D	0.29%
HY	D	0.29%
BPMC	D	0.29%
FSTR	F	0.29%
FORM	F	0.27%
SGC	F	0.27%
CLSK	F	0.27%
HIMS	D	0.26%
JILL	F	0.26%
NSSC	F	0.25%
VECO	F	0.24%
ARHS	F	0.23%
PEPG	F	0.22%
VRCA	F	0.09%

DWAS Underweight 27 Positions Relative to ACES

Symbol	Grade	Weight
TSLA	C	-7.51%
RIVN	F	-6.65%
ITRI	C	-5.33%
DAR	F	-5.3%
ORA	C	-5.07%
ENPH	C	-4.68%
FSLR	C	-4.5%
HASI	B	-4.44%
RUN	C	-4.44%
ALB	F	-3.93%
LCID	C	-3.78%
NEP	D	-2.77%
CWEN	B	-2.71%
ANDE	D	-1.79%
PLUG	F	-1.66%
FLNC	C	-1.39%
NOVA	C	-1.36%
SHLS	D	-1.2%
AMRC	C	-1.17%
WOLF	F	-1.14%
ARRY	F	-0.99%
GPRE	F	-0.9%
REX	D	-0.79%
CHPT	F	-0.61%
CLNE	C	-0.55%
AMPS	F	-0.2%
PLL	F	-0.15%