DWAS vs. SHRT ETF Comparison

Comparison of PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) to Gotham Short Strategies ETF (SHRT)

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

$102.69

Average Daily Volume

31,945

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.55

Average Daily Volume

2,487

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	DWAS	SHRT
30 Days	11.37%	-7.59%
60 Days	10.79%	-8.76%
90 Days	11.29%	-8.43%
12 Months	38.56%	-6.99%

13 Overlapping Holdings

Symbol	Grade	Weight in DWAS	Weight in SHRT	Overlap
ADMA	B	1.49%	0.15%	0.15%
CNX	A	0.47%	0.5%	0.47%
CRVL	A	0.46%	0.0%	0.0%
FSS	B	0.44%	0.47%	0.44%
KEX	C	0.36%	0.09%	0.09%
KTB	B	0.45%	0.15%	0.15%
LPX	B	0.44%	1.65%	0.44%
MATX	C	0.42%	0.83%	0.42%
PRIM	A	0.48%	0.06%	0.06%
QTWO	A	0.45%	0.05%	0.05%
R	B	0.4%	0.01%	0.01%
RUSHA	C	0.46%	0.01%	0.01%
SKYW	B	0.61%	0.23%	0.23%

DWAS Overweight 169 Positions Relative to SHRT

Symbol	Grade	Weight
LMB	A	1.64%
STRL	B	1.57%
MOD	A	1.55%
KNTK	B	1.18%
COOP	B	1.1%
NUVL	D	1.02%
AMSC	B	0.95%
CRS	A	0.92%
SFM	A	0.89%
CSWI	A	0.88%
UFPT	B	0.88%
DFIN	D	0.85%
HRTG	C	0.82%
BELFB	C	0.8%
RNA	D	0.79%
CVNA	B	0.78%
GRBK	D	0.78%
BYRN	B	0.74%
USLM	A	0.74%
OSCR	D	0.7%
CECO	A	0.7%
NBN	B	0.7%
USAP	B	0.68%
GPI	A	0.66%
VCTR	B	0.64%
RXST	F	0.61%
RDW	B	0.61%
ATI	D	0.61%
MLI	C	0.6%
AMRX	C	0.6%
ENVA	B	0.59%
PAY	B	0.57%
AROC	B	0.55%
HWKN	B	0.54%
BMI	B	0.54%
AGX	B	0.53%
COMM	D	0.52%
GVA	A	0.51%
TPC	C	0.51%
CCB	A	0.5%
TDS	B	0.49%
PCT	C	0.49%
KRYS	B	0.49%
VERX	B	0.49%
PIPR	B	0.49%
TRAK	B	0.48%
IDCC	A	0.48%
SKT	B	0.48%
ALSN	B	0.47%
VSEC	C	0.47%
JXN	C	0.46%
RDNT	B	0.46%
CORT	B	0.46%
NECB	B	0.45%
UTI	A	0.44%
ROAD	A	0.44%
AUR	C	0.43%
HROW	D	0.43%
BSIG	A	0.43%
TGTX	B	0.43%
PRDO	B	0.43%
SKY	A	0.43%
APLT	B	0.43%
LMAT	A	0.42%
SLVM	B	0.42%
SNEX	B	0.42%
CASH	A	0.42%
TVTX	B	0.42%
OFG	B	0.42%
AGYS	A	0.42%
APOG	B	0.42%
AVAV	D	0.41%
ESQ	A	0.41%
SXI	B	0.41%
RYAN	B	0.41%
NRIX	D	0.41%
NRIM	A	0.41%
ZETA	D	0.41%
NGVC	A	0.41%
WT	B	0.41%
INBK	B	0.41%
ALKT	B	0.41%
MLR	B	0.4%
FRPT	B	0.4%
AGM	C	0.4%
RYTM	C	0.4%
PRCT	B	0.4%
BBSI	B	0.4%
RYAM	C	0.4%
GKOS	B	0.4%
MMSI	B	0.4%
SPNT	A	0.39%
ACVA	B	0.39%
RSI	B	0.39%
AMAL	B	0.39%
BDC	B	0.39%
MOG.A	B	0.39%
HURN	B	0.39%
WEAV	B	0.39%
CVLT	B	0.39%
BGC	C	0.39%
NPO	A	0.38%
CVCO	A	0.38%
OCUL	D	0.38%
REVG	B	0.38%
SLG	B	0.38%
GOLF	B	0.38%
INSM	C	0.37%
DY	D	0.37%
WLDN	D	0.37%
PBI	B	0.37%
TBBK	B	0.37%
AXSM	B	0.37%
VNO	B	0.37%
AVAH	B	0.37%
MHO	D	0.37%
IMNM	F	0.37%
DSGR	D	0.36%
FBP	B	0.36%
SMTC	B	0.36%
NMRK	B	0.36%
CRNX	C	0.36%
SAVA	D	0.35%
MTG	C	0.35%
CDMO	B	0.35%
BVS	D	0.35%
CBT	C	0.35%
ALHC	C	0.35%
TREE	F	0.34%
AQST	D	0.34%
GIII	D	0.34%
PLCE	C	0.34%
CXT	B	0.34%
SERA	F	0.34%
CDE	D	0.34%
AXGN	D	0.33%
TPH	D	0.33%
SWIM	C	0.33%
TWST	D	0.33%
PI	D	0.33%
PNTG	D	0.33%
KYMR	D	0.33%
PTGX	C	0.32%
GCI	D	0.32%
VRNS	D	0.32%
PATK	D	0.32%
MBIN	D	0.31%
KBH	D	0.31%
ICFI	F	0.31%
COGT	D	0.3%
ALDX	D	0.29%
MG	D	0.29%
THRD	D	0.29%
BOOT	D	0.29%
MEC	D	0.29%
LSEA	D	0.28%
ATRO	D	0.28%
DFH	D	0.28%
PLUS	F	0.28%
BKD	D	0.27%
HBB	F	0.25%
UWMC	D	0.25%
RKT	F	0.25%
MAX	F	0.24%
TNDM	F	0.23%
RDFN	D	0.22%
IGMS	F	0.19%
PHAT	F	0.17%
NOVA	F	0.12%

DWAS Underweight 187 Positions Relative to SHRT

Symbol	Grade	Weight
GM	B	-2.09%
TGT	F	-2.05%
THC	D	-1.9%
LRCX	F	-1.84%
FMC	D	-1.45%
BIIB	F	-1.36%
CHWY	B	-1.34%
CVX	A	-1.31%
CRUS	D	-1.26%
SWKS	F	-1.21%
TSN	B	-1.15%
ELAN	D	-1.13%
EOG	A	-1.12%
RVTY	F	-1.12%
PPC	C	-1.09%
GTLS	B	-1.08%
QGEN	D	-1.01%
ZBRA	B	-1.0%
WBA	F	-0.92%
JBHT	C	-0.9%
QRVO	F	-0.88%
LII	A	-0.84%
MU	D	-0.82%
CHTR	C	-0.82%
JCI	C	-0.81%
NOC	D	-0.81%
MTZ	B	-0.8%
D	C	-0.8%
KLAC	D	-0.8%
UPS	C	-0.8%
UHS	D	-0.8%
TKO	B	-0.78%
CTLT	B	-0.75%
INGR	B	-0.73%
FCX	D	-0.71%
MKSI	C	-0.71%
CEG	D	-0.69%
OVV	B	-0.69%
ICUI	D	-0.67%
STX	D	-0.66%
WDC	D	-0.65%
LHX	C	-0.65%
PFE	D	-0.65%
CROX	D	-0.64%
J	F	-0.63%
CL	D	-0.63%
MOH	F	-0.63%
BALL	D	-0.62%
MUR	D	-0.61%
MRO	B	-0.59%
HOLX	D	-0.58%
ENPH	F	-0.57%
KMX	B	-0.56%
EL	F	-0.56%
RGEN	D	-0.55%
POST	C	-0.55%
ANET	C	-0.51%
EME	C	-0.5%
AVNT	B	-0.5%
ECL	D	-0.5%
AVTR	F	-0.49%
ABBV	D	-0.48%
NCLH	B	-0.48%
CLX	B	-0.46%
EXEL	B	-0.46%
SCCO	F	-0.45%
TPX	B	-0.44%
HALO	F	-0.44%
GNRC	B	-0.43%
BMRN	D	-0.42%
CCK	C	-0.4%
MAS	D	-0.39%
SLGN	A	-0.38%
LTH	C	-0.37%
VMC	B	-0.36%
HAS	D	-0.35%
NSC	B	-0.35%
DD	D	-0.35%
CF	B	-0.34%
TRU	D	-0.34%
ZTS	D	-0.33%
IQV	D	-0.33%
GD	F	-0.33%
MSGS	A	-0.32%
VMI	B	-0.32%
AMAT	F	-0.31%
CI	F	-0.31%
XRAY	F	-0.31%
JAZZ	B	-0.3%
LKQ	D	-0.3%
HES	B	-0.3%
TWLO	A	-0.29%
BLD	D	-0.29%
MMS	F	-0.29%
CTRA	B	-0.27%
SO	D	-0.27%
EMR	A	-0.26%
UI	A	-0.26%
ONTO	D	-0.26%
TXRH	C	-0.25%
ASH	D	-0.24%
BPMC	C	-0.24%
SYK	C	-0.23%
WSM	B	-0.23%
ILMN	D	-0.22%
NFG	A	-0.22%
LEVI	F	-0.22%
ALLE	D	-0.21%
FLS	B	-0.21%
PSN	D	-0.21%
BAH	F	-0.2%
HIMS	B	-0.2%
EFX	F	-0.2%
COTY	F	-0.2%
MRVL	B	-0.2%
EW	C	-0.19%
TYL	B	-0.19%
CHDN	B	-0.18%
FOXA	B	-0.18%
H	B	-0.17%
NBIX	C	-0.17%
ALKS	B	-0.17%
GFS	C	-0.16%
GDDY	A	-0.16%
ACIW	B	-0.16%
ESI	A	-0.16%
EMN	D	-0.16%
APPF	B	-0.15%
VTRS	A	-0.14%
VLTO	D	-0.14%
SHAK	C	-0.14%
RKLB	B	-0.13%
SWX	B	-0.13%
LYFT	C	-0.13%
ISRG	A	-0.12%
INFA	D	-0.12%
TMO	F	-0.12%
PODD	C	-0.11%
GMED	A	-0.11%
CNI	D	-0.11%
IDXX	F	-0.11%
PNR	A	-0.1%
IPG	D	-0.1%
AWI	A	-0.09%
FCN	D	-0.09%
SEM	B	-0.09%
OLED	D	-0.09%
TPL	A	-0.09%
PEN	B	-0.09%
SPOT	B	-0.08%
RGLD	C	-0.08%
PLXS	B	-0.08%
IGT	F	-0.08%
NOV	C	-0.08%
REGN	F	-0.08%
PTC	A	-0.07%
CHD	B	-0.07%
CWAN	B	-0.07%
ABG	B	-0.07%
VRSN	F	-0.07%
ROST	C	-0.06%
SNDR	B	-0.05%
NXST	C	-0.05%
FTDR	A	-0.04%
DTM	B	-0.04%
NTRA	B	-0.03%
MPWR	F	-0.03%
UBER	D	-0.03%
CMC	B	-0.03%
PWR	A	-0.02%
AOS	F	-0.02%
TER	D	-0.02%
DNB	B	-0.02%
BFAM	D	-0.02%
HSIC	B	-0.02%
APG	B	-0.02%
MTCH	D	-0.02%
TTEK	F	-0.02%
BLDR	D	-0.02%
GEHC	F	-0.01%
IAC	D	-0.01%
SITM	B	-0.01%
DOX	D	-0.01%
ZBH	C	-0.01%
EHC	B	-0.01%
DVA	B	-0.01%
OPCH	D	-0.01%