FMAT vs. DWAS ETF Comparison

Comparison of Fidelity MSCI Materials Index ETF (FMAT) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

FMAT

Fidelity MSCI Materials Index ETF

FMAT Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Materials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Materials Index, which represents the performance of the materials sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Materials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$53.95

Average Daily Volume

34,318

Number of Holdings ^*

110

* may have additional holdings in another (foreign) market

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

$91.62

Average Daily Volume

57,619

Number of Holdings ^*

187

* may have additional holdings in another (foreign) market

Performance

Period	FMAT	DWAS
30 Days	2.37%	-0.20%
60 Days	7.15%	7.60%
90 Days	10.04%	8.31%
12 Months	25.82%	26.32%

12 Overlapping Holdings

Symbol	Grade	Weight in FMAT	Weight in DWAS	Overlap
ASPN	C	0.12%	0.54%	0.12%
ATI	B	0.56%	0.73%	0.56%
CBT	B	0.43%	0.39%	0.39%
CDE	C	0.19%	0.46%	0.19%
CRS	B	0.51%	0.9%	0.51%
ESI	B	0.41%	0.33%	0.33%
GATO	C	0.05%	0.52%	0.05%
HWKN	A	0.17%	0.52%	0.17%
LPX	A	0.48%	0.43%	0.43%
PCT	C	0.08%	0.58%	0.08%
SLVM	C	0.21%	0.43%	0.21%
USLM	C	0.08%	0.48%	0.08%

FMAT Overweight 98 Positions Relative to DWAS

Symbol	Grade	Weight
LIN	B	15.85%
SHW	B	6.37%
ECL	A	4.51%
FCX	B	4.47%
APD	C	4.47%
NEM	C	4.39%
CTVA	B	2.8%
DOW	B	2.54%
NUE	D	2.45%
DD	B	2.43%
MLM	D	2.35%
VMC	D	2.33%
PPG	D	2.07%
IFF	C	1.82%
SW	B	1.72%
LYB	D	1.71%
BALL	B	1.44%
PKG	A	1.34%
STLD	C	1.25%
AVY	B	1.19%
RS	D	1.13%
IP	B	1.12%
RPM	C	1.11%
AMCR	A	1.1%
CF	A	1.04%
CE	D	0.97%
EMN	B	0.88%
CCK	A	0.79%
ATR	A	0.72%
ALB	D	0.71%
EXP	C	0.68%
RGLD	C	0.66%
GPK	B	0.65%
X	F	0.61%
MOS	F	0.57%
AXTA	C	0.56%
AA	C	0.56%
FMC	B	0.54%
BERY	C	0.53%
CMC	C	0.43%
BCPC	C	0.4%
WLK	B	0.39%
CLF	D	0.39%
SON	D	0.38%
OLN	D	0.37%
SEE	B	0.35%
SUM	D	0.34%
KNF	C	0.34%
AVNT	B	0.31%
SLGN	A	0.31%
FUL	F	0.31%
ASH	F	0.29%
HL	C	0.28%
NEU	F	0.27%
HUN	B	0.26%
SMG	B	0.22%
HCC	D	0.2%
CC	D	0.19%
IOSP	F	0.19%
SXT	C	0.19%
MTX	D	0.17%
KWR	D	0.17%
MTRN	F	0.16%
AMR	F	0.16%
ARCH	D	0.15%
OI	D	0.14%
SCL	D	0.12%
PRM	B	0.12%
MP	C	0.12%
GEF	C	0.11%
NGVT	D	0.1%
TROX	D	0.1%
KALU	D	0.08%
WS	D	0.08%
OEC	F	0.07%
MATV	D	0.07%
TRS	D	0.07%
CENX	C	0.06%
SXC	F	0.05%
ECVT	F	0.05%
HAYN	B	0.05%
ASIX	B	0.05%
KOP	F	0.05%
CLW	F	0.04%
IE	D	0.04%
PTVE	D	0.04%
MTUS	F	0.04%
RYI	F	0.04%
ZEUS	F	0.03%
LXU	D	0.03%
CMP	D	0.03%
MYE	F	0.03%
RDUS	D	0.03%
MERC	D	0.02%
KRO	C	0.02%
PACK	D	0.02%
METC	D	0.02%
GEF	C	0.02%

FMAT Underweight 175 Positions Relative to DWAS

Symbol	Grade	Weight
ADMA	B	-2.41%
MOD	C	-2.11%
LMB	C	-1.58%
STRL	C	-1.54%
NPAB	D	-1.51%
UFPT	D	-1.31%
TRNS	D	-1.15%
COOP	C	-1.11%
OSCR	C	-1.06%
NOG	D	-1.05%
ANF	D	-1.04%
DFIN	D	-1.03%
TDW	F	-0.97%
GRBK	B	-0.92%
KNTK	C	-0.91%
CSWI	B	-0.88%
BELFB	B	-0.85%
RNA	A	-0.83%
AMSC	D	-0.78%
DAKT	D	-0.77%
CECO	D	-0.71%
RXST	F	-0.69%
VIRC	D	-0.69%
SFM	A	-0.66%
USAP	B	-0.66%
ZETA	B	-0.66%
ACLS	F	-0.65%
BMI	A	-0.63%
CBZ	F	-0.62%
AMRX	A	-0.61%
SMR	C	-0.6%
VCTR	C	-0.57%
KRYS	D	-0.56%
NRIX	D	-0.55%
SPRY	C	-0.55%
NBN	B	-0.54%
SGBX	F	-0.53%
SKYW	B	-0.52%
BCC	B	-0.51%
AROC	C	-0.5%
FSS	B	-0.49%
ENVA	C	-0.49%
TREE	C	-0.49%
PETQ	A	-0.48%
PI	B	-0.48%
TPC	B	-0.48%
MLI	B	-0.48%
GMS	D	-0.48%
OFG	D	-0.47%
MHO	A	-0.47%
PIPR	C	-0.47%
SKT	A	-0.47%
GVA	B	-0.46%
QTWO	C	-0.46%
TRAK	D	-0.46%
CRVL	C	-0.45%
NGVC	B	-0.45%
CVLT	C	-0.44%
JXN	B	-0.44%
GTX	F	-0.44%
CNX	A	-0.44%
SLG	C	-0.43%
KBH	C	-0.43%
RDNT	C	-0.43%
RYAN	A	-0.43%
ALSN	A	-0.43%
DYN	D	-0.43%
BOOT	B	-0.43%
RUSHA	C	-0.43%
ICFI	C	-0.42%
ROAD	C	-0.42%
MOG.A	B	-0.42%
RYTM	C	-0.42%
UTI	D	-0.41%
INSM	D	-0.41%
KTB	B	-0.41%
ALKT	D	-0.41%
TDS	B	-0.41%
BSIG	C	-0.41%
MATX	B	-0.41%
BDC	B	-0.41%
MTG	B	-0.41%
AGX	B	-0.41%
BGC	B	-0.41%
CASH	D	-0.41%
OII	D	-0.41%
ACVA	C	-0.4%
CMPR	F	-0.4%
IDCC	A	-0.4%
FBP	D	-0.4%
MEC	B	-0.4%
MBIN	D	-0.39%
SNEX	C	-0.39%
AGYS	D	-0.39%
CRAI	B	-0.39%
GFF	B	-0.39%
SPNT	D	-0.39%
DY	C	-0.39%
GKOS	C	-0.39%
FRPT	C	-0.38%
CRNX	D	-0.38%
DXPE	B	-0.38%
LMAT	B	-0.38%
TMDX	D	-0.38%
ESAB	C	-0.38%
EAT	A	-0.38%
AVAV	B	-0.38%
USM	C	-0.37%
NPO	C	-0.37%
BBSI	A	-0.37%
BECN	F	-0.37%
VERX	B	-0.37%
CRDO	C	-0.37%
RDW	D	-0.37%
RSI	C	-0.37%
THRD	C	-0.37%
SXI	B	-0.37%
ATRO	D	-0.37%
APEI	F	-0.36%
VITL	C	-0.36%
TWST	D	-0.36%
EZPW	D	-0.36%
HLX	D	-0.36%
KEX	C	-0.36%
FELE	B	-0.36%
ULH	C	-0.36%
OLLI	C	-0.36%
PRDO	D	-0.36%
APOG	B	-0.36%
PRIM	C	-0.36%
MRC	D	-0.35%
REVG	D	-0.35%
INOD	D	-0.35%
BKD	D	-0.35%
FOR	D	-0.35%
APPF	C	-0.35%
AGM	F	-0.35%
MLR	D	-0.35%
VVV	D	-0.34%
GOLF	F	-0.34%
SMHI	F	-0.34%
LBRT	F	-0.34%
VSEC	D	-0.34%
THR	F	-0.34%
ARLO	F	-0.34%
GPOR	B	-0.33%
STOK	D	-0.33%
CACC	F	-0.33%
KD	F	-0.32%
NR	F	-0.32%
BDTX	F	-0.32%
ANIP	D	-0.32%
ALTR	C	-0.32%
MRUS	D	-0.32%
BLBD	D	-0.32%
KURA	D	-0.32%
VAL	F	-0.3%
CARS	F	-0.3%
STRA	F	-0.29%
ORN	F	-0.29%
HY	F	-0.29%
BPMC	F	-0.29%
LRMR	F	-0.28%
FSTR	D	-0.28%
SGC	F	-0.27%
CLSK	F	-0.27%
FORM	F	-0.26%
HIMS	C	-0.26%
RCKY	C	-0.26%
NSSC	F	-0.26%
JILL	F	-0.25%
ARHS	F	-0.25%
VECO	F	-0.24%
PEPG	F	-0.19%
VRCA	F	-0.07%