FOVL vs. XSHQ ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to PowerShares S&P SmallCap Quality Portfolio (XSHQ)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.65

Average Daily Volume

1,886

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$42.74

Average Daily Volume

96,116

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	XSHQ
30 Days	2.47%	0.94%
60 Days	9.26%	-0.77%
90 Days	13.12%	10.79%
12 Months	42.44%	24.32%

0 Overlapping Holdings

	Symbol	Grade	Weight in FOVL	Weight in XSHQ	Overlap

FOVL Overweight 39 Positions Relative to XSHQ

Symbol	Grade	Weight
FYBR	C	3.93%
TOL	A	3.89%
PNFP	D	3.48%
IBKR	A	3.37%
SF	A	3.2%
AXS	A	3.05%
JPM	D	2.98%
SNV	D	2.96%
ORI	B	2.91%
LPX	A	2.91%
BLDR	B	2.86%
JHG	C	2.86%
T	A	2.81%
COF	C	2.78%
FHB	D	2.66%
Z	C	2.66%
CNA	D	2.62%
CUZ	C	2.62%
KMI	A	2.61%
WLK	C	2.57%
WTM	D	2.54%
FNB	D	2.51%
WBS	D	2.5%
HPE	B	2.48%
STT	C	2.46%
DFS	C	2.44%
AMG	B	2.39%
PFG	C	2.32%
PNW	A	2.23%
AN	C	2.21%
LYB	D	2.17%
THO	B	2.16%
SNDR	C	2.01%
AGR	C	1.95%
NUE	D	1.88%
UNM	A	1.75%
ALK	B	1.71%
CLF	D	1.55%
LLYVK	A	0.79%

FOVL Underweight 114 Positions Relative to XSHQ

Symbol	Grade	Weight
MLI	C	-3.6%
JXN	A	-2.86%
AWI	A	-2.35%
IBP	B	-2.21%
KTB	B	-2.07%
BMI	A	-2.05%
APAM	C	-2.04%
ALKS	B	-1.92%
PJT	C	-1.74%
BCC	C	-1.74%
FSS	B	-1.73%
LNC	D	-1.65%
SIG	C	-1.63%
CORT	B	-1.58%
JBT	B	-1.56%
BCPC	C	-1.55%
WDFC	B	-1.53%
MHO	C	-1.5%
ASO	D	-1.49%
FTDR	C	-1.45%
RDN	D	-1.44%
FELE	C	-1.32%
SM	F	-1.27%
CEIX	B	-1.25%
CNS	C	-1.22%
FBP	D	-1.21%
AEO	B	-1.21%
CRVL	C	-1.2%
AGO	B	-1.17%
BRC	C	-1.16%
AMR	F	-1.14%
TBBK	C	-1.09%
IDCC	A	-1.08%
AGYS	D	-1.08%
NMIH	C	-1.08%
AX	D	-1.08%
POWL	A	-1.06%
GMS	C	-1.04%
SHOO	A	-0.99%
LCII	B	-0.94%
ARCH	D	-0.93%
OTTR	F	-0.92%
PATK	C	-0.91%
DORM	C	-0.91%
HP	F	-0.9%
CATY	D	-0.86%
PLMR	C	-0.8%
UE	C	-0.79%
EPAC	C	-0.78%
IOSP	F	-0.77%
ROCK	D	-0.73%
ASTH	A	-0.72%
YELP	D	-0.7%
BKE	D	-0.67%
IPAR	D	-0.66%
OFG	D	-0.65%
DFIN	C	-0.64%
PRG	C	-0.63%
ANDE	D	-0.63%
CASH	D	-0.63%
TNC	F	-0.63%
HWKN	A	-0.62%
APOG	B	-0.62%
WOR	F	-0.61%
GRBK	C	-0.59%
SXI	C	-0.58%
CENTA	F	-0.56%
KLG	D	-0.56%
COLL	B	-0.52%
GIII	C	-0.52%
NHC	D	-0.51%
CHCO	D	-0.51%
STAA	D	-0.5%
MCY	B	-0.5%
PDCO	F	-0.5%
CENX	B	-0.49%
WABC	F	-0.48%
LKFN	F	-0.48%
BANF	D	-0.47%
PLAB	D	-0.47%
HRMY	D	-0.47%
AMWD	B	-0.46%
FIZZ	D	-0.45%
LPG	F	-0.42%
WS	D	-0.42%
OXM	F	-0.42%
CAL	F	-0.41%
VRTS	F	-0.41%
CSGS	C	-0.41%
GDEN	D	-0.4%
DNOW	F	-0.39%
ATEN	B	-0.39%
LNN	C	-0.39%
WNC	F	-0.37%
MCRI	B	-0.36%
AMSF	B	-0.36%
PFBC	D	-0.36%
EIG	B	-0.35%
JBSS	F	-0.35%
TILE	C	-0.33%
HCI	B	-0.32%
REX	D	-0.28%
CVI	F	-0.24%
MNRO	B	-0.24%
IIIN	F	-0.24%
PCRX	F	-0.2%
CCRN	F	-0.19%
SLP	F	-0.15%
LQDT	C	-0.15%
GES	F	-0.15%
RES	D	-0.14%
CLW	F	-0.13%
NPK	F	-0.11%
USNA	F	-0.11%