KBE vs. KBWR ETF Comparison

Comparison of SPDR S&P Bank ETF (KBE) to PowerShares KBW Regional Banking Portfolio ETF (KBWR)

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$54.21

Average Daily Volume

1,570,809

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWR

PowerShares KBW Regional Banking Portfolio ETF

KBWR Description

The PowerShares KBW Regional Banking Portfolio (Fund) is based on the KBW Regional Banking Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal weighted float-adjusted market capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on US stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$58.06

Average Daily Volume

3,600

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBE	KBWR
30 Days	5.61%	6.57%
60 Days	1.26%	0.96%
90 Days	9.23%	8.39%
12 Months	49.65%	35.75%

46 Overlapping Holdings

Symbol	Grade	Weight in KBE	Weight in KBWR	Overlap
ABCB	B	1.13%	2.04%	1.13%
ASB	A	1.21%	1.97%	1.21%
AUB	C	1.0%	1.86%	1.0%
BANC	B	1.2%	1.52%	1.2%
BKU	C	1.08%	1.65%	1.08%
BOH	A	1.15%	1.65%	1.15%
BOKF	B	0.97%	2.05%	0.97%
BPOP	F	1.02%	2.93%	1.02%
CADE	B	1.17%	2.09%	1.17%
CATY	A	0.94%	2.04%	0.94%
CBSH	A	1.11%	3.62%	1.11%
CBU	A	0.91%	1.9%	0.91%
CFR	B	1.31%	2.26%	1.31%
COLB	A	1.29%	2.23%	1.29%
CVBF	B	0.97%	1.7%	0.97%
EBC	C	0.99%	1.96%	0.99%
FBP	D	1.05%	1.8%	1.05%
FFBC	A	0.57%	1.51%	0.57%
FFIN	D	1.11%	2.0%	1.11%
FHB	A	0.87%	1.91%	0.87%
FIBK	B	1.13%	2.05%	1.13%
FNB	A	1.14%	1.92%	1.14%
FULT	B	1.1%	1.82%	1.1%
GBCI	A	1.26%	2.01%	1.26%
HOMB	B	1.12%	1.94%	1.12%
HWC	A	1.17%	1.92%	1.17%
INDB	B	0.94%	1.66%	0.94%
ONB	A	1.12%	1.9%	1.12%
OZK	B	1.18%	2.04%	1.18%
PB	B	1.12%	1.99%	1.12%
PFS	B	0.99%	1.55%	0.99%
PNFP	A	1.19%	3.63%	1.19%
PPBI	B	0.79%	1.5%	0.79%
SFNC	A	0.67%	1.83%	0.67%
SNV	B	1.22%	2.12%	1.22%
SSB	B	1.14%	3.41%	1.14%
TCBI	B	1.23%	2.24%	1.23%
TRMK	B	0.61%	1.31%	0.61%
UBSI	A	1.12%	1.9%	1.12%
UCB	D	0.84%	1.84%	0.84%
UMBF	A	1.11%	2.03%	1.11%
VLY	A	1.22%	2.2%	1.22%
WAFD	D	0.87%	1.73%	0.87%
WBS	B	1.29%	4.05%	1.29%
WSFS	D	0.76%	1.84%	0.76%
WTFC	B	1.21%	2.09%	1.21%

KBE Overweight 47 Positions Relative to KBWR

Symbol	Grade	Weight
APO	B	1.41%
WFC	B	1.38%
EWBC	A	1.35%
JXN	B	1.32%
CRBG	B	1.29%
NTRS	B	1.28%
MTB	B	1.28%
EQH	B	1.26%
ZION	B	1.24%
BK	B	1.23%
FHN	B	1.22%
BAC	B	1.22%
JPM	A	1.22%
CMA	A	1.21%
HBAN	B	1.2%
RF	B	1.2%
USB	B	1.2%
C	A	1.2%
KEY	B	1.19%
VOYA	B	1.19%
PNC	B	1.18%
FITB	B	1.16%
WD	C	1.16%
CFG	A	1.16%
TFC	C	1.15%
AX	B	1.15%
FCNCA	C	1.15%
WAL	C	1.13%
MTG	D	1.11%
ESNT	F	1.07%
TBBK	D	1.07%
RDN	F	1.07%
NMIH	D	1.06%
COOP	D	1.05%
PFSI	D	0.98%
RKT	D	0.93%
SFBS	A	0.88%
IBOC	B	0.85%
RNST	B	0.83%
TFIN	B	0.79%
IBTX	B	0.77%
BANR	A	0.72%
SBCF	B	0.72%
HTH	D	0.61%
FRME	C	0.52%
LKFN	B	0.43%
WSBC	A	0.42%

KBE Underweight 3 Positions Relative to KBWR

Symbol	Grade	Weight
FCF	D	-1.08%
HOPE	D	-0.96%
BRKL	A	-0.58%