KBWB vs. SMLV ETF Comparison

Comparison of PowerShares KBW Bank Portfolio ETF (KBWB) to SPDR Russell 2000 Low Volatility (SMLV)

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$58.70

Average Daily Volume

778,269

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$121.52

Average Daily Volume

10,035

Number of Holdings ^*

402

* may have additional holdings in another (foreign) market

Performance

Period	KBWB	SMLV
30 Days	4.76%	0.79%
60 Days	8.27%	4.07%
90 Days	8.62%	12.46%
12 Months	55.51%	27.32%

0 Overlapping Holdings

	Symbol	Grade	Weight in KBWB	Weight in SMLV	Overlap

KBWB Overweight 24 Positions Relative to SMLV

Symbol	Grade	Weight
MS	A	8.32%
BAC	B	7.95%
GS	B	7.93%
WFC	B	7.82%
JPM	C	7.6%
BK	A	4.3%
MTB	A	4.14%
COF	A	4.12%
STT	A	4.11%
C	B	4.07%
FITB	C	4.05%
PNC	B	4.01%
USB	C	3.89%
TFC	D	3.87%
HBAN	B	3.64%
RF	B	3.61%
CFG	C	3.14%
NTRS	B	3.13%
KEY	B	2.68%
EWBC	B	1.94%
WAL	C	1.62%
FHN	C	1.4%
CMA	C	1.36%
ZION	C	1.18%

KBWB Underweight 402 Positions Relative to SMLV

Symbol	Grade	Weight
NNI	C	-1.76%
PJT	A	-1.76%
THG	C	-1.63%
CBU	D	-1.53%
VIRT	B	-1.47%
PRK	D	-1.35%
ONB	D	-1.33%
NBTB	D	-1.32%
ESGR	D	-1.23%
CHCO	D	-1.22%
FFIN	D	-1.17%
NWBI	D	-1.15%
TOWN	C	-1.11%
CNO	C	-1.11%
GCMG	B	-1.09%
NBHC	D	-1.08%
HMN	C	-1.05%
MGRC	C	-1.04%
BUSE	D	-1.02%
SYBT	C	-1.02%
EFSC	D	-1.02%
SASR	B	-0.99%
IBOC	D	-0.99%
FCF	D	-0.99%
STBA	D	-0.98%
WAFD	D	-0.95%
FULT	D	-0.93%
RDN	D	-0.92%
TRMK	D	-0.91%
WU	D	-0.9%
WABC	F	-0.9%
NIC	D	-0.89%
GBCI	B	-0.89%
HOMB	D	-0.89%
QCRH	C	-0.86%
EIG	C	-0.86%
BLX	B	-0.85%
SAFT	D	-0.84%
SFNC	B	-0.81%
AGM	F	-0.81%
WSBC	D	-0.8%
LKFN	F	-0.78%
GABC	D	-0.78%
SRCE	D	-0.74%
PEBO	D	-0.72%
EQC	D	-0.71%
SBSI	D	-0.68%
EVTC	D	-0.68%
AMSF	D	-0.66%
FBMS	D	-0.65%
OBK	F	-0.65%
BRKL	D	-0.63%
PAX	F	-0.62%
CTBI	C	-0.61%
BFC	D	-0.58%
FMBH	D	-0.57%
UVSP	D	-0.57%
BHRB	D	-0.56%
TMP	B	-0.54%
HFWA	D	-0.53%
CFFN	F	-0.52%
NFG	A	-0.51%
FCBC	D	-0.47%
TRST	D	-0.44%
TRIN	C	-0.44%
CAC	C	-0.41%
FMNB	D	-0.38%
MCBS	D	-0.38%
HTBI	D	-0.36%
GSBC	D	-0.36%
CCNE	D	-0.35%
THFF	D	-0.35%
HONE	D	-0.35%
AROW	D	-0.34%
CCBG	D	-0.33%
ESQ	C	-0.32%
DHIL	D	-0.32%
BHB	D	-0.32%
NFBK	D	-0.32%
FLO	F	-0.31%
MPB	C	-0.31%
EBF	B	-0.3%
SMBK	C	-0.29%
ALRS	B	-0.29%
KRNY	D	-0.28%
SPFI	D	-0.28%
HIFS	D	-0.27%
AGX	B	-0.27%
BSRR	D	-0.27%
ORRF	C	-0.26%
GLRE	D	-0.26%
ACNB	C	-0.25%
FBIZ	D	-0.25%
IDA	D	-0.25%
FMAO	D	-0.25%
OKLO	C	-0.25%
NWE	C	-0.25%
FSBC	D	-0.24%
PNM	B	-0.24%
NHC	D	-0.23%
PFIS	D	-0.23%
MGEE	C	-0.22%
CPK	C	-0.22%
HBCP	D	-0.22%
PECO	D	-0.22%
EBTC	C	-0.22%
BKH	C	-0.22%
ARTNA	F	-0.22%
CZNC	D	-0.21%
SLGN	C	-0.21%
SR	D	-0.21%
FSBW	D	-0.21%
BWB	B	-0.21%
SBR	B	-0.2%
GNTY	D	-0.2%
WTBA	D	-0.2%
NWN	D	-0.2%
CSWI	A	-0.19%
FLIC	B	-0.19%
SXT	C	-0.18%
VLGEA	D	-0.18%
FNLC	D	-0.18%
WSBF	D	-0.18%
DEA	D	-0.18%
NPK	F	-0.18%
FRST	D	-0.18%
GTY	C	-0.18%
TRC	F	-0.17%
PSTL	D	-0.17%
BRC	C	-0.16%
CTO	D	-0.16%
JJSF	D	-0.16%
CBNK	C	-0.16%
CMPO	B	-0.16%
TRS	D	-0.15%
FELE	B	-0.15%
BNL	C	-0.15%
HTLD	F	-0.15%
LXP	D	-0.15%
EXPO	B	-0.15%
GPOR	B	-0.15%
ICFI	B	-0.15%
ARKO	B	-0.15%
LTC	D	-0.14%
CVLT	B	-0.14%
GENC	C	-0.14%
PLXS	B	-0.14%
FCPT	C	-0.14%
CALM	A	-0.14%
UNF	C	-0.14%
WERN	D	-0.14%
NHI	C	-0.14%
PBH	F	-0.14%
CSR	D	-0.14%
BMI	A	-0.14%
SCL	D	-0.13%
COLM	D	-0.13%
ACA	B	-0.13%
CTRE	C	-0.13%
UFPT	D	-0.13%
HWKN	B	-0.13%
SNDR	C	-0.13%
SMP	D	-0.13%
KREF	C	-0.13%
GOOD	B	-0.13%
ADMA	A	-0.13%
NTST	F	-0.13%
UHT	D	-0.13%
HSTM	D	-0.13%
UTMD	F	-0.13%
MRTN	F	-0.12%
BHE	C	-0.12%
HNI	B	-0.12%
ESE	C	-0.12%
ROAD	C	-0.12%
JBSS	F	-0.12%
MWA	A	-0.12%
TGNA	C	-0.12%
CSGS	B	-0.12%
HIW	C	-0.12%
FSS	D	-0.12%
VMI	B	-0.12%
PKE	D	-0.12%
AFCG	D	-0.12%
GEF	B	-0.12%
BCAL	F	-0.12%
GATX	D	-0.12%
PRGS	B	-0.12%
GHC	C	-0.11%
DORM	D	-0.11%
ICUI	C	-0.11%
MLR	B	-0.11%
ASH	F	-0.11%
LNN	C	-0.11%
PINC	F	-0.11%
HCKT	D	-0.11%
ADUS	D	-0.11%
FTDR	C	-0.11%
IRT	D	-0.11%
CUZ	C	-0.11%
NOMD	D	-0.11%
CBZ	F	-0.11%
KW	C	-0.11%
OSIS	C	-0.11%
HCC	B	-0.11%
GRC	B	-0.11%
JBGS	C	-0.1%
RGP	F	-0.1%
CCOI	B	-0.1%
GMRE	C	-0.1%
CASS	F	-0.1%
PAHC	C	-0.1%
SRCL	A	-0.1%
WDFC	D	-0.1%
ACIW	C	-0.1%
MOG.A	C	-0.1%
WEN	B	-0.1%
RUSHA	D	-0.1%
MSGS	A	-0.1%
INVA	B	-0.1%
BFS	C	-0.1%
LMAT	C	-0.1%
AROC	B	-0.1%
NTCT	D	-0.1%
HUBG	D	-0.1%
DEI	B	-0.1%
TNC	F	-0.09%
PSMT	B	-0.09%
SXI	B	-0.09%
AHH	F	-0.09%
LILAK	D	-0.09%
RNGR	B	-0.09%
AVT	B	-0.09%
ALG	F	-0.09%
PLOW	D	-0.09%
ATNI	B	-0.09%
HSII	D	-0.09%
DNB	D	-0.09%
CHCT	F	-0.09%
INSM	D	-0.09%
BLKB	D	-0.09%
RDWR	C	-0.09%
WINA	D	-0.09%
PCH	C	-0.09%
TRNS	D	-0.09%
RGR	F	-0.08%
SHOO	C	-0.08%
WEYS	C	-0.08%
SPNS	D	-0.08%
HURN	D	-0.08%
EPAC	A	-0.08%
APOG	B	-0.08%
FPI	C	-0.08%
VAL	F	-0.08%
ENS	B	-0.08%
PLUS	B	-0.08%
SXC	F	-0.08%
KFRC	F	-0.08%
SQSP	A	-0.08%
LOPE	F	-0.08%
AZZ	B	-0.08%
BBSI	B	-0.08%
ABM	D	-0.08%
APLE	B	-0.08%
OMCL	C	-0.08%
NCNO	F	-0.08%
MTX	C	-0.08%
CRC	B	-0.08%
MGIC	C	-0.08%
RLGT	D	-0.08%
IOSP	F	-0.08%
GLDD	B	-0.08%
KAI	C	-0.08%
LZB	D	-0.08%
SATS	C	-0.08%
PRIM	B	-0.08%
PBT	D	-0.08%
PRGO	F	-0.07%
FORR	F	-0.07%
ENV	B	-0.07%
FUL	F	-0.07%
SUPN	D	-0.07%
IBEX	C	-0.07%
MLAB	C	-0.07%
CRI	D	-0.07%
GPI	D	-0.07%
CXT	F	-0.07%
SPOK	D	-0.07%
MEI	F	-0.07%
CORT	C	-0.07%
TTMI	D	-0.07%
CNNE	F	-0.07%
HUN	B	-0.07%
AVNS	D	-0.07%
BOX	C	-0.07%
SANM	D	-0.07%
PRDO	D	-0.07%
SFL	C	-0.07%
CTS	C	-0.07%
KN	D	-0.07%
LAUR	C	-0.07%
MRCY	C	-0.07%
ITGR	B	-0.07%
DK	F	-0.06%
VPG	F	-0.06%
ATEX	D	-0.06%
ARCH	C	-0.06%
ATEN	B	-0.06%
STRA	F	-0.06%
AGIO	D	-0.06%
ETD	C	-0.06%
SEM	D	-0.06%
IRDM	C	-0.06%
NVEC	F	-0.06%
SCSC	D	-0.06%
JOUT	F	-0.06%
CABO	F	-0.06%
VSH	F	-0.06%
CMCO	C	-0.06%
CSV	D	-0.06%
AIN	F	-0.06%
TPH	C	-0.06%
CVCO	C	-0.06%
MNRO	C	-0.06%
GPRK	F	-0.06%
MMSI	C	-0.06%
VIAV	C	-0.06%
CENT	F	-0.06%
ITRN	D	-0.06%
JBT	B	-0.06%
MYRG	D	-0.05%
NEOG	F	-0.05%
SHEN	F	-0.05%
VECO	F	-0.05%
NATR	F	-0.05%
SRDX	D	-0.05%
MTRN	F	-0.05%
AMN	F	-0.05%
JBI	F	-0.05%
CNMD	F	-0.05%
CNXC	F	-0.05%
HRMY	D	-0.05%
PZZA	D	-0.05%
BL	C	-0.05%
GKOS	C	-0.05%
FORM	D	-0.05%
WK	D	-0.05%
AMPH	C	-0.05%
ZD	D	-0.05%
ASGN	C	-0.05%
POWI	F	-0.05%
PDCO	F	-0.05%
AEIS	B	-0.05%
ALKS	C	-0.05%
LIVN	C	-0.05%
MATW	F	-0.05%
NVST	D	-0.05%
ECVT	F	-0.05%
HAE	D	-0.05%
RDNT	C	-0.05%
FSTR	D	-0.05%
OFIX	D	-0.05%
SPB	C	-0.05%
AMED	D	-0.05%
IRMD	C	-0.05%
CEVA	B	-0.05%
IMTX	F	-0.04%
ALRM	F	-0.04%
ZIP	D	-0.04%
IART	F	-0.04%
RARE	D	-0.04%
ARCO	C	-0.04%
TTGT	F	-0.04%
ANIP	F	-0.04%
USPH	F	-0.04%
NARI	F	-0.04%
OXM	F	-0.04%
NRC	F	-0.04%
OGN	F	-0.04%
IPGP	C	-0.04%
PTCT	C	-0.04%
LEG	D	-0.04%
VRNT	F	-0.04%
USNA	F	-0.04%
THRM	F	-0.04%
SCHL	F	-0.04%
KIDS	F	-0.04%
ANIK	F	-0.04%
XNCR	D	-0.04%
BOWL	C	-0.04%
AAP	F	-0.03%
IRWD	F	-0.03%
PCRX	D	-0.03%
TBPH	F	-0.03%
HELE	D	-0.03%
VREX	F	-0.03%
HLF	F	-0.03%
CBRL	D	-0.03%
HI	F	-0.03%
ATRC	D	-0.03%
ACAD	F	-0.02%
AZTA	F	-0.02%