KBWP vs. ARKX ETF Comparison

Comparison of PowerShares KBW Property & Casualty Insurance Portfolio ETF (KBWP) to ARK Space Exploration & Innovation ETF (ARKX)

KBWP

PowerShares KBW Property & Casualty Insurance Portfolio ETF

KBWP Description

The PowerShares KBW Property & Casualty Insurance Portfolio (Fund) is based on the KBW Property & Casualty Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is a modified market capitalization weighted index that seeks to reflect the performance of approximately 24 property and casualty insurance companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$117.37

Average Daily Volume

49,446

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ARKX

ARK Space Exploration & Innovation ETF

ARKX Description

The ARK Space Exploration & Innovation ETF’s (“Fund”) investment objective is long-term growth of capital. ARKX is an actively-managed exchange-traded fund (“ETF”) that will invest under normal circumstances primarily (at least 80% of its assets) in domestic and foreign equity securities of companies that are engaged in the Fund’s investment theme of Space Exploration and innovation. The Adviser defines “Space Exploration” as leading, enabling, or benefitting from technologically enabled products and/or services that occur beyond the surface of the Earth. Orbital Aerospace Companies are companies that launch, make, service, or operate platforms in the orbital space, including satellites and launch vehicles. Suborbital Aerospace Companies are companies that launch, make, service, or operate platforms in the suborbital space, but do not reach a velocity needed to remain in orbit around a planet. Enabling Technologies Companies are companies that develop technologies used by Space Exploration related companies for successful value-add aerospace operations. These operations include artificial intelligence, robotics, 3D printing, materials and energy storage. Aerospace Beneficiary Companies are companies whose operations stand to benefit from aerospace activities, including agriculture, internet access, global positioning system (GPS), construction, imaging, drones, air taxis and electric aviation vehicles.

Grade (RS Rating)

Last Trade

$16.47

Average Daily Volume

36,905

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWP	ARKX
30 Days	1.59%	10.46%
60 Days	12.42%	17.81%
90 Days	16.69%	8.36%
12 Months	40.14%	23.35%

0 Overlapping Holdings

	Symbol	Grade	Weight in KBWP	Weight in ARKX	Overlap

KBWP Overweight 24 Positions Relative to ARKX

Symbol	Grade	Weight
TRV	B	8.21%
CB	A	8.12%
PGR	B	8.05%
ALL	A	8.03%
AIG	C	7.6%
RNR	A	4.28%
SIGI	D	4.1%
AIZ	B	4.05%
HIG	A	4.05%
AFG	A	4.03%
THG	A	4.03%
RLI	A	4.02%
EG	A	4.0%
AXS	A	3.99%
CINF	A	3.97%
ACGL	A	3.96%
WRB	C	3.8%
KMPR	D	3.56%
MCY	B	3.15%
SPNT	D	2.21%
HMN	B	1.29%
PRA	C	0.69%
UVE	C	0.57%
JRVR	F	0.21%

KBWP Underweight 25 Positions Relative to ARKX

Symbol	Grade	Weight
IRDM	C	-9.79%
KTOS	B	-9.44%
AVAV	B	-7.56%
TER	C	-7.36%
TRMB	B	-6.52%
RKLB	B	-5.58%
LHX	A	-5.42%
AMZN	C	-3.9%
PLTR	A	-2.83%
DE	C	-2.77%
BLDE	D	-2.68%
GRMN	D	-2.61%
ACHR	F	-2.51%
GOOG	B	-2.22%
JOBY	C	-2.06%
PRNT	D	-1.95%
HEI	C	-1.71%
LMT	A	-1.64%
HON	C	-1.45%
TDY	A	-1.4%
PATH	D	-1.33%
SNPS	F	-1.27%
ANSS	D	-1.08%
DDD	D	-0.69%
MYNA	F	-0.0%