PWV vs. SPMV ETF Comparison

Comparison of PowerShares Dynamic LargeCap Value (PWV) to Invesco S&P 500 Minimum Variance ETF (SPMV)

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10 factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$60.93

Average Daily Volume

32,647

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$47.41

Average Daily Volume

650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PWV	SPMV
30 Days	3.32%	0.25%
60 Days	4.95%	1.56%
90 Days	5.26%	4.00%
12 Months	29.91%	25.48%

14 Overlapping Holdings

Symbol	Grade	Weight in PWV	Weight in SPMV	Overlap
ABT	B	3.26%	2.79%	2.79%
AIG	B	1.39%	0.25%	0.25%
AMGN	F	2.9%	0.32%	0.32%
BRK.A	B	3.25%	2.92%	2.92%
CB	C	1.42%	2.58%	1.42%
ELV	F	1.02%	0.46%	0.46%
IBM	C	3.37%	0.53%	0.53%
JNJ	C	2.98%	1.18%	1.18%
JPM	A	3.52%	0.61%	0.61%
PG	C	3.16%	2.72%	2.72%
RTX	D	1.37%	0.65%	0.65%
T	A	1.56%	0.28%	0.28%
VZ	C	3.16%	0.93%	0.93%
XOM	B	3.28%	0.68%	0.68%

PWV Overweight 35 Positions Relative to SPMV

Symbol	Grade	Weight
WFC	A	4.15%
BAC	A	3.7%
CVX	A	3.52%
TXN	C	3.13%
KO	D	2.8%
ABBV	F	2.77%
MS	A	1.78%
COF	C	1.77%
KMI	A	1.72%
OKE	A	1.68%
DELL	B	1.65%
JCI	B	1.64%
CMI	A	1.63%
GM	C	1.61%
PNC	B	1.6%
BK	A	1.59%
URI	C	1.58%
LNG	A	1.57%
KR	B	1.54%
CAT	B	1.52%
MET	A	1.51%
LHX	C	1.48%
ET	A	1.48%
PRU	A	1.47%
EOG	A	1.45%
AFL	B	1.39%
VLO	C	1.36%
PSX	C	1.32%
LMT	D	1.32%
MPC	D	1.27%
LEN	D	1.27%
KMB	C	1.26%
CI	D	1.25%
DHI	F	1.19%
CNC	D	1.03%

PWV Underweight 61 Positions Relative to SPMV

Symbol	Grade	Weight
NVDA	B	-3.54%
GEV	B	-3.53%
TMUS	B	-3.38%
CSCO	B	-3.34%
AMZN	C	-3.25%
AON	A	-3.09%
AAPL	C	-2.9%
MSFT	D	-2.85%
QCOM	F	-2.79%
MMC	B	-2.74%
AJG	A	-2.63%
MDLZ	F	-2.5%
MRK	D	-2.43%
VRTX	D	-2.42%
HD	B	-2.22%
ORCL	A	-2.17%
AVGO	D	-2.12%
ADBE	C	-2.1%
NOW	A	-1.76%
AMT	C	-1.76%
VRSK	A	-1.69%
ZTS	D	-1.64%
CRM	B	-1.63%
PGR	A	-1.61%
NEE	C	-1.59%
GIS	D	-1.49%
SRE	A	-1.49%
DUK	C	-1.3%
REGN	F	-1.13%
HSY	F	-1.05%
PFE	F	-1.02%
TRV	B	-0.98%
AEE	A	-0.97%
TDY	B	-0.94%
AEP	C	-0.91%
BRO	B	-0.81%
MKC	C	-0.75%
INTU	B	-0.75%
CCI	C	-0.7%
LLY	F	-0.67%
GOOG	C	-0.58%
RSG	A	-0.54%
TJX	A	-0.5%
SO	C	-0.47%
NEM	D	-0.44%
TSN	B	-0.42%
HRL	D	-0.38%
IDXX	F	-0.37%
META	D	-0.33%
BIIB	F	-0.31%
ACN	B	-0.31%
KHC	F	-0.29%
ADM	D	-0.25%
PCG	A	-0.24%
ACGL	C	-0.23%
CVS	D	-0.22%
XEL	A	-0.19%
TRMB	B	-0.1%
GILD	C	-0.09%
GD	D	-0.06%
BA	F	-0.04%