SMHB vs. XSHD ETF Comparison

Comparison of ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB) to PowerShares S&P SmallCap High Dividend Low Volatility Portfolio (XSHD)

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.73

Average Daily Volume

33,210

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSHD

PowerShares S&P SmallCap High Dividend Low Volatility Portfolio

XSHD Description

The PowerShares S&P SmallCap High Dividend Low Volatility Portfolio is based on the S&P SmallCap 600 Low Volatility High Dividend Index. The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 60 securities in the S&P SmallCap 600 Index that have historically provided high dividend yields with lower volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted semi-annually on the last business day in January and July.

Grade (RS Rating)

Last Trade

$14.59

Average Daily Volume

47,939

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMHB	XSHD
30 Days	-4.90%	-2.91%
60 Days	0.46%	-6.08%
90 Days	-1.37%	-4.43%
12 Months	22.79%	5.75%

10 Overlapping Holdings

Symbol	Grade	Weight in SMHB	Weight in XSHD	Overlap
ARI	F	1.02%	2.92%	1.02%
AROC	D	0.53%	1.13%	0.53%
BXMT	C	3.43%	3.71%	3.43%
CCOI	B	1.51%	3.31%	1.51%
DEA	C	1.35%	3.34%	1.35%
EFC	D	1.0%	3.39%	1.0%
GNL	D	1.01%	3.2%	1.01%
KREF	D	0.8%	3.58%	0.8%
RC	F	0.65%	2.69%	0.65%
UVV	C	0.54%	2.48%	0.54%

SMHB Overweight 80 Positions Relative to XSHD

Symbol	Grade	Weight
SLG	B	4.87%
XRX	F	4.09%
DTM	A	3.81%
DSS	D	2.87%
TWO	F	2.87%
CIM	D	2.62%
BDN	C	2.41%
BGS	C	2.41%
SBRA	B	2.38%
EPR	D	2.34%
ABR	B	2.21%
APAM	A	2.02%
PAGP	D	1.88%
UNIT	C	1.86%
UWMC	F	1.84%
ARR	D	1.65%
NHI	C	1.64%
ORC	D	1.51%
PSEC	D	1.47%
IVR	F	1.43%
PMT	D	1.35%
MFA	D	1.27%
RWT	D	1.24%
CTRE	A	1.16%
PETS	C	1.13%
MAIN	B	1.09%
HTGC	C	1.03%
FCPT	D	1.0%
PDM	C	0.99%
GSBD	F	0.94%
NEWT	B	0.94%
NYMT	D	0.93%
LTC	A	0.91%
DX	C	0.89%
VGR	B	0.79%
NWBI	C	0.77%
GBDC	C	0.73%
CODI	D	0.72%
VNOM	A	0.65%
SCS	F	0.65%
ACRE	F	0.64%
LADR	B	0.62%
TSLX	D	0.62%
HESM	D	0.59%
OCSL	D	0.54%
GMRE	D	0.5%
ILPT	F	0.49%
BRSP	C	0.49%
WSR	B	0.46%
ALX	D	0.45%
GTY	C	0.44%
OPI	F	0.4%
RMR	D	0.38%
NMFC	F	0.38%
UHT	D	0.36%
GPMT	C	0.34%
CSWC	D	0.34%
GOOD	C	0.33%
FSP	A	0.29%
TRTX	A	0.29%
TCPC	F	0.27%
AHH	D	0.27%
CGBD	C	0.25%
BCSF	A	0.24%
TPVG	F	0.23%
PFLT	C	0.23%
SLRC	B	0.23%
UVE	C	0.22%
BBDC	D	0.22%
KRO	D	0.2%
EBF	F	0.18%
GAIN	B	0.17%
PNNT	C	0.16%
OLP	C	0.16%
FDUS	C	0.16%
GLAD	B	0.15%
BFS	D	0.14%
TRIN	D	0.12%
CCAP	C	0.1%
REPX	F	0.07%

SMHB Underweight 41 Positions Relative to XSHD

Symbol	Grade	Weight
KW	C	-3.56%
HIW	C	-3.44%
CWEN	C	-2.65%
NWN	C	-2.08%
ETD	F	-2.07%
AVA	D	-2.01%
FDP	A	-1.96%
CVI	F	-1.94%
SPTN	D	-1.87%
BLMN	F	-1.74%
PINC	A	-1.74%
DLX	F	-1.67%
ENR	B	-1.66%
CALM	B	-1.57%
NOG	F	-1.56%
TRN	C	-1.54%
UPBD	D	-1.44%
PDCO	F	-1.4%
KMT	B	-1.35%
RHI	C	-1.3%
MYE	F	-1.3%
CABO	C	-1.27%
SXC	A	-1.26%
MATW	D	-1.24%
UTL	D	-1.21%
ASIX	C	-1.18%
CSGS	D	-1.14%
HNI	D	-1.12%
SJW	F	-1.04%
AWR	C	-0.93%
MGEE	C	-0.93%
WKC	D	-0.92%
MSEX	B	-0.92%
CRC	B	-0.92%
SEE	A	-0.9%
CPK	C	-0.89%
IPAR	D	-0.84%
CWT	D	-0.84%
SXT	C	-0.82%
NHC	C	-0.78%
SCHL	F	-0.72%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers