SMLV vs. DWAS ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS)

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

$122.38

Average Daily Volume

10,233

Number of Holdings ^*

403

* may have additional holdings in another (foreign) market

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$92.40

Average Daily Volume

56,876

Number of Holdings ^*

188

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	DWAS
30 Days	-0.54%	5.69%
60 Days	5.77%	12.33%
90 Days	13.79%	9.93%
12 Months	28.50%	29.07%

35 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in DWAS	Overlap
ADMA	A	0.13%	2.45%	0.13%
AGM	D	0.81%	0.36%	0.36%
AGX	A	0.27%	0.44%	0.27%
ANIP	F	0.04%	0.32%	0.04%
APOG	B	0.08%	0.38%	0.08%
AROC	B	0.1%	0.49%	0.1%
BBSI	B	0.08%	0.37%	0.08%
BMI	A	0.14%	0.63%	0.14%
CBZ	F	0.11%	0.62%	0.11%
CSWI	A	0.19%	0.89%	0.19%
CVLT	B	0.14%	0.44%	0.14%
CXT	F	0.07%	0.32%	0.07%
FELE	C	0.15%	0.37%	0.15%
FORM	D	0.05%	0.27%	0.05%
FSS	D	0.12%	0.49%	0.12%
FSTR	D	0.05%	0.29%	0.05%
GKOS	B	0.05%	0.4%	0.05%
GPOR	B	0.15%	0.34%	0.15%
HWKN	B	0.13%	0.55%	0.13%
ICFI	C	0.15%	0.41%	0.15%
INSM	D	0.09%	0.41%	0.09%
LMAT	A	0.1%	0.39%	0.1%
MLR	B	0.11%	0.35%	0.11%
MOG.A	C	0.1%	0.42%	0.1%
PRDO	D	0.07%	0.37%	0.07%
PRIM	A	0.08%	0.37%	0.08%
RDNT	C	0.05%	0.43%	0.05%
ROAD	C	0.12%	0.41%	0.12%
RUSHA	D	0.1%	0.44%	0.1%
STRA	F	0.06%	0.29%	0.06%
SXI	B	0.09%	0.38%	0.09%
TRNS	D	0.09%	1.13%	0.09%
UFPT	D	0.13%	1.28%	0.13%
VAL	F	0.08%	0.3%	0.08%
VECO	F	0.05%	0.25%	0.05%

SMLV Overweight 368 Positions Relative to DWAS

Symbol	Grade	Weight
NNI	B	1.76%
PJT	A	1.76%
THG	A	1.63%
CBU	D	1.53%
VIRT	B	1.47%
PRK	D	1.35%
ONB	D	1.33%
NBTB	D	1.32%
ESGR	C	1.23%
CHCO	D	1.22%
FFIN	D	1.17%
NWBI	D	1.15%
TOWN	C	1.11%
CNO	B	1.11%
GCMG	A	1.09%
NBHC	D	1.08%
HMN	B	1.05%
MGRC	D	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	A	0.86%
BLX	B	0.85%
SAFT	D	0.84%
SFNC	B	0.81%
WSBC	D	0.8%
LKFN	D	0.78%
GABC	D	0.78%
SRCE	D	0.74%
PEBO	F	0.72%
EQC	D	0.71%
SBSI	D	0.68%
EVTC	D	0.68%
AMSF	B	0.66%
FBMS	D	0.65%
OBK	D	0.65%
BRKL	D	0.63%
PAX	F	0.62%
CTBI	B	0.61%
BFC	D	0.58%
FMBH	D	0.57%
UVSP	B	0.57%
BHRB	D	0.56%
TMP	C	0.54%
HFWA	D	0.53%
CFFN	D	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	C	0.32%
BHB	D	0.32%
NFBK	D	0.32%
FLO	D	0.31%
MPB	B	0.31%
EBF	B	0.3%
SMBK	C	0.29%
ALRS	B	0.29%
KRNY	C	0.28%
SPFI	D	0.28%
HIFS	D	0.27%
BSRR	D	0.27%
ORRF	C	0.26%
GLRE	B	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	C	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	C	0.22%
EBTC	C	0.22%
BKH	C	0.22%
ARTNA	F	0.22%
CZNC	D	0.21%
SLGN	B	0.21%
SR	D	0.21%
FSBW	D	0.21%
BWB	B	0.21%
SBR	C	0.2%
GNTY	C	0.2%
WTBA	D	0.2%
NWN	D	0.2%
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	D	0.17%
PSTL	D	0.17%
BRC	C	0.16%
CTO	D	0.16%
JJSF	C	0.16%
CBNK	C	0.16%
CMPO	B	0.16%
TRS	D	0.15%
BNL	C	0.15%
HTLD	F	0.15%
LXP	D	0.15%
EXPO	A	0.15%
ARKO	C	0.15%
LTC	D	0.14%
GENC	D	0.14%
PLXS	A	0.14%
FCPT	C	0.14%
CALM	A	0.14%
UNF	A	0.14%
WERN	D	0.14%
NHI	C	0.14%
PBH	D	0.14%
CSR	D	0.14%
SCL	D	0.13%
COLM	B	0.13%
ACA	C	0.13%
CTRE	C	0.13%
SNDR	D	0.13%
SMP	D	0.13%
KREF	C	0.13%
GOOD	A	0.13%
NTST	F	0.13%
UHT	D	0.13%
HSTM	B	0.13%
UTMD	F	0.13%
MRTN	F	0.12%
BHE	C	0.12%
HNI	B	0.12%
ESE	C	0.12%
JBSS	F	0.12%
MWA	A	0.12%
TGNA	B	0.12%
CSGS	B	0.12%
HIW	C	0.12%
VMI	B	0.12%
PKE	D	0.12%
AFCG	D	0.12%
GEF	B	0.12%
BCAL	F	0.12%
GATX	F	0.12%
PRGS	A	0.12%
GHC	A	0.11%
DORM	C	0.11%
ICUI	B	0.11%
ASH	F	0.11%
LNN	C	0.11%
PINC	F	0.11%
HCKT	D	0.11%
ADUS	D	0.11%
FTDR	B	0.11%
IRT	D	0.11%
CUZ	C	0.11%
NOMD	D	0.11%
KW	C	0.11%
OSIS	C	0.11%
HCC	C	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	B	0.1%
WDFC	B	0.1%
ACIW	A	0.1%
WEN	B	0.1%
MSGS	A	0.1%
INVA	B	0.1%
BFS	C	0.1%
NTCT	C	0.1%
HUBG	D	0.1%
DEI	A	0.1%
TNC	F	0.09%
PSMT	A	0.09%
AHH	F	0.09%
LILAK	D	0.09%
RNGR	C	0.09%
AVT	B	0.09%
ALG	F	0.09%
PLOW	D	0.09%
ATNI	C	0.09%
HSII	D	0.09%
DNB	D	0.09%
CHCT	F	0.09%
BLKB	C	0.09%
RDWR	B	0.09%
WINA	C	0.09%
PCH	C	0.09%
RGR	F	0.08%
SHOO	A	0.08%
WEYS	C	0.08%
SPNS	B	0.08%
HURN	D	0.08%
EPAC	A	0.08%
FPI	D	0.08%
ENS	B	0.08%
PLUS	B	0.08%
SXC	F	0.08%
KFRC	F	0.08%
SQSP	A	0.08%
LOPE	D	0.08%
AZZ	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	A	0.08%
KAI	C	0.08%
LZB	D	0.08%
SATS	C	0.08%
PBT	D	0.08%
PRGO	F	0.07%
FORR	F	0.07%
ENV	C	0.07%
FUL	F	0.07%
SUPN	D	0.07%
IBEX	C	0.07%
MLAB	B	0.07%
AMSWA	C	0.07%
CRI	D	0.07%
GPI	C	0.07%
SPOK	D	0.07%
MEI	D	0.07%
CORT	B	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%
SFL	D	0.07%
CTS	B	0.07%
KN	B	0.07%
LAUR	C	0.07%
MRCY	B	0.07%
ITGR	B	0.07%
DK	F	0.06%
VPG	F	0.06%
ATEX	D	0.06%
ARCH	D	0.06%
ATEN	B	0.06%
AGIO	D	0.06%
ETD	C	0.06%
SEM	D	0.06%
IRDM	C	0.06%
NVEC	D	0.06%
SCSC	D	0.06%
JOUT	F	0.06%
CABO	F	0.06%
VSH	F	0.06%
CMCO	D	0.06%
CSV	D	0.06%
AIN	F	0.06%
TPH	C	0.06%
CVCO	C	0.06%
MNRO	B	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%
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	D	0.05%
WK	D	0.05%
AMPH	C	0.05%
ZD	D	0.05%
ASGN	D	0.05%
POWI	F	0.05%
PDCO	F	0.05%
AEIS	B	0.05%
ALKS	B	0.05%
LIVN	C	0.05%
MATW	F	0.05%
NVST	D	0.05%
ECVT	F	0.05%
HAE	F	0.05%
OFIX	D	0.05%
SPB	C	0.05%
AMED	D	0.05%
IRMD	B	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	D	0.04%
TTGT	F	0.04%
USPH	F	0.04%
NARI	F	0.04%
OXM	F	0.04%
NRC	F	0.04%
OGN	F	0.04%
IPGP	D	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	D	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	C	0.03%
ACAD	F	0.02%
AZTA	F	0.02%

SMLV Underweight 153 Positions Relative to DWAS

Symbol	Grade	Weight
MOD	B	-2.09%
LMB	B	-1.62%
STRL	B	-1.52%
NPAB	D	-1.49%
COOP	B	-1.13%
ANF	D	-1.06%
OSCR	C	-1.03%
DFIN	B	-1.02%
NOG	D	-1.0%
GRBK	C	-0.94%
TDW	F	-0.91%
CRS	B	-0.9%
KNTK	A	-0.87%
BELFB	A	-0.85%
DAKT	D	-0.8%
RNA	B	-0.8%
ATI	C	-0.76%
AMSC	C	-0.75%
CECO	D	-0.74%
VIRC	D	-0.72%
RXST	F	-0.69%
ACLS	F	-0.68%
SFM	A	-0.66%
ZETA	B	-0.65%
USAP	C	-0.65%
SMR	C	-0.64%
AMRX	B	-0.59%
VCTR	A	-0.58%
SPRY	C	-0.58%
NBN	B	-0.57%
ASPN	C	-0.57%
KRYS	D	-0.56%
PCT	C	-0.55%
SGBX	F	-0.53%
SKYW	B	-0.53%
GATO	B	-0.52%
NRIX	D	-0.52%
BCC	C	-0.51%
ENVA	B	-0.5%
SKT	A	-0.49%
MLI	B	-0.49%
TPC	A	-0.49%
GMS	B	-0.49%
USLM	C	-0.49%
PETQ	A	-0.48%
TREE	C	-0.48%
PI	A	-0.48%
PIPR	A	-0.47%
QTWO	B	-0.47%
OFG	D	-0.47%
MHO	C	-0.47%
GTX	F	-0.46%
NGVC	D	-0.46%
GVA	A	-0.46%
CNX	A	-0.45%
ALSN	A	-0.45%
CRVL	C	-0.45%
JXN	A	-0.45%
SLVM	C	-0.44%
DYN	D	-0.44%
CDE	C	-0.44%
KTB	C	-0.43%
RYTM	C	-0.43%
LPX	C	-0.43%
TDS	C	-0.43%
MEC	C	-0.43%
BOOT	B	-0.43%
CASH	C	-0.42%
MTG	A	-0.42%
SLG	C	-0.42%
RDW	B	-0.42%
KBH	D	-0.42%
TRAK	D	-0.42%
RYAN	A	-0.42%
SPNT	D	-0.41%
MATX	C	-0.41%
BDC	A	-0.41%
IDCC	A	-0.41%
FBP	B	-0.41%
ALKT	D	-0.41%
OII	D	-0.4%
BGC	B	-0.4%
CRAI	B	-0.4%
UTI	F	-0.4%
BSIG	D	-0.4%
BECN	D	-0.39%
CMPR	F	-0.39%
ESAB	C	-0.39%
DXPE	C	-0.39%
MBIN	C	-0.39%
CRNX	C	-0.39%
AVAV	B	-0.39%
DY	C	-0.39%
SNEX	B	-0.39%
CBT	B	-0.39%
ACVA	C	-0.39%
CRDO	B	-0.39%
AGYS	D	-0.39%
TMDX	D	-0.39%
GFF	C	-0.39%
ATRO	D	-0.38%
EAT	A	-0.38%
RSI	B	-0.38%
HLX	C	-0.38%
USM	B	-0.38%
VERX	B	-0.37%
FRPT	A	-0.37%
ULH	B	-0.37%
NPO	C	-0.37%
APEI	F	-0.36%
TWST	D	-0.36%
INOD	D	-0.36%
EZPW	C	-0.36%
THRD	C	-0.36%
KEX	C	-0.36%
WT	D	-0.36%
OLLI	C	-0.35%
APPF	C	-0.35%
THR	F	-0.35%
MRC	D	-0.35%
FOR	D	-0.35%
VSEC	D	-0.35%
VITL	C	-0.35%
SMHI	F	-0.34%
ESI	C	-0.34%
VVV	D	-0.34%
GOLF	F	-0.34%
BKD	F	-0.34%
REVG	D	-0.34%
ARLO	F	-0.34%
MRUS	D	-0.33%
ALTR	B	-0.33%
LBRT	D	-0.32%
STOK	D	-0.32%
KURA	F	-0.32%
NR	F	-0.31%
KD	D	-0.31%
ORN	F	-0.3%
BDTX	F	-0.3%
BLBD	D	-0.3%
HY	D	-0.3%
BPMC	F	-0.3%
RCKY	C	-0.29%
CARS	F	-0.29%
LRMR	F	-0.28%
CLSK	F	-0.28%
SGC	D	-0.27%
HIMS	C	-0.27%
NSSC	F	-0.26%
JILL	F	-0.25%
ARHS	F	-0.25%
PEPG	F	-0.2%
VRCA	F	-0.07%