SMLV vs. KBWD ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD)

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

$124.91

Average Daily Volume

6,297

Number of Holdings ^*

405

* may have additional holdings in another (foreign) market

KBWD

PowerShares KBW High Dividend Yield Financial Portfolio ETF

KBWD Description

The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$14.67

Average Daily Volume

146,826

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	KBWD
30 Days	2.99%	-0.99%
60 Days	-0.20%	-3.14%
90 Days	4.72%	-0.83%
12 Months	31.55%	16.32%

4 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in KBWD	Overlap
KREF	D	0.12%	2.26%	0.12%
NWBI	C	1.15%	1.51%	1.15%
TRIN	D	0.42%	3.88%	0.42%
WU	F	0.78%	1.99%	0.78%

SMLV Overweight 401 Positions Relative to KBWD

Symbol	Grade	Weight
PJT	B	1.77%
NNI	A	1.74%
THG	B	1.64%
CBU	A	1.61%
VIRT	A	1.44%
PRK	A	1.39%
ONB	A	1.35%
NBTB	D	1.33%
ESGR	C	1.21%
CHCO	A	1.2%
NBHC	A	1.17%
FFIN	D	1.12%
CNO	A	1.09%
HMN	A	1.08%
MGRC	A	1.08%
GCMG	B	1.08%
TOWN	D	1.08%
SYBT	B	1.06%
SASR	A	1.05%
EFSC	B	1.05%
IBOC	B	1.03%
GBCI	A	1.03%
TRMK	B	0.99%
FCF	D	0.98%
BUSE	D	0.96%
NIC	B	0.95%
WABC	B	0.94%
WAFD	D	0.93%
QCRH	B	0.93%
FULT	B	0.92%
RDN	F	0.91%
HOMB	B	0.9%
SFNC	A	0.88%
STBA	D	0.88%
EIG	C	0.84%
BLX	B	0.84%
WSBC	A	0.84%
GABC	A	0.82%
AGM	D	0.8%
SAFT	D	0.79%
LKFN	B	0.79%
PEBO	B	0.75%
SRCE	C	0.75%
AMSF	A	0.73%
BRKL	A	0.7%
EQC	C	0.69%
FBMS	B	0.68%
SBSI	D	0.67%
EVTC	D	0.65%
CTBI	B	0.65%
OKLO	A	0.65%
OBK	D	0.64%
PAX	B	0.63%
TMP	A	0.6%
BFC	B	0.59%
UVSP	B	0.58%
BHRB	C	0.57%
CFFN	A	0.57%
FMBH	D	0.57%
HFWA	A	0.56%
NFG	C	0.51%
FCBC	D	0.47%
TRST	D	0.44%
CAC	A	0.42%
MCBS	C	0.38%
GSBC	C	0.37%
AGX	A	0.37%
CCNE	B	0.37%
AROW	A	0.35%
THFF	B	0.35%
FMNB	D	0.35%
HTBI	D	0.34%
HONE	D	0.34%
BHB	B	0.34%
NFBK	C	0.33%
SMBK	A	0.33%
MPB	B	0.32%
CCBG	A	0.32%
ESQ	A	0.32%
DHIL	D	0.3%
SPFI	C	0.29%
HIFS	B	0.29%
KRNY	B	0.28%
FLO	F	0.28%
ORRF	A	0.27%
ALRS	D	0.27%
BSRR	D	0.27%
GLRE	C	0.25%
FSBC	B	0.25%
EBF	F	0.25%
FBIZ	C	0.24%
HBCP	B	0.24%
IDA	A	0.24%
ACNB	C	0.24%
FMAO	A	0.24%
PFIS	A	0.23%
WTBA	A	0.23%
NWE	D	0.23%
PNM	B	0.23%
BWB	C	0.22%
SLGN	A	0.21%
FSBW	C	0.21%
CPK	C	0.21%
NHC	C	0.21%
MGEE	C	0.21%
BKH	D	0.21%
EBTC	B	0.21%
PECO	B	0.21%
CZNC	D	0.2%
NWN	C	0.2%
SBR	D	0.2%
SR	D	0.2%
ARTNA	F	0.2%
FLIC	C	0.19%
GNTY	D	0.19%
NPK	F	0.18%
CSWI	B	0.18%
FNLC	D	0.18%
CMPO	B	0.18%
DEA	C	0.18%
GTY	C	0.18%
SXT	C	0.17%
FRST	F	0.17%
WSBF	B	0.17%
PSTL	C	0.17%
TRC	F	0.16%
VLGEA	D	0.16%
CTO	B	0.16%
CBNK	B	0.16%
CALM	B	0.16%
WT	B	0.15%
JJSF	C	0.15%
TRS	B	0.15%
ICFI	B	0.15%
CSR	D	0.14%
LXP	D	0.14%
WERN	A	0.14%
BNL	D	0.14%
PBH	A	0.14%
CVLT	B	0.14%
BRC	D	0.14%
LTC	A	0.14%
ELME	D	0.14%
PLXS	A	0.14%
GPOR	F	0.14%
ARKO	C	0.14%
GOOD	C	0.13%
TGNA	B	0.13%
SNDR	A	0.13%
FCPT	D	0.13%
NHI	C	0.13%
VMI	A	0.13%
SMP	B	0.13%
UNF	D	0.13%
GENC	B	0.13%
ROAD	B	0.13%
BMI	D	0.13%
FELE	D	0.13%
CTRE	A	0.13%
HSTM	A	0.13%
HTLD	F	0.13%
FTDR	B	0.12%
CBZ	B	0.12%
ESE	A	0.12%
BCAL	B	0.12%
SCL	F	0.12%
HWKN	D	0.12%
PRGS	B	0.12%
MWA	B	0.12%
MLR	A	0.12%
HIW	C	0.12%
GEF	B	0.12%
NTST	F	0.12%
EXPO	D	0.12%
GATX	A	0.12%
PKE	C	0.12%
ACA	B	0.12%
UTMD	F	0.12%
UFPT	D	0.11%
MSGS	A	0.11%
GHC	A	0.11%
FSS	F	0.11%
INVA	C	0.11%
HNI	D	0.11%
RUSHA	A	0.11%
HCC	A	0.11%
JBSS	F	0.11%
PINC	A	0.11%
DEI	B	0.11%
AFCG	F	0.11%
KW	C	0.11%
UHT	D	0.11%
CUZ	B	0.11%
ADMA	B	0.11%
CSGS	D	0.11%
GRC	D	0.11%
BHE	A	0.11%
WEN	A	0.11%
COLM	C	0.11%
JBGS	C	0.1%
CHCT	B	0.1%
SRCL	A	0.1%
BFS	D	0.1%
HUBG	D	0.1%
CASS	B	0.1%
OMCL	B	0.1%
LMAT	B	0.1%
WDFC	A	0.1%
NOMD	D	0.1%
ACIW	C	0.1%
LNN	C	0.1%
AROC	D	0.1%
ADUS	D	0.1%
NCNO	B	0.1%
HCKT	D	0.1%
IRT	D	0.1%
MRTN	F	0.1%
NTCT	C	0.1%
ICUI	C	0.1%
ASH	F	0.1%
OSIS	F	0.1%
CCOI	B	0.1%
DORM	A	0.1%
PAHC	B	0.1%
APOG	A	0.09%
SXI	A	0.09%
RLGT	B	0.09%
CRC	B	0.09%
INSM	D	0.09%
GLDD	B	0.09%
AVT	B	0.09%
WINA	A	0.09%
RDWR	C	0.09%
HSII	A	0.09%
GMRE	D	0.09%
RNGR	A	0.09%
PRIM	A	0.09%
MOG.A	C	0.09%
PLUS	C	0.08%
SPNS	B	0.08%
JBT	A	0.08%
LZB	D	0.08%
MGIC	C	0.08%
IOSP	F	0.08%
TNC	F	0.08%
SXC	A	0.08%
BLKB	D	0.08%
APLE	C	0.08%
EPAC	A	0.08%
SATS	B	0.08%
HURN	A	0.08%
FPI	A	0.08%
ABM	B	0.08%
BBSI	D	0.08%
KAI	A	0.08%
ALG	C	0.08%
PBT	F	0.08%
MTX	C	0.08%
PSMT	C	0.08%
DNB	B	0.08%
RGP	F	0.08%
PCH	F	0.08%
AHH	D	0.08%
LILAK	A	0.08%
CXT	F	0.07%
MRCY	D	0.07%
SPOK	A	0.07%
VIAV	A	0.07%
BOX	D	0.07%
CNNE	B	0.07%
LAUR	A	0.07%
SHOO	D	0.07%
KN	C	0.07%
VAL	F	0.07%
RGR	F	0.07%
PRDO	B	0.07%
TTMI	A	0.07%
SANM	A	0.07%
TRNS	F	0.07%
PLOW	F	0.07%
CORT	B	0.07%
WEYS	B	0.07%
SUPN	B	0.07%
ENS	F	0.07%
CTS	A	0.07%
KFRC	D	0.07%
ITGR	D	0.07%
AZZ	D	0.07%
LOPE	D	0.07%
IRDM	B	0.06%
CABO	C	0.06%
OFIX	A	0.06%
TPH	D	0.06%
FORR	F	0.06%
IRMD	C	0.06%
ATEN	A	0.06%
ARCH	B	0.06%
CSV	A	0.06%
MNRO	A	0.06%
MLAB	D	0.06%
CVCO	A	0.06%
IBEX	D	0.06%
MMSI	B	0.06%
CENT	D	0.06%
HUN	F	0.06%
FUL	F	0.06%
GPRK	F	0.06%
ITRN	C	0.06%
ATNI	F	0.06%
PRGO	D	0.06%
SFL	F	0.06%
ENV	A	0.06%
GPI	C	0.06%
LGTY	B	0.06%
FORM	F	0.05%
DK	F	0.05%
IPGP	B	0.05%
PZZA	A	0.05%
XNCR	A	0.05%
ECVT	C	0.05%
TTGT	C	0.05%
AIN	F	0.05%
AORT	A	0.05%
ZD	F	0.05%
ALKS	F	0.05%
HAE	F	0.05%
ATEX	D	0.05%
JOUT	F	0.05%
WK	C	0.05%
POWI	C	0.05%
ASGN	F	0.05%
LIVN	C	0.05%
MYRG	B	0.05%
PDCO	F	0.05%
MEI	F	0.05%
RDNT	D	0.05%
BL	B	0.05%
NVST	A	0.05%
AMPH	A	0.05%
SPB	C	0.05%
MATW	D	0.05%
SCSC	F	0.05%
CEVA	D	0.05%
ETD	F	0.05%
AMED	C	0.05%
AEIS	A	0.05%
GKOS	B	0.05%
STRA	F	0.05%
VPG	F	0.05%
AGIO	B	0.05%
FSTR	F	0.05%
CMCO	F	0.05%
SEM	B	0.05%
AVNS	F	0.05%
NVEC	F	0.05%
VSH	F	0.05%
CRI	F	0.05%
SCHL	F	0.04%
VREX	C	0.04%
VRNT	F	0.04%
LEG	F	0.04%
OGN	D	0.04%
USPH	F	0.04%
THRM	D	0.04%
ARCO	D	0.04%
ANIP	F	0.04%
NEOG	D	0.04%
HRMY	D	0.04%
IART	C	0.04%
VECO	F	0.04%
CNXC	F	0.04%
USNA	D	0.04%
CNMD	D	0.04%
BOWL	F	0.04%
AMN	F	0.04%
ANIK	F	0.04%
SHEN	F	0.04%
MTRN	D	0.04%
NATR	D	0.04%
KIDS	D	0.04%
ATRC	A	0.04%
SRDX	D	0.04%
NARI	A	0.04%
PTCT	B	0.04%
IRWD	F	0.03%
IMTX	F	0.03%
HLF	D	0.03%
NRC	F	0.03%
HELE	C	0.03%
JBI	F	0.03%
HI	F	0.03%
OXM	F	0.03%
TBPH	C	0.03%
RARE	D	0.03%
PCRX	C	0.03%
ALRM	F	0.03%
CBRL	C	0.03%
ZIP	F	0.03%
ACAD	F	0.02%
AZTA	F	0.02%
AAP	F	0.02%

SMLV Underweight 26 Positions Relative to KBWD

Symbol	Grade	Weight
FSK	B	-3.82%
PSEC	D	-3.8%
AGNC	D	-3.74%
TCPC	F	-3.61%
ACRE	F	-3.58%
DX	C	-3.37%
PNNT	C	-3.33%
RC	F	-3.31%
GSBD	F	-3.3%
EFC	D	-3.1%
FDUS	C	-3.1%
ARI	F	-2.97%
BBDC	D	-2.74%
TRTX	A	-2.69%
CSWC	D	-2.52%
EGBN	A	-2.41%
OMF	A	-2.14%
WASH	B	-2.01%
TPVG	F	-1.94%
APAM	A	-1.93%
FIBK	B	-1.7%
LNC	A	-1.55%
KEY	B	-1.31%
PRU	B	-1.21%
JHG	A	-1.18%
JXN	B	-0.92%