SMLV vs. KBWR ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to PowerShares KBW Regional Banking Portfolio ETF (KBWR)

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

$135.01

Average Daily Volume

5,449

Number of Holdings ^*

404

* may have additional holdings in another (foreign) market

KBWR

PowerShares KBW Regional Banking Portfolio ETF

KBWR Description

The PowerShares KBW Regional Banking Portfolio (Fund) is based on the KBW Regional Banking Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is an equal weighted float-adjusted market capitalization index that seeks to reflect the performance of publicly traded companies that do business as regional banks or thrifts listed on US stock markets. The Index is compiled, maintained and calculated by KBW and is composed of approximately 50 companies. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.71

Average Daily Volume

5,134

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	KBWR
30 Days	5.43%	9.20%
60 Days	8.20%	13.11%
90 Days	12.60%	17.73%
12 Months	36.34%	41.09%

11 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in KBWR	Overlap
BRKL	B	0.72%	0.61%	0.61%
CBU	B	1.65%	1.99%	1.65%
FCF	B	1.02%	1.07%	1.02%
FFIN	B	1.19%	2.01%	1.19%
FULT	B	0.98%	1.9%	0.98%
GBCI	B	1.02%	2.13%	1.02%
HOMB	A	0.93%	1.91%	0.93%
ONB	B	1.44%	1.95%	1.44%
SFNC	B	0.85%	1.75%	0.85%
TRMK	B	1.0%	1.33%	1.0%
WAFD	B	0.93%	1.68%	0.93%

SMLV Overweight 393 Positions Relative to KBWR

Symbol	Grade	Weight
PJT	B	1.89%
THG	A	1.63%
NNI	D	1.56%
VIRT	A	1.49%
PRK	B	1.42%
NBTB	B	1.37%
CHCO	B	1.25%
NWBI	B	1.17%
NBHC	B	1.15%
CNO	B	1.14%
SYBT	B	1.13%
ESGR	B	1.12%
SASR	B	1.09%
EFSC	B	1.08%
HMN	B	1.08%
IBOC	B	1.07%
TOWN	B	1.06%
MGRC	B	1.02%
GCMG	A	1.01%
QCRH	B	0.97%
NIC	B	0.96%
BUSE	B	0.96%
WABC	B	0.95%
STBA	B	0.91%
WSBC	B	0.89%
EIG	B	0.86%
GABC	B	0.84%
BLX	B	0.84%
AGM	B	0.83%
RDN	D	0.82%
LKFN	B	0.81%
SAFT	B	0.79%
PEBO	B	0.77%
SRCE	B	0.76%
AMSF	B	0.73%
WU	F	0.71%
FBMS	B	0.68%
CTBI	B	0.68%
SBSI	B	0.67%
OBK	B	0.65%
EVTC	B	0.65%
EQC	A	0.64%
TMP	B	0.63%
PAX	C	0.61%
OKLO	C	0.61%
BFC	B	0.6%
HFWA	B	0.59%
UVSP	B	0.59%
FMBH	B	0.57%
CFFN	B	0.56%
BHRB	B	0.56%
NFG	A	0.48%
FCBC	B	0.48%
TRST	B	0.44%
CAC	B	0.44%
MCBS	B	0.4%
TRIN	A	0.4%
AGX	B	0.38%
AROW	B	0.37%
GSBC	B	0.37%
CCNE	B	0.37%
FMNB	B	0.36%
THFF	B	0.36%
NFBK	B	0.35%
HTBI	A	0.35%
ESQ	B	0.34%
HONE	B	0.34%
BHB	B	0.34%
CCBG	B	0.33%
SMBK	B	0.33%
MPB	B	0.31%
KRNY	B	0.31%
SPFI	B	0.3%
DHIL	A	0.3%
HIFS	B	0.29%
BSRR	C	0.28%
ORRF	B	0.27%
FMAO	B	0.27%
ALRS	C	0.27%
IDA	A	0.26%
FLO	D	0.26%
EBF	D	0.25%
ACNB	B	0.25%
FBIZ	A	0.25%
FSBC	B	0.24%
GLRE	B	0.24%
HBCP	B	0.23%
EBTC	B	0.23%
WTBA	B	0.23%
PFIS	B	0.23%
PNM	B	0.23%
MGEE	A	0.23%
NWE	C	0.22%
BWB	B	0.21%
BKH	A	0.21%
NHC	B	0.21%
CZNC	B	0.2%
FSBW	B	0.2%
SLGN	A	0.2%
CPK	A	0.2%
PECO	A	0.2%
ARTNA	F	0.19%
SR	A	0.19%
SBR	B	0.19%
NWN	A	0.19%
CSWI	A	0.19%
GNTY	A	0.19%
FLIC	B	0.19%
FNLC	B	0.18%
FRST	B	0.17%
GTY	A	0.17%
VLGEA	C	0.17%
NPK	C	0.17%
PSTL	D	0.16%
DEA	D	0.16%
SXT	C	0.16%
CBNK	B	0.16%
WSBF	B	0.16%
JJSF	C	0.15%
PBH	A	0.15%
CTO	B	0.15%
GPOR	A	0.15%
CMPO	B	0.15%
WT	A	0.15%
CALM	A	0.15%
TRS	B	0.14%
WERN	B	0.14%
ROAD	A	0.14%
FELE	B	0.14%
HSTM	A	0.14%
ICFI	F	0.14%
BRC	C	0.14%
PLXS	B	0.14%
HTLD	B	0.14%
CVLT	B	0.14%
TRC	F	0.14%
ACA	A	0.13%
GOOD	A	0.13%
LXP	D	0.13%
GATX	B	0.13%
VMI	B	0.13%
GENC	C	0.13%
SNDR	B	0.13%
BCAL	A	0.13%
UNF	B	0.13%
CSR	A	0.13%
LTC	B	0.13%
ELME	D	0.13%
TGNA	B	0.13%
ADMA	C	0.13%
ARKO	D	0.13%
BMI	C	0.13%
PINC	B	0.12%
HWKN	B	0.12%
SMP	C	0.12%
FTDR	B	0.12%
NHI	D	0.12%
FCPT	C	0.12%
COLM	B	0.12%
ESE	B	0.12%
CBZ	B	0.12%
GEF	B	0.12%
HCKT	B	0.12%
UTMD	F	0.12%
BNL	D	0.12%
CSGS	B	0.12%
PKE	C	0.12%
EXPO	D	0.12%
MWA	B	0.12%
LMAT	A	0.11%
MRTN	C	0.11%
HCC	B	0.11%
FSS	B	0.11%
RNGR	A	0.11%
RUSHA	B	0.11%
UHT	D	0.11%
KREF	D	0.11%
PRIM	A	0.11%
OSIS	A	0.11%
SXC	A	0.11%
AROC	A	0.11%
GHC	B	0.11%
HNI	B	0.11%
GRC	B	0.11%
SCL	D	0.11%
NTST	D	0.11%
BHE	B	0.11%
UFPT	C	0.11%
MLR	C	0.11%
CTRE	C	0.11%
DORM	B	0.11%
PRGS	B	0.11%
WEN	C	0.1%
CASS	B	0.1%
MSGS	B	0.1%
LNN	B	0.1%
MOG.A	B	0.1%
IRT	A	0.1%
KW	B	0.1%
INVA	C	0.1%
DEI	B	0.1%
NCNO	B	0.1%
HSII	B	0.1%
NTCT	C	0.1%
WDFC	B	0.1%
CUZ	B	0.1%
PAHC	B	0.1%
HIW	D	0.1%
HUBG	A	0.1%
ACIW	B	0.1%
BLKB	B	0.09%
NOMD	D	0.09%
GLDD	B	0.09%
ALG	C	0.09%
SXI	B	0.09%
BBSI	B	0.09%
WINA	B	0.09%
CRC	A	0.09%
APOG	B	0.09%
DNB	B	0.09%
KAI	B	0.09%
CHCT	C	0.09%
RDWR	B	0.09%
BFS	C	0.09%
ADUS	D	0.09%
JBSS	F	0.09%
CCOI	B	0.09%
AFCG	D	0.09%
ICUI	D	0.09%
APLE	B	0.08%
AVT	C	0.08%
PCH	D	0.08%
PSMT	D	0.08%
JBGS	F	0.08%
MRCY	C	0.08%
AHH	D	0.08%
LZB	B	0.08%
ABM	B	0.08%
IOSP	C	0.08%
TTMI	B	0.08%
HURN	B	0.08%
CORT	C	0.08%
INSM	C	0.08%
RLGT	B	0.08%
GMRE	F	0.08%
RGP	F	0.08%
PRDO	B	0.08%
EPAC	B	0.08%
MTX	C	0.08%
OMCL	C	0.08%
FPI	A	0.08%
PBT	B	0.08%
LOPE	B	0.08%
ASH	F	0.08%
GPI	B	0.07%
VIAV	C	0.07%
KN	B	0.07%
BOX	B	0.07%
ENS	D	0.07%
CNNE	B	0.07%
SPOK	B	0.07%
MGIC	D	0.07%
TNC	F	0.07%
KFRC	D	0.07%
SANM	B	0.07%
TRNS	F	0.07%
ITGR	B	0.07%
PLOW	D	0.07%
SUPN	B	0.07%
AZZ	A	0.07%
WEYS	C	0.07%
CTS	C	0.07%
JBT	A	0.07%
LAUR	A	0.07%
IRMD	C	0.06%
ECVT	C	0.06%
SFL	D	0.06%
SEM	B	0.06%
CMCO	C	0.06%
RDNT	B	0.06%
HAE	C	0.06%
GPRK	C	0.06%
PLUS	F	0.06%
FUL	F	0.06%
MNRO	C	0.06%
FSTR	B	0.06%
OFIX	B	0.06%
MYRG	C	0.06%
ATEN	A	0.06%
MMSI	A	0.06%
ITRN	B	0.06%
FORR	D	0.06%
ENV	B	0.06%
CENT	C	0.06%
IBEX	A	0.06%
CXT	C	0.06%
ARCH	B	0.06%
CVCO	A	0.06%
PRGO	C	0.06%
AGIO	C	0.06%
SHOO	D	0.06%
CABO	C	0.06%
SATS	C	0.06%
RGR	F	0.06%
CSV	B	0.06%
LGTY	B	0.06%
VAL	F	0.06%
MTRN	C	0.05%
AMED	F	0.05%
AORT	B	0.05%
POWI	D	0.05%
ATEX	F	0.05%
ASGN	F	0.05%
VSH	F	0.05%
JOUT	F	0.05%
TTGT	B	0.05%
LIVN	D	0.05%
ETD	D	0.05%
MEI	F	0.05%
XNCR	B	0.05%
CRI	F	0.05%
SPB	C	0.05%
MATW	C	0.05%
NATR	B	0.05%
HUN	F	0.05%
ATNI	F	0.05%
IRDM	F	0.05%
NVEC	D	0.05%
DK	D	0.05%
NVST	C	0.05%
GKOS	A	0.05%
ALKS	C	0.05%
AEIS	B	0.05%
MLAB	F	0.05%
AIN	C	0.05%
AVNS	F	0.05%
BL	C	0.05%
LILAK	F	0.05%
SPNS	F	0.05%
TPH	D	0.05%
SCSC	B	0.05%
WK	C	0.05%
CEVA	B	0.05%
STRA	C	0.05%
ZD	B	0.05%
ZIP	D	0.04%
SHEN	F	0.04%
TBPH	B	0.04%
THRM	F	0.04%
ALRM	C	0.04%
ANIP	D	0.04%
KIDS	F	0.04%
HRMY	F	0.04%
NEOG	D	0.04%
FORM	F	0.04%
USPH	C	0.04%
IPGP	D	0.04%
VRNT	D	0.04%
BOWL	D	0.04%
SRDX	B	0.04%
USNA	C	0.04%
AMPH	F	0.04%
ATRC	C	0.04%
PZZA	F	0.04%
PDCO	F	0.04%
VPG	F	0.04%
IART	C	0.04%
CNMD	C	0.04%
NARI	C	0.04%
PTCT	C	0.04%
IRWD	F	0.03%
ANIK	F	0.03%
CBRL	C	0.03%
RARE	F	0.03%
HELE	C	0.03%
OGN	F	0.03%
JBI	F	0.03%
PCRX	C	0.03%
HLF	C	0.03%
OXM	F	0.03%
NRC	F	0.03%
HI	C	0.03%
VECO	F	0.03%
ARCO	F	0.03%
SCHL	F	0.03%
CNXC	F	0.03%
LEG	F	0.03%
VREX	C	0.03%
AZTA	F	0.02%
ACAD	C	0.02%
AMN	F	0.02%
AAP	D	0.02%
IMTX	F	0.02%

SMLV Underweight 38 Positions Relative to KBWR

Symbol	Grade	Weight
WBS	A	-4.09%
PNFP	B	-3.8%
CBSH	A	-3.63%
SSB	B	-3.4%
BPOP	C	-2.87%
CFR	B	-2.22%
SNV	B	-2.2%
COLB	B	-2.18%
TCBI	B	-2.17%
ASB	B	-2.12%
UMBF	B	-2.12%
WTFC	B	-2.11%
CADE	B	-2.1%
VLY	B	-2.09%
CATY	B	-2.07%
ABCB	B	-2.03%
OZK	B	-1.97%
HWC	B	-1.96%
FHB	B	-1.95%
BOKF	B	-1.95%
PB	A	-1.94%
EBC	B	-1.93%
FNB	B	-1.93%
UBSI	B	-1.92%
AUB	B	-1.91%
FIBK	B	-1.89%
UCB	A	-1.86%
WSFS	B	-1.85%
FBP	B	-1.76%
BOH	B	-1.74%
CVBF	B	-1.71%
INDB	B	-1.69%
BKU	A	-1.63%
PFS	B	-1.56%
FFBC	B	-1.52%
PPBI	B	-1.51%
BANC	B	-1.44%
HOPE	B	-0.92%