SMLV vs. PHO ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to Invesco Water Resources ETF (PHO)

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

PHO

Invesco Water Resources ETF

PHO Description

The PowerShares Water Resources Portfolio (Fund) is based on the NASDAQ OMX US Water Index. The Fund generally will invest at least 90% of its total assets in common stocks and American depositary receipts (ADRs) of companies in the water industry that comprise the Underlying Index. The Underlying Index seeks to track the performance of US exchange-listed companies that create products designed to conserve and purify water for homes, businesses and industries. The Fund and the Index are rebalanced quarterly and reconstituted annually in April.

Grade (RS Rating)

Last Trade

$69.64

Average Daily Volume

66,948

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	PHO
30 Days	-0.54%	3.03%
60 Days	5.77%	5.35%
90 Days	13.79%	8.69%
12 Months	28.50%	33.24%

7 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in PHO	Overlap
ARTNA	F	0.22%	0.16%	0.16%
BMI	A	0.14%	1.64%	0.14%
FELE	C	0.15%	0.84%	0.15%
GRC	B	0.11%	0.21%	0.11%
LNN	C	0.11%	0.66%	0.11%
MWA	A	0.12%	1.22%	0.12%
VMI	B	0.12%	2.25%	0.12%

SMLV Overweight 396 Positions Relative to PHO

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%
AGM	D	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%
AGX	A	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%
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%
CSWI	A	0.19%
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%
GPOR	B	0.15%
ICFI	C	0.15%
ARKO	C	0.15%
LTC	D	0.14%
CVLT	B	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%
UFPT	D	0.13%
HWKN	B	0.13%
SNDR	D	0.13%
SMP	D	0.13%
KREF	C	0.13%
GOOD	A	0.13%
ADMA	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%
ROAD	C	0.12%
JBSS	F	0.12%
TGNA	B	0.12%
CSGS	B	0.12%
HIW	C	0.12%
FSS	D	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%
MLR	B	0.11%
ASH	F	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%
CBZ	F	0.11%
KW	C	0.11%
OSIS	C	0.11%
HCC	C	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%
MOG.A	C	0.1%
WEN	B	0.1%
RUSHA	D	0.1%
MSGS	A	0.1%
INVA	B	0.1%
BFS	C	0.1%
LMAT	A	0.1%
AROC	B	0.1%
NTCT	C	0.1%
HUBG	D	0.1%
DEI	A	0.1%
TNC	F	0.09%
PSMT	A	0.09%
SXI	B	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%
INSM	D	0.09%
BLKB	C	0.09%
RDWR	B	0.09%
WINA	C	0.09%
PCH	C	0.09%
TRNS	D	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%
APOG	B	0.08%
FPI	D	0.08%
VAL	F	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%
BBSI	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%
PRIM	A	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%
CXT	F	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%
PRDO	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%
STRA	F	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%
VECO	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%
GKOS	B	0.05%
FORM	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%
RDNT	C	0.05%
FSTR	D	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%
ANIP	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 29 Positions Relative to PHO

Symbol	Grade	Weight
ECL	C	-8.04%
ROP	D	-7.93%
XYL	C	-6.69%
VLTO	A	-6.42%
PNR	C	-4.38%
AOS	C	-4.25%
IEX	D	-4.11%
ACM	A	-4.1%
WAT	B	-4.09%
WMS	D	-3.98%
AWK	D	-3.98%
CNM	F	-3.75%
TTC	F	-3.72%
ITRI	C	-3.54%
TTEK	A	-3.11%
WTRG	D	-2.53%
MLI	B	-2.31%
WTS	C	-1.8%
ZWS	A	-1.52%
SBS	D	-1.13%
AWR	B	-0.83%
CWT	D	-0.75%
SJW	D	-0.55%
MSEX	C	-0.4%
ERII	C	-0.33%
CWCO	F	-0.13%
YORW	F	-0.11%
NWPX	B	-0.07%
GWRS	D	-0.01%