SPHB vs. RAVI ETF Comparison

Comparison of PowerShares S&P 500 High Beta Portfolio (SPHB) to FlexShares Ready Access Variable Income Fund (RAVI)

SPHB

PowerShares S&P 500 High Beta Portfolio

SPHB Description

The PowerShares S&P 500 High Beta Portfolio (Fund) is based on the S&P 500 High Beta Index (Index). The Fund will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's and consists of the 100 stocks from the S&P 500 Index with the highest sensitivity to market movements, or beta, over the past 12 months. Beta is a measure of relative risk and is the rate of change of a security's price. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$88.08

Average Daily Volume

394,659

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

RAVI

FlexShares Ready Access Variable Income Fund

RAVI Description

The investment seeks maximum current income consistent with the preservation of capital and liquidity. The fund seeks to achieve the investment objective by investing at least 65% of its total assets in a non-diversified portfolio of fixed income instruments, including bonds, debt securities and other similar instruments issued by U.S. and non-U.S. public and private sector entities. The dollar-weighted average portfolio maturity of the fund is normally not expected to exceed two years. It may invest up to 20% of its total assets in fixed income securities and instruments of issuers in emerging markets. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$75.55

Average Daily Volume

75,188

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	SPHB	RAVI
30 Days	3.49%	0.62%
60 Days	2.17%	1.17%
90 Days	4.56%	1.16%
12 Months	23.81%	5.35%

11 Overlapping Holdings

Symbol	Grade	Weight in SPHB	Weight in RAVI	Overlap
AMZN	C	1.01%	0.42%	0.42%
CRM	D	0.88%	0.4%	0.4%
DHI	B	0.86%	0.13%	0.13%
EFX	B	0.87%	0.1%	0.1%
GE	B	0.77%	0.76%	0.76%
KEY	B	0.81%	0.16%	0.16%
LEN	B	0.84%	0.26%	0.26%
MCHP	F	1.13%	0.22%	0.22%
MLM	D	0.67%	0.28%	0.28%
NVDA	D	1.78%	0.52%	0.52%
PYPL	B	0.92%	0.95%	0.92%

SPHB Overweight 89 Positions Relative to RAVI

Symbol	Grade	Weight
SMCI	F	2.09%
MPWR	C	1.79%
AMD	D	1.73%
AVGO	C	1.58%
TER	D	1.49%
TSLA	C	1.49%
BLDR	C	1.41%
ALB	D	1.37%
ANET	B	1.31%
KLAC	D	1.3%
LRCX	F	1.27%
AMAT	D	1.26%
ON	D	1.25%
CRWD	D	1.25%
CZR	C	1.23%
NCLH	C	1.22%
ENPH	D	1.2%
CCL	C	1.19%
META	B	1.16%
QCOM	D	1.13%
ALGN	D	1.12%
MU	F	1.11%
URI	B	1.1%
CDNS	D	1.1%
GNRC	D	1.08%
WDC	D	1.08%
FSLR	C	1.05%
ORCL	C	1.05%
NXPI	F	1.04%
BXP	B	1.04%
SNPS	D	1.04%
BX	B	1.03%
PWR	B	1.01%
NOW	B	1.0%
CARR	B	1.0%
KKR	B	0.98%
PODD	B	0.95%
UBER	C	0.95%
SWKS	D	0.95%
PANW	D	0.95%
ADSK	C	0.94%
ETN	C	0.94%
AAL	D	0.94%
HUBB	B	0.93%
PHM	B	0.93%
KEYS	C	0.93%
ADI	C	0.93%
QRVO	F	0.93%
DAY	D	0.93%
ADBE	F	0.93%
RCL	B	0.93%
ABNB	D	0.93%
JBL	D	0.92%
UAL	C	0.9%
CEG	C	0.89%
INTU	C	0.89%
ARE	C	0.88%
ZBRA	B	0.87%
PH	B	0.87%
RMD	C	0.86%
ISRG	B	0.86%
MHK	C	0.85%
VST	C	0.85%
FICO	B	0.84%
DECK	C	0.84%
IDXX	C	0.84%
AES	C	0.83%
FCX	D	0.82%
BKNG	C	0.82%
LW	D	0.82%
ANSS	D	0.82%
KMX	D	0.81%
ROK	D	0.81%
CRL	F	0.8%
INTC	F	0.8%
LULU	D	0.79%
GOOG	D	0.77%
APH	D	0.77%
TXN	C	0.76%
IQV	C	0.76%
TROW	D	0.75%
APTV	D	0.75%
IVZ	B	0.75%
MGM	F	0.75%
ETSY	F	0.73%
CPRT	D	0.71%
WBD	D	0.71%
EPAM	F	0.69%
BBWI	F	0.65%

SPHB Underweight 90 Positions Relative to RAVI

Symbol	Grade	Weight
VLO	F	-1.51%
ED	C	-1.05%
OGS	B	-1.05%
OTIS	C	-0.95%
KDP	B	-0.95%
DHR	B	-0.86%
LYB	D	-0.83%
DTE	C	-0.77%
TSN	C	-0.7%
WM	D	-0.69%
CI	C	-0.67%
CM	B	-0.62%
GP	D	-0.59%
GILD	B	-0.59%
TFC	C	-0.59%
AIG	D	-0.57%
SJM	C	-0.57%
NEE	C	-0.57%
BAC	D	-0.57%
AZO	D	-0.52%
BNS	B	-0.52%
D	C	-0.51%
BDX	D	-0.51%
TD	B	-0.51%
RY	B	-0.51%
SYK	C	-0.49%
CCI	C	-0.49%
AON	B	-0.46%
UNH	C	-0.43%
BMY	C	-0.43%
SCHW	D	-0.42%
VFC	C	-0.39%
OGE	C	-0.39%
ETR	B	-0.38%
AEP	C	-0.38%
CVX	D	-0.33%
NDAQ	A	-0.31%
ARCC	B	-0.3%
T	C	-0.3%
HSBC	B	-0.29%
CFG	C	-0.29%
DELL	D	-0.28%
CMCSA	D	-0.28%
DB	B	-0.28%
CP	C	-0.27%
WFC	D	-0.26%
CAT	B	-0.26%
CLX	C	-0.26%
SO	B	-0.26%
ATHS	B	-0.26%
GS	C	-0.26%
AL	D	-0.25%
C	C	-0.24%
CMS	C	-0.24%
FIS	B	-0.23%
FITB	B	-0.22%
PPL	C	-0.22%
FOXA	B	-0.21%
NYC	C	-0.21%
CNP	C	-0.2%
SBUX	C	-0.18%
LUV	C	-0.18%
MKC	C	-0.17%
AEE	C	-0.17%
BHF	F	-0.17%
CVS	D	-0.16%
SEB	D	-0.16%
UBS	C	-0.16%
PSX	F	-0.16%
AZN	D	-0.15%
NWG	C	-0.15%
BA	F	-0.15%
ICE	C	-0.15%
MUFG	D	-0.14%
MET	B	-0.13%
AMT	C	-0.13%
CNH	D	-0.13%
ABBV	C	-0.13%
HPE	D	-0.11%
GM	C	-0.1%
VZ	B	-0.1%
MDLZ	B	-0.09%
R	A	-0.08%
HRL	C	-0.07%
ROP	C	-0.07%
DUK	C	-0.07%
COF	B	-0.06%
MS	D	-0.06%
PCAR	D	-0.05%
JPM	D	-0.03%