SPLV vs. FAS ETF Comparison

Comparison of PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV) to Direxion Financial Bull 3X Shares (FAS)

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility 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 lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$71.17

Average Daily Volume

1,975,379

Number of Holdings ^*

97

* may have additional holdings in another (foreign) market

FAS

Direxion Financial Bull 3X Shares

FAS Description

The investment seeks daily investment results, before fees and expenses, of 300% of the performance of the Russell 1000® Financial Services Index. The fund, under normal circumstances, creates long positions by investing at least 80% of its assets in the securities that comprise the Russell 1000® Financial Services Index ("index") and/or financial instruments that provide leveraged and unleveraged exposure to the index. The index is a subset of the Russell 1000® Index that measures the performance of the securities classified in the financial services sector of the large cap U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$131.27

Average Daily Volume

767,243

Number of Holdings ^*

70

* may have additional holdings in another (foreign) market

Performance

Period	SPLV	FAS
30 Days	2.33%	10.86%
60 Days	6.26%	13.79%
90 Days	8.38%	28.80%
12 Months	19.36%	110.20%

21 Overlapping Holdings

	Symbol	Grade	Weight in SPLV	Weight in FAS	Overlap
	AFL	C	0.95%	0.61%	0.61%
	AIG	D	0.95%	0.53%	0.53%
	AJG	D	0.98%	0.71%	0.71%
	AMP	B	1.0%	0.47%	0.47%
	BK	A	1.04%	0.57%	0.57%
	BRK.A	C	1.4%	8.95%	1.4%
	BRO	C	0.92%	0.27%	0.27%
	CB	B	1.07%	1.29%	1.07%
	CBOE	C	0.89%	0.24%	0.24%
	CME	C	1.04%	0.86%	0.86%
	HIG	B	1.02%	0.37%	0.37%
	ICE	C	1.07%	1.01%	1.01%
	JPM	D	0.97%	6.51%	0.97%
	L	D	1.18%	0.16%	0.16%
	MA	B	1.14%	4.43%	1.14%
	MET	A	0.98%	0.49%	0.49%
	MMC	C	1.21%	1.24%	1.21%
	PFG	B	0.94%	0.19%	0.19%
	PRU	C	0.97%	0.46%	0.46%
	SPGI	A	1.01%	1.83%	1.01%
	V	C	1.26%	4.93%	1.26%

SPLV Overweight 76 Positions Relative to FAS

	Symbol	Grade	Weight
	KO	B	1.32%
	TMUS	C	1.28%
	RSG	D	1.22%
	CL	C	1.2%
	PG	C	1.18%
	WMT	B	1.16%
	TJX	C	1.14%
	LIN	B	1.11%
	JNJ	C	1.1%
	PM	C	1.08%
	HON	D	1.08%
	ROP	C	1.08%
	MCD	B	1.08%
	ITW	C	1.06%
	ATO	B	1.06%
	MSI	B	1.04%
	AVY	D	1.04%
	MDLZ	C	1.03%
	REGN	C	1.03%
	UNP	C	1.02%
	DUK	B	1.02%
	YUM	F	1.01%
	PEP	D	1.01%
	COST	B	1.0%
	ADP	B	1.0%
	KMI	A	1.0%
	GD	B	0.99%
	WMB	B	0.99%
	OKE	B	0.98%
	CTAS	C	0.98%
	LMT	B	0.98%
	AME	C	0.98%
	CSCO	B	0.98%
	KDP	B	0.97%
	PPL	B	0.97%
	KMB	D	0.96%
	WELL	C	0.96%
	WM	D	0.96%
	SO	A	0.96%
	MDT	C	0.96%
	CHD	C	0.96%
	ABT	C	0.95%
	PEG	A	0.95%
	CMS	B	0.95%
	PKG	B	0.95%
	STZ	D	0.95%
	DRI	B	0.95%
	IEX	D	0.95%
	VRSN	D	0.95%
	AVB	C	0.95%
	ED	C	0.95%
	ETR	A	0.94%
	OTIS	C	0.94%
	PAYX	C	0.94%
	FE	C	0.94%
	OMC	B	0.93%
	CSX	D	0.93%
	SRE	B	0.93%
	MO	C	0.93%
	LNT	B	0.93%
	GIS	B	0.92%
	WEC	B	0.92%
	ECL	A	0.92%
	DGX	C	0.91%
	PPG	D	0.91%
	ABBV	C	0.91%
	EA	D	0.9%
	ELV	C	0.9%
	HLT	B	0.9%
	BR	D	0.89%
	HOLX	C	0.89%
	EVRG	B	0.88%
	SYY	D	0.88%
	LYB	F	0.88%
	DOW	D	0.83%
	MCK	F	0.76%

SPLV Underweight 49 Positions Relative to FAS

	Symbol	Grade	Weight
	BAC	D	-2.89%
	WFC	D	-1.97%
	GS	C	-1.68%
	PGR	A	-1.6%
	AXP	B	-1.59%
	BLK	B	-1.36%
	MS	C	-1.33%
	C	D	-1.2%
	BX	B	-1.15%
	SCHW	D	-1.01%
	KKR	A	-0.88%
	AON	B	-0.83%
	MCO	A	-0.82%
	PYPL	B	-0.81%
	PNC	A	-0.78%
	USB	B	-0.75%
	TFC	D	-0.61%
	TRV	B	-0.59%
	COF	A	-0.58%
	ALL	B	-0.54%
	FIS	B	-0.51%
	MSCI	C	-0.49%
	ACGL	B	-0.45%
	DFS	B	-0.36%
	NDAQ	A	-0.33%
	WTW	C	-0.32%
	GPN	D	-0.31%
	FITB	B	-0.31%
	MTB	A	-0.3%
	STT	B	-0.27%
	TROW	D	-0.26%
	CPAY	C	-0.24%
	RJF	C	-0.24%
	HBAN	B	-0.23%
	CINF	C	-0.23%
	RF	B	-0.22%
	NTRS	B	-0.2%
	CFG	C	-0.2%
	SYF	C	-0.2%
	WRB	C	-0.19%
	EG	C	-0.18%
	FDS	C	-0.18%
	KEY	B	-0.17%
	JKHY	C	-0.14%
	MKTX	C	-0.11%
	AIZ	B	-0.11%
	GL	C	-0.09%
	IVZ	B	-0.08%
	BEN	F	-0.06%

SPLV: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Diversified Industrials Business Services Household & Personal Products Insurance - Life Specialty Chemicals Utilities - Diversified Beverages - Soft Drinks Financial Data & Stock Exchanges Insurance - Diversified Insurance Brokers Oil & Gas Midstream Restaurants Aerospace & Defense Asset Management Communication Equipment Credit Services Discount Stores Drug Manufacturers - Major Insurance - Property & Casualty

Keywords: S&P 500 Nasdaq 100 Electricity Natural Gas Insurance Dow Jones Component Disability Aerospace Alcohol Chemical Gas Transmission Insurance Products Natural Gas Distribution Beverage Medicine Natural Gas Liquids Plastic Acid Beverage Products Casualty Insurance

FAS: Top Represented Industries & Keywords

Industries: Asset Management Banks - Regional - US Capital Markets Credit Services Insurance - Property & Casualty Insurance - Diversified Insurance - Life Insurance Brokers Banks - Global Business Services Financial Data & Stock Exchanges Insurance - Reinsurance

Keywords: S&P 500 Insurance Bank Banking Insurance Products Investment Bank Cash Management Disability Casualty Insurance Financial Products Investment Management Commercial Banking Risk Management Life Insurance Hedge Funds Investment Product Risk Management Services Advisory Services Asset Management Services Credit Card