SPLV vs. QLV ETF Comparison

Comparison of PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$73.96

Average Daily Volume

1,577,046

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$67.22

Average Daily Volume

10,357

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	SPLV	QLV
30 Days	2.35%	0.23%
60 Days	3.72%	1.42%
90 Days	6.25%	3.24%
12 Months	23.06%	25.29%

38 Overlapping Holdings

Symbol	Grade	Weight in SPLV	Weight in QLV	Overlap
ABBV	D	0.0%	0.97%	0.0%
ABT	B	0.98%	0.92%	0.92%
ADP	B	1.11%	0.92%	0.92%
AEP	D	0.91%	0.52%	0.52%
AVY	D	0.92%	0.64%	0.64%
BRK.A	B	1.31%	0.59%	0.59%
CB	C	1.02%	0.72%	0.72%
CME	A	1.04%	0.91%	0.91%
CMS	C	1.03%	0.53%	0.53%
COR	B	0.99%	0.2%	0.2%
DUK	C	1.07%	0.87%	0.87%
EA	A	1.03%	0.23%	0.23%
ED	D	1.0%	0.77%	0.77%
GD	F	1.03%	0.61%	0.61%
GIS	D	0.88%	0.72%	0.72%
JKHY	D	0.89%	0.53%	0.53%
JNJ	D	1.11%	1.68%	1.11%
JPM	A	0.01%	0.21%	0.01%
L	A	1.15%	0.11%	0.11%
LIN	D	1.08%	0.19%	0.19%
LMT	D	1.04%	1.07%	1.04%
MCD	D	0.97%	1.97%	0.97%
MCK	B	0.02%	0.35%	0.02%
MMC	B	1.17%	0.05%	0.05%
NOC	D	0.92%	0.6%	0.6%
PEP	F	1.04%	1.52%	1.04%
PG	A	1.22%	3.17%	1.22%
PKG	A	0.89%	0.61%	0.61%
PM	B	0.96%	0.21%	0.21%
PNW	B	0.9%	0.52%	0.52%
ROP	B	0.98%	0.14%	0.14%
RSG	A	1.22%	0.58%	0.58%
SO	D	1.0%	0.68%	0.68%
TMUS	B	1.17%	1.14%	1.14%
V	A	1.1%	2.25%	1.1%
WEC	A	0.97%	0.83%	0.83%
WM	A	0.97%	0.68%	0.68%
WTW	B	1.0%	0.87%	0.87%

SPLV Overweight 76 Positions Relative to QLV

Symbol	Grade	Weight
KO	D	1.37%
CL	D	1.23%
ATO	A	1.21%
MA	C	1.13%
HON	B	1.11%
NI	A	1.09%
PPL	B	1.09%
ITW	B	1.09%
FI	A	1.08%
MSI	B	1.08%
CHD	B	1.07%
KMI	A	1.07%
YUM	B	1.07%
BSX	B	1.07%
ICE	C	1.06%
FE	C	1.05%
LNT	A	1.05%
TJX	A	1.03%
PEG	A	1.03%
SRE	A	1.02%
EVRG	A	1.02%
SPGI	C	1.01%
MDLZ	F	1.0%
OKE	A	0.99%
KMB	D	0.99%
RTX	C	0.99%
BK	A	0.99%
BR	A	0.98%
WMB	A	0.98%
KDP	D	0.97%
SYK	C	0.97%
EIX	B	0.96%
HOLX	D	0.96%
STZ	D	0.95%
MO	A	0.94%
AMP	A	0.94%
OTIS	C	0.94%
AJG	B	0.94%
CTAS	B	0.94%
WELL	A	0.94%
HLT	A	0.94%
O	D	0.93%
NDAQ	A	0.93%
CVX	A	0.93%
VRSN	F	0.93%
PPG	F	0.93%
AVB	B	0.92%
REG	B	0.92%
WMT	A	0.92%
VICI	C	0.92%
MDT	D	0.92%
BRO	B	0.92%
PCG	A	0.92%
HIG	B	0.91%
ECL	D	0.91%
ORLY	B	0.91%
UNP	C	0.91%
SYY	B	0.9%
LYB	F	0.9%
LHX	C	0.9%
DTE	C	0.9%
FRT	B	0.89%
PAYX	C	0.87%
CSX	B	0.85%
LDOS	C	0.73%
COST	B	0.02%
ETR	B	0.0%
CSCO	B	0.0%
MET	A	0.0%
CBOE	B	0.0%
AFL	B	0.0%
PRU	A	0.0%
AIG	B	0.0%
AME	A	0.0%
DRI	B	0.0%
DGX	A	0.0%

SPLV Underweight 76 Positions Relative to QLV

Symbol	Grade	Weight
MSFT	F	-7.86%
NVDA	C	-5.54%
AAPL	C	-5.13%
AMZN	C	-2.5%
LLY	F	-2.4%
MRK	F	-2.29%
IBM	C	-1.77%
VZ	C	-1.58%
T	A	-1.46%
META	D	-1.27%
XOM	B	-1.15%
GILD	C	-1.11%
QLYS	C	-0.89%
ATR	B	-0.89%
GOOGL	C	-0.87%
TXN	C	-0.86%
PSA	D	-0.84%
AIZ	A	-0.84%
WDFC	B	-0.81%
TYL	B	-0.81%
K	A	-0.77%
RGLD	C	-0.77%
DOX	D	-0.76%
LSTR	D	-0.74%
CHE	D	-0.74%
AMGN	D	-0.73%
CHKP	D	-0.72%
ZM	B	-0.7%
QGEN	D	-0.67%
TRV	B	-0.66%
DTM	B	-0.65%
DLR	B	-0.65%
GOOG	C	-0.62%
CALM	A	-0.62%
EQIX	A	-0.62%
ALL	A	-0.62%
XEL	A	-0.62%
SMMT	D	-0.61%
CINF	A	-0.59%
WCN	A	-0.57%
CTVA	C	-0.57%
AZO	C	-0.56%
AEE	A	-0.56%
SIGI	C	-0.55%
STNG	F	-0.55%
MKL	A	-0.54%
SCI	B	-0.53%
CTRA	B	-0.53%
WRB	A	-0.53%
ADC	B	-0.52%
TSCO	D	-0.5%
BAH	F	-0.5%
SON	D	-0.49%
CHRW	C	-0.49%
FLO	D	-0.47%
REGN	F	-0.47%
HSY	F	-0.46%
TTEK	F	-0.46%
NBIX	C	-0.43%
HRL	D	-0.4%
AVGO	D	-0.4%
VRSK	A	-0.39%
BMRN	D	-0.37%
NFG	A	-0.37%
HII	D	-0.36%
SLGN	A	-0.33%
DDS	B	-0.3%
BMI	B	-0.28%
CRUS	D	-0.26%
ALKS	B	-0.19%
ADI	D	-0.15%
NCNO	B	-0.13%
CAG	D	-0.13%
CWAN	B	-0.09%
UNH	C	-0.07%
EXPD	D	-0.03%