SPMV vs. PWB ETF Comparison

Comparison of Invesco S&P 500 Minimum Variance ETF (SPMV) to PowerShares Dynamic LargeCap Growth (PWB)

SPMV

Invesco S&P 500 Minimum Variance ETF

SPMV Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500® Minimum Volatility Index (the underlying index). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. The underlying index is designed to measure the performance of a subset of constituent securities of the S&P 500 Index using a managed volatility equity strategy that seeks to achieve lower total volatility than the S&P 500 ® Index, while maintaining other similar characteristics of the S&P 500 ® Index.

Grade (RS Rating)

Last Trade

$46.54

Average Daily Volume

437

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWB

PowerShares Dynamic LargeCap Growth

PWB Description

The PowerShares Dynamic Large Cap Growth Portfolio (Fund) is based on the Dynamic Large Cap Growth IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index seeks to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10-factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$95.86

Average Daily Volume

21,133

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPMV	PWB
30 Days	2.14%	0.77%
60 Days	5.05%	3.34%
90 Days	5.65%	1.59%
12 Months	24.49%	36.79%

14 Overlapping Holdings

Symbol	Grade	Weight in SPMV	Weight in PWB	Overlap
AAPL	D	2.25%	3.24%	2.25%
ADBE	D	2.21%	3.42%	2.21%
ALL	A	1.22%	1.43%	1.22%
AMZN	C	2.79%	3.58%	2.79%
CEG	C	1.21%	1.37%	1.21%
CRM	D	1.42%	3.18%	1.42%
LLY	C	2.79%	3.25%	2.79%
META	A	0.65%	3.35%	0.65%
MSFT	C	2.78%	3.42%	2.78%
NVDA	D	2.93%	3.08%	2.93%
ORCL	B	2.87%	3.86%	2.87%
PGR	A	3.53%	1.44%	1.44%
RSG	D	0.83%	1.41%	0.83%
TMUS	C	2.25%	3.29%	2.25%

SPMV Overweight 65 Positions Relative to PWB

Symbol	Grade	Weight
NEE	B	4.03%
BRK.A	C	3.14%
MMC	C	3.12%
PG	C	3.04%
CB	B	2.94%
MDLZ	B	2.91%
HD	B	2.45%
ABT	C	2.28%
AJG	C	2.2%
VZ	B	2.11%
MRK	D	2.06%
PFE	C	1.95%
ELV	C	1.93%
AON	B	1.93%
AEP	B	1.88%
INTU	D	1.87%
GIS	B	1.85%
VRTX	D	1.83%
QCOM	D	1.8%
CCI	B	1.48%
SRE	B	1.43%
HSY	C	1.28%
ADM	D	1.19%
NOW	A	1.07%
SNPS	D	1.04%
REGN	C	1.0%
MKC	B	0.91%
MDT	C	0.83%
AVGO	C	0.83%
AIG	D	0.83%
ACGL	B	0.79%
WRB	C	0.77%
ISRG	C	0.72%
RMD	C	0.71%
IDXX	C	0.71%
AMGN	B	0.66%
CSCO	B	0.57%
KHC	C	0.56%
JPM	D	0.54%
T	B	0.52%
MRNA	F	0.5%
GOOG	D	0.47%
RTX	C	0.46%
BMY	C	0.44%
TFC	D	0.43%
AES	C	0.43%
TRV	B	0.42%
D	C	0.42%
HRL	C	0.41%
EL	F	0.38%
SJM	C	0.31%
XOM	D	0.31%
ACN	C	0.31%
ES	C	0.29%
K	A	0.27%
BDX	F	0.14%
CAG	B	0.13%
MTD	D	0.11%
DUK	C	0.1%
JNJ	B	0.06%
ROL	C	0.06%
ZTS	B	0.06%
CDNS	D	0.05%
PODD	B	0.04%
XEL	A	0.03%

SPMV Underweight 36 Positions Relative to PWB

Symbol	Grade	Weight
V	B	-3.49%
MA	B	-3.43%
COST	C	-3.34%
NFLX	B	-3.27%
GOOGL	D	-3.11%
FICO	A	-1.54%
BSX	B	-1.49%
MELI	B	-1.49%
GD	B	-1.47%
ETN	C	-1.46%
ANET	B	-1.46%
SPGI	B	-1.46%
GWW	B	-1.46%
CTAS	C	-1.46%
TT	B	-1.45%
TDG	B	-1.44%
MSI	C	-1.44%
CL	C	-1.43%
ECL	B	-1.43%
BKNG	B	-1.42%
AXP	B	-1.42%
HLT	B	-1.41%
IR	C	-1.41%
PWR	B	-1.41%
WM	D	-1.41%
SPOT	B	-1.41%
KKR	B	-1.4%
NU	B	-1.4%
MCO	A	-1.4%
FTNT	C	-1.39%
HWM	B	-1.38%
MPWR	C	-1.35%
APH	D	-1.35%
AMAT	D	-1.33%
SCCO	D	-1.32%
KLAC	D	-1.28%