SQLV vs. XSHQ ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to PowerShares S&P SmallCap Quality Portfolio (XSHQ)

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$44.38

Average Daily Volume

781

Number of Holdings ^*

257

* may have additional holdings in another (foreign) market

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$46.09

Average Daily Volume

59,217

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	XSHQ
30 Days	6.63%	6.69%
60 Days	6.05%	7.76%
90 Days	6.38%	9.41%
12 Months	20.99%	28.24%

44 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in XSHQ	Overlap
AMR	C	0.61%	1.06%	0.61%
ANDE	D	0.55%	0.55%	0.55%
APAM	B	0.66%	2.07%	0.66%
ARCH	B	0.23%	1.05%	0.23%
ASO	F	0.53%	1.15%	0.53%
ASTH	F	0.41%	0.5%	0.41%
ATEN	A	0.34%	0.42%	0.34%
AX	B	0.75%	1.32%	0.75%
BKE	B	0.74%	0.7%	0.7%
CATY	B	0.76%	0.98%	0.76%
CEIX	A	0.83%	1.4%	0.83%
CNS	B	0.22%	1.2%	0.22%
COLL	F	0.28%	0.38%	0.28%
CORT	B	0.82%	1.92%	0.82%
CRVL	B	0.27%	1.24%	0.27%
CVI	F	0.43%	0.18%	0.18%
DFIN	D	0.33%	0.56%	0.33%
GIII	D	0.48%	0.49%	0.48%
HCI	C	0.16%	0.31%	0.16%
HRMY	D	0.4%	0.37%	0.37%
HWKN	B	0.14%	0.58%	0.14%
IDCC	B	0.78%	1.33%	0.78%
IIIN	C	0.21%	0.22%	0.21%
IOSP	C	0.45%	0.77%	0.45%
JBSS	F	0.33%	0.29%	0.29%
LQDT	B	0.37%	0.16%	0.16%
MCRI	A	0.47%	0.35%	0.35%
NMIH	C	0.59%	0.94%	0.59%
NPK	B	0.36%	0.11%	0.11%
PAYO	A	0.81%	0.84%	0.81%
PCRX	C	0.2%	0.22%	0.2%
PFBC	B	0.52%	0.4%	0.4%
PLAB	C	0.33%	0.43%	0.33%
POWL	C	0.75%	1.44%	0.75%
PRG	C	0.65%	0.59%	0.59%
RES	D	0.33%	0.13%	0.13%
REX	D	0.35%	0.27%	0.27%
ROCK	C	0.37%	0.71%	0.37%
STAA	F	0.2%	0.39%	0.2%
USNA	C	0.29%	0.11%	0.11%
WNC	C	0.29%	0.35%	0.29%
WOR	F	0.37%	0.58%	0.37%
WS	C	0.53%	0.53%	0.53%
YELP	C	0.4%	0.7%	0.4%

SQLV Overweight 213 Positions Relative to XSHQ

Symbol	Grade	Weight
BFH	C	1.13%
CALM	A	0.9%
VCTR	B	0.82%
CAR	C	0.78%
DXC	B	0.77%
EBC	B	0.77%
TGNA	B	0.75%
SLVM	B	0.75%
IBOC	B	0.74%
FDP	B	0.74%
AGX	B	0.72%
LRN	A	0.71%
STRL	A	0.71%
BTU	B	0.7%
SANM	B	0.69%
SKYW	C	0.67%
CCSI	C	0.67%
HAFC	B	0.66%
MD	C	0.66%
ALE	A	0.65%
PBF	D	0.65%
KFY	B	0.63%
FHI	B	0.63%
WHD	B	0.62%
WTTR	A	0.6%
LE	D	0.59%
TDOC	C	0.56%
OMCL	C	0.56%
PRDO	B	0.55%
PAHC	C	0.55%
LGND	C	0.55%
WTFC	A	0.55%
HUBG	A	0.55%
NECB	C	0.54%
CRCT	F	0.54%
INVA	D	0.53%
SCS	C	0.52%
NTGR	B	0.52%
NVST	B	0.52%
NBN	C	0.52%
MCB	B	0.52%
PRGS	A	0.52%
EEFT	B	0.51%
CNXN	C	0.49%
PBH	A	0.49%
TEX	F	0.49%
ITGR	B	0.49%
BXC	B	0.48%
MBWM	B	0.48%
TPC	C	0.48%
FISI	B	0.47%
CIVB	B	0.47%
ADUS	D	0.46%
LMAT	A	0.46%
PLUS	F	0.46%
OSBC	A	0.46%
IRDM	D	0.46%
UNTY	B	0.46%
HAE	C	0.46%
DK	C	0.46%
THFF	B	0.45%
BELFB	C	0.44%
MSBI	B	0.44%
CTS	C	0.44%
INSW	F	0.44%
AMCX	C	0.43%
RMR	F	0.43%
SUPN	C	0.43%
EWCZ	F	0.42%
NTCT	C	0.42%
BHE	C	0.42%
DAKT	C	0.42%
RLGT	B	0.41%
IPGP	D	0.41%
CPRX	C	0.4%
DHIL	B	0.4%
ZD	B	0.4%
EBF	F	0.39%
DVAX	C	0.39%
PKBK	A	0.39%
EVBN	B	0.39%
AVNS	F	0.38%
ATKR	D	0.38%
VCYT	B	0.38%
VSH	F	0.38%
WU	F	0.37%
TH	C	0.37%
AMPH	F	0.37%
WKC	C	0.37%
METC	C	0.37%
RNGR	A	0.37%
HCKT	B	0.37%
ARRY	F	0.36%
OLPX	D	0.36%
SGC	C	0.35%
HSTM	B	0.34%
TDC	D	0.34%
BSIG	A	0.34%
NX	C	0.33%
ACIC	B	0.33%
KFRC	D	0.33%
CRI	F	0.33%
PLPC	B	0.33%
CVEO	F	0.32%
EMBC	C	0.32%
FOR	F	0.32%
IART	C	0.31%
SMLR	B	0.31%
GNE	F	0.31%
COHU	C	0.31%
LGTY	C	0.3%
MPX	C	0.3%
MRVI	F	0.3%
MCFT	C	0.3%
RYI	C	0.3%
IRMD	C	0.3%
IMXI	B	0.3%
FLWS	D	0.3%
SPOK	B	0.29%
ACCO	C	0.29%
KRT	B	0.29%
CHGG	C	0.29%
OMI	F	0.29%
CASS	C	0.29%
JELD	F	0.28%
SIGA	F	0.28%
HBB	F	0.28%
WRLD	C	0.27%
PUMP	C	0.27%
PLXS	B	0.27%
VREX	B	0.27%
EE	A	0.27%
CLW	F	0.26%
NVEC	B	0.26%
NATR	C	0.26%
WINA	C	0.26%
ZIP	D	0.26%
ODP	F	0.26%
PFC	B	0.25%
BTMD	B	0.25%
GIC	D	0.25%
PKE	B	0.25%
CTKB	C	0.25%
ANIP	F	0.25%
UTMD	F	0.24%
MNSB	C	0.24%
HOFT	B	0.24%
RGP	F	0.24%
TZOO	A	0.24%
MED	D	0.24%
ZEUS	C	0.24%
PARR	F	0.24%
TCMD	B	0.23%
CCRN	F	0.23%
ICUI	D	0.23%
EVC	C	0.22%
JILL	C	0.22%
MTUS	C	0.22%
PBYI	C	0.21%
PETS	C	0.21%
MPAA	B	0.21%
LCUT	F	0.21%
SSTK	F	0.2%
CMT	C	0.2%
MDXG	B	0.2%
DBRG	F	0.2%
VRA	C	0.2%
OFLX	D	0.2%
ASRT	D	0.2%
RCMT	C	0.19%
LFVN	C	0.19%
MYPS	C	0.19%
HBCP	C	0.19%
UVE	B	0.19%
MITK	C	0.19%
IRWD	F	0.18%
HTZ	C	0.18%
VIRC	B	0.18%
INTT	C	0.18%
ZYXI	D	0.18%
TGTX	B	0.18%
VPG	F	0.17%
JAKK	C	0.17%
RCKY	F	0.17%
STBA	B	0.17%
HSII	B	0.17%
OSUR	F	0.16%
ACDC	B	0.16%
BBW	C	0.16%
MGNI	B	0.16%
LXU	B	0.16%
ANGO	C	0.15%
ANIK	D	0.15%
SCSC	C	0.15%
EXTR	C	0.15%
DXLG	D	0.15%
NRC	F	0.15%
CCRD	B	0.15%
TWI	F	0.14%
CSPI	C	0.14%
BOX	B	0.14%
BLBD	D	0.13%
IMMR	C	0.13%
SD	D	0.13%
POWW	F	0.13%
CNMD	C	0.13%
THRY	D	0.12%
CVGI	F	0.12%
PAYS	F	0.12%
YOU	D	0.12%
LTRX	F	0.11%
SURG	D	0.1%
IPW	F	0.06%

SQLV Underweight 70 Positions Relative to XSHQ

Symbol	Grade	Weight
MLI	B	-4.25%
JXN	C	-3.19%
AWI	A	-2.57%
KTB	B	-2.13%
BMI	B	-1.98%
PJT	A	-1.92%
ALKS	C	-1.92%
JBT	B	-1.8%
IBP	D	-1.74%
LNC	C	-1.71%
BCC	B	-1.64%
FSS	B	-1.6%
FTDR	B	-1.58%
WDFC	B	-1.58%
SIG	B	-1.51%
BCPC	B	-1.46%
SM	B	-1.36%
RDN	D	-1.33%
MHO	D	-1.3%
FELE	B	-1.26%
AGO	B	-1.21%
FBP	C	-1.14%
AGYS	A	-1.14%
TBBK	B	-1.11%
GMS	B	-1.1%
BRC	D	-1.08%
DORM	B	-1.03%
HP	C	-1.02%
AEO	F	-0.98%
OTTR	C	-0.89%
LCII	C	-0.85%
EPAC	C	-0.85%
SHOO	F	-0.84%
UE	B	-0.81%
PATK	C	-0.79%
PLMR	A	-0.78%
CASH	B	-0.74%
APOG	C	-0.7%
OFG	B	-0.61%
IPAR	B	-0.61%
SXI	B	-0.6%
CENX	B	-0.58%
CHCO	B	-0.54%
TNC	D	-0.54%
MCY	A	-0.54%
WABC	B	-0.52%
CENTA	C	-0.52%
KLG	B	-0.52%
BANF	B	-0.51%
LKFN	C	-0.51%
NHC	C	-0.48%
AMWD	C	-0.47%
GRBK	D	-0.47%
FIZZ	C	-0.45%
CSGS	B	-0.44%
WT	A	-0.44%
DNOW	B	-0.43%
VRTS	B	-0.43%
PDCO	F	-0.43%
TILE	B	-0.42%
AMSF	B	-0.41%
GDEN	B	-0.39%
LNN	B	-0.37%
CAL	F	-0.36%
EIG	B	-0.36%
OXM	F	-0.35%
LPG	F	-0.31%
MNRO	D	-0.23%
SLP	D	-0.14%
GES	F	-0.12%