VFMV vs. PWB ETF Comparison

Comparison of Vanguard U.S. Minimum Volatility ETF (VFMV) to PowerShares Dynamic LargeCap Growth (PWB)

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$125.52

Average Daily Volume

7,103

Number of Holdings ^*

165

* 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

$104.60

Average Daily Volume

18,374

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VFMV	PWB
30 Days	2.02%	3.75%
60 Days	3.96%	9.63%
90 Days	7.37%	11.43%
12 Months	26.90%	42.97%

17 Overlapping Holdings

Symbol	Grade	Weight in VFMV	Weight in PWB	Overlap
AAPL	C	0.54%	3.06%	0.54%
AMAT	F	0.08%	1.3%	0.08%
BSX	A	0.75%	1.43%	0.75%
CL	F	1.05%	1.13%	1.05%
GD	A	1.14%	1.38%	1.14%
GOOGL	B	0.64%	3.36%	0.64%
KLAC	F	0.07%	1.11%	0.07%
LLY	F	0.32%	2.56%	0.32%
META	B	0.47%	3.49%	0.47%
MSFT	C	1.3%	3.15%	1.3%
MSI	B	0.03%	1.43%	0.03%
PGR	A	1.48%	1.37%	1.37%
RSG	A	1.2%	1.32%	1.2%
SPOT	A	0.68%	1.55%	0.68%
TMUS	A	1.43%	3.48%	1.43%
V	A	0.35%	3.46%	0.35%
WM	A	1.06%	1.38%	1.06%

VFMV Overweight 148 Positions Relative to PWB

Symbol	Grade	Weight
IBM	C	1.52%
MCK	A	1.52%
ADI	F	1.5%
DOX	C	1.5%
EQC	C	1.49%
JNJ	D	1.49%
ABT	C	1.49%
PG	C	1.48%
TXN	C	1.48%
COR	A	1.48%
LMT	C	1.47%
MRK	F	1.46%
ED	D	1.44%
CHD	B	1.44%
DUK	D	1.42%
T	A	1.41%
KO	F	1.4%
SO	D	1.38%
CVLT	A	1.38%
NTAP	D	1.37%
ROP	A	1.33%
TJX	B	1.27%
CSCO	A	1.25%
XOM	B	1.23%
NOC	C	1.17%
EA	A	1.16%
CME	A	1.14%
MUSA	B	1.13%
REGN	F	1.12%
ORLY	A	1.11%
IDT	B	1.1%
WMT	A	1.08%
RTX	C	1.06%
IDCC	B	1.06%
KEX	B	1.05%
CBOE	D	1.04%
GIS	F	1.0%
VZ	C	1.0%
FCN	F	0.98%
LRN	B	0.97%
HPQ	B	0.96%
WTW	A	0.93%
CVX	B	0.9%
MGEE	A	0.89%
HSTM	A	0.84%
GILD	C	0.83%
MCD	C	0.79%
VECO	F	0.78%
DLB	C	0.78%
FE	D	0.77%
UNH	B	0.75%
TYL	B	0.74%
ABBV	D	0.74%
TKO	D	0.73%
CHE	D	0.69%
SAFT	B	0.67%
BLKB	C	0.66%
CTRE	C	0.65%
CRUS	F	0.64%
AVGO	C	0.64%
CAH	A	0.64%
NSIT	F	0.56%
WTM	A	0.54%
YELP	C	0.52%
NABL	F	0.51%
GOOG	B	0.48%
GDDY	A	0.46%
WEC	B	0.45%
MATX	A	0.45%
PBH	A	0.42%
NEU	C	0.4%
FLO	F	0.38%
TRV	B	0.38%
INSW	F	0.37%
WMB	B	0.37%
HOLX	D	0.36%
HSY	D	0.36%
DTM	B	0.35%
AJG	A	0.35%
PPC	B	0.34%
AZO	C	0.34%
LAUR	B	0.34%
NVEC	D	0.33%
THFF	B	0.33%
PFE	F	0.32%
BRK.A	B	0.31%
VERX	B	0.3%
FANG	D	0.3%
RLI	A	0.3%
MDLZ	F	0.28%
QRVO	F	0.28%
OLLI	C	0.26%
ATR	A	0.25%
QCOM	F	0.25%
LIN	D	0.24%
JBSS	F	0.24%
MO	A	0.24%
ROL	B	0.23%
MCS	B	0.22%
EXEL	B	0.21%
AMSF	A	0.21%
LOPE	B	0.2%
MTSI	B	0.2%
DECK	B	0.2%
IMMR	F	0.2%
KMI	B	0.2%
ACN	C	0.2%
EBF	D	0.2%
JJSF	B	0.19%
CASS	B	0.19%
AEE	A	0.19%
QNST	C	0.18%
HQY	B	0.18%
SPOK	B	0.15%
FDP	B	0.15%
AMGN	F	0.14%
OLED	F	0.14%
HCKT	B	0.14%
SPNS	F	0.14%
TW	C	0.13%
PI	D	0.12%
CI	D	0.11%
PSX	D	0.1%
DGICA	A	0.1%
TNK	F	0.09%
DJCO	B	0.09%
CNXN	C	0.07%
CB	C	0.07%
UNM	A	0.06%
CTSH	A	0.06%
OSIS	B	0.06%
JPM	B	0.05%
AKAM	F	0.04%
CNA	C	0.04%
PEBK	B	0.04%
LANC	C	0.04%
CLBK	B	0.04%
GLRE	B	0.04%
PEP	D	0.04%
CMS	C	0.03%
NBIX	C	0.03%
BCAL	B	0.03%
EIG	A	0.03%
VRTX	B	0.03%
DTE	D	0.03%
MRAM	D	0.02%
FFNW	D	0.02%
MU	D	0.02%

VFMV Underweight 33 Positions Relative to PWB

Symbol	Grade	Weight
ORCL	A	-4.12%
AMZN	A	-3.72%
CRM	B	-3.6%
NVDA	B	-3.56%
NFLX	A	-3.51%
MA	B	-3.34%
COST	B	-3.08%
ADBE	C	-2.7%
FICO	B	-1.67%
BKNG	A	-1.66%
ANET	C	-1.64%
KKR	B	-1.62%
CEG	D	-1.62%
GWW	B	-1.61%
ETN	A	-1.6%
PWR	B	-1.56%
HWM	A	-1.51%
IR	A	-1.5%
AXP	B	-1.48%
HLT	A	-1.48%
TT	A	-1.47%
APH	B	-1.46%
FTNT	B	-1.45%
CTAS	A	-1.44%
SCCO	F	-1.42%
TDG	B	-1.39%
NU	B	-1.36%
ALL	A	-1.35%
ECL	C	-1.3%
SPGI	C	-1.29%
MCO	C	-1.26%
MELI	D	-1.14%
MPWR	F	-1.08%

VFMV: Top Represented Industries & Keywords

Industries: Insurance - Property & Casualty Semiconductors Drug Manufacturers - Major Internet Content & Information Utilities - Regulated Electric Packaged Foods Software - Application Telecom Services Information Technology Services Aerospace & Defense Banks - Regional - US Biotechnology Business Services Medical Distribution Semiconductor Equipment & Materials Shipping & Ports Education & Training Services Household & Personal Products Media - Diversified Oil & Gas Midstream