VPU vs. PEY ETF Comparison

Comparison of Vanguard Utilities ETF - DNQ (VPU) to PowerShares High Yield Dividend Achievers (PEY)

VPU

Vanguard Utilities ETF - DNQ

VPU Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Utilities 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the utilities sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$176.00

Average Daily Volume

188,176

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PEY

PowerShares High Yield Dividend Achievers

PEY Description

The PowerShares High Yield Equity Dividend Achievers Portfolio (Fund) is based on the NASDAQ US Dividend AchieversTM 50 Index (Index). The Fund will normally invest at least 90% of its total assets in dividend paying common stocks that comprise the Index. The Index is comprised of 50 stocks selected principally on the basis of dividend yield and consistent growth in dividends. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc., replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Mergent Dividend Achievers 50 Index to NASDAQ Dividend Achievers 50 Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$21.44

Average Daily Volume

184,143

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VPU	PEY
30 Days	6.98%	-0.63%
60 Days	9.64%	3.33%
90 Days	19.07%	12.07%
12 Months	47.40%	22.16%

12 Overlapping Holdings

Symbol	Grade	Weight in VPU	Weight in PEY	Overlap
AVA	D	0.24%	2.2%	0.24%
BKH	C	0.32%	2.05%	0.32%
ES	C	1.89%	1.83%	1.83%
EVRG	C	1.08%	2.06%	1.08%
NWE	B	0.26%	2.25%	0.26%
NWN	C	0.12%	2.17%	0.12%
OGE	A	0.63%	1.98%	0.63%
PNW	A	0.79%	1.87%	0.79%
POR	C	0.39%	1.81%	0.39%
SR	C	0.3%	2.08%	0.3%
UGI	C	0.41%	2.67%	0.41%
WEC	A	2.33%	1.63%	1.63%

VPU Overweight 54 Positions Relative to PEY

Symbol	Grade	Weight
NEE	A	13.11%
SO	A	7.2%
DUK	A	6.97%
CEG	B	4.91%
AEP	C	4.19%
SRE	A	4.12%
D	A	3.71%
PEG	A	3.19%
PCG	B	3.17%
EXC	A	3.02%
ED	A	2.78%
XEL	A	2.7%
EIX	A	2.65%
VST	A	2.35%
AWK	B	2.21%
DTE	A	2.05%
ETR	A	2.04%
FE	B	1.9%
PPL	A	1.87%
AEE	A	1.74%
CMS	A	1.61%
ATO	A	1.56%
NRG	A	1.4%
CNP	B	1.29%
LNT	A	1.18%
NI	A	1.17%
AES	B	0.96%
WTRG	D	0.8%
NFG	A	0.41%
IDA	C	0.41%
NJR	C	0.36%
SWX	C	0.33%
ORA	C	0.32%
OGS	C	0.31%
ALE	A	0.29%
PNM	B	0.28%
MGEE	C	0.25%
OTTR	F	0.25%
CWT	D	0.25%
AWR	A	0.24%
AGR	C	0.22%
CPK	C	0.21%
NEP	D	0.19%
CWEN	C	0.19%
SJW	D	0.14%
MSEX	C	0.09%
NOVA	D	0.09%
HE	F	0.09%
UTL	C	0.08%
CWEN	C	0.07%
YORW	D	0.04%
ARTNA	D	0.03%
AMPS	F	0.02%
MNTK	D	0.02%

VPU Underweight 37 Positions Relative to PEY

Symbol	Grade	Weight
WBA	F	-3.71%
MO	D	-3.12%
VZ	A	-3.05%
BEN	F	-2.81%
FIBK	D	-2.72%
PFE	D	-2.63%
CCOI	B	-2.61%
UVV	D	-2.59%
UPS	D	-2.29%
LYB	D	-2.25%
TROW	D	-2.14%
KEY	C	-2.14%
BMY	B	-2.14%
TFC	D	-2.0%
CVX	B	-1.95%
PRU	C	-1.91%
WSBC	D	-1.88%
PM	C	-1.87%
MAN	D	-1.84%
USB	C	-1.81%
RF	C	-1.81%
FLO	D	-1.8%
IPG	C	-1.7%
UBSI	D	-1.66%
IBM	B	-1.63%
BBY	B	-1.63%
PRGO	F	-1.59%
SON	D	-1.58%
TRN	C	-1.55%
INDB	D	-1.53%
PNC	C	-1.53%
SWK	A	-1.51%
EMN	C	-1.5%
KMB	B	-1.46%
MMM	C	-1.33%
HPQ	C	-1.32%
K	B	-1.26%