XLF vs. PWV ETF Comparison

Comparison of SPDR Select Sector Fund - Financial (XLF) to PowerShares Dynamic LargeCap Value (PWV)

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

36,505,122

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PWV

PowerShares Dynamic LargeCap Value

PWV Description

The PowerShares Dynamic Large Cap Value Portfolio (Fund) is based on the Dynamic Large Cap Value IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed 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

$56.52

Average Daily Volume

37,549

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XLF	PWV
30 Days	6.59%	3.70%
60 Days	6.90%	3.17%
90 Days	7.20%	3.24%
12 Months	31.62%	21.07%

14 Overlapping Holdings

Symbol	Grade	Weight in XLF	Weight in PWV	Overlap
AFL	B	0.91%	1.72%	0.91%
AIG	D	0.81%	1.35%	0.81%
BAC	D	4.38%	3.27%	3.27%
BK	B	0.8%	1.58%	0.8%
CB	A	1.89%	1.51%	1.51%
CME	A	1.23%	1.41%	1.23%
COF	C	0.87%	1.43%	0.87%
FIS	A	0.73%	1.49%	0.73%
JPM	B	10.03%	3.49%	3.49%
MET	B	0.74%	1.49%	0.74%
MS	C	2.0%	3.23%	2.0%
PNC	B	1.15%	1.63%	1.15%
PRU	C	0.68%	1.38%	0.68%
WFC	D	3.22%	3.1%	3.1%

XLF Overweight 56 Positions Relative to PWV

Symbol	Grade	Weight
BRK.A	B	13.79%
V	A	7.03%
MA	B	6.31%
SPGI	A	2.62%
GS	C	2.52%
PGR	A	2.37%
AXP	B	2.28%
BLK	B	1.97%
C	D	1.86%
MMC	A	1.82%
BX	B	1.57%
SCHW	D	1.52%
ICE	A	1.48%
KKR	B	1.24%
PYPL	B	1.21%
MCO	B	1.21%
AON	A	1.2%
USB	B	1.14%
AJG	A	1.03%
TFC	B	0.93%
TRV	A	0.84%
ALL	B	0.8%
MSCI	B	0.72%
AMP	B	0.7%
ACGL	B	0.67%
DFS	C	0.54%
HIG	B	0.54%
WTW	A	0.48%
NDAQ	A	0.48%
FITB	B	0.46%
GPN	C	0.45%
MTB	B	0.45%
STT	B	0.41%
BRO	A	0.4%
TROW	D	0.37%
CPAY	B	0.35%
CBOE	A	0.35%
RJF	D	0.35%
HBAN	B	0.34%
CINF	B	0.34%
RF	B	0.33%
SYF	C	0.31%
CFG	B	0.3%
NTRS	B	0.29%
WRB	B	0.29%
PFG	D	0.28%
EG	B	0.27%
FDS	C	0.26%
KEY	B	0.25%
L	B	0.24%
JKHY	B	0.2%
AIZ	B	0.16%
MKTX	A	0.15%
GL	B	0.14%
IVZ	C	0.12%
BEN	F	0.1%

XLF Underweight 35 Positions Relative to PWV

Symbol	Grade	Weight
ABBV	B	-4.03%
IBM	A	-3.82%
JNJ	B	-3.68%
ABT	A	-3.56%
AMGN	C	-3.5%
CSCO	B	-3.41%
VZ	B	-3.35%
CMCSA	C	-3.18%
XOM	C	-3.16%
CAT	C	-3.08%
CVX	F	-2.83%
DHI	B	-1.75%
HCA	B	-1.69%
FDX	D	-1.61%
LEN	B	-1.57%
LOW	B	-1.55%
GM	B	-1.53%
CI	B	-1.5%
WMB	B	-1.49%
ELV	B	-1.43%
URI	C	-1.43%
ET	C	-1.4%
KR	C	-1.39%
CNC	D	-1.37%
EOG	D	-1.33%
MPC	D	-1.31%
F	D	-1.27%
PSX	D	-1.26%
COP	D	-1.25%
PCAR	D	-1.19%
VLO	D	-1.16%
NXPI	D	-1.16%
NUE	F	-1.14%
SCCO	D	-1.09%
DELL	F	-0.89%