XRLV vs. HDLB ETF Comparison

Comparison of PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV) to ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044 (HDLB)

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.04

Average Daily Volume

803

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

HDLB

ETRACS Monthly Pay 2xLeveraged US High Dividend Low Volatility ETN Series B due September 30, 2044

HDLB Description

The investment seeks to provide two times leveraged long exposure to the compounded monthly performance of the Solactive US High Dividend Low Volatility Index. The index is designed to measure the performance of 40 dividend yielding, relatively lower volatility Index Constituent Securities from the universe of the largest 1,000 U.S. listed stocks by market capitalization, as described herein. The Securities seek to approximate the monthly returns that might be available to investors through a leveraged “long” investment in the index constituent securities.

Grade (RS Rating)

Last Trade

$15.47

Average Daily Volume

2,751

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XRLV	HDLB
30 Days	2.47%	4.78%
60 Days	4.00%	9.79%
90 Days	6.43%	17.43%
12 Months	23.64%	63.28%

11 Overlapping Holdings

Symbol	Grade	Weight in XRLV	Weight in HDLB	Overlap
ABBV	D	0.76%	9.8%	0.76%
DUK	C	0.96%	3.27%	0.96%
ED	D	0.87%	1.85%	0.87%
ETR	B	1.11%	1.73%	1.11%
FE	C	0.87%	1.42%	0.87%
MO	A	0.97%	3.18%	0.97%
NI	A	0.97%	0.91%	0.91%
PM	B	1.08%	3.83%	1.08%
PPL	B	1.0%	1.48%	1.0%
SO	D	0.93%	2.94%	0.93%
SRE	A	1.03%	1.71%	1.03%

XRLV Overweight 89 Positions Relative to HDLB

Symbol	Grade	Weight
TMUS	B	1.45%
BRK.A	B	1.43%
V	A	1.34%
FI	A	1.3%
KMI	A	1.28%
AMP	A	1.26%
L	A	1.24%
WMB	A	1.22%
RSG	A	1.21%
MA	C	1.19%
WMT	A	1.19%
HON	B	1.18%
BK	A	1.16%
OKE	A	1.16%
MMC	B	1.14%
PG	A	1.13%
ITW	B	1.13%
MSI	B	1.13%
TJX	A	1.13%
ATO	A	1.12%
KO	D	1.12%
JPM	A	1.12%
AME	A	1.11%
CSCO	B	1.11%
IEX	B	1.07%
ROP	B	1.06%
CME	A	1.06%
MCD	D	1.06%
MET	A	1.05%
CB	C	1.04%
PRU	A	1.04%
ADP	B	1.04%
LIN	D	1.04%
PKG	A	1.04%
HIG	B	1.03%
CL	D	1.03%
HLT	A	1.02%
JNJ	D	1.01%
CTAS	B	1.0%
PEG	A	0.99%
WELL	A	0.99%
YUM	B	0.99%
CHD	B	0.99%
PFG	D	0.99%
DRI	B	0.98%
COR	B	0.98%
PAYX	C	0.98%
WM	A	0.98%
BRO	B	0.97%
EA	A	0.97%
CSX	B	0.96%
AIG	B	0.96%
AJG	B	0.95%
AFL	B	0.95%
UNP	C	0.94%
BR	A	0.94%
LNT	A	0.94%
WEC	A	0.93%
GD	F	0.93%
VRSN	F	0.93%
ABT	B	0.92%
DGX	A	0.92%
AVB	B	0.92%
AVY	D	0.92%
CMS	C	0.91%
MDT	D	0.91%
LH	C	0.91%
LMT	D	0.9%
VRSK	A	0.9%
EVRG	A	0.9%
PEP	F	0.89%
OMC	C	0.89%
KMB	D	0.88%
MCK	B	0.88%
ECL	D	0.88%
MDLZ	F	0.87%
PPG	F	0.87%
STZ	D	0.87%
JKHY	D	0.86%
HOLX	D	0.85%
SYY	B	0.84%
CBOE	B	0.83%
KDP	D	0.81%
BDX	F	0.8%
GIS	D	0.78%
LYB	F	0.76%
DOW	F	0.71%
REGN	F	0.66%
ELV	F	0.64%

XRLV Underweight 26 Positions Relative to HDLB

Symbol	Grade	Weight
PFE	D	-13.4%
VZ	C	-9.25%
T	A	-8.79%
GILD	C	-5.14%
IBM	C	-5.12%
D	C	-2.76%
AEP	D	-2.58%
O	D	-2.51%
VICI	C	-1.93%
KHC	F	-1.93%
K	A	-1.47%
NLY	C	-1.43%
EIX	B	-1.34%
IP	B	-1.22%
MPW	F	-1.04%
AGNC	D	-1.03%
PNW	B	-0.78%
WPC	D	-0.76%
WU	D	-0.73%
ARCC	A	-0.46%
GLPI	C	-0.44%
OGE	B	-0.43%
STAG	F	-0.4%
FSK	A	-0.25%
KD	B	-0.14%
ONL	C	-0.07%