XSHQ vs. ECML ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to EA Series Trust Euclidean Fundamental Value ETF (ECML)

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

$46.77

Average Daily Volume

59,217

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

ECML

EA Series Trust Euclidean Fundamental Value ETF

ECML Description

The fund is an actively managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing in U.S. equity securities that the sub-adviser believes are under-valued and under-appreciated by the market. The sub-adviser employs a quantitative and systematic approach to long-term investing. It is expected that the fund will generally hold 60 to 70 stocks that are selected from a universe that includes all publicly traded stocks listed on the New York Stock Exchange ("NYSE") and the Nasdaq Market ("Nasdaq").

Grade (RS Rating)

Last Trade

$35.39

Average Daily Volume

1,196

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	ECML
30 Days	6.69%	5.65%
60 Days	7.76%	4.42%
90 Days	9.41%	4.02%
12 Months	28.24%	26.43%

12 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in ECML	Overlap
AMR	C	1.06%	1.53%	1.06%
ANDE	D	0.55%	1.47%	0.55%
ARCH	B	1.05%	1.65%	1.05%
BCC	B	1.64%	1.51%	1.51%
CEIX	A	1.4%	1.83%	1.4%
GIII	D	0.49%	1.65%	0.49%
GRBK	D	0.47%	1.74%	0.47%
LPG	F	0.31%	1.17%	0.31%
MHO	D	1.3%	1.58%	1.3%
MLI	B	4.25%	2.27%	2.27%
PLAB	C	0.43%	1.46%	0.43%
SM	B	1.36%	1.75%	1.36%

XSHQ Overweight 102 Positions Relative to ECML

Symbol	Grade	Weight
JXN	C	3.19%
AWI	A	2.57%
KTB	B	2.13%
APAM	B	2.07%
BMI	B	1.98%
PJT	A	1.92%
CORT	B	1.92%
ALKS	C	1.92%
JBT	B	1.8%
IBP	D	1.74%
LNC	C	1.71%
FSS	B	1.6%
FTDR	B	1.58%
WDFC	B	1.58%
SIG	B	1.51%
BCPC	B	1.46%
POWL	C	1.44%
RDN	D	1.33%
IDCC	B	1.33%
AX	B	1.32%
FELE	B	1.26%
CRVL	B	1.24%
AGO	B	1.21%
CNS	B	1.2%
ASO	F	1.15%
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%
CATY	B	0.98%
AEO	F	0.98%
NMIH	C	0.94%
OTTR	C	0.89%
LCII	C	0.85%
EPAC	C	0.85%
PAYO	A	0.84%
SHOO	F	0.84%
UE	B	0.81%
PATK	C	0.79%
PLMR	A	0.78%
IOSP	C	0.77%
CASH	B	0.74%
ROCK	C	0.71%
APOG	C	0.7%
BKE	B	0.7%
YELP	C	0.7%
OFG	B	0.61%
IPAR	B	0.61%
SXI	B	0.6%
PRG	C	0.59%
HWKN	B	0.58%
WOR	F	0.58%
CENX	B	0.58%
DFIN	D	0.56%
CHCO	B	0.54%
TNC	D	0.54%
MCY	A	0.54%
WS	C	0.53%
WABC	B	0.52%
CENTA	C	0.52%
KLG	B	0.52%
BANF	B	0.51%
LKFN	C	0.51%
ASTH	F	0.5%
NHC	C	0.48%
AMWD	C	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%
ATEN	A	0.42%
AMSF	B	0.41%
PFBC	B	0.4%
GDEN	B	0.39%
STAA	F	0.39%
COLL	F	0.38%
LNN	B	0.37%
HRMY	D	0.37%
CAL	F	0.36%
EIG	B	0.36%
WNC	C	0.35%
MCRI	A	0.35%
OXM	F	0.35%
HCI	C	0.31%
JBSS	F	0.29%
REX	D	0.27%
MNRO	D	0.23%
PCRX	C	0.22%
IIIN	C	0.22%
CVI	F	0.18%
LQDT	B	0.16%
SLP	D	0.14%
RES	D	0.13%
GES	F	0.12%
NPK	B	0.11%
USNA	C	0.11%

XSHQ Underweight 48 Positions Relative to ECML

Symbol	Grade	Weight
ALSN	B	-2.24%
CALM	A	-2.21%
HSII	B	-2.11%
TOL	B	-1.95%
GPI	B	-1.86%
PRDO	B	-1.84%
PPC	C	-1.83%
FOXA	A	-1.82%
LNG	A	-1.81%
TMHC	C	-1.78%
OVV	B	-1.77%
INGR	C	-1.76%
MO	A	-1.72%
OSK	C	-1.7%
EOG	A	-1.69%
OC	A	-1.69%
STLD	B	-1.69%
PHM	D	-1.68%
DDS	B	-1.67%
KBH	D	-1.67%
SANM	B	-1.65%
CMC	B	-1.64%
COP	C	-1.64%
SIRI	C	-1.62%
VLO	C	-1.6%
TPH	D	-1.6%
COKE	C	-1.6%
HCC	B	-1.58%
PCAR	B	-1.58%
ATKR	D	-1.55%
HESM	B	-1.54%
CF	A	-1.54%
TEX	F	-1.51%
LEN	D	-1.51%
DVN	F	-1.5%
AN	C	-1.48%
MPC	D	-1.48%
NUE	C	-1.48%
DINO	D	-1.45%
DHI	F	-1.43%
IMKTA	C	-1.43%
LBRT	D	-1.41%
BG	D	-1.41%
MTH	D	-1.4%
ARW	D	-1.29%
MOH	F	-1.29%
INSW	F	-1.22%
FOR	F	-1.16%