XSW vs. XSLV ETF Comparison

Comparison of SPDR S&P Software & Services ETF (XSW) to PowerShares S&P SmallCap Low Volatility Portfolio (XSLV)

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$158.99

Average Daily Volume

9,972

Number of Holdings ^*

127

* may have additional holdings in another (foreign) market

XSLV

PowerShares S&P SmallCap Low Volatility Portfolio

XSLV Description

The PowerShares S&P SmallCap Low Volatility Portfolio (Fund) is based on the S&P SmallCap 600 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 120 out of 600 small-capitalization range securities from the S&P SmallCap 600 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$48.57

Average Daily Volume

28,950

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	XSW	XSLV
30 Days	3.24%	4.70%
60 Days	3.12%	4.56%
90 Days	8.68%	12.95%
12 Months	24.01%	22.91%

3 Overlapping Holdings

Symbol	Grade	Weight in XSW	Weight in XSLV	Overlap
IDCC	B	0.81%	0.78%	0.78%
NABL	D	0.63%	0.68%	0.63%
PRGS	C	0.83%	0.85%	0.83%

XSW Overweight 124 Positions Relative to XSLV

Symbol	Grade	Weight
AUR	B	1.37%
ZETA	C	1.2%
IOT	B	1.18%
YOU	C	1.18%
PLTR	B	1.06%
APP	C	0.97%
FICO	B	0.95%
ACIW	B	0.94%
RBLX	B	0.92%
GWRE	A	0.91%
CVLT	B	0.9%
INTA	A	0.9%
BOX	C	0.9%
QTWO	B	0.89%
IBM	B	0.89%
VRNS	C	0.88%
TYL	C	0.88%
NOW	B	0.87%
GTLB	D	0.87%
ACN	C	0.87%
FTNT	C	0.87%
WDAY	D	0.86%
S	C	0.86%
SMAR	C	0.86%
CWAN	B	0.86%
CTSH	C	0.85%
IT	B	0.84%
PEGA	C	0.83%
DXC	C	0.83%
ORCL	C	0.83%
DBX	D	0.82%
ADSK	C	0.82%
ZM	C	0.82%
U	D	0.82%
MANH	B	0.82%
JAMF	D	0.81%
EPAM	F	0.81%
ALKT	D	0.81%
ADBE	F	0.8%
NTNX	C	0.8%
APPN	D	0.8%
DT	C	0.79%
AGYS	D	0.79%
DOCU	C	0.79%
INTU	C	0.78%
PANW	D	0.78%
CRM	D	0.78%
SOUN	D	0.78%
WULF	D	0.78%
BLKB	C	0.77%
BL	D	0.77%
EA	D	0.76%
BILL	D	0.76%
ENV	C	0.75%
TEAM	D	0.74%
PATH	D	0.74%
SWI	B	0.73%
ASGN	D	0.73%
PWSC	C	0.73%
SPSC	D	0.73%
YEXT	C	0.73%
ROP	C	0.72%
HCP	B	0.72%
VERX	D	0.72%
NNBR	D	0.72%
PRFT	B	0.72%
RNG	F	0.71%
ATEN	C	0.7%
GDYN	C	0.7%
SEMR	D	0.7%
TENB	F	0.7%
PTC	D	0.7%
ANSS	D	0.7%
BRZE	F	0.69%
MSFT	C	0.69%
TTWO	C	0.69%
APPF	D	0.69%
BSY	D	0.69%
ASAN	F	0.68%
WK	D	0.68%
INST	D	0.68%
ETWO	C	0.68%
DV	F	0.67%
OSPN	B	0.67%
NCNO	D	0.66%
OLO	D	0.66%
DDOG	D	0.66%
ZS	F	0.65%
QLYS	F	0.65%
FRSH	F	0.65%
RPD	F	0.65%
DLB	D	0.64%
PCOR	F	0.64%
PLTK	C	0.64%
KD	D	0.64%
ZUO	F	0.64%
ALTR	C	0.63%
INFA	D	0.62%
CDNS	D	0.62%
CXM	F	0.62%
ALRM	F	0.62%
RAMP	F	0.62%
MSTR	D	0.62%
HUBS	D	0.6%
DMRC	F	0.6%
IBUY	B	0.6%
SNPS	D	0.59%
TDC	F	0.59%
PDFS	F	0.58%
MARA	F	0.58%
AI	F	0.56%
SPT	F	0.56%
MITK	F	0.54%
CFLT	F	0.5%
VRNT	F	0.5%
FIVN	F	0.48%
CRWD	D	0.48%
RIOT	F	0.48%
PRO	F	0.46%
ESTC	F	0.46%
CLSK	F	0.37%
HCKT	C	0.32%
EGHT	F	0.3%
AMSWA	C	0.29%

XSW Underweight 112 Positions Relative to XSLV

Symbol	Grade	Weight
CTRE	C	-1.18%
LTC	C	-1.14%
EPRT	B	-1.1%
EIG	C	-1.09%
FCPT	C	-1.07%
PECO	B	-1.07%
GTY	B	-1.03%
ENSG	B	-1.03%
INVA	B	-1.0%
TR	C	-0.99%
SAFT	D	-0.97%
SHO	C	-0.97%
MSGS	B	-0.96%
NMIH	B	-0.96%
FELE	C	-0.94%
NPK	D	-0.94%
AMSF	C	-0.94%
MCRI	C	-0.94%
EFC	B	-0.94%
AWR	B	-0.94%
SKT	B	-0.93%
ALEX	B	-0.93%
PBH	B	-0.92%
FUL	C	-0.91%
RHI	D	-0.91%
BFS	B	-0.91%
CHCO	B	-0.9%
BRC	C	-0.9%
BCPC	C	-0.89%
UE	B	-0.89%
APLE	D	-0.89%
NSIT	D	-0.89%
COOP	C	-0.88%
IOSP	D	-0.88%
HMN	D	-0.87%
LXP	B	-0.87%
CPK	B	-0.86%
UTL	C	-0.86%
RDN	C	-0.86%
AGO	C	-0.86%
AKR	B	-0.86%
SJW	C	-0.86%
PSMT	B	-0.85%
CASH	B	-0.84%
CWT	C	-0.84%
AVA	C	-0.84%
EPC	F	-0.83%
NWN	C	-0.82%
WSR	D	-0.82%
HUBG	C	-0.82%
ESE	B	-0.82%
DRH	C	-0.82%
PINC	C	-0.82%
PIPR	B	-0.81%
DFIN	B	-0.81%
SPTN	C	-0.81%
NAVI	C	-0.81%
SHOO	B	-0.81%
AHH	B	-0.81%
KFY	B	-0.81%
MOG.A	B	-0.8%
WERN	D	-0.8%
AWI	B	-0.8%
KELYA	D	-0.79%
ACA	B	-0.79%
OFG	C	-0.79%
MMSI	B	-0.79%
HTH	C	-0.79%
SXT	C	-0.79%
BSIG	B	-0.78%
UHT	B	-0.78%
PJT	B	-0.78%
CNXN	B	-0.78%
HSTM	C	-0.77%
APOG	B	-0.77%
AL	D	-0.77%
NWBI	C	-0.77%
MTX	D	-0.77%
TNC	F	-0.77%
VRRM	D	-0.77%
CPF	B	-0.77%
KMT	B	-0.76%
SNEX	B	-0.76%
NHC	D	-0.76%
WABC	D	-0.76%
MGY	C	-0.76%
MRTN	D	-0.76%
CSR	B	-0.76%
FBP	C	-0.76%
GTES	C	-0.75%
EPAC	B	-0.75%
ADUS	B	-0.75%
GNW	B	-0.75%
PLXS	A	-0.75%
MLI	A	-0.75%
FDP	C	-0.74%
RGR	D	-0.74%
NBHC	D	-0.74%
UNF	C	-0.74%
EVTC	D	-0.74%
SNDR	B	-0.73%
SMPL	D	-0.73%
JBSS	D	-0.73%
FHB	D	-0.73%
KAR	D	-0.73%
JJSF	C	-0.72%
EZPW	D	-0.7%
SPNT	C	-0.7%
NVEE	F	-0.7%
AIN	D	-0.7%
FSS	D	-0.69%
USPH	F	-0.66%