KBE vs. KBWB ETF Comparison

Comparison of SPDR S&P Bank ETF (KBE) to PowerShares KBW Bank Portfolio ETF (KBWB)

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks 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 banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$47.68

Average Daily Volume

2,135,587

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$55.17

Average Daily Volume

669,968

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBE	KBWB
30 Days	8.79%	8.91%
60 Days	7.64%	9.08%
90 Days	9.86%	14.84%
12 Months	47.91%	47.98%

20 Overlapping Holdings

Symbol	Grade	Weight in KBE	Weight in KBWB	Overlap
BAC	A	1.47%	8.07%	1.47%
BK	A	1.44%	3.79%	1.44%
C	A	1.51%	4.18%	1.51%
CFG	A	1.43%	3.11%	1.43%
CMA	B	1.38%	1.35%	1.35%
EWBC	B	1.38%	2.05%	1.38%
FHN	A	1.45%	1.67%	1.45%
FITB	B	1.45%	4.14%	1.45%
HBAN	A	1.42%	3.84%	1.42%
JPM	A	1.43%	7.77%	1.43%
KEY	B	1.38%	2.65%	1.38%
MTB	A	1.46%	4.0%	1.46%
NTRS	B	1.45%	3.31%	1.45%
PNC	A	1.43%	3.94%	1.43%
RF	B	1.37%	3.42%	1.37%
TFC	A	1.43%	4.16%	1.43%
USB	D	1.31%	3.67%	1.31%
WAL	B	1.44%	1.31%	1.31%
WFC	A	1.47%	8.14%	1.47%
ZION	B	1.43%	1.23%	1.23%

KBE Overweight 71 Positions Relative to KBWB

Symbol	Grade	Weight
JXN	B	1.82%
CRBG	B	1.69%
AX	A	1.61%
EQH	B	1.61%
FCNCA	B	1.53%
COOP	B	1.48%
RDN	B	1.47%
MTG	B	1.47%
OZK	B	1.47%
VOYA	B	1.46%
BPOP	A	1.45%
ASB	A	1.45%
NYCB	D	1.44%
CADE	B	1.44%
COLB	C	1.41%
ONB	A	1.41%
WTFC	B	1.41%
APO	D	1.41%
BANC	D	1.38%
PB	B	1.38%
SNV	A	1.37%
PNFP	B	1.36%
CFR	D	1.35%
BKU	C	1.35%
VLY	C	1.33%
SSB	C	1.32%
TCBI	B	1.3%
WBS	D	1.29%
CBSH	A	1.25%
ESNT	B	1.24%
GBCI	C	1.18%
FNB	A	1.17%
HOMB	B	1.16%
WD	C	1.05%
HWC	B	1.05%
UBSI	C	1.01%
PFSI	B	1.01%
BOH	C	0.98%
FBP	A	0.96%
ABCB	B	0.94%
FIBK	C	0.91%
FULT	B	0.85%
UMBF	B	0.79%
UCBI	C	0.79%
TBBK	D	0.78%
NMIH	B	0.75%
CVBF	C	0.74%
FHB	B	0.73%
INDB	C	0.66%
FFIN	B	0.66%
CBU	C	0.65%
BOKF	A	0.64%
WSFS	B	0.63%
PPBI	C	0.59%
IBOC	A	0.57%
SFBS	B	0.53%
EBC	B	0.5%
SBCF	C	0.5%
CATY	C	0.49%
HTH	B	0.48%
AUB	C	0.47%
WAFD	C	0.44%
IBTX	F	0.44%
SFNC	D	0.41%
BANR	C	0.41%
TRMK	B	0.39%
FRME	B	0.39%
FFBC	B	0.38%
RNST	C	0.33%
LKFN	C	0.3%
WSBC	C	0.25%

KBE Underweight 4 Positions Relative to KBWB

Symbol	Grade	Weight
GS	A	-8.49%
MS	A	-8.22%
COF	B	-3.83%
STT	B	-3.77%