SMLV vs. FOVL ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to iShares Focused Value Factor ETF (FOVL)

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$112.71

Average Daily Volume

4,458

Number of Holdings ^*

411

* may have additional holdings in another (foreign) market

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$62.04

Average Daily Volume

14,253

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	FOVL
30 Days	8.40%	6.03%
60 Days	5.16%	3.70%
90 Days	3.44%	6.03%
12 Months	15.49%	28.37%

2 Overlapping Holdings

	Symbol	Grade	Weight in SMLV	Weight in FOVL	Overlap
	CUZ	B	0.09%	2.3%	0.09%
	SNDR	D	0.11%	1.73%	0.11%

SMLV Overweight 409 Positions Relative to FOVL

Symbol	Grade	Weight
NNI	B	1.66%
THG	A	1.63%
PJT	C	1.43%
CBU	C	1.37%
ONB	B	1.35%
ESGR	B	1.25%
PRK	B	1.23%
HMN	D	1.23%
CHCO	C	1.22%
NBTB	C	1.22%
VIRT	B	1.17%
MGRC	F	1.13%
IBOC	B	1.09%
WU	D	1.07%
FFIN	C	1.06%
NWBI	C	1.06%
GCMG	B	1.02%
BUSE	C	1.01%
TOWN	C	1.0%
WABC	C	0.99%
NBHC	C	0.99%
CNO	A	0.97%
TRMK	B	0.96%
FULT	B	0.95%
SAFT	C	0.91%
BLX	B	0.9%
FCF	C	0.9%
RDN	C	0.9%
HOMB	B	0.9%
AGM	D	0.89%
EFSC	C	0.87%
WAFD	C	0.87%
SYBT	C	0.85%
EVTC	F	0.84%
EIG	D	0.84%
WSBC	C	0.84%
NIC	B	0.83%
GBCI	C	0.82%
LKFN	C	0.82%
STBA	C	0.81%
PEBO	C	0.79%
PAX	F	0.77%
CVII	B	0.76%
SASR	C	0.76%
EQC	C	0.74%
SFNC	D	0.74%
QCRH	B	0.74%
OBK	C	0.73%
SRCE	C	0.72%
AMSF	F	0.71%
GABC	C	0.71%
SBSI	D	0.63%
LBAI	C	0.62%
BRKL	F	0.6%
CTBI	B	0.6%
BFC	C	0.57%
FBMS	D	0.56%
FMBH	C	0.53%
HFWA	C	0.52%
NFG	B	0.52%
UVSP	B	0.51%
TRIN	B	0.51%
BHRB	F	0.5%
TMP	D	0.49%
CFFN	F	0.49%
FCBC	C	0.44%
TRST	C	0.41%
CATC	B	0.39%
GSBC	C	0.38%
FLO	B	0.36%
SLAM	A	0.35%
FMNB	D	0.35%
MCBS	A	0.35%
CAC	C	0.35%
THFF	C	0.34%
HONE	C	0.33%
DHIL	D	0.33%
CCNE	C	0.32%
HTBI	C	0.31%
BHB	C	0.31%
AROW	C	0.31%
ALRS	F	0.3%
MCBC	B	0.3%
EBF	C	0.28%
CCBG	D	0.28%
NFBK	D	0.28%
ESQ	C	0.27%
GLRE	A	0.26%
KRNY	D	0.26%
NWE	C	0.25%
SMBK	C	0.25%
ARTNA	C	0.25%
SPFI	C	0.25%
IDA	B	0.25%
MPB	C	0.24%
SBR	C	0.23%
PNM	D	0.23%
FMAO	C	0.22%
FBIZ	C	0.22%
AIRC	A	0.22%
BSRR	B	0.22%
NPK	C	0.22%
BKH	C	0.22%
HIFS	C	0.22%
SLGN	B	0.21%
PECO	F	0.21%
HBCP	C	0.21%
NWN	C	0.21%
ORRF	C	0.21%
PFIS	D	0.21%
CZNC	D	0.21%
SR	C	0.21%
CPK	C	0.21%
MGEE	B	0.21%
ACNB	F	0.21%
GNTY	C	0.2%
WTBA	C	0.2%
EBTC	D	0.19%
AGX	B	0.19%
BWB	C	0.19%
FSBC	C	0.19%
DEA	C	0.18%
GTY	C	0.18%
GPOR	D	0.18%
VLGEA	A	0.18%
TRC	B	0.18%
SXT	B	0.18%
NHC	B	0.18%
PSTL	C	0.18%
FLIC	D	0.17%
FNLC	C	0.17%
FRST	D	0.17%
ICFI	D	0.16%
WSBF	C	0.16%
TRS	B	0.16%
FSBW	C	0.16%
HTLD	D	0.15%
CSR	C	0.15%
NTST	C	0.15%
PBH	D	0.15%
WERN	D	0.15%
UTMD	D	0.15%
AFCG	C	0.15%
FELE	D	0.15%
SCL	C	0.15%
CTO	A	0.15%
BMI	B	0.14%
BRC	C	0.14%
CBZ	B	0.14%
SMP	F	0.14%
LTC	B	0.14%
CHCT	F	0.14%
CSWI	C	0.14%
COLM	B	0.14%
HSTM	C	0.14%
LXP	D	0.14%
EXPO	C	0.14%
CBNK	C	0.14%
JJSF	C	0.14%
PKE	F	0.14%
BCAL	F	0.13%
GENC	A	0.13%
RGP	F	0.13%
HCC	C	0.13%
MRTN	D	0.13%
ACA	C	0.13%
ASH	B	0.13%
GATX	B	0.13%
UNF	D	0.13%
GEF	D	0.13%
JBSS	D	0.13%
BNL	C	0.13%
CALM	D	0.12%
PLXS	B	0.12%
NHI	B	0.12%
FSS	B	0.12%
WEN	D	0.12%
GOOD	A	0.12%
FCPT	C	0.12%
TGNA	C	0.12%
PINC	F	0.12%
GHC	B	0.11%
CVLT	B	0.11%
SXC	D	0.11%
GRC	F	0.11%
ESE	C	0.11%
MLR	B	0.11%
HNI	B	0.11%
NTCT	D	0.11%
BHE	B	0.11%
KREF	D	0.11%
HUBG	C	0.11%
AROC	B	0.11%
LNN	D	0.11%
UFPT	B	0.11%
CTRE	C	0.11%
NOMD	D	0.11%
VAL	B	0.11%
CASS	D	0.11%
CSGS	F	0.11%
UHT	D	0.11%
OSIS	C	0.11%
VMI	C	0.11%
WINA	D	0.1%
CRC	F	0.1%
ROAD	C	0.1%
CMPO	D	0.1%
PBT	D	0.1%
AHH	C	0.1%
PCH	D	0.1%
BFS	C	0.1%
BLKB	C	0.1%
MWA	B	0.1%
KW	D	0.1%
WDFC	D	0.1%
IOSP	B	0.1%
ALG	D	0.1%
ARKO	D	0.1%
HCKT	F	0.1%
MSGS	C	0.1%
PRGS	D	0.1%
TNC	D	0.1%
HIW	C	0.1%
VPG	F	0.09%
LOPE	C	0.09%
APLE	F	0.09%
SXI	D	0.09%
HWKN	B	0.09%
PRDO	C	0.09%
PSMT	B	0.09%
AVT	B	0.09%
FTDR	C	0.09%
NCNO	D	0.09%
ADUS	B	0.09%
DNB	C	0.09%
JBGS	F	0.09%
RUSHA	D	0.09%
RGR	F	0.09%
KFRC	D	0.09%
CCOI	F	0.09%
FPI	C	0.09%
SFL	B	0.09%
LMAT	B	0.09%
MOG.A	B	0.09%
DEI	C	0.09%
MGIC	D	0.09%
INVA	C	0.09%
DRQ	F	0.09%
TRNS	A	0.09%
GMRE	D	0.09%
MTX	A	0.09%
PRGO	F	0.09%
IRT	C	0.09%
DORM	C	0.09%
MYRG	D	0.08%
ABM	C	0.08%
PRIM	B	0.08%
HUN	D	0.08%
EPAC	C	0.08%
LAUR	B	0.08%
KAI	D	0.08%
MEI	D	0.08%
CRI	F	0.08%
FORR	F	0.08%
ACIW	B	0.08%
RDWR	B	0.08%
ECVT	F	0.08%
ENS	C	0.08%
CENT	C	0.08%
HSII	A	0.08%
CMCO	B	0.08%
LILAK	C	0.08%
PAHC	B	0.08%
VSH	C	0.08%
AZZ	C	0.08%
CTS	B	0.08%
CNNE	C	0.08%
GPRK	C	0.08%
STRA	C	0.08%
CACC	F	0.08%
APOG	B	0.08%
RNGR	F	0.08%
SRCL	F	0.08%
PLOW	D	0.08%
DK	D	0.08%
MLAB	C	0.07%
SQSP	A	0.07%
AIN	C	0.07%
ATEN	A	0.07%
ICUI	D	0.07%
HURN	F	0.07%
LIVN	B	0.07%
AMSWA	F	0.07%
NRC	F	0.07%
PDCO	F	0.07%
SHOO	C	0.07%
ATNI	F	0.07%
MATW	D	0.07%
JBT	F	0.07%
JBI	D	0.07%
ITRN	C	0.07%
NATR	F	0.07%
SPNS	B	0.07%
WEYS	C	0.07%
SANM	C	0.07%
TTMI	B	0.07%
SUPN	D	0.07%
ITGR	C	0.07%
SPOK	D	0.07%
HAE	C	0.07%
AMN	F	0.07%
FSTR	C	0.07%
FUL	B	0.07%
PLUS	B	0.07%
ENV	B	0.07%
MODN	C	0.07%
LZB	C	0.07%
RLGT	D	0.07%
CABO	F	0.07%
ARCH	D	0.07%
KN	B	0.07%
BBSI	B	0.07%
HOLI	D	0.07%
AAP	D	0.06%
USPH	C	0.06%
SPB	B	0.06%
NVST	F	0.06%
IPGP	D	0.06%
GPI	B	0.06%
AMED	B	0.06%
OXM	C	0.06%
SCSC	A	0.06%
VECO	B	0.06%
HELE	D	0.06%
VRNT	C	0.06%
VIAV	F	0.06%
HI	D	0.06%
PZZA	F	0.06%
MMSI	B	0.06%
ETD	D	0.06%
SEM	B	0.06%
WK	D	0.06%
SCHL	F	0.06%
NVEC	F	0.06%
XNCR	C	0.06%
ASGN	C	0.06%
BL	D	0.06%
GLDD	B	0.06%
TPH	B	0.06%
KIDS	C	0.06%
POWI	C	0.06%
IRWD	F	0.06%
CVCO	D	0.06%
BOX	D	0.06%
MNRO	F	0.06%
OMCL	D	0.06%
SATS	C	0.06%
PCRX	C	0.06%
ZD	F	0.06%
JOUT	F	0.06%
IRDM	D	0.06%
FORM	C	0.06%
CNXC	D	0.06%
AVNS	C	0.06%
MRCY	D	0.06%
LEG	F	0.05%
CBRL	F	0.05%
RDNT	B	0.05%
GKOS	B	0.05%
BOWL	F	0.05%
OGN	B	0.05%
HLF	D	0.05%
SHEN	D	0.05%
VREX	F	0.05%
CNMD	D	0.05%
CEVA	F	0.05%
ALKS	F	0.05%
AMPH	D	0.05%
ALRM	D	0.05%
IBEX	D	0.05%
OFIX	C	0.05%
ADMA	B	0.05%
ANIP	D	0.05%
TTGT	D	0.05%
CSV	C	0.05%
MTRN	F	0.05%
ARCO	F	0.05%
ATEX	D	0.05%
THRM	F	0.05%
IART	F	0.05%
ANIK	D	0.05%
AEIS	C	0.05%
IRMD	D	0.05%
USNA	D	0.05%
NEOG	F	0.04%
INSM	F	0.04%
IMTX	D	0.04%
CORT	C	0.04%
TBPH	C	0.04%
HRMY	F	0.04%
PTCT	C	0.04%
SRDX	C	0.04%
ZIP	F	0.04%
NARI	D	0.04%
AGIO	B	0.04%
ACAD	F	0.03%
ATRC	F	0.03%
AZTA	F	0.03%
RARE	D	0.03%

SMLV Underweight 38 Positions Relative to FOVL

Symbol	Grade	Weight
TOL	B	-3.53%
PNFP	C	-3.25%
IBKR	B	-3.16%
SF	B	-3.07%
FYBR	B	-3.06%
JPM	B	-3.0%
WTM	D	-2.97%
WLK	C	-2.91%
SNV	B	-2.89%
COF	D	-2.88%
AXS	B	-2.88%
BLDR	D	-2.75%
ORI	A	-2.73%
FHB	C	-2.71%
WBS	D	-2.69%
FNB	B	-2.69%
JHG	B	-2.68%
CNA	B	-2.56%
LPX	B	-2.56%
KMI	A	-2.44%
LYB	D	-2.44%
PFG	B	-2.43%
UNM	B	-2.39%
T	B	-2.38%
NUE	D	-2.35%
DFS	C	-2.34%
AMG	D	-2.31%
CLF	F	-2.3%
STT	B	-2.3%
HPE	C	-2.24%
THO	F	-2.23%
AN	C	-2.22%
AGR	A	-2.16%
PNW	C	-2.09%
Z	F	-1.89%
ALK	C	-1.82%
LSXMK	F	-1.69%
LLYVK	D	-0.68%