BPAY vs. KBWB ETF Comparison

Comparison of BlackRock Future Financial and Technology ETF (BPAY) to PowerShares KBW Bank Portfolio ETF (KBWB)

BPAY

BlackRock Future Financial and Technology ETF

BPAY Description

The BlackRock Future Financial Technology ETF seeks to maximize total return by investing in the companies delivering innovative and emerging technologies used in the financial services industry.

Grade (RS Rating)

Last Trade

$27.18

Average Daily Volume

203

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

$70.61

Average Daily Volume

995,867

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	BPAY	KBWB
30 Days	7.26%	13.27%
60 Days	8.83%	20.78%
90 Days	10.04%	21.74%
12 Months	33.56%	71.96%

1 Overlapping Holdings

	Symbol	Grade	Weight in BPAY	Weight in KBWB	Overlap
	COF	B	6.07%	4.29%	4.29%

BPAY Overweight 21 Positions Relative to KBWB

Symbol	Grade	Weight
DFS	B	6.11%
SYF	B	6.05%
SCHW	B	5.15%
GPN	B	5.0%
PYPL	B	4.92%
FI	A	4.5%
WEX	D	3.25%
SQ	B	2.98%
FOUR	B	2.87%
AXP	A	2.62%
RPAY	D	2.53%
FIS	C	2.49%
PAYO	A	2.49%
AX	A	2.32%
NU	C	2.24%
LOB	B	1.6%
CCB	A	1.45%
MA	C	1.15%
HCI	C	1.15%
V	A	1.14%
BLND	B	1.02%

BPAY Underweight 23 Positions Relative to KBWB

Symbol	Grade	Weight
MS	A	-8.9%
WFC	A	-8.73%
GS	A	-7.94%
BAC	A	-7.9%
JPM	A	-7.51%
MTB	A	-4.3%
BK	A	-3.97%
PNC	B	-3.85%
C	A	-3.8%
STT	A	-3.8%
FITB	A	-3.78%
HBAN	A	-3.78%
USB	A	-3.69%
TFC	A	-3.63%
RF	A	-3.52%
NTRS	A	-3.21%
CFG	B	-3.05%
KEY	B	-2.65%
EWBC	A	-2.1%
FHN	A	-1.59%
WAL	B	-1.44%
CMA	A	-1.32%
ZION	B	-1.28%