CWS vs. IAK ETF Comparison

Comparison of AdvisorShares Focused Equity ETF (CWS) to iShares U.S. Insurance ETF (IAK)

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$64.00

Average Daily Volume

10,728

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$115.92

Average Daily Volume

86,129

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	CWS	IAK
30 Days	6.76%	2.68%
60 Days	1.52%	0.47%
90 Days	5.55%	6.06%
12 Months	26.09%	35.25%

1 Overlapping Holdings

	Symbol	Grade	Weight in CWS	Weight in IAK	Overlap
	AFL	B	3.99%	4.64%	3.99%

CWS Overweight 22 Positions Relative to IAK

Symbol	Grade	Weight
MLR	B	5.25%
APH	B	4.88%
HEI	B	4.36%
FICO	A	4.32%
TMO	B	4.15%
HSY	C	4.12%
SYK	D	4.09%
OTIS	C	4.0%
SAIC	C	4.0%
ICE	B	3.99%
ROL	B	3.98%
MCO	A	3.88%
INTU	A	3.87%
SLGN	C	3.79%
AWK	C	3.77%
CE	D	3.76%
BR	C	3.67%
ABT	F	3.53%
FDS	C	3.49%
AGM	D	3.49%
PII	F	3.36%
MGRC	D	3.35%

CWS Underweight 53 Positions Relative to IAK

Symbol	Grade	Weight
PGR	D	-14.64%
CB	B	-12.97%
AIG	C	-6.68%
TRV	D	-6.06%
MET	B	-5.32%
PRU	B	-4.78%
ALL	D	-4.72%
ACGL	B	-4.67%
HIG	B	-3.88%
MKL	B	-2.77%
CINF	D	-2.37%
PFG	C	-2.35%
WRB	D	-2.04%
L	D	-1.8%
FNF	B	-1.71%
ERIE	C	-1.27%
UNM	C	-1.18%
AIZ	D	-1.16%
AFG	B	-1.12%
KNSL	F	-1.09%
ORI	B	-1.07%
PRI	D	-1.01%
GL	F	-0.93%
FAF	D	-0.77%
RLI	B	-0.77%
SIGI	F	-0.77%
AXS	B	-0.71%
THG	A	-0.64%
WTM	D	-0.57%
AGO	D	-0.55%
LNC	C	-0.52%
KMPR	C	-0.48%
OSCR	C	-0.42%
CNO	B	-0.41%
BHF	F	-0.39%
PLMR	C	-0.28%
GNW	C	-0.24%
STC	B	-0.22%
MCY	A	-0.21%
SKWD	D	-0.18%
CNA	B	-0.17%
HMN	D	-0.17%
TRUP	C	-0.16%
LMND	C	-0.15%
NWLI	C	-0.15%
AMSF	F	-0.13%
AMBC	C	-0.12%
SAFT	D	-0.11%
PRA	D	-0.1%
EIG	D	-0.09%
UFCS	C	-0.08%
MBI	D	-0.05%
JRVR	F	-0.05%