DBEM vs. PXH ETF Comparison

Comparison of db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM) to PowerShares FTSE RAFI Emerging Markets Portfolio (PXH)

DBEM

db-X trackers MSCI Emerging Markets Hedged Equity Fund

DBEM Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Index (the "underlying index"). The fund will normally invest at least 80% of its net assets in the equity securities of issuers from emerging markets countries and in instruments designed to hedge against the fund's exposure to non-U.S. currencies. The index is designed to provide exposure to equity securities in the global emerging markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected emerging market currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.39

Average Daily Volume

9,288

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PXH

PowerShares FTSE RAFI Emerging Markets Portfolio

PXH Description

The PowerShares FTSE RAFI Emerging Markets Portfolio (Fund) is based on the FTSE RAFI Emerging Markets Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest Emerging Market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$20.70

Average Daily Volume

152,985

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBEM	PXH
30 Days	-3.59%	-4.63%
60 Days	0.72%	1.81%
90 Days	0.76%	1.37%
12 Months	14.62%	18.21%

23 Overlapping Holdings

Symbol	Grade	Weight in DBEM	Weight in PXH	Overlap
ABEV	F	0.11%	0.21%	0.11%
ASAI	F	0.09%	0.07%	0.07%
BABA	D	2.06%	4.6%	2.06%
BCH	C	0.07%	0.08%	0.07%
BEKE	D	0.16%	0.17%	0.16%
BIDU	F	0.29%	0.55%	0.29%
BRFS	C	0.03%	0.15%	0.03%
CHT	C	0.17%	0.21%	0.17%
CSAN	F	0.03%	0.05%	0.03%
ERJ	A	0.08%	0.14%	0.08%
GGB	C	0.06%	0.26%	0.06%
HDB	C	1.03%	0.86%	0.86%
IBN	C	0.94%	0.19%	0.19%
PDD	F	0.96%	0.14%	0.14%
QFIN	A	0.04%	0.16%	0.04%
SBSW	D	0.04%	0.27%	0.04%
TCOM	B	0.4%	0.36%	0.36%
TME	D	0.11%	0.07%	0.07%
UMC	F	0.19%	0.43%	0.19%
VALE	F	0.4%	1.89%	0.4%
VIPS	F	0.06%	0.15%	0.06%
WIT	B	0.11%	0.09%	0.09%
YUMC	C	0.23%	0.28%	0.23%

DBEM Overweight 23 Positions Relative to PXH

Symbol	Grade	Weight
NU	C	0.5%
KB	B	0.3%
SHG	C	0.2%
LI	F	0.17%
BAP	A	0.15%
BGNE	D	0.13%
SCCO	F	0.11%
XPEV	C	0.1%
NIO	F	0.08%
HTHT	D	0.08%
XP	F	0.07%
TAL	F	0.06%
KEP	B	0.05%
BILI	D	0.05%
BZ	F	0.04%
SKM	C	0.03%
BVN	D	0.03%
ATHM	C	0.03%
STNE	F	0.03%
LEGN	D	0.03%
PAGS	F	0.02%
LPL	D	0.02%
IQ	F	0.01%

DBEM Underweight 3 Positions Relative to PXH

Symbol	Grade	Weight
DQ	F	-0.1%
JKS	F	-0.08%
CSIQ	F	-0.05%