DWAS vs. USVM ETF Comparison

Comparison of PowerShares DWA SmallCap Technical Leaders Portfolio (DWAS) to VictoryShares USAA MSCI USA Small Cap Value Momentum ETF (USVM)

DWAS

PowerShares DWA SmallCap Technical Leaders Portfolio

DWAS Description

The PowerShares DWA SmallCap Momentum Portfolio (the Fund) seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Dorsey Wright SmallCap Technical Leaders™ Index (the Underlying Index). The Fund generally will invest at least 90% of its total assets in equity securities of small capitalization companies that comprise the Underlying Index. The Index includes securities pursuant to a Dorsey, Wright & Associates, LLC (Dorsey Wright or the Index Provider) proprietary selection methodology that is designed to identify companies that demonstrate powerful relative strength characteristics. The Index Provider determines a company’s relative strength characteristics based on that company’s market performance. The Index Provider selects approximately 200 companies for inclusion in the Underlying Index from a small-cap universe of approximately 2,000 of the smallest U.S. companies selected from a broader set of 3,000 companies. The Fund and the Index are rebalanced and reconstituted quarterly. Effective on or about Oct. 4, 2013, the name of the Fund changed from PowerShares DWA SmallCap Technical Leaders to PowerShares DWA SmallCap Momentum Portfolio.

Grade (RS Rating)

Last Trade

$88.22

Average Daily Volume

45,684

Number of Holdings ^*

182

* may have additional holdings in another (foreign) market

USVM

VictoryShares USAA MSCI USA Small Cap Value Momentum ETF

USVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Small Cap Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of small-capitalization U.S. issuers within the MSCI USA Small Cap Index (the parent index) that have higher exposure to value and momentum factors while also maintaining moderate index turnover and lower realized volatility than traditional capitalization weighted indexes.

Grade (RS Rating)

Last Trade

$79.66

Average Daily Volume

6,422

Number of Holdings ^*

281

* may have additional holdings in another (foreign) market

Performance

Period	DWAS	USVM
30 Days	6.87%	6.89%
60 Days	1.36%	4.68%
90 Days	-0.84%	7.03%
12 Months	20.75%	27.80%

56 Overlapping Holdings

Symbol	Grade	Weight in DWAS	Weight in USVM	Overlap
AGM	D	0.36%	0.43%	0.36%
AGO	D	0.35%	0.4%	0.35%
ALPN	A	1.17%	0.25%	0.25%
ALSN	D	0.37%	0.37%	0.37%
ANDE	F	0.35%	0.32%	0.32%
ANF	A	1.1%	0.25%	0.25%
APPF	C	0.41%	0.23%	0.23%
ARCB	F	0.45%	0.2%	0.2%
AROC	B	0.49%	0.38%	0.38%
BCC	D	0.5%	0.33%	0.33%
BECN	C	0.41%	0.43%	0.41%
BGC	B	0.42%	0.36%	0.36%
BZH	F	0.36%	0.17%	0.17%
CACC	F	0.39%	0.38%	0.38%
COLL	D	0.37%	0.28%	0.28%
COOP	B	1.2%	0.49%	0.49%
CRVL	A	0.38%	0.4%	0.38%
CSWI	C	0.52%	0.46%	0.46%
CUBI	D	0.35%	0.21%	0.21%
DFH	F	0.33%	0.13%	0.13%
DFIN	B	1.18%	0.4%	0.4%
ESAB	C	0.39%	0.42%	0.39%
FSS	B	0.46%	0.47%	0.46%
GES	C	0.4%	0.27%	0.27%
GFF	D	0.41%	0.32%	0.32%
GKOS	B	0.46%	0.27%	0.27%
GMS	D	0.52%	0.41%	0.41%
GPOR	C	0.37%	0.35%	0.35%
GRBK	C	0.64%	0.26%	0.26%
IDYA	D	0.44%	0.23%	0.23%
IRON	F	0.22%	0.1%	0.1%
JXN	B	0.44%	0.43%	0.43%
LPX	B	0.42%	0.36%	0.36%
MATX	C	0.4%	0.39%	0.39%
MHO	C	0.37%	0.28%	0.28%
MLI	C	0.43%	0.44%	0.43%
MOD	C	1.81%	0.26%	0.26%
MOG.A	C	0.42%	0.41%	0.41%
NUVL	D	1.16%	0.14%	0.14%
PLAB	C	0.4%	0.22%	0.22%
POWL	C	1.1%	0.12%	0.12%
RDNT	B	0.42%	0.42%	0.42%
ROAD	C	0.38%	0.33%	0.33%
RUSHA	D	0.36%	0.36%	0.36%
RXST	C	0.82%	0.21%	0.21%
RYI	F	0.41%	0.18%	0.18%
SFM	A	0.47%	0.47%	0.47%
SKT	D	0.41%	0.41%	0.41%
SKYW	C	0.47%	0.34%	0.34%
SLVM	B	0.43%	0.26%	0.26%
STRL	C	1.62%	0.25%	0.25%
UFPT	B	1.03%	0.31%	0.31%
VECO	B	0.43%	0.33%	0.33%
VERA	D	0.99%	0.12%	0.12%
VRNS	D	0.35%	0.27%	0.27%
WIRE	C	0.55%	0.39%	0.39%

DWAS Overweight 126 Positions Relative to USVM

Symbol	Grade	Weight
TDW	C	1.72%
LFMD	D	1.42%
TRNS	A	1.34%
LMB	C	1.14%
IMNM	F	0.98%
KAI	D	0.95%
ADMA	B	0.91%
RRR	D	0.84%
HRI	D	0.72%
IESC	C	0.68%
CBZ	B	0.67%
PLAY	D	0.67%
ASPN	B	0.65%
SERA	D	0.65%
HRTG	D	0.64%
ATI	C	0.6%
ALG	D	0.58%
USAP	B	0.57%
BYRN	D	0.57%
GTX	D	0.56%
CVNA	C	0.54%
VCTR	B	0.52%
EVER	C	0.52%
TPC	C	0.52%
BMI	B	0.51%
TREE	C	0.48%
AVAV	B	0.47%
MYRG	D	0.47%
GHM	C	0.46%
AMRX	B	0.46%
USLM	C	0.46%
RNA	B	0.46%
MACK	C	0.45%
KRYS	D	0.45%
ZEUS	F	0.45%
SMHI	D	0.45%
KD	B	0.45%
ARQT	D	0.44%
CRAI	B	0.44%
ARLO	D	0.44%
GVA	B	0.43%
UTI	D	0.43%
KTB	A	0.43%
MBIN	C	0.43%
VSEC	D	0.42%
TRAK	B	0.42%
CRNX	B	0.42%
CLSK	D	0.42%
OFG	C	0.42%
HWKN	B	0.41%
AMSC	C	0.41%
FRPT	B	0.41%
BKD	C	0.41%
NRIX	C	0.41%
PIPR	A	0.41%
NBN	B	0.41%
HCI	D	0.4%
CMPR	D	0.4%
DXPE	D	0.4%
ORIC	F	0.4%
INBK	C	0.4%
ESQ	C	0.4%
SPRY	D	0.4%
CDLX	F	0.39%
ENVA	C	0.39%
MAX	D	0.39%
SILK	C	0.39%
LBRT	A	0.39%
SKY	C	0.39%
MRUS	D	0.39%
EVH	F	0.39%
CHX	D	0.39%
ORN	C	0.38%
BSIG	B	0.38%
GOLF	C	0.38%
ICFI	C	0.38%
SGBX	D	0.38%
NR	B	0.37%
SPNT	B	0.37%
EZPW	D	0.37%
FELE	D	0.37%
CELC	D	0.37%
VERX	C	0.37%
DYN	C	0.36%
KRUS	D	0.36%
SUM	D	0.36%
ASO	F	0.36%
SXC	D	0.36%
PACK	D	0.36%
ANIP	D	0.36%
SXI	C	0.36%
BLZE	F	0.36%
IBP	D	0.36%
KYMR	D	0.36%
ACMR	D	0.35%
RYAN	B	0.35%
ACVA	C	0.35%
VVV	D	0.35%
FOR	D	0.35%
NPO	D	0.35%
KURA	C	0.35%
KROS	D	0.34%
LQDA	D	0.34%
MTRX	D	0.34%
SMID	D	0.33%
ARHS	C	0.33%
MDXG	C	0.33%
SOUN	F	0.32%
KOP	F	0.32%
PAY	D	0.32%
CDRE	F	0.32%
ANNX	F	0.31%
QUIK	F	0.31%
MTRN	D	0.31%
LSEA	F	0.3%
PCT	F	0.3%
FULC	F	0.3%
BWMN	D	0.3%
HEES	F	0.3%
PARR	F	0.29%
APLT	F	0.28%
KOD	F	0.27%
OCUL	D	0.26%
AQST	F	0.23%
FATE	F	0.2%
LYRA	F	0.02%

DWAS Underweight 225 Positions Relative to USVM

Symbol	Grade	Weight
GBDC	C	-0.81%
NRG	B	-0.73%
EHC	C	-0.67%
CACI	B	-0.66%
RGA	A	-0.66%
SNX	A	-0.62%
ORI	A	-0.61%
MTG	C	-0.6%
ESNT	C	-0.58%
PNW	B	-0.57%
RDN	C	-0.55%
ALE	B	-0.54%
NMIH	A	-0.54%
EPR	C	-0.54%
GHC	B	-0.54%
NSIT	B	-0.53%
JEF	A	-0.53%
CVLT	B	-0.52%
INVA	C	-0.52%
MUSA	B	-0.52%
UTHR	A	-0.52%
AVT	B	-0.52%
AL	C	-0.52%
FFIV	D	-0.52%
UNM	B	-0.51%
CNM	B	-0.51%
CLH	B	-0.51%
TAP	F	-0.51%
UHS	B	-0.5%
IP	B	-0.5%
CNO	A	-0.5%
ARW	C	-0.5%
PRI	D	-0.5%
SPB	C	-0.5%
EME	B	-0.49%
CHRD	C	-0.49%
TGNA	C	-0.49%
SBRA	B	-0.48%
TW	B	-0.48%
GEF	F	-0.48%
R	B	-0.48%
UVV	C	-0.48%
ESGR	B	-0.48%
PBH	D	-0.48%
ENSG	D	-0.47%
HRB	B	-0.47%
HSIC	C	-0.47%
CNX	B	-0.46%
APG	D	-0.45%
CHE	F	-0.45%
AKR	B	-0.44%
CHK	B	-0.44%
EXP	D	-0.44%
VSH	C	-0.44%
PRIM	B	-0.44%
NEU	D	-0.43%
UE	C	-0.43%
AIZ	D	-0.43%
BRBR	D	-0.43%
PSN	D	-0.43%
SAIC	C	-0.43%
LEVI	C	-0.42%
DLB	C	-0.42%
BPOP	B	-0.41%
AYI	C	-0.41%
LRN	C	-0.41%
SEM	B	-0.41%
IDCC	C	-0.41%
VNT	D	-0.41%
THC	B	-0.4%
HNI	B	-0.4%
COKE	C	-0.4%
NAVI	F	-0.39%
OMF	C	-0.39%
SKX	B	-0.39%
WSM	C	-0.39%
PINC	F	-0.39%
SNDR	D	-0.38%
INSW	B	-0.38%
GPI	B	-0.38%
PAG	C	-0.38%
BERY	D	-0.38%
CMC	B	-0.38%
CWEN	C	-0.37%
GNW	B	-0.37%
RLJ	F	-0.37%
DINO	D	-0.37%
PRGO	F	-0.37%
EXEL	F	-0.37%
TTMI	B	-0.37%
WING	C	-0.36%
ITGR	C	-0.36%
ASB	C	-0.36%
CIVI	C	-0.36%
CALM	D	-0.36%
UFPI	C	-0.36%
STC	B	-0.36%
PR	D	-0.35%
ATGE	B	-0.35%
GWRE	B	-0.35%
TOL	B	-0.35%
CXW	D	-0.35%
ABG	C	-0.34%
PATK	D	-0.34%
SKWD	C	-0.34%
PFSI	B	-0.34%
AN	C	-0.34%
ENOV	F	-0.33%
CRC	F	-0.33%
IVZ	C	-0.33%
FIX	C	-0.33%
MHK	C	-0.33%
IIPR	B	-0.33%
TMHC	B	-0.33%
TPH	B	-0.33%
GEO	D	-0.33%
SM	D	-0.33%
HQY	D	-0.32%
FORM	B	-0.32%
YELP	F	-0.32%
WGO	F	-0.32%
BHF	F	-0.32%
BIO	F	-0.32%
KNX	F	-0.32%
MTH	B	-0.32%
KBH	B	-0.32%
ZD	F	-0.31%
IAC	C	-0.31%
ALLY	B	-0.31%
ARI	D	-0.31%
HCC	C	-0.31%
DVA	B	-0.31%
RL	D	-0.31%
DVAX	F	-0.31%
LNC	C	-0.31%
DBX	D	-0.3%
PBF	D	-0.3%
NTCT	D	-0.3%
SSD	F	-0.3%
DDS	C	-0.3%
QLYS	F	-0.3%
MOS	F	-0.3%
THO	F	-0.29%
AEO	D	-0.29%
WOR	D	-0.29%
TEX	C	-0.29%
ESRT	D	-0.29%
BLD	D	-0.29%
ARCH	D	-0.29%
PRG	C	-0.29%
CRK	C	-0.29%
BTU	F	-0.29%
OGN	B	-0.28%
PLUS	B	-0.28%
NXST	C	-0.28%
AMWD	C	-0.28%
AMKR	C	-0.28%
URBN	C	-0.28%
CCS	D	-0.28%
LPG	C	-0.28%
KLG	C	-0.28%
SAH	C	-0.28%
MEDP	D	-0.27%
GT	D	-0.27%
ATSG	D	-0.27%
PK	D	-0.27%
ONTO	C	-0.27%
PVH	D	-0.27%
SIG	C	-0.26%
ELAN	B	-0.26%
HURN	F	-0.26%
M	D	-0.25%
PGRE	C	-0.25%
VCEL	C	-0.25%
APP	C	-0.25%
ODP	F	-0.25%
CEIX	D	-0.25%
SCS	C	-0.25%
LAD	F	-0.25%
PCVX	C	-0.24%
CAR	D	-0.24%
PHIN	B	-0.24%
MAC	D	-0.24%
PARA	D	-0.24%
KRC	C	-0.23%
GPS	D	-0.23%
JBGS	F	-0.23%
UEC	C	-0.23%
CLF	F	-0.23%
SANM	B	-0.23%
XPO	D	-0.22%
INFA	D	-0.22%
ALGT	F	-0.21%
RAMP	F	-0.21%
UAA	F	-0.2%
AMPH	D	-0.2%
DXC	F	-0.2%
MLKN	C	-0.2%
XRX	F	-0.2%
GIII	D	-0.2%
SLG	C	-0.19%
RMBS	F	-0.19%
MPW	C	-0.19%
AZTA	F	-0.19%
VNO	F	-0.18%
FTRE	F	-0.18%
KSS	D	-0.18%
TDS	B	-0.18%
AMR	F	-0.17%
MSGE	D	-0.17%
FYBR	B	-0.17%
USM	C	-0.17%
ELF	D	-0.16%
RYTM	D	-0.15%
ACLX	D	-0.15%
OMI	F	-0.15%
HPP	F	-0.14%
HTZ	F	-0.14%
VKTX	D	-0.13%
VIR	D	-0.13%
FL	F	-0.12%
ARDX	C	-0.12%
NYCB	D	-0.12%
HE	D	-0.12%
IMVT	D	-0.11%