FOVL vs. KBE ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to SPDR S&P Bank ETF (KBE)

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

$59.81

Average Daily Volume

10,070

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.33

Average Daily Volume

2,453,458

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	KBE
30 Days	-4.48%	-3.24%
60 Days	1.19%	4.43%
90 Days	3.41%	-1.11%
12 Months	21.82%	29.52%

6 Overlapping Holdings

Symbol	Grade	Weight in FOVL	Weight in KBE	Overlap
FHB	A	2.68%	0.74%	0.74%
FNB	B	2.58%	1.18%	1.18%
JPM	B	2.94%	1.44%	1.44%
PNFP	C	3.23%	1.42%	1.42%
SNV	C	2.62%	1.39%	1.39%
WBS	D	2.81%	1.4%	1.4%

FOVL Overweight 34 Positions Relative to KBE

Symbol	Grade	Weight
TOL	B	3.34%
IBKR	A	3.13%
BLDR	C	3.13%
COF	A	3.06%
WTM	B	2.96%
WLK	B	2.94%
SF	A	2.92%
CLF	F	2.88%
FYBR	C	2.82%
AXS	D	2.8%
NUE	D	2.73%
ORI	A	2.68%
JHG	B	2.64%
CNA	D	2.6%
KMI	A	2.57%
LYB	B	2.56%
PFG	D	2.48%
DFS	A	2.48%
AMG	C	2.47%
T	C	2.47%
HPE	A	2.36%
STT	B	2.32%
THO	F	2.29%
AGR	B	2.24%
CUZ	B	2.24%
AN	A	2.24%
LPX	C	2.23%
PNW	A	2.09%
ALK	A	1.97%
Z	D	1.93%
LSXMK	F	1.72%
SNDR	F	1.68%
UNM	C	1.21%
LLYVK	D	0.65%

FOVL Underweight 85 Positions Relative to KBE

Symbol	Grade	Weight
CRBG	B	-1.65%
JXN	A	-1.63%
EQH	A	-1.59%
RDN	C	-1.5%
WFC	A	-1.49%
C	A	-1.49%
APO	B	-1.49%
CFR	B	-1.49%
FCNCA	A	-1.48%
MTG	B	-1.48%
COOP	A	-1.47%
VOYA	D	-1.47%
NTRS	B	-1.46%
BK	A	-1.46%
BAC	A	-1.46%
PNC	A	-1.46%
MTB	A	-1.45%
HBAN	A	-1.45%
WTFC	B	-1.45%
RF	B	-1.44%
BPOP	A	-1.44%
CMA	A	-1.43%
AX	B	-1.43%
TFC	A	-1.43%
KEY	C	-1.43%
ASB	B	-1.42%
CFG	A	-1.42%
CADE	A	-1.42%
OZK	A	-1.42%
USB	C	-1.42%
ZION	B	-1.41%
FITB	A	-1.41%
PB	B	-1.41%
EWBC	B	-1.4%
FHN	B	-1.4%
BANC	C	-1.4%
ONB	B	-1.39%
WAL	C	-1.38%
SSB	D	-1.37%
VLY	F	-1.36%
COLB	C	-1.34%
TCBI	D	-1.29%
NYCB	F	-1.28%
ESNT	C	-1.27%
BKU	B	-1.26%
CBSH	A	-1.25%
GBCI	C	-1.16%
HOMB	A	-1.15%
WD	C	-1.07%
UBSI	D	-1.05%
BOH	C	-1.03%
HWC	A	-1.02%
PFSI	B	-1.02%
FBP	A	-0.95%
ABCB	B	-0.92%
FIBK	B	-0.88%
TBBK	F	-0.84%
UMBF	A	-0.84%
UCBI	C	-0.79%
FULT	B	-0.77%
CVBF	D	-0.74%
NMIH	B	-0.73%
FFIN	C	-0.68%
INDB	B	-0.67%
BOKF	A	-0.65%
CBU	D	-0.63%
WSFS	B	-0.62%
PPBI	D	-0.59%
IBOC	A	-0.55%
SFBS	C	-0.54%
CATY	F	-0.5%
EBC	C	-0.49%
SBCF	D	-0.49%
AUB	D	-0.48%
HTH	D	-0.48%
IBTX	F	-0.45%
WAFD	B	-0.45%
SFNC	D	-0.44%
BANR	C	-0.42%
FRME	A	-0.39%
FFBC	A	-0.37%
TRMK	A	-0.35%
RNST	C	-0.34%
LKFN	D	-0.32%
WSBC	D	-0.25%