KBE vs. KBWD ETF Comparison

Comparison of SPDR S&P Bank ETF (KBE) to PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD)

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

$59.96

Average Daily Volume

1,814,162

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KBWD

PowerShares KBW High Dividend Yield Financial Portfolio ETF

KBWD Description

The PowerShares KBW High Dividend Yield Financial Portfolio (Fund) is based on the KBW Financial Sector Dividend Yield Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index. The Index is calculated using a dividend yield weighted methodology that seeks to reflect the performance of approximately 24 to 40 publicly listed financial companies that are principally engaged in the business of providing financial services and products, including banking, insurance and diversified financial services, in the United States. The Index may also include securities of BDCs and equity and mortgage REITs. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$15.21

Average Daily Volume

166,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBE	KBWD
30 Days	7.30%	-0.21%
60 Days	14.49%	0.16%
90 Days	17.68%	3.44%
12 Months	56.61%	17.30%

3 Overlapping Holdings

Symbol	Grade	Weight in KBE	Weight in KBWD	Overlap
FIBK	A	1.09%	1.8%	1.09%
JXN	B	1.31%	1.05%	1.05%
KEY	A	1.19%	1.5%	1.19%

KBE Overweight 90 Positions Relative to KBWD

Symbol	Grade	Weight
APO	A	1.42%
WFC	A	1.37%
EWBC	A	1.34%
WBS	A	1.34%
AX	A	1.32%
PNFP	A	1.32%
SNV	A	1.3%
ASB	A	1.29%
ZION	A	1.28%
COLB	A	1.28%
GBCI	A	1.28%
CFR	A	1.28%
WTFC	A	1.27%
MTB	A	1.26%
TCBI	A	1.26%
FHN	A	1.25%
CADE	A	1.22%
BOH	A	1.22%
HBAN	A	1.22%
NTRS	A	1.21%
CMA	A	1.21%
HWC	A	1.2%
EQH	B	1.2%
RF	A	1.19%
ONB	B	1.19%
C	A	1.19%
UMBF	A	1.19%
FULT	A	1.18%
BAC	A	1.18%
FCNCA	A	1.18%
VLY	A	1.18%
PNC	A	1.18%
FNB	A	1.18%
JPM	A	1.17%
BANC	A	1.16%
CBSH	A	1.16%
ABCB	A	1.15%
FFIN	A	1.15%
CFG	A	1.15%
OZK	A	1.15%
TBBK	A	1.15%
HOMB	A	1.15%
SSB	A	1.14%
PB	A	1.14%
UBSI	A	1.14%
BK	A	1.13%
WAL	A	1.13%
USB	B	1.13%
FITB	A	1.12%
TFC	A	1.11%
CRBG	B	1.11%
BKU	A	1.1%
VOYA	A	1.1%
FBP	A	1.06%
COOP	B	1.06%
AUB	A	1.03%
EBC	A	1.03%
CVBF	A	1.02%
WD	D	1.01%
PFS	A	1.0%
BPOP	C	0.99%
INDB	A	0.99%
CBU	A	0.99%
RDN	C	0.98%
MTG	C	0.98%
CATY	A	0.97%
BOKF	A	0.94%
NMIH	D	0.93%
SFBS	A	0.91%
PFSI	D	0.9%
IBOC	A	0.89%
FHB	A	0.89%
ESNT	D	0.89%
UCB	A	0.88%
WAFD	A	0.85%
RNST	A	0.82%
WSFS	A	0.81%
TFIN	A	0.81%
RKT	F	0.79%
PPBI	A	0.79%
IBTX	A	0.78%
BANR	A	0.75%
SBCF	A	0.72%
SFNC	B	0.64%
TRMK	A	0.62%
FFBC	A	0.61%
HTH	B	0.59%
FRME	A	0.57%
LKFN	A	0.46%
WSBC	A	0.44%

KBE Underweight 27 Positions Relative to KBWD

Symbol	Grade	Weight
FSK	A	-3.8%
TRIN	A	-3.78%
TCPC	C	-3.7%
PSEC	F	-3.65%
ACRE	B	-3.48%
AGNC	C	-3.46%
RC	F	-3.26%
PNNT	A	-3.25%
DX	A	-3.24%
GSBD	F	-3.17%
FDUS	A	-3.05%
ARI	D	-3.04%
EGBN	A	-3.01%
EFC	D	-2.9%
TRTX	B	-2.76%
BBDC	A	-2.69%
OMF	A	-2.48%
KREF	D	-2.26%
WASH	A	-2.22%
CSWC	D	-2.2%
APAM	A	-2.15%
TPVG	C	-1.93%
WU	F	-1.83%
LNC	A	-1.72%
NWBI	A	-1.7%
JHG	A	-1.31%
PRU	A	-1.21%