KBWB vs. BITQ ETF Comparison

Comparison of PowerShares KBW Bank Portfolio ETF (KBWB) to Bitwise Crypto Industry Innovators ETF (BITQ)

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$69.54

Average Daily Volume

979,229

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BITQ

Bitwise Crypto Industry Innovators ETF

BITQ Description

The Bitwise Crypto Industry Innovators ETF (the Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Bitwise Crypto Innovators 30 Index. The Index was designed to measure the performance of companies leading the rapidly emerging crypto economy. At least 85% of the index is focused on pure-play crypto companies, including bitcoin and crypto trading venues, crypto mining and mining equipment firms, and service providers. Examples include Coinbase (COIN), Silvergate Capital (SI), and MicroStrategy (MSTR). Up to 15% of the index is focused on supporting companies: Innovative large cap firms with diversified business interests that include at least one significant business line focused on the crypto economy. Examples include PayPal (PYPL), Nvidia (NVDA), and Square (SQ). The fund offers investors a picks and shovels approach to investing in the crypto economy

Grade (RS Rating)

Last Trade

$19.70

Average Daily Volume

137,443

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWB	BITQ
30 Days	11.89%	24.68%
60 Days	18.35%	59.64%
90 Days	19.89%	46.91%
12 Months	69.36%	160.22%

1 Overlapping Holdings

	Symbol	Grade	Weight in KBWB	Weight in BITQ	Overlap
	BK	A	3.97%	1.01%	1.01%

KBWB Overweight 23 Positions Relative to BITQ

Symbol	Grade	Weight
MS	A	8.9%
WFC	A	8.73%
GS	A	7.94%
BAC	A	7.9%
JPM	A	7.51%
MTB	A	4.3%
COF	C	4.29%
PNC	B	3.85%
C	A	3.8%
STT	B	3.8%
FITB	B	3.78%
HBAN	A	3.78%
USB	A	3.69%
TFC	A	3.63%
RF	A	3.52%
NTRS	A	3.21%
CFG	B	3.05%
KEY	B	2.65%
EWBC	A	2.1%
FHN	A	1.59%
WAL	B	1.44%
CMA	B	1.32%
ZION	B	1.28%

KBWB Underweight 18 Positions Relative to BITQ

Symbol	Grade	Weight
MSTR	B	-16.51%
COIN	C	-10.9%
MARA	B	-8.95%
WULF	C	-4.83%
RIOT	C	-4.82%
CIFR	C	-4.79%
CLSK	C	-4.48%
IREN	C	-4.16%
APLD	B	-2.82%
BTBT	C	-2.25%
IBKR	A	-1.25%
PYPL	B	-1.08%
BLK	B	-1.04%
NU	C	-0.96%
V	A	-0.95%
MA	B	-0.94%
CME	B	-0.88%
MELI	C	-0.82%