KBWB vs. FNCL ETF Comparison

Comparison of PowerShares KBW Bank Portfolio ETF (KBWB) to Fidelity MSCI Financials Index ETF (FNCL)

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

$51.28

Average Daily Volume

767,043

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.59

Average Daily Volume

101,636

Number of Holdings ^*

389

* may have additional holdings in another (foreign) market

Performance

Period	KBWB	FNCL
30 Days	-0.40%	-2.93%
60 Days	3.38%	0.60%
90 Days	5.13%	4.82%
12 Months	18.74%	21.84%

24 Overlapping Holdings

Symbol	Grade	Weight in KBWB	Weight in FNCL	Overlap
BAC	A	8.03%	3.93%	3.93%
BK	C	3.85%	0.64%	0.64%
C	A	4.11%	1.76%	1.76%
CFG	B	3.04%	0.24%	0.24%
CMA	B	1.35%	0.1%	0.1%
COF	A	3.96%	0.81%	0.81%
EWBC	C	2.04%	0.16%	0.16%
FHN	B	1.59%	0.12%	0.12%
FITB	B	3.97%	0.36%	0.36%
GS	A	8.16%	1.97%	1.97%
HBAN	A	3.86%	0.3%	0.3%
JPM	B	7.77%	8.59%	7.77%
KEY	B	2.71%	0.21%	0.21%
MS	A	8.29%	1.63%	1.63%
MTB	B	3.93%	0.34%	0.34%
NTRS	B	3.33%	0.27%	0.27%
PNC	B	3.98%	0.93%	0.93%
RF	B	3.53%	0.28%	0.28%
STT	B	3.96%	0.35%	0.35%
TFC	B	4.07%	0.76%	0.76%
USB	C	3.9%	0.99%	0.99%
WAL	D	1.24%	0.09%	0.09%
WFC	A	8.11%	3.13%	3.13%
ZION	B	1.2%	0.09%	0.09%

KBWB Overweight 0 Positions Relative to FNCL

	Symbol	Grade	Weight

KBWB Underweight 365 Positions Relative to FNCL

Symbol	Grade	Weight
BRK.A	C	-8.12%
V	C	-6.63%
MA	C	-5.96%
SPGI	C	-2.08%
AXP	B	-1.93%
PGR	A	-1.8%
BLK	C	-1.78%
SCHW	A	-1.61%
CB	C	-1.52%
MMC	B	-1.49%
BX	C	-1.37%
ICE	C	-1.16%
CME	C	-1.16%
PYPL	B	-1.02%
MCO	C	-0.96%
AON	D	-0.95%
KKR	B	-0.88%
AIG	B	-0.8%
AJG	C	-0.78%
TRV	B	-0.77%
MET	B	-0.69%
COIN	B	-0.69%
AFL	C	-0.68%
APO	B	-0.68%
SQ	D	-0.67%
ALL	A	-0.66%
AMP	B	-0.65%
FIS	A	-0.65%
MSCI	D	-0.64%
PRU	B	-0.61%
ACGL	A	-0.52%
GPN	C	-0.49%
DFS	A	-0.47%
HIG	B	-0.45%
WTW	B	-0.41%
TROW	B	-0.4%
RJF	A	-0.38%
ARES	C	-0.34%
NDAQ	A	-0.33%
LPLA	C	-0.3%
BRO	C	-0.3%
MKL	D	-0.29%
PFG	C	-0.29%
CBOE	C	-0.28%
CINF	A	-0.28%
WRB	C	-0.26%
SYF	C	-0.26%
FCNCA	B	-0.25%
FDS	D	-0.25%
EG	D	-0.24%
L	C	-0.22%
FNF	C	-0.19%
EQH	A	-0.19%
JKHY	C	-0.19%
RGA	A	-0.19%
RNR	C	-0.17%
TW	C	-0.17%
IBKR	A	-0.17%
CG	B	-0.16%
WEX	A	-0.16%
ALLY	A	-0.16%
ERIE	C	-0.15%
KNSL	C	-0.15%
AIZ	C	-0.14%
AFG	B	-0.14%
PRI	D	-0.13%
TOST	B	-0.13%
SEIC	C	-0.12%
OWL	A	-0.12%
HOOD	A	-0.12%
SF	B	-0.12%
BEN	D	-0.12%
MORN	B	-0.12%
ORI	B	-0.12%
WBS	C	-0.12%
UNM	B	-0.12%
MKTX	F	-0.12%
EVR	B	-0.11%
SOFI	F	-0.11%
VOYA	D	-0.11%
AFRM	D	-0.11%
JEF	C	-0.11%
CBSH	A	-0.1%
HLI	B	-0.1%
CFR	A	-0.1%
AXS	B	-0.09%
MTG	C	-0.09%
AMG	B	-0.09%
PB	C	-0.09%
OMF	A	-0.09%
ESNT	C	-0.09%
FAF	D	-0.09%
SSB	C	-0.09%
WTFC	C	-0.09%
BPOP	C	-0.09%
PNFP	C	-0.09%
SIGI	D	-0.09%
STWD	D	-0.09%
AGNC	C	-0.09%
FNB	C	-0.08%
RYAN	C	-0.08%
COOP	A	-0.08%
IVZ	C	-0.08%
SNV	C	-0.08%
RLI	D	-0.08%
SLM	A	-0.07%
JHG	B	-0.07%
WTM	B	-0.07%
HOMB	C	-0.07%
UBSI	C	-0.07%
JXN	A	-0.07%
RDN	B	-0.07%
AGO	D	-0.07%
THG	C	-0.07%
GL	F	-0.07%
OZK	A	-0.07%
EEFT	C	-0.07%
CADE	C	-0.07%
LNC	B	-0.07%
ONB	C	-0.07%
HWC	C	-0.06%
UMBF	C	-0.06%
COLB	F	-0.06%
AEL	A	-0.06%
PFSI	B	-0.06%
HLNE	B	-0.06%
CACC	C	-0.06%
GBCI	D	-0.06%
FFIN	C	-0.06%
HASI	B	-0.05%
FHI	B	-0.05%
APAM	B	-0.05%
WD	D	-0.05%
IBOC	B	-0.05%
BXMT	D	-0.05%
SFBS	C	-0.05%
VLY	F	-0.05%
WU	C	-0.05%
ASB	C	-0.05%
BHF	C	-0.05%
PIPR	B	-0.05%
MC	C	-0.05%
ESGR	C	-0.05%
FOUR	F	-0.05%
KMPR	C	-0.05%
TPG	C	-0.05%
MQ	D	-0.04%
NMIH	C	-0.04%
FIBK	D	-0.04%
AUB	C	-0.04%
FULT	C	-0.04%
CATY	D	-0.04%
FLYW	F	-0.04%
EVTC	D	-0.04%
WSFS	C	-0.04%
BOKF	B	-0.04%
AX	D	-0.04%
TCBI	D	-0.04%
FHB	C	-0.04%
GNW	D	-0.04%
FBP	C	-0.04%
BGC	B	-0.04%
UCBI	D	-0.04%
ABCB	D	-0.04%
CNO	C	-0.04%
WSBC	C	-0.03%
BRP	C	-0.03%
BANF	D	-0.03%
VRTS	D	-0.03%
ENVA	C	-0.03%
SBCF	D	-0.03%
VIRT	A	-0.03%
UPST	F	-0.03%
PLMR	A	-0.03%
AGM	C	-0.03%
BKU	D	-0.03%
CNS	C	-0.03%
WAFD	D	-0.03%
STEP	A	-0.03%
TOWN	C	-0.03%
SNEX	C	-0.03%
BANC	C	-0.03%
PRK	C	-0.03%
EBC	D	-0.03%
FFBC	D	-0.03%
PPBI	D	-0.03%
INDB	D	-0.03%
OSCR	B	-0.03%
FRME	C	-0.03%
NYCB	F	-0.03%
ABR	D	-0.03%
PJT	C	-0.03%
CBU	D	-0.03%
CVBF	D	-0.03%
SFNC	C	-0.03%
BOH	D	-0.03%
PFS	D	-0.02%
ACT	A	-0.02%
PEBO	D	-0.02%
VBTX	D	-0.02%
EIG	C	-0.02%
NWLI	A	-0.02%
SYBT	D	-0.02%
STBA	D	-0.02%
SKWD	B	-0.02%
SAFT	C	-0.02%
FRHC	F	-0.02%
WABC	D	-0.02%
LOB	D	-0.02%
SPNT	B	-0.02%
FBK	C	-0.02%
CASH	D	-0.02%
PMT	C	-0.02%
CNNE	D	-0.02%
HOPE	C	-0.02%
FCF	D	-0.02%
LADR	D	-0.02%
BUSE	C	-0.02%
FBNC	D	-0.02%
GSHD	F	-0.02%
HTLF	B	-0.02%
NWBI	D	-0.02%
CHCO	C	-0.02%
HMN	C	-0.02%
HTH	D	-0.02%
RC	D	-0.02%
MCY	A	-0.02%
LKFN	D	-0.02%
NBTB	D	-0.02%
IBTX	D	-0.02%
EFSC	D	-0.02%
VCTR	A	-0.02%
RKT	D	-0.02%
CUBI	D	-0.02%
TRMK	C	-0.02%
PRG	D	-0.02%
BANR	D	-0.02%
NATL	A	-0.02%
NNI	A	-0.02%
ARI	B	-0.02%
OFG	C	-0.02%
NAVI	D	-0.02%
RNST	D	-0.02%
CODI	B	-0.02%
DFIN	B	-0.02%
STC	C	-0.02%
TBBK	D	-0.02%
MCB	F	-0.01%
FSBC	D	-0.01%
PX	F	-0.01%
PAY	A	-0.01%
MOFG	D	-0.01%
SMBC	D	-0.01%
NFBK	F	-0.01%
AMAL	D	-0.01%
RILY	C	-0.01%
TIPT	D	-0.01%
ACRE	F	-0.01%
CLBK	D	-0.01%
GDOT	D	-0.01%
BHB	D	-0.01%
CTLP	D	-0.01%
LPRO	F	-0.01%
CCBG	F	-0.01%
DHIL	F	-0.01%
RBCAA	D	-0.01%
CCB	D	-0.01%
TRST	D	-0.01%
WASH	D	-0.01%
TRTX	A	-0.01%
CPF	B	-0.01%
THFF	D	-0.01%
TMP	F	-0.01%
UFCS	C	-0.01%
WRLD	A	-0.01%
CAC	D	-0.01%
EQBK	B	-0.01%
NRDS	D	-0.01%
MCBS	C	-0.01%
BFST	C	-0.01%
UVE	B	-0.01%
CATC	D	-0.01%
GSBC	D	-0.01%
HBNC	D	-0.01%
FCBC	D	-0.01%
FMNB	D	-0.01%
CFB	D	-0.01%
HTBK	D	-0.01%
MSBI	D	-0.01%
AMTB	D	-0.01%
EZPW	A	-0.01%
KREF	D	-0.01%
IBCP	C	-0.01%
OSBC	B	-0.01%
MBWM	D	-0.01%
BY	D	-0.01%
EGBN	F	-0.01%
UWMC	D	-0.01%
PFBC	B	-0.01%
HFWA	D	-0.01%
FG	D	-0.01%
FBMS	D	-0.01%
FMBH	C	-0.01%
IIIV	A	-0.01%
DX	D	-0.01%
DCOM	F	-0.01%
PRA	B	-0.01%
CFFN	D	-0.01%
BFC	D	-0.01%
UVSP	D	-0.01%
RWT	D	-0.01%
CTBI	A	-0.01%
TFSL	D	-0.01%
MBIN	D	-0.01%
CNOB	D	-0.01%
BSIG	A	-0.01%
LBAI	D	-0.01%
AMBC	D	-0.01%
PFC	D	-0.01%
EFC	D	-0.01%
IMXI	A	-0.01%
CASS	C	-0.01%
AMRK	A	-0.01%
BRKL	D	-0.01%
SBSI	D	-0.01%
OBK	D	-0.01%
RPAY	B	-0.01%
TRUP	F	-0.01%
AMSF	C	-0.01%
BRSP	D	-0.01%
HCI	A	-0.01%
LMND	F	-0.01%
OCFC	D	-0.01%
CIM	F	-0.01%
AMK	B	-0.01%
BHLB	D	-0.01%
SRCE	C	-0.01%
QCRH	C	-0.01%
LC	D	-0.01%
SASR	D	-0.01%
CMTG	F	-0.01%
PRAA	D	-0.01%
TCBK	D	-0.01%
GABC	C	-0.01%
NBHC	D	-0.01%
NIC	C	-0.01%
ECPG	D	-0.01%
AROW	D	-0.0%
HIFS	C	-0.0%
ATLC	F	-0.0%
HGTY	B	-0.0%
GCBC	D	-0.0%
CRD.B	C	-0.0%
FRGE	D	-0.0%
SMBK	F	-0.0%
HBT	D	-0.0%
FFIC	F	-0.0%
MPB	D	-0.0%
DGICA	F	-0.0%
JRVR	D	-0.0%
PGC	D	-0.0%
SPFI	D	-0.0%
HAFC	D	-0.0%
HONE	D	-0.0%
KRNY	F	-0.0%