KBWD vs. KCE ETF Comparison

Comparison of PowerShares KBW High Dividend Yield Financial Portfolio ETF (KBWD) to SPDR S&P Capital Markets ETF (KCE)

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

$15.30

Average Daily Volume

129,294

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KCE

SPDR S&P Capital Markets ETF

KCE 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 companies that do business as broker-dealers, asset managers, trust and custody banks or exchanges. In seeking to track the performance of the S&P Capital Markets Select Industry 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 capital markets industry group of the S&P Total Market Index ("S&P TMI"). It is non-diversified.

Grade (RS Rating)

Last Trade

$106.46

Average Daily Volume

57,773

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	KBWD	KCE
30 Days	0.69%	-2.89%
60 Days	3.77%	0.77%
90 Days	2.06%	6.22%
12 Months	22.98%	37.39%

3 Overlapping Holdings

Symbol	Grade	Weight in KBWD	Weight in KCE	Overlap
APAM	D	1.54%	1.56%	1.54%
JHG	C	1.24%	1.63%	1.24%
RILY	B	3.17%	2.75%	2.75%

KBWD Overweight 29 Positions Relative to KCE

Symbol	Grade	Weight
EFC	B	3.98%
FSK	A	3.77%
AGNC	B	3.59%
TRIN	A	3.44%
FDUS	A	3.36%
RC	B	3.32%
TRTX	A	3.23%
PSEC	D	3.16%
PNNT	A	3.16%
GSBD	A	3.06%
TCPC	C	2.97%
ARI	D	2.97%
ACRE	D	2.9%
DX	C	2.9%
TPVG	D	2.75%
KREF	D	2.56%
BBDC	A	2.5%
OMF	A	2.18%
WASH	B	2.15%
FIBK	A	1.75%
WU	C	1.72%
EGBN	F	1.71%
NWBI	D	1.67%
LNC	D	1.66%
JXN	A	1.53%
KEY	C	1.46%
PRU	B	1.21%
NYCB	F	0.67%
CSWC	A	0.06%

KBWD Underweight 57 Positions Relative to KCE

Symbol	Grade	Weight
VCTR	A	-2.16%
VIRT	A	-1.89%
GS	A	-1.86%
SCHW	A	-1.86%
IBKR	A	-1.81%
OWL	A	-1.81%
STEP	B	-1.81%
SNEX	A	-1.8%
SF	A	-1.78%
HLNE	A	-1.77%
MS	A	-1.77%
PIPR	A	-1.74%
BK	A	-1.73%
LPLA	A	-1.73%
STT	C	-1.71%
HLI	A	-1.71%
NTRS	C	-1.71%
RJF	B	-1.71%
HOOD	D	-1.7%
JEF	B	-1.69%
ARES	B	-1.68%
AMP	C	-1.68%
AMG	C	-1.67%
DFIN	B	-1.67%
NDAQ	B	-1.67%
TW	B	-1.65%
CME	C	-1.64%
TPG	C	-1.62%
CG	D	-1.62%
SEIC	C	-1.61%
SPGI	C	-1.61%
KKR	C	-1.61%
MCO	C	-1.61%
BGC	A	-1.6%
CBOE	C	-1.6%
TROW	D	-1.59%
BX	D	-1.59%
ICE	C	-1.58%
PJT	D	-1.58%
EVR	C	-1.57%
MKTX	F	-1.57%
MC	D	-1.57%
FHI	D	-1.55%
CNS	D	-1.55%
MORN	D	-1.54%
BLK	D	-1.52%
IVZ	F	-1.52%
FDS	D	-1.51%
BSIG	B	-1.49%
VRTS	D	-1.48%
MSCI	F	-1.44%
COIN	D	-1.41%
BEN	F	-1.38%
PX	F	-0.89%
AMK	D	-0.58%
LPRO	F	-0.45%
DHIL	B	-0.33%