NIXT vs. XSLV ETF Comparison

Comparison of Research Affiliates Deletions ETF (NIXT) to PowerShares S&P SmallCap Low Volatility Portfolio (XSLV)

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$26.24

Average Daily Volume

45,653

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

XSLV

PowerShares S&P SmallCap Low Volatility Portfolio

XSLV Description

The PowerShares S&P SmallCap Low Volatility Portfolio (Fund) is based on the S&P SmallCap 600 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 120 out of 600 small-capitalization range securities from the S&P SmallCap 600 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$47.29

Average Daily Volume

25,964

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

Performance

Period	NIXT	XSLV
30 Days	-0.06%	-1.03%
60 Days		-2.25%
90 Days		1.59%
12 Months		22.21%

5 Overlapping Holdings

Symbol	Grade	Weight in NIXT	Weight in XSLV	Overlap
APLE	C	0.65%	0.93%	0.65%
FHB	A	0.75%	0.8%	0.75%
MSGS	A	0.76%	1.06%	0.76%
PINC	A	0.61%	0.85%	0.61%
SNDR	A	0.88%	0.76%	0.76%

NIXT Overweight 132 Positions Relative to XSLV

Symbol	Grade	Weight
LUMN	A	3.44%
TDS	B	1.19%
SIRI	C	1.17%
DNLI	C	1.15%
LBRDK	A	1.06%
VNO	B	1.06%
HBI	A	1.02%
FTDR	B	1.02%
SLG	B	1.0%
CHRW	C	1.0%
OMCL	B	0.96%
LITE	A	0.94%
ACIW	C	0.93%
SHC	C	0.9%
BXP	C	0.9%
SABR	C	0.89%
CRUS	F	0.89%
BFH	C	0.88%
MKTX	B	0.88%
VFC	A	0.87%
GEN	A	0.86%
DEI	B	0.85%
BKU	C	0.85%
HIW	C	0.85%
MAC	B	0.85%
AFRM	A	0.84%
UAA	B	0.83%
AMBA	B	0.82%
JBLU	D	0.82%
CCOI	B	0.81%
FNF	C	0.79%
EQH	B	0.79%
CMA	A	0.79%
PNW	D	0.78%
RL	B	0.78%
NRG	B	0.78%
RIVN	F	0.78%
JWN	C	0.78%
UHS	D	0.78%
NWL	A	0.77%
REG	D	0.77%
JBGS	C	0.77%
SMTC	B	0.76%
LNC	A	0.76%
SGRY	F	0.76%
MTCH	C	0.76%
MP	B	0.75%
PNM	B	0.75%
BIO	A	0.75%
EPR	D	0.74%
ELS	D	0.74%
OUT	C	0.74%
FL	D	0.73%
RNG	A	0.73%
OGS	C	0.73%
EMN	C	0.73%
TFX	F	0.72%
AVT	B	0.71%
KMX	F	0.71%
CNA	D	0.71%
SAM	C	0.7%
JKHY	A	0.7%
TNL	A	0.7%
ALE	A	0.69%
IAC	F	0.69%
DBX	A	0.69%
FRT	D	0.69%
TFSL	B	0.69%
HAS	D	0.68%
VYX	F	0.68%
MQ	A	0.67%
DXC	D	0.67%
GAP	D	0.67%
EQC	C	0.67%
CTLT	D	0.67%
AMED	C	0.66%
FMC	B	0.66%
LOPE	D	0.66%
MASI	A	0.65%
HE	D	0.65%
YETI	F	0.64%
NOMD	D	0.63%
LCID	F	0.63%
NEU	D	0.62%
PLUG	C	0.62%
SPR	C	0.62%
NVST	A	0.62%
HST	D	0.6%
ZD	F	0.6%
PARA	C	0.59%
ALLY	F	0.59%
PAYC	A	0.58%
VIR	B	0.58%
ARWR	F	0.57%
CAR	C	0.56%
MRVI	F	0.56%
ACLS	F	0.55%
MOS	B	0.55%
CBRL	C	0.55%
PK	F	0.55%
AEO	F	0.54%
QRVO	F	0.54%
HP	C	0.54%
CABO	C	0.53%
NOV	F	0.53%
CRI	F	0.52%
VAC	B	0.52%
HAE	F	0.52%
XRAY	F	0.51%
KSS	F	0.51%
HLF	D	0.51%
AZTA	F	0.51%
ASAN	D	0.51%
XRX	F	0.5%
RAMP	D	0.5%
CVI	F	0.5%
NSP	F	0.49%
NTLA	F	0.49%
ENOV	C	0.47%
ETSY	D	0.45%
BMBL	C	0.45%
NGVT	C	0.45%
HELE	C	0.45%
LEG	F	0.43%
HTZ	F	0.43%
ZI	C	0.43%
BBWI	F	0.42%
IART	C	0.42%
SAGE	F	0.39%
TRIP	C	0.38%
SVC	F	0.35%
AGL	F	0.31%

NIXT Underweight 113 Positions Relative to XSLV

Symbol	Grade	Weight
CTRE	A	-1.26%
LTC	A	-1.17%
EIG	C	-1.13%
EPRT	C	-1.08%
AMSF	A	-1.07%
PECO	B	-1.06%
GTY	C	-1.03%
RHI	C	-1.01%
INVA	C	-1.01%
MCRI	A	-1.0%
FCPT	D	-0.99%
SHO	D	-0.98%
SKT	B	-0.98%
HMN	A	-0.97%
AWR	C	-0.96%
PRGS	B	-0.96%
PBH	A	-0.94%
AGO	B	-0.94%
NMIH	D	-0.94%
FELE	D	-0.94%
AKR	B	-0.93%
SAFT	D	-0.93%
UE	B	-0.93%
CASH	A	-0.92%
CHCO	A	-0.92%
APOG	A	-0.91%
MLI	A	-0.91%
PJT	B	-0.91%
AWI	A	-0.91%
TR	F	-0.9%
IOSP	F	-0.9%
NPK	F	-0.9%
BCPC	C	-0.89%
ALEX	C	-0.89%
IDCC	A	-0.89%
BRC	D	-0.89%
BSIG	A	-0.88%
SNEX	A	-0.88%
PLXS	A	-0.88%
RDN	F	-0.88%
ESE	A	-0.88%
PIPR	B	-0.88%
BFS	D	-0.88%
EFC	D	-0.87%
COOP	D	-0.87%
CPK	C	-0.86%
GTES	A	-0.86%
WSR	B	-0.86%
AVA	D	-0.85%
UTL	D	-0.85%
FDP	A	-0.84%
KFY	C	-0.84%
DRH	D	-0.84%
ACA	B	-0.84%
FUL	F	-0.84%
EPAC	A	-0.83%
CWT	D	-0.83%
NBHC	A	-0.83%
LXP	D	-0.83%
SJW	F	-0.83%
SHOO	D	-0.83%
MTX	C	-0.82%
PSMT	C	-0.82%
SXT	C	-0.82%
MGY	C	-0.82%
FBRT	B	-0.82%
WERN	A	-0.82%
HUBG	D	-0.81%
NWN	C	-0.81%
MMSI	B	-0.81%
SPTN	D	-0.8%
CPF	C	-0.8%
HSTM	A	-0.8%
EPC	D	-0.8%
WABC	B	-0.8%
AL	B	-0.8%
NWBI	C	-0.79%
MOG.A	C	-0.79%
NSIT	F	-0.78%
GNW	D	-0.78%
WT	B	-0.78%
KELYA	D	-0.77%
HTH	D	-0.77%
KMT	B	-0.77%
VRE	D	-0.76%
ELME	D	-0.76%
AHH	D	-0.75%
VRRM	F	-0.75%
NAVI	F	-0.75%
EZPW	B	-0.74%
OFG	C	-0.74%
SMPL	C	-0.74%
EVTC	D	-0.74%
TNC	F	-0.74%
FBP	D	-0.74%
CSR	D	-0.73%
ADUS	D	-0.73%
JJSF	C	-0.73%
RGR	F	-0.72%
KAR	F	-0.72%
UNF	D	-0.72%
DFIN	F	-0.71%
CNXN	F	-0.71%
NVEE	D	-0.71%
NHC	C	-0.71%
MRTN	F	-0.7%
UHT	D	-0.69%
NABL	F	-0.67%
FSS	F	-0.66%
JBSS	F	-0.66%
SPNT	D	-0.66%
USPH	F	-0.64%
AIN	F	-0.57%