PWB vs. USMV ETF Comparison

Comparison of PowerShares Dynamic LargeCap Growth (PWB) to iShares MSCI USA Minimum Volatility ETF (USMV)

PWB

PowerShares Dynamic LargeCap Growth

PWB Description

The PowerShares Dynamic Large Cap Growth Portfolio (Fund) is based on the Dynamic Large Cap Growth IntellidexSM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index seeks to provide capital appreciation while maintaining consistent stylistically accurate exposure. The Style Intellidexes apply a rigorous 10-factor style isolation process to objectively segregate companies into their appropriate investment style and size universe. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

Grade (RS Rating)

Last Trade

$98.45

Average Daily Volume

20,419

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.07

Average Daily Volume

2,239,373

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	PWB	USMV
30 Days	3.94%	1.20%
60 Days	7.94%	5.77%
90 Days	4.23%	9.04%
12 Months	44.82%	27.40%

20 Overlapping Holdings

Symbol	Grade	Weight in PWB	Weight in USMV	Overlap
AAPL	C	3.26%	0.99%	0.99%
AMZN	C	3.56%	0.13%	0.13%
ANET	C	1.53%	0.29%	0.29%
APH	C	1.37%	1.34%	1.34%
CL	C	1.34%	0.46%	0.46%
CRM	C	3.27%	0.04%	0.04%
FICO	B	1.56%	0.5%	0.5%
GD	C	1.46%	0.06%	0.06%
LLY	D	3.11%	1.58%	1.58%
MA	B	3.37%	0.66%	0.66%
MELI	C	1.44%	0.2%	0.2%
MSFT	C	3.44%	1.38%	1.38%
MSI	B	1.41%	1.67%	1.41%
NVDA	C	2.98%	0.55%	0.55%
ORCL	B	3.93%	1.15%	1.15%
PGR	C	1.45%	1.68%	1.45%
RSG	D	1.35%	1.5%	1.35%
TMUS	B	3.18%	1.69%	1.69%
V	C	3.42%	0.78%	0.78%
WM	D	1.36%	1.37%	1.36%

PWB Overweight 30 Positions Relative to USMV

Symbol	Grade	Weight
META	B	3.5%
NFLX	B	3.29%
COST	C	3.22%
GOOGL	D	3.2%
ADBE	F	3.01%
ETN	C	1.55%
KKR	B	1.51%
IR	B	1.5%
TT	B	1.5%
PWR	B	1.49%
SPOT	C	1.48%
CEG	C	1.48%
GWW	B	1.48%
AXP	B	1.47%
TDG	B	1.46%
BSX	B	1.46%
HLT	B	1.44%
BKNG	B	1.44%
SPGI	C	1.44%
ALL	C	1.43%
CTAS	C	1.42%
ECL	B	1.41%
MCO	C	1.41%
AMAT	D	1.4%
HWM	B	1.4%
NU	C	1.4%
FTNT	B	1.39%
SCCO	C	1.38%
MPWR	B	1.34%
KLAC	D	1.32%

PWB Underweight 150 Positions Relative to USMV

Symbol	Grade	Weight
IBM	B	-1.75%
WMT	B	-1.66%
NOC	B	-1.54%
DUK	B	-1.53%
BRK.A	C	-1.51%
CB	B	-1.5%
WCN	D	-1.49%
VZ	A	-1.44%
TXN	B	-1.42%
SO	B	-1.38%
CSCO	B	-1.35%
UNH	C	-1.34%
ROP	C	-1.31%
MCD	B	-1.29%
JNJ	C	-1.26%
AVGO	C	-1.26%
PG	C	-1.25%
ACN	C	-1.24%
MRK	F	-1.21%
ABBV	B	-1.21%
AJG	D	-1.21%
ED	B	-1.2%
MMC	C	-1.12%
PEP	D	-1.1%
MCK	F	-1.06%
TRV	C	-1.05%
AZO	B	-0.96%
LMT	A	-0.9%
GILD	B	-0.9%
CBOE	C	-0.86%
GDDY	C	-0.84%
REGN	D	-0.83%
K	A	-0.81%
ACGL	B	-0.81%
GIS	B	-0.77%
CTSH	B	-0.76%
EA	D	-0.76%
FCNCA	D	-0.74%
WEC	B	-0.74%
T	B	-0.71%
VRTX	D	-0.71%
KDP	B	-0.71%
AMGN	D	-0.7%
ELV	D	-0.69%
NOW	C	-0.68%
TSN	D	-0.68%
VRSN	C	-0.66%
ORLY	B	-0.64%
COR	F	-0.62%
BDX	D	-0.6%
NEM	C	-0.6%
KR	B	-0.59%
FANG	F	-0.57%
FI	B	-0.57%
KEYS	B	-0.56%
MPC	F	-0.56%
ERIE	B	-0.54%
TDY	B	-0.53%
FFIV	B	-0.52%
CME	B	-0.51%
YUM	B	-0.51%
MDLZ	C	-0.51%
JNPR	A	-0.5%
UBER	C	-0.5%
PTC	C	-0.49%
AON	B	-0.49%
INCY	C	-0.48%
CDW	D	-0.46%
AKAM	D	-0.46%
BAH	B	-0.45%
XOM	D	-0.45%
EG	B	-0.45%
HUM	F	-0.45%
TJX	C	-0.44%
KHC	C	-0.43%
XEL	B	-0.43%
BMY	C	-0.43%
AEP	C	-0.41%
WDAY	D	-0.41%
VRSK	D	-0.4%
CPB	C	-0.38%
CMCSA	C	-0.38%
CHD	C	-0.37%
ROL	C	-0.37%
CTVA	B	-0.37%
WTW	B	-0.35%
HSY	D	-0.34%
IT	C	-0.34%
AFG	C	-0.34%
GEN	A	-0.33%
NBIX	F	-0.32%
MKL	C	-0.32%
CVX	F	-0.31%
GLW	B	-0.3%
FWONK	C	-0.3%
ICE	C	-0.29%
AIZ	B	-0.29%
WRB	D	-0.29%
HD	B	-0.29%
GRMN	D	-0.28%
L	D	-0.27%
ADI	C	-0.25%
BMRN	F	-0.25%
ALNY	C	-0.25%
WMB	C	-0.24%
PFE	D	-0.24%
AEE	B	-0.23%
D	C	-0.23%
CI	C	-0.23%
HRL	F	-0.22%
KMB	C	-0.22%
NTAP	D	-0.22%
MOH	D	-0.22%
AZPN	B	-0.22%
HON	C	-0.22%
CMS	B	-0.2%
DTE	A	-0.2%
HUBS	D	-0.19%
LIN	B	-0.18%
TW	B	-0.18%
STX	B	-0.18%
PKG	B	-0.18%
DPZ	D	-0.18%
HOLX	D	-0.17%
SNPS	F	-0.17%
CRWD	D	-0.16%
CDNS	D	-0.16%
EOG	D	-0.16%
GOOG	D	-0.15%
UTHR	B	-0.14%
MDT	B	-0.14%
OXY	F	-0.13%
HIG	B	-0.12%
KO	B	-0.11%
LNT	A	-0.1%
DELL	C	-0.1%
DGX	B	-0.1%
RTX	B	-0.09%
ABT	C	-0.09%
FSLR	C	-0.08%
ADP	C	-0.08%
TEL	D	-0.07%
PSX	F	-0.06%
KNX	C	-0.06%
OTIS	B	-0.06%
VLO	F	-0.05%
CVS	D	-0.05%
BR	C	-0.05%
ULTA	D	-0.05%
ATO	B	-0.05%