SMDY vs. XMLV ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to PowerShares S&P MidCap Low Volatility Portfolio (XMLV)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$41.63

Average Daily Volume

247

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 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 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 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

$56.01

Average Daily Volume

39,748

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	XMLV
30 Days	-4.46%	0.88%
60 Days	-1.22%	1.75%
90 Days	4.22%	7.06%
12 Months	14.69%	10.89%

79 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in XMLV	Overlap
ACM	B	0.16%	1.31%	0.16%
ADC	B	0.07%	1.4%	0.07%
AFG	C	0.17%	1.18%	0.17%
AIRC	A	0.24%	1.28%	0.24%
ALE	B	0.21%	1.16%	0.21%
AM	A	0.24%	1.38%	0.24%
ATR	A	0.09%	1.6%	0.09%
AVT	B	0.08%	1.23%	0.08%
BJ	B	0.24%	1.27%	0.24%
BKH	B	0.24%	1.18%	0.24%
BRX	C	0.07%	1.06%	0.07%
BWXT	C	0.08%	1.43%	0.08%
CACI	A	0.22%	1.57%	0.22%
CASY	A	0.24%	1.38%	0.24%
CHE	D	0.22%	1.25%	0.22%
CHH	C	0.1%	1.05%	0.1%
COLM	B	0.31%	1.16%	0.31%
CVLT	A	0.43%	1.21%	0.43%
CW	B	0.1%	1.46%	0.1%
DCI	A	0.1%	1.39%	0.1%
DLB	D	0.58%	1.11%	0.58%
DTM	A	0.24%	1.47%	0.24%
EGP	F	0.07%	1.04%	0.07%
EHC	A	0.27%	1.3%	0.27%
ELS	D	0.19%	1.02%	0.19%
EPR	C	0.07%	1.04%	0.07%
ESNT	C	0.31%	1.17%	0.31%
FHI	F	0.28%	1.02%	0.28%
FLO	B	0.33%	1.3%	0.33%
FNF	B	0.31%	1.09%	0.31%
FR	D	0.07%	1.07%	0.07%
G	D	0.18%	0.95%	0.18%
GATX	D	0.14%	1.17%	0.14%
GHC	C	0.42%	1.21%	0.42%
GLPI	F	0.1%	1.37%	0.1%
GNTX	D	0.21%	1.17%	0.21%
HLI	A	0.16%	1.13%	0.16%
IDA	B	0.22%	1.42%	0.22%
INGR	C	0.3%	1.4%	0.3%
KBR	A	0.16%	1.32%	0.16%
LECO	D	0.26%	1.06%	0.26%
LSTR	D	0.14%	1.13%	0.14%
MDU	A	0.15%	1.68%	0.15%
MSM	F	0.07%	1.24%	0.07%
MTG	C	0.32%	1.32%	0.32%
MUSA	D	0.22%	1.33%	0.22%
NBIX	B	0.69%	1.1%	0.69%
NEU	D	0.09%	1.06%	0.09%
NFG	A	0.24%	1.43%	0.24%
NJR	B	0.24%	1.35%	0.24%
NNN	A	0.07%	1.4%	0.07%
NWE	B	0.21%	1.38%	0.21%
OGE	A	0.21%	1.38%	0.21%
OGS	B	0.24%	1.27%	0.24%
OHI	B	0.62%	1.19%	0.62%
ORI	A	0.18%	1.46%	0.18%
PCH	D	0.12%	1.02%	0.12%
PFGC	D	0.22%	1.06%	0.22%
PNM	C	0.2%	1.86%	0.2%
POR	B	0.21%	1.28%	0.21%
POST	B	0.46%	1.45%	0.46%
PRI	D	0.3%	0.99%	0.3%
RGA	A	0.32%	1.2%	0.32%
RS	D	0.16%	1.06%	0.16%
SAIC	C	0.18%	1.16%	0.18%
SEIC	D	0.29%	1.57%	0.29%
SIGI	F	0.16%	1.24%	0.16%
SNX	A	0.09%	1.43%	0.09%
SON	C	0.06%	1.17%	0.06%
SR	B	0.23%	1.29%	0.23%
STAG	D	0.08%	1.11%	0.08%
THG	A	0.17%	1.15%	0.17%
TXRH	A	0.65%	1.51%	0.65%
USFD	C	0.24%	1.26%	0.24%
WEN	B	0.66%	1.37%	0.66%
WERN	D	0.14%	0.9%	0.14%
WH	D	0.1%	1.0%	0.1%
WPC	C	0.08%	1.07%	0.08%
WTRG	B	0.24%	1.21%	0.24%

SMDY Overweight 311 Positions Relative to XMLV

Symbol	Grade	Weight
SMG	C	1.84%
COTY	D	1.66%
LITE	F	1.13%
CIEN	D	1.06%
GDDY	A	0.89%
IRDM	D	0.88%
DUOL	A	0.82%
QLYS	B	0.8%
FYBR	B	0.79%
DT	D	0.79%
PRGO	B	0.76%
UTHR	A	0.74%
THC	A	0.73%
DOCS	F	0.71%
EXEL	F	0.69%
WING	A	0.66%
HALO	C	0.66%
ZD	D	0.65%
JAZZ	D	0.64%
SBRA	C	0.62%
ARMK	B	0.59%
PSTG	C	0.56%
LNW	D	0.55%
AMKR	C	0.55%
MTSI	B	0.52%
MEDP	C	0.52%
ONTO	A	0.51%
ACHC	F	0.5%
ARWR	F	0.5%
LIVN	B	0.47%
ALGM	C	0.46%
RGEN	D	0.46%
MKSI	C	0.45%
POWI	D	0.45%
CRUS	C	0.45%
IBKR	A	0.45%
COKE	B	0.45%
BRBR	D	0.44%
BLKB	B	0.43%
SF	A	0.43%
AZTA	D	0.43%
NYT	B	0.42%
ASB	A	0.42%
LSCC	F	0.42%
NXST	C	0.41%
LOPE	C	0.41%
RMBS	D	0.41%
EQH	A	0.4%
TDC	D	0.4%
AN	B	0.4%
DBX	F	0.4%
SLAB	D	0.4%
TOL	B	0.4%
ZI	C	0.4%
SYNA	D	0.4%
KBH	C	0.39%
TMHC	C	0.39%
TGNA	D	0.39%
NVST	F	0.38%
CELH	D	0.38%
PCTY	D	0.37%
GMED	F	0.37%
WBS	D	0.37%
CAR	D	0.37%
JWN	B	0.36%
UNM	B	0.36%
PAG	D	0.36%
BHF	B	0.36%
KMPR	B	0.35%
CNO	A	0.35%
DKS	B	0.34%
PPC	A	0.34%
ST	B	0.34%
ENOV	F	0.34%
MANH	D	0.33%
SKX	B	0.33%
CGNX	B	0.32%
CROX	D	0.31%
NSP	D	0.31%
VOYA	C	0.31%
ESAB	B	0.31%
LAD	D	0.31%
ERIE	C	0.31%
FAF	D	0.3%
AGCO	D	0.3%
HQY	D	0.3%
DAR	F	0.3%
TEX	D	0.3%
OSK	D	0.3%
TTC	D	0.3%
GPS	D	0.3%
HRB	C	0.3%
JHG	A	0.3%
AMG	D	0.3%
MSA	D	0.3%
RNR	D	0.29%
KEX	B	0.29%
WSM	B	0.29%
EEFT	C	0.29%
MMS	C	0.29%
IPGP	D	0.29%
MORN	D	0.29%
ETRN	B	0.28%
WEX	D	0.28%
MIDD	D	0.28%
WU	D	0.28%
VNT	D	0.28%
LANC	D	0.28%
SAM	F	0.28%
VST	A	0.27%
SWAV	A	0.27%
SFM	A	0.27%
M	C	0.27%
BURL	D	0.26%
CG	D	0.26%
GME	C	0.26%
ELF	D	0.25%
CLH	A	0.25%
PVH	D	0.25%
CRI	D	0.25%
HAE	A	0.24%
NVT	B	0.24%
PBF	D	0.24%
AMED	D	0.24%
BCO	B	0.24%
GO	F	0.24%
OPCH	D	0.23%
OLLI	C	0.23%
CPRI	F	0.23%
LFUS	B	0.23%
HTZ	F	0.23%
SWX	A	0.23%
PGNY	F	0.22%
DINO	F	0.22%
UGI	C	0.22%
AYI	C	0.22%
ENS	B	0.22%
VC	D	0.22%
WFRD	B	0.21%
BC	F	0.21%
HOG	D	0.21%
SCI	D	0.21%
FIVE	F	0.21%
AA	B	0.21%
SLM	B	0.21%
ALLY	B	0.21%
PLNT	D	0.21%
THO	F	0.21%
FLR	C	0.2%
TCBI	B	0.2%
AMH	C	0.2%
IRT	B	0.2%
PII	F	0.2%
EXLS	D	0.19%
KD	D	0.19%
RGLD	B	0.19%
NSA	D	0.19%
NOV	C	0.19%
CHX	D	0.19%
SRCL	D	0.19%
ORA	C	0.19%
JEF	B	0.18%
CNXC	F	0.18%
SHC	F	0.18%
VAL	C	0.18%
CMC	C	0.18%
MP	C	0.18%
CUBE	D	0.18%
TTEK	A	0.17%
R	A	0.17%
LNTH	B	0.17%
RLI	B	0.17%
EXPO	B	0.17%
FCN	B	0.16%
BLD	C	0.16%
LII	D	0.16%
EME	A	0.16%
TREX	D	0.15%
APPF	B	0.15%
MTZ	B	0.15%
VSH	C	0.15%
FIX	A	0.15%
EVR	C	0.15%
JLL	C	0.15%
BDC	C	0.15%
MAN	B	0.15%
GXO	D	0.15%
FND	D	0.14%
MASI	B	0.14%
X	D	0.14%
RCM	F	0.14%
OLED	C	0.14%
WTFC	B	0.14%
EXP	C	0.14%
ASGN	D	0.14%
KNF	B	0.14%
TPX	D	0.14%
MAT	D	0.14%
FHN	A	0.14%
CLF	F	0.14%
HWC	A	0.14%
RH	D	0.14%
CBSH	A	0.14%
KNSL	F	0.13%
KNX	F	0.13%
WOLF	F	0.13%
LPX	D	0.13%
COHR	D	0.13%
WHR	F	0.13%
CYTK	D	0.13%
UMBF	B	0.13%
CFR	D	0.13%
YETI	F	0.13%
NOVT	D	0.13%
XPO	D	0.13%
UAA	F	0.12%
CHDN	B	0.12%
UA	D	0.12%
IART	F	0.11%
AXTA	A	0.11%
AVNT	A	0.11%
FLS	B	0.11%
CBT	B	0.11%
RYN	D	0.11%
PEN	F	0.11%
HELE	F	0.11%
KRC	D	0.1%
WTS	C	0.1%
OLN	D	0.1%
WWD	A	0.1%
HGV	D	0.1%
VVV	C	0.1%
CSL	B	0.1%
WMS	C	0.1%
TNL	D	0.1%
OC	A	0.1%
GTLS	B	0.1%
LEG	F	0.1%
H	D	0.1%
CUZ	B	0.1%
VNO	D	0.1%
VMI	B	0.1%
ASH	B	0.1%
SAIA	F	0.1%
AR	A	0.1%
CC	C	0.1%
NEOG	F	0.1%
BRKR	D	0.1%
VAC	C	0.1%
WLK	B	0.1%
LEA	F	0.09%
OVV	B	0.09%
SWN	B	0.09%
BYD	F	0.09%
PR	B	0.09%
CHK	B	0.09%
RRC	B	0.09%
GGG	D	0.09%
CNM	B	0.09%
CACC	D	0.09%
CHRD	B	0.09%
CNX	B	0.09%
MUR	B	0.09%
TKR	B	0.09%
GT	D	0.09%
RPM	D	0.09%
HXL	C	0.09%
ALV	A	0.09%
PK	D	0.09%
ADNT	F	0.08%
ARW	B	0.08%
WCC	C	0.08%
AIT	C	0.08%
XRAY	F	0.08%
MTDR	D	0.08%
RBC	D	0.08%
PENN	F	0.08%
WSO	A	0.08%
MTN	D	0.08%
CIVI	B	0.08%
RRX	D	0.08%
ITT	B	0.08%
CADE	B	0.07%
ZION	B	0.07%
HOMB	B	0.07%
REXR	D	0.07%
OZK	B	0.07%
KRG	C	0.07%
LAMR	B	0.07%
IBOC	A	0.07%
SSD	D	0.07%
BERY	D	0.06%
GPK	D	0.06%
GEF	D	0.06%
SSB	D	0.06%
CCK	C	0.06%
FFIN	D	0.06%
GBCI	C	0.06%
SLGN	B	0.06%
UFPI	C	0.06%
VLY	F	0.06%
SNV	C	0.06%
PNFP	C	0.06%
STWD	C	0.06%
UBSI	C	0.06%
PB	B	0.06%
NYCB	D	0.06%
EWBC	A	0.06%
FNB	A	0.06%
ONB	A	0.06%
COLB	C	0.06%

SMDY Underweight 0 Positions Relative to XMLV

	Symbol	Grade	Weight