SMLV vs. BBRE ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to JPMorgan BetaBuilders MSCI U.S. REIT ETF (BBRE)

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$124.91

Average Daily Volume

6,297

Number of Holdings ^*

405

* may have additional holdings in another (foreign) market

BBRE

JPMorgan BetaBuilders MSCI U.S. REIT ETF

BBRE Description

The investment seeks to provide total return. Under normal circumstances, the fund will invest at least 80% of its assets in bonds. It will invest at least 40% of its assets in countries other than the United States. The fund may invest in developed or emerging markets. It generally invests at least 25% of its assets in securities that, at the time of purchase are rated investment grade or the unrated equivalent. "Assets" means net assets plus the amount of borrowings for investment purposes. The fund may also use currency related transactions involving currency derivatives as part of its primary investment strategy.

Grade (RS Rating)

Last Trade

$96.80

Average Daily Volume

39,910

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	BBRE
30 Days	2.99%	-2.89%
60 Days	-0.20%	-1.57%
90 Days	4.72%	4.76%
12 Months	31.55%	29.66%

26 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in BBRE	Overlap
AHH	D	0.08%	0.08%	0.08%
APLE	C	0.08%	0.29%	0.08%
BFS	D	0.1%	0.05%	0.05%
BNL	D	0.14%	0.27%	0.14%
CHCT	B	0.1%	0.04%	0.04%
CSR	D	0.14%	0.1%	0.1%
CTRE	A	0.13%	0.27%	0.13%
CUZ	B	0.11%	0.41%	0.11%
DEA	C	0.18%	0.11%	0.11%
DEI	B	0.11%	0.28%	0.11%
ELME	D	0.14%	0.13%	0.13%
EQC	C	0.69%	0.19%	0.19%
FCPT	D	0.13%	0.21%	0.13%
FPI	A	0.08%	0.05%	0.05%
GMRE	D	0.09%	0.05%	0.05%
GOOD	C	0.13%	0.06%	0.06%
GTY	C	0.18%	0.12%	0.12%
HIW	C	0.12%	0.32%	0.12%
IRT	D	0.1%	0.39%	0.1%
JBGS	C	0.1%	0.17%	0.1%
LTC	A	0.14%	0.13%	0.13%
LXP	D	0.14%	0.23%	0.14%
NHI	C	0.13%	0.29%	0.13%
NTST	F	0.12%	0.08%	0.08%
PECO	B	0.21%	0.38%	0.21%
UHT	D	0.11%	0.05%	0.05%

SMLV Overweight 379 Positions Relative to BBRE

Symbol	Grade	Weight
PJT	B	1.77%
NNI	A	1.74%
THG	B	1.64%
CBU	A	1.61%
VIRT	A	1.44%
PRK	A	1.39%
ONB	A	1.35%
NBTB	D	1.33%
ESGR	C	1.21%
CHCO	A	1.2%
NBHC	A	1.17%
NWBI	C	1.15%
FFIN	D	1.12%
CNO	A	1.09%
HMN	A	1.08%
MGRC	A	1.08%
GCMG	B	1.08%
TOWN	D	1.08%
SYBT	B	1.06%
SASR	A	1.05%
EFSC	B	1.05%
IBOC	B	1.03%
GBCI	A	1.03%
TRMK	B	0.99%
FCF	D	0.98%
BUSE	D	0.96%
NIC	B	0.95%
WABC	B	0.94%
WAFD	D	0.93%
QCRH	B	0.93%
FULT	B	0.92%
RDN	F	0.91%
HOMB	B	0.9%
SFNC	A	0.88%
STBA	D	0.88%
EIG	C	0.84%
BLX	B	0.84%
WSBC	A	0.84%
GABC	A	0.82%
AGM	D	0.8%
SAFT	D	0.79%
LKFN	B	0.79%
WU	F	0.78%
PEBO	B	0.75%
SRCE	C	0.75%
AMSF	A	0.73%
BRKL	A	0.7%
FBMS	B	0.68%
SBSI	D	0.67%
EVTC	D	0.65%
CTBI	B	0.65%
OKLO	A	0.65%
OBK	D	0.64%
PAX	B	0.63%
TMP	A	0.6%
BFC	B	0.59%
UVSP	B	0.58%
BHRB	C	0.57%
CFFN	A	0.57%
FMBH	D	0.57%
HFWA	A	0.56%
NFG	C	0.51%
FCBC	D	0.47%
TRST	D	0.44%
TRIN	D	0.42%
CAC	A	0.42%
MCBS	C	0.38%
GSBC	C	0.37%
AGX	A	0.37%
CCNE	B	0.37%
AROW	A	0.35%
THFF	B	0.35%
FMNB	D	0.35%
HTBI	D	0.34%
HONE	D	0.34%
BHB	B	0.34%
NFBK	C	0.33%
SMBK	A	0.33%
MPB	B	0.32%
CCBG	A	0.32%
ESQ	A	0.32%
DHIL	D	0.3%
SPFI	C	0.29%
HIFS	B	0.29%
KRNY	B	0.28%
FLO	F	0.28%
ORRF	A	0.27%
ALRS	D	0.27%
BSRR	D	0.27%
GLRE	C	0.25%
FSBC	B	0.25%
EBF	F	0.25%
FBIZ	C	0.24%
HBCP	B	0.24%
IDA	A	0.24%
ACNB	C	0.24%
FMAO	A	0.24%
PFIS	A	0.23%
WTBA	A	0.23%
NWE	D	0.23%
PNM	B	0.23%
BWB	C	0.22%
SLGN	A	0.21%
FSBW	C	0.21%
CPK	C	0.21%
NHC	C	0.21%
MGEE	C	0.21%
BKH	D	0.21%
EBTC	B	0.21%
CZNC	D	0.2%
NWN	C	0.2%
SBR	D	0.2%
SR	D	0.2%
ARTNA	F	0.2%
FLIC	C	0.19%
GNTY	D	0.19%
NPK	F	0.18%
CSWI	B	0.18%
FNLC	D	0.18%
CMPO	B	0.18%
SXT	C	0.17%
FRST	F	0.17%
WSBF	B	0.17%
PSTL	C	0.17%
TRC	F	0.16%
VLGEA	D	0.16%
CTO	B	0.16%
CBNK	B	0.16%
CALM	B	0.16%
WT	B	0.15%
JJSF	C	0.15%
TRS	B	0.15%
ICFI	B	0.15%
WERN	A	0.14%
PBH	A	0.14%
CVLT	B	0.14%
BRC	D	0.14%
PLXS	A	0.14%
GPOR	F	0.14%
ARKO	C	0.14%
TGNA	B	0.13%
SNDR	A	0.13%
VMI	A	0.13%
SMP	B	0.13%
UNF	D	0.13%
GENC	B	0.13%
ROAD	B	0.13%
BMI	D	0.13%
FELE	D	0.13%
HSTM	A	0.13%
HTLD	F	0.13%
FTDR	B	0.12%
CBZ	B	0.12%
ESE	A	0.12%
BCAL	B	0.12%
KREF	D	0.12%
SCL	F	0.12%
HWKN	D	0.12%
PRGS	B	0.12%
MWA	B	0.12%
MLR	A	0.12%
GEF	B	0.12%
EXPO	D	0.12%
GATX	A	0.12%
PKE	C	0.12%
ACA	B	0.12%
UTMD	F	0.12%
UFPT	D	0.11%
MSGS	A	0.11%
GHC	A	0.11%
FSS	F	0.11%
INVA	C	0.11%
HNI	D	0.11%
RUSHA	A	0.11%
HCC	A	0.11%
JBSS	F	0.11%
PINC	A	0.11%
AFCG	F	0.11%
KW	C	0.11%
ADMA	B	0.11%
CSGS	D	0.11%
GRC	D	0.11%
BHE	A	0.11%
WEN	A	0.11%
COLM	C	0.11%
SRCL	A	0.1%
HUBG	D	0.1%
CASS	B	0.1%
OMCL	B	0.1%
LMAT	B	0.1%
WDFC	A	0.1%
NOMD	D	0.1%
ACIW	C	0.1%
LNN	C	0.1%
AROC	D	0.1%
ADUS	D	0.1%
NCNO	B	0.1%
HCKT	D	0.1%
MRTN	F	0.1%
NTCT	C	0.1%
ICUI	C	0.1%
ASH	F	0.1%
OSIS	F	0.1%
CCOI	B	0.1%
DORM	A	0.1%
PAHC	B	0.1%
APOG	A	0.09%
SXI	A	0.09%
RLGT	B	0.09%
CRC	B	0.09%
INSM	D	0.09%
GLDD	B	0.09%
AVT	B	0.09%
WINA	A	0.09%
RDWR	C	0.09%
HSII	A	0.09%
RNGR	A	0.09%
PRIM	A	0.09%
MOG.A	C	0.09%
PLUS	C	0.08%
SPNS	B	0.08%
JBT	A	0.08%
LZB	D	0.08%
MGIC	C	0.08%
IOSP	F	0.08%
TNC	F	0.08%
SXC	A	0.08%
BLKB	D	0.08%
EPAC	A	0.08%
SATS	B	0.08%
HURN	A	0.08%
ABM	B	0.08%
BBSI	D	0.08%
KAI	A	0.08%
ALG	C	0.08%
PBT	F	0.08%
MTX	C	0.08%
PSMT	C	0.08%
DNB	B	0.08%
RGP	F	0.08%
PCH	F	0.08%
LILAK	A	0.08%
CXT	F	0.07%
MRCY	D	0.07%
SPOK	A	0.07%
VIAV	A	0.07%
BOX	D	0.07%
CNNE	B	0.07%
LAUR	A	0.07%
SHOO	D	0.07%
KN	C	0.07%
VAL	F	0.07%
RGR	F	0.07%
PRDO	B	0.07%
TTMI	A	0.07%
SANM	A	0.07%
TRNS	F	0.07%
PLOW	F	0.07%
CORT	B	0.07%
WEYS	B	0.07%
SUPN	B	0.07%
ENS	F	0.07%
CTS	A	0.07%
KFRC	D	0.07%
ITGR	D	0.07%
AZZ	D	0.07%
LOPE	D	0.07%
IRDM	B	0.06%
CABO	C	0.06%
OFIX	A	0.06%
TPH	D	0.06%
FORR	F	0.06%
IRMD	C	0.06%
ATEN	A	0.06%
ARCH	B	0.06%
CSV	A	0.06%
MNRO	A	0.06%
MLAB	D	0.06%
CVCO	A	0.06%
IBEX	D	0.06%
MMSI	B	0.06%
CENT	D	0.06%
HUN	F	0.06%
FUL	F	0.06%
GPRK	F	0.06%
ITRN	C	0.06%
ATNI	F	0.06%
PRGO	D	0.06%
SFL	F	0.06%
ENV	A	0.06%
GPI	C	0.06%
LGTY	B	0.06%
FORM	F	0.05%
DK	F	0.05%
IPGP	B	0.05%
PZZA	A	0.05%
XNCR	A	0.05%
ECVT	C	0.05%
TTGT	C	0.05%
AIN	F	0.05%
AORT	A	0.05%
ZD	F	0.05%
ALKS	F	0.05%
HAE	F	0.05%
ATEX	D	0.05%
JOUT	F	0.05%
WK	C	0.05%
POWI	C	0.05%
ASGN	F	0.05%
LIVN	C	0.05%
MYRG	B	0.05%
PDCO	F	0.05%
MEI	F	0.05%
RDNT	D	0.05%
BL	B	0.05%
NVST	A	0.05%
AMPH	A	0.05%
SPB	C	0.05%
MATW	D	0.05%
SCSC	F	0.05%
CEVA	D	0.05%
ETD	F	0.05%
AMED	C	0.05%
AEIS	A	0.05%
GKOS	B	0.05%
STRA	F	0.05%
VPG	F	0.05%
AGIO	B	0.05%
FSTR	F	0.05%
CMCO	F	0.05%
SEM	B	0.05%
AVNS	F	0.05%
NVEC	F	0.05%
VSH	F	0.05%
CRI	F	0.05%
SCHL	F	0.04%
VREX	C	0.04%
VRNT	F	0.04%
LEG	F	0.04%
OGN	D	0.04%
USPH	F	0.04%
THRM	D	0.04%
ARCO	D	0.04%
ANIP	F	0.04%
NEOG	D	0.04%
HRMY	D	0.04%
IART	C	0.04%
VECO	F	0.04%
CNXC	F	0.04%
USNA	D	0.04%
CNMD	D	0.04%
BOWL	F	0.04%
AMN	F	0.04%
ANIK	F	0.04%
SHEN	F	0.04%
MTRN	D	0.04%
NATR	D	0.04%
KIDS	D	0.04%
ATRC	A	0.04%
SRDX	D	0.04%
NARI	A	0.04%
PTCT	B	0.04%
IRWD	F	0.03%
IMTX	F	0.03%
HLF	D	0.03%
NRC	F	0.03%
HELE	C	0.03%
JBI	F	0.03%
HI	F	0.03%
OXM	F	0.03%
TBPH	C	0.03%
RARE	D	0.03%
PCRX	C	0.03%
ALRM	F	0.03%
CBRL	C	0.03%
ZIP	F	0.03%
ACAD	F	0.02%
AZTA	F	0.02%
AAP	F	0.02%

SMLV Underweight 88 Positions Relative to BBRE

Symbol	Grade	Weight
PLD	F	-9.09%
EQIX	B	-7.23%
WELL	A	-5.82%
DLR	A	-4.55%
SPG	C	-4.5%
PSA	D	-4.28%
O	D	-4.0%
IRM	B	-3.22%
EXR	D	-3.04%
AVB	C	-2.77%
VICI	D	-2.69%
EQR	D	-2.28%
VTR	B	-2.24%
INVH	F	-1.77%
ESS	D	-1.68%
MAA	D	-1.54%
ARE	F	-1.52%
SUI	D	-1.41%
KIM	B	-1.39%
DOC	C	-1.36%
UDR	D	-1.24%
GLPI	D	-1.13%
BXP	C	-1.13%
HST	D	-1.1%
ELS	D	-1.06%
AMH	F	-1.05%
WPC	F	-1.04%
REG	D	-1.04%
CPT	D	-1.04%
CUBE	D	-0.93%
OHI	B	-0.85%
FRT	D	-0.72%
BRX	C	-0.72%
NNN	D	-0.72%
REXR	F	-0.7%
EGP	D	-0.67%
VNO	B	-0.62%
COLD	F	-0.61%
FR	D	-0.61%
STAG	D	-0.58%
ADC	C	-0.57%
RHP	B	-0.5%
KRG	D	-0.49%
SLG	B	-0.44%
TRNO	F	-0.41%
EPRT	C	-0.4%
SBRA	B	-0.39%
KRC	B	-0.38%
MAC	B	-0.35%
NSA	D	-0.33%
IIPR	C	-0.33%
CDP	B	-0.32%
EPR	D	-0.31%
SKT	B	-0.31%
PK	F	-0.28%
MPW	D	-0.24%
UE	B	-0.23%
AKR	B	-0.21%
IVT	A	-0.2%
SHO	D	-0.19%
DRH	D	-0.17%
ROIC	B	-0.17%
PEB	F	-0.15%
XHR	C	-0.15%
GNL	D	-0.14%
AAT	C	-0.13%
RLJ	F	-0.13%
ESRT	C	-0.13%
VRE	D	-0.12%
AIV	D	-0.12%
ALEX	C	-0.12%
PDM	C	-0.11%
NXRT	D	-0.09%
UMH	D	-0.09%
PLYM	F	-0.08%
PGRE	C	-0.08%
BDN	C	-0.08%
HPP	F	-0.06%
INN	F	-0.06%
WSR	B	-0.06%
OLP	C	-0.05%
ALX	D	-0.05%
SVC	F	-0.05%
CLDT	F	-0.04%
DHC	D	-0.04%
LAND	F	-0.04%
PKST	F	-0.03%
CBL	B	-0.03%