SMLV vs. KBWB ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to PowerShares KBW Bank Portfolio ETF (KBWB)

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

$112.63

Average Daily Volume

4,542

Number of Holdings ^*

411

* may have additional holdings in another (foreign) market

KBWB

PowerShares KBW Bank Portfolio ETF

KBWB Description

The PowerShares KBW Bank Portfolio (Fund) is based on the KBW Bank Index (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the US. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$55.17

Average Daily Volume

669,968

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	KBWB
30 Days	6.48%	8.91%
60 Days	4.33%	9.08%
90 Days	4.65%	14.84%
12 Months	16.54%	47.98%

0 Overlapping Holdings

	Symbol	Grade	Weight in SMLV	Weight in KBWB	Overlap

SMLV Overweight 411 Positions Relative to KBWB

Symbol	Grade	Weight
NNI	A	1.66%
THG	B	1.63%
PJT	B	1.43%
CBU	C	1.37%
ONB	A	1.35%
ESGR	A	1.25%
PRK	A	1.23%
HMN	D	1.23%
CHCO	C	1.22%
NBTB	C	1.22%
VIRT	A	1.17%
MGRC	D	1.13%
IBOC	A	1.09%
WU	D	1.07%
FFIN	B	1.06%
NWBI	C	1.06%
GCMG	B	1.02%
BUSE	B	1.01%
TOWN	C	1.0%
WABC	C	0.99%
NBHC	B	0.99%
CNO	B	0.97%
TRMK	B	0.96%
FULT	B	0.95%
SAFT	C	0.91%
BLX	C	0.9%
FCF	C	0.9%
RDN	B	0.9%
HOMB	B	0.9%
AGM	D	0.89%
EFSC	C	0.87%
WAFD	C	0.87%
SYBT	B	0.85%
EVTC	D	0.84%
EIG	D	0.84%
WSBC	C	0.84%
NIC	C	0.83%
GBCI	C	0.82%
LKFN	C	0.82%
STBA	C	0.81%
PEBO	C	0.79%
PAX	D	0.77%
CVII	B	0.76%
SASR	C	0.76%
EQC	B	0.74%
SFNC	D	0.74%
QCRH	B	0.74%
OBK	B	0.73%
SRCE	B	0.72%
AMSF	F	0.71%
GABC	C	0.71%
SBSI	D	0.63%
LBAI	C	0.62%
BRKL	F	0.6%
CTBI	B	0.6%
BFC	B	0.57%
FBMS	C	0.56%
FMBH	B	0.53%
HFWA	C	0.52%
NFG	B	0.52%
UVSP	B	0.51%
TRIN	B	0.51%
BHRB	F	0.5%
TMP	C	0.49%
CFFN	F	0.49%
FCBC	B	0.44%
TRST	C	0.41%
CATC	B	0.39%
GSBC	C	0.38%
FLO	B	0.36%
SLAM	A	0.35%
FMNB	D	0.35%
MCBS	B	0.35%
CAC	C	0.35%
THFF	C	0.34%
HONE	C	0.33%
DHIL	C	0.33%
CCNE	C	0.32%
HTBI	B	0.31%
BHB	C	0.31%
AROW	C	0.31%
ALRS	D	0.3%
MCBC	A	0.3%
EBF	B	0.28%
CCBG	D	0.28%
NFBK	C	0.28%
ESQ	C	0.27%
GLRE	A	0.26%
KRNY	F	0.26%
NWE	B	0.25%
SMBK	C	0.25%
ARTNA	C	0.25%
SPFI	C	0.25%
IDA	B	0.25%
MPB	C	0.24%
SBR	B	0.23%
PNM	C	0.23%
FMAO	C	0.22%
FBIZ	D	0.22%
AIRC	A	0.22%
BSRR	A	0.22%
NPK	D	0.22%
BKH	B	0.22%
HIFS	C	0.22%
SLGN	B	0.21%
PECO	F	0.21%
HBCP	C	0.21%
NWN	C	0.21%
ORRF	B	0.21%
PFIS	F	0.21%
CZNC	D	0.21%
SR	B	0.21%
CPK	C	0.21%
MGEE	B	0.21%
ACNB	F	0.21%
GNTY	C	0.2%
WTBA	C	0.2%
EBTC	C	0.19%
AGX	A	0.19%
BWB	C	0.19%
FSBC	C	0.19%
DEA	C	0.18%
GTY	C	0.18%
GPOR	D	0.18%
VLGEA	A	0.18%
TRC	D	0.18%
SXT	C	0.18%
NHC	B	0.18%
PSTL	D	0.18%
FLIC	F	0.17%
FNLC	C	0.17%
FRST	D	0.17%
ICFI	D	0.16%
WSBF	C	0.16%
TRS	B	0.16%
FSBW	C	0.16%
HTLD	D	0.15%
CSR	B	0.15%
NTST	B	0.15%
PBH	C	0.15%
WERN	D	0.15%
UTMD	F	0.15%
AFCG	B	0.15%
FELE	D	0.15%
SCL	C	0.15%
CTO	B	0.15%
BMI	B	0.14%
BRC	B	0.14%
CBZ	C	0.14%
SMP	D	0.14%
LTC	A	0.14%
CHCT	F	0.14%
CSWI	C	0.14%
COLM	B	0.14%
HSTM	B	0.14%
LXP	D	0.14%
EXPO	B	0.14%
CBNK	C	0.14%
JJSF	B	0.14%
PKE	F	0.14%
BCAL	F	0.13%
GENC	A	0.13%
RGP	F	0.13%
HCC	C	0.13%
MRTN	D	0.13%
ACA	B	0.13%
ASH	B	0.13%
GATX	A	0.13%
UNF	D	0.13%
GEF	D	0.13%
JBSS	C	0.13%
BNL	C	0.13%
CALM	C	0.12%
PLXS	B	0.12%
NHI	A	0.12%
FSS	B	0.12%
WEN	D	0.12%
GOOD	B	0.12%
FCPT	B	0.12%
TGNA	B	0.12%
PINC	F	0.12%
GHC	B	0.11%
CVLT	B	0.11%
SXC	D	0.11%
GRC	F	0.11%
ESE	C	0.11%
MLR	A	0.11%
HNI	A	0.11%
NTCT	F	0.11%
BHE	A	0.11%
KREF	D	0.11%
HUBG	B	0.11%
AROC	B	0.11%
SNDR	C	0.11%
LNN	C	0.11%
UFPT	B	0.11%
CTRE	B	0.11%
NOMD	D	0.11%
VAL	B	0.11%
CASS	D	0.11%
CSGS	F	0.11%
UHT	C	0.11%
OSIS	C	0.11%
VMI	C	0.11%
WINA	C	0.1%
CRC	F	0.1%
ROAD	C	0.1%
CMPO	D	0.1%
PBT	D	0.1%
AHH	B	0.1%
PCH	D	0.1%
BFS	C	0.1%
BLKB	C	0.1%
MWA	B	0.1%
KW	C	0.1%
WDFC	D	0.1%
IOSP	B	0.1%
ALG	D	0.1%
ARKO	D	0.1%
HCKT	F	0.1%
MSGS	C	0.1%
PRGS	D	0.1%
TNC	D	0.1%
HIW	A	0.1%
VPG	F	0.09%
LOPE	B	0.09%
APLE	F	0.09%
SXI	C	0.09%
HWKN	C	0.09%
PRDO	B	0.09%
PSMT	A	0.09%
AVT	A	0.09%
FTDR	B	0.09%
NCNO	D	0.09%
ADUS	B	0.09%
DNB	C	0.09%
JBGS	D	0.09%
RUSHA	D	0.09%
RGR	F	0.09%
KFRC	D	0.09%
CCOI	F	0.09%
FPI	C	0.09%
SFL	B	0.09%
LMAT	A	0.09%
MOG.A	B	0.09%
DEI	B	0.09%
MGIC	C	0.09%
INVA	B	0.09%
DRQ	F	0.09%
TRNS	A	0.09%
GMRE	C	0.09%
MTX	A	0.09%
PRGO	D	0.09%
IRT	B	0.09%
DORM	D	0.09%
CUZ	B	0.09%
MYRG	D	0.08%
ABM	C	0.08%
PRIM	B	0.08%
HUN	C	0.08%
EPAC	B	0.08%
LAUR	B	0.08%
KAI	D	0.08%
MEI	F	0.08%
CRI	F	0.08%
FORR	F	0.08%
ACIW	A	0.08%
RDWR	B	0.08%
ECVT	F	0.08%
ENS	C	0.08%
CENT	C	0.08%
HSII	B	0.08%
CMCO	A	0.08%
LILAK	C	0.08%
PAHC	B	0.08%
VSH	C	0.08%
AZZ	B	0.08%
CTS	B	0.08%
CNNE	D	0.08%
GPRK	B	0.08%
STRA	B	0.08%
CACC	D	0.08%
APOG	A	0.08%
RNGR	F	0.08%
SRCL	F	0.08%
PLOW	C	0.08%
DK	D	0.08%
MLAB	C	0.07%
SQSP	A	0.07%
AIN	C	0.07%
ATEN	A	0.07%
ICUI	D	0.07%
HURN	F	0.07%
LIVN	C	0.07%
AMSWA	F	0.07%
NRC	F	0.07%
PDCO	F	0.07%
SHOO	B	0.07%
ATNI	F	0.07%
MATW	D	0.07%
JBT	F	0.07%
JBI	D	0.07%
ITRN	C	0.07%
NATR	F	0.07%
SPNS	B	0.07%
WEYS	D	0.07%
SANM	B	0.07%
TTMI	B	0.07%
SUPN	F	0.07%
ITGR	D	0.07%
SPOK	D	0.07%
HAE	A	0.07%
AMN	D	0.07%
FSTR	B	0.07%
FUL	B	0.07%
PLUS	B	0.07%
ENV	B	0.07%
MODN	C	0.07%
LZB	C	0.07%
RLGT	F	0.07%
CABO	F	0.07%
ARCH	F	0.07%
KN	B	0.07%
BBSI	B	0.07%
HOLI	D	0.07%
AAP	D	0.06%
USPH	C	0.06%
SPB	B	0.06%
NVST	F	0.06%
IPGP	D	0.06%
GPI	A	0.06%
AMED	A	0.06%
OXM	C	0.06%
SCSC	A	0.06%
VECO	B	0.06%
HELE	D	0.06%
VRNT	C	0.06%
VIAV	F	0.06%
HI	D	0.06%
PZZA	F	0.06%
MMSI	B	0.06%
ETD	D	0.06%
SEM	A	0.06%
WK	D	0.06%
SCHL	F	0.06%
NVEC	D	0.06%
XNCR	D	0.06%
ASGN	C	0.06%
BL	F	0.06%
GLDD	B	0.06%
TPH	B	0.06%
KIDS	C	0.06%
POWI	C	0.06%
IRWD	F	0.06%
CVCO	D	0.06%
BOX	D	0.06%
MNRO	F	0.06%
OMCL	D	0.06%
SATS	C	0.06%
PCRX	C	0.06%
ZD	F	0.06%
JOUT	F	0.06%
IRDM	D	0.06%
FORM	B	0.06%
CNXC	D	0.06%
AVNS	C	0.06%
MRCY	C	0.06%
LEG	F	0.05%
CBRL	F	0.05%
RDNT	A	0.05%
GKOS	A	0.05%
BOWL	D	0.05%
OGN	B	0.05%
HLF	D	0.05%
SHEN	D	0.05%
VREX	F	0.05%
CNMD	F	0.05%
CEVA	F	0.05%
ALKS	F	0.05%
AMPH	F	0.05%
ALRM	D	0.05%
IBEX	D	0.05%
OFIX	C	0.05%
ADMA	A	0.05%
ANIP	D	0.05%
TTGT	F	0.05%
CSV	C	0.05%
MTRN	F	0.05%
ARCO	C	0.05%
ATEX	F	0.05%
THRM	F	0.05%
IART	F	0.05%
ANIK	D	0.05%
AEIS	C	0.05%
IRMD	D	0.05%
USNA	D	0.05%
NEOG	F	0.04%
INSM	F	0.04%
IMTX	C	0.04%
CORT	C	0.04%
TBPH	D	0.04%
HRMY	F	0.04%
PTCT	C	0.04%
SRDX	C	0.04%
ZIP	F	0.04%
NARI	D	0.04%
AGIO	B	0.04%
ACAD	F	0.03%
ATRC	F	0.03%
AZTA	F	0.03%
RARE	F	0.03%

SMLV Underweight 24 Positions Relative to KBWB

Symbol	Grade	Weight
GS	A	-8.49%
MS	A	-8.22%
WFC	A	-8.14%
BAC	A	-8.07%
JPM	A	-7.77%
C	A	-4.18%
TFC	A	-4.16%
FITB	B	-4.14%
MTB	A	-4.0%
PNC	A	-3.94%
HBAN	A	-3.84%
COF	B	-3.83%
BK	A	-3.79%
STT	B	-3.77%
USB	D	-3.67%
RF	B	-3.42%
NTRS	B	-3.31%
CFG	A	-3.11%
KEY	B	-2.65%
EWBC	B	-2.05%
FHN	A	-1.67%
CMA	B	-1.35%
WAL	B	-1.31%
ZION	B	-1.23%