SMLV vs. QABA ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

$103.98

Average Daily Volume

4,832

Number of Holdings ^*

414

* may have additional holdings in another (foreign) market

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.56

Average Daily Volume

27,037

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	QABA
30 Days	-2.99%	-3.05%
60 Days	-4.57%	-7.20%
90 Days	-2.15%	-8.22%
12 Months	2.69%	4.46%

55 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in QABA	Overlap
AROW	D	0.31%	0.25%	0.25%
BFC	D	0.59%	0.52%	0.52%
BHRB	D	0.28%	0.25%	0.25%
BRKL	D	0.64%	0.53%	0.53%
BUSE	D	0.99%	0.8%	0.8%
BWB	D	0.19%	0.2%	0.19%
CAC	D	0.35%	0.28%	0.28%
CASS	B	0.12%	0.4%	0.12%
CCBG	F	0.28%	0.29%	0.28%
CCNE	D	0.32%	0.26%	0.26%
CFFN	D	0.54%	0.47%	0.47%
CHCO	D	1.18%	0.94%	0.94%
CTBI	C	0.57%	0.46%	0.46%
EFSC	D	0.87%	0.92%	0.87%
ESQ	D	0.26%	0.24%	0.24%
FBMS	D	0.55%	0.47%	0.47%
FCBC	D	0.41%	0.38%	0.38%
FFIN	C	1.08%	2.82%	1.08%
FLIC	D	0.17%	0.15%	0.15%
FMBH	D	0.5%	0.47%	0.47%
FMNB	D	0.36%	0.3%	0.3%
FRST	D	0.18%	0.18%	0.18%
FULT	D	0.87%	1.58%	0.87%
GABC	B	0.74%	0.62%	0.62%
GSBC	D	0.37%	0.39%	0.37%
HFWA	D	0.49%	0.4%	0.4%
HIFS	D	0.21%	0.23%	0.21%
HONE	D	0.3%	0.28%	0.28%
HTBI	D	0.29%	0.28%	0.28%
IBOC	B	1.01%	2.14%	1.01%
KRNY	F	0.26%	0.25%	0.25%
LKFN	D	0.81%	1.0%	0.81%
MPB	D	0.23%	0.21%	0.21%
NBTB	D	1.16%	1.04%	1.04%
NFBK	F	0.27%	0.26%	0.26%
NWBI	D	1.07%	0.89%	0.89%
PEBO	D	0.77%	0.63%	0.63%
PFIS	D	0.21%	0.17%	0.17%
QCRH	C	0.75%	0.6%	0.6%
SASR	D	0.73%	0.61%	0.61%
SBSI	D	0.63%	0.52%	0.52%
SFNC	D	0.78%	1.49%	0.78%
SPFI	D	0.24%	0.27%	0.24%
SRCE	D	0.7%	0.77%	0.7%
STBA	D	0.79%	0.75%	0.75%
SYBT	D	0.83%	0.86%	0.83%
THFF	D	0.33%	0.27%	0.27%
TOWN	D	1.01%	1.28%	1.01%
TRMK	C	0.86%	1.03%	0.86%
TRST	D	0.4%	0.32%	0.32%
UVSP	D	0.45%	0.36%	0.36%
WABC	D	0.98%	0.79%	0.79%
WAFD	D	0.85%	1.13%	0.85%
WSBC	D	0.86%	1.06%	0.86%
WSBF	D	0.15%	0.15%	0.15%

SMLV Overweight 359 Positions Relative to QABA

Symbol	Grade	Weight
NNI	A	1.67%
THG	C	1.62%
PJT	D	1.43%
CBU	D	1.32%
ONB	D	1.3%
MGRC	D	1.24%
ESGR	C	1.23%
HMN	C	1.14%
PRK	C	1.14%
WU	B	1.11%
VIRT	A	1.08%
GCMG	A	1.01%
NBHC	D	0.99%
AGM	C	0.92%
RDN	C	0.91%
CNO	C	0.91%
SAFT	C	0.9%
BLX	A	0.89%
HOMB	D	0.88%
PAX	D	0.88%
EVTC	D	0.88%
FCF	D	0.87%
EIG	C	0.87%
NIC	C	0.84%
GBCI	D	0.82%
CVII	A	0.79%
EQC	F	0.76%
AMSF	D	0.74%
OBK	D	0.67%
LBAI	D	0.56%
NFG	A	0.53%
TRIN	B	0.52%
TMP	F	0.47%
ALCC	B	0.45%
CATC	D	0.38%
SLAM	A	0.36%
MCBS	C	0.34%
DHIL	F	0.34%
FLO	A	0.34%
ALRS	D	0.31%
BHB	D	0.3%
EBF	D	0.29%
SBR	A	0.26%
GLRE	A	0.26%
NWE	D	0.25%
IDA	D	0.25%
SMMF	D	0.25%
ARTNA	F	0.24%
SMBK	F	0.23%
AIRC	A	0.23%
PNM	F	0.23%
BKH	D	0.22%
FBIZ	D	0.22%
PECO	D	0.22%
NPK	A	0.22%
SLGN	A	0.22%
ACNB	F	0.22%
ORRF	D	0.21%
NWN	F	0.21%
CZNC	D	0.21%
MGEE	A	0.21%
FMAO	D	0.21%
SR	D	0.21%
GNTY	D	0.2%
BSRR	D	0.2%
FSBC	D	0.2%
CPK	D	0.2%
HBCP	D	0.2%
MCBC	A	0.2%
PSTL	D	0.19%
WTBA	D	0.19%
FSBW	D	0.18%
SXT	A	0.18%
FNLC	F	0.18%
GTY	D	0.18%
GPOR	A	0.18%
VLGEA	A	0.18%
NHC	D	0.18%
EBTC	F	0.18%
TRS	C	0.17%
TRC	F	0.17%
DEA	D	0.17%
ICFI	C	0.16%
UTMD	F	0.16%
WERN	F	0.16%
PKE	A	0.16%
CTO	B	0.16%
FELE	B	0.16%
CHCT	F	0.15%
AFCG	C	0.15%
LXP	C	0.15%
HTLD	F	0.15%
NTST	D	0.15%
AGX	A	0.15%
SCL	D	0.15%
PBH	C	0.15%
LTC	C	0.14%
GATX	B	0.14%
CSWI	A	0.14%
UNF	D	0.14%
RGP	F	0.14%
BRC	B	0.14%
JBSS	D	0.14%
CBZ	A	0.14%
GEF	D	0.14%
JJSF	F	0.14%
SMP	D	0.14%
CBNK	D	0.14%
ACA	C	0.13%
FSS	A	0.13%
GRC	B	0.13%
CALM	A	0.13%
HCC	A	0.13%
COLM	D	0.13%
MRTN	F	0.13%
GENC	A	0.13%
ASH	B	0.13%
PINC	F	0.13%
BNL	D	0.13%
HSTM	D	0.13%
CSGS	F	0.13%
BCAL	D	0.13%
CSR	A	0.13%
SXC	B	0.12%
DRQ	D	0.12%
VAL	C	0.12%
AROC	A	0.12%
TNC	A	0.12%
ARKO	F	0.12%
EXPO	D	0.12%
ALG	A	0.12%
OSIS	A	0.12%
TGNA	F	0.12%
WEN	B	0.12%
NOMD	C	0.12%
GOOD	A	0.12%
FCPT	D	0.12%
PCH	F	0.11%
HNI	C	0.11%
CRC	A	0.11%
ESE	D	0.11%
MLR	A	0.11%
WDFC	D	0.11%
RUSHA	A	0.11%
ROAD	A	0.11%
GHC	B	0.11%
PRGS	F	0.11%
UHT	F	0.11%
HUBG	D	0.11%
CTRE	A	0.11%
HCKT	D	0.11%
LNN	D	0.11%
PLXS	C	0.11%
NTCT	F	0.11%
NHI	A	0.11%
KREF	D	0.11%
SNDR	F	0.11%
BMI	C	0.11%
RGR	C	0.1%
AHH	D	0.1%
JBGS	D	0.1%
IRT	A	0.1%
APLE	D	0.1%
KW	F	0.1%
CCOI	D	0.1%
KFRC	D	0.1%
WINA	D	0.1%
BLKB	A	0.1%
DORM	B	0.1%
CVLT	B	0.1%
UFPT	A	0.1%
NCNO	D	0.1%
HIW	B	0.1%
VMI	D	0.1%
RNGR	C	0.1%
IOSP	C	0.1%
BFS	D	0.1%
DK	A	0.1%
MSGS	D	0.1%
PBT	F	0.1%
LOPE	C	0.09%
HSII	D	0.09%
CACC	C	0.09%
FORR	F	0.09%
BHE	B	0.09%
VPG	D	0.09%
PSMT	C	0.09%
DNB	D	0.09%
GPRK	A	0.09%
MYRG	A	0.09%
SXI	B	0.09%
HWKN	A	0.09%
TRNS	B	0.09%
MTX	B	0.09%
AVT	B	0.09%
SFL	C	0.09%
ATNI	F	0.09%
FPI	D	0.09%
PRGO	D	0.09%
MOG.A	A	0.09%
INVA	D	0.09%
SRCL	D	0.09%
ECVT	C	0.09%
CMPO	A	0.09%
DEI	D	0.09%
MGIC	B	0.09%
ADUS	A	0.09%
CUZ	C	0.09%
GMRE	F	0.09%
MWA	C	0.09%
ACIW	B	0.08%
MNRO	F	0.08%
WEYS	D	0.08%
HURN	D	0.08%
BBSI	A	0.08%
LAUR	A	0.08%
ARCH	B	0.08%
MODN	A	0.08%
APOG	B	0.08%
PRIM	A	0.08%
JOUT	F	0.08%
ABM	A	0.08%
SUPN	C	0.08%
LILAK	C	0.08%
LZB	D	0.08%
FTDR	D	0.08%
RLGT	F	0.08%
HUN	D	0.08%
IART	F	0.08%
CTS	B	0.08%
ENS	D	0.08%
VSH	F	0.08%
CENT	D	0.08%
MEI	F	0.08%
FSTR	A	0.08%
SPOK	D	0.08%
CMCO	C	0.08%
RDWR	D	0.08%
CRI	D	0.08%
PLOW	F	0.08%
AMSWA	D	0.08%
LMAT	C	0.08%
HOLI	C	0.08%
AZZ	A	0.08%
CNNE	D	0.08%
KAI	D	0.08%
PRDO	C	0.07%
CNXC	F	0.07%
PZZA	F	0.07%
MRCY	F	0.07%
ETD	C	0.07%
PAHC	A	0.07%
BOX	D	0.07%
ICUI	F	0.07%
HI	C	0.07%
BL	C	0.07%
NVEC	A	0.07%
HAE	C	0.07%
PCRX	F	0.07%
SANM	D	0.07%
SHOO	D	0.07%
STRA	C	0.07%
NRC	F	0.07%
VIAV	F	0.07%
MATW	F	0.07%
ENV	A	0.07%
PDCO	F	0.07%
JBT	F	0.07%
AMN	F	0.07%
ITRN	C	0.07%
GLDD	D	0.07%
AIN	D	0.07%
SQSP	A	0.07%
PLUS	C	0.07%
CABO	F	0.07%
NATR	A	0.07%
JBI	B	0.07%
SPNS	A	0.07%
FUL	C	0.07%
ITGR	A	0.07%
KN	D	0.07%
EPAC	A	0.07%
FORM	A	0.06%
AAP	C	0.06%
SPB	C	0.06%
SCSC	C	0.06%
AEIS	D	0.06%
IRDM	F	0.06%
MMSI	D	0.06%
IPGP	F	0.06%
OXM	B	0.06%
BOWL	D	0.06%
ATEX	D	0.06%
MDC	A	0.06%
USPH	C	0.06%
THRM	D	0.06%
USNA	F	0.06%
VREX	F	0.06%
ASGN	C	0.06%
TPH	B	0.06%
VRNT	D	0.06%
MTRN	D	0.06%
AMED	D	0.06%
OMCL	F	0.06%
KIDS	B	0.06%
VECO	A	0.06%
WK	F	0.06%
LIVN	C	0.06%
ATEN	D	0.06%
TTMI	D	0.06%
MLAB	F	0.06%
SCHL	D	0.06%
NVST	F	0.06%
LEG	F	0.06%
HELE	F	0.06%
IRWD	F	0.06%
CVCO	C	0.06%
POWI	F	0.06%
ZD	F	0.06%
AVNS	F	0.06%
RDNT	A	0.05%
GKOS	A	0.05%
ADMA	A	0.05%
ZIP	F	0.05%
AMPH	D	0.05%
CBRL	F	0.05%
ALRM	D	0.05%
CSV	F	0.05%
ANIK	A	0.05%
XNCR	F	0.05%
GPI	C	0.05%
ALKS	F	0.05%
SEM	C	0.05%
ANIP	A	0.05%
ARCO	D	0.05%
SATS	C	0.05%
IBEX	F	0.05%
CEVA	D	0.05%
TTGT	F	0.05%
CNMD	F	0.05%
SHEN	F	0.05%
IRMD	D	0.05%
OFIX	F	0.05%
ATRC	F	0.04%
PTCT	F	0.04%
RARE	D	0.04%
SRDX	F	0.04%
IMTX	D	0.04%
NEOG	F	0.04%
TBPH	A	0.04%
INSM	D	0.04%
AGIO	D	0.04%
CORT	D	0.04%
HLF	D	0.04%
OGN	B	0.04%
HRMY	D	0.04%
NARI	F	0.04%
ACAD	F	0.03%
AZTA	D	0.03%

SMLV Underweight 68 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	A	-4.28%
WTFC	B	-3.85%
OZK	C	-3.1%
UBSI	D	-2.88%
UMBF	B	-2.53%
HWC	C	-2.37%
TFSL	D	-2.15%
ABCB	D	-2.03%
UCBI	D	-1.88%
BANF	D	-1.75%
TCBI	D	-1.73%
FHB	B	-1.7%
FIBK	D	-1.68%
CATY	D	-1.66%
WSFS	C	-1.63%
CVBF	D	-1.47%
PPBI	F	-1.37%
INDB	F	-1.32%
FFBC	D	-1.29%
SBCF	D	-1.27%
FRME	D	-1.25%
MBIN	D	-1.13%
IBTX	D	-1.11%
CLBK	D	-1.1%
TBBK	D	-1.06%
BANR	D	-1.0%
HTLF	C	-0.91%
FBNC	D	-0.88%
HOPE	D	-0.82%
CASH	D	-0.81%
TCBK	F	-0.72%
VBTX	D	-0.68%
PFBC	A	-0.65%
OCFC	D	-0.57%
RBCAA	D	-0.54%
CNOB	D	-0.45%
DCOM	F	-0.44%
AMAL	D	-0.43%
PFC	D	-0.43%
EGBN	F	-0.42%
CFB	D	-0.4%
HBT	D	-0.38%
OSBC	D	-0.38%
MBWM	D	-0.37%
MSBI	D	-0.33%
HBNC	D	-0.33%
BFST	D	-0.33%
IBCP	D	-0.32%
CCB	D	-0.32%
HTBK	D	-0.31%
SMBC	D	-0.3%
HAFC	D	-0.29%
PGC	D	-0.27%
WASH	D	-0.27%
NBN	D	-0.27%
SHBI	F	-0.23%
FFIC	F	-0.22%
MOFG	D	-0.22%
RBB	D	-0.21%
NEWT	D	-0.19%
NRIM	D	-0.17%
CARE	F	-0.17%
FISI	D	-0.17%
BMRC	F	-0.16%
NECB	D	-0.14%
CZFS	D	-0.14%
BLFY	D	-0.14%
OVLY	F	-0.12%

SMLV: Top Represented Industries & Keywords

Industries: Banks - Regional - US Biotechnology Software - Application Diversified Industrials Business Services Medical Instruments & Supplies Savings & Cooperative Banks Medical Devices REIT - Diversified Software - Infrastructure Specialty Chemicals Telecom Services Auto Parts Drug Manufacturers - Specialty & Generic Electronic Components Packaged Foods REIT - Healthcare Facilities Communication Equipment Diagnostics & Research Education & Training Services