SPLV vs. FQAL ETF Comparison

Comparison of PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV) to Fidelity Quality Factor ETF (FQAL)

SPLV

PowerShares S&P 500 Low Volatility Portfolio ETF

SPLV Description

The PowerShares S&P 500 Low Volatility Portfolio (Fund) is based on the S&P 500 Low Volatility Index (Index). The Fund 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 and consists of the 100 stocks from the S&P 500 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 in February, May, August and November.

Grade (RS Rating)

Last Trade

$73.96

Average Daily Volume

1,577,046

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	SPLV	FQAL
30 Days	2.35%	2.60%
60 Days	3.72%	4.35%
90 Days	6.25%	5.86%
12 Months	23.06%	30.56%

37 Overlapping Holdings

Symbol	Grade	Weight in SPLV	Weight in FQAL	Overlap
ABBV	D	0.0%	1.14%	0.0%
ADP	B	1.11%	0.64%	0.64%
AME	A	0.0%	0.52%	0.0%
AMP	A	0.94%	0.92%	0.92%
AVB	B	0.92%	0.19%	0.19%
AVY	D	0.92%	0.15%	0.15%
CL	D	1.23%	0.36%	0.36%
CME	A	1.04%	0.85%	0.85%
COST	B	0.02%	1.01%	0.02%
CSX	B	0.85%	0.49%	0.49%
CTAS	B	0.94%	0.55%	0.55%
CVX	A	0.93%	0.68%	0.68%
ECL	D	0.91%	0.24%	0.24%
ITW	B	1.09%	0.54%	0.54%
JNJ	D	1.11%	1.35%	1.11%
KMB	D	0.99%	0.31%	0.31%
KO	D	1.37%	0.66%	0.66%
LIN	D	1.08%	0.52%	0.52%
LMT	D	1.04%	0.56%	0.56%
MA	C	1.13%	1.48%	1.13%
MCD	D	0.97%	1.11%	0.97%
MDLZ	F	1.0%	0.38%	0.38%
MO	A	0.94%	0.44%	0.44%
O	D	0.93%	0.21%	0.21%
ORLY	B	0.91%	0.84%	0.84%
OTIS	C	0.94%	0.45%	0.45%
PAYX	C	0.87%	0.49%	0.49%
PG	A	1.22%	0.98%	0.98%
PM	B	0.96%	0.63%	0.63%
SO	D	1.0%	0.36%	0.36%
SPGI	C	1.01%	0.92%	0.92%
UNP	C	0.91%	0.61%	0.61%
V	A	1.1%	1.61%	1.1%
VICI	C	0.92%	0.18%	0.18%
WEC	A	0.97%	0.26%	0.26%
WMB	A	0.98%	0.34%	0.34%
YUM	B	1.07%	0.72%	0.72%

SPLV Overweight 77 Positions Relative to FQAL

Symbol	Grade	Weight
BRK.A	B	1.31%
RSG	A	1.22%
ATO	A	1.21%
MMC	B	1.17%
TMUS	B	1.17%
L	A	1.15%
HON	B	1.11%
NI	A	1.09%
PPL	B	1.09%
FI	A	1.08%
MSI	B	1.08%
CHD	B	1.07%
KMI	A	1.07%
BSX	B	1.07%
DUK	C	1.07%
ICE	C	1.06%
FE	C	1.05%
LNT	A	1.05%
PEP	F	1.04%
EA	A	1.03%
CMS	C	1.03%
GD	F	1.03%
TJX	A	1.03%
PEG	A	1.03%
CB	C	1.02%
SRE	A	1.02%
EVRG	A	1.02%
WTW	B	1.0%
ED	D	1.0%
OKE	A	0.99%
COR	B	0.99%
RTX	C	0.99%
BK	A	0.99%
ABT	B	0.98%
BR	A	0.98%
ROP	B	0.98%
KDP	D	0.97%
WM	A	0.97%
SYK	C	0.97%
EIX	B	0.96%
HOLX	D	0.96%
STZ	D	0.95%
AJG	B	0.94%
WELL	A	0.94%
HLT	A	0.94%
NDAQ	A	0.93%
VRSN	F	0.93%
PPG	F	0.93%
REG	B	0.92%
NOC	D	0.92%
WMT	A	0.92%
MDT	D	0.92%
BRO	B	0.92%
PCG	A	0.92%
HIG	B	0.91%
AEP	D	0.91%
SYY	B	0.9%
LYB	F	0.9%
PNW	B	0.9%
LHX	C	0.9%
DTE	C	0.9%
PKG	A	0.89%
FRT	B	0.89%
JKHY	D	0.89%
GIS	D	0.88%
LDOS	C	0.73%
MCK	B	0.02%
JPM	A	0.01%
ETR	B	0.0%
CSCO	B	0.0%
MET	A	0.0%
CBOE	B	0.0%
AFL	B	0.0%
PRU	A	0.0%
AIG	B	0.0%
DRI	B	0.0%
DGX	A	0.0%

SPLV Underweight 87 Positions Relative to FQAL

Symbol	Grade	Weight
NVDA	C	-7.24%
AAPL	C	-6.62%
MSFT	F	-6.3%
GOOGL	C	-3.69%
META	D	-2.51%
AVGO	D	-2.0%
LLY	F	-1.72%
HD	A	-1.5%
BKNG	A	-1.21%
XOM	B	-1.16%
BX	A	-1.05%
ACN	C	-1.05%
BMY	B	-1.02%
LOW	D	-1.02%
PGR	A	-1.0%
GILD	C	-1.0%
ADBE	C	-0.97%
NFLX	A	-0.97%
FICO	B	-0.96%
PANW	C	-0.96%
QCOM	F	-0.91%
VRTX	F	-0.86%
GRMN	B	-0.86%
VEEV	C	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
EWBC	A	-0.78%
CAT	B	-0.77%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
ACGL	D	-0.71%
CBSH	A	-0.71%
DPZ	C	-0.69%
LRCX	F	-0.67%
IDXX	F	-0.67%
KNSL	B	-0.65%
QLYS	C	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
MTD	D	-0.58%
MEDP	D	-0.57%
T	A	-0.57%
VZ	C	-0.56%
GWW	B	-0.55%
FAST	B	-0.53%
MMM	D	-0.5%
TDG	D	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
ODFL	B	-0.45%
VST	B	-0.43%
COP	C	-0.41%
TTD	B	-0.41%
CEG	D	-0.36%
EOG	A	-0.32%
MNST	C	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
AMT	D	-0.27%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
PSA	D	-0.23%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
SBAC	D	-0.16%
ESS	B	-0.16%
EXP	A	-0.16%
RGLD	C	-0.15%
GLPI	C	-0.14%