VCLT vs. SPLV ETF Comparison

Comparison of Vanguard Long-Term Corporate Bond ETF (VCLT) to PowerShares S&P 500 Low Volatility Portfolio ETF (SPLV)

VCLT

Vanguard Long-Term Corporate Bond ETF

VCLT Description

The investment seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund employs an indexing investment approach designed to track the performance of the Barclays U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by industrial, utility, and financial companies, with maturities greater than 10 years. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index.

Grade (RS Rating)

Last Trade

$78.22

Average Daily Volume

2,367,771

Number of Holdings ^*

339

* may have additional holdings in another (foreign) market

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

$74.11

Average Daily Volume

1,596,980

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	VCLT	SPLV
30 Days	1.41%	3.97%
60 Days	-2.70%	4.26%
90 Days	-1.37%	5.94%
12 Months	11.25%	22.91%

89 Overlapping Holdings

Symbol	Grade	Weight in VCLT	Weight in SPLV	Overlap
ABBV	D	0.03%	0.0%	0.0%
ABT	B	0.03%	0.98%	0.03%
AEP	D	0.01%	0.91%	0.01%
AFL	B	0.02%	0.0%	0.0%
AIG	B	0.01%	0.0%	0.0%
AJG	A	0.02%	0.94%	0.02%
ATO	A	0.01%	1.21%	0.01%
AVB	B	0.01%	0.92%	0.01%
AVY	D	0.02%	0.92%	0.02%
BSX	C	0.01%	1.07%	0.01%
CB	D	0.03%	1.02%	0.03%
CHD	B	0.02%	1.07%	0.02%
CL	D	0.02%	1.23%	0.02%
CME	A	0.03%	1.04%	0.03%
CMS	C	0.01%	1.03%	0.01%
COST	B	0.06%	0.02%	0.02%
CSCO	A	0.07%	0.0%	0.0%
CSX	B	0.01%	0.85%	0.01%
CVX	B	0.02%	0.93%	0.02%
DRI	B	0.01%	0.0%	0.0%
DTE	C	0.01%	0.9%	0.01%
DUK	C	0.01%	1.07%	0.01%
EA	C	0.01%	1.03%	0.01%
ECL	D	0.02%	0.91%	0.02%
ED	D	0.01%	1.0%	0.01%
EIX	A	0.01%	0.96%	0.01%
ETR	B	0.01%	0.0%	0.0%
EVRG	A	0.01%	1.02%	0.01%
FE	D	0.02%	1.05%	0.02%
FRT	A	0.01%	0.89%	0.01%
GD	F	0.01%	1.03%	0.01%
GIS	D	0.01%	0.88%	0.01%
HIG	B	0.01%	0.91%	0.01%
HON	B	0.01%	1.11%	0.01%
ICE	D	0.02%	1.06%	0.02%
ITW	A	0.03%	1.09%	0.03%
JNJ	D	0.02%	1.11%	0.02%
JPM	B	0.01%	0.01%	0.01%
KDP	D	0.01%	0.97%	0.01%
KMB	C	0.01%	0.99%	0.01%
KMI	B	0.01%	1.07%	0.01%
KO	D	0.01%	1.37%	0.01%
L	B	0.04%	1.15%	0.04%
LHX	C	0.02%	0.9%	0.02%
LIN	D	0.04%	1.08%	0.04%
LMT	D	0.01%	1.04%	0.01%
LNT	A	0.01%	1.05%	0.01%
LYB	F	0.01%	0.9%	0.01%
MA	B	0.02%	1.13%	0.02%
MCD	D	0.01%	0.97%	0.01%
MDLZ	F	0.03%	1.0%	0.03%
MDT	D	0.08%	0.92%	0.08%
MET	A	0.02%	0.0%	0.0%
MMC	A	0.01%	1.17%	0.01%
MO	A	0.01%	0.94%	0.01%
MSI	C	0.02%	1.08%	0.02%
NDAQ	A	0.02%	0.93%	0.02%
NI	A	0.02%	1.09%	0.02%
NOC	D	0.02%	0.92%	0.02%
O	D	0.02%	0.93%	0.02%
OKE	C	0.01%	0.99%	0.01%
OTIS	C	0.02%	0.94%	0.02%
PCG	B	0.01%	0.92%	0.01%
PEG	A	0.01%	1.03%	0.01%
PEP	F	0.02%	1.04%	0.02%
PG	A	0.01%	1.22%	0.01%
PKG	B	0.03%	0.89%	0.03%
PM	B	0.02%	0.96%	0.02%
PNW	B	0.01%	0.9%	0.01%
PPL	B	0.01%	1.09%	0.01%
PRU	A	0.01%	0.0%	0.0%
REG	B	0.01%	0.92%	0.01%
RSG	A	0.01%	1.22%	0.01%
RTX	D	0.02%	0.99%	0.02%
SO	D	0.01%	1.0%	0.01%
SPGI	C	0.03%	1.01%	0.03%
SRE	A	0.01%	1.02%	0.01%
STZ	D	0.02%	0.95%	0.02%
SYK	C	0.02%	0.97%	0.02%
SYY	C	0.01%	0.9%	0.01%
TJX	A	0.04%	1.03%	0.04%
TMUS	A	0.03%	1.17%	0.03%
UNP	C	0.01%	0.91%	0.01%
V	A	0.02%	1.1%	0.02%
WEC	A	0.01%	0.97%	0.01%
WELL	C	0.01%	0.94%	0.01%
WM	A	0.03%	0.97%	0.03%
WMB	B	0.01%	0.98%	0.01%
WMT	B	0.02%	0.92%	0.02%

VCLT Overweight 250 Positions Relative to SPLV

Symbol	Grade	Weight
WIT	A	0.21%
DELL	C	0.11%
EQH	B	0.09%
FITB	B	0.07%
WY	D	0.07%
FOXA	C	0.07%
DD	D	0.07%
AXP	A	0.06%
HPQ	B	0.06%
HCA	F	0.06%
CARR	C	0.06%
CAG	D	0.05%
SCCO	F	0.05%
BIIB	F	0.05%
TAP	C	0.05%
CRM	B	0.05%
MS	B	0.05%
AMZN	C	0.05%
WBA	D	0.04%
NXPI	D	0.04%
DT	C	0.04%
BHF	B	0.04%
GPN	C	0.04%
JNPR	F	0.04%
NEM	F	0.04%
HPE	B	0.04%
GOOGL	C	0.04%
BHP	F	0.04%
AVGO	D	0.04%
ORCL	C	0.04%
AAPL	B	0.04%
ORI	A	0.03%
FTV	B	0.03%
FANG	F	0.03%
CFG	B	0.03%
AAL	B	0.03%
STE	F	0.03%
WU	D	0.03%
WEST	C	0.03%
NOV	C	0.03%
MLM	B	0.03%
OHI	D	0.03%
LH	B	0.03%
LEA	F	0.03%
DG	F	0.03%
CPT	B	0.03%
PYPL	A	0.03%
RPM	A	0.03%
CF	B	0.03%
RPRX	D	0.03%
APD	A	0.03%
AMT	D	0.03%
AMAT	F	0.03%
EBAY	C	0.03%
DVN	F	0.03%
MAR	A	0.03%
VLO	C	0.03%
RJF	A	0.03%
NVDA	C	0.03%
MUFG	B	0.03%
VTRS	B	0.03%
PSX	C	0.03%
MPLX	B	0.03%
ALLY	C	0.03%
INTC	C	0.03%
CHTR	C	0.03%
BMY	B	0.03%
WPC	D	0.02%
PWR	A	0.02%
PECO	B	0.02%
SCHW	A	0.02%
REGN	F	0.02%
ZBH	C	0.02%
STLD	B	0.02%
FMC	D	0.02%
BAX	F	0.02%
CMI	A	0.02%
CINF	A	0.02%
OGS	A	0.02%
IVZ	B	0.02%
HRL	D	0.02%
HOG	F	0.02%
SBRA	B	0.02%
TEL	B	0.02%
AFG	A	0.02%
CPB	D	0.02%
VMI	A	0.02%
XYL	D	0.02%
WTRG	B	0.02%
WHR	B	0.02%
KSS	F	0.02%
MKC	D	0.02%
NWE	A	0.02%
K	A	0.02%
PAA	B	0.02%
LRCX	F	0.02%
GWW	A	0.02%
KLAC	F	0.02%
EMN	D	0.02%
ADI	D	0.02%
ROK	B	0.02%
PH	A	0.02%
MOS	F	0.02%
LNC	B	0.02%
FIS	D	0.02%
VRSK	A	0.02%
EG	C	0.02%
ES	D	0.02%
MCO	A	0.02%
CCI	D	0.02%
CP	D	0.02%
TXN	D	0.02%
SWK	D	0.02%
DHR	D	0.02%
DE	B	0.02%
TGT	F	0.02%
HES	C	0.02%
DOW	F	0.02%
UPS	C	0.02%
TSN	B	0.02%
MPC	F	0.02%
HAL	C	0.02%
EPD	B	0.02%
QCOM	F	0.02%
IBM	C	0.02%
GILD	B	0.02%
CI	D	0.02%
COP	D	0.02%
PFE	D	0.02%
XOM	C	0.02%
AZN	F	0.02%
HSBC	B	0.02%
VOD	D	0.02%
GSK	F	0.02%
BAC	A	0.02%
GE	D	0.02%
HIW	D	0.01%
AGO	A	0.01%
AMH	C	0.01%
EXR	C	0.01%
BXP	D	0.01%
BWA	C	0.01%
AVA	B	0.01%
APTV	F	0.01%
ALB	C	0.01%
INGR	B	0.01%
IDA	B	0.01%
EMR	A	0.01%
MAA	B	0.01%
LXP	D	0.01%
OPI	F	0.01%
JD	D	0.01%
SIGI	B	0.01%
DOC	C	0.01%
ADC	B	0.01%
BEN	C	0.01%
CACC	D	0.01%
FNF	B	0.01%
AES	F	0.01%
PHM	C	0.01%
PFG	C	0.01%
VTR	D	0.01%
OGE	A	0.01%
ESS	B	0.01%
MAS	C	0.01%
RF	B	0.01%
EE	B	0.01%
BKH	B	0.01%
SWX	B	0.01%
VOYA	B	0.01%
SNA	A	0.01%
DOV	A	0.01%
KRC	C	0.01%
EQIX	A	0.01%
KIM	A	0.01%
UDR	B	0.01%
TT	B	0.01%
UAL	B	0.01%
MKL	A	0.01%
HSY	F	0.01%
IPG	C	0.01%
KOF	F	0.01%
EOG	C	0.01%
CAH	B	0.01%
WRB	A	0.01%
PLD	D	0.01%
SJM	D	0.01%
JEF	A	0.01%
IFF	D	0.01%
HAS	D	0.01%
ETN	A	0.01%
AWK	D	0.01%
UNM	A	0.01%
EQR	B	0.01%
AEE	A	0.01%
AON	A	0.01%
ZTS	D	0.01%
PGR	A	0.01%
VMC	B	0.01%
NNN	D	0.01%
NEE	D	0.01%
NUE	D	0.01%
HUM	C	0.01%
EXC	D	0.01%
CNP	A	0.01%
OC	B	0.01%
ACGL	D	0.01%
XEL	A	0.01%
SPG	C	0.01%
WLK	D	0.01%
GLW	B	0.01%
JCI	C	0.01%
EL	F	0.01%
ALL	B	0.01%
TRV	B	0.01%
TMO	F	0.01%
LLY	F	0.01%
JBLU	F	0.01%
KR	A	0.01%
FDX	B	0.01%
D	C	0.01%
ADM	F	0.01%
ARE	D	0.01%
SBUX	B	0.01%
IP	B	0.01%
SHW	A	0.01%
MRO	B	0.01%
NSC	A	0.01%
LOW	C	0.01%
GM	B	0.01%
CAT	B	0.01%
ET	B	0.01%
MMM	D	0.01%
NKE	F	0.01%
MRK	F	0.01%
UNH	B	0.01%
DIS	B	0.01%
BABA	D	0.01%
BDX	F	0.01%
C	A	0.01%
HD	A	0.01%
AMGN	D	0.01%
CMCSA	C	0.01%
VZ	B	0.01%
WFC	A	0.01%
BA	D	0.01%
MSFT	D	0.01%
T	A	0.01%
GS	B	0.01%
CVS	D	0.01%

VCLT Underweight 25 Positions Relative to SPLV

Symbol	Grade	Weight
BRK.A	B	-1.31%
ADP	B	-1.11%
FI	A	-1.08%
YUM	B	-1.07%
WTW	B	-1.0%
COR	C	-0.99%
BK	A	-0.99%
BR	A	-0.98%
ROP	B	-0.98%
HOLX	D	-0.96%
AMP	B	-0.94%
CTAS	B	-0.94%
HLT	A	-0.94%
VRSN	F	-0.93%
PPG	D	-0.93%
VICI	C	-0.92%
BRO	B	-0.92%
ORLY	B	-0.91%
JKHY	D	-0.89%
PAYX	B	-0.87%
LDOS	D	-0.73%
MCK	C	-0.02%
CBOE	B	-0.0%
AME	A	-0.0%
DGX	B	-0.0%