VFH vs. PKW ETF Comparison

Comparison of Vanguard Financials ETF - DNQ (VFH) to PowerShares Buyback Achievers (PKW)

VFH

Vanguard Financials ETF - DNQ

VFH Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the financials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$101.28

Average Daily Volume

364,394

Number of Holdings ^*

372

* may have additional holdings in another (foreign) market

PKW

PowerShares Buyback Achievers

PKW Description

The PowerShares Buyback AchieversTM Portfolio (Fund) is based on the NASDAQ US Buyback AchieversTM Index (Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Index is designed to track the performance of companies that meet the requirements to be classified as BuyBack Achievers™. To become eligible for inclusion in the Index, a company must be incorporated in the U.S., trade on a US exchange and must have repurchased at least 5% or more of its outstanding shares for the trailing 12 months. The Fund and the Index are reconstituted annually in January and rebalanced quarterly in January, April, July and October. Effective December 28, 2012, the NADAQ OMX Group, Inc. replaced Mergent, Inc., as the Index Provider of the Index. Effective February 25, 2013, the name of the Index changed from Share Buyback Achievers Index to NASDAQ Buyback Achievers Index. There will be no change to the methodology by which NASDAQ OMX Group, Inc., the Index Provider, calculates the Index. Please see the Fund’s prospectus supplement for more information. On February 25, 2013, NASDAQ took the place of the NYSE as the official Index data source.

Grade (RS Rating)

Last Trade

$105.05

Average Daily Volume

18,922

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	VFH	PKW
30 Days	0.52%	-1.22%
60 Days	2.79%	1.52%
90 Days	7.31%	4.76%
12 Months	35.67%	26.63%

37 Overlapping Holdings

Symbol	Grade	Weight in VFH	Weight in PKW	Overlap
AFL	A	0.7%	1.82%	0.7%
AIG	A	0.81%	1.93%	0.81%
AMG	D	0.08%	0.19%	0.08%
BHF	D	0.05%	0.11%	0.05%
CASH	B	0.02%	0.05%	0.02%
CFG	A	0.25%	0.59%	0.25%
CNNE	D	0.02%	0.05%	0.02%
COOP	A	0.08%	0.19%	0.08%
DFS	C	0.48%	1.16%	0.48%
EEFT	C	0.07%	0.18%	0.07%
EGBN	F	0.01%	0.02%	0.01%
EIG	D	0.02%	0.04%	0.02%
ENVA	C	0.03%	0.06%	0.03%
EQH	A	0.19%	0.48%	0.19%
FBP	A	0.04%	0.11%	0.04%
GNW	B	0.04%	0.1%	0.04%
HIG	C	0.46%	1.08%	0.46%
HONE	B	0.01%	0.02%	0.01%
IMXI	D	0.01%	0.03%	0.01%
JEF	B	0.11%	0.34%	0.11%
L	A	0.22%	0.63%	0.22%
LPRO	F	0.01%	0.02%	0.01%
MET	C	0.69%	1.94%	0.69%
MTG	B	0.09%	0.21%	0.09%
NAVI	F	0.02%	0.06%	0.02%
NFBK	D	0.01%	0.01%	0.01%
ORI	A	0.12%	0.31%	0.12%
PRA	C	0.01%	0.03%	0.01%
PRG	B	0.02%	0.05%	0.02%
PRI	D	0.13%	0.28%	0.13%
PYPL	C	1.01%	2.65%	1.01%
SBSI	D	0.01%	0.03%	0.01%
SLM	B	0.07%	0.17%	0.07%
STT	C	0.35%	0.82%	0.35%
SYF	B	0.26%	0.67%	0.26%
VIRT	B	0.03%	0.07%	0.03%
WU	C	0.08%	0.17%	0.08%

VFH Overweight 335 Positions Relative to PKW

Symbol	Grade	Weight
JPM	B	8.54%
BRK.A	D	8.12%
MA	D	5.94%
V	C	5.69%
BAC	B	3.98%
WFC	A	3.1%
SPGI	C	2.03%
GS	A	2.01%
AXP	A	1.96%
BLK	D	1.83%
PGR	A	1.78%
C	A	1.77%
MS	A	1.71%
SCHW	A	1.61%
CB	C	1.56%
MMC	C	1.5%
BX	D	1.38%
ICE	C	1.16%
CME	C	1.14%
USB	D	1.03%
AON	F	0.98%
PNC	B	0.95%
MCO	C	0.95%
KKR	C	0.85%
COF	B	0.84%
AJG	C	0.8%
TFC	B	0.77%
TRV	D	0.77%
SQ	D	0.69%
COIN	D	0.68%
ALL	B	0.67%
APO	C	0.66%
FIS	C	0.65%
MSCI	D	0.65%
AMP	C	0.65%
BK	A	0.64%
PRU	A	0.62%
GPN	F	0.51%
WTW	D	0.42%
TROW	D	0.4%
RJF	C	0.38%
FITB	A	0.37%
MTB	A	0.36%
ARES	A	0.33%
NDAQ	D	0.32%
BRO	C	0.31%
MKL	A	0.3%
HBAN	A	0.3%
PFG	C	0.3%
CBOE	C	0.29%
CINF	D	0.29%
RF	B	0.29%
LPLA	B	0.29%
WRB	D	0.27%
NTRS	C	0.27%
ACGL	A	0.26%
EG	C	0.25%
FDS	D	0.25%
FCNCA	B	0.24%
KEY	C	0.22%
FNF	B	0.2%
JKHY	D	0.19%
RGA	A	0.19%
RNR	C	0.18%
IBKR	B	0.17%
TW	A	0.17%
KNSL	D	0.17%
GL	F	0.16%
ALLY	B	0.16%
EWBC	A	0.16%
AIZ	D	0.15%
CG	D	0.15%
WEX	D	0.15%
ERIE	C	0.15%
UNM	B	0.15%
AFG	C	0.14%
TOST	A	0.13%
FHN	A	0.13%
WBS	D	0.13%
MORN	D	0.12%
SF	A	0.12%
SEIC	C	0.12%
AFRM	D	0.12%
HOOD	C	0.12%
MKTX	F	0.12%
BEN	F	0.12%
CRBG	A	0.11%
CMA	B	0.11%
VOYA	B	0.11%
OWL	B	0.11%
ZION	B	0.1%
SSB	D	0.1%
PNFP	C	0.1%
CBSH	A	0.1%
AGNC	C	0.1%
SIGI	F	0.1%
WAL	B	0.1%
HLI	A	0.1%
SOFI	F	0.1%
CFR	D	0.1%
EVR	C	0.1%
OMF	B	0.09%
SNV	C	0.09%
RLI	A	0.09%
PB	B	0.09%
FAF	D	0.09%
ESNT	C	0.09%
BPOP	A	0.09%
STWD	C	0.09%
WTFC	B	0.09%
RDN	C	0.08%
AXS	A	0.08%
CADE	B	0.08%
LNC	C	0.08%
RYAN	D	0.08%
IVZ	D	0.08%
FFIN	C	0.07%
GBCI	C	0.07%
WTM	A	0.07%
HOMB	B	0.07%
AGO	D	0.07%
JXN	A	0.07%
UBSI	D	0.07%
THG	A	0.07%
OZK	B	0.07%
FNB	A	0.07%
ONB	A	0.07%
ESGR	B	0.06%
MC	C	0.06%
CACC	D	0.06%
PFSI	B	0.06%
HLNE	B	0.06%
KMPR	B	0.06%
HWC	B	0.06%
UMBF	C	0.06%
COLB	C	0.06%
JHG	A	0.06%
CNO	B	0.05%
UCBI	B	0.05%
APAM	C	0.05%
ABCB	B	0.05%
IBOC	A	0.05%
HASI	A	0.05%
ASB	A	0.05%
BXMT	D	0.05%
FOUR	F	0.05%
WD	B	0.05%
SFBS	C	0.05%
VLY	F	0.05%
TPG	D	0.05%
PIPR	A	0.05%
AEL	A	0.05%
MQ	D	0.04%
SFNC	D	0.04%
ABR	B	0.04%
BOH	D	0.04%
CVBF	C	0.04%
NMIH	A	0.04%
CBU	B	0.04%
FULT	A	0.04%
FIBK	B	0.04%
EVTC	F	0.04%
CATY	D	0.04%
AUB	C	0.04%
FLYW	F	0.04%
BOKF	A	0.04%
WSFS	B	0.04%
FHB	B	0.04%
BGC	A	0.04%
TCBI	B	0.04%
FHI	D	0.04%
AX	A	0.04%
OFG	A	0.03%
IBTX	C	0.03%
LKFN	D	0.03%
NBTB	B	0.03%
BRP	B	0.03%
RNST	C	0.03%
WSBC	C	0.03%
RKT	B	0.03%
STC	B	0.03%
TBBK	D	0.03%
VRTS	C	0.03%
STEP	B	0.03%
AGM	C	0.03%
BANF	B	0.03%
UPST	F	0.03%
SNEX	A	0.03%
OSCR	A	0.03%
TOWN	B	0.03%
WAFD	B	0.03%
FRME	B	0.03%
CNS	D	0.03%
BKU	B	0.03%
PLMR	A	0.03%
FFBC	B	0.03%
PRK	A	0.03%
SBCF	C	0.03%
PJT	B	0.03%
BANC	C	0.03%
EBC	B	0.03%
INDB	C	0.03%
PPBI	C	0.03%
NYCB	D	0.03%
CIM	F	0.02%
BHLB	B	0.02%
GABC	D	0.02%
QCRH	C	0.02%
SASR	B	0.02%
NWLI	A	0.02%
PFS	B	0.02%
SKWD	C	0.02%
ECPG	D	0.02%
CMTG	F	0.02%
VBTX	B	0.02%
NIC	D	0.02%
TCBK	B	0.02%
STBA	B	0.02%
SAFT	B	0.02%
PMT	B	0.02%
FRHC	F	0.02%
BUSE	B	0.02%
LADR	B	0.02%
SPNT	C	0.02%
WABC	B	0.02%
SYBT	B	0.02%
NBHC	C	0.02%
LOB	D	0.02%
HOPE	D	0.02%
NATL	B	0.02%
VCTR	A	0.02%
NWBI	C	0.02%
FBK	B	0.02%
HTLF	A	0.02%
MCY	A	0.02%
FCF	B	0.02%
GSHD	F	0.02%
FBNC	D	0.02%
ARI	F	0.02%
NNI	B	0.02%
RC	D	0.02%
EFSC	B	0.02%
HMN	A	0.02%
HTH	B	0.02%
CHCO	B	0.02%
CUBI	D	0.02%
DFIN	B	0.02%
TRMK	A	0.02%
CODI	D	0.02%
BANR	B	0.02%
JRVR	D	0.01%
ACRE	F	0.01%
RILY	C	0.01%
CSTR	A	0.01%
MCB	B	0.01%
FFWM	F	0.01%
PAY	D	0.01%
PGC	D	0.01%
KRNY	F	0.01%
AMAL	B	0.01%
CCB	B	0.01%
TRTX	A	0.01%
AROW	C	0.01%
THFF	B	0.01%
SMBC	D	0.01%
GDOT	C	0.01%
WASH	B	0.01%
UFCS	B	0.01%
MCBS	B	0.01%
CATC	B	0.01%
DHIL	C	0.01%
HAFC	B	0.01%
TREE	B	0.01%
CAC	B	0.01%
WRLD	B	0.01%
CLBK	F	0.01%
HTBK	D	0.01%
IIIV	B	0.01%
MSBI	D	0.01%
GSBC	B	0.01%
CPF	B	0.01%
TRST	B	0.01%
HBNC	B	0.01%
NRDS	D	0.01%
AMRK	B	0.01%
FCBC	B	0.01%
MBWM	B	0.01%
KREF	F	0.01%
CFB	C	0.01%
OSBC	B	0.01%
UVSP	A	0.01%
TMP	D	0.01%
CASS	D	0.01%
CTBI	B	0.01%
BY	B	0.01%
DCOM	C	0.01%
HFWA	B	0.01%
AMTB	B	0.01%
FMBH	B	0.01%
FBMS	D	0.01%
PFC	B	0.01%
RWT	C	0.01%
CNOB	C	0.01%
DX	C	0.01%
BSIG	D	0.01%
LBAI	B	0.01%
MBIN	B	0.01%
BFC	C	0.01%
CFFN	D	0.01%
HCI	B	0.01%
LMND	C	0.01%
RPAY	B	0.01%
EFC	B	0.01%
BRKL	D	0.01%
TRUP	F	0.01%
BRSP	F	0.01%
OBK	B	0.01%
LC	B	0.01%
PRAA	C	0.01%
AMSF	D	0.01%
SRCE	B	0.01%
OCFC	B	0.01%
PEBO	B	0.01%
PFBC	A	0.01%
AC	F	0.0%
GHLD	D	0.0%
HGTY	B	0.0%
DGICA	F	0.0%
BMRC	D	0.0%
HIFS	C	0.0%
HMST	D	0.0%
CARE	B	0.0%
SMBK	C	0.0%
FFIC	D	0.0%
PX	F	0.0%

VFH Underweight 160 Positions Relative to PKW

Symbol	Grade	Weight
TMUS	B	-5.38%
JNJ	F	-5.07%
CMCSA	D	-4.68%
BKNG	B	-4.36%
LMT	A	-4.15%
DE	B	-4.03%
HCA	D	-3.06%
MCK	B	-2.61%
MAR	D	-2.52%
CSX	D	-2.43%
MPC	D	-2.41%
PSX	D	-2.24%
ORLY	D	-2.22%
VLO	D	-1.92%
AZO	D	-1.91%
HLT	D	-1.86%
CNC	C	-1.44%
VRSK	B	-1.25%
DD	A	-1.22%
VST	B	-1.0%
CAH	F	-0.93%
PHM	B	-0.89%
BLDR	D	-0.84%
STLD	D	-0.77%
APP	B	-0.71%
CSL	A	-0.69%
EXPE	F	-0.65%
GDDY	A	-0.65%
TXT	D	-0.61%
EXPD	D	-0.6%
MRO	D	-0.56%
TOL	B	-0.47%
MGM	F	-0.47%
WMS	C	-0.46%
THC	A	-0.43%
BRKR	D	-0.41%
CNM	A	-0.41%
DINO	D	-0.4%
PAG	F	-0.38%
CACI	A	-0.34%
EXP	A	-0.33%
MUSA	D	-0.32%
FOXA	B	-0.28%
MTN	F	-0.27%
WSC	D	-0.26%
HRB	B	-0.25%
BERY	D	-0.25%
ARW	B	-0.25%
AN	B	-0.25%
ATKR	D	-0.24%
PVH	D	-0.24%
OLN	D	-0.23%
CHH	F	-0.22%
WH	F	-0.22%
VVV	D	-0.21%
NSIT	A	-0.21%
NXST	C	-0.2%
R	A	-0.2%
SM	B	-0.2%
BC	D	-0.2%
KBH	B	-0.19%
BYD	F	-0.19%
TNET	F	-0.19%
DDS	C	-0.19%
ASH	A	-0.18%
WIRE	B	-0.17%
ASGN	D	-0.17%
RH	D	-0.17%
AMR	D	-0.16%
ASO	F	-0.16%
ABG	C	-0.16%
HGV	D	-0.16%
GPI	B	-0.15%
CPRI	F	-0.15%
HUN	C	-0.15%
MATX	B	-0.14%
HP	F	-0.14%
GOLF	D	-0.14%
VAC	D	-0.13%
CAR	D	-0.13%
PK	D	-0.13%
GFF	C	-0.13%
DXC	F	-0.13%
CNX	B	-0.13%
LBRT	B	-0.13%
CRC	F	-0.13%
TNL	D	-0.12%
SEB	C	-0.12%
DOCN	D	-0.12%
NSA	D	-0.11%
AZTA	D	-0.11%
SKYW	B	-0.11%
CVCO	D	-0.11%
SLVM	A	-0.1%
BTU	F	-0.1%
IART	F	-0.09%
CEIX	D	-0.09%
TGNA	D	-0.09%
SPB	C	-0.09%
IDCC	B	-0.09%
CARG	D	-0.08%
PLAY	D	-0.08%
DEI	B	-0.08%
AMN	C	-0.08%
ODP	F	-0.07%
FUN	C	-0.07%
ATGE	A	-0.07%
PZZA	F	-0.07%
GBX	B	-0.06%
XRX	F	-0.06%
HURN	F	-0.06%
DK	D	-0.06%
PEB	F	-0.06%
CGEM	B	-0.05%
LILAK	B	-0.05%
SAH	B	-0.05%
JBGS	F	-0.05%
CSGS	F	-0.05%
HTZ	F	-0.05%
XHR	D	-0.05%
INVA	B	-0.04%
SCHL	F	-0.04%
HIBB	A	-0.04%
JACK	F	-0.04%
ECVT	D	-0.04%
ANAB	B	-0.03%
SNCY	F	-0.03%
KELYA	D	-0.03%
STGW	B	-0.03%
ZIP	F	-0.03%
DXPE	B	-0.03%
ATSG	C	-0.03%
RYI	F	-0.03%
OPY	A	-0.02%
DENN	F	-0.02%
TBPH	C	-0.02%
OSG	A	-0.02%
DBI	D	-0.02%
LQDT	C	-0.02%
FPI	C	-0.02%
CHGG	F	-0.02%
NR	C	-0.02%
HCKT	F	-0.02%
LXU	C	-0.02%
CCRN	F	-0.02%
MX	F	-0.01%
TASK	B	-0.01%
NECB	B	-0.01%
WSBF	B	-0.01%
RLGT	F	-0.01%
SOI	B	-0.01%
LOCO	B	-0.01%
ONTF	F	-0.01%
GCO	F	-0.01%
LWAY	B	-0.01%
SENEA	A	-0.01%
MBI	B	-0.01%
LSEA	F	-0.01%
ZYXI	D	-0.01%
SKIN	F	-0.01%