VRP vs. PFFV ETF Comparison

Comparison of PowerShares Variable Rate Preferred Portfolio (VRP) to Global X Variable Rate Preferred ETF (PFFV)

VRP

PowerShares Variable Rate Preferred Portfolio

VRP Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the Wells FargoÂ® Hybrid and Preferred Securities Floating and Variable Rate Index. The index is a market capitalization-weighted index designed to track the performance of preferred stock, as well as certain types of "hybrid securities" that are functionally equivalent to preferred stocks, that are issued by US-based or foreign issuers and that pay a floating or variable rate dividend or coupon. The fund generally will invest at least 90% of its total assets in the securities that comprise the index. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.83

Average Daily Volume

362,291

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PFFV

Global X Variable Rate Preferred ETF

PFFV Description

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the ICE U.S. Variable Rate Preferred Securities Index. The fund invests at least 80% of its total assets, plus borrowings for investments purposes (if any), in the securities of the underlying index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the underlying index. The underlying index is designed to track the broad-based performance of the U.S.-listed variable rate preferred securities market. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.50

Average Daily Volume

58,718

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VRP	PFFV
30 Days	1.24%	0.73%
60 Days	1.61%	-0.13%
90 Days	3.01%	-0.21%
12 Months	18.07%	10.02%

11 Overlapping Holdings

Symbol	Grade	Weight in VRP	Weight in PFFV	Overlap
AGNCN	A	0.15%	1.43%	0.15%
CHSCN	C	0.2%	1.8%	0.2%
ESGRP	D	0.19%	1.75%	0.19%
FITBI	A	0.21%	1.96%	0.21%
NSS	B	0.19%	1.6%	0.19%
RZB	B	0.19%	1.63%	0.19%
TVE	C	0.08%	0.73%	0.08%
VLYPO	A	0.04%	0.42%	0.04%
VLYPP	A	0.05%	0.43%	0.05%
WTFCP	A	0.13%	1.2%	0.13%
ZIONO	B	0.07%	0.6%	0.07%

VRP Overweight 8 Positions Relative to PFFV

Symbol	Grade	Weight
AGNC	A	0.25%
CHSCM	B	0.23%
AQNB	A	0.16%
TVC	D	0.1%
NYMTM	A	0.08%
NYMTN	D	0.06%
NYMTL	B	0.05%
WTFCM	A	0.05%

VRP Underweight 2 Positions Relative to PFFV

	Symbol	Grade	Weight
	RZC	C	-3.05%
	SLMBP	B	-0.79%