VWO vs. PXH ETF Comparison

Comparison of Vanguard FTSE Emerging Markets ETF (VWO) to PowerShares FTSE RAFI Emerging Markets Portfolio (PXH)

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$44.55

Average Daily Volume

9,361,138

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PXH

PowerShares FTSE RAFI Emerging Markets Portfolio

PXH Description

The PowerShares FTSE RAFI Emerging Markets Portfolio (Fund) is based on the FTSE RAFI Emerging Markets Index ND (Index). The Fund will normally invest at least 90% of its total assets in securities that comprise the Index and American Depository Receipts (ADRs) based on the securities in the Index. The Index is designed to track the performance of the largest Emerging Market equities, selected based on the following four fundamental measures of firm size: book value, cash flow, sales and dividends. The equities with the highest fundamental strength are weighted according to their fundamental scores. The Index is computed using the net return, which withholds applicable taxes for non-resident investors. The Fund and the Index are reconstituted annually.

Grade (RS Rating)

Last Trade

$21.28

Average Daily Volume

186,617

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VWO	PXH
30 Days	9.54%	11.44%
60 Days	6.95%	9.89%
90 Days	8.89%	11.00%
12 Months	16.37%	20.97%

23 Overlapping Holdings

Symbol	Grade	Weight in VWO	Weight in PXH	Overlap
ABEV	F	0.13%	0.24%	0.13%
ASAI	F	0.11%	0.08%	0.08%
BABA	B	2.0%	4.24%	2.0%
BCH	A	0.06%	0.09%	0.06%
BEKE	B	0.12%	0.15%	0.12%
BIDU	C	0.36%	0.73%	0.36%
CHT	D	0.13%	0.22%	0.13%
CHT	D	0.05%	0.22%	0.05%
CSAN	F	0.04%	0.07%	0.04%
ERJ	C	0.05%	0.11%	0.05%
GGB	C	0.05%	0.3%	0.05%
HDB	D	1.28%	0.74%	0.74%
IBN	C	0.42%	0.17%	0.17%
PDD	B	0.95%	0.18%	0.18%
SBSW	D	0.04%	0.35%	0.04%
TCOM	A	0.32%	0.31%	0.31%
TME	B	0.1%	0.1%	0.1%
UMC	C	0.17%	0.49%	0.17%
UMC	C	0.06%	0.49%	0.06%
VALE	C	0.58%	2.44%	0.58%
VIPS	D	0.06%	0.18%	0.06%
WIT	D	0.08%	0.07%	0.07%
YUMC	F	0.16%	0.23%	0.16%

VWO Overweight 10 Positions Relative to PXH

Symbol	Grade	Weight
TSM	B	0.24%
LI	F	0.18%
BGNE	C	0.1%
NIO	D	0.08%
BZ	B	0.08%
XPEV	F	0.07%
YMM	C	0.07%
ITUB	D	0.07%
TAL	B	0.06%
BILI	C	0.04%

VWO Underweight 5 Positions Relative to PXH

Symbol	Grade	Weight
BRFS	B	-0.13%
QFIN	B	-0.11%
JKS	D	-0.1%
DQ	F	-0.09%
CSIQ	F	-0.06%