XES vs. DWSH ETF Comparison

Comparison of SPDR S&P Oil & Gas Equipment & Services ETF (XES) to AdvisorShares Dorsey Wright Short ETF (DWSH)

XES

SPDR S&P Oil & Gas Equipment & Services ETF

XES Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the oil and gas equipment and services segment of a U.S. total market composite index. In seeking to track the performance of the S&P Oil & Gas Equipment & Services Select Industry Index, the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the oil and gas equipment and services industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.59

Average Daily Volume

102,112

Number of Holdings ^*

* may have additional holdings in another (foreign) market

DWSH

AdvisorShares Dorsey Wright Short ETF

DWSH Description

The investment seeks capital appreciation through short selling securities. Dorsey, Wright & Associates, LLC (the "Sub-Advisor"), the sub-advisor to the fund, seeks to achieve the fund's investment objective by obtaining short exposure to investment returns of the broad U.S. large-capitalization equity market by engaging in short sales of U.S.-traded equity securities and exchange-traded funds ("ETFs"). Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in investments that create or result in short exposure to U.S. equity securities.

Grade (RS Rating)

Last Trade

$7.46

Average Daily Volume

41,572

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XES	DWSH
30 Days	-1.10%	3.32%
60 Days	7.55%	1.91%
90 Days	12.52%	2.05%
12 Months	22.13%	-11.24%

4 Overlapping Holdings

Symbol	Grade	Weight in XES	Weight in DWSH	Overlap
CLB	B	1.33%	-0.96%	-0.96%
PTEN	F	3.68%	-1.08%	-1.08%
RES	A	2.09%	-1.08%	-1.08%
RIG	B	4.43%	-1.13%	-1.13%

XES Overweight 28 Positions Relative to DWSH

Symbol	Grade	Weight
CHX	A	4.54%
TDW	A	4.51%
FTI	A	4.48%
NOV	B	4.25%
HAL	A	4.23%
WHD	A	4.2%
WFRD	A	4.17%
BKR	B	4.16%
AROC	A	4.14%
HP	A	4.05%
VAL	D	4.03%
SLB	D	4.01%
LBRT	A	3.92%
HLX	A	3.79%
NBR	F	3.35%
DO	B	3.08%
OII	B	3.05%
XPRO	B	2.66%
PUMP	B	2.42%
AESI	A	2.16%
SLCA	B	1.63%
TTI	B	1.11%
WTTR	A	1.09%
NR	A	0.93%
OIS	F	0.79%
DRQ	F	0.77%
BOOM	F	0.71%
VTOL	D	0.48%

XES Underweight 92 Positions Relative to DWSH

Symbol	Grade	Weight
SAGE	F	--0.56%
ZD	F	--0.65%
NWL	F	--0.67%
TECH	F	--0.68%
IART	F	--0.7%
WBA	F	--0.72%
AES	B	--0.73%
WBD	D	--0.74%
MOS	F	--0.74%
ADNT	F	--0.76%
G	D	--0.76%
VFC	F	--0.76%
ILMN	F	--0.78%
INCY	F	--0.78%
ATUS	F	--0.81%
BIIB	F	--0.82%
HAIN	F	--0.83%
WTRG	C	--0.83%
PARA	D	--0.83%
PYPL	B	--0.84%
JAZZ	F	--0.84%
NYCB	F	--0.84%
LEG	D	--0.84%
PODD	F	--0.84%
ES	A	--0.84%
CHTR	F	--0.85%
SJM	D	--0.85%
ALB	F	--0.85%
HUM	D	--0.85%
WHR	F	--0.85%
DG	D	--0.86%
CGNX	F	--0.87%
DAN	D	--0.87%
UHAL	D	--0.87%
TSLA	F	--0.87%
PAYC	D	--0.88%
UPS	D	--0.89%
ST	F	--0.89%
SBAC	D	--0.89%
PFE	F	--0.89%
IPGP	F	--0.9%
SEE	F	--0.9%
MAA	D	--0.9%
PII	F	--0.9%
BIO	F	--0.9%
FMC	D	--0.9%
HSY	F	--0.91%
OI	F	--0.91%
DXC	F	--0.92%
NEM	B	--0.92%
APD	D	--0.92%
VC	F	--0.92%
VSAT	F	--0.92%
CBRL	D	--0.92%
CHRW	D	--0.92%
CCK	B	--0.94%
CPB	A	--0.94%
BMY	F	--0.95%
CAG	A	--0.95%
WPC	C	--0.95%
MKTX	F	--0.95%
NUS	F	--0.95%
MD	F	--0.95%
VLY	C	--0.96%
ALNY	F	--0.96%
BWA	B	--0.96%
UGI	B	--0.96%
AWK	C	--0.97%
ICUI	F	--0.97%
AEE	B	--0.98%
MKC	A	--0.98%
CABO	D	--0.99%
IDA	A	--0.99%
HLF	D	--1.0%
WEN	A	--1.01%
D	A	--1.04%
NEE	A	--1.04%
K	A	--1.04%
HRL	A	--1.05%
APA	B	--1.05%
GIS	A	--1.05%
EXAS	D	--1.06%
AAP	A	--1.07%
HAS	A	--1.08%
EL	B	--1.08%
ALK	A	--1.1%
AA	A	--1.11%
ADM	B	--1.11%
BG	A	--1.13%
VAC	B	--1.13%
DVN	A	--1.18%
MPW	B	--1.41%