XLF vs. ACWV ETF Comparison

Comparison of SPDR Select Sector Fund - Financial (XLF) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

XLF

SPDR Select Sector Fund - Financial

XLF Description

The investment seeks investment results that, before expenses, correspond to the price and yield performance of publicly traded equity securities of companies in The Financial Select Sector Index. In seeking to track the performance of the index, the fund employs a replication strategy. It generally invests substantially all, but at least 95%, of its total assets in the securities comprising the index. The index includes companies from the following industries: diversified financial services; insurance; commercial banks; capital markets; REITs; consumer finance; thrifts & mortgage finance; and real estate management & development. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$45.15

Average Daily Volume

37,093,780

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.72

Average Daily Volume

151,492

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

Performance

Period	XLF	ACWV
30 Days	0.90%	1.57%
60 Days	4.53%	6.36%
90 Days	10.23%	9.63%
12 Months	37.06%	22.70%

19 Overlapping Holdings

Symbol	Grade	Weight in XLF	Weight in ACWV	Overlap
ACGL	B	0.66%	0.64%	0.64%
AIZ	B	0.16%	0.11%	0.11%
AJG	D	0.97%	0.32%	0.32%
AON	B	1.19%	0.33%	0.33%
BRK.A	C	13.18%	0.89%	0.89%
BRO	C	0.38%	0.27%	0.27%
CB	B	1.87%	0.89%	0.89%
CBOE	C	0.34%	0.56%	0.34%
CME	B	1.22%	0.22%	0.22%
EG	B	0.27%	0.1%	0.1%
JKHY	B	0.2%	0.2%	0.2%
L	D	0.23%	0.38%	0.23%
MA	B	6.41%	0.18%	0.18%
MMC	C	1.76%	0.89%	0.89%
PGR	C	2.37%	0.83%	0.83%
TRV	C	0.86%	0.29%	0.29%
V	C	7.12%	0.54%	0.54%
WRB	D	0.28%	0.39%	0.28%
WTW	B	0.47%	0.09%	0.09%

XLF Overweight 51 Positions Relative to ACWV

Symbol	Grade	Weight
JPM	D	9.58%
BAC	D	4.4%
WFC	D	3.08%
SPGI	C	2.66%
GS	B	2.57%
AXP	B	2.42%
BLK	B	2.07%
MS	B	2.0%
C	C	1.91%
BX	C	1.81%
SCHW	D	1.54%
ICE	C	1.44%
KKR	B	1.4%
PYPL	B	1.28%
MCO	C	1.22%
PNC	C	1.18%
USB	C	1.15%
COF	B	0.92%
TFC	D	0.91%
AFL	A	0.88%
BK	B	0.85%
ALL	C	0.79%
MET	B	0.77%
AIG	D	0.77%
FIS	C	0.74%
AMP	B	0.73%
MSCI	C	0.7%
PRU	C	0.69%
DFS	C	0.57%
HIG	B	0.54%
NDAQ	C	0.49%
FITB	B	0.47%
MTB	C	0.47%
GPN	D	0.46%
STT	B	0.43%
TROW	C	0.39%
RJF	C	0.37%
CPAY	B	0.35%
CINF	C	0.34%
RF	B	0.34%
HBAN	B	0.34%
SYF	C	0.32%
NTRS	C	0.3%
CFG	D	0.3%
PFG	B	0.29%
FDS	C	0.28%
KEY	C	0.26%
MKTX	D	0.16%
GL	D	0.14%
IVZ	B	0.12%
BEN	F	0.1%

XLF Underweight 122 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	B	-1.7%
WMT	B	-1.67%
MSI	B	-1.66%
CSCO	B	-1.39%
WM	D	-1.37%
ROP	C	-1.34%
MRK	F	-1.25%
MCK	F	-1.17%
PEP	D	-1.14%
JNJ	C	-1.13%
RSG	D	-1.13%
VRTX	D	-1.11%
MCD	B	-1.0%
COR	F	-0.97%
ED	B	-0.9%
REGN	D	-0.89%
PG	C	-0.84%
DUK	B	-0.83%
SO	B	-0.82%
VZ	A	-0.81%
NOC	B	-0.8%
UNH	C	-0.8%
MSFT	C	-0.78%
KR	B	-0.77%
AZO	B	-0.74%
IBM	B	-0.74%
GIS	B	-0.71%
WEC	B	-0.65%
LLY	D	-0.6%
ELV	D	-0.56%
ORLY	B	-0.56%
ABBV	B	-0.56%
K	A	-0.56%
GDDY	C	-0.55%
EA	D	-0.54%
HSY	D	-0.48%
ORCL	B	-0.48%
APH	C	-0.48%
GILD	B	-0.43%
CHD	C	-0.43%
FI	B	-0.41%
KEYS	B	-0.41%
KDP	B	-0.4%
MKL	C	-0.4%
AMGN	D	-0.39%
CL	C	-0.39%
BAH	B	-0.38%
WCN	D	-0.38%
CHT	B	-0.38%
KHC	C	-0.36%
TJX	C	-0.36%
UTHR	B	-0.36%
VRSN	C	-0.35%
ERIE	B	-0.34%
HUM	F	-0.34%
KMB	C	-0.32%
JNPR	A	-0.32%
FFIV	B	-0.32%
INCY	C	-0.32%
AKAM	D	-0.3%
TSN	D	-0.3%
NBIX	F	-0.3%
SJM	C	-0.29%
MDLZ	C	-0.28%
GEN	A	-0.27%
CI	C	-0.26%
HRL	F	-0.25%
T	B	-0.25%
CPB	C	-0.25%
ACN	C	-0.24%
LMT	A	-0.24%
CF	B	-0.24%
YUM	B	-0.23%
BDX	D	-0.23%
FCNCA	D	-0.21%
BMY	C	-0.21%
BMRN	F	-0.21%
ROL	C	-0.21%
FWONK	C	-0.2%
PTC	C	-0.2%
GD	C	-0.19%
CTSH	B	-0.19%
DPZ	D	-0.18%
CAH	C	-0.17%
CMS	B	-0.17%
ULTA	D	-0.17%
DGX	B	-0.15%
MPC	F	-0.15%
MOH	D	-0.14%
LNG	D	-0.13%
NEM	C	-0.12%
CTVA	B	-0.12%
WIT	C	-0.11%
MNST	D	-0.11%
PCG	C	-0.1%
XOM	D	-0.1%
TDY	B	-0.1%
AEE	B	-0.1%
ABT	C	-0.1%
FICO	B	-0.1%
AZPN	B	-0.1%
XEL	B	-0.1%
WDAY	D	-0.09%
DINO	F	-0.07%
TPL	C	-0.07%
IT	C	-0.07%
AEP	C	-0.07%
KO	B	-0.06%
ANET	C	-0.06%
CHRW	B	-0.06%
HSIC	C	-0.06%
TRGP	C	-0.06%
FANG	F	-0.06%
ACI	F	-0.05%
HOLX	D	-0.05%
GPC	D	-0.05%
KNX	C	-0.05%
CAG	B	-0.05%
SGD	F	-0.0%
SAR	C	-0.0%
HKD	C	-0.0%
IDR	C	-0.0%