XMLV vs. FPRO ETF Comparison

Comparison of PowerShares S&P MidCap Low Volatility Portfolio (XMLV) to Fidelity Real Estate Investment ETF (FPRO)

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$64.83

Average Daily Volume

30,461

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPRO

Fidelity Real Estate Investment ETF

FPRO Description

The investment seeks above-average income and long-term capital growth, consistent with reasonable investment risk. The fund is an actively managed ETF that operates pursuant to an exemptive order from the Securities and Exchange Commission (Order) and is not required to publicly disclose its complete portfolio holdings each business day. The fund normally invests at least 80% of assets in securities of companies principally engaged in the real estate industry and other real estate related investments. It invests in domestic and foreign issuers. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$23.90

Average Daily Volume

5,625

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XMLV	FPRO
30 Days	5.64%	-0.38%
60 Days	6.68%	-2.17%
90 Days	9.27%	1.66%
12 Months	30.39%	21.86%

4 Overlapping Holdings

Symbol	Grade	Weight in XMLV	Weight in FPRO	Overlap
AMH	D	1.19%	2.09%	1.19%
ELS	C	1.2%	0.4%	0.4%
NNN	D	1.09%	3.78%	1.09%
STAG	F	1.04%	1.07%	1.04%

XMLV Overweight 75 Positions Relative to FPRO

Symbol	Grade	Weight
DTM	B	1.87%
SEIC	B	1.8%
ATR	B	1.8%
CW	B	1.78%
IBKR	A	1.61%
SF	B	1.6%
FHI	A	1.55%
VOYA	B	1.52%
INGR	B	1.49%
IDA	A	1.47%
UNM	A	1.46%
HLI	B	1.45%
THG	A	1.45%
ORI	A	1.44%
PNM	F	1.44%
EHC	B	1.44%
RGA	A	1.43%
DCI	B	1.41%
JEF	A	1.41%
G	B	1.4%
RLI	B	1.4%
JHG	A	1.39%
CACI	D	1.39%
FLS	B	1.39%
AM	A	1.35%
OGE	B	1.34%
PRI	A	1.33%
AFG	A	1.32%
RPM	A	1.32%
GGG	B	1.32%
USFD	A	1.31%
ADC	B	1.29%
ACM	A	1.28%
NJR	A	1.28%
AMG	B	1.28%
TXRH	C	1.25%
GLPI	C	1.23%
SON	D	1.22%
PPC	C	1.22%
NWE	B	1.22%
GNTX	C	1.22%
OHI	C	1.21%
SR	A	1.21%
GEF	A	1.2%
POST	C	1.19%
EPR	D	1.18%
CHE	D	1.17%
BRX	A	1.17%
GATX	A	1.16%
NFG	A	1.16%
SLGN	A	1.16%
ALE	A	1.15%
OGS	A	1.14%
LSTR	D	1.13%
BKH	A	1.13%
SBRA	C	1.13%
MTG	C	1.13%
SNX	C	1.11%
FLO	D	1.11%
POR	C	1.1%
EGP	F	1.09%
ESNT	D	1.09%
CDP	C	1.08%
AVT	C	1.08%
FR	C	1.07%
MUSA	A	1.07%
MSA	D	1.07%
NEU	C	1.04%
NYT	C	1.03%
DLB	B	1.01%
KBR	F	0.99%
WTRG	B	0.98%
MMS	F	0.97%
MAN	D	0.92%
CHRD	D	0.87%

XMLV Underweight 36 Positions Relative to FPRO

Symbol	Grade	Weight
PLD	D	-10.01%
AMT	D	-9.56%
EQIX	A	-7.21%
PSA	D	-5.89%
VTR	C	-5.69%
WELL	A	-5.23%
CBRE	B	-4.11%
KIM	A	-3.9%
UDR	B	-3.51%
CUBE	D	-3.33%
DLR	B	-3.31%
EQR	B	-2.75%
SUI	D	-2.69%
COLD	D	-2.21%
CCI	D	-2.18%
MAA	B	-2.02%
EXR	D	-1.92%
INVH	D	-1.57%
CSGP	D	-1.36%
UE	C	-1.36%
LAMR	D	-1.29%
SBAC	D	-1.17%
CPT	B	-1.08%
REG	B	-0.92%
FCPT	C	-0.84%
PECO	A	-0.77%
TRNO	F	-0.73%
SKT	B	-0.68%
WY	D	-0.64%
COMP	B	-0.55%
RHP	B	-0.45%
ELME	D	-0.42%
MAC	B	-0.34%
AKR	B	-0.24%
IVT	B	-0.09%
DRH	B	-0.02%