XRLV vs. FFLV ETF Comparison

Comparison of PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV) to Fidelity Fundamental Large Cap Value ETF (FFLV)

XRLV

PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio

XRLV Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Low Volatility Rate Response Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to include stocks exhibiting low volatility characteristics, after removing stocks that historically have performed poorly in rising interest rate environments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$56.06

Average Daily Volume

788

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

FFLV

Fidelity Fundamental Large Cap Value ETF

FFLV Description

The fund will normally invest at least 80% of the fund"s assets in equity securities of companies with large market capitalizations (which, for purposes of this fund, are those companies with market capitalizations similar to companies in the Russell 1000® Index or the S&P 500® Index). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$22.94

Average Daily Volume

878

Number of Holdings ^*

108

* may have additional holdings in another (foreign) market

Performance

Period	XRLV	FFLV
30 Days	2.19%	3.62%
60 Days	4.23%	5.11%
90 Days	6.00%	5.96%
12 Months	23.15%

14 Overlapping Holdings

Symbol	Grade	Weight in XRLV	Weight in FFLV	Overlap
BRK.A	B	1.43%	1.04%	1.04%
CB	C	1.04%	0.76%	0.76%
COR	B	0.98%	0.88%	0.88%
CSCO	B	1.11%	3.48%	1.11%
ELV	F	0.64%	1.96%	0.64%
HIG	B	1.03%	2.6%	1.03%
JNJ	C	1.01%	2.03%	1.01%
JPM	A	1.12%	4.36%	1.12%
KDP	F	0.81%	0.8%	0.8%
KO	D	1.12%	0.57%	0.57%
LMT	D	0.9%	0.68%	0.68%
PM	B	1.08%	0.22%	0.22%
SRE	A	1.03%	0.89%	0.89%
WELL	A	0.99%	1.32%	0.99%

XRLV Overweight 86 Positions Relative to FFLV

Symbol	Grade	Weight
TMUS	B	1.45%
V	A	1.34%
FI	A	1.3%
KMI	A	1.28%
AMP	A	1.26%
L	A	1.24%
WMB	A	1.22%
RSG	A	1.21%
MA	B	1.19%
WMT	A	1.19%
HON	C	1.18%
BK	A	1.16%
OKE	A	1.16%
MMC	B	1.14%
PG	C	1.13%
ITW	B	1.13%
MSI	B	1.13%
TJX	A	1.13%
ATO	A	1.12%
AME	A	1.11%
ETR	B	1.11%
IEX	C	1.07%
ROP	B	1.06%
CME	B	1.06%
MCD	D	1.06%
MET	A	1.05%
PRU	A	1.04%
ADP	A	1.04%
LIN	C	1.04%
PKG	A	1.04%
CL	D	1.03%
HLT	A	1.02%
CTAS	B	1.0%
PPL	A	1.0%
PEG	A	0.99%
YUM	D	0.99%
CHD	A	0.99%
PFG	D	0.99%
DRI	B	0.98%
PAYX	B	0.98%
WM	B	0.98%
MO	A	0.97%
NI	A	0.97%
BRO	B	0.97%
EA	A	0.97%
CSX	C	0.96%
AIG	B	0.96%
DUK	C	0.96%
AJG	A	0.95%
AFL	B	0.95%
UNP	C	0.94%
BR	A	0.94%
LNT	A	0.94%
WEC	A	0.93%
GD	D	0.93%
SO	C	0.93%
VRSN	C	0.93%
ABT	B	0.92%
DGX	A	0.92%
AVB	B	0.92%
AVY	F	0.92%
CMS	C	0.91%
MDT	D	0.91%
LH	B	0.91%
VRSK	A	0.9%
EVRG	A	0.9%
PEP	F	0.89%
OMC	C	0.89%
KMB	C	0.88%
MCK	A	0.88%
ECL	D	0.88%
FE	C	0.87%
MDLZ	F	0.87%
PPG	F	0.87%
ED	C	0.87%
STZ	D	0.87%
JKHY	D	0.86%
HOLX	D	0.85%
SYY	D	0.84%
CBOE	C	0.83%
BDX	F	0.8%
GIS	D	0.78%
ABBV	F	0.76%
LYB	F	0.76%
DOW	F	0.71%
REGN	F	0.66%

XRLV Underweight 94 Positions Relative to FFLV

Symbol	Grade	Weight
XOM	B	-4.54%
WFC	A	-3.09%
BAC	A	-2.34%
CMCSA	B	-2.31%
UNH	B	-2.23%
TRV	B	-2.2%
KVUE	A	-1.95%
JCI	B	-1.84%
FDX	B	-1.7%
PLD	F	-1.66%
CI	D	-1.59%
EIX	B	-1.58%
USFD	A	-1.49%
PCG	A	-1.49%
ALSN	B	-1.38%
APO	B	-1.37%
SJM	D	-1.24%
CVS	D	-1.21%
AZN	F	-1.09%
WLK	D	-1.01%
RJF	A	-1.01%
TKR	D	-0.99%
CNC	D	-0.96%
MCHP	F	-0.94%
MRK	D	-0.88%
AFG	A	-0.87%
TSM	B	-0.86%
TRGP	A	-0.84%
DOX	D	-0.84%
GEN	B	-0.83%
GPK	C	-0.82%
UHAL	D	-0.8%
ORI	A	-0.75%
GDDY	A	-0.7%
RRX	B	-0.69%
FLR	B	-0.68%
TPX	B	-0.67%
CNXC	F	-0.67%
PSA	C	-0.65%
LW	C	-0.65%
SNX	D	-0.61%
BCO	F	-0.6%
WCC	B	-0.58%
XPO	B	-0.58%
LOW	C	-0.58%
BC	C	-0.58%
CG	B	-0.56%
AES	F	-0.54%
ALLY	C	-0.54%
CEG	C	-0.52%
KEY	B	-0.52%
HPQ	B	-0.47%
SW	A	-0.47%
VST	A	-0.46%
UFPI	C	-0.46%
GMS	B	-0.46%
GPN	B	-0.44%
LAD	A	-0.43%
IPG	D	-0.42%
APTV	F	-0.39%
FAF	A	-0.38%
GTES	A	-0.38%
DOOO	F	-0.37%
LPX	B	-0.36%
OLN	F	-0.33%
HRI	C	-0.32%
CC	C	-0.31%
AAP	D	-0.31%
DAR	C	-0.31%
HOG	D	-0.3%
LITE	B	-0.29%
SLM	A	-0.28%
CPT	B	-0.28%
MDU	D	-0.27%
HRB	D	-0.27%
UPBD	B	-0.26%
G	B	-0.26%
BG	D	-0.25%
OMF	A	-0.24%
NXST	C	-0.22%
VSTS	C	-0.22%
CIEN	C	-0.22%
TEX	F	-0.21%
AR	B	-0.2%
COMP	B	-0.2%
SIG	B	-0.2%
TPR	B	-0.17%
SNY	F	-0.17%
CCI	C	-0.14%
MOH	F	-0.13%
EWBC	A	-0.13%
FCNCA	A	-0.12%
WBS	A	-0.11%
FTRE	D	-0.07%