XRLV vs. ITAN ETF Comparison

Comparison of PowerShares S&P 500 ex-Rate Sensitive Low Volatility Portfolio (XRLV) to Sparkline Intangible Value ETF (ITAN)

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

$56.04

Average Daily Volume

803

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	XRLV	ITAN
30 Days	2.47%	5.34%
60 Days	4.00%	7.33%
90 Days	6.43%	9.71%
12 Months	23.64%	31.35%

11 Overlapping Holdings

Symbol	Grade	Weight in XRLV	Weight in ITAN	Overlap
BDX	F	0.8%	0.7%	0.7%
CSCO	B	1.11%	1.78%	1.11%
DGX	A	0.92%	0.43%	0.43%
EA	A	0.97%	0.53%	0.53%
GD	F	0.93%	0.7%	0.7%
HON	B	1.18%	1.21%	1.18%
LH	C	0.91%	0.45%	0.45%
LMT	D	0.9%	0.39%	0.39%
MDT	D	0.91%	1.18%	0.91%
PRU	A	1.04%	0.53%	0.53%
TMUS	B	1.45%	1.42%	1.42%

XRLV Overweight 89 Positions Relative to ITAN

Symbol	Grade	Weight
BRK.A	B	1.43%
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	C	1.19%
WMT	A	1.19%
BK	A	1.16%
OKE	A	1.16%
MMC	B	1.14%
PG	A	1.13%
ITW	B	1.13%
MSI	B	1.13%
TJX	A	1.13%
ATO	A	1.12%
KO	D	1.12%
JPM	A	1.12%
AME	A	1.11%
ETR	B	1.11%
PM	B	1.08%
IEX	B	1.07%
ROP	B	1.06%
CME	A	1.06%
MCD	D	1.06%
MET	A	1.05%
CB	C	1.04%
ADP	B	1.04%
LIN	D	1.04%
PKG	A	1.04%
HIG	B	1.03%
SRE	A	1.03%
CL	D	1.03%
HLT	A	1.02%
JNJ	D	1.01%
CTAS	B	1.0%
PPL	B	1.0%
PEG	A	0.99%
WELL	A	0.99%
YUM	B	0.99%
CHD	B	0.99%
PFG	D	0.99%
DRI	B	0.98%
COR	B	0.98%
PAYX	C	0.98%
WM	A	0.98%
MO	A	0.97%
NI	A	0.97%
BRO	B	0.97%
CSX	B	0.96%
AIG	B	0.96%
DUK	C	0.96%
AJG	B	0.95%
AFL	B	0.95%
UNP	C	0.94%
BR	A	0.94%
LNT	A	0.94%
WEC	A	0.93%
SO	D	0.93%
VRSN	F	0.93%
ABT	B	0.92%
AVB	B	0.92%
AVY	D	0.92%
CMS	C	0.91%
VRSK	A	0.9%
EVRG	A	0.9%
PEP	F	0.89%
OMC	C	0.89%
KMB	D	0.88%
MCK	B	0.88%
ECL	D	0.88%
FE	C	0.87%
MDLZ	F	0.87%
PPG	F	0.87%
ED	D	0.87%
STZ	D	0.87%
JKHY	D	0.86%
HOLX	D	0.85%
SYY	B	0.84%
CBOE	B	0.83%
KDP	D	0.81%
GIS	D	0.78%
ABBV	D	0.76%
LYB	F	0.76%
DOW	F	0.71%
REGN	F	0.66%
ELV	F	0.64%

XRLV Underweight 140 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.86%
META	D	-2.87%
ORCL	B	-2.31%
CRM	B	-2.14%
GOOGL	C	-2.09%
GOOG	C	-2.09%
IBM	C	-1.69%
ACN	C	-1.6%
QCOM	F	-1.55%
T	A	-1.55%
WFC	A	-1.51%
VZ	C	-1.3%
PFE	D	-1.28%
INTC	D	-1.26%
RTX	C	-1.23%
DELL	C	-1.11%
DIS	B	-1.1%
PYPL	B	-1.1%
COF	B	-1.09%
CMCSA	B	-1.06%
TGT	F	-1.03%
BMY	B	-1.03%
GM	B	-1.0%
BA	F	-0.96%
GILD	C	-0.92%
NOC	D	-0.91%
CVS	D	-0.9%
MMM	D	-0.89%
PANW	C	-0.89%
SQ	B	-0.87%
FDX	B	-0.85%
CMI	A	-0.84%
F	C	-0.82%
CTSH	B	-0.8%
LHX	C	-0.74%
HPQ	B	-0.72%
CHTR	C	-0.72%
ALL	A	-0.72%
DASH	A	-0.71%
WDAY	B	-0.7%
UAL	A	-0.7%
JCI	C	-0.69%
EBAY	D	-0.66%
NXPI	D	-0.66%
ADSK	A	-0.64%
HPE	B	-0.63%
DAL	C	-0.6%
NTAP	C	-0.6%
GLW	B	-0.59%
EXPE	B	-0.58%
CVNA	B	-0.56%
LDOS	C	-0.55%
CNC	D	-0.54%
ZM	B	-0.54%
ILMN	D	-0.54%
WBD	C	-0.53%
DOCU	A	-0.53%
CAH	B	-0.53%
WDC	D	-0.53%
HUM	C	-0.53%
SNAP	C	-0.51%
KR	B	-0.51%
ZS	C	-0.51%
TWLO	A	-0.49%
NTNX	A	-0.49%
VTRS	A	-0.49%
BAH	F	-0.47%
FFIV	B	-0.46%
BBY	D	-0.46%
IQV	D	-0.46%
ZBRA	B	-0.46%
J	F	-0.45%
ROK	B	-0.45%
OKTA	C	-0.44%
BAX	D	-0.44%
DD	D	-0.44%
TRMB	B	-0.43%
BIIB	F	-0.42%
JNPR	F	-0.42%
ACM	A	-0.42%
CIEN	B	-0.41%
CACI	D	-0.41%
PSTG	D	-0.39%
ROKU	D	-0.39%
AAL	B	-0.38%
LUMN	C	-0.37%
JLL	D	-0.37%
LYFT	C	-0.37%
DBX	B	-0.37%
JBL	B	-0.37%
DVA	B	-0.36%
IP	B	-0.34%
EMN	D	-0.34%
TRU	D	-0.34%
TPR	B	-0.34%
NWSA	B	-0.33%
JAZZ	B	-0.32%
SWKS	F	-0.32%
AKAM	D	-0.32%
ALLY	C	-0.32%
TAP	C	-0.31%
ELAN	D	-0.3%
ACI	C	-0.3%
TXT	D	-0.3%
SWK	D	-0.29%
ETSY	D	-0.29%
WBA	F	-0.29%
ANF	C	-0.28%
G	B	-0.28%
PARA	C	-0.28%
RIVN	F	-0.27%
BIO	D	-0.27%
WHR	B	-0.27%
HAS	D	-0.26%
MASI	A	-0.26%
BOX	B	-0.26%
EXAS	D	-0.26%
FAF	A	-0.25%
W	F	-0.25%
U	C	-0.25%
PATH	C	-0.24%
DOX	D	-0.24%
ALK	C	-0.24%
GAP	C	-0.24%
IVZ	B	-0.24%
MAT	D	-0.24%
UAA	C	-0.24%
ARW	D	-0.23%
FLS	B	-0.23%
MTCH	D	-0.23%
BWA	D	-0.22%
NOV	C	-0.22%
RHI	B	-0.22%
HRB	D	-0.21%
QRVO	F	-0.2%
AGCO	D	-0.19%
HOG	D	-0.19%
M	D	-0.16%
RUN	F	-0.14%
XRAY	F	-0.13%