XSHQ vs. AFSM ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to Active Factor Small Cap ETF (AFSM)

XSHQ

PowerShares S&P SmallCap Quality Portfolio

XSHQ Description

The PowerShares S&P SmallCap Quality Portfolio (the "Fund") is based on the S&P SmallCap 600 Quality Index (Index). The Fund will invest at least 90% of its total assets in securities that comprise the Index. The Index is composed of 120 securities in the S&P SmallCap 600 Index that have the highest quality score, which is calculated based on the average of three fundamental measures: return on equity, accruals ratio and financial leverage ratio. The Fund and the Index are rebalanced and reconstituted semi-annually on the third Friday of June and December.

Grade (RS Rating)

Last Trade

$46.09

Average Daily Volume

59,217

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

AFSM

Active Factor Small Cap ETF

AFSM Description

The investment seeks to provide capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in U.S.-listed equity securities issued by small capitalization companies. The manager defines small capitalization companies as those that, at the time of investment, have a market capitalization between a minimum of $250 million and the maximum market capitalization of a widely recognized index of small capitalization companies based upon the composition of the index at the time of investment. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.19

Average Daily Volume

15,699

Number of Holdings ^*

295

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	AFSM
30 Days	6.69%	5.15%
60 Days	7.76%	4.94%
90 Days	9.41%	5.47%
12 Months	28.24%	31.74%

58 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in AFSM	Overlap
ALKS	C	1.92%	0.93%	0.93%
AMR	C	1.06%	0.39%	0.39%
AMWD	C	0.47%	0.52%	0.47%
ANDE	D	0.55%	0.04%	0.04%
APAM	B	2.07%	0.06%	0.06%
APOG	C	0.7%	0.37%	0.37%
ASO	F	1.15%	0.28%	0.28%
ASTH	F	0.5%	0.1%	0.1%
ATEN	A	0.42%	0.05%	0.05%
BCC	B	1.64%	0.72%	0.72%
BKE	B	0.7%	0.28%	0.28%
BMI	B	1.98%	0.63%	0.63%
BRC	D	1.08%	0.16%	0.16%
CAL	F	0.36%	0.36%	0.36%
CASH	B	0.74%	0.35%	0.35%
CEIX	A	1.4%	0.67%	0.67%
CHCO	B	0.54%	0.54%	0.54%
COLL	F	0.38%	0.04%	0.04%
CORT	B	1.92%	0.57%	0.57%
CRVL	B	1.24%	0.62%	0.62%
CSGS	B	0.44%	0.13%	0.13%
DFIN	D	0.56%	0.46%	0.46%
DNOW	B	0.43%	0.29%	0.29%
EIG	B	0.36%	0.13%	0.13%
EPAC	C	0.85%	0.0%	0.0%
FBP	C	1.14%	0.33%	0.33%
FTDR	B	1.58%	0.06%	0.06%
GES	F	0.12%	0.15%	0.12%
GIII	D	0.49%	0.25%	0.25%
GMS	B	1.1%	0.6%	0.6%
GRBK	D	0.47%	0.3%	0.3%
HCI	C	0.31%	0.26%	0.26%
HRMY	D	0.37%	0.36%	0.36%
HWKN	B	0.58%	0.61%	0.58%
IDCC	B	1.33%	1.17%	1.17%
JXN	C	3.19%	0.78%	0.78%
KTB	B	2.13%	0.08%	0.08%
LPG	F	0.31%	0.32%	0.31%
MCY	A	0.54%	0.65%	0.54%
MHO	D	1.3%	0.78%	0.78%
MLI	B	4.25%	1.38%	1.38%
NHC	C	0.48%	1.2%	0.48%
NMIH	C	0.94%	0.56%	0.56%
OFG	B	0.61%	0.54%	0.54%
OTTR	C	0.89%	0.04%	0.04%
PCRX	C	0.22%	0.13%	0.13%
PFBC	B	0.4%	0.87%	0.4%
PLAB	C	0.43%	0.43%	0.43%
POWL	C	1.44%	0.7%	0.7%
PRG	C	0.59%	0.26%	0.26%
RDN	D	1.33%	0.7%	0.7%
SIG	B	1.51%	0.37%	0.37%
TBBK	B	1.11%	0.7%	0.7%
TILE	B	0.42%	0.37%	0.37%
TNC	D	0.54%	0.18%	0.18%
WABC	B	0.52%	0.21%	0.21%
WNC	C	0.35%	0.38%	0.35%
WT	A	0.44%	0.49%	0.44%

XSHQ Overweight 56 Positions Relative to AFSM

Symbol	Grade	Weight
AWI	A	2.57%
PJT	A	1.92%
JBT	B	1.8%
IBP	D	1.74%
LNC	C	1.71%
FSS	B	1.6%
WDFC	B	1.58%
BCPC	B	1.46%
SM	B	1.36%
AX	B	1.32%
FELE	B	1.26%
AGO	B	1.21%
CNS	B	1.2%
AGYS	A	1.14%
ARCH	B	1.05%
DORM	B	1.03%
HP	C	1.02%
CATY	B	0.98%
AEO	F	0.98%
LCII	C	0.85%
PAYO	A	0.84%
SHOO	F	0.84%
UE	B	0.81%
PATK	C	0.79%
PLMR	A	0.78%
IOSP	C	0.77%
ROCK	C	0.71%
YELP	C	0.7%
IPAR	B	0.61%
SXI	B	0.6%
WOR	F	0.58%
CENX	B	0.58%
WS	C	0.53%
CENTA	C	0.52%
KLG	B	0.52%
BANF	B	0.51%
LKFN	C	0.51%
FIZZ	C	0.45%
VRTS	B	0.43%
PDCO	F	0.43%
AMSF	B	0.41%
GDEN	B	0.39%
STAA	F	0.39%
LNN	B	0.37%
MCRI	A	0.35%
OXM	F	0.35%
JBSS	F	0.29%
REX	D	0.27%
MNRO	D	0.23%
IIIN	C	0.22%
CVI	F	0.18%
LQDT	B	0.16%
SLP	D	0.14%
RES	D	0.13%
NPK	B	0.11%
USNA	C	0.11%

XSHQ Underweight 237 Positions Relative to AFSM

Symbol	Grade	Weight
SKYW	C	-1.22%
SFM	A	-1.0%
CPRX	C	-0.93%
CRS	B	-0.87%
DAKT	C	-0.86%
STRL	A	-0.84%
ANF	F	-0.82%
ZETA	D	-0.81%
FIX	A	-0.79%
EME	A	-0.79%
CVLT	B	-0.74%
MTG	C	-0.73%
CALM	A	-0.72%
HALO	F	-0.7%
UVE	B	-0.7%
TMHC	C	-0.7%
SANM	B	-0.67%
SLVM	B	-0.65%
SLG	B	-0.65%
HSII	B	-0.64%
AROC	A	-0.64%
COOP	B	-0.63%
FDP	B	-0.61%
GMED	A	-0.61%
REZI	A	-0.6%
UFPT	C	-0.6%
PLUS	F	-0.59%
NTB	B	-0.58%
PRK	B	-0.58%
EGBN	B	-0.57%
NHI	D	-0.57%
SUPN	C	-0.56%
BTU	B	-0.55%
TGNA	B	-0.55%
BXC	B	-0.54%
CVNA	B	-0.53%
BELFB	C	-0.53%
STBA	B	-0.53%
DOLE	D	-0.53%
KBH	D	-0.52%
BRBR	A	-0.52%
HIMS	B	-0.51%
COKE	C	-0.51%
MUSA	B	-0.51%
GEO	B	-0.51%
PI	D	-0.5%
APPF	B	-0.49%
ACT	C	-0.49%
PRDO	B	-0.47%
TEX	F	-0.47%
CSWI	B	-0.46%
PINC	B	-0.46%
HRB	D	-0.44%
DDS	B	-0.44%
USLM	A	-0.43%
LNTH	D	-0.43%
WFRD	D	-0.42%
RMR	F	-0.42%
IESC	C	-0.41%
LGND	C	-0.41%
YMAB	F	-0.41%
EVER	D	-0.41%
QTWO	A	-0.4%
ADUS	D	-0.4%
BDC	C	-0.39%
PRGS	A	-0.38%
INMD	C	-0.38%
VRNT	C	-0.38%
M	F	-0.37%
RDNT	B	-0.37%
YOU	D	-0.37%
MATX	C	-0.37%
ANIP	F	-0.37%
BPMC	B	-0.36%
CRAI	C	-0.36%
LOPE	C	-0.36%
MD	C	-0.36%
LRN	A	-0.36%
BLBD	D	-0.36%
IIPR	D	-0.36%
HIW	C	-0.35%
CNXN	C	-0.35%
ESNT	F	-0.34%
PDM	D	-0.34%
MOG.A	B	-0.34%
TRMK	C	-0.34%
MTH	D	-0.34%
CMC	B	-0.33%
ATKR	D	-0.33%
PBF	D	-0.32%
ATGE	B	-0.32%
PFS	B	-0.32%
CUZ	B	-0.31%
SCS	C	-0.31%
IBOC	B	-0.31%
SPNS	F	-0.3%
TWI	F	-0.3%
DXC	B	-0.3%
CNK	C	-0.3%
RXST	F	-0.3%
BHE	C	-0.29%
AKR	B	-0.29%
CRDO	B	-0.29%
HURN	C	-0.29%
SBRA	C	-0.29%
TCMD	B	-0.29%
ODP	F	-0.29%
ADMA	B	-0.28%
VIRT	A	-0.28%
PHIN	A	-0.28%
HUBG	A	-0.28%
THFF	B	-0.28%
AZZ	A	-0.27%
MEDP	D	-0.27%
AVNS	F	-0.27%
SXC	A	-0.27%
ITCI	C	-0.27%
HCC	B	-0.27%
BNL	D	-0.27%
PSN	D	-0.27%
ABG	C	-0.26%
INTA	B	-0.26%
BKU	A	-0.26%
CCRN	F	-0.26%
VRNS	D	-0.26%
BKH	A	-0.26%
PIPR	A	-0.25%
GNK	D	-0.25%
AGX	B	-0.25%
PRM	C	-0.25%
HAE	C	-0.23%
KN	B	-0.23%
VNDA	C	-0.23%
MED	D	-0.23%
NTCT	C	-0.23%
LMAT	A	-0.23%
HLX	B	-0.22%
IMKTA	C	-0.22%
HDSN	F	-0.22%
SMP	C	-0.22%
AMKR	D	-0.21%
NX	C	-0.21%
TMDX	F	-0.21%
VCTR	B	-0.21%
EXTR	C	-0.21%
SIGA	F	-0.21%
SBH	C	-0.21%
PK	C	-0.2%
BLFS	C	-0.2%
ENS	F	-0.2%
KRC	B	-0.2%
CMPR	D	-0.2%
INSW	F	-0.2%
NUS	D	-0.2%
SGBX	F	-0.19%
DHT	F	-0.19%
ONTO	F	-0.19%
ASGN	F	-0.19%
ASC	F	-0.19%
NSSC	D	-0.19%
TARS	C	-0.19%
UCTT	D	-0.18%
TPC	C	-0.18%
GOGL	F	-0.18%
NAVI	F	-0.18%
HOV	D	-0.17%
TGTX	B	-0.17%
NVST	B	-0.17%
ADNT	F	-0.17%
AXSM	B	-0.17%
KELYA	F	-0.16%
XRX	F	-0.16%
SD	D	-0.16%
HY	D	-0.16%
HROW	D	-0.16%
VSH	F	-0.16%
SCSC	C	-0.15%
SCVL	F	-0.15%
STNG	F	-0.15%
AIT	B	-0.14%
NECB	C	-0.14%
METC	C	-0.14%
ALRM	C	-0.14%
MRVI	F	-0.14%
AYI	B	-0.14%
TWST	F	-0.13%
CWCO	C	-0.13%
MOV	D	-0.13%
CECO	B	-0.12%
CLW	F	-0.12%
ALKT	B	-0.12%
OSCR	D	-0.11%
YEXT	B	-0.11%
CHRD	D	-0.11%
INVA	D	-0.11%
CGEM	F	-0.11%
RAMP	B	-0.1%
GFF	A	-0.1%
AMCX	C	-0.1%
SPSC	D	-0.09%
MAX	F	-0.09%
MLKN	F	-0.08%
KRYS	C	-0.08%
ATLO	C	-0.07%
TPH	D	-0.07%
PEBK	B	-0.07%
CTRE	C	-0.07%
WGO	C	-0.07%
CTS	C	-0.06%
GRND	A	-0.06%
JWN	D	-0.06%
OMI	F	-0.06%
KSS	F	-0.06%
SWX	B	-0.05%
REVG	C	-0.05%
OGS	A	-0.05%
AMPH	F	-0.05%
NSIT	F	-0.05%
HE	C	-0.04%
AMN	F	-0.04%
TDC	D	-0.04%
SEMR	C	-0.04%
PHR	F	-0.04%
FORM	D	-0.04%
ETD	C	-0.04%
EOLS	D	-0.04%
PGNY	F	-0.03%
JBI	F	-0.03%
VITL	D	-0.03%
RYI	C	-0.03%
SWI	C	-0.03%
EMBC	C	-0.03%
LBRT	D	-0.03%
ACLS	F	-0.02%
ACIW	B	-0.02%
MITK	C	-0.0%
MAIN	A	-0.0%