XSHQ vs. AIRR ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to First Trust RBA American Industrial Renaissance ETF (AIRR)

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

AIRR

First Trust RBA American Industrial Renaissance ETF

AIRR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$84.16

Average Daily Volume

363,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	AIRR
30 Days	6.69%	9.87%
60 Days	7.76%	12.82%
90 Days	9.41%	15.64%
12 Months	28.24%	64.56%

6 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in AIRR	Overlap
DNOW	B	0.43%	0.87%	0.43%
FSS	B	1.6%	2.38%	1.6%
LKFN	C	0.51%	0.57%	0.51%
MLI	B	4.25%	3.42%	3.42%
POWL	C	1.44%	0.91%	0.91%
WNC	C	0.35%	0.91%	0.35%

XSHQ Overweight 108 Positions Relative to AIRR

Symbol	Grade	Weight
JXN	C	3.19%
AWI	A	2.57%
KTB	B	2.13%
APAM	B	2.07%
BMI	B	1.98%
PJT	A	1.92%
CORT	B	1.92%
ALKS	C	1.92%
JBT	B	1.8%
IBP	D	1.74%
LNC	C	1.71%
BCC	B	1.64%
FTDR	B	1.58%
WDFC	B	1.58%
SIG	B	1.51%
BCPC	B	1.46%
CEIX	A	1.4%
SM	B	1.36%
RDN	D	1.33%
IDCC	B	1.33%
AX	B	1.32%
MHO	D	1.3%
FELE	B	1.26%
CRVL	B	1.24%
AGO	B	1.21%
CNS	B	1.2%
ASO	F	1.15%
FBP	C	1.14%
AGYS	A	1.14%
TBBK	B	1.11%
GMS	B	1.1%
BRC	D	1.08%
AMR	C	1.06%
ARCH	B	1.05%
DORM	B	1.03%
HP	C	1.02%
CATY	B	0.98%
AEO	F	0.98%
NMIH	C	0.94%
OTTR	C	0.89%
LCII	C	0.85%
EPAC	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%
CASH	B	0.74%
ROCK	C	0.71%
APOG	C	0.7%
BKE	B	0.7%
YELP	C	0.7%
OFG	B	0.61%
IPAR	B	0.61%
SXI	B	0.6%
PRG	C	0.59%
HWKN	B	0.58%
WOR	F	0.58%
CENX	B	0.58%
DFIN	D	0.56%
ANDE	D	0.55%
CHCO	B	0.54%
TNC	D	0.54%
MCY	A	0.54%
WS	C	0.53%
WABC	B	0.52%
CENTA	C	0.52%
KLG	B	0.52%
BANF	B	0.51%
ASTH	F	0.5%
GIII	D	0.49%
NHC	C	0.48%
AMWD	C	0.47%
GRBK	D	0.47%
FIZZ	C	0.45%
CSGS	B	0.44%
WT	A	0.44%
PLAB	C	0.43%
VRTS	B	0.43%
PDCO	F	0.43%
TILE	B	0.42%
ATEN	A	0.42%
AMSF	B	0.41%
PFBC	B	0.4%
GDEN	B	0.39%
STAA	F	0.39%
COLL	F	0.38%
LNN	B	0.37%
HRMY	D	0.37%
CAL	F	0.36%
EIG	B	0.36%
MCRI	A	0.35%
OXM	F	0.35%
HCI	C	0.31%
LPG	F	0.31%
JBSS	F	0.29%
REX	D	0.27%
MNRO	D	0.23%
PCRX	C	0.22%
IIIN	C	0.22%
CVI	F	0.18%
LQDT	B	0.16%
SLP	D	0.14%
RES	D	0.13%
GES	F	0.12%
NPK	B	0.11%
USNA	C	0.11%

XSHQ Underweight 46 Positions Relative to AIRR

Symbol	Grade	Weight
AAON	B	-3.32%
AIT	B	-3.3%
GVA	A	-3.25%
EME	A	-3.09%
RBC	A	-3.04%
BWXT	B	-2.98%
KEX	B	-2.96%
ZWS	B	-2.93%
MDU	D	-2.9%
MSM	C	-2.87%
CHRW	B	-2.82%
HRI	C	-2.74%
ATKR	D	-2.73%
DY	D	-2.72%
CLH	C	-2.71%
PRIM	A	-2.63%
CNM	D	-2.56%
MTZ	B	-2.55%
FIX	A	-2.52%
WMS	F	-2.33%
ROAD	B	-2.16%
HII	F	-2.08%
ACA	A	-1.75%
MWA	B	-1.74%
FNB	A	-1.72%
STRL	A	-1.71%
ASB	B	-1.42%
WTFC	A	-1.41%
ONB	C	-1.38%
MRCY	C	-1.28%
GBX	A	-1.15%
HEES	C	-1.12%
VSEC	C	-1.06%
BLBD	D	-0.96%
FULT	A	-0.94%
TGI	B	-0.91%
FFBC	B	-0.87%
LMB	B	-0.83%
TPC	C	-0.81%
PRLB	B	-0.8%
XMTR	B	-0.78%
PRK	B	-0.78%
FRME	B	-0.77%
FCF	B	-0.67%
AMRC	F	-0.62%
TRNS	D	-0.53%