XSHQ vs. DSMC ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to Distillate Small/Mid Cash Flow ETF (DSMC)

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

DSMC

Distillate Small/Mid Cash Flow ETF

DSMC Description

Distillate Small/Mid Cash Flow ETF is an exchange traded fund launched by ETF Series Solutions. The fund is co-managed by Distillate Capital Partners LLC and Vident Investment Advisory, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across diversified market capitalization. It employs proprietary research to create its portfolio. Distillate Small/Mid Cash Flow ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$37.26

Average Daily Volume

11,162

Number of Holdings ^*

141

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	DSMC
30 Days	6.69%	4.84%
60 Days	7.76%	4.92%
90 Days	9.41%	4.38%
12 Months	28.24%	21.15%

32 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in DSMC	Overlap
AMR	C	1.06%	1.46%	1.06%
AMWD	C	0.47%	0.58%	0.47%
ANDE	D	0.55%	0.45%	0.45%
APAM	B	2.07%	0.56%	0.56%
APOG	C	0.7%	0.59%	0.59%
ARCH	B	1.05%	1.3%	1.05%
ASO	F	1.15%	0.62%	0.62%
BCC	B	1.64%	0.86%	0.86%
BKE	B	0.7%	0.57%	0.57%
CAL	F	0.36%	0.36%	0.36%
CEIX	A	1.4%	0.97%	0.97%
COLL	F	0.38%	0.38%	0.38%
GDEN	B	0.39%	0.48%	0.39%
GIII	D	0.49%	0.53%	0.49%
GMS	B	1.1%	0.7%	0.7%
HRMY	D	0.37%	0.43%	0.37%
IDCC	B	1.33%	1.54%	1.33%
LCII	C	0.85%	0.66%	0.66%
LPG	F	0.31%	0.35%	0.31%
MCRI	A	0.35%	0.54%	0.35%
OXM	F	0.35%	0.52%	0.35%
PCRX	C	0.22%	0.51%	0.22%
PLAB	C	0.43%	0.43%	0.43%
PRG	C	0.59%	0.54%	0.54%
RES	D	0.13%	0.42%	0.13%
ROCK	C	0.71%	0.52%	0.52%
SHOO	F	0.84%	0.51%	0.51%
SIG	B	1.51%	0.92%	0.92%
SM	B	1.36%	0.71%	0.71%
VRTS	B	0.43%	0.64%	0.43%
WNC	C	0.35%	0.46%	0.35%
WOR	F	0.58%	0.41%	0.41%

XSHQ Overweight 82 Positions Relative to DSMC

Symbol	Grade	Weight
MLI	B	4.25%
JXN	C	3.19%
AWI	A	2.57%
KTB	B	2.13%
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%
FSS	B	1.6%
FTDR	B	1.58%
WDFC	B	1.58%
BCPC	B	1.46%
POWL	C	1.44%
RDN	D	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%
FBP	C	1.14%
AGYS	A	1.14%
TBBK	B	1.11%
BRC	D	1.08%
DORM	B	1.03%
HP	C	1.02%
CATY	B	0.98%
AEO	F	0.98%
NMIH	C	0.94%
OTTR	C	0.89%
EPAC	C	0.85%
PAYO	A	0.84%
UE	B	0.81%
PATK	C	0.79%
PLMR	A	0.78%
IOSP	C	0.77%
CASH	B	0.74%
YELP	C	0.7%
OFG	B	0.61%
IPAR	B	0.61%
SXI	B	0.6%
HWKN	B	0.58%
CENX	B	0.58%
DFIN	D	0.56%
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%
LKFN	C	0.51%
ASTH	F	0.5%
NHC	C	0.48%
GRBK	D	0.47%
FIZZ	C	0.45%
CSGS	B	0.44%
WT	A	0.44%
DNOW	B	0.43%
PDCO	F	0.43%
TILE	B	0.42%
ATEN	A	0.42%
AMSF	B	0.41%
PFBC	B	0.4%
STAA	F	0.39%
LNN	B	0.37%
EIG	B	0.36%
HCI	C	0.31%
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%
GES	F	0.12%
NPK	B	0.11%
USNA	C	0.11%

XSHQ Underweight 109 Positions Relative to DSMC

Symbol	Grade	Weight
DDS	B	-1.84%
OC	A	-1.69%
TOL	B	-1.55%
CHRD	D	-1.29%
CF	A	-1.27%
ATKR	D	-1.27%
WEX	D	-1.2%
STRL	A	-1.17%
TPR	B	-1.14%
ETSY	D	-1.13%
JAZZ	B	-1.06%
KBH	D	-0.99%
ALSN	B	-0.97%
CROX	D	-0.97%
TAP	C	-0.95%
RHI	C	-0.93%
MATX	C	-0.91%
AGX	B	-0.91%
VSCO	C	-0.91%
OVV	B	-0.88%
GPOR	B	-0.87%
OSK	C	-0.86%
QRVO	F	-0.83%
MTDR	B	-0.79%
CALM	A	-0.79%
THO	B	-0.79%
BBWI	C	-0.79%
LOPE	C	-0.76%
AR	B	-0.74%
DOX	D	-0.73%
SEIC	B	-0.72%
TMHC	C	-0.72%
COLM	C	-0.69%
HCC	B	-0.69%
CRI	F	-0.69%
DINO	D	-0.68%
CIVI	D	-0.67%
BWA	D	-0.67%
CRC	A	-0.66%
G	B	-0.65%
RRC	B	-0.65%
BXC	B	-0.65%
EEFT	B	-0.64%
SXC	A	-0.63%
FHI	B	-0.63%
BCO	F	-0.62%
IPG	D	-0.61%
TEX	F	-0.61%
DBX	B	-0.61%
VCTR	B	-0.61%
LKQ	F	-0.6%
PBH	A	-0.6%
MD	C	-0.6%
SLVM	B	-0.6%
APA	D	-0.6%
ZD	B	-0.59%
MGY	A	-0.59%
NVST	B	-0.58%
VSTO	A	-0.58%
MOS	F	-0.57%
KFY	B	-0.57%
WGO	C	-0.56%
CHX	C	-0.56%
KLIC	B	-0.56%
MUR	D	-0.56%
NX	C	-0.55%
HSII	B	-0.55%
PRDO	B	-0.55%
MBUU	B	-0.54%
TPH	D	-0.54%
HUBG	A	-0.54%
IMXI	B	-0.53%
ARLP	A	-0.52%
TDC	D	-0.52%
PINC	B	-0.52%
CTS	C	-0.52%
AB	B	-0.51%
EVRI	A	-0.5%
CLF	F	-0.49%
SUPN	C	-0.49%
SBH	C	-0.48%
MAN	F	-0.48%
CARS	C	-0.48%
DIOD	D	-0.47%
BSM	B	-0.47%
EXPI	D	-0.47%
WKC	C	-0.47%
NTCT	C	-0.47%
REVG	C	-0.46%
KRP	B	-0.46%
CNXN	C	-0.46%
GNK	D	-0.46%
TRIP	F	-0.46%
DXC	B	-0.46%
INSW	F	-0.45%
NSP	F	-0.45%
INVA	D	-0.45%
EXTR	C	-0.45%
COHU	C	-0.44%
ETD	C	-0.43%
XRAY	F	-0.43%
HLX	B	-0.42%
SSTK	F	-0.42%
RPAY	D	-0.42%
ODP	F	-0.42%
RGR	F	-0.42%
SCHL	F	-0.36%
JBI	F	-0.31%
ASC	F	-0.29%