XSHQ vs. KBE ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to SPDR S&P Bank ETF (KBE)

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

$39.76

Average Daily Volume

40,866

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

KBE

SPDR S&P Bank ETF

KBE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index that tracks the performance of publicly traded national money centers and leading regional banks. In seeking to track the performance of the S&P Banks Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the banks industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.39

Average Daily Volume

2,457,996

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	KBE
30 Days	-1.80%	1.93%
60 Days	-0.90%	5.86%
90 Days	1.60%	6.15%
12 Months	26.74%	50.17%

7 Overlapping Holdings

Symbol	Grade	Weight in XSHQ	Weight in KBE	Overlap
AX	A	0.9%	1.46%	0.9%
CATY	D	0.88%	0.47%	0.47%
FBP	A	1.26%	0.97%	0.97%
LKFN	D	0.55%	0.3%	0.3%
NMIH	A	0.99%	0.71%	0.71%
RDN	C	1.67%	1.46%	1.46%
TBBK	F	0.8%	0.82%	0.8%

XSHQ Overweight 107 Positions Relative to KBE

Symbol	Grade	Weight
MLI	B	2.69%
SM	B	2.4%
BMI	A	2.24%
IBP	C	2.2%
AMR	D	2.1%
APAM	D	2.08%
AAON	C	2.03%
ABG	F	1.94%
ASO	D	1.75%
WIRE	A	1.73%
HI	F	1.69%
WDFC	D	1.6%
LBRT	B	1.59%
CEIX	F	1.59%
SIG	C	1.57%
HP	F	1.55%
HCC	B	1.51%
CRC	F	1.4%
KTB	B	1.34%
GMS	C	1.34%
PTEN	F	1.29%
SANM	B	1.29%
OTTR	B	1.28%
ACA	B	1.27%
SHOO	D	1.24%
NPO	D	1.23%
JBT	F	1.23%
PARR	F	1.21%
FTDR	B	1.18%
DIOD	C	1.1%
SLVM	A	1.1%
BRC	B	1.08%
WOR	D	1.07%
CRVL	C	1.05%
MHO	D	1.03%
IOSP	C	1.02%
CALM	D	1.02%
KLIC	D	1.01%
IDCC	C	1.0%
CCOI	F	0.99%
AMN	D	0.99%
CARG	C	0.96%
EXTR	F	0.92%
SXI	C	0.85%
EVTC	F	0.84%
BLMN	F	0.8%
PRGS	F	0.76%
CPRX	D	0.75%
PLMR	B	0.73%
IPAR	F	0.72%
PLAB	C	0.72%
EPAC	A	0.69%
ODP	C	0.65%
DFIN	A	0.63%
PRG	B	0.62%
OFG	A	0.6%
CVI	F	0.6%
NATL	B	0.59%
BKE	D	0.58%
WABC	B	0.58%
CHCO	B	0.56%
FIZZ	D	0.55%
CASH	B	0.55%
WNC	F	0.54%
HWKN	A	0.53%
APOG	A	0.52%
VRTS	D	0.52%
CAL	D	0.51%
SLCA	A	0.5%
LPG	B	0.5%
BANF	B	0.48%
LGND	D	0.48%
CSGS	F	0.48%
AMWD	D	0.48%
LNN	C	0.47%
POWL	B	0.47%
SDGR	F	0.46%
RGR	C	0.44%
ATEN	A	0.43%
CARS	D	0.43%
JBSS	F	0.42%
PFBC	A	0.42%
PDFS	D	0.39%
EIG	D	0.39%
AMSF	F	0.38%
GDEN	F	0.38%
NX	D	0.38%
MCRI	C	0.36%
CRK	C	0.33%
MRTN	D	0.32%
MNRO	F	0.3%
CLB	D	0.29%
IIIN	D	0.28%
SLP	B	0.27%
MYE	A	0.26%
MED	F	0.25%
HCI	B	0.24%
ZEUS	F	0.24%
CLW	B	0.23%
TWI	F	0.23%
RES	F	0.21%
FWRD	F	0.19%
CCRN	F	0.19%
USNA	D	0.18%
CPF	A	0.17%
RGP	D	0.13%
SPWR	F	0.05%

XSHQ Underweight 84 Positions Relative to KBE

Symbol	Grade	Weight
JXN	A	-1.68%
FCNCA	B	-1.65%
EQH	A	-1.57%
CRBG	A	-1.55%
C	A	-1.53%
BAC	B	-1.51%
WFC	B	-1.49%
PNC	A	-1.48%
CADE	B	-1.48%
OZK	B	-1.48%
BK	A	-1.47%
MTG	C	-1.47%
BPOP	A	-1.47%
JPM	B	-1.46%
APO	D	-1.46%
MTB	A	-1.46%
PB	B	-1.45%
COOP	A	-1.45%
CFG	A	-1.45%
NTRS	C	-1.45%
CFR	C	-1.45%
ASB	A	-1.44%
FITB	A	-1.44%
TFC	A	-1.44%
WTFC	A	-1.44%
HBAN	A	-1.43%
RF	B	-1.42%
FHN	A	-1.41%
CMA	B	-1.41%
VOYA	C	-1.41%
ONB	A	-1.41%
EWBC	A	-1.41%
COLB	C	-1.39%
PNFP	C	-1.39%
VLY	D	-1.39%
ZION	A	-1.39%
KEY	C	-1.39%
WAL	C	-1.38%
USB	C	-1.35%
BANC	C	-1.35%
SSB	D	-1.34%
WBS	D	-1.33%
BKU	B	-1.32%
SNV	C	-1.31%
TCBI	B	-1.29%
NYCB	D	-1.28%
CBSH	A	-1.26%
ESNT	D	-1.23%
FNB	A	-1.19%
HOMB	A	-1.19%
GBCI	C	-1.18%
HWC	A	-1.06%
BOH	D	-1.02%
UBSI	D	-1.02%
WD	C	-1.02%
PFSI	A	-0.97%
ABCB	B	-0.93%
FIBK	B	-0.92%
UMBF	B	-0.84%
FULT	A	-0.79%
UCBI	B	-0.79%
FHB	A	-0.76%
CVBF	D	-0.74%
INDB	C	-0.69%
FFIN	C	-0.67%
CBU	C	-0.64%
BOKF	A	-0.64%
WSFS	A	-0.62%
PPBI	D	-0.58%
IBOC	A	-0.55%
SFBS	C	-0.53%
SBCF	C	-0.5%
EBC	C	-0.49%
HTH	C	-0.48%
AUB	C	-0.46%
WAFD	B	-0.44%
BANR	B	-0.42%
SFNC	D	-0.42%
IBTX	D	-0.42%
FRME	B	-0.39%
TRMK	A	-0.39%
FFBC	A	-0.38%
RNST	C	-0.34%
WSBC	D	-0.25%