XSHQ vs. MRGR ETF Comparison

Comparison of PowerShares S&P SmallCap Quality Portfolio (XSHQ) to ProShares Merger ETF (MRGR)

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

$38.97

Average Daily Volume

35,239

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

MRGR

ProShares Merger ETF

MRGR Description

The investment seeks investment results, before fees and expenses, that track the performance of the S&P Merger Arbitrage Index (the "index"). The fund is designed to track the performance of the index and provide exposure to a global merger arbitrage strategy. The index, and by extension the fund, seeks to produce consistent, positive returns in virtually all market environments, although there are no assurances it will achieve this result. The fund is non-diversified. The index seeks to provide a risk arbitrage strategy that exploits commonly observed price changes associated with a global selection of publicly announced mergers, acquisitions and other corporate reorganizations. Historically, the index has exhibited market neutral characteristics, lower volatility compared to the S&P 500, and a low correlation to S&P 500 returns.

Grade (RS Rating)

Last Trade

$40.05

Average Daily Volume

2,200

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSHQ	MRGR
30 Days	-3.32%	-0.41%
60 Days	-2.82%	-0.28%
90 Days	0.87%	-0.13%
12 Months	18.33%	5.81%

0 Overlapping Holdings

	Symbol	Grade	Weight in XSHQ	Weight in MRGR	Overlap

XSHQ Overweight 114 Positions Relative to MRGR

Symbol	Grade	Weight
SM	A	2.5%
MLI	A	2.45%
APAM	B	2.24%
IBP	B	2.22%
AMR	D	1.99%
AAON	A	1.98%
ABG	D	1.94%
BMI	A	1.87%
ASO	D	1.75%
RDN	B	1.67%
WDFC	D	1.67%
HP	A	1.66%
HI	B	1.63%
WIRE	A	1.58%
SIG	C	1.57%
LBRT	A	1.57%
CEIX	B	1.57%
CRC	A	1.47%
GMS	B	1.41%
PTEN	D	1.4%
HCC	A	1.35%
ACA	D	1.35%
PARR	D	1.32%
NPO	C	1.32%
JBT	F	1.28%
OTTR	B	1.27%
FBP	B	1.25%
SHOO	C	1.22%
SANM	D	1.21%
KTB	B	1.17%
FTDR	D	1.16%
CALM	A	1.11%
WOR	D	1.1%
BRC	B	1.08%
DIOD	D	1.06%
CRVL	C	1.04%
IOSP	C	1.04%
KLIC	D	1.04%
SLVM	A	1.04%
AMN	F	1.03%
MHO	D	1.01%
CCOI	D	0.98%
IDCC	B	0.97%
NMIH	B	0.96%
CARG	C	0.94%
EXTR	F	0.88%
CATY	D	0.88%
AX	B	0.85%
SXI	C	0.84%
EVTC	D	0.83%
BLMN	B	0.82%
TBBK	D	0.82%
CPRX	B	0.8%
PRGS	F	0.78%
IPAR	D	0.78%
PLAB	D	0.72%
PLMR	A	0.71%
EPAC	A	0.67%
ODP	C	0.65%
CVI	C	0.64%
DFIN	B	0.61%
NATL	A	0.61%
PRG	D	0.6%
WNC	D	0.6%
BKE	D	0.59%
FIZZ	F	0.59%
OFG	B	0.58%
WABC	B	0.58%
LGND	B	0.55%
HWKN	A	0.54%
LKFN	B	0.54%
SDGR	F	0.53%
VRTS	C	0.53%
CHCO	B	0.53%
CASH	B	0.52%
AMWD	C	0.51%
CAL	D	0.5%
CSGS	D	0.49%
APOG	A	0.48%
LPG	A	0.47%
LNN	D	0.47%
BANF	B	0.45%
RGR	B	0.44%
CARS	D	0.43%
POWL	C	0.42%
GDEN	D	0.42%
NX	B	0.42%
ATEN	D	0.42%
JBSS	D	0.42%
SLCA	A	0.42%
PFBC	A	0.41%
PDFS	F	0.41%
AMSF	B	0.4%
EIG	B	0.39%
MCRI	C	0.38%
MNRO	F	0.33%
CRK	B	0.32%
MRTN	D	0.32%
IIIN	D	0.3%
CLB	B	0.3%
SLP	A	0.29%
MYE	A	0.26%
ZEUS	B	0.25%
RES	A	0.24%
FWRD	F	0.24%
MED	F	0.24%
TWI	D	0.24%
CLW	A	0.23%
HCI	A	0.23%
CCRN	F	0.2%
USNA	F	0.19%
CPF	A	0.16%
RGP	F	0.14%
SPWR	F	0.07%

XSHQ Underweight 26 Positions Relative to MRGR

Symbol	Grade	Weight
WRK	A	-3.29%
EVBG	A	-3.2%
ETRN	A	-2.87%
PXD	A	-2.83%
EDR	A	-2.65%
FUSN	A	-2.64%
SWAV	A	-2.64%
MODN	A	-2.63%
AIRC	A	-2.63%
MDC	A	-2.61%
ANSS	C	-2.61%
CERE	B	-2.59%
DOOR	A	-2.59%
AEL	A	-2.56%
DFS	A	-2.54%
JNPR	C	-2.54%
AXNX	C	-2.54%
NS	B	-2.52%
INBX	C	-2.49%
CHX	A	-2.49%
CTLT	C	-2.43%
HA	C	-2.38%
HES	A	-2.38%
MGRC	D	-2.37%
X	D	-2.14%
CPRI	F	-1.83%