XSLV vs. SMHB ETF Comparison

Comparison of PowerShares S&P SmallCap Low Volatility Portfolio (XSLV) to ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B (SMHB)

XSLV

PowerShares S&P SmallCap Low Volatility Portfolio

XSLV Description

The PowerShares S&P SmallCap Low Volatility Portfolio (Fund) is based on the S&P SmallCap 600 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 120 out of 600 small-capitalization range securities from the S&P SmallCap 600 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$50.65

Average Daily Volume

18,871

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

SMHB

ETRACS Monthly Pay 2x Leveraged Small Cap High Dividend ETN Series B

SMHB Description

The investment seeks to provide a two times leveraged return linked to the compounded monthly performance of the Solactive US Small Cap High Dividend Index (the “index”). The index is designed to measure the performance of 100 relatively small capitalization, dividend yielding index constituent securities selected from a universe of qualifying U.S. listed equity securities. The Securities are two times leveraged with respect to the index and, as a result, will benefit from two times any beneficial, but will be exposed to two times any adverse, compounded monthly performance of the index.

Grade (RS Rating)

Last Trade

$5.70

Average Daily Volume

40,001

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	XSLV	SMHB
30 Days	5.39%	-9.80%
60 Days	5.01%	-10.51%
90 Days	6.05%	-1.80%
12 Months	26.40%	14.54%

10 Overlapping Holdings

Symbol	Grade	Weight in XSLV	Weight in SMHB	Overlap
AHH	D	0.71%	0.27%	0.27%
BFS	C	0.85%	0.14%	0.14%
CTRE	C	1.1%	1.16%	1.1%
EFC	C	0.83%	1.0%	0.83%
FCPT	C	0.96%	1.0%	0.96%
GTY	A	0.97%	0.44%	0.44%
LTC	B	1.11%	0.91%	0.91%
NWBI	B	0.82%	0.77%	0.77%
UHT	D	0.67%	0.36%	0.36%
WSR	A	0.84%	0.46%	0.46%

XSLV Overweight 108 Positions Relative to SMHB

Symbol	Grade	Weight
EIG	B	1.17%
AMSF	B	1.09%
EPRT	B	1.06%
RHI	C	1.06%
PECO	A	1.03%
HMN	B	1.01%
IDCC	B	1.01%
FELE	B	1.0%
PBH	A	1.0%
MSGS	A	1.0%
SKT	A	1.0%
MCRI	A	1.0%
PJT	A	0.99%
CHCO	B	0.98%
AGO	B	0.98%
PIPR	A	0.98%
CASH	B	0.98%
PRGS	A	0.96%
APOG	C	0.96%
SAFT	B	0.96%
IOSP	C	0.96%
AWI	A	0.95%
TR	B	0.95%
MLI	B	0.95%
SHO	D	0.94%
INVA	D	0.94%
APLE	B	0.93%
BSIG	A	0.93%
ESE	B	0.93%
AWR	B	0.92%
PINC	B	0.91%
NPK	B	0.91%
UE	B	0.91%
COOP	B	0.9%
SNEX	B	0.89%
ACA	A	0.89%
BRC	D	0.89%
BCPC	B	0.89%
PLXS	B	0.89%
HUBG	A	0.88%
AKR	B	0.88%
CPF	B	0.87%
GTES	A	0.87%
CPK	A	0.86%
KFY	B	0.86%
NMIH	C	0.86%
ALEX	B	0.86%
MOG.A	B	0.86%
WERN	C	0.85%
NBHC	C	0.85%
EPAC	C	0.85%
MGY	A	0.84%
FHB	B	0.84%
WABC	B	0.84%
MTX	B	0.84%
AL	B	0.84%
DRH	B	0.84%
KAR	B	0.84%
FDP	B	0.83%
FUL	F	0.83%
HSTM	B	0.83%
KMT	B	0.83%
UTL	B	0.82%
PSMT	D	0.82%
WT	A	0.82%
RDN	D	0.82%
AVA	A	0.8%
VRE	B	0.8%
SXT	C	0.8%
NWN	A	0.8%
MMSI	A	0.79%
GNW	A	0.79%
SMPL	B	0.78%
SNDR	B	0.78%
FBP	C	0.77%
OFG	B	0.77%
FBRT	D	0.77%
SHOO	F	0.77%
HTH	C	0.77%
LXP	D	0.77%
CWT	C	0.76%
NAVI	F	0.76%
EPC	F	0.76%
SJW	F	0.76%
UNF	B	0.75%
CNXN	C	0.75%
MRTN	D	0.74%
EVTC	B	0.74%
NHC	C	0.74%
EZPW	B	0.73%
CSR	B	0.72%
ELME	D	0.71%
TNC	D	0.7%
DFIN	D	0.7%
SPNT	B	0.7%
JJSF	C	0.7%
USPH	B	0.69%
FSS	B	0.69%
ADUS	D	0.68%
NVEE	F	0.67%
RGR	F	0.66%
SPTN	D	0.65%
AIN	C	0.64%
VRRM	F	0.64%
NSIT	F	0.64%
JBSS	F	0.63%
NABL	F	0.56%
KELYA	F	0.55%

XSLV Underweight 80 Positions Relative to SMHB

Symbol	Grade	Weight
SLG	B	-4.87%
XRX	F	-4.09%
DTM	A	-3.81%
BXMT	C	-3.43%
DSS	F	-2.87%
TWO	F	-2.87%
CIM	D	-2.62%
BDN	C	-2.41%
BGS	F	-2.41%
SBRA	C	-2.38%
EPR	C	-2.34%
ABR	C	-2.21%
APAM	B	-2.02%
PAGP	A	-1.88%
UNIT	B	-1.86%
UWMC	D	-1.84%
ARR	D	-1.65%
NHI	D	-1.64%
ORC	B	-1.51%
CCOI	B	-1.51%
PSEC	D	-1.47%
IVR	F	-1.43%
DEA	D	-1.35%
PMT	C	-1.35%
MFA	D	-1.27%
RWT	D	-1.24%
PETS	C	-1.13%
MAIN	A	-1.09%
HTGC	D	-1.03%
ARI	C	-1.02%
GNL	F	-1.01%
PDM	D	-0.99%
GSBD	F	-0.94%
NEWT	C	-0.94%
NYMT	C	-0.93%
DX	B	-0.89%
KREF	C	-0.8%
VGR	B	-0.79%
GBDC	D	-0.73%
CODI	B	-0.72%
VNOM	A	-0.65%
SCS	C	-0.65%
RC	D	-0.65%
ACRE	B	-0.64%
LADR	B	-0.62%
TSLX	C	-0.62%
HESM	B	-0.59%
UVV	B	-0.54%
OCSL	F	-0.54%
AROC	A	-0.53%
GMRE	F	-0.5%
ILPT	F	-0.49%
BRSP	C	-0.49%
ALX	D	-0.45%
OPI	F	-0.4%
RMR	F	-0.38%
NMFC	D	-0.38%
GPMT	C	-0.34%
CSWC	D	-0.34%
GOOD	B	-0.33%
FSP	B	-0.29%
TRTX	C	-0.29%
TCPC	C	-0.27%
CGBD	C	-0.25%
BCSF	C	-0.24%
TPVG	B	-0.23%
PFLT	D	-0.23%
SLRC	A	-0.23%
UVE	B	-0.22%
BBDC	A	-0.22%
KRO	C	-0.2%
EBF	F	-0.18%
GAIN	B	-0.17%
PNNT	C	-0.16%
OLP	B	-0.16%
FDUS	A	-0.16%
GLAD	B	-0.15%
TRIN	A	-0.12%
CCAP	A	-0.1%
REPX	A	-0.07%

SMHB: Top Represented Industries & Keywords

Industries: Asset Management REIT - Diversified REIT - Office REIT - Healthcare Facilities REIT - Retail REIT - Residential Oil & Gas Midstream Credit Services Business Equipment REIT - Industrial Specialty Finance Tobacco Business Services Conglomerates Information Technology Services Insurance - Property & Casualty Oil & Gas E&P Oil & Gas Equipment & Services Packaged Foods Pharmaceutical Retailers