XTL vs. XSHQ ETF Comparison

Comparison of SPDR S&P Telecom ETF (XTL) to PowerShares S&P SmallCap Quality Portfolio (XSHQ)

XTL

SPDR S&P Telecom ETF

XTL Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the telecommunications segment of a U.S. total market composite index. In seeking to track the performance of the S&P Telecom 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 telecommunications industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$70.36

Average Daily Volume

2,363

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$40.20

Average Daily Volume

40,292

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	XTL	XSHQ
30 Days	-1.35%	-0.59%
60 Days	-5.98%	-0.05%
90 Days	-8.37%	3.91%
12 Months	-0.26%	24.98%

2 Overlapping Holdings

	Symbol	Grade	Weight in XTL	Weight in XSHQ	Overlap
	CCOI	F	3.77%	0.99%	0.99%
	EXTR	F	3.77%	0.92%	0.92%

XTL Overweight 36 Positions Relative to XSHQ

Symbol	Grade	Weight
IRDM	D	4.31%
MSI	A	3.98%
VZ	D	3.93%
TMUS	C	3.88%
T	B	3.83%
TDS	D	3.82%
CSCO	F	3.73%
ANET	D	3.73%
FYBR	B	3.71%
JNPR	D	3.64%
FFIV	F	3.64%
LITE	F	3.53%
VSAT	D	3.38%
CIEN	D	3.33%
CALX	F	3.04%
HLIT	F	2.78%
AAOI	F	2.68%
VIAV	F	2.6%
LUMN	F	2.59%
INFN	C	2.41%
NTCT	F	2.39%
UI	D	2.35%
USM	C	1.82%
GOGO	C	1.81%
GSAT	F	1.67%
NPAB	B	1.66%
LILAK	B	1.37%
CLFD	B	1.31%
DGII	F	1.22%
NTGR	F	0.81%
BAND	B	0.68%
ATEX	F	0.66%
AVNW	F	0.54%
IDT	A	0.5%
SHEN	F	0.43%
ATNI	F	0.27%

XTL Underweight 112 Positions Relative to XSHQ

Symbol	Grade	Weight
MLI	A	-2.69%
SM	B	-2.4%
BMI	A	-2.24%
IBP	D	-2.2%
AMR	D	-2.1%
APAM	D	-2.08%
AAON	C	-2.03%
ABG	C	-1.94%
ASO	D	-1.75%
WIRE	B	-1.73%
HI	D	-1.69%
RDN	C	-1.67%
WDFC	D	-1.6%
LBRT	B	-1.59%
CEIX	D	-1.59%
SIG	D	-1.57%
HP	F	-1.55%
HCC	B	-1.51%
CRC	D	-1.4%
KTB	B	-1.34%
GMS	C	-1.34%
PTEN	F	-1.29%
SANM	B	-1.29%
OTTR	B	-1.28%
ACA	A	-1.27%
FBP	A	-1.26%
SHOO	D	-1.24%
NPO	D	-1.23%
JBT	F	-1.23%
PARR	F	-1.21%
FTDR	B	-1.18%
DIOD	B	-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	B	-1.0%
NMIH	A	-0.99%
AMN	D	-0.99%
CARG	C	-0.96%
AX	B	-0.9%
CATY	D	-0.88%
SXI	D	-0.85%
EVTC	F	-0.84%
TBBK	F	-0.8%
BLMN	F	-0.8%
PRGS	D	-0.76%
CPRX	D	-0.75%
PLMR	A	-0.73%
IPAR	D	-0.72%
PLAB	C	-0.72%
EPAC	A	-0.69%
ODP	C	-0.65%
DFIN	B	-0.63%
PRG	B	-0.62%
OFG	B	-0.6%
CVI	F	-0.6%
NATL	B	-0.59%
BKE	D	-0.58%
WABC	B	-0.58%
CHCO	B	-0.56%
LKFN	D	-0.55%
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	C	-0.51%
SLCA	B	-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	B	-0.43%
CARS	D	-0.43%
JBSS	D	-0.42%
PFBC	A	-0.42%
PDFS	F	-0.39%
EIG	D	-0.39%
AMSF	D	-0.38%
GDEN	F	-0.38%
NX	D	-0.38%
MCRI	D	-0.36%
CRK	B	-0.33%
MRTN	D	-0.32%
MNRO	F	-0.3%
CLB	F	-0.29%
IIIN	D	-0.28%
SLP	B	-0.27%
MYE	D	-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	F	-0.18%
CPF	B	-0.17%
RGP	F	-0.13%
SPWR	F	-0.05%