AGOX vs. FTLS ETF Comparison

Comparison of Adaptive Growth Opportunities ETF (AGOX) to First Trust Long/Short Equity (FTLS)

AGOX

Adaptive Growth Opportunities ETF

AGOX Description

The investment seeks capital appreciation. The fund's portfolio manager seeks to achieve its investment objective of capital appreciation by investing in ETFs that are registered under the Investment Company Act of 1940, as amended and not affiliated with the fund that invest in equity securities of any market capitalization of issuers from a number of countries throughout the world, including emerging market countries. The manager primarily utilizes ETFs and equities but may also use fixed income securities to diversify its asset classes. The fixed income securities in which the fund will invest will be investment grade and may be of any duration or maturity.

Grade (RS Rating)

Last Trade

$28.89

Average Daily Volume

28,990

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$65.10

Average Daily Volume

126,907

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

Performance

Period	AGOX	FTLS
30 Days	-1.77%	0.68%
60 Days	0.94%	4.21%
90 Days	-0.41%	3.64%
12 Months	23.90%	20.39%

21 Overlapping Holdings

Symbol	Grade	Weight in AGOX	Weight in FTLS	Overlap
AAPL	C	1.92%	7.52%	1.92%
AMD	F	0.37%	-0.03%	-0.03%
AMZN	B	7.85%	2.75%	2.75%
AVGO	C	0.13%	1.16%	0.13%
CRS	A	0.87%	0.35%	0.35%
ETN	A	0.84%	-0.58%	-0.58%
GE	D	1.21%	-0.03%	-0.03%
GRBK	D	0.26%	0.1%	0.1%
HWM	A	2.34%	0.97%	0.97%
INTC	C	0.78%	-0.3%	-0.3%
JPM	A	0.35%	0.92%	0.35%
LLY	F	0.23%	0.86%	0.23%
META	C	0.23%	1.84%	0.23%
MMS	D	0.63%	0.11%	0.11%
MSFT	D	1.55%	4.5%	1.55%
NVDA	B	2.36%	4.98%	2.36%
ORCL	A	0.01%	-0.82%	-0.82%
TSLA	B	0.06%	-0.61%	-0.61%
TYL	B	0.29%	-0.25%	-0.25%
VRSK	B	1.09%	-0.54%	-0.54%
XOM	B	0.02%	-0.45%	-0.45%

AGOX Overweight 44 Positions Relative to FTLS

Symbol	Grade	Weight
QQQ	B	22.36%
XLC	B	6.69%
BSX	B	4.6%
SMH	C	1.75%
CRM	A	1.56%
PGR	B	1.33%
VRT	A	1.18%
KCE	A	1.15%
VRTX	C	1.12%
DECK	A	1.09%
FICO	A	1.02%
GWW	A	0.99%
BMI	B	0.9%
CPRT	A	0.86%
T	A	0.83%
TDG	D	0.81%
CEG	D	0.8%
NVO	F	0.74%
XAR	B	0.69%
REGN	F	0.64%
SPSC	D	0.61%
CBOE	D	0.58%
ARGT	A	0.53%
AMP	A	0.46%
IESC	B	0.45%
IR	A	0.45%
BKNG	A	0.45%
ANF	C	0.44%
PTGX	D	0.44%
MOG.A	B	0.42%
RJF	A	0.39%
MDGL	C	0.38%
FSS	C	0.29%
AI	C	0.29%
HUBB	B	0.27%
ECL	D	0.27%
TPH	D	0.26%
AROC	A	0.22%
WINA	B	0.21%
SWKS	F	0.2%
MANH	D	0.2%
PWR	A	0.13%
BAC	A	0.0%
OGIG	B	0.0%

AGOX Underweight 363 Positions Relative to FTLS

Symbol	Grade	Weight
TMUS	A	-2.29%
C	A	-2.21%
LOW	A	-2.16%
ACN	C	-2.13%
SCHW	A	-2.09%
QCOM	F	-2.01%
JNJ	D	-1.94%
PM	A	-1.88%
FDX	A	-1.66%
PH	A	-1.65%
CME	A	-1.58%
MO	A	-1.48%
GOOGL	B	-1.46%
VLO	C	-1.41%
MPC	D	-1.35%
USB	B	-1.34%
ILMN	C	-1.25%
KMI	A	-1.23%
GOOG	B	-1.22%
CL	D	-1.17%
LNG	A	-1.15%
CTAS	B	-1.12%
BRK.A	A	-1.12%
TRV	A	-1.05%
TFC	A	-1.03%
HPQ	B	-1.03%
FIS	B	-0.99%
SYY	D	-0.86%
ALL	A	-0.86%
FANG	D	-0.84%
SYF	A	-0.8%
NTAP	D	-0.79%
JBL	C	-0.79%
PBR	D	-0.72%
RL	B	-0.71%
TWLO	A	-0.7%
AFL	C	-0.69%
TOL	B	-0.66%
EAT	A	-0.63%
CSL	B	-0.6%
NVR	D	-0.56%
CF	A	-0.55%
PNR	A	-0.55%
INSM	D	-0.55%
VLTO	D	-0.5%
BJ	B	-0.49%
FLEX	B	-0.48%
MAS	D	-0.47%
CROX	F	-0.46%
OKTA	D	-0.46%
VRSN	D	-0.46%
ZIM	A	-0.45%
GEN	B	-0.45%
SWK	F	-0.44%
NTRS	A	-0.43%
NVS	D	-0.43%
GL	B	-0.41%
VICI	C	-0.4%
CAG	F	-0.4%
FFIV	B	-0.4%
PENN	B	-0.39%
DBX	C	-0.36%
EXP	B	-0.36%
TTC	D	-0.34%
SNA	A	-0.33%
TKO	C	-0.32%
WRB	A	-0.32%
CCK	D	-0.31%
LPX	A	-0.31%
ALLY	C	-0.31%
JAZZ	A	-0.3%
PI	D	-0.3%
AYI	A	-0.29%
ASO	F	-0.29%
SCHV	B	-0.27%
IWD	B	-0.27%
SPYV	B	-0.26%
RPRX	F	-0.25%
EWBC	A	-0.25%
CNK	A	-0.24%
WHD	B	-0.22%
AIZ	A	-0.22%
KNSL	C	-0.21%
HRB	D	-0.21%
MSM	C	-0.21%
UHS	D	-0.2%
SAM	B	-0.2%
EXEL	B	-0.2%
ALSN	B	-0.2%
MGY	A	-0.2%
TWST	F	-0.19%
COLB	A	-0.18%
THO	B	-0.18%
ADMA	C	-0.17%
ALKS	B	-0.17%
SKYW	A	-0.16%
CALM	A	-0.16%
UMBF	A	-0.16%
PNFP	A	-0.16%
SFM	A	-0.16%
STNG	F	-0.16%
GLBE	B	-0.16%
MATX	B	-0.15%
PRI	A	-0.15%
CRC	B	-0.15%
LEG	F	-0.14%
LOGI	F	-0.14%
AXS	A	-0.14%
CBT	C	-0.14%
BFH	A	-0.14%
ORI	A	-0.14%
MTG	C	-0.13%
GMS	A	-0.13%
VRNA	B	-0.13%
CSWI	B	-0.13%
GM	A	-0.13%
PAA	A	-0.13%
SIGI	A	-0.13%
OPCH	F	-0.12%
WGO	B	-0.12%
KRG	B	-0.12%
PPC	B	-0.12%
GFF	A	-0.12%
FTDR	B	-0.12%
ZWS	B	-0.12%
BFAM	F	-0.12%
CBSH	A	-0.12%
NSA	C	-0.11%
ABM	B	-0.11%
ENLC	A	-0.11%
HESM	C	-0.11%
AM	A	-0.11%
SMPL	B	-0.11%
GBCI	A	-0.1%
TBBK	A	-0.1%
THG	A	-0.1%
LOPE	B	-0.1%
YOU	D	-0.1%
EXTR	B	-0.1%
TCBI	A	-0.1%
RDFN	D	-0.1%
ESNT	D	-0.09%
PRGS	B	-0.09%
DBRG	D	-0.09%
PAYO	A	-0.09%
KFY	B	-0.09%
VCYT	B	-0.09%
FOLD	F	-0.09%
LCII	D	-0.09%
TXG	F	-0.09%
AZZ	B	-0.08%
KMPR	A	-0.08%
UBSI	A	-0.08%
PLXS	B	-0.08%
HAYW	A	-0.08%
RLI	A	-0.08%
EPR	D	-0.08%
BOH	A	-0.08%
CARG	A	-0.08%
LANC	D	-0.08%
CUBI	B	-0.08%
NMIH	D	-0.07%
EBC	A	-0.07%
FHB	A	-0.07%
PBH	A	-0.07%
BCRX	D	-0.07%
REVG	A	-0.07%
WMB	A	-0.07%
AVNT	A	-0.07%
AMPH	F	-0.06%
GSL	F	-0.06%
PLMR	A	-0.06%
WFG	D	-0.06%
ADUS	D	-0.06%
BRC	C	-0.06%
AUB	A	-0.06%
ICFI	F	-0.06%
MQ	F	-0.06%
ROIC	A	-0.06%
OTEX	F	-0.06%
SUPN	B	-0.06%
MYGN	F	-0.05%
COLL	F	-0.05%
TRMD	F	-0.05%
CDNA	D	-0.04%
VIST	C	--0.02%
CBU	A	--0.02%
HLN	D	--0.02%
DNB	B	--0.02%
SAIA	B	--0.02%
COTY	F	--0.02%
KD	A	--0.02%
RIVN	F	--0.02%
FRO	D	--0.02%
COHR	B	--0.02%
UWMC	F	--0.02%
WOLF	F	--0.02%
HON	A	--0.02%
NVEE	F	--0.02%
LKFN	A	--0.02%
AER	B	--0.02%
ARM	F	--0.02%
IBOC	A	--0.02%
RUN	F	--0.02%
VSAT	F	--0.02%
ASPN	F	--0.02%
EA	A	--0.02%
CVX	A	--0.02%
ENS	D	--0.02%
FSLR	F	--0.02%
TFIN	A	--0.03%
ALB	C	--0.03%
MARA	B	--0.03%
RCL	A	--0.03%
HHH	B	--0.03%
UTZ	D	--0.03%
ICHR	C	--0.03%
CNNE	B	--0.03%
NEOG	D	--0.03%
WMT	A	--0.03%
GKOS	B	--0.03%
AMRC	F	--0.03%
BVN	F	--0.03%
RDY	D	--0.03%
CLH	C	--0.03%
BURL	C	--0.03%
NWSA	B	--0.03%
DIOD	F	--0.03%
ARLO	D	--0.03%
OSIS	A	--0.03%
PAR	A	--0.03%
PSMT	D	--0.03%
AZTA	F	--0.03%
SDGR	D	--0.03%
BE	A	--0.03%
RXST	F	--0.03%
TMO	D	--0.03%
BIRK	F	--0.03%
AMRK	F	--0.03%
FAST	B	--0.03%
GPRE	F	--0.03%
SLGN	B	--0.03%
ATEC	C	--0.04%
STZ	D	--0.04%
CTRA	A	--0.04%
CRDO	C	--0.04%
APPN	B	--0.04%
CFLT	C	--0.04%
AMAT	F	--0.04%
IRTC	C	--0.04%
UPST	B	--0.04%
EQT	A	--0.04%
FFIN	A	--0.04%
ERJ	A	--0.04%
RH	C	--0.04%
PRCT	B	--0.04%
ENR	A	--0.04%
OSK	C	--0.04%
AEO	F	--0.05%
ACIW	B	--0.05%
ZD	B	--0.05%
ACVA	A	--0.05%
SOFI	A	--0.05%
VRRM	D	--0.05%
LYFT	B	--0.05%
LMND	A	--0.05%
GATX	A	--0.05%
TTD	B	--0.06%
COP	C	--0.06%
MSA	D	--0.06%
VAL	F	--0.06%
WST	C	--0.06%
AVAV	C	--0.07%
MMYT	C	--0.07%
APO	A	--0.07%
SSB	A	--0.07%
CDW	F	--0.07%
AVY	D	--0.07%
KTOS	B	--0.07%
MUFG	A	--0.07%
HCA	D	--0.07%
DLB	D	--0.07%
SE	B	--0.07%
DY	C	--0.08%
BA	F	--0.08%
VNT	C	--0.08%
NSIT	F	--0.09%
CCOI	B	--0.09%
TRMB	A	--0.09%
R	A	--0.09%
NXPI	F	--0.09%
MAT	C	--0.09%
HAE	A	--0.1%
ING	D	--0.1%
GPC	D	--0.1%
VVV	B	--0.1%
ARGX	B	--0.11%
STM	F	--0.11%
SLB	C	--0.12%
HII	F	--0.12%
IDCC	A	--0.13%
BKR	A	--0.13%
KEYS	C	--0.13%
STE	D	--0.13%
ABT	B	--0.14%
NFLX	A	--0.14%
HQY	A	--0.14%
ASX	F	--0.15%
PKG	B	--0.15%
TM	F	--0.15%
INFY	D	--0.16%
SYK	A	--0.16%
VMC	B	--0.16%
GSK	F	--0.17%
IPG	F	--0.17%
EFX	F	--0.19%
BWXT	A	--0.19%
MU	D	--0.19%
GWRE	B	--0.2%
FMX	F	--0.21%
URI	B	--0.21%
HSBC	A	--0.22%
PCAR	B	--0.22%
CCEP	D	--0.23%
DEO	F	--0.23%
PG	C	--0.25%
KR	B	--0.25%
PANW	B	--0.25%
OMC	C	--0.27%
SAP	C	--0.28%
GEHC	D	--0.28%
NSC	B	--0.28%
MMM	D	--0.3%
ISRG	A	--0.31%
UL	D	--0.31%
SNPS	C	--0.31%
WAT	B	--0.31%
TTWO	A	--0.32%
BABA	D	--0.32%
LMT	D	--0.33%
MDLZ	F	--0.33%
NOW	B	--0.35%
ZBH	C	--0.36%
CMI	A	--0.36%
BK	A	--0.37%
TXN	C	--0.38%
HDB	C	--0.39%
ASML	F	--0.4%
MSI	A	--0.41%
MCD	D	--0.41%
UNH	B	--0.41%
WM	B	--0.46%
MLM	B	--0.49%
DE	D	--0.5%
PNC	A	--0.5%
GD	D	--0.55%
PEP	F	--0.57%
PAYX	B	--0.58%
LIN	D	--0.6%
DIS	A	--0.66%
CMCSA	B	--0.67%
APD	A	--0.69%
CDNS	B	--0.69%