ARVR vs. FEPI ETF Comparison

Comparison of First Trust Indxx Metaverse ETF (ARVR) to REX FANG & Innovation Equity Premium Income ETF (FEPI)

ARVR

First Trust Indxx Metaverse ETF

ARVR Description

The investment seeks to provide investment results that, before fees and expenses, track the price return performance of the EQM Tactile AR/VR Virtual Technology Index. The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to track the performance of companies that are expected to benefit from the increased adoption of augmented reality ("AR") and virtual reality ("VR") technologies. The fund will concentrate its investments in a particular industry or group of industries to approximately the same extent that the index concentrates in an industry or group of industries. It is non-diversified.

Grade (RS Rating)

Last Trade

$35.38

Average Daily Volume

213

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$50.93

Average Daily Volume

192,748

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ARVR	FEPI
30 Days	-5.68%	-6.02%
60 Days	-2.07%	-0.48%
90 Days	0.73%	2.49%
12 Months	11.55%

9 Overlapping Holdings

Symbol	Grade	Weight in ARVR	Weight in FEPI	Overlap
AAPL	C	3.08%	7.31%	3.08%
ADBE	B	3.13%	6.89%	3.13%
AMD	F	2.48%	7.27%	2.48%
INTC	F	3.01%	7.15%	3.01%
META	C	2.93%	6.39%	2.93%
MSFT	D	3.01%	6.42%	3.01%
MU	D	2.71%	5.86%	2.71%
NFLX	D	3.12%	6.17%	3.12%
NVDA	D	2.86%	6.45%	2.86%

ARVR Overweight 14 Positions Relative to FEPI

Symbol	Grade	Weight
ZM	F	3.42%
RBLX	C	3.39%
TXN	C	3.25%
EA	B	3.22%
TTWO	F	3.21%
MCHP	F	3.04%
APH	D	2.96%
QCOM	D	2.9%
SNPS	F	2.89%
SONY	D	2.85%
TSM	D	2.83%
SNAP	F	2.62%
U	F	1.27%
TDOC	F	1.26%

ARVR Underweight 6 Positions Relative to FEPI

Symbol	Grade	Weight
TSLA	C	-9.06%
CRM	C	-7.0%
PANW	C	-6.82%
AMZN	D	-6.73%
GOOGL	D	-6.7%
AVGO	D	-6.61%