BTAL vs. FVD ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to First Trust VL Dividend (FVD)

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.01

Average Daily Volume

445,126

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

FVD

First Trust VL Dividend

FVD Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.24

Average Daily Volume

487,998

Number of Holdings ^*

201

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	FVD
30 Days	-4.57%	1.87%
60 Days	-3.16%	2.34%
90 Days	-3.70%	4.86%
12 Months	-6.81%	22.35%

67 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in FVD	Overlap
ABBV	D	0.36%	0.42%	0.36%
ACN	C	0.44%	0.45%	0.44%
ADP	B	0.46%	0.48%	0.46%
AEE	A	0.49%	0.47%	0.47%
AIZ	A	0.48%	0.52%	0.48%
ALL	A	0.48%	0.47%	0.47%
AMGN	D	0.37%	0.43%	0.37%
AWK	D	-0.42%	0.44%	-0.42%
BLK	C	-0.54%	0.49%	-0.54%
BMY	B	0.51%	0.52%	0.51%
CB	C	0.45%	0.45%	0.45%
CHRW	C	0.45%	0.48%	0.45%
CME	A	0.47%	0.46%	0.46%
CMS	C	0.44%	0.44%	0.44%
CPB	D	0.38%	0.44%	0.38%
CSCO	B	0.49%	0.48%	0.48%
CSX	B	0.45%	0.49%	0.45%
CTSH	B	0.43%	0.49%	0.43%
DGX	A	0.45%	0.49%	0.45%
DLB	B	0.43%	0.46%	0.43%
DOX	D	0.43%	0.44%	0.43%
DUK	C	0.43%	0.43%	0.43%
ED	D	0.42%	0.42%	0.42%
FLO	D	0.42%	0.45%	0.42%
G	B	0.49%	0.54%	0.49%
GD	F	0.41%	0.44%	0.41%
GILD	C	0.49%	0.5%	0.49%
GIS	D	0.38%	0.44%	0.38%
HON	B	0.47%	0.48%	0.47%
IBM	C	0.45%	0.42%	0.42%
JNJ	D	0.42%	0.43%	0.42%
JNPR	F	0.39%	0.45%	0.39%
KHC	F	0.38%	0.42%	0.38%
KO	D	0.37%	0.42%	0.37%
KR	B	0.47%	0.49%	0.47%
LMT	D	0.38%	0.41%	0.38%
LNT	A	0.46%	0.45%	0.45%
MCD	D	0.42%	0.44%	0.42%
MKC	D	0.41%	0.45%	0.41%
MMC	B	0.42%	0.46%	0.42%
MSM	C	0.43%	0.48%	0.43%
NEU	C	0.44%	0.49%	0.44%
NOC	D	0.4%	0.44%	0.4%
NWE	B	-0.45%	0.46%	-0.45%
PAYX	C	0.47%	0.48%	0.47%
PFE	D	0.37%	0.42%	0.37%
PKG	A	0.49%	0.5%	0.49%
PNW	B	0.45%	0.48%	0.45%
RTX	C	0.43%	0.44%	0.43%
SIGI	C	0.48%	0.47%	0.47%
SLGN	A	0.46%	0.49%	0.46%
SNA	A	0.55%	0.51%	0.51%
SNX	C	0.41%	0.45%	0.41%
T	A	0.5%	0.48%	0.48%
TGT	F	-0.44%	0.47%	-0.44%
THG	A	0.51%	0.49%	0.49%
TJX	A	0.43%	0.48%	0.43%
TROW	B	-0.48%	0.49%	-0.48%
TRV	B	0.52%	0.46%	0.46%
UNH	C	0.43%	0.48%	0.43%
VZ	C	0.44%	0.43%	0.43%
WEC	A	0.46%	0.45%	0.45%
WM	A	0.45%	0.49%	0.45%
WTW	B	0.45%	0.5%	0.45%
XEL	A	0.5%	0.51%	0.5%
XOM	B	0.44%	0.47%	0.44%
YUM	B	0.43%	0.47%	0.43%

BTAL Overweight 325 Positions Relative to FVD

Symbol	Grade	Weight
MSTR	C	1.19%
BILL	A	0.68%
IBKR	A	0.62%
SFM	A	0.6%
LPLA	A	0.59%
PAYC	B	0.59%
HQY	B	0.58%
UNM	A	0.57%
ALSN	B	0.56%
KMI	A	0.56%
CFLT	B	0.56%
NWL	B	0.54%
BKR	B	0.53%
PCTY	B	0.53%
MKL	A	0.53%
WH	B	0.53%
BWXT	B	0.53%
TGNA	B	0.53%
FFIV	B	0.52%
FTNT	C	0.52%
TXRH	C	0.51%
MSI	B	0.51%
RLI	B	0.51%
PCAR	B	0.51%
MCK	B	0.51%
LNG	B	0.51%
WELL	A	0.5%
CHH	A	0.5%
PNM	F	0.5%
ORLY	B	0.5%
CINF	A	0.49%
TMUS	B	0.49%
VFC	C	0.48%
FOXA	B	0.48%
RGA	A	0.48%
VTRS	A	0.48%
LULU	C	0.48%
AXS	A	0.48%
TDY	B	0.48%
BRO	B	0.47%
SBRA	C	0.47%
DBX	B	0.47%
CHD	B	0.47%
GLW	B	0.47%
AON	A	0.47%
HEI	B	0.47%
CW	B	0.47%
RYAN	B	0.47%
EDR	A	0.46%
DRI	B	0.46%
WEN	D	0.46%
RNR	C	0.46%
CF	B	0.46%
ORI	A	0.46%
UTHR	C	0.45%
WRB	A	0.45%
CMG	B	0.45%
REG	B	0.45%
AVB	B	0.45%
ARMK	B	0.45%
PGR	A	0.45%
HIG	B	0.45%
COR	B	0.45%
ADC	B	0.45%
HPQ	B	0.45%
L	A	0.45%
ROP	B	0.45%
JAZZ	B	0.44%
DECK	A	0.44%
EQR	B	0.44%
BWA	D	0.44%
CDP	C	0.44%
CBOE	B	0.43%
VRSN	F	0.43%
CLH	B	0.43%
ZI	D	0.43%
MSFT	F	0.43%
MUSA	A	0.43%
DD	D	0.43%
X	C	0.43%
RSG	A	0.43%
OHI	C	0.43%
ELS	C	0.43%
CCK	C	0.43%
COLM	B	0.43%
AVT	C	0.42%
VICI	C	0.42%
CACI	D	0.42%
CXT	B	0.42%
GLPI	C	0.42%
EG	C	0.42%
HRB	D	0.41%
J	F	0.41%
WPC	D	0.41%
OLLI	D	0.41%
PAG	B	0.41%
BG	F	0.4%
SAIC	F	0.4%
CI	F	0.4%
CHE	D	0.4%
MSA	D	0.4%
TXT	D	0.4%
ASGN	F	0.39%
WTM	A	0.39%
AMCR	D	0.39%
O	D	0.39%
FANG	D	0.39%
ON	D	0.38%
ACGL	D	0.38%
ERIE	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
FCN	D	0.38%
FMC	D	0.37%
MAN	D	0.37%
KBR	F	0.37%
ARW	D	0.37%
GPC	D	0.37%
TNET	D	0.37%
DVN	F	0.37%
MUR	D	0.37%
ST	F	0.36%
MOH	F	0.36%
AKAM	D	0.36%
NEM	D	0.35%
MTCH	D	0.35%
FOXF	F	0.35%
HUM	C	0.34%
AZO	C	0.33%
ELV	F	0.33%
MDU	D	0.32%
CNC	D	0.32%
SRPT	D	0.32%
BMRN	D	0.29%
AGL	F	0.16%
SMCI	F	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
CNXC	F	-0.23%
ENPH	F	-0.23%
MPWR	F	-0.24%
CE	F	-0.24%
WOLF	F	-0.25%
TXG	F	-0.26%
NTLA	F	-0.27%
RKT	F	-0.29%
CELH	F	-0.29%
RIVN	F	-0.3%
OPEN	D	-0.3%
EL	F	-0.31%
TER	D	-0.33%
BRZE	C	-0.33%
COTY	F	-0.33%
AMKR	D	-0.34%
ELF	C	-0.35%
EFX	F	-0.35%
SHLS	F	-0.35%
ARWR	F	-0.35%
AES	F	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
DKS	C	-0.37%
WMS	D	-0.37%
RGEN	D	-0.37%
ALLY	C	-0.37%
NVCR	C	-0.38%
RIG	D	-0.38%
CNM	D	-0.38%
DINO	D	-0.39%
PLD	D	-0.39%
IDXX	F	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	D	-0.4%
WBA	F	-0.4%
ARE	D	-0.4%
FND	C	-0.4%
MKSI	C	-0.4%
AMD	F	-0.4%
BLD	D	-0.4%
KMX	B	-0.4%
FBIN	D	-0.41%
ROIV	C	-0.41%
AGNC	D	-0.41%
W	F	-0.41%
POWI	D	-0.41%
CRL	C	-0.41%
DNLI	D	-0.42%
CHX	C	-0.42%
FCX	D	-0.42%
CZR	F	-0.42%
UBER	D	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
MU	D	-0.43%
ILMN	D	-0.43%
CC	C	-0.43%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	D	-0.43%
SEE	C	-0.44%
THO	B	-0.44%
BLDR	D	-0.44%
F	C	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
UGI	A	-0.44%
RYN	D	-0.44%
APG	B	-0.44%
BBWI	D	-0.44%
TREX	C	-0.45%
D	C	-0.45%
DAR	C	-0.45%
CARR	D	-0.45%
MTDR	B	-0.45%
RMD	C	-0.45%
AVGO	D	-0.45%
OC	A	-0.46%
SMG	D	-0.46%
VEEV	C	-0.46%
BXP	D	-0.46%
LAMR	D	-0.46%
ZS	C	-0.46%
KRC	C	-0.46%
JLL	D	-0.46%
ANET	C	-0.46%
PENN	C	-0.46%
TOL	B	-0.47%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	A	-0.47%
NVDA	C	-0.48%
LNC	B	-0.48%
AXTA	A	-0.49%
OZK	B	-0.49%
USFD	A	-0.49%
PFGC	B	-0.49%
ITT	A	-0.49%
NRG	B	-0.49%
WAL	B	-0.49%
GH	B	-0.49%
SNAP	C	-0.49%
USB	A	-0.49%
CFG	B	-0.49%
NVT	B	-0.49%
RF	A	-0.5%
TTD	B	-0.5%
NET	B	-0.5%
CAR	C	-0.51%
RMBS	C	-0.51%
PWR	A	-0.51%
GNRC	B	-0.51%
TT	A	-0.51%
CBRE	B	-0.51%
RBLX	C	-0.51%
RRC	B	-0.51%
LPX	B	-0.52%
CEG	D	-0.52%
COHR	B	-0.52%
PEN	B	-0.52%
ETN	A	-0.52%
IOT	A	-0.52%
URI	B	-0.52%
VNO	B	-0.52%
PYPL	B	-0.52%
ALB	C	-0.52%
DELL	C	-0.53%
ZION	B	-0.53%
MDB	C	-0.53%
AR	B	-0.53%
JHG	A	-0.53%
EXP	A	-0.53%
RH	B	-0.53%
FYBR	D	-0.53%
DKNG	B	-0.53%
INTC	D	-0.54%
SNV	B	-0.54%
FOUR	B	-0.54%
NTRS	A	-0.54%
XPO	B	-0.54%
CMA	A	-0.54%
CG	A	-0.55%
KKR	A	-0.55%
PNFP	B	-0.55%
WCC	B	-0.55%
AA	B	-0.56%
SCHW	B	-0.56%
DAY	B	-0.56%
Z	A	-0.56%
GME	C	-0.56%
EXPE	B	-0.56%
MRVL	B	-0.56%
TDOC	C	-0.56%
NTRA	B	-0.56%
BX	A	-0.57%
CRWD	B	-0.57%
GTLS	B	-0.58%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
PODD	C	-0.59%
DASH	A	-0.59%
SAIA	B	-0.59%
SQ	B	-0.6%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	A	-0.63%
CCL	B	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	C	-0.68%
PTON	B	-0.69%
TSLA	B	-0.7%
TOST	B	-0.71%
COIN	C	-0.71%
HOOD	B	-0.72%
AXON	A	-0.74%
VST	B	-0.76%
SOFI	A	-0.79%
AFRM	B	-0.84%
PLTR	B	-0.87%

BTAL Underweight 134 Positions Relative to FVD

Symbol	Grade	Weight
GRMN	B	-0.59%
GATX	A	-0.54%
EMR	A	-0.54%
CBSH	A	-0.54%
GS	A	-0.53%
DTM	B	-0.53%
PINC	B	-0.53%
RHI	B	-0.53%
INGR	B	-0.52%
MS	A	-0.52%
IDA	A	-0.52%
SEIC	B	-0.52%
MO	A	-0.52%
ETR	B	-0.51%
CMI	A	-0.51%
IOSP	B	-0.51%
IEX	B	-0.51%
JCI	C	-0.51%
SRE	A	-0.5%
NSC	B	-0.5%
WSO	A	-0.5%
HLI	B	-0.5%
LANC	C	-0.5%
CVX	A	-0.5%
CMCSA	B	-0.5%
UVV	B	-0.5%
WERN	C	-0.5%
PM	B	-0.5%
WDFC	B	-0.5%
JPM	A	-0.5%
ITW	B	-0.49%
CPK	A	-0.49%
NDAQ	A	-0.49%
TXN	C	-0.49%
FAST	B	-0.49%
BK	A	-0.48%
OTTR	C	-0.48%
DCI	B	-0.48%
TM	D	-0.48%
EVRG	A	-0.48%
SBUX	A	-0.48%
GNTX	C	-0.48%
NI	A	-0.48%
SCL	C	-0.48%
CLX	B	-0.48%
BKH	A	-0.48%
SWX	B	-0.48%
BTI	B	-0.48%
LECO	B	-0.48%
BR	A	-0.48%
BRC	D	-0.47%
AGR	B	-0.47%
ALE	A	-0.47%
NWN	A	-0.47%
OGS	A	-0.47%
EXPD	D	-0.47%
UPS	C	-0.47%
STZ	D	-0.47%
SXT	B	-0.47%
NDSN	B	-0.47%
NJR	A	-0.47%
PPL	B	-0.47%
ATO	A	-0.47%
MSEX	B	-0.47%
EQIX	A	-0.47%
UNP	C	-0.46%
CNI	D	-0.46%
MMM	D	-0.46%
INFY	B	-0.46%
ABT	B	-0.46%
PG	A	-0.46%
AWR	B	-0.46%
CAT	B	-0.46%
CALM	A	-0.46%
SR	A	-0.46%
POOL	C	-0.46%
K	A	-0.46%
HD	A	-0.46%
TD	F	-0.46%
PSA	D	-0.46%
JJSF	B	-0.46%
LHX	C	-0.46%
PPG	F	-0.45%
TAK	F	-0.45%
SON	D	-0.45%
PEG	A	-0.45%
NFG	A	-0.45%
HSY	F	-0.45%
DE	A	-0.45%
EIX	B	-0.45%
HRL	D	-0.45%
CNA	B	-0.45%
AFL	B	-0.45%
LOW	D	-0.45%
SO	D	-0.44%
AEP	D	-0.44%
ADI	D	-0.44%
TSCO	D	-0.44%
CWT	D	-0.44%
EXC	C	-0.44%
PEP	F	-0.44%
BDX	F	-0.44%
MDT	D	-0.44%
OTIS	C	-0.44%
POR	C	-0.44%
BAH	F	-0.44%
WTRG	B	-0.44%
APD	A	-0.44%
CL	D	-0.43%
MMS	F	-0.43%
UL	D	-0.43%
SJM	D	-0.43%
MRK	F	-0.43%
REYN	D	-0.43%
AVY	D	-0.43%
AOS	F	-0.43%
NKE	D	-0.43%
ES	D	-0.43%
CAG	D	-0.43%
RIO	D	-0.43%
MDLZ	F	-0.43%
DTE	C	-0.43%
TSM	B	-0.43%
NVS	D	-0.42%
GSK	F	-0.42%
KDP	D	-0.42%
SJW	D	-0.42%
KMB	D	-0.42%
DEO	F	-0.41%
SNY	F	-0.41%
BAX	D	-0.4%
AZN	D	-0.39%
HMC	F	-0.39%
HII	D	-0.35%