ECLN vs. BOUT ETF Comparison

Comparison of First Trust EIP Carbon Impact ETF (ECLN) to Innovator IBD Breakout Opportunities ETF (BOUT)

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.40

Average Daily Volume

5,901

Number of Holdings ^*

* may have additional holdings in another (foreign) market

BOUT

Innovator IBD Breakout Opportunities ETF

BOUT Description

The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.

Grade (RS Rating)

Last Trade

$35.02

Average Daily Volume

2,240

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	ECLN	BOUT
30 Days	-2.21%	0.27%
60 Days	1.28%	1.63%
90 Days	4.01%	-0.62%
12 Months	4.20%	9.85%

0 Overlapping Holdings

	Symbol	Grade	Weight in ECLN	Weight in BOUT	Overlap

ECLN Overweight 38 Positions Relative to BOUT

Symbol	Grade	Weight
DTM	B	5.84%
AEP	D	4.47%
SRE	B	4.12%
TRGP	A	4.12%
SO	B	3.97%
ATO	C	3.73%
PPL	D	3.4%
XEL	D	3.39%
CQP	C	3.21%
LNT	C	3.2%
WMB	A	3.09%
WEC	D	3.03%
PEG	A	3.01%
CMS	D	2.89%
CWEN	D	2.8%
NFG	C	2.71%
DTE	D	2.63%
EVRG	D	2.52%
IDA	D	2.11%
PWR	D	2.09%
OGS	C	2.01%
AES	D	1.93%
LNG	B	1.83%
FLR	B	1.32%
DUK	D	1.04%
ETR	D	0.97%
NEP	F	0.86%
VST	C	0.79%
WTRG	D	0.7%
OGE	C	0.62%
ES	D	0.61%
CEG	C	0.54%
CNP	B	0.49%
CPK	C	0.45%
AWK	C	0.39%
AEE	D	0.3%
NJR	D	0.19%
EIX	D	0.18%

ECLN Underweight 43 Positions Relative to BOUT

Symbol	Grade	Weight
LOAR	D	-4.48%
VIK	B	-4.38%
CTRI	F	-4.37%
PACS	B	-4.36%
ONON	C	-4.32%
PAL	B	-4.29%
MSDL	B	-4.28%
AHR	A	-4.28%
MPWR	A	-3.87%
KLAC	B	-3.87%
OLED	A	-3.83%
ISRG	B	-3.76%
QRVO	B	-3.75%
SPB	D	-3.72%
NXPI	B	-3.72%
IDCC	A	-3.71%
AMGN	B	-2.52%
RSG	A	-2.5%
RL	C	-2.49%
PSTG	C	-2.48%
IBKR	B	-2.44%
GOOGL	A	-2.44%
DDOG	B	-2.42%
ERJ	D	-2.4%
BKNG	B	-1.35%
KSPI	A	-1.25%
GMED	A	-1.25%
AVAV	D	-1.25%
ATGE	A	-1.25%
NVO	C	-1.22%
ANF	B	-1.22%
AZN	C	-1.21%
PLTR	B	-0.49%
ARM	B	-0.49%
FN	C	-0.48%
NFLX	A	-0.47%
UBS	B	-0.46%
DECK	C	-0.46%
PINS	B	-0.45%
HALO	B	-0.45%
CRWD	A	-0.44%
PDD	D	-0.43%
AMSC	B	-0.43%