FDN vs. BTAL ETF Comparison

Comparison of First Trust DJ Internet Index Fund (FDN) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

FDN

First Trust DJ Internet Index Fund

FDN 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 Dow Jones Internet Composite Index (SM) (the "index"). 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. It, using an "indexing" investment approach, attempts to replicate, before fees and expenses, the performance of the index. The index is designed to include only companies whose primary focus is Internet-related. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$215.29

Average Daily Volume

312,546

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$19.89

Average Daily Volume

706,428

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

Performance

Period	FDN	BTAL
30 Days	9.07%	-3.31%
60 Days	17.21%	-3.49%
90 Days	2.38%	2.37%
12 Months	37.58%	-2.02%

17 Overlapping Holdings

Symbol	Grade	Weight in FDN	Weight in BTAL	Overlap
AKAM	D	0.86%	0.42%	0.42%
ANET	A	4.72%	-0.47%	-0.47%
CFLT	F	0.28%	0.38%	0.28%
CSCO	A	4.57%	0.44%	0.44%
CVNA	A	1.08%	-0.48%	-0.48%
DASH	A	2.59%	-0.48%	-0.48%
DBX	C	0.32%	0.43%	0.32%
DKNG	C	1.03%	-0.46%	-0.46%
JNPR	C	0.69%	0.42%	0.42%
NET	D	1.36%	-0.42%	-0.42%
PAYC	D	0.45%	0.44%	0.44%
PINS	D	1.05%	-0.45%	-0.45%
PYPL	A	4.33%	-0.46%	-0.46%
RBLX	D	1.29%	-0.42%	-0.42%
VEEV	C	1.67%	-0.44%	-0.44%
VRSN	C	0.86%	0.44%	0.44%
ZI	F	0.16%	0.43%	0.16%

FDN Overweight 24 Positions Relative to BTAL

Symbol	Grade	Weight
META	A	10.48%
AMZN	C	9.46%
NFLX	A	8.02%
CRM	B	6.96%
GOOGL	B	5.63%
GOOG	B	4.65%
BKNG	B	4.64%
ABNB	D	3.01%
WDAY	D	2.78%
CPRT	B	2.51%
SNOW	F	2.17%
DDOG	B	1.97%
EBAY	A	1.74%
HUBS	D	1.49%
TEAM	D	1.38%
GDDY	B	1.2%
ZM	B	0.97%
NTNX	C	0.79%
DOCU	A	0.68%
OKTA	F	0.65%
CIEN	A	0.49%
SMAR	A	0.4%
BOX	C	0.26%
MARA	F	0.26%

FDN Underweight 374 Positions Relative to BTAL

Symbol	Grade	Weight
MSTR	B	-0.5%
ERIE	A	-0.49%
FFIV	B	-0.47%
IBM	A	-0.47%
ORLY	A	-0.47%
BWXT	A	-0.47%
BMY	A	-0.47%
RNR	A	-0.47%
MKL	B	-0.47%
T	B	-0.47%
IBKR	A	-0.47%
MDU	C	-0.46%
HEI	C	-0.46%
TGNA	B	-0.46%
UNM	A	-0.46%
SFM	A	-0.46%
VZ	C	-0.46%
CACI	A	-0.46%
GILD	A	-0.46%
VFC	A	-0.46%
SBRA	C	-0.46%
SAIC	A	-0.46%
CMS	A	-0.45%
THG	A	-0.45%
CCK	C	-0.45%
CDP	A	-0.45%
KR	C	-0.45%
TDY	A	-0.45%
WELL	C	-0.45%
DLB	D	-0.45%
TXRH	A	-0.45%
AEE	A	-0.45%
TRV	B	-0.45%
CME	A	-0.45%
KMI	A	-0.45%
ARMK	C	-0.45%
ALSN	A	-0.45%
DD	C	-0.45%
PNM	B	-0.45%
RYAN	A	-0.45%
MSI	A	-0.45%
XEL	C	-0.45%
CF	A	-0.45%
PAYX	B	-0.45%
DOX	B	-0.44%
AXS	A	-0.44%
DUK	C	-0.44%
NEU	F	-0.44%
ACGL	A	-0.44%
GIS	C	-0.44%
PGR	B	-0.44%
YUM	C	-0.44%
CHH	A	-0.44%
WEC	B	-0.44%
CHRW	C	-0.44%
RTX	A	-0.44%
PCTY	C	-0.44%
SIGI	D	-0.44%
MKC	C	-0.44%
HIG	A	-0.44%
HQY	B	-0.44%
RGA	B	-0.44%
EG	A	-0.44%
LNT	B	-0.44%
SNA	C	-0.44%
EDR	A	-0.44%
CB	A	-0.44%
ALL	A	-0.44%
NWL	D	-0.44%
ED	C	-0.44%
BKR	B	-0.44%
BWA	C	-0.44%
DRI	C	-0.44%
CW	A	-0.44%
GLW	C	-0.44%
RLI	A	-0.44%
ROP	D	-0.44%
LMT	A	-0.43%
OLLI	C	-0.43%
UTHR	C	-0.43%
SLGN	B	-0.43%
CHD	D	-0.43%
CBOE	B	-0.43%
CSX	D	-0.43%
CINF	A	-0.43%
AVB	C	-0.43%
WH	C	-0.43%
LNG	A	-0.43%
OHI	C	-0.43%
MCD	A	-0.43%
XOM	A	-0.43%
ADP	A	-0.43%
GD	C	-0.43%
PKG	B	-0.43%
NEM	C	-0.43%
FTNT	A	-0.43%
CMG	C	-0.43%
ACN	B	-0.43%
WEN	B	-0.43%
WPC	C	-0.43%
FOXF	F	-0.43%
FOXA	B	-0.43%
ADC	C	-0.43%
FCN	C	-0.43%
MSM	D	-0.43%
BRO	A	-0.43%
PCAR	D	-0.43%
NOC	B	-0.43%
PNW	C	-0.43%
HPQ	B	-0.42%
KO	C	-0.42%
CLH	B	-0.42%
VICI	C	-0.42%
ABBV	C	-0.42%
WTW	C	-0.42%
ASGN	D	-0.42%
CTSH	B	-0.42%
UNH	B	-0.42%
WM	B	-0.42%
FLO	D	-0.42%
PFE	D	-0.42%
CHE	D	-0.42%
AMGN	D	-0.42%
LPLA	D	-0.42%
G	A	-0.42%
TMUS	A	-0.42%
MSFT	D	-0.42%
DGX	D	-0.42%
O	C	-0.42%
AON	A	-0.42%
FMC	C	-0.42%
COLM	B	-0.42%
JNJ	D	-0.42%
REG	C	-0.42%
AIZ	B	-0.42%
GLPI	C	-0.42%
MTCH	B	-0.42%
AMCR	C	-0.42%
ORI	A	-0.42%
EQR	C	-0.42%
CXT	F	-0.41%
CPB	D	-0.41%
KHC	F	-0.41%
GPC	D	-0.41%
KBR	A	-0.41%
ELV	F	-0.41%
AVT	B	-0.41%
ARW	C	-0.41%
MAN	D	-0.41%
BG	F	-0.41%
TJX	D	-0.41%
HON	C	-0.41%
HRB	C	-0.41%
TXT	F	-0.41%
L	C	-0.41%
CI	D	-0.41%
WRB	C	-0.41%
VTRS	D	-0.41%
ELS	D	-0.41%
ON	F	-0.4%
TNET	D	-0.4%
JAZZ	F	-0.4%
PAG	D	-0.4%
SNX	C	-0.4%
MOH	F	-0.4%
COR	F	-0.4%
MSA	F	-0.4%
RSG	D	-0.4%
BILL	D	-0.4%
MMC	D	-0.4%
ST	F	-0.39%
CNC	F	-0.39%
MUSA	D	-0.39%
OXY	D	-0.39%
MOS	F	-0.39%
LULU	D	-0.39%
MCK	F	-0.39%
DVN	F	-0.38%
J	F	-0.38%
DECK	B	-0.38%
X	F	-0.38%
FANG	D	-0.38%
MUR	F	-0.38%
SRPT	F	-0.37%
AGL	F	-0.36%
WTM	C	-0.35%
BMRN	F	-0.32%
AZO	D	-0.31%
HUM	F	-0.3%
BRZE	F	--0.3%
ELF	F	--0.3%
RIVN	F	--0.31%
CNXC	F	--0.31%
WOLF	F	--0.32%
CELH	F	--0.33%
ALLY	F	--0.34%
MRNA	F	--0.34%
OPEN	F	--0.34%
SMCI	F	--0.34%
RUN	D	--0.35%
COIN	F	--0.35%
NTLA	F	--0.35%
ARWR	F	--0.35%
SEDG	F	--0.36%
DKS	D	--0.37%
CNM	F	--0.37%
MPWR	B	--0.37%
NVCR	F	--0.37%
GH	F	--0.37%
MKSI	F	--0.38%
RMBS	F	--0.38%
ENPH	F	--0.38%
TXG	F	--0.38%
MTDR	D	--0.38%
KMX	F	--0.38%
DAR	F	--0.38%
ZS	F	--0.38%
RIG	F	--0.38%
WBA	F	--0.39%
XPO	F	--0.39%
APG	F	--0.39%
AMKR	F	--0.39%
SNV	D	--0.4%
F	D	--0.4%
ZION	D	--0.4%
EW	F	--0.4%
OC	C	--0.4%
DINO	F	--0.4%
RKT	D	--0.4%
NVDA	B	--0.4%
OZK	D	--0.41%
EFX	D	--0.41%
PLD	D	--0.41%
SHLS	F	--0.41%
BBWI	F	--0.41%
PTON	C	--0.41%
TER	C	--0.41%
GTLS	D	--0.41%
LRCX	D	--0.41%
PATH	D	--0.41%
TGT	C	--0.41%
PENN	D	--0.41%
PEN	D	--0.41%
CRL	F	--0.41%
ROIV	D	--0.41%
COTY	F	--0.41%
CFG	C	--0.41%
LNC	B	--0.41%
ELAN	D	--0.41%
CRSP	F	--0.41%
PNFP	B	--0.41%
CHX	C	--0.42%
TROW	D	--0.42%
RF	B	--0.42%
SQ	D	--0.42%
RGEN	F	--0.42%
CSGP	F	--0.42%
POWI	F	--0.42%
USB	C	--0.42%
DELL	C	--0.43%
ARE	D	--0.43%
RMD	C	--0.43%
UBER	C	--0.43%
MU	D	--0.43%
ALGN	D	--0.43%
THO	C	--0.43%
AGNC	B	--0.43%
SOFI	C	--0.43%
CAR	D	--0.43%
SCHW	D	--0.43%
NTRS	B	--0.43%
UGI	C	--0.43%
KSS	D	--0.43%
WMS	D	--0.43%
CCL	C	--0.44%
CWEN	C	--0.44%
SSD	B	--0.44%
GME	D	--0.44%
WAL	C	--0.44%
MRVL	C	--0.44%
HHH	C	--0.44%
TFX	C	--0.44%
KRC	C	--0.44%
TREX	D	--0.44%
AWK	D	--0.44%
SEE	C	--0.44%
IDXX	D	--0.44%
GNRC	B	--0.44%
NVT	C	--0.44%
WCC	D	--0.44%
JHG	A	--0.44%
CC	D	--0.44%
CE	D	--0.44%
AXTA	C	--0.44%
DAY	C	--0.45%
HOOD	B	--0.45%
USFD	C	--0.45%
RYN	C	--0.45%
PWR	A	--0.45%
RRC	D	--0.45%
CRWD	D	--0.45%
PFGC	A	--0.45%
AMD	C	--0.45%
EL	D	--0.45%
TTD	A	--0.45%
NWE	C	--0.45%
ILMN	B	--0.45%
MGM	D	--0.45%
AVGO	B	--0.45%
D	A	--0.45%
EXPE	B	--0.45%
BLD	D	--0.45%
CMA	C	--0.45%
IOT	C	--0.46%
LAMR	C	--0.46%
ETN	B	--0.46%
ITT	C	--0.46%
TOL	C	--0.46%
LYFT	D	--0.46%
FND	C	--0.46%
NTRA	A	--0.46%
MDB	D	--0.46%
BXP	B	--0.46%
BX	C	--0.46%
JLL	C	--0.46%
CG	B	--0.46%
SHW	C	--0.46%
ROKU	C	--0.46%
ALB	D	--0.46%
Z	C	--0.47%
BLDR	C	--0.47%
AR	C	--0.47%
TRU	C	--0.47%
TT	A	--0.47%
KKR	A	--0.47%
CBRE	C	--0.47%
FOUR	A	--0.47%
EXP	C	--0.48%
EQT	C	--0.48%
FCX	B	--0.48%
URI	C	--0.48%
OWL	A	--0.48%
CARR	A	--0.48%
LPX	C	--0.48%
INTC	D	--0.48%
SAIA	D	--0.48%
FBIN	C	--0.48%
TOST	B	--0.48%
NRG	A	--0.48%
VNO	B	--0.49%
AES	C	--0.49%
SNAP	D	--0.49%
AA	B	--0.49%
AXON	A	--0.49%
COHR	B	--0.49%
CZR	B	--0.49%
LITE	A	--0.49%
TSLA	C	--0.5%
DNLI	C	--0.5%
TPG	A	--0.5%
DAL	C	--0.51%
LYV	A	--0.51%
W	C	--0.52%
FYBR	C	--0.52%
PLTR	A	--0.52%
PODD	C	--0.52%
AFRM	C	--0.52%
SMG	C	--0.53%
TDOC	D	--0.53%
RH	C	--0.54%
VRT	B	--0.55%
DUOL	B	--0.58%
CEG	A	--0.59%
VST	A	--0.63%