FEX vs. FFLC ETF Comparison

Comparison of First Trust Large Cap Core AlphaDEX (FEX) to Fidelity Fundamental Large Cap Core ETF (FFLC)

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$111.95

Average Daily Volume

18,528

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

FFLC

Fidelity Fundamental Large Cap Core ETF

FFLC Description

FFLC seeks to achieve long-term capital growth by investing in a global core equity portfolio of large-cap stocks. The adviser generally defines large caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The portfolio includes stocks with growth and/or value characteristics. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity New Millennium ETF under the ticker FMIL. The fund previously used a semitransparent ETF structure.

Grade (RS Rating)

Last Trade

$47.24

Average Daily Volume

103,927

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEX	FFLC
30 Days	6.62%	2.14%
60 Days	8.07%	3.92%
90 Days	10.60%	6.30%
12 Months	33.47%	37.29%

54 Overlapping Holdings

Symbol	Grade	Weight in FEX	Weight in FFLC	Overlap
AAPL	C	0.17%	4.26%	0.17%
AJG	B	0.18%	0.41%	0.18%
AMT	D	0.14%	0.43%	0.14%
AMZN	C	0.09%	2.89%	0.09%
APH	A	0.09%	0.85%	0.09%
APO	B	0.22%	0.61%	0.22%
AVGO	D	0.24%	1.98%	0.24%
BAC	A	0.3%	2.18%	0.3%
BSX	B	0.27%	1.35%	0.27%
CB	C	0.34%	0.73%	0.34%
CCI	D	0.07%	0.61%	0.07%
CEG	D	0.3%	1.06%	0.3%
CI	F	0.16%	1.23%	0.16%
CMCSA	B	0.44%	1.69%	0.44%
COST	B	0.35%	0.63%	0.35%
CSCO	B	0.27%	1.1%	0.27%
EIX	B	0.25%	1.31%	0.25%
ELV	F	0.2%	0.63%	0.2%
ETN	A	0.18%	1.02%	0.18%
FDX	B	0.37%	0.58%	0.37%
FI	A	0.4%	1.34%	0.4%
GD	F	0.16%	0.38%	0.16%
GE	D	0.32%	1.61%	0.32%
GEN	B	0.36%	0.37%	0.36%
GOOGL	C	0.09%	3.2%	0.09%
HLT	A	0.27%	0.52%	0.27%
IP	B	0.4%	0.18%	0.18%
KDP	D	0.21%	1.0%	0.21%
KO	D	0.15%	0.94%	0.15%
LEN	D	0.38%	0.36%	0.36%
LLY	F	0.14%	1.85%	0.14%
LNG	B	0.4%	0.03%	0.03%
LOW	D	0.08%	1.06%	0.08%
MA	C	0.09%	0.85%	0.09%
MAR	B	0.1%	0.42%	0.1%
META	D	0.33%	4.7%	0.33%
NOC	D	0.08%	0.25%	0.08%
NVDA	C	0.29%	5.71%	0.29%
ORCL	B	0.37%	0.97%	0.37%
PNC	B	0.19%	1.01%	0.19%
SO	D	0.17%	1.72%	0.17%
SPG	B	0.18%	0.18%	0.18%
TMO	F	0.07%	1.18%	0.07%
TMUS	B	0.39%	0.2%	0.2%
TRV	B	0.28%	0.87%	0.28%
UBER	D	0.16%	0.61%	0.16%
UPS	C	0.17%	0.78%	0.17%
URI	B	0.44%	0.92%	0.44%
USB	A	0.28%	0.94%	0.28%
VRT	B	0.52%	0.66%	0.52%
WFC	A	0.44%	1.82%	0.44%
WSM	B	0.07%	0.4%	0.07%
WSO	A	0.18%	0.56%	0.18%
XOM	B	0.43%	2.88%	0.43%

FEX Overweight 319 Positions Relative to FFLC

Symbol	Grade	Weight
APP	B	0.97%
PLTR	B	0.7%
UAL	A	0.67%
AXON	A	0.64%
RCL	A	0.55%
SYF	B	0.54%
DAL	C	0.53%
GM	B	0.53%
EXPE	B	0.52%
SNA	A	0.52%
VST	B	0.52%
FICO	B	0.5%
GS	A	0.5%
EME	C	0.49%
KKR	A	0.49%
CVNA	B	0.48%
HWM	A	0.48%
PCAR	B	0.48%
PWR	A	0.47%
OC	A	0.47%
EOG	A	0.47%
STLD	B	0.47%
CINF	A	0.47%
WAB	B	0.46%
TRGP	B	0.46%
COP	C	0.46%
TROW	B	0.46%
CTRA	B	0.46%
CVX	A	0.46%
BK	A	0.46%
TT	A	0.45%
AXP	A	0.45%
ALL	A	0.45%
FANG	D	0.45%
CCL	B	0.45%
F	C	0.45%
VLO	C	0.45%
FOXA	B	0.45%
RS	B	0.45%
HEI	B	0.44%
BURL	A	0.44%
SLB	C	0.44%
HPE	B	0.44%
T	A	0.44%
HAL	C	0.44%
KMI	A	0.43%
PGR	A	0.43%
CF	B	0.43%
NRG	B	0.43%
MPC	D	0.42%
TOL	B	0.42%
OXY	D	0.42%
DVN	F	0.42%
CPNG	D	0.42%
CTSH	B	0.42%
PSX	C	0.42%
UTHR	C	0.42%
MTB	A	0.41%
EQT	B	0.41%
DASH	A	0.41%
HBAN	A	0.41%
LYV	A	0.41%
IRM	D	0.41%
COF	B	0.41%
NUE	C	0.41%
GDDY	A	0.4%
BG	F	0.4%
TPL	A	0.4%
EG	C	0.4%
BKR	B	0.4%
FCNCA	A	0.4%
ON	D	0.39%
RBLX	C	0.39%
THC	D	0.39%
SRE	A	0.38%
CVS	D	0.38%
PHM	D	0.38%
VTRS	A	0.38%
HOOD	B	0.38%
CFG	B	0.38%
ETR	B	0.38%
LYB	F	0.37%
PM	B	0.37%
MSI	B	0.37%
PH	A	0.37%
C	A	0.37%
ADM	D	0.37%
CTAS	B	0.36%
AEE	A	0.36%
CRBG	B	0.36%
DHI	D	0.36%
CNP	B	0.36%
INTC	D	0.36%
ATO	A	0.36%
BRO	B	0.36%
NI	A	0.36%
SWKS	F	0.36%
L	A	0.36%
XEL	A	0.36%
LII	A	0.35%
HCA	F	0.35%
AIG	B	0.35%
DGX	A	0.35%
ZBH	C	0.35%
VTR	C	0.34%
AFL	B	0.34%
ALLY	C	0.34%
HIG	B	0.34%
TGT	F	0.34%
KR	B	0.34%
MS	A	0.33%
ANET	C	0.33%
EXC	C	0.33%
CNC	D	0.33%
RMD	C	0.33%
DUK	C	0.33%
DTE	C	0.32%
AEP	D	0.32%
VZ	C	0.32%
TXT	D	0.32%
IBM	C	0.32%
EBAY	D	0.32%
ERIE	D	0.32%
AMP	A	0.31%
NEE	D	0.31%
NTRS	A	0.31%
ULTA	F	0.31%
DG	F	0.31%
APTV	D	0.31%
BLDR	D	0.31%
OKE	A	0.31%
ED	D	0.31%
JPM	A	0.3%
FTNT	C	0.3%
CHTR	C	0.3%
GRMN	B	0.3%
BKNG	A	0.3%
NFLX	A	0.3%
NOW	A	0.29%
ALNY	D	0.29%
GWW	B	0.29%
RF	A	0.29%
ZM	B	0.29%
AKAM	D	0.29%
BAH	F	0.29%
ACGL	D	0.29%
STT	A	0.28%
LUV	C	0.28%
FITB	A	0.28%
PKG	A	0.28%
FSLR	F	0.27%
PCG	A	0.27%
TDY	B	0.27%
JBHT	C	0.27%
TTD	B	0.27%
WELL	A	0.27%
CASY	A	0.27%
ISRG	A	0.27%
CSX	B	0.26%
TJX	A	0.26%
LNT	A	0.26%
BRK.A	B	0.26%
PPL	B	0.26%
TYL	B	0.26%
WEC	A	0.26%
MANH	D	0.25%
DE	A	0.25%
CMS	C	0.25%
SPGI	C	0.25%
ICE	C	0.25%
CAT	B	0.25%
SHW	A	0.25%
SSNC	B	0.25%
MCO	B	0.25%
D	C	0.25%
EQR	B	0.25%
PEG	A	0.25%
PSA	D	0.24%
HRL	D	0.24%
PPG	F	0.24%
JNJ	D	0.24%
GPC	D	0.23%
RJF	A	0.23%
CE	F	0.23%
NVR	D	0.23%
VLTO	D	0.23%
CARR	D	0.23%
GIS	D	0.22%
HUM	C	0.22%
BBY	D	0.22%
TSLA	B	0.22%
TDG	D	0.22%
KHC	F	0.22%
STX	D	0.22%
DOW	F	0.21%
BIIB	F	0.21%
EFX	F	0.21%
CPAY	A	0.2%
DIS	B	0.2%
NDAQ	A	0.19%
APD	A	0.19%
DECK	A	0.19%
CMI	A	0.19%
MSTR	C	0.19%
DELL	C	0.19%
KEY	B	0.19%
IR	B	0.18%
HUBB	B	0.18%
BR	A	0.18%
IEX	B	0.18%
PRU	A	0.18%
RGA	A	0.18%
LH	C	0.18%
J	F	0.18%
WRB	A	0.18%
NWSA	B	0.18%
KIM	A	0.18%
TSN	B	0.18%
PYPL	B	0.18%
LVS	C	0.17%
CSL	C	0.17%
FNF	B	0.17%
MAA	B	0.17%
DRI	B	0.17%
PFG	D	0.17%
LHX	C	0.17%
IT	C	0.17%
WY	D	0.16%
DD	D	0.16%
AWK	D	0.16%
ROST	C	0.16%
FE	C	0.16%
FTV	C	0.16%
OMC	C	0.16%
TSCO	D	0.16%
KEYS	A	0.16%
ECL	D	0.16%
NTAP	C	0.16%
HOLX	D	0.16%
CTVA	C	0.16%
SYY	B	0.16%
MDT	D	0.16%
MDLZ	F	0.15%
ARE	D	0.15%
HSY	F	0.15%
CPB	D	0.15%
O	D	0.15%
XYL	D	0.15%
CL	D	0.15%
DOC	D	0.15%
COIN	C	0.15%
EXR	D	0.15%
WLK	D	0.14%
NKE	D	0.14%
MOH	F	0.14%
WMB	A	0.11%
MPWR	F	0.11%
RPM	A	0.1%
PANW	C	0.1%
EMR	A	0.1%
CBOE	B	0.09%
MET	A	0.09%
HD	A	0.09%
AVB	B	0.09%
MSCI	C	0.09%
CMG	B	0.09%
WST	C	0.09%
ESS	B	0.09%
EQIX	A	0.09%
ABT	B	0.09%
SBUX	A	0.09%
CLX	B	0.09%
RSG	A	0.09%
HPQ	B	0.09%
DOV	A	0.09%
NSC	B	0.09%
ORLY	B	0.09%
PAYX	C	0.09%
ARES	A	0.09%
ODFL	B	0.09%
JCI	C	0.09%
SYK	C	0.09%
MKL	A	0.09%
ADSK	A	0.09%
AON	A	0.09%
MO	A	0.09%
BLK	C	0.09%
RIVN	F	0.08%
AVY	D	0.08%
ZTS	D	0.08%
MKC	D	0.08%
LMT	D	0.08%
EXPD	D	0.08%
MAS	D	0.08%
SBAC	D	0.08%
BDX	F	0.08%
PEP	F	0.08%
MU	D	0.08%
KMB	D	0.08%
MCD	D	0.08%
VICI	C	0.08%
POOL	C	0.08%
GLPI	C	0.08%
NDSN	B	0.08%
OTIS	C	0.08%
WAT	B	0.08%
ROL	B	0.08%
ACN	C	0.08%
MMC	B	0.08%
AZO	C	0.08%
VRTX	F	0.08%
KLAC	D	0.07%
IQV	D	0.07%
CAG	D	0.07%
RVTY	F	0.07%
BLD	D	0.07%
AMGN	D	0.07%
FCX	D	0.07%
GEHC	F	0.07%

FEX Underweight 33 Positions Relative to FFLC

Symbol	Grade	Weight
MSFT	F	-6.98%
UNH	C	-1.72%
V	A	-1.31%
SAP	B	-1.15%
KVUE	A	-1.04%
INTU	C	-1.0%
TSM	B	-0.97%
BMY	B	-0.92%
GEV	B	-0.87%
MOD	A	-0.84%
ALSN	B	-0.83%
RPRX	D	-0.76%
REGN	F	-0.75%
BA	F	-0.72%
HRB	D	-0.64%
ABBV	D	-0.61%
KNX	B	-0.59%
NVO	D	-0.53%
DOX	D	-0.53%
MLM	B	-0.49%
DEO	F	-0.43%
COR	B	-0.37%
ABNB	C	-0.33%
GSK	F	-0.3%
HII	D	-0.29%
GILD	C	-0.27%
LIN	D	-0.2%
MELI	D	-0.2%
DKS	C	-0.19%
SPR	D	-0.19%
ASML	F	-0.18%
KBR	F	-0.17%
MRVL	B	-0.02%