FEX vs. QLV ETF Comparison

Comparison of First Trust Large Cap Core AlphaDEX (FEX) to FlexShares US Quality Low Volatility Index Fund (QLV)

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

$103.52

Average Daily Volume

22,970

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

QLV

FlexShares US Quality Low Volatility Index Fund

QLV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Northern Trust Developed Markets ex-US Quality Low Volatility IndexSM. The underlying index is designed to reflect the performance of a selection of companies that, in aggregate, possess lower overall absolute volatility characteristics relative to a broad universe of securities domiciled in developed market countries, excluding the U.S. The fund will invest at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. It is non-diversified.

Grade (RS Rating)

Last Trade

$66.41

Average Daily Volume

3,582

Number of Holdings ^*

114

* may have additional holdings in another (foreign) market

Performance

Period	FEX	QLV
30 Days	3.61%	2.04%
60 Days	4.86%	5.15%
90 Days	6.61%	6.23%
12 Months	25.75%	26.75%

64 Overlapping Holdings

Symbol	Grade	Weight in FEX	Weight in QLV	Overlap
AAPL	C	0.17%	5.11%	0.17%
ABT	C	0.1%	0.95%	0.1%
ADI	C	0.08%	0.16%	0.08%
ADP	B	0.1%	0.87%	0.1%
AEE	C	0.41%	0.55%	0.41%
AEP	C	0.4%	0.59%	0.4%
AMGN	B	0.36%	0.82%	0.36%
AMZN	C	0.32%	2.13%	0.32%
AVGO	C	0.35%	0.34%	0.34%
AZO	D	0.27%	0.58%	0.27%
BAH	C	0.43%	0.51%	0.43%
BRK.A	C	0.47%	0.59%	0.47%
CAG	C	0.39%	0.16%	0.16%
CB	B	0.39%	0.76%	0.39%
CINF	B	0.49%	0.56%	0.49%
CMS	C	0.3%	0.55%	0.3%
CTRA	D	0.36%	0.49%	0.36%
CTVA	B	0.09%	0.57%	0.09%
DLR	B	0.18%	0.56%	0.18%
DUK	C	0.3%	0.95%	0.3%
EA	D	0.09%	0.21%	0.09%
ED	C	0.4%	0.87%	0.4%
EXPD	C	0.08%	0.03%	0.03%
GD	B	0.18%	0.64%	0.18%
GIS	B	0.3%	0.86%	0.3%
GOOGL	D	0.37%	0.76%	0.37%
HRL	C	0.27%	0.44%	0.27%
HSY	C	0.28%	0.54%	0.28%
IBM	B	0.11%	1.77%	0.11%
JNJ	C	0.29%	1.9%	0.29%
JPM	D	0.43%	0.2%	0.2%
K	B	0.12%	0.79%	0.12%
L	C	0.36%	0.11%	0.11%
LIN	B	0.09%	0.19%	0.09%
LLY	C	0.43%	2.85%	0.43%
LMT	C	0.21%	1.17%	0.21%
META	B	0.45%	1.14%	0.45%
MKL	C	0.42%	0.5%	0.42%
MMC	C	0.19%	0.06%	0.06%
MSFT	C	0.16%	7.68%	0.16%
NBIX	F	0.08%	0.43%	0.08%
NOC	B	0.1%	0.65%	0.1%
NVDA	D	0.4%	4.13%	0.4%
PG	C	0.09%	3.43%	0.09%
PKG	B	0.3%	0.54%	0.3%
PM	C	0.21%	0.21%	0.21%
REGN	C	0.19%	0.71%	0.19%
ROP	C	0.17%	0.14%	0.14%
RSG	D	0.27%	0.58%	0.27%
SO	B	0.1%	0.72%	0.1%
T	C	0.49%	1.45%	0.49%
TMUS	C	0.3%	0.96%	0.3%
TRV	C	0.3%	0.64%	0.3%
TSCO	C	0.09%	0.5%	0.09%
TXN	C	0.09%	0.87%	0.09%
TYL	C	0.3%	0.8%	0.3%
VRSK	D	0.17%	0.39%	0.17%
VZ	B	0.37%	1.7%	0.37%
WEC	C	0.41%	0.84%	0.41%
WM	D	0.25%	0.66%	0.25%
WRB	C	0.19%	0.55%	0.19%
XEL	B	0.41%	0.59%	0.41%
XOM	C	0.41%	1.13%	0.41%
ZM	C	0.29%	0.58%	0.29%

FEX Overweight 306 Positions Relative to QLV

Symbol	Grade	Weight
DHI	B	0.58%
IRM	C	0.56%
LEN	B	0.53%
HWM	B	0.52%
EBAY	B	0.51%
ETR	B	0.51%
KKR	B	0.51%
HEI	B	0.5%
BK	B	0.5%
GPN	D	0.49%
FOXA	B	0.49%
ACGL	C	0.48%
GE	B	0.48%
CTSH	C	0.48%
FCNCA	D	0.47%
TT	B	0.47%
TJX	B	0.46%
UAL	C	0.45%
GRMN	D	0.45%
RCL	B	0.45%
COST	B	0.45%
PWR	B	0.45%
CF	C	0.45%
GDDY	C	0.45%
SNA	C	0.45%
WAB	B	0.45%
VST	C	0.44%
GM	C	0.43%
FICO	B	0.43%
EG	C	0.43%
ANET	B	0.43%
AFL	C	0.42%
CVS	D	0.42%
APO	C	0.42%
ADM	D	0.42%
SYF	C	0.42%
VRT	C	0.42%
CMCSA	D	0.42%
OC	D	0.41%
EOG	D	0.41%
DECK	C	0.41%
TEL	D	0.41%
LKQ	F	0.41%
APTV	D	0.41%
RS	D	0.41%
STX	C	0.41%
ATO	B	0.4%
DGX	B	0.39%
MTB	B	0.39%
NTAP	D	0.39%
PCG	C	0.39%
CE	F	0.39%
TROW	D	0.39%
MSI	B	0.39%
WBD	D	0.39%
COP	D	0.39%
CNC	D	0.39%
UHAL	A	0.39%
HIG	B	0.39%
MPC	F	0.39%
WPC	C	0.39%
BRO	C	0.39%
EXC	C	0.39%
HBAN	B	0.38%
VTRS	D	0.38%
RF	B	0.38%
KR	C	0.38%
CFG	C	0.38%
PSX	F	0.38%
LII	B	0.38%
NUE	F	0.38%
EQT	D	0.38%
CVX	D	0.38%
DTE	C	0.38%
BG	D	0.38%
KMI	B	0.37%
BSX	B	0.37%
CL	D	0.37%
FANG	D	0.37%
ERIE	B	0.37%
INCY	C	0.37%
SRE	C	0.37%
ISRG	B	0.37%
KHC	C	0.37%
SJM	C	0.37%
HAL	F	0.36%
DE	B	0.36%
VLO	F	0.36%
STLD	F	0.36%
IPG	C	0.36%
TDG	B	0.36%
CSCO	C	0.36%
PLTR	B	0.36%
NFLX	B	0.35%
DOV	B	0.35%
LNG	C	0.35%
DVN	F	0.35%
CEG	C	0.34%
HLT	B	0.34%
BKNG	C	0.34%
OXY	F	0.34%
HPE	D	0.34%
COF	B	0.34%
PANW	D	0.34%
JBL	D	0.33%
FDX	C	0.33%
ETN	C	0.33%
AIG	D	0.33%
LYB	D	0.33%
MMM	B	0.33%
ZBH	F	0.33%
CRBG	D	0.32%
APH	D	0.32%
CCL	C	0.32%
PHM	B	0.32%
DAL	C	0.32%
SSNC	B	0.31%
ORCL	C	0.31%
WFC	D	0.31%
SWKS	D	0.31%
PYPL	B	0.31%
FNF	B	0.31%
CMG	C	0.31%
KIM	C	0.31%
LPLA	D	0.31%
CRWD	D	0.3%
CTAS	B	0.3%
BBY	C	0.3%
D	C	0.3%
NEE	C	0.3%
BEN	F	0.3%
EIX	C	0.3%
USB	B	0.29%
NOW	B	0.29%
CPB	C	0.29%
WY	C	0.29%
URI	B	0.29%
F	F	0.29%
CHTR	D	0.29%
OKE	B	0.29%
PEG	B	0.29%
STT	A	0.29%
AJG	D	0.29%
FE	C	0.29%
FITB	B	0.29%
PNC	B	0.29%
EPAM	F	0.28%
TDY	B	0.28%
KDP	B	0.28%
APD	B	0.28%
EQR	B	0.28%
JBHT	D	0.27%
ROST	C	0.27%
DPZ	F	0.27%
AMAT	D	0.27%
ECL	B	0.27%
NTRS	A	0.27%
GS	C	0.27%
MPWR	C	0.27%
TXT	D	0.26%
PSTG	F	0.26%
CSL	B	0.26%
TGT	C	0.26%
FSLR	C	0.26%
ROL	C	0.26%
NTNX	C	0.26%
VRTX	D	0.26%
CAT	B	0.26%
XYL	C	0.25%
BAC	D	0.25%
UBER	C	0.25%
GPC	D	0.25%
LUV	C	0.25%
IR	C	0.25%
LRCX	F	0.24%
DOW	D	0.24%
MAR	C	0.24%
BKR	C	0.24%
KLAC	D	0.23%
CBRE	A	0.23%
INTC	F	0.23%
CNP	C	0.23%
C	C	0.23%
NXPI	F	0.22%
KVUE	C	0.22%
DDOG	D	0.22%
PINS	F	0.22%
AXON	B	0.22%
MOH	D	0.21%
WELL	C	0.21%
HCA	B	0.21%
SNPS	D	0.21%
VTR	C	0.21%
MDLZ	B	0.2%
AWK	B	0.2%
ESS	B	0.2%
LOW	B	0.2%
MAA	B	0.2%
PH	B	0.2%
MANH	B	0.19%
CI	C	0.19%
ALNY	C	0.19%
GWW	B	0.19%
ARES	B	0.19%
AVB	B	0.19%
OMC	B	0.19%
KO	C	0.19%
MO	C	0.19%
BLK	B	0.19%
MDT	C	0.19%
KEY	B	0.19%
MCO	B	0.19%
J	C	0.18%
PFG	B	0.18%
WSO	C	0.18%
NKE	D	0.18%
ARE	C	0.18%
WMB	B	0.18%
ORLY	C	0.18%
BR	D	0.18%
EXPE	C	0.18%
TTD	B	0.18%
LYV	B	0.18%
CMI	C	0.18%
JCI	B	0.18%
SYK	C	0.18%
INTU	C	0.17%
RIVN	F	0.17%
OTIS	C	0.17%
MTD	D	0.17%
DKNG	C	0.17%
PPG	D	0.17%
CHD	D	0.17%
ELV	C	0.17%
MS	D	0.17%
LHX	C	0.17%
PCAR	D	0.16%
UPS	D	0.16%
RJF	C	0.16%
WLK	D	0.16%
BIIB	F	0.15%
CDNS	D	0.15%
MGM	F	0.14%
QCOM	D	0.14%
HUM	F	0.14%
OKTA	F	0.13%
TRU	B	0.12%
DG	F	0.11%
RMD	C	0.11%
AXP	B	0.1%
MA	B	0.1%
RPM	B	0.1%
IT	B	0.1%
CPNG	B	0.1%
NSC	C	0.1%
PODD	B	0.1%
SNAP	F	0.1%
POOL	C	0.1%
TRGP	B	0.1%
PPL	C	0.1%
SPGI	B	0.1%
RTX	C	0.1%
WMT	C	0.1%
MKC	C	0.1%
BAX	C	0.1%
NVR	B	0.1%
PGR	B	0.1%
DD	B	0.09%
INVH	C	0.09%
KMB	D	0.09%
MRVL	C	0.09%
DRI	B	0.09%
SYY	D	0.09%
ADSK	C	0.09%
TSN	C	0.09%
SPG	B	0.09%
SMCI	F	0.09%
AMH	C	0.09%
GLW	C	0.09%
TMO	B	0.09%
STE	C	0.09%
GEHC	C	0.09%
HOLX	B	0.09%
HUBB	B	0.09%
ZS	F	0.08%
CPRT	D	0.08%
AMD	D	0.08%
ADBE	F	0.08%
NWSA	D	0.08%
PTC	D	0.08%
HON	D	0.08%
HPQ	D	0.08%
NET	D	0.08%
VMC	D	0.08%
MLM	D	0.08%
TTWO	C	0.08%
STZ	D	0.08%
CRM	D	0.08%
BDX	D	0.08%
PRU	C	0.08%
EL	F	0.07%
ENTG	F	0.07%
HUBS	D	0.07%
BA	F	0.07%
FCX	D	0.07%
EW	F	0.06%

FEX Underweight 50 Positions Relative to QLV

Symbol	Grade	Weight
MRK	D	-2.76%
V	C	-2.15%
MCD	B	-1.97%
PEP	C	-1.69%
ABBV	C	-1.15%
GILD	B	-0.98%
CME	C	-0.92%
PSA	B	-0.91%
WTW	C	-0.83%
ATR	B	-0.8%
CHKP	B	-0.79%
CHE	C	-0.78%
RGLD	C	-0.77%
DOX	C	-0.77%
AIZ	B	-0.77%
WDFC	C	-0.76%
QGEN	C	-0.75%
QLYS	F	-0.74%
LSTR	D	-0.74%
AVY	C	-0.72%
STNG	D	-0.71%
SMMT	C	-0.62%
ALL	B	-0.61%
EQIX	C	-0.59%
WCN	D	-0.59%
ADC	C	-0.54%
JKHY	B	-0.54%
SON	C	-0.54%
PNW	C	-0.53%
TTEK	C	-0.53%
GOOG	D	-0.53%
SIGI	D	-0.51%
HII	D	-0.51%
SCI	B	-0.51%
FLO	C	-0.51%
DTM	B	-0.5%
CALM	A	-0.48%
BMRN	F	-0.48%
CHRW	B	-0.46%
NFG	B	-0.37%
CRUS	D	-0.36%
SLGN	B	-0.32%
MCK	F	-0.3%
DDS	F	-0.25%
BMI	A	-0.25%
SQSP	A	-0.24%
ALKS	C	-0.19%
NCNO	D	-0.1%
UNH	C	-0.07%
CWAN	B	-0.07%