FEX vs. VLUE ETF Comparison

Comparison of First Trust Large Cap Core AlphaDEX (FEX) to iShares MSCI USA Value Factor (VLUE)

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

$103.50

Average Daily Volume

22,970

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

VLUE

iShares MSCI USA Value Factor

VLUE Description

The investment seeks to track the performance of MSCI USA Value Weighted Index that measures the performance of U.S. large- and mid-capitalization stocks with value characteristics and relatively lower valuations, before fees and expenses. The fund generally invests at least 90% of its assets in the securities of the underlying index or in depositary receipts representing securities in its underlying index. The MSCI USA Value Weighted Index (the "underlying index") is based on a traditional market capitalization-weighted parent index, the MSCI USA Index, which includes U.S. large- and mid- capitalization stocks.

Grade (RS Rating)

Last Trade

$108.87

Average Daily Volume

289,405

Number of Holdings ^*

148

* may have additional holdings in another (foreign) market

Performance

Period	FEX	VLUE
30 Days	3.59%	3.88%
60 Days	4.84%	1.59%
90 Days	6.59%	5.49%
12 Months	25.72%	19.92%

99 Overlapping Holdings

Symbol	Grade	Weight in FEX	Weight in VLUE	Overlap
ADM	D	0.42%	0.77%	0.42%
AIG	D	0.33%	0.51%	0.33%
AMAT	D	0.27%	2.77%	0.27%
APTV	D	0.41%	0.18%	0.18%
ATO	B	0.4%	0.22%	0.22%
BAC	D	0.25%	1.95%	0.25%
BBY	C	0.3%	0.42%	0.3%
BEN	F	0.3%	0.06%	0.06%
BG	D	0.38%	0.22%	0.22%
BK	B	0.5%	0.43%	0.43%
C	D	0.23%	1.57%	0.23%
CAG	C	0.39%	0.29%	0.29%
CF	C	0.45%	0.15%	0.15%
CFG	C	0.38%	0.24%	0.24%
CI	C	0.19%	1.62%	0.19%
CMI	C	0.18%	0.52%	0.18%
CNC	D	0.39%	0.78%	0.39%
COF	B	0.34%	0.52%	0.34%
CSCO	C	0.36%	5.84%	0.36%
CTRA	F	0.36%	0.33%	0.33%
CTSH	C	0.48%	1.15%	0.48%
CVS	D	0.42%	1.67%	0.42%
D	C	0.3%	0.5%	0.3%
DAL	C	0.32%	0.18%	0.18%
DGX	B	0.39%	0.19%	0.19%
DHI	B	0.58%	1.77%	0.58%
DOW	D	0.24%	0.28%	0.24%
EG	C	0.43%	0.18%	0.18%
ELV	C	0.17%	1.4%	0.17%
EQT	D	0.38%	0.23%	0.23%
EXPE	C	0.18%	0.37%	0.18%
F	F	0.29%	1.71%	0.29%
FANG	D	0.37%	0.61%	0.37%
FCNCA	D	0.47%	0.1%	0.1%
FDX	C	0.33%	1.2%	0.33%
FITB	B	0.29%	0.2%	0.2%
FNF	B	0.31%	0.09%	0.09%
FOXA	B	0.49%	0.3%	0.3%
FSLR	C	0.26%	0.47%	0.26%
GLW	C	0.09%	1.05%	0.09%
GM	C	0.43%	3.06%	0.43%
GPN	D	0.49%	0.22%	0.22%
GS	C	0.27%	1.21%	0.27%
HBAN	B	0.38%	0.15%	0.15%
HIG	B	0.39%	0.24%	0.24%
HPE	D	0.34%	1.19%	0.34%
HPQ	D	0.08%	1.13%	0.08%
IBM	B	0.11%	4.24%	0.11%
INTC	F	0.23%	3.09%	0.23%
JBL	D	0.33%	0.27%	0.27%
JCI	B	0.18%	0.55%	0.18%
KEY	B	0.19%	0.12%	0.12%
KHC	C	0.37%	0.88%	0.37%
KR	C	0.38%	0.76%	0.38%
L	C	0.36%	0.13%	0.13%
LEN	B	0.53%	1.72%	0.53%
LHX	C	0.17%	0.52%	0.17%
LKQ	F	0.41%	0.26%	0.26%
LUV	C	0.25%	0.11%	0.11%
LYB	D	0.33%	0.26%	0.26%
MAA	B	0.2%	0.21%	0.2%
MO	C	0.19%	1.44%	0.19%
MTB	B	0.39%	0.26%	0.26%
NTAP	D	0.39%	0.54%	0.39%
NUE	F	0.38%	0.46%	0.38%
NXPI	F	0.22%	1.24%	0.22%
OC	D	0.41%	0.32%	0.32%
PCAR	D	0.16%	0.67%	0.16%
PCG	C	0.39%	0.62%	0.39%
PHM	B	0.32%	1.06%	0.32%
PPL	C	0.1%	0.33%	0.1%
PRU	C	0.08%	0.44%	0.08%
RF	B	0.38%	0.18%	0.18%
RTX	C	0.1%	1.86%	0.1%
SJM	C	0.37%	0.26%	0.26%
SNA	C	0.45%	0.19%	0.19%
SPG	B	0.09%	1.2%	0.09%
SSNC	B	0.31%	0.26%	0.26%
STLD	F	0.36%	0.23%	0.23%
STT	B	0.29%	0.24%	0.24%
SWKS	D	0.31%	0.59%	0.31%
SYF	C	0.42%	0.18%	0.18%
T	C	0.49%	6.04%	0.49%
TEL	D	0.41%	1.05%	0.41%
TSN	C	0.09%	0.44%	0.09%
TXT	D	0.26%	0.26%	0.26%
UHAL	A	0.39%	0.13%	0.13%
URI	B	0.29%	0.71%	0.29%
USB	B	0.29%	0.45%	0.29%
VLO	F	0.36%	0.78%	0.36%
VST	C	0.44%	0.28%	0.28%
VTRS	D	0.38%	0.43%	0.38%
VZ	B	0.37%	3.25%	0.37%
WAB	A	0.45%	0.29%	0.29%
WBD	D	0.39%	0.68%	0.39%
WFC	D	0.31%	1.43%	0.31%
WLK	D	0.16%	0.05%	0.05%
WY	C	0.29%	0.6%	0.29%
ZM	C	0.29%	0.41%	0.29%

FEX Overweight 271 Positions Relative to VLUE

Symbol	Grade	Weight
IRM	C	0.56%
HWM	B	0.52%
EBAY	B	0.51%
ETR	B	0.51%
KKR	B	0.51%
HEI	B	0.5%
CINF	C	0.49%
ACGL	C	0.48%
GE	B	0.48%
BRK.A	C	0.47%
TT	B	0.47%
TJX	B	0.46%
UAL	C	0.45%
META	B	0.45%
GRMN	D	0.45%
RCL	B	0.45%
COST	B	0.45%
PWR	B	0.45%
GDDY	C	0.45%
FICO	B	0.43%
LLY	C	0.43%
ANET	B	0.43%
JPM	D	0.43%
BAH	C	0.43%
AFL	C	0.42%
APO	C	0.42%
MKL	C	0.42%
VRT	C	0.42%
CMCSA	D	0.42%
AEE	C	0.41%
EOG	D	0.41%
XEL	B	0.41%
DECK	C	0.41%
RS	D	0.41%
XOM	C	0.41%
WEC	C	0.41%
STX	C	0.41%
ED	C	0.4%
NVDA	D	0.4%
AEP	C	0.4%
CB	B	0.39%
CE	F	0.39%
TROW	D	0.39%
MSI	B	0.39%
COP	D	0.39%
MPC	F	0.39%
WPC	C	0.39%
BRO	C	0.39%
EXC	C	0.39%
PSX	F	0.38%
LII	B	0.38%
CVX	D	0.38%
DTE	C	0.38%
KMI	B	0.37%
BSX	B	0.37%
GOOGL	D	0.37%
CL	D	0.37%
ERIE	B	0.37%
INCY	C	0.37%
SRE	C	0.37%
ISRG	B	0.37%
HAL	F	0.36%
DE	B	0.36%
IPG	C	0.36%
AMGN	B	0.36%
TDG	B	0.36%
PLTR	B	0.36%
AVGO	C	0.35%
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%
PANW	D	0.34%
ETN	C	0.33%
MMM	B	0.33%
ZBH	F	0.33%
CRBG	D	0.32%
APH	D	0.32%
CCL	C	0.32%
AMZN	C	0.32%
ORCL	C	0.31%
PYPL	B	0.31%
CMG	C	0.31%
KIM	C	0.31%
LPLA	D	0.31%
TYL	C	0.3%
CRWD	D	0.3%
TMUS	C	0.3%
CTAS	B	0.3%
DUK	C	0.3%
PKG	B	0.3%
GIS	B	0.3%
CMS	C	0.3%
TRV	C	0.3%
NEE	C	0.3%
EIX	C	0.3%
NOW	B	0.29%
CPB	C	0.29%
JNJ	C	0.29%
CHTR	D	0.29%
OKE	B	0.29%
PEG	C	0.29%
AJG	D	0.29%
FE	C	0.29%
PNC	B	0.29%
EPAM	F	0.28%
HSY	C	0.28%
TDY	B	0.28%
KDP	B	0.28%
APD	B	0.28%
EQR	B	0.28%
JBHT	D	0.27%
AZO	D	0.27%
ROST	C	0.27%
DPZ	F	0.27%
RSG	D	0.27%
ECL	B	0.27%
HRL	C	0.27%
NTRS	A	0.27%
MPWR	C	0.27%
PSTG	F	0.26%
CSL	B	0.26%
TGT	C	0.26%
ROL	C	0.26%
NTNX	C	0.26%
VRTX	D	0.26%
CAT	B	0.26%
WM	D	0.25%
XYL	D	0.25%
UBER	C	0.25%
GPC	D	0.25%
IR	C	0.25%
LRCX	F	0.24%
MAR	C	0.24%
BKR	C	0.24%
KLAC	D	0.23%
CBRE	A	0.23%
CNP	C	0.23%
KVUE	C	0.22%
DDOG	D	0.22%
PINS	F	0.22%
AXON	B	0.22%
MOH	D	0.21%
LMT	C	0.21%
WELL	C	0.21%
PM	C	0.21%
HCA	B	0.21%
SNPS	F	0.21%
VTR	C	0.21%
MDLZ	B	0.2%
AWK	B	0.2%
ESS	B	0.2%
LOW	B	0.2%
PH	B	0.2%
MANH	B	0.19%
REGN	C	0.19%
MMC	C	0.19%
ALNY	C	0.19%
GWW	B	0.19%
ARES	B	0.19%
WRB	C	0.19%
AVB	B	0.19%
OMC	B	0.19%
KO	C	0.19%
BLK	B	0.19%
MDT	C	0.19%
MCO	B	0.19%
J	C	0.18%
PFG	B	0.18%
WSO	C	0.18%
DLR	B	0.18%
NKE	D	0.18%
GD	B	0.18%
ARE	C	0.18%
WMB	B	0.18%
ORLY	C	0.18%
BR	D	0.18%
TTD	B	0.18%
LYV	B	0.18%
SYK	C	0.18%
INTU	C	0.17%
RIVN	F	0.17%
OTIS	C	0.17%
ROP	C	0.17%
MTD	D	0.17%
VRSK	D	0.17%
DKNG	C	0.17%
PPG	D	0.17%
CHD	D	0.17%
AAPL	C	0.17%
MS	D	0.17%
UPS	D	0.16%
MSFT	C	0.16%
RJF	C	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%
K	B	0.12%
DG	F	0.11%
RMD	C	0.11%
AXP	B	0.1%
MA	B	0.1%
ABT	C	0.1%
RPM	B	0.1%
IT	B	0.1%
CPNG	B	0.1%
NSC	C	0.1%
SO	B	0.1%
PODD	B	0.1%
SNAP	F	0.1%
POOL	C	0.1%
ADP	B	0.1%
TRGP	B	0.1%
SPGI	B	0.1%
WMT	C	0.1%
MKC	C	0.1%
NOC	B	0.1%
BAX	C	0.1%
NVR	B	0.1%
PGR	B	0.1%
DD	B	0.09%
TXN	C	0.09%
INVH	C	0.09%
CTVA	B	0.09%
KMB	D	0.09%
TSCO	C	0.09%
MRVL	C	0.09%
EA	D	0.09%
DRI	B	0.09%
PG	C	0.09%
SYY	D	0.09%
LIN	B	0.09%
ADSK	C	0.09%
SMCI	F	0.09%
AMH	C	0.09%
TMO	B	0.09%
STE	C	0.09%
GEHC	C	0.09%
HOLX	C	0.09%
HUBB	B	0.09%
NBIX	F	0.08%
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%
NET	D	0.08%
EXPD	C	0.08%
VMC	D	0.08%
ADI	C	0.08%
MLM	D	0.08%
TTWO	C	0.08%
STZ	D	0.08%
CRM	D	0.08%
BDX	D	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 49 Positions Relative to VLUE

Symbol	Grade	Weight
PFE	C	-2.56%
BMY	C	-1.42%
GILD	B	-1.27%
ON	D	-0.78%
DELL	D	-0.77%
TFC	C	-0.51%
MET	B	-0.45%
MRO	D	-0.42%
BLDR	C	-0.39%
GEN	B	-0.39%
JNPR	B	-0.37%
FFIV	B	-0.35%
TAP	D	-0.35%
OVV	F	-0.31%
QRVO	F	-0.31%
PARA	F	-0.27%
EVRG	B	-0.27%
HST	C	-0.25%
ES	C	-0.25%
LH	C	-0.24%
WBA	F	-0.24%
RPRX	C	-0.22%
AZPN	B	-0.22%
UHS	B	-0.22%
UTHR	C	-0.22%
TWLO	D	-0.22%
LDOS	B	-0.19%
KNX	C	-0.19%
MOS	F	-0.18%
DINO	F	-0.18%
IP	B	-0.17%
CNH	D	-0.17%
APA	F	-0.17%
FOX	B	-0.16%
AKAM	D	-0.16%
CHK	D	-0.16%
SOLV	C	-0.15%
CPT	B	-0.14%
SWK	B	-0.13%
ACI	F	-0.13%
FBIN	B	-0.13%
HII	D	-0.13%
SW	B	-0.12%
NLY	B	-0.12%
EMN	B	-0.11%
EQH	C	-0.1%
DVA	B	-0.09%
ALLY	F	-0.09%
BIO	C	-0.06%