FNK vs. SDD ETF Comparison

Comparison of First Trust Mid Cap Value AlphaDEX Fund (FNK) to ProShares UltraShort SmallCap600 (SDD)

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value 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 MidCap 400(R) Value 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

$50.12

Average Daily Volume

14,857

Number of Holdings ^*

220

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$19.33

Average Daily Volume

1,456

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FNK	SDD
30 Days	-3.33%	6.11%
60 Days	-4.57%	5.79%
90 Days	-4.84%	4.91%
12 Months	12.97%	-14.77%

12 Overlapping Holdings

Symbol	Grade	Weight in FNK	Weight in SDD	Overlap
ABCB	C	0.49%	0.36%	0.36%
COLB	D	0.63%	0.35%	0.35%
CROX	C	0.33%	0.36%	0.33%
DAR	F	0.5%	0.61%	0.5%
FUL	D	0.15%	0.32%	0.15%
LAD	F	0.67%	0.41%	0.41%
MTH	D	0.74%	0.3%	0.3%
NEOG	C	0.16%	0.47%	0.16%
ONB	B	0.61%	0.4%	0.4%
SANM	C	0.67%	0.31%	0.31%
SEM	A	0.37%	0.33%	0.33%
UFPI	D	0.43%	0.38%	0.38%

FNK Overweight 208 Positions Relative to SDD

Symbol	Grade	Weight
MATX	B	0.92%
UTHR	B	0.88%
AVT	D	0.82%
NFG	D	0.81%
GPI	D	0.8%
WTM	D	0.79%
ESGR	A	0.79%
SEB	F	0.78%
RRC	D	0.78%
LBRT	D	0.78%
KBH	D	0.78%
ABG	D	0.77%
NOV	D	0.77%
VAL	B	0.77%
CNXC	C	0.76%
MTG	B	0.76%
NOG	C	0.76%
RNR	D	0.76%
CHRD	C	0.75%
ESNT	C	0.75%
CHK	D	0.74%
ARW	D	0.74%
AL	C	0.74%
ADTN	D	0.73%
MOS	F	0.73%
CMC	D	0.73%
RDN	B	0.73%
FMC	F	0.72%
OVV	D	0.72%
MUR	D	0.72%
AGO	D	0.71%
JXN	C	0.71%
TMHC	D	0.71%
BTU	C	0.71%
SIG	D	0.71%
MTDR	D	0.71%
DINO	D	0.7%
IAC	F	0.7%
MHO	D	0.7%
SM	D	0.69%
APA	F	0.68%
HP	D	0.68%
PTEN	F	0.68%
ALE	C	0.67%
MLI	C	0.67%
COOP	D	0.67%
FYBR	B	0.67%
AGCO	F	0.66%
OGE	C	0.66%
R	B	0.65%
POR	D	0.65%
EVRG	D	0.64%
PBF	F	0.63%
URBN	C	0.63%
BKH	D	0.63%
MDU	C	0.63%
CADE	D	0.62%
G	D	0.62%
BERY	D	0.62%
MGY	B	0.62%
OGS	C	0.62%
ALLY	B	0.62%
AN	D	0.61%
TPH	D	0.61%
LBRDK	C	0.6%
UNM	D	0.6%
BWA	F	0.59%
AMG	D	0.59%
AMKR	B	0.58%
SON	F	0.57%
DTM	B	0.56%
OZK	D	0.56%
KRC	F	0.55%
VLY	F	0.54%
AR	D	0.54%
BYD	C	0.53%
ENS	C	0.53%
TEX	D	0.53%
OGN	C	0.52%
RUSHA	F	0.51%
LEA	F	0.5%
NI	B	0.5%
UHS	C	0.5%
ASO	F	0.5%
PNW	C	0.49%
HOG	F	0.49%
SNX	D	0.49%
CVI	F	0.48%
TAP	F	0.48%
HWC	C	0.48%
BOKF	D	0.47%
FHN	C	0.46%
ZION	C	0.46%
EMN	D	0.46%
M	C	0.45%
CUZ	D	0.45%
FNB	C	0.45%
OMF	D	0.45%
ALK	F	0.45%
WAL	B	0.45%
PAG	D	0.44%
DDS	D	0.44%
WTFC	D	0.44%
IPGP	D	0.44%
WCC	D	0.44%
NXST	B	0.44%
DXC	C	0.43%
JAZZ	F	0.43%
CZR	C	0.43%
CMA	C	0.42%
TPR	C	0.42%
KNX	C	0.42%
WU	D	0.41%
CAR	F	0.41%
KEX	B	0.4%
OSK	D	0.4%
OLN	F	0.39%
WBS	D	0.39%
GMS	D	0.39%
BCC	F	0.37%
PII	F	0.37%
SKX	C	0.36%
PVH	F	0.36%
AXS	C	0.35%
IP	C	0.35%
LFUS	C	0.34%
ATKR	F	0.33%
CLF	D	0.32%
NJR	D	0.32%
IDA	D	0.32%
ORI	D	0.32%
WTRG	C	0.32%
LNT	B	0.32%
HOMB	D	0.31%
COLM	D	0.31%
ASH	D	0.31%
CACC	B	0.31%
BPOP	D	0.31%
BECN	D	0.3%
SLM	D	0.3%
UMBF	C	0.3%
SNV	B	0.3%
SWX	D	0.3%
SEIC	D	0.29%
BXMT	C	0.29%
SAIC	D	0.29%
PNFP	D	0.29%
DNB	F	0.29%
EWBC	D	0.29%
TKR	D	0.29%
PB	D	0.29%
RYN	D	0.28%
HUN	F	0.28%
SSB	D	0.28%
SLGN	D	0.28%
UBSI	D	0.28%
HGV	D	0.27%
ASGN	D	0.27%
WHR	C	0.27%
HII	D	0.27%
GT	F	0.26%
BBWI	F	0.25%
THO	D	0.25%
PRGO	F	0.25%
BC	F	0.23%
CRUS	A	0.22%
GMED	B	0.21%
THC	C	0.21%
JEF	B	0.18%
CACI	B	0.18%
BJ	B	0.18%
PENN	C	0.17%
EHC	B	0.17%
MMS	B	0.17%
JLL	B	0.17%
RGA	C	0.17%
CIEN	F	0.16%
AGNC	A	0.16%
DKS	C	0.16%
LPX	D	0.16%
USFD	C	0.16%
REYN	D	0.16%
AVNT	D	0.16%
PFSI	B	0.16%
SF	B	0.16%
TFX	C	0.15%
AFG	D	0.15%
GXO	F	0.15%
BXP	C	0.15%
NYCB	D	0.15%
SEE	F	0.15%
LSTR	D	0.15%
CCK	F	0.15%
HSIC	D	0.14%
SIGI	F	0.14%
GPS	C	0.14%
FAF	D	0.14%
AIZ	D	0.14%
VNO	C	0.14%
IVZ	D	0.14%
AYI	D	0.14%
LANC	B	0.14%
SKY	F	0.13%
RHI	F	0.13%
SUM	D	0.13%
MIDD	F	0.12%
AEO	F	0.12%
GL	D	0.11%

FNK Underweight 80 Positions Relative to SDD

Symbol	Grade	Weight
GBCI	D	-0.49%
BLD	D	-0.48%
JBT	F	-0.47%
EXPO	C	-0.47%
VIAV	D	-0.46%
OMCL	F	-0.46%
CBU	B	-0.46%
STRA	C	-0.45%
BCPC	A	-0.44%
NEO	D	-0.43%
SSD	F	-0.43%
SHOO	C	-0.42%
AVA	D	-0.42%
SKYW	B	-0.42%
B	B	-0.41%
AWR	D	-0.41%
UNF	B	-0.41%
AMN	F	-0.4%
CNMD	D	-0.4%
CCOI	D	-0.39%
ADC	B	-0.39%
POWI	D	-0.39%
ITRI	C	-0.39%
SFNC	D	-0.38%
MOG.A	C	-0.38%
BRC	B	-0.37%
CVBF	C	-0.37%
PRLB	D	-0.37%
ITGR	C	-0.37%
WTS	D	-0.36%
JJSF	B	-0.36%
QLYS	D	-0.36%
AEIS	C	-0.36%
INDB	D	-0.35%
WING	B	-0.35%
WWW	C	-0.35%
LCII	F	-0.35%
ABM	B	-0.34%
WDFC	D	-0.34%
FOXF	C	-0.34%
LXP	B	-0.34%
ESE	D	-0.33%
AEL	A	-0.33%
IOSP	D	-0.33%
AIT	C	-0.33%
IRDM	D	-0.33%
ARI	D	-0.33%
ROG	D	-0.32%
CWT	C	-0.32%
MEDP	C	-0.32%
GTLS	D	-0.32%
MNRO	F	-0.32%
SAIA	C	-0.32%
NSIT	C	-0.32%
LPSN	D	-0.32%
AIN	D	-0.31%
HI	F	-0.31%
DIOD	C	-0.31%
EBS	B	-0.31%
IVR	C	-0.31%
EXLS	B	-0.31%
FN	C	-0.31%
FELE	D	-0.3%
PMT	C	-0.3%
SPXC	B	-0.3%
ALGT	F	-0.3%
ENSG	B	-0.3%
KFY	B	-0.3%
FFBC	D	-0.3%
ACA	D	-0.29%
AAT	B	-0.29%
DORM	C	-0.29%
NMIH	B	-0.29%
PLXS	D	-0.29%
XHR	D	-0.29%
KWR	F	-0.28%
PRGS	B	-0.28%
FBP	B	-0.28%
AKR	A	-0.28%
NWN	F	-0.28%