FPXE vs. SMHX ETF Comparison

Comparison of First Trust IPOX Europe Equity Opportunities ETF (FPXE) to VanEck Fabless Semiconductor ETF (SMHX)

FPXE

First Trust IPOX Europe Equity Opportunities ETF

FPXE Description

The First Trust IPOX® Europe Equity Opportunities ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the IPOX® 100 Europe Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks and/or depositary receipts that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned, developed, maintained and sponsored by IPOX® Schuster LLC (the "Index Provider").

Grade (RS Rating)

Last Trade

$25.97

Average Daily Volume

490

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SMHX

VanEck Fabless Semiconductor ETF

SMHX Description

The fund normally invests at least 80% of its total assets in securities that comprise the fund"s benchmark index. The Fabless Index is composed of U.S.-listed common stocks of companies that derive at least 50% of their revenues from the semiconductor industry and operate as fabless semiconductor companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$27.49

Average Daily Volume

30,191

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FPXE	SMHX
30 Days	-1.03%	1.55%
60 Days	-2.07%	10.16%
90 Days	-2.26%
12 Months	24.83%

1 Overlapping Holdings

	Symbol	Grade	Weight in FPXE	Weight in SMHX	Overlap
	ARM	F	6.58%	3.9%	3.9%

FPXE Overweight 17 Positions Relative to SMHX

Symbol	Grade	Weight
SPOT	B	4.59%
MNDY	C	4.25%
GEN	B	4.14%
ONON	A	3.73%
CLBT	B	1.69%
TEVA	C	0.87%
MRUS	F	0.8%
JHG	B	0.64%
CNTA	B	0.63%
SPNT	B	0.43%
BIRK	D	0.39%
IMTX	F	0.31%
VRNA	B	0.29%
SRAD	A	0.22%
GENI	C	0.16%
OSW	B	0.09%
DOLE	D	0.07%

FPXE Underweight 20 Positions Relative to SMHX

Symbol	Grade	Weight
NVDA	B	-22.39%
AVGO	D	-14.4%
SNPS	B	-5.08%
MRVL	B	-4.87%
CDNS	B	-4.6%
QCOM	F	-4.39%
AMD	F	-4.13%
RMBS	B	-3.62%
CRUS	D	-2.98%
LSCC	D	-2.92%
PI	D	-2.72%
MPWR	F	-2.57%
POWI	F	-2.25%
SLAB	F	-1.89%
AMBA	B	-1.67%
SIMO	D	-1.55%
ALGM	D	-1.54%
SITM	B	-1.47%
SYNA	C	-1.47%
SMTC	B	-1.4%