FTC vs. FHEQ ETF Comparison

Comparison of First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index) (FTC) to Fidelity Hedged Equity ETF (FHEQ)

FTC

First Trust Large Cap Growth AlphaDEX Fund (based on the Defined Large Cap Growth Index)

FTC 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 Growth 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) Growth 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

$146.37

Average Daily Volume

33,503

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	FTC	FHEQ
30 Days	9.08%	2.51%
60 Days	12.23%	3.80%
90 Days	15.96%	4.54%
12 Months	42.15%

64 Overlapping Holdings

Symbol	Grade	Weight in FTC	Weight in FHEQ	Overlap
AAPL	C	0.33%	7.31%	0.33%
ADP	B	0.18%	0.16%	0.16%
ALL	A	0.86%	0.07%	0.07%
AMGN	D	0.31%	0.24%	0.24%
AMT	D	0.41%	0.24%	0.24%
AMZN	C	0.38%	3.64%	0.38%
ANET	C	0.67%	0.08%	0.08%
AVGO	D	0.66%	1.49%	0.66%
AXP	A	0.89%	0.43%	0.43%
BAH	F	0.63%	0.09%	0.09%
BK	A	0.9%	0.36%	0.36%
BLD	D	0.3%	0.05%	0.05%
BRK.A	B	0.49%	2.19%	0.49%
CAT	B	0.66%	0.48%	0.48%
CL	D	0.43%	0.58%	0.43%
CMG	B	0.17%	0.49%	0.17%
COST	B	0.69%	0.45%	0.45%
CRM	B	0.2%	1.09%	0.2%
CTAS	B	0.7%	0.66%	0.66%
CVNA	B	1.15%	0.52%	0.52%
DASH	A	1.01%	0.12%	0.12%
ECL	D	0.47%	0.62%	0.47%
ETN	A	0.36%	0.15%	0.15%
FTNT	C	0.59%	0.24%	0.24%
GE	D	0.63%	0.45%	0.45%
GEN	B	0.73%	0.13%	0.13%
GOOGL	C	0.17%	2.02%	0.17%
GRMN	B	0.8%	0.31%	0.31%
HLT	A	0.53%	0.18%	0.18%
HWM	A	0.94%	0.27%	0.27%
JPM	A	0.76%	1.82%	0.76%
KLAC	D	0.13%	0.54%	0.13%
LLY	F	0.3%	0.76%	0.3%
LPLA	A	0.22%	0.03%	0.03%
MA	C	0.17%	1.34%	0.17%
META	D	0.67%	2.87%	0.67%
MKL	A	0.18%	0.09%	0.09%
MMC	B	0.33%	0.52%	0.33%
MSCI	C	0.17%	0.49%	0.17%
MSI	B	0.73%	0.26%	0.26%
MU	D	0.16%	0.47%	0.16%
NEE	D	0.59%	0.73%	0.59%
NFLX	A	0.57%	1.26%	0.57%
NOW	A	0.77%	0.34%	0.34%
NVDA	C	0.81%	7.27%	0.81%
ORCL	B	0.73%	0.04%	0.04%
PG	A	0.16%	0.87%	0.16%
PGR	A	0.85%	0.63%	0.63%
PM	B	0.7%	0.92%	0.7%
PSA	D	0.44%	0.19%	0.19%
QCOM	F	0.16%	0.84%	0.16%
ROST	C	0.32%	0.1%	0.1%
RSG	A	0.35%	0.2%	0.2%
SPG	B	0.35%	0.16%	0.16%
SPGI	C	0.48%	0.28%	0.28%
TJX	A	0.5%	0.73%	0.5%
TMUS	B	0.77%	0.29%	0.29%
TSLA	B	0.4%	1.26%	0.4%
TT	A	0.88%	0.69%	0.69%
UBER	D	0.46%	0.14%	0.14%
UTHR	C	0.9%	0.05%	0.05%
VST	B	0.97%	0.11%	0.11%
WDAY	B	0.18%	0.16%	0.16%
WM	A	0.17%	0.38%	0.17%

FTC Overweight 122 Positions Relative to FHEQ

Symbol	Grade	Weight
APP	B	1.81%
PLTR	B	1.32%
AXON	A	1.26%
RCL	A	1.09%
TRGP	B	1.08%
EXPE	B	1.03%
VRT	B	1.01%
FICO	B	1.0%
GS	A	0.99%
GDDY	A	0.98%
KKR	A	0.96%
EME	C	0.96%
HOOD	B	0.92%
WAB	B	0.9%
PWR	A	0.9%
CCL	B	0.88%
HEI	B	0.88%
URI	B	0.87%
CPNG	D	0.86%
BURL	A	0.85%
NRG	B	0.84%
THC	D	0.82%
VTR	C	0.82%
AMP	A	0.8%
LYV	A	0.79%
IRM	D	0.79%
RBLX	C	0.79%
FCNCA	A	0.78%
FI	A	0.78%
NTRS	A	0.78%
TPL	A	0.75%
PH	A	0.74%
ACGL	D	0.74%
CEG	D	0.72%
PCG	A	0.71%
HCA	F	0.71%
BSX	B	0.7%
BRO	B	0.7%
SHW	A	0.68%
LII	A	0.68%
PEG	A	0.65%
FSLR	F	0.65%
APO	B	0.64%
ERIE	D	0.63%
IBM	C	0.63%
RMD	C	0.63%
ALNY	D	0.62%
TDG	D	0.59%
BKNG	A	0.57%
TTD	B	0.56%
GWW	B	0.55%
DECK	A	0.54%
CASY	A	0.53%
ISRG	A	0.53%
WSO	A	0.52%
NDAQ	A	0.52%
COIN	C	0.52%
AJG	B	0.51%
WELL	A	0.51%
TYL	B	0.51%
BR	A	0.51%
HUBB	B	0.5%
CSL	C	0.49%
MCO	B	0.49%
MANH	D	0.48%
NTAP	C	0.47%
SO	D	0.47%
LVS	C	0.47%
ICE	C	0.47%
TSCO	D	0.46%
VLTO	D	0.45%
XYL	D	0.44%
EFX	F	0.43%
WMB	A	0.41%
CPAY	A	0.39%
DELL	C	0.38%
MAR	B	0.38%
PANW	C	0.38%
ADSK	A	0.37%
APH	A	0.37%
ARES	A	0.36%
MO	A	0.36%
IR	B	0.35%
DOV	A	0.35%
IT	C	0.35%
ORLY	B	0.35%
MCD	D	0.33%
ROL	B	0.33%
AZO	C	0.33%
MSTR	C	0.32%
OTIS	C	0.32%
CBOE	B	0.32%
RIVN	F	0.31%
VICI	C	0.31%
EXR	D	0.3%
KO	D	0.29%
O	D	0.29%
WSM	B	0.28%
MPWR	F	0.21%
CRWD	B	0.2%
FAST	B	0.19%
PAYX	C	0.18%
AON	A	0.18%
DLR	B	0.18%
GPN	B	0.18%
ESS	B	0.17%
ITW	B	0.17%
CHD	B	0.17%
VRTX	F	0.17%
WAT	B	0.17%
DKNG	B	0.17%
SYK	C	0.17%
EQIX	A	0.16%
AVB	B	0.16%
SBAC	D	0.15%
KMB	D	0.15%
GLPI	C	0.15%
LIN	D	0.15%
CCI	D	0.14%
A	D	0.14%
ZTS	D	0.14%
MTD	D	0.13%

FTC Underweight 104 Positions Relative to FHEQ

Symbol	Grade	Weight
MSFT	F	-5.64%
GOOG	C	-1.74%
XOM	B	-1.54%
HD	A	-1.32%
BAC	A	-1.17%
ABBV	D	-1.0%
ADBE	C	-0.93%
CMCSA	B	-0.83%
WMT	A	-0.8%
CSCO	B	-0.79%
UNP	C	-0.73%
GILD	C	-0.73%
AMAT	F	-0.7%
MRK	F	-0.69%
LMT	D	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CI	F	-0.63%
JNJ	D	-0.61%
SQ	B	-0.59%
BDX	F	-0.59%
UNH	C	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
PFE	D	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
PYPL	B	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
TRV	B	-0.49%
ZBRA	B	-0.47%
V	A	-0.47%
IGT	F	-0.45%
ALLE	D	-0.44%
RTX	C	-0.44%
EOG	A	-0.43%
CSX	B	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
CME	A	-0.37%
TDC	D	-0.35%
PPG	F	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
MEDP	D	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
INCY	C	-0.27%
TMO	F	-0.26%
IDXX	F	-0.26%
NSC	B	-0.26%
BLK	C	-0.23%
TROW	B	-0.23%
LRCX	F	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
CVS	D	-0.22%
MMM	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
GL	B	-0.2%
CLX	B	-0.2%
GAP	C	-0.18%
DOCU	A	-0.18%
VZ	C	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
MS	A	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
WFC	A	-0.15%
VEEV	C	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
QRVO	F	-0.11%
KR	B	-0.11%
PLTK	B	-0.1%
DOC	D	-0.08%
BCC	B	-0.07%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
QGEN	D	-0.04%
SCCO	F	-0.04%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%