FTLS vs. FFLG ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Fidelity Fundamental Large Cap Growth ETF (FFLG)

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.28

Average Daily Volume

135,263

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

FFLG

Fidelity Fundamental Large Cap Growth ETF

FFLG Description

FFLG seeks to achieve long-term capital growth by investing in large-cap companies believed to have above-average growth potential. The adviser generally defines large-caps as companies with similar market capitalizations to Russell 1000 or S&P 500 companies. Growth is measured based on factors such as earnings or revenue. Stocks are selected using fundamental analysis of factors such as financial condition and industry position of each issuer, as well as market and economic conditions. The adviser then incorporates a quantitative portfolio construction process to emphasize securities in which the adviser has high conviction, subject to risk, liquidity, and trading characteristics. The fund invests in both US and non-US companies. Despite its large-cap focus, the fund's strategy can lead to investments in small- and mid-cap companies. Before February 26, 2024, the fund traded as Fidelity Growth Opportunities ETF under the ticker FGRO. The fund previously used a semitransparent ETF structure

Grade (RS Rating)

Last Trade

$23.64

Average Daily Volume

44,901

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	FFLG
30 Days	-0.24%	1.23%
60 Days	3.24%	8.27%
90 Days	0.63%	-1.68%
12 Months	21.93%	46.60%

39 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in FFLG	Overlap
AAPL	C	7.52%	2.2%	2.2%
ACN	B	2.07%	0.1%	0.1%
ACVA	C	-0.05%	0.25%	-0.05%
AMAT	B	-0.04%	0.26%	-0.04%
AMD	D	-0.03%	1.93%	-0.03%
AMZN	C	2.46%	5.21%	2.46%
APO	A	-0.06%	0.12%	-0.06%
ARGX	A	-0.1%	0.22%	-0.1%
ARM	C	-0.02%	0.03%	-0.02%
AVGO	C	1.09%	0.04%	0.04%
BA	F	-0.08%	0.74%	-0.08%
BE	F	-0.03%	0.14%	-0.03%
BJ	D	0.45%	0.4%	0.4%
COHR	B	-0.02%	0.16%	-0.02%
ETN	C	-0.55%	0.17%	-0.55%
FLEX	C	0.4%	1.84%	0.4%
FSLR	C	-0.02%	0.05%	-0.02%
GOOG	B	1.11%	4.66%	1.11%
GOOGL	B	1.32%	2.8%	1.32%
JBL	D	0.71%	0.47%	0.47%
LLY	D	0.95%	1.25%	0.95%
LOW	A	2.16%	0.4%	0.4%
LYFT	D	-0.03%	0.29%	-0.03%
META	A	1.76%	5.36%	1.76%
MQ	F	0.08%	0.87%	0.08%
MSFT	D	4.52%	10.56%	4.52%
NFLX	A	-0.13%	0.55%	-0.13%
NOW	C	-0.31%	0.84%	-0.31%
NVDA	C	4.05%	7.82%	4.05%
NXPI	F	-0.09%	1.81%	-0.09%
ORCL	B	-0.76%	0.91%	-0.76%
PANW	D	-0.22%	0.19%	-0.22%
SE	B	-0.07%	1.73%	-0.07%
TMO	C	-0.03%	0.42%	-0.03%
TMUS	A	2.03%	2.86%	2.03%
TSLA	C	-0.56%	0.01%	-0.56%
UNH	B	-0.4%	2.14%	-0.4%
VLTO	A	0.53%	0.04%	0.04%
W	D	-0.04%	0.05%	-0.04%

FTLS Overweight 349 Positions Relative to FFLG

Symbol	Grade	Weight
C	B	2.0%
JNJ	D	1.99%
QCOM	D	1.98%
SCHW	D	1.84%
PM	C	1.83%
FDX	D	1.57%
CME	A	1.55%
PH	A	1.51%
MPC	F	1.43%
MO	D	1.41%
VLO	F	1.4%
CL	D	1.34%
USB	C	1.23%
BRK.A	C	1.12%
ILMN	B	1.05%
CTAS	B	1.03%
LNG	A	1.02%
KMI	A	1.01%
HPQ	C	0.98%
TRV	C	0.98%
TFC	D	0.95%
FIS	C	0.95%
SYY	B	0.87%
HWM	A	0.86%
ALL	B	0.85%
JPM	D	0.82%
FANG	D	0.79%
PBR	D	0.77%
NTAP	D	0.77%
AFL	A	0.71%
TOL	A	0.67%
CROX	C	0.64%
RL	B	0.63%
SYF	B	0.61%
NVR	A	0.59%
CSL	A	0.59%
INSM	D	0.56%
CF	A	0.55%
PNR	C	0.52%
SWK	A	0.52%
MAS	A	0.49%
TWLO	B	0.49%
NVS	D	0.47%
VRSN	B	0.47%
CAG	D	0.46%
OKTA	F	0.44%
VICI	C	0.43%
EAT	A	0.43%
ZIM	B	0.43%
GEN	B	0.42%
GL	C	0.39%
PENN	D	0.37%
NTRS	C	0.36%
FFIV	B	0.36%
TTC	D	0.34%
TKO	A	0.34%
DBX	B	0.33%
ASO	D	0.33%
EXP	C	0.33%
CRS	C	0.32%
CCK	C	0.31%
PI	B	0.31%
WRB	B	0.3%
LPX	A	0.3%
ALLY	F	0.29%
JAZZ	F	0.28%
SNA	A	0.27%
SPYV	A	0.26%
RPRX	B	0.26%
IWD	A	0.26%
SCHV	A	0.26%
AYI	A	0.24%
CNK	C	0.22%
UHS	D	0.22%
HRB	C	0.21%
AIZ	A	0.21%
MSM	D	0.21%
STNG	D	0.21%
KNSL	D	0.21%
EWBC	D	0.2%
WHD	B	0.19%
TWST	D	0.19%
MGY	B	0.18%
THO	B	0.18%
SAM	D	0.18%
ADMA	C	0.17%
COLB	C	0.16%
LEG	D	0.16%
GLBE	C	0.16%
OPCH	F	0.16%
ALSN	A	0.16%
ALKS	B	0.16%
EXEL	B	0.15%
BFAM	C	0.15%
LOGI	D	0.15%
PRI	A	0.14%
UMBF	C	0.14%
CRC	B	0.14%
ORI	B	0.14%
SFM	A	0.13%
SIGI	D	0.13%
TXG	F	0.13%
MATX	C	0.13%
MTG	B	0.13%
CALM	B	0.13%
PNFP	D	0.13%
PAA	D	0.13%
CBT	B	0.13%
AXS	A	0.13%
NSA	C	0.12%
CSWI	B	0.12%
GMS	C	0.12%
SKYW	B	0.12%
GFF	C	0.12%
CBSH	D	0.11%
ZWS	A	0.11%
AM	A	0.11%
SMPL	D	0.11%
WGO	D	0.11%
HESM	D	0.11%
GRBK	C	0.11%
BFH	D	0.11%
GM	D	0.11%
YOU	C	0.11%
MMS	B	0.11%
KRG	C	0.11%
RDFN	C	0.11%
LCII	B	0.1%
VRNA	C	0.1%
PPC	B	0.1%
ESNT	C	0.1%
DBRG	D	0.1%
FTDR	C	0.1%
ENLC	A	0.1%
TCBI	C	0.09%
PRGS	B	0.09%
EPR	C	0.09%
FOLD	F	0.09%
EXTR	C	0.09%
THG	C	0.09%
TBBK	C	0.09%
ABM	D	0.09%
LANC	F	0.08%
GBCI	C	0.08%
VCYT	C	0.08%
LOPE	D	0.08%
KFY	C	0.08%
BOH	D	0.07%
REVG	D	0.07%
UBSI	D	0.07%
MYGN	D	0.07%
BCRX	D	0.07%
KMPR	D	0.07%
OTEX	D	0.07%
NMIH	C	0.07%
HAYW	B	0.07%
AVNT	C	0.07%
CARG	C	0.07%
AZZ	C	0.07%
RLI	A	0.07%
CUBI	F	0.07%
TRMD	D	0.07%
ROIC	C	0.06%
FHB	D	0.06%
PLMR	C	0.06%
COLL	B	0.06%
AMPH	C	0.06%
EBC	D	0.06%
WMB	A	0.06%
GSL	B	0.06%
WFG	A	0.06%
BRC	C	0.06%
PBH	D	0.06%
ICFI	C	0.06%
ADUS	D	0.06%
PAYO	B	0.06%
PLXS	B	0.06%
SUPN	D	0.05%
CDNA	B	0.05%
AUB	D	0.05%
VIST	D	-0.02%
PAR	D	-0.02%
FAST	B	-0.02%
VSAT	F	-0.02%
DNB	D	-0.02%
CBU	D	-0.02%
HON	C	-0.02%
KD	F	-0.02%
AER	D	-0.02%
NVEE	F	-0.02%
SAIA	D	-0.02%
ENS	D	-0.02%
LKFN	F	-0.02%
CVX	B	-0.02%
EA	D	-0.02%
IBOC	D	-0.02%
APPN	B	-0.03%
ENR	B	-0.03%
FFIN	D	-0.03%
ALB	D	-0.03%
GE	C	-0.03%
RDY	D	-0.03%
IRTC	F	-0.03%
ICHR	D	-0.03%
SOFI	C	-0.03%
HHH	C	-0.03%
OSK	F	-0.03%
MARA	F	-0.03%
AZTA	F	-0.03%
WMT	A	-0.03%
BURL	D	-0.03%
DIOD	F	-0.03%
PRCT	C	-0.03%
CNNE	F	-0.03%
GPRE	F	-0.03%
GKOS	B	-0.03%
ASPN	D	-0.03%
COTY	F	-0.03%
PSMT	B	-0.03%
ARLO	F	-0.03%
OSIS	B	-0.03%
TFIN	F	-0.03%
LMND	F	-0.03%
UPST	C	-0.03%
CFLT	F	-0.03%
SDGR	F	-0.03%
BIRK	F	-0.03%
RUN	D	-0.03%
CLH	C	-0.03%
UWMC	D	-0.03%
RCL	C	-0.03%
CRDO	B	-0.03%
NWSA	D	-0.03%
ATEC	F	-0.03%
RXST	F	-0.03%
HLN	C	-0.03%
RIVN	F	-0.03%
FRO	D	-0.03%
SLGN	C	-0.03%
WOLF	F	-0.03%
ACIW	B	-0.04%
CTRA	D	-0.04%
GATX	F	-0.04%
AMRC	C	-0.04%
RH	C	-0.04%
ERJ	C	-0.04%
AMRK	B	-0.04%
UTZ	C	-0.04%
BVN	D	-0.04%
EQT	B	-0.04%
NEOG	D	-0.04%
TTD	C	-0.05%
ZD	D	-0.05%
STZ	B	-0.05%
MP	B	-0.05%
AEO	B	-0.06%
MSA	F	-0.06%
MUFG	D	-0.06%
COP	D	-0.06%
VRRM	D	-0.06%
WST	D	-0.06%
MMYT	D	-0.07%
KTOS	A	-0.07%
DLB	D	-0.07%
AVAV	B	-0.07%
VNT	F	-0.07%
SSB	C	-0.07%
VAL	F	-0.07%
CHK	D	-0.08%
R	C	-0.08%
CDW	D	-0.08%
HCA	B	-0.08%
TRMB	B	-0.08%
AVY	C	-0.08%
DY	C	-0.09%
MAT	D	-0.09%
CCOI	B	-0.09%
HAE	D	-0.1%
VVV	D	-0.1%
BKR	B	-0.11%
IDCC	A	-0.11%
STM	F	-0.12%
SLB	D	-0.12%
NSIT	B	-0.12%
ING	D	-0.12%
GPC	D	-0.12%
HQY	C	-0.12%
KEYS	B	-0.13%
ABT	B	-0.14%
PKG	C	-0.14%
VMC	D	-0.14%
STE	D	-0.15%
SYK	C	-0.16%
TM	D	-0.16%
ASX	D	-0.16%
HII	F	-0.16%
INFY	D	-0.17%
GEV	B	-0.17%
MU	D	-0.18%
IPG	C	-0.18%
BWXT	A	-0.18%
GWRE	A	-0.19%
URI	C	-0.2%
GSK	F	-0.2%
PCAR	D	-0.2%
FMX	F	-0.22%
HSBC	B	-0.22%
EFX	C	-0.22%
CCEP	C	-0.24%
TYL	B	-0.24%
KR	C	-0.25%
NSC	C	-0.26%
DEO	B	-0.27%
SNPS	F	-0.28%
TTWO	F	-0.28%
SAP	C	-0.28%
OMC	C	-0.28%
PG	C	-0.28%
WAT	B	-0.29%
INTC	D	-0.29%
GEHC	C	-0.3%
ISRG	A	-0.3%
MMM	C	-0.32%
CMI	B	-0.34%
BK	C	-0.35%
UL	C	-0.35%
BABA	A	-0.35%
LMT	A	-0.36%
TXN	C	-0.37%
ZBH	F	-0.37%
MDLZ	C	-0.38%
MSI	A	-0.4%
HDB	C	-0.41%
MLM	D	-0.44%
MCD	A	-0.44%
XOM	A	-0.45%
WM	B	-0.45%
PNC	C	-0.46%
DE	A	-0.52%
ASML	F	-0.52%
VRSK	D	-0.53%
PAYX	A	-0.54%
GD	A	-0.56%
PEP	D	-0.61%
LIN	B	-0.64%
CMCSA	B	-0.65%
CDNS	D	-0.65%
DIS	D	-0.67%
APD	C	-0.69%

FTLS Underweight 61 Positions Relative to FFLG

Symbol	Grade	Weight
UBER	C	-3.45%
ROKU	C	-2.65%
ON	F	-1.9%
BSX	A	-1.88%
SQ	D	-1.85%
V	C	-1.57%
GPN	F	-1.32%
VRT	B	-1.2%
LPLA	D	-1.04%
ADBE	F	-1.01%
FND	C	-0.97%
MDB	F	-0.92%
HUM	F	-0.89%
SNAP	D	-0.87%
EPAM	F	-0.86%
MRVL	C	-0.8%
CRM	B	-0.77%
ZI	F	-0.68%
DT	C	-0.67%
CVNA	A	-0.66%
PCG	B	-0.64%
DDOG	D	-0.64%
TSM	C	-0.64%
MA	A	-0.59%
INTU	F	-0.58%
HUBS	D	-0.55%
CYTK	F	-0.55%
PEN	D	-0.54%
DLO	D	-0.51%
CNC	F	-0.5%
CEG	B	-0.49%
AGL	F	-0.46%
TMDX	D	-0.46%
PCVX	B	-0.4%
DHR	C	-0.38%
AMT	C	-0.38%
INTA	C	-0.36%
AR	B	-0.34%
MGNI	D	-0.29%
GFS	F	-0.28%
LITE	A	-0.26%
DV	F	-0.23%
OVV	F	-0.22%
CLDX	F	-0.22%
LULU	D	-0.17%
PSTG	F	-0.15%
KO	C	-0.14%
NUVL	B	-0.11%
MRNA	F	-0.1%
NVO	F	-0.1%
REGN	D	-0.1%
ALNY	C	-0.1%
CHTR	D	-0.09%
ZNTL	F	-0.08%
KROS	B	-0.07%
ALXO	F	-0.06%
SNOW	F	-0.06%
ANET	A	-0.05%
LEN	B	-0.02%
ASND	C	-0.0%
ALHC	B	-0.0%