FTLS vs. FNY ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to First Trust Mid Cap Growth AlphaDEX (FNY)

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

$63.47

Average Daily Volume

143,082

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

FNY

First Trust Mid Cap Growth AlphaDEX

FNY 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 Mid Cap Growth Index (the "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) 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

$78.79

Average Daily Volume

16,094

Number of Holdings ^*

216

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	FNY
30 Days	-0.80%	2.30%
60 Days	1.06%	3.67%
90 Days	0.62%	7.05%
12 Months	18.51%	25.45%

43 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in FNY	Overlap
ALKS	C	0.16%	0.31%	0.16%
ALSN	B	0.15%	0.81%	0.15%
AM	B	0.11%	0.57%	0.11%
AVAV	D	-0.07%	0.73%	-0.07%
BFAM	C	0.15%	0.73%	0.15%
BWXT	D	-0.18%	0.59%	-0.18%
CBT	B	0.13%	0.64%	0.13%
CCOI	C	-0.09%	0.18%	-0.09%
CFLT	F	-0.03%	0.19%	-0.03%
CLH	B	-0.03%	0.76%	-0.03%
EPR	B	0.09%	0.16%	0.09%
EXEL	B	0.15%	0.5%	0.15%
EXP	B	0.32%	0.35%	0.32%
FFIV	A	0.35%	0.34%	0.34%
GATX	D	-0.05%	0.44%	-0.05%
GKOS	D	-0.03%	0.61%	-0.03%
GWRE	A	-0.21%	0.7%	-0.21%
HAE	D	-0.1%	0.25%	-0.1%
HQY	C	-0.13%	0.51%	-0.13%
HRB	C	0.21%	0.83%	0.21%
INSM	D	0.58%	0.79%	0.58%
IRTC	F	-0.04%	0.2%	-0.04%
KD	D	-0.02%	0.62%	-0.02%
KNSL	C	0.22%	0.34%	0.22%
KRG	B	0.12%	0.17%	0.12%
LOPE	D	0.08%	0.58%	0.08%
LYFT	D	-0.04%	0.24%	-0.04%
MARA	F	-0.03%	0.23%	-0.03%
MSA	C	-0.07%	0.39%	-0.07%
OPCH	C	0.16%	0.16%	0.16%
PRI	B	0.13%	0.61%	0.13%
RL	B	0.57%	0.57%	0.57%
RLI	B	0.07%	0.46%	0.07%
SAIA	D	-0.02%	0.13%	-0.02%
SAM	F	0.18%	0.25%	0.18%
SFM	B	0.12%	0.87%	0.12%
SMPL	D	0.11%	0.26%	0.11%
SOFI	C	-0.04%	0.32%	-0.04%
TKO	B	0.32%	0.61%	0.32%
TOL	B	0.63%	0.72%	0.63%
VNT	D	-0.07%	0.24%	-0.07%
VRRM	D	-0.07%	0.43%	-0.07%
ZWS	B	0.1%	0.32%	0.1%

FTLS Overweight 341 Positions Relative to FNY

Symbol	Grade	Weight
AAPL	D	7.5%
MSFT	C	4.6%
NVDA	D	4.06%
AMZN	C	2.5%
ACN	C	2.11%
JNJ	B	2.08%
LOW	B	2.08%
TMUS	C	2.04%
QCOM	D	1.96%
PM	C	1.93%
C	D	1.89%
SCHW	D	1.8%
FDX	C	1.71%
META	A	1.66%
CME	C	1.58%
MO	C	1.48%
MPC	D	1.44%
PH	B	1.43%
VLO	D	1.41%
CL	C	1.4%
GOOGL	D	1.27%
USB	B	1.21%
BRK.A	C	1.12%
CTAS	C	1.07%
AVGO	C	1.06%
GOOG	D	1.06%
ILMN	C	1.04%
LLY	C	1.03%
LNG	D	1.03%
TRV	B	0.99%
KMI	A	0.99%
FIS	B	0.98%
TFC	D	0.94%
HPQ	D	0.93%
SYY	D	0.88%
ALL	A	0.86%
HWM	B	0.84%
JPM	D	0.82%
FANG	D	0.8%
PBR	D	0.78%
NTAP	D	0.76%
AFL	B	0.71%
JBL	D	0.61%
CROX	C	0.58%
SYF	C	0.58%
NVR	B	0.57%
CSL	C	0.55%
VLTO	C	0.54%
CF	B	0.51%
PNR	B	0.49%
NVS	C	0.48%
MAS	B	0.47%
SWK	B	0.47%
CAG	B	0.46%
VRSN	D	0.46%
OKTA	F	0.45%
TWLO	D	0.45%
BJ	D	0.45%
VICI	C	0.44%
EAT	B	0.4%
GL	C	0.39%
NTRS	B	0.36%
FLEX	C	0.36%
PENN	D	0.36%
ZIM	C	0.34%
TTC	D	0.33%
WRB	C	0.32%
ASO	C	0.32%
DBX	D	0.32%
CCK	A	0.3%
CRS	B	0.29%
ALLY	F	0.28%
PI	B	0.28%
SNA	B	0.27%
JAZZ	D	0.27%
LPX	B	0.27%
SPYV	A	0.26%
RPRX	C	0.26%
IWD	B	0.26%
SCHV	A	0.26%
UHS	B	0.23%
CNK	B	0.23%
AYI	B	0.23%
AIZ	B	0.21%
STNG	D	0.2%
WHD	C	0.19%
TWST	D	0.19%
EWBC	C	0.19%
MSM	D	0.19%
MGY	C	0.18%
THO	D	0.17%
ADMA	B	0.16%
GLBE	C	0.16%
COLB	B	0.15%
LOGI	D	0.15%
LEG	D	0.14%
UMBF	B	0.14%
ORI	A	0.14%
SIGI	C	0.13%
PNFP	B	0.13%
MTG	B	0.13%
TXG	D	0.13%
AXS	B	0.13%
CRC	C	0.13%
PAA	D	0.13%
GFF	C	0.12%
HESM	C	0.12%
NSA	B	0.12%
MATX	C	0.12%
CALM	B	0.12%
CSWI	B	0.11%
WGO	D	0.11%
ENLC	B	0.11%
RDFN	C	0.11%
SKYW	C	0.11%
MMS	D	0.11%
GMS	C	0.11%
CBSH	C	0.11%
GM	B	0.11%
ESNT	B	0.1%
DBRG	D	0.1%
FTDR	B	0.1%
GRBK	B	0.1%
YOU	B	0.1%
VRNA	B	0.1%
TBBK	B	0.09%
EXTR	C	0.09%
THG	A	0.09%
LCII	C	0.09%
ABM	D	0.09%
FOLD	D	0.09%
PPC	D	0.09%
TRMD	C	0.08%
PRGS	C	0.08%
LANC	D	0.08%
CUBI	F	0.08%
KFY	B	0.08%
TCBI	B	0.08%
MQ	F	0.08%
HAYW	C	0.07%
REVG	C	0.07%
AVNT	B	0.07%
BOH	C	0.07%
UBSI	B	0.07%
MYGN	B	0.07%
KMPR	D	0.07%
AZZ	C	0.07%
OTEX	D	0.07%
CARG	B	0.07%
NMIH	B	0.07%
BCRX	C	0.07%
GBCI	B	0.07%
VCYT	B	0.07%
CDNA	C	0.06%
SUPN	C	0.06%
AUB	C	0.06%
GSL	D	0.06%
WFG	B	0.06%
COLL	B	0.06%
PLMR	B	0.06%
FHB	C	0.06%
AMPH	C	0.06%
ROIC	B	0.06%
PLXS	B	0.06%
EBC	B	0.06%
BRC	B	0.06%
WMB	B	0.06%
ADUS	B	0.06%
ICFI	C	0.06%
PBH	B	0.06%
CBU	C	-0.02%
WOLF	F	-0.02%
FSLR	C	-0.02%
HON	D	-0.02%
AER	C	-0.02%
NVEE	F	-0.02%
LKFN	C	-0.02%
ARM	D	-0.02%
ENS	C	-0.02%
IBOC	C	-0.02%
EA	D	-0.02%
COHR	B	-0.02%
CVX	D	-0.02%
AZTA	D	-0.03%
RH	B	-0.03%
DIOD	F	-0.03%
ARLO	F	-0.03%
OSIS	C	-0.03%
RUN	C	-0.03%
ICHR	F	-0.03%
PSMT	B	-0.03%
AMD	F	-0.03%
VSAT	F	-0.03%
COTY	F	-0.03%
BE	F	-0.03%
GPRE	F	-0.03%
NWSA	D	-0.03%
BIRK	D	-0.03%
ATEC	F	-0.03%
RCL	B	-0.03%
UPST	C	-0.03%
HLN	B	-0.03%
FRO	C	-0.03%
ASPN	D	-0.03%
PAR	B	-0.03%
CRDO	D	-0.03%
SLGN	B	-0.03%
VIST	D	-0.03%
FAST	C	-0.03%
DNB	C	-0.03%
AMAT	D	-0.04%
UTZ	C	-0.04%
AMRC	C	-0.04%
MP	D	-0.04%
RDY	D	-0.04%
FFIN	B	-0.04%
W	D	-0.04%
NEOG	C	-0.04%
BVN	D	-0.04%
BURL	B	-0.04%
EQT	D	-0.04%
ENR	F	-0.04%
SDGR	F	-0.04%
OSK	D	-0.04%
WMT	B	-0.04%
LMND	D	-0.04%
APPN	D	-0.04%
ALB	F	-0.04%
PRCT	B	-0.04%
GE	B	-0.04%
HHH	C	-0.04%
TMO	C	-0.04%
RXST	C	-0.04%
CNNE	D	-0.04%
UWMC	C	-0.04%
RIVN	F	-0.04%
ACIW	B	-0.05%
CTRA	F	-0.05%
AMRK	C	-0.05%
ERJ	C	-0.05%
SE	B	-0.06%
AEO	D	-0.06%
WST	D	-0.06%
APO	C	-0.06%
TTD	B	-0.06%
ZD	D	-0.06%
ACVA	B	-0.06%
STZ	C	-0.06%
SSB	B	-0.07%
VAL	F	-0.07%
MUFG	D	-0.07%
DLB	D	-0.07%
COP	D	-0.07%
TRMB	C	-0.08%
KTOS	B	-0.08%
CDW	D	-0.09%
R	B	-0.09%
AVY	D	-0.09%
HCA	B	-0.09%
MMYT	B	-0.09%
CHK	D	-0.09%
DY	B	-0.1%
BA	F	-0.1%
NXPI	D	-0.1%
MAT	C	-0.1%
VVV	D	-0.11%
BKR	D	-0.12%
ARGX	C	-0.12%
IDCC	B	-0.12%
ING	A	-0.13%
STM	F	-0.13%
NSIT	C	-0.13%
SLB	F	-0.13%
GPC	D	-0.13%
KEYS	C	-0.14%
NFLX	B	-0.15%
PKG	B	-0.16%
VMC	D	-0.16%
ASX	D	-0.17%
ABT	C	-0.17%
MU	F	-0.17%
HII	C	-0.18%
TM	F	-0.18%
STE	C	-0.18%
SYK	C	-0.19%
IPG	C	-0.2%
URI	B	-0.2%
INFY	C	-0.21%
PCAR	D	-0.22%
GSK	C	-0.24%
HSBC	B	-0.24%
PANW	D	-0.26%
EFX	C	-0.26%
INTC	F	-0.27%
FMX	F	-0.27%
CCEP	B	-0.28%
TYL	C	-0.28%
KR	B	-0.28%
WAT	C	-0.3%
DEO	C	-0.3%
SNPS	D	-0.31%
NSC	C	-0.31%
SAP	A	-0.31%
OMC	A	-0.31%
BABA	C	-0.32%
PG	C	-0.32%
GEHC	C	-0.33%
TTWO	D	-0.33%
ISRG	C	-0.35%
NOW	A	-0.36%
MMM	B	-0.36%
CMI	C	-0.36%
BK	A	-0.39%
UL	C	-0.4%
ZBH	F	-0.41%
GEV	B	-0.41%
LMT	C	-0.41%
TXN	C	-0.41%
MDLZ	B	-0.44%
MSI	C	-0.46%
HDB	C	-0.46%
UNH	C	-0.47%
MLM	D	-0.48%
MCD	C	-0.49%
XOM	D	-0.5%
WM	D	-0.52%
PNC	B	-0.52%
DE	B	-0.56%
TSLA	C	-0.57%
ASML	D	-0.57%
ETN	C	-0.58%
PAYX	C	-0.63%
VRSK	D	-0.63%
GD	B	-0.64%
DIS	D	-0.71%
CMCSA	D	-0.71%
LIN	B	-0.72%
CDNS	D	-0.73%
PEP	C	-0.73%
APD	B	-0.74%
ORCL	B	-0.84%

FTLS Underweight 173 Positions Relative to FNY

Symbol	Grade	Weight
APP	B	-0.91%
ENSG	C	-0.88%
COKE	C	-0.84%
HALO	B	-0.83%
PSN	B	-0.83%
MOG.A	B	-0.82%
NTRA	B	-0.82%
DVA	B	-0.81%
MUSA	C	-0.81%
FIX	B	-0.8%
CW	B	-0.8%
ATI	C	-0.8%
TTEK	C	-0.8%
MOD	C	-0.79%
FRPT	B	-0.78%
ITGR	B	-0.78%
CVNA	B	-0.78%
POST	C	-0.78%
EME	B	-0.76%
BCO	B	-0.75%
LNW	B	-0.75%
LNTH	C	-0.74%
IBKR	B	-0.72%
TOST	B	-0.72%
OLLI	C	-0.71%
CASY	D	-0.71%
SFBS	B	-0.69%
CVLT	B	-0.69%
HOOD	C	-0.68%
H	C	-0.68%
WWD	D	-0.68%
KNF	B	-0.67%
WING	B	-0.67%
TXRH	D	-0.67%
ARMK	B	-0.64%
AWI	B	-0.63%
RYAN	C	-0.63%
TW	A	-0.63%
PEGA	C	-0.63%
KTB	B	-0.63%
ATR	B	-0.62%
TPL	C	-0.62%
BMI	B	-0.62%
AAON	B	-0.61%
MEDP	D	-0.6%
FSS	D	-0.59%
NYT	C	-0.59%
ITT	C	-0.59%
AIT	C	-0.59%
XPO	D	-0.58%
FCN	C	-0.58%
SRPT	F	-0.57%
CHDN	C	-0.57%
WSM	C	-0.55%
ANF	D	-0.55%
WFRD	F	-0.53%
APG	D	-0.52%
MTSI	D	-0.52%
HLNE	B	-0.52%
APPF	D	-0.52%
OHI	A	-0.51%
CRVL	B	-0.51%
EPRT	A	-0.5%
ONTO	F	-0.5%
INGR	A	-0.5%
AXSM	C	-0.49%
HCC	F	-0.49%
SMAR	B	-0.49%
EXLS	C	-0.49%
HAS	B	-0.49%
MMSI	B	-0.48%
PLNT	A	-0.48%
FOUR	C	-0.47%
DUOL	B	-0.47%
IRT	B	-0.47%
MKSI	F	-0.47%
VRNS	C	-0.47%
LAMR	A	-0.46%
KAI	C	-0.46%
CWST	D	-0.46%
RVMD	C	-0.46%
MORN	C	-0.45%
BPMC	D	-0.45%
CFR	C	-0.45%
STWD	A	-0.45%
ACA	C	-0.45%
IBP	C	-0.44%
BRBR	B	-0.44%
ESAB	C	-0.44%
AXTA	C	-0.43%
NCLH	C	-0.43%
GOLF	F	-0.43%
DCI	D	-0.42%
TDW	F	-0.42%
OLED	C	-0.41%
OWL	C	-0.41%
ACLS	F	-0.4%
EEFT	D	-0.4%
ELF	F	-0.39%
IOT	A	-0.39%
AFRM	C	-0.39%
ALTR	C	-0.38%
WYNN	D	-0.37%
GNTX	F	-0.37%
IONS	F	-0.37%
ESTC	F	-0.37%
PR	D	-0.35%
CNM	F	-0.35%
ADC	C	-0.35%
PFGC	B	-0.32%
EXPO	B	-0.32%
CPT	B	-0.32%
GPK	B	-0.32%
UDR	B	-0.32%
BLKB	B	-0.31%
MSGS	B	-0.31%
BCPC	C	-0.31%
ITCI	D	-0.31%
ORA	C	-0.3%
MAC	B	-0.3%
S	C	-0.3%
HRI	C	-0.29%
AZEK	C	-0.29%
CHH	C	-0.29%
AOS	C	-0.28%
WMG	D	-0.27%
MSTR	D	-0.27%
TNET	D	-0.27%
BLD	D	-0.27%
WMS	D	-0.26%
FIZZ	D	-0.25%
OTTR	D	-0.25%
AEIS	D	-0.25%
INFA	D	-0.24%
EVH	C	-0.23%
AMR	F	-0.21%
SHC	B	-0.2%
CNS	B	-0.18%
BOX	B	-0.18%
ALLE	B	-0.17%
BRX	B	-0.17%
CUBE	B	-0.17%
REG	C	-0.17%
EGP	B	-0.16%
WEX	C	-0.16%
RGLD	B	-0.16%
NNN	B	-0.16%
DOC	C	-0.16%
WDFC	B	-0.16%
CELH	F	-0.16%
RHP	D	-0.15%
TECH	C	-0.15%
AES	C	-0.15%
SSD	C	-0.15%
TPX	C	-0.15%
WSC	D	-0.15%
CHE	C	-0.15%
WTS	C	-0.15%
DOCU	C	-0.15%
JKHY	B	-0.15%
RBC	C	-0.15%
NEU	D	-0.15%
HXL	F	-0.14%
YETI	D	-0.14%
FELE	C	-0.14%
WEN	C	-0.14%
IPAR	D	-0.14%
TENB	D	-0.13%
NCNO	D	-0.13%
PGNY	F	-0.12%
PCOR	F	-0.12%
ALGM	F	-0.11%
CIVI	F	-0.11%