FTLS vs. VFH ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Vanguard Financials ETF - DNQ (VFH)

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

$62.95

Average Daily Volume

143,082

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

VFH

Vanguard Financials ETF - DNQ

VFH Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the financials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$109.77

Average Daily Volume

303,547

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	VFH
30 Days	-0.80%	2.68%
60 Days	1.06%	5.00%
90 Days	0.62%	9.71%
12 Months	18.51%	32.86%

56 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in VFH	Overlap
AFL	B	0.71%	0.82%	0.71%
AIZ	B	0.21%	0.14%	0.14%
ALL	A	0.86%	0.69%	0.69%
ALLY	F	0.28%	0.16%	0.16%
APO	C	-0.06%	0.64%	-0.06%
AUB	C	0.06%	0.05%	0.05%
AXS	B	0.13%	0.09%	0.09%
BK	A	-0.39%	0.7%	-0.39%
BOH	C	0.07%	0.04%	0.04%
BRK.A	C	1.12%	8.72%	1.12%
C	D	1.89%	1.65%	1.65%
CBSH	C	0.11%	0.11%	0.11%
CBU	C	-0.02%	0.04%	-0.02%
CNNE	D	-0.04%	0.02%	-0.04%
COLB	B	0.15%	0.07%	0.07%
CUBI	F	0.08%	0.02%	0.02%
EBC	B	0.06%	0.05%	0.05%
ESNT	B	0.1%	0.09%	0.09%
EWBC	C	0.19%	0.16%	0.16%
FFIN	B	-0.04%	0.06%	-0.04%
FHB	C	0.06%	0.04%	0.04%
FIS	B	0.98%	0.63%	0.63%
GBCI	B	0.07%	0.07%	0.07%
GL	C	0.39%	0.13%	0.13%
IBOC	C	-0.02%	0.05%	-0.02%
JPM	D	0.82%	8.94%	0.82%
KMPR	D	0.07%	0.06%	0.06%
KNSL	C	0.22%	0.15%	0.15%
LKFN	C	-0.02%	0.02%	-0.02%
LMND	D	-0.04%	0.01%	-0.04%
MQ	F	0.08%	0.03%	0.03%
MTG	B	0.13%	0.09%	0.09%
NMIH	B	0.07%	0.04%	0.04%
NTRS	B	0.36%	0.26%	0.26%
ORI	A	0.14%	0.13%	0.13%
PLMR	B	0.06%	0.03%	0.03%
PNC	B	-0.52%	1.02%	-0.52%
PNFP	B	0.13%	0.11%	0.11%
PRI	B	0.13%	0.13%	0.13%
RLI	B	0.07%	0.09%	0.07%
SCHW	D	1.8%	1.36%	1.36%
SIGI	C	0.13%	0.08%	0.08%
SOFI	C	-0.04%	0.11%	-0.04%
SSB	B	-0.07%	0.1%	-0.07%
SYF	C	0.58%	0.28%	0.28%
TBBK	B	0.09%	0.04%	0.04%
TCBI	B	0.08%	0.04%	0.04%
TFC	D	0.94%	0.82%	0.82%
THG	A	0.09%	0.07%	0.07%
TRV	B	0.99%	0.72%	0.72%
UBSI	B	0.07%	0.07%	0.07%
UMBF	B	0.14%	0.07%	0.07%
UPST	C	-0.03%	0.04%	-0.03%
USB	B	1.21%	1.02%	1.02%
UWMC	C	-0.04%	0.01%	-0.04%
WRB	C	0.32%	0.25%	0.25%

FTLS Overweight 328 Positions Relative to VFH

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%
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%
CTAS	C	1.07%
AVGO	C	1.06%
GOOG	D	1.06%
ILMN	C	1.04%
LLY	C	1.03%
LNG	D	1.03%
KMI	A	0.99%
HPQ	D	0.93%
SYY	D	0.88%
HWM	B	0.84%
FANG	D	0.8%
PBR	D	0.78%
NTAP	D	0.76%
TOL	B	0.63%
JBL	D	0.61%
INSM	D	0.58%
CROX	C	0.58%
NVR	B	0.57%
RL	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%
FLEX	C	0.36%
PENN	D	0.36%
FFIV	A	0.35%
ZIM	C	0.34%
TTC	D	0.33%
EXP	B	0.32%
ASO	C	0.32%
TKO	B	0.32%
DBX	D	0.32%
CCK	A	0.3%
CRS	B	0.29%
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%
HRB	C	0.21%
STNG	D	0.2%
WHD	C	0.19%
TWST	D	0.19%
MSM	D	0.19%
MGY	C	0.18%
SAM	F	0.18%
THO	D	0.17%
ADMA	B	0.16%
GLBE	C	0.16%
ALKS	C	0.16%
OPCH	C	0.16%
LOGI	D	0.15%
ALSN	B	0.15%
EXEL	B	0.15%
BFAM	C	0.15%
LEG	D	0.14%
CBT	B	0.13%
TXG	D	0.13%
CRC	C	0.13%
PAA	D	0.13%
GFF	C	0.12%
HESM	C	0.12%
KRG	B	0.12%
NSA	B	0.12%
MATX	C	0.12%
SFM	B	0.12%
CALM	B	0.12%
CSWI	B	0.11%
WGO	D	0.11%
ENLC	B	0.11%
RDFN	C	0.11%
SMPL	D	0.11%
SKYW	C	0.11%
MMS	D	0.11%
AM	B	0.11%
GMS	C	0.11%
GM	B	0.11%
DBRG	D	0.1%
ZWS	B	0.1%
FTDR	B	0.1%
GRBK	B	0.1%
YOU	B	0.1%
VRNA	B	0.1%
EPR	B	0.09%
EXTR	C	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%
KFY	B	0.08%
LOPE	D	0.08%
HAYW	C	0.07%
REVG	C	0.07%
AVNT	B	0.07%
MYGN	B	0.07%
AZZ	C	0.07%
OTEX	D	0.07%
CARG	B	0.07%
BCRX	C	0.07%
VCYT	B	0.07%
CDNA	C	0.06%
SUPN	C	0.06%
GSL	D	0.06%
WFG	B	0.06%
COLL	B	0.06%
AMPH	C	0.06%
ROIC	B	0.06%
PLXS	B	0.06%
BRC	B	0.06%
WMB	B	0.06%
ADUS	B	0.06%
ICFI	C	0.06%
PBH	B	0.06%
WOLF	F	-0.02%
FSLR	C	-0.02%
HON	D	-0.02%
KD	D	-0.02%
AER	C	-0.02%
NVEE	F	-0.02%
SAIA	D	-0.02%
ARM	D	-0.02%
ENS	C	-0.02%
EA	D	-0.02%
COHR	B	-0.02%
CVX	D	-0.02%
AZTA	D	-0.03%
GKOS	D	-0.03%
RH	B	-0.03%
DIOD	F	-0.03%
ARLO	F	-0.03%
CFLT	F	-0.03%
OSIS	C	-0.03%
RUN	C	-0.03%
CLH	B	-0.03%
ICHR	F	-0.03%
MARA	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%
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%
IRTC	F	-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%
LYFT	D	-0.04%
WMT	B	-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%
RIVN	F	-0.04%
ACIW	B	-0.05%
CTRA	F	-0.05%
GATX	D	-0.05%
AMRK	C	-0.05%
ERJ	C	-0.05%
SE	B	-0.06%
AEO	D	-0.06%
WST	D	-0.06%
TTD	B	-0.06%
ZD	D	-0.06%
ACVA	B	-0.06%
STZ	C	-0.06%
VNT	D	-0.07%
VAL	F	-0.07%
AVAV	D	-0.07%
MUFG	D	-0.07%
DLB	D	-0.07%
MSA	C	-0.07%
COP	D	-0.07%
VRRM	D	-0.07%
TRMB	C	-0.08%
KTOS	B	-0.08%
CCOI	C	-0.09%
CDW	D	-0.09%
R	B	-0.09%
AVY	D	-0.09%
HCA	B	-0.09%
MMYT	B	-0.09%
CHK	D	-0.09%
HAE	D	-0.1%
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%
HQY	C	-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%
BWXT	D	-0.18%
HII	C	-0.18%
TM	F	-0.18%
STE	C	-0.18%
SYK	C	-0.19%
IPG	C	-0.2%
URI	B	-0.2%
GWRE	A	-0.21%
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%
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%
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 317 Positions Relative to VFH

Symbol	Grade	Weight
MA	B	-5.55%
V	B	-4.12%
BAC	D	-3.97%
WFC	D	-2.82%
GS	D	-2.28%
SPGI	B	-2.27%
AXP	B	-2.06%
PGR	A	-2.04%
BLK	A	-1.85%
MS	D	-1.75%
MMC	C	-1.55%
CB	B	-1.52%
BX	B	-1.41%
ICE	B	-1.28%
MCO	A	-1.11%
KKR	B	-1.06%
PYPL	B	-1.0%
AON	B	-0.93%
AJG	C	-0.88%
COF	C	-0.78%
AIG	D	-0.71%
MET	A	-0.65%
MSCI	C	-0.64%
AMP	B	-0.62%
PRU	C	-0.6%
ACGL	B	-0.59%
SQ	D	-0.51%
HIG	A	-0.48%
DFS	C	-0.48%
COIN	F	-0.48%
NDAQ	B	-0.43%
WTW	B	-0.41%
MTB	B	-0.4%
FITB	B	-0.4%
GPN	D	-0.39%
ARES	B	-0.38%
STT	A	-0.36%
BRO	C	-0.35%
RJF	C	-0.33%
TROW	D	-0.33%
CINF	B	-0.3%
RF	B	-0.3%
CBOE	C	-0.3%
HBAN	B	-0.3%
FCNCA	D	-0.29%
MKL	C	-0.29%
CPAY	B	-0.29%
CFG	D	-0.27%
PFG	B	-0.26%
EG	B	-0.24%
LPLA	D	-0.23%
FDS	C	-0.22%
KEY	B	-0.22%
FNF	A	-0.21%
L	B	-0.21%
RGA	B	-0.2%
RNR	B	-0.19%
TW	A	-0.19%
EQH	C	-0.19%
ERIE	A	-0.18%
IBKR	B	-0.18%
JKHY	B	-0.17%
UNM	B	-0.15%
HOOD	C	-0.15%
JEF	B	-0.14%
AFRM	C	-0.14%
SF	A	-0.13%
FHN	D	-0.13%
MKTX	C	-0.13%
CG	C	-0.13%
AFG	B	-0.13%
WAL	B	-0.12%
MORN	C	-0.12%
EVR	B	-0.12%
TOST	B	-0.12%
WEX	C	-0.11%
CRBG	D	-0.11%
WBS	C	-0.11%
HLI	B	-0.11%
OWL	C	-0.11%
JXN	B	-0.1%
CFR	C	-0.1%
PB	B	-0.1%
VOYA	A	-0.1%
WTFC	B	-0.1%
ZION	D	-0.1%
BPOP	C	-0.1%
AGNC	A	-0.1%
SEIC	B	-0.1%
CMA	B	-0.1%
STWD	A	-0.09%
ONB	C	-0.09%
RYAN	C	-0.09%
FAF	B	-0.09%
SNV	C	-0.09%
LNC	D	-0.08%
RDN	B	-0.08%
AMG	C	-0.08%
IVZ	C	-0.08%
BEN	F	-0.08%
HLNE	B	-0.08%
CADE	B	-0.08%
OMF	C	-0.08%
COOP	B	-0.08%
MC	B	-0.07%
WTM	F	-0.07%
PIPR	B	-0.07%
JHG	B	-0.07%
HOMB	B	-0.07%
FNB	D	-0.07%
ABCB	B	-0.06%
AGO	C	-0.06%
WU	D	-0.06%
SFBS	B	-0.06%
SLM	C	-0.06%
OZK	D	-0.06%
HWC	D	-0.06%
FOUR	C	-0.06%
EEFT	D	-0.06%
PFSI	B	-0.06%
WSFS	C	-0.05%
ASB	D	-0.05%
FULT	C	-0.05%
FBP	C	-0.05%
BGC	B	-0.05%
WD	B	-0.05%
UCBI	B	-0.05%
HASI	B	-0.05%
AX	D	-0.05%
TPG	B	-0.05%
VLY	C	-0.05%
CNO	B	-0.05%
ESGR	D	-0.05%
VIRT	B	-0.04%
ABR	B	-0.04%
CVBF	C	-0.04%
TOWN	B	-0.04%
SFNC	B	-0.04%
INDB	C	-0.04%
FHI	A	-0.04%
PJT	B	-0.04%
PRK	C	-0.04%
BKU	C	-0.04%
BHF	D	-0.04%
APAM	C	-0.04%
FIBK	B	-0.04%
OSCR	B	-0.04%
WAFD	B	-0.04%
CATY	B	-0.04%
BXMT	C	-0.04%
GNW	B	-0.04%
BOKF	B	-0.04%
CACC	D	-0.04%
STEP	B	-0.04%
MCY	C	-0.03%
AGM	D	-0.03%
DFIN	B	-0.03%
WSBC	D	-0.03%
TRMK	C	-0.03%
NATL	D	-0.03%
FLYW	F	-0.03%
EFSC	B	-0.03%
BANC	B	-0.03%
GSHD	B	-0.03%
STC	B	-0.03%
BANR	B	-0.03%
PRG	B	-0.03%
OFG	C	-0.03%
IBTX	B	-0.03%
RNST	D	-0.03%
EVTC	D	-0.03%
BANF	B	-0.03%
NBTB	D	-0.03%
VCTR	B	-0.03%
SBCF	C	-0.03%
FRME	C	-0.03%
PFS	B	-0.03%
ENVA	C	-0.03%
SNEX	C	-0.03%
HTLF	B	-0.03%
PPBI	D	-0.03%
RKT	B	-0.03%
CNS	B	-0.03%
FFBC	C	-0.03%
EFC	B	-0.02%
SRCE	C	-0.02%
ECPG	C	-0.02%
GABC	C	-0.02%
PMT	B	-0.02%
EIG	B	-0.02%
BHLB	C	-0.02%
NIC	C	-0.02%
QCRH	B	-0.02%
SAFT	C	-0.02%
VBTX	B	-0.02%
RC	D	-0.02%
SKWD	C	-0.02%
LC	C	-0.02%
WABC	D	-0.02%
SASR	B	-0.02%
NAVI	C	-0.02%
LADR	B	-0.02%
ARI	F	-0.02%
LOB	B	-0.02%
TCBK	C	-0.02%
HMN	C	-0.02%
VRTS	D	-0.02%
CODI	D	-0.02%
SPNT	C	-0.02%
TRUP	C	-0.02%
BUSE	C	-0.02%
HOPE	B	-0.02%
HTH	C	-0.02%
FRHC	B	-0.02%
STBA	B	-0.02%
NBHC	C	-0.02%
NNI	B	-0.02%
NWBI	C	-0.02%
SYBT	B	-0.02%
FBNC	B	-0.02%
CASH	B	-0.02%
CHCO	B	-0.02%
FCF	C	-0.02%
FBK	B	-0.02%
FFWM	D	-0.01%
FFIC	C	-0.01%
KRNY	C	-0.01%
PAY	C	-0.01%
HIFS	B	-0.01%
WRLD	D	-0.01%
CARE	B	-0.01%
SMBK	B	-0.01%
SPFI	B	-0.01%
DHIL	B	-0.01%
UFCS	D	-0.01%
MPB	B	-0.01%
PGC	C	-0.01%
PX	C	-0.01%
TIPT	B	-0.01%
MSBI	D	-0.01%
BHB	B	-0.01%
CCBG	B	-0.01%
NRDS	D	-0.01%
MCB	C	-0.01%
THFF	B	-0.01%
NFBK	C	-0.01%
CCNE	C	-0.01%
HONE	C	-0.01%
TRTX	C	-0.01%
GDOT	C	-0.01%
AROW	C	-0.01%
IIIV	D	-0.01%
AMBC	F	-0.01%
AMAL	B	-0.01%
WASH	B	-0.01%
CASS	D	-0.01%
EQBK	B	-0.01%
SMBC	C	-0.01%
GSBC	C	-0.01%
LPRO	D	-0.01%
CAC	C	-0.01%
FMNB	B	-0.01%
CCB	C	-0.01%
BFST	B	-0.01%
UVE	B	-0.01%
IMXI	D	-0.01%
HAFC	C	-0.01%
HTBK	C	-0.01%
EGBN	C	-0.01%
EZPW	D	-0.01%
AMTB	D	-0.01%
PRA	C	-0.01%
TRST	C	-0.01%
TREE	C	-0.01%
RPAY	D	-0.01%
HBNC	B	-0.01%
KREF	B	-0.01%
IBCP	B	-0.01%
MBWM	C	-0.01%
BSIG	B	-0.01%
BY	C	-0.01%
FCBC	B	-0.01%
CPF	B	-0.01%
OSBC	C	-0.01%
CFB	C	-0.01%
TMP	C	-0.01%
CTBI	B	-0.01%
CFFN	C	-0.01%
BRSP	D	-0.01%
HFWA	C	-0.01%
FMBH	B	-0.01%
UVSP	B	-0.01%
HCI	C	-0.01%
PRAA	D	-0.01%
CMTG	F	-0.01%
PFC	C	-0.01%
DCOM	B	-0.01%
BRKL	C	-0.01%
BFC	B	-0.01%
CNOB	B	-0.01%
DX	A	-0.01%
MBIN	C	-0.01%
SBSI	B	-0.01%
AMSF	C	-0.01%
OBK	C	-0.01%
RWT	B	-0.01%
FBMS	B	-0.01%
PEBO	C	-0.01%
OCFC	B	-0.01%
PFBC	C	-0.01%
RILY	F	-0.0%
AC	D	-0.0%
DGICA	B	-0.0%
JRVR	F	-0.0%
HMST	C	-0.0%
BMRC	C	-0.0%
ACRE	C	-0.0%