FTQI vs. FDLO ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Fidelity Low Volatility Factor ETF (FDLO)

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on the index. The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.48

Average Daily Volume

107,493

Number of Holdings ^*

194

* may have additional holdings in another (foreign) market

FDLO

Fidelity Low Volatility Factor ETF

FDLO Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Low Volatility Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Low Volatility Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with lower volatility than the broader market.

Grade (RS Rating)

Last Trade

$61.02

Average Daily Volume

90,831

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	FDLO
30 Days	3.94%	2.09%
60 Days	9.15%	8.58%
90 Days	1.41%	6.14%
12 Months	21.05%	27.76%

29 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in FDLO	Overlap
AAPL	C	9.16%	7.37%	7.37%
ABBV	C	0.2%	1.16%	0.2%
AMT	D	0.33%	0.34%	0.33%
AMZN	C	4.34%	3.64%	3.64%
CL	D	0.22%	0.39%	0.22%
CME	A	0.94%	0.67%	0.67%
CSCO	A	1.44%	1.63%	1.44%
DOX	B	0.18%	1.14%	0.18%
EQIX	C	1.24%	0.3%	0.3%
ERIE	A	0.29%	0.6%	0.29%
ETN	B	0.13%	0.66%	0.13%
GOOGL	B	1.77%	3.93%	1.77%
LIN	C	1.29%	0.57%	0.57%
LLY	D	1.13%	1.85%	1.13%
LOW	C	0.12%	0.7%	0.12%
MSFT	D	8.38%	7.16%	7.16%
MSI	A	0.2%	1.37%	0.2%
ORCL	A	0.69%	1.85%	0.69%
PEP	F	1.55%	0.66%	0.66%
PGR	B	0.14%	0.83%	0.14%
TMUS	A	1.54%	0.85%	0.85%
TSCO	A	0.29%	0.47%	0.29%
TXN	C	1.61%	1.55%	1.55%
TYL	D	0.39%	1.16%	0.39%
V	B	0.21%	1.31%	0.21%
VMC	D	0.12%	0.18%	0.12%
WM	B	0.1%	0.52%	0.1%
WMT	A	0.37%	0.9%	0.37%
XOM	A	0.14%	1.14%	0.14%

FTQI Overweight 165 Positions Relative to FDLO

Symbol	Grade	Weight
NVDA	B	4.86%
AVGO	B	4.69%
META	A	4.45%
COST	C	2.64%
TSLA	C	2.43%
NFLX	A	2.08%
AMD	C	1.89%
GOOG	B	1.76%
ADBE	F	1.51%
QCOM	D	1.25%
INTU	F	1.23%
NTAP	D	0.84%
CHKP	A	0.82%
SPGI	C	0.62%
APH	D	0.54%
OTTR	F	0.52%
UFPI	C	0.51%
MGEE	C	0.5%
CRM	B	0.49%
PTC	B	0.48%
LNT	B	0.48%
STX	C	0.44%
DUOL	B	0.44%
ICLR	F	0.4%
NOW	B	0.4%
CASY	D	0.4%
A	B	0.39%
ZBRA	B	0.36%
MPWR	B	0.35%
BGC	B	0.35%
SNY	C	0.34%
WFRD	F	0.34%
NDAQ	C	0.33%
CG	B	0.32%
APA	F	0.31%
TRMD	D	0.3%
PAGP	B	0.3%
MEDP	F	0.3%
ANET	A	0.3%
SBAC	C	0.3%
BCPC	C	0.29%
MORN	B	0.26%
WWD	C	0.25%
EVRG	C	0.25%
IESC	A	0.24%
BMRN	F	0.23%
OLED	B	0.23%
APP	A	0.23%
MTSI	B	0.22%
NBIX	F	0.22%
EWBC	B	0.22%
CYBR	C	0.22%
MANH	A	0.21%
PNFP	B	0.21%
PTEN	F	0.21%
PCVX	C	0.21%
VRNS	B	0.21%
LITE	A	0.2%
BNTX	B	0.2%
OLLI	C	0.2%
STRL	B	0.2%
MKSI	F	0.2%
UMBF	C	0.2%
COKE	C	0.2%
ICUI	B	0.19%
NOVT	C	0.19%
FFIV	B	0.19%
ASND	C	0.19%
PODD	C	0.18%
EBAY	A	0.18%
HALO	D	0.18%
UTHR	C	0.18%
CHRW	C	0.18%
EXPE	B	0.18%
IDCC	A	0.18%
NTRA	A	0.17%
QRVO	F	0.17%
SAIA	D	0.17%
REG	C	0.17%
SSNC	C	0.17%
RVMD	B	0.17%
NTRS	B	0.16%
TWST	D	0.16%
TRMB	B	0.16%
XRAY	D	0.16%
INCY	B	0.16%
ULTA	D	0.16%
EXAS	C	0.16%
AXON	A	0.16%
HOOD	B	0.16%
JBHT	D	0.15%
ITRI	C	0.15%
ENSG	D	0.15%
LECO	D	0.15%
TECH	D	0.15%
HBAN	B	0.15%
JAZZ	F	0.15%
ACLS	F	0.15%
FCNCA	D	0.15%
CINF	A	0.15%
WIX	D	0.15%
ARGX	C	0.15%
VKTX	C	0.15%
LSTR	F	0.15%
FITB	C	0.15%
CAT	A	0.15%
TTEK	A	0.15%
SOFI	C	0.15%
BSY	D	0.15%
MUSA	D	0.15%
POOL	D	0.15%
WTW	C	0.15%
CHDN	C	0.14%
RGLD	C	0.14%
ZION	D	0.14%
CYTK	D	0.14%
MTD	C	0.14%
ALNY	C	0.14%
AXP	A	0.14%
LNTH	C	0.14%
RMD	C	0.14%
AAON	A	0.14%
ACHC	F	0.14%
COIN	F	0.14%
RPRX	D	0.14%
UPST	C	0.14%
KRYS	D	0.13%
GH	F	0.13%
WAT	B	0.13%
MASI	B	0.13%
VEEV	C	0.13%
SRPT	F	0.13%
MRUS	D	0.13%
MIDD	D	0.13%
UFPT	D	0.12%
LANC	F	0.12%
LEGN	F	0.12%
MKTX	B	0.12%
GE	B	0.12%
FRPT	A	0.12%
SHOO	A	0.12%
PH	A	0.12%
MDGL	F	0.12%
TMDX	D	0.12%
LOGI	D	0.11%
APLS	F	0.11%
TROW	D	0.1%
SFM	A	0.1%
DJT	F	0.1%
CRVL	C	0.09%
HOLX	D	0.09%
CVLT	B	0.08%
BL	D	0.08%
MMYT	B	0.08%
DOCU	A	0.07%
ACGL	A	0.06%
CSWI	A	0.06%
TW	A	0.05%
OKTA	F	0.05%
GEV	A	0.04%
CVCO	C	0.04%
NWSA	D	0.04%
RXST	F	0.02%
RGEN	F	0.02%
REYN	D	0.01%

FTQI Underweight 96 Positions Relative to FDLO

Symbol	Grade	Weight
BRK.A	B	-2.07%
IBM	A	-1.66%
JPM	C	-1.62%
ACN	B	-1.58%
UNH	B	-1.52%
MA	A	-1.27%
JNJ	D	-1.24%
ROP	D	-1.23%
AKAM	D	-1.19%
HD	A	-1.17%
VRSN	C	-1.14%
MRK	F	-1.04%
VZ	C	-1.01%
PG	D	-1.01%
T	B	-0.96%
TMO	D	-0.94%
CMCSA	B	-0.92%
ABT	C	-0.88%
MCD	A	-0.84%
AMGN	D	-0.81%
KO	C	-0.76%
CB	A	-0.73%
SBUX	B	-0.69%
MMC	D	-0.68%
VRTX	D	-0.68%
REGN	D	-0.68%
NKE	D	-0.66%
UNP	F	-0.66%
HON	C	-0.64%
TJX	D	-0.64%
BDX	C	-0.64%
EA	D	-0.64%
TRV	B	-0.63%
LMT	A	-0.63%
CVX	B	-0.62%
ADP	A	-0.6%
PM	D	-0.59%
AJG	C	-0.58%
CBOE	B	-0.56%
AIZ	B	-0.56%
FDS	C	-0.56%
NOC	B	-0.54%
ITW	C	-0.54%
JKHY	A	-0.52%
WRB	C	-0.52%
GD	C	-0.51%
ORLY	A	-0.5%
OTIS	A	-0.49%
AZO	D	-0.48%
LHX	A	-0.47%
PAYX	B	-0.47%
FAST	C	-0.47%
BAH	C	-0.46%
RSG	D	-0.45%
J	F	-0.44%
GRMN	D	-0.43%
MDLZ	D	-0.43%
FCN	C	-0.4%
HII	F	-0.39%
COP	D	-0.38%
SO	A	-0.38%
DUK	C	-0.37%
GIS	C	-0.33%
KMB	D	-0.32%
SHW	C	-0.31%
AEP	C	-0.3%
EOG	B	-0.29%
XEL	C	-0.28%
ED	C	-0.27%
WMB	A	-0.27%
HSY	D	-0.27%
APD	C	-0.26%
PSA	C	-0.26%
WEC	B	-0.26%
O	C	-0.25%
AEE	A	-0.25%
ECL	C	-0.25%
LNG	A	-0.24%
DLR	C	-0.24%
KMI	A	-0.24%
CMS	A	-0.24%
CCI	D	-0.23%
CTVA	A	-0.22%
CSGP	F	-0.19%
EQR	C	-0.19%
MAA	D	-0.18%
DTM	A	-0.18%
MLM	F	-0.18%
CTRA	D	-0.18%
AMCR	C	-0.17%
PKG	B	-0.17%
ATR	A	-0.16%
ELS	D	-0.16%
AMH	D	-0.16%
AVY	D	-0.16%
ADC	C	-0.15%