FTQI vs. FHEQ ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Fidelity Hedged Equity ETF (FHEQ)

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

$20.87

Average Daily Volume

178,615

Number of Holdings ^*

195

* 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

$27.85

Average Daily Volume

24,615

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	FHEQ
30 Days	1.17%	1.30%
60 Days	2.84%	3.66%
90 Days	4.93%	4.24%
12 Months	17.52%

45 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in FHEQ	Overlap
AAPL	C	9.03%	7.31%	7.31%
ABBV	F	0.17%	1.0%	0.17%
ADBE	C	1.22%	0.93%	0.93%
AMT	C	0.27%	0.24%	0.24%
AMZN	C	4.39%	3.64%	3.64%
ANET	C	0.29%	0.08%	0.08%
AVGO	D	4.07%	1.49%	1.49%
AXP	A	0.15%	0.43%	0.15%
CAT	B	0.15%	0.48%	0.15%
CINF	A	0.17%	0.12%	0.12%
CL	D	0.19%	0.58%	0.19%
CME	B	0.96%	0.37%	0.37%
COST	A	2.64%	0.45%	0.45%
CRM	B	0.58%	1.09%	0.58%
CSCO	B	1.56%	0.79%	0.79%
DOCU	B	0.09%	0.18%	0.09%
ETN	A	0.14%	0.15%	0.14%
GE	D	0.12%	0.45%	0.12%
GOOG	C	1.87%	1.74%	1.74%
GOOGL	C	1.87%	2.02%	1.87%
INCY	C	0.19%	0.27%	0.19%
LLY	F	0.9%	0.76%	0.76%
MEDP	D	0.27%	0.31%	0.27%
META	D	4.15%	2.87%	2.87%
MSFT	D	8.03%	5.64%	5.64%
MSI	B	0.22%	0.26%	0.22%
NBIX	C	0.21%	0.11%	0.11%
NFLX	A	2.4%	1.26%	1.26%
NOW	A	0.46%	0.34%	0.34%
NVDA	B	5.22%	7.27%	5.22%
ORCL	A	0.75%	0.04%	0.04%
PGR	A	0.14%	0.63%	0.14%
QCOM	F	1.11%	0.84%	0.84%
QRVO	F	0.03%	0.11%	0.03%
SPGI	C	0.6%	0.28%	0.28%
TMUS	B	1.78%	0.29%	0.29%
TROW	B	0.1%	0.23%	0.1%
TSLA	B	3.05%	1.26%	1.26%
UTHR	C	0.18%	0.05%	0.05%
V	A	0.24%	0.47%	0.24%
VEEV	C	0.13%	0.12%	0.12%
WM	B	0.11%	0.38%	0.11%
WMT	A	0.39%	0.8%	0.39%
XOM	B	0.15%	1.54%	0.15%
ZBRA	B	0.37%	0.47%	0.37%

FTQI Overweight 150 Positions Relative to FHEQ

Symbol	Grade	Weight
TXN	C	1.54%
AMD	F	1.45%
PEP	F	1.45%
INTU	B	1.32%
EQIX	A	1.25%
LIN	C	1.19%
NTAP	C	0.79%
CHKP	C	0.72%
APH	A	0.58%
MGEE	B	0.58%
APP	B	0.52%
UFPI	C	0.51%
PTC	B	0.5%
LNT	A	0.49%
DUOL	A	0.48%
CASY	A	0.43%
TYL	B	0.4%
BGC	C	0.39%
STX	C	0.38%
CG	B	0.37%
NDAQ	A	0.36%
A	D	0.34%
WFRD	D	0.31%
IESC	C	0.31%
PAGP	A	0.29%
BCPC	B	0.29%
TSCO	D	0.28%
SBAC	D	0.28%
SNY	F	0.28%
MORN	B	0.28%
EWBC	A	0.28%
PNFP	B	0.27%
OTTR	C	0.27%
EVRG	A	0.26%
SOFI	B	0.26%
WWD	C	0.25%
LITE	B	0.25%
AXON	A	0.25%
ICLR	D	0.25%
UMBF	B	0.24%
CYBR	A	0.24%
UPST	B	0.24%
IDCC	B	0.24%
COIN	C	0.24%
STRL	A	0.24%
MTSI	B	0.23%
HOOD	B	0.23%
ERIE	D	0.22%
RVMD	C	0.22%
PTEN	C	0.22%
EXPE	B	0.22%
COKE	C	0.2%
PODD	C	0.2%
NTRA	A	0.2%
MANH	D	0.2%
DJT	C	0.2%
MPWR	F	0.2%
FFIV	B	0.2%
SAIA	B	0.2%
NTRS	A	0.19%
FCNCA	A	0.18%
AAON	B	0.18%
HBAN	A	0.18%
REG	A	0.18%
NOVT	D	0.18%
ZION	B	0.18%
ICUI	D	0.18%
MKSI	C	0.18%
CHRW	B	0.18%
TRMB	B	0.18%
VRNS	D	0.18%
OLLI	D	0.18%
GH	B	0.17%
MDGL	B	0.17%
DOX	D	0.17%
SSNC	B	0.17%
EBAY	D	0.17%
OLED	F	0.17%
LECO	C	0.16%
WIX	A	0.16%
MASI	B	0.16%
ARGX	B	0.16%
ITRI	C	0.16%
JAZZ	B	0.16%
MUSA	B	0.16%
PCVX	D	0.16%
BNTX	C	0.16%
FITB	B	0.16%
WTW	B	0.16%
LSTR	D	0.15%
POOL	C	0.15%
JBHT	C	0.15%
FRPT	A	0.14%
PH	A	0.14%
RMD	C	0.14%
BSY	F	0.14%
ENSG	C	0.14%
HALO	F	0.14%
CHDN	B	0.14%
ULTA	F	0.14%
MKTX	D	0.13%
TECH	F	0.13%
MIDD	C	0.13%
SFM	A	0.13%
MRUS	F	0.13%
WAT	C	0.13%
CYTK	F	0.13%
RGLD	C	0.13%
TTEK	F	0.13%
VMC	B	0.13%
VKTX	F	0.12%
ALNY	D	0.12%
LANC	C	0.12%
KRYS	C	0.12%
TWST	F	0.12%
ROIV	C	0.12%
LOW	C	0.12%
MTD	F	0.11%
UFPT	C	0.11%
SHOO	F	0.11%
MMYT	B	0.09%
BL	B	0.09%
LOGI	D	0.09%
HOLX	D	0.09%
TRMD	F	0.09%
CRVL	B	0.09%
CVLT	B	0.08%
CSWI	B	0.07%
BMRN	F	0.06%
ASND	F	0.05%
NWSA	A	0.05%
ACGL	C	0.05%
TW	A	0.05%
GEV	B	0.05%
CVCO	A	0.04%
APA	D	0.03%
RGEN	D	0.02%
OKTA	C	0.02%
REYN	D	0.01%
RXST	F	0.01%
TMDX	F	0.01%
ACHC	F	0.01%
LEGN	D	0.01%
ACLS	F	0.01%
APLS	F	0.01%
LNTH	D	0.01%
XRAY	F	0.01%
SRPT	F	0.01%
EXAS	D	0.01%
RPRX	D	0.01%

FTQI Underweight 123 Positions Relative to FHEQ

Symbol	Grade	Weight
BRK.A	B	-2.19%
JPM	A	-1.82%
MA	B	-1.34%
HD	B	-1.32%
BAC	A	-1.17%
PM	B	-0.92%
PG	C	-0.87%
CMCSA	B	-0.83%
NEE	C	-0.73%
UNP	C	-0.73%
TJX	A	-0.73%
GILD	C	-0.73%
AMAT	F	-0.7%
MRK	D	-0.69%
TT	A	-0.69%
LMT	D	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CTAS	B	-0.66%
CI	D	-0.63%
ECL	D	-0.62%
JNJ	C	-0.61%
SQ	A	-0.59%
BDX	F	-0.59%
UNH	B	-0.57%
DIS	B	-0.57%
NOC	D	-0.56%
SCHW	B	-0.56%
PFE	F	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
PYPL	B	-0.54%
KLAC	F	-0.54%
DVN	F	-0.53%
ZM	C	-0.52%
CVNA	B	-0.52%
MMC	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
MU	D	-0.47%
IGT	F	-0.45%
ALLE	C	-0.44%
RTX	D	-0.44%
EOG	A	-0.43%
CSX	C	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
ANF	F	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
GRMN	B	-0.31%
CACI	D	-0.3%
SKYW	C	-0.29%
HWM	A	-0.27%
TMO	F	-0.26%
IDXX	F	-0.26%
NSC	B	-0.26%
FTNT	C	-0.24%
AMGN	F	-0.24%
BLK	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%
RSG	A	-0.2%
GL	C	-0.2%
CLX	A	-0.2%
PSA	C	-0.19%
GAP	C	-0.18%
HLT	A	-0.18%
VZ	C	-0.18%
GEHC	D	-0.17%
LNW	F	-0.17%
FTI	A	-0.17%
ADP	A	-0.16%
WDAY	B	-0.16%
SPG	A	-0.16%
MS	A	-0.16%
PEGA	B	-0.16%
F	C	-0.15%
TPH	D	-0.15%
WFC	A	-0.15%
UBER	F	-0.14%
GEN	B	-0.13%
DASH	B	-0.12%
SOLV	D	-0.12%
BBWI	C	-0.11%
VST	A	-0.11%
KR	B	-0.11%
ROST	D	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
DOC	C	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
MDLZ	F	-0.07%
L	A	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	C	-0.01%
OGE	A	-0.01%