FTQI vs. TXS ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Texas Capital Texas Equity Index ETF (TXS)

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

TXS

Texas Capital Texas Equity Index ETF

TXS Description

TXS tracks an index composed of companies that have significant contributions to the economy of Texas. The fund adviser believes that companies headquartered in Texas enjoy certain economic, regulatory, taxation, workforce and other benefits relative to companies headquartered in other states. Initially, all eligible securities from the investable equity universe that meet certain size and liquidity requirements are selected as index constituents. Component sectors in the index are weighted based on their industry contributions to Texass GDP, as reported for the private sector by the US Bureau of Economic Analysis. Companies within each sector are then weighted based on their market-cap, with a minimum cap of 0.05% and maximum cap of 10% per constituent. The fund does not limit its investment to a certain market-cap bracket. TXS may concentrate its investment in a particular industry or group of industries to the extent that the index is concentrated.

Grade (RS Rating)

Last Trade

$34.77

Average Daily Volume

2,647

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	TXS
30 Days	1.17%	10.30%
60 Days	2.84%	10.71%
90 Days	4.93%	12.99%
12 Months	17.52%	41.97%

15 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in TXS	Overlap
ANET	C	0.29%	0.07%	0.07%
APA	D	0.03%	0.12%	0.03%
CAT	B	0.15%	1.09%	0.15%
CSWI	B	0.07%	0.06%	0.06%
IESC	C	0.31%	0.2%	0.2%
NTRA	A	0.2%	0.11%	0.11%
ORCL	A	0.75%	2.37%	0.75%
PTEN	C	0.22%	0.05%	0.05%
STRL	A	0.24%	0.22%	0.22%
TSLA	B	3.05%	5.5%	3.05%
TXN	C	1.54%	1.13%	1.13%
TYL	B	0.4%	1.31%	0.4%
WFRD	D	0.31%	0.09%	0.09%
WM	B	0.11%	3.35%	0.11%
XOM	B	0.15%	3.28%	0.15%

FTQI Overweight 180 Positions Relative to TXS

Symbol	Grade	Weight
AAPL	C	9.03%
MSFT	D	8.03%
NVDA	B	5.22%
AMZN	C	4.39%
META	D	4.15%
AVGO	D	4.07%
COST	A	2.64%
NFLX	A	2.4%
GOOG	C	1.87%
GOOGL	C	1.87%
TMUS	B	1.78%
CSCO	B	1.56%
AMD	F	1.45%
PEP	F	1.45%
INTU	B	1.32%
EQIX	A	1.25%
ADBE	C	1.22%
LIN	C	1.19%
QCOM	F	1.11%
CME	B	0.96%
LLY	F	0.9%
NTAP	C	0.79%
CHKP	C	0.72%
SPGI	C	0.6%
CRM	B	0.58%
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%
NOW	A	0.46%
CASY	A	0.43%
WMT	A	0.39%
BGC	C	0.39%
STX	C	0.38%
ZBRA	B	0.37%
CG	B	0.37%
NDAQ	A	0.36%
A	D	0.34%
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%
MEDP	D	0.27%
AMT	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%
V	A	0.24%
UPST	B	0.24%
IDCC	B	0.24%
COIN	C	0.24%
MTSI	B	0.23%
HOOD	B	0.23%
MSI	B	0.22%
ERIE	D	0.22%
RVMD	C	0.22%
EXPE	B	0.22%
NBIX	C	0.21%
COKE	C	0.2%
PODD	C	0.2%
MANH	D	0.2%
DJT	C	0.2%
MPWR	F	0.2%
FFIV	B	0.2%
SAIA	B	0.2%
INCY	C	0.19%
NTRS	A	0.19%
CL	D	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%
UTHR	C	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%
CINF	A	0.17%
MDGL	B	0.17%
DOX	D	0.17%
SSNC	B	0.17%
ABBV	F	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%
AXP	A	0.15%
JBHT	C	0.15%
FRPT	A	0.14%
PH	A	0.14%
RMD	C	0.14%
BSY	F	0.14%
ETN	A	0.14%
PGR	A	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%
VEEV	C	0.13%
RGLD	C	0.13%
TTEK	F	0.13%
VMC	B	0.13%
GE	D	0.12%
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%
TROW	B	0.1%
MMYT	B	0.09%
BL	B	0.09%
DOCU	B	0.09%
LOGI	D	0.09%
HOLX	D	0.09%
TRMD	F	0.09%
CRVL	B	0.09%
CVLT	B	0.08%
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%
QRVO	F	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 182 Positions Relative to TXS

Symbol	Grade	Weight
THC	D	-4.2%
CRWD	B	-4.06%
SCHW	B	-4.06%
DLR	B	-4.02%
MCK	A	-3.82%
CCI	C	-2.93%
GME	C	-2.92%
CBRE	B	-2.56%
LNG	A	-2.46%
TPL	A	-1.96%
COP	C	-1.95%
KMI	A	-1.89%
SYY	D	-1.88%
DHI	F	-1.86%
SCI	B	-1.85%
PWR	A	-1.84%
WING	D	-1.64%
GPI	B	-1.58%
TRGP	A	-1.43%
T	A	-1.31%
RUSHA	C	-1.23%
INVH	D	-1.23%
EOG	A	-1.14%
J	D	-0.96%
ASO	F	-0.95%
SLB	C	-0.92%
EAT	A	-0.91%
VST	A	-0.84%
CPT	B	-0.81%
ACM	B	-0.78%
PLAY	D	-0.71%
LUV	C	-0.69%
FIX	A	-0.63%
ADUS	D	-0.62%
BKR	A	-0.61%
OXY	D	-0.51%
FLR	B	-0.48%
FANG	C	-0.47%
KBR	F	-0.42%
CPRT	B	-0.41%
SBH	C	-0.4%
USPH	B	-0.39%
HAL	C	-0.39%
ATO	A	-0.39%
CNP	A	-0.35%
AAL	B	-0.33%
PSX	C	-0.32%
GL	C	-0.31%
NRG	B	-0.31%
CRBG	B	-0.31%
CMA	B	-0.3%
KMB	C	-0.28%
CFR	B	-0.27%
CTRA	B	-0.27%
HHH	B	-0.27%
KEX	B	-0.26%
VLO	C	-0.26%
PB	B	-0.24%
MRO	B	-0.23%
DELL	B	-0.21%
COOP	B	-0.2%
TPG	A	-0.19%
PRIM	A	-0.16%
HPE	B	-0.16%
PR	B	-0.14%
FFIN	B	-0.14%
AGL	F	-0.14%
NSP	F	-0.14%
XPEL	B	-0.14%
LII	A	-0.13%
BLDR	D	-0.13%
GRBK	D	-0.12%
CHRD	D	-0.12%
RRC	B	-0.12%
IBOC	B	-0.12%
OMCL	C	-0.11%
LUNR	B	-0.1%
MTDR	B	-0.1%
LGIH	F	-0.09%
GSHD	A	-0.09%
KNTK	A	-0.09%
AAOI	B	-0.09%
VCTR	B	-0.09%
POWL	C	-0.08%
DNOW	B	-0.08%
USLM	A	-0.08%
NTST	C	-0.08%
STC	B	-0.07%
RICK	B	-0.07%
EE	A	-0.07%
MUR	D	-0.07%
TFIN	B	-0.07%
NXRT	B	-0.07%
FYBR	C	-0.07%
MGY	A	-0.07%
ACA	A	-0.07%
CSV	B	-0.07%
IBTX	B	-0.07%
DAR	C	-0.06%
BMBL	C	-0.06%
OIS	B	-0.06%
SABR	C	-0.06%
PX	A	-0.06%
FFWM	C	-0.06%
MRC	B	-0.06%
SKWD	A	-0.06%
FLS	B	-0.06%
WTTR	A	-0.06%
GLDD	B	-0.06%
TH	C	-0.06%
CRGY	B	-0.06%
PRO	C	-0.06%
TTI	B	-0.06%
CRK	B	-0.06%
QTWO	A	-0.06%
EXP	B	-0.06%
SAVA	C	-0.06%
XPRO	D	-0.06%
MTCH	D	-0.06%
UEC	B	-0.06%
DXPE	C	-0.06%
YETI	D	-0.05%
INN	D	-0.05%
HTH	C	-0.05%
DINO	D	-0.05%
CECO	B	-0.05%
TALO	C	-0.05%
ATI	C	-0.05%
GDOT	D	-0.05%
NXST	C	-0.05%
BIGC	B	-0.05%
THR	B	-0.05%
HLX	B	-0.05%
GRNT	B	-0.05%
PUMP	C	-0.05%
SWI	C	-0.05%
ITGR	B	-0.05%
HESM	B	-0.05%
CHX	C	-0.05%
VTOL	B	-0.05%
EZPW	B	-0.05%
AZZ	A	-0.05%
WSR	A	-0.05%
SBSI	C	-0.05%
CNK	C	-0.05%
TASK	C	-0.05%
UPBD	B	-0.05%
ALG	B	-0.05%
CE	F	-0.05%
NX	C	-0.05%
WHD	B	-0.05%
OII	B	-0.05%
CMC	B	-0.05%
ALKT	B	-0.05%
VBTX	B	-0.05%
AROC	A	-0.05%
TRN	B	-0.05%
APLD	B	-0.05%
THRY	D	-0.04%
BRY	F	-0.04%
DIOD	D	-0.04%
CVI	F	-0.04%
TSHA	C	-0.04%
TDW	F	-0.04%
CSTL	D	-0.04%
VITL	D	-0.04%
HUN	F	-0.04%
WLK	D	-0.04%
SLAB	F	-0.04%
PARR	F	-0.04%
FOR	F	-0.04%
EGY	D	-0.04%
NR	B	-0.04%
NOV	C	-0.04%
AESI	B	-0.04%
LXRX	F	-0.03%
ETWO	F	-0.03%
SVRA	F	-0.03%
CRUS	D	-0.03%
AMN	F	-0.03%
APPS	F	-0.02%
NOVA	F	-0.01%