FVD vs. SDP ETF Comparison

Comparison of First Trust VL Dividend (FVD) to ProShares UltraShort Utilities (SDP)

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$45.48

Average Daily Volume

503,047

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

SDP

ProShares UltraShort Utilities

SDP Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Dow Jones U.S. UtilitiesSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times the inverse (-2x) of the daily return of the index. The index measures the performance of the utilities sector of the U.S. equity market. Component companies include, among others, electric utilities, gas utilities, multi-utilities and water utilities. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$16.18

Average Daily Volume

35,896

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FVD	SDP
30 Days	-0.04%	6.48%
60 Days	1.69%	0.10%
90 Days	4.87%	-8.77%
12 Months	21.06%	-37.29%

34 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in SDP	Overlap
AEE	B	0.46%	1.92%	0.46%
AEP	D	0.44%	4.77%	0.44%
AGR	C	0.46%	0.28%	0.28%
ALE	A	0.46%	0.42%	0.42%
ATO	B	0.45%	1.34%	0.45%
AWK	D	0.44%	2.31%	0.44%
BKH	A	0.46%	0.49%	0.46%
CMS	D	0.44%	1.82%	0.44%
DTE	D	0.44%	2.52%	0.44%
DUK	D	0.44%	6.69%	0.44%
ED	D	0.43%	2.94%	0.43%
EIX	C	0.44%	2.7%	0.44%
ES	D	0.42%	2.81%	0.42%
ETR	B	0.5%	2.46%	0.5%
EVRG	A	0.46%	1.5%	0.46%
EXC	C	0.44%	4.51%	0.44%
IDA	A	0.49%	0.54%	0.49%
LNT	C	0.43%	1.35%	0.43%
NFG	D	0.46%	0.38%	0.38%
NI	A	0.46%	1.06%	0.46%
NJR	A	0.46%	0.41%	0.41%
NWE	C	0.45%	0.37%	0.37%
OGS	B	0.46%	0.49%	0.46%
PEG	C	0.43%	2.93%	0.43%
PNW	A	0.47%	1.03%	0.47%
POR	D	0.45%	0.51%	0.45%
PPL	A	0.46%	2.56%	0.46%
SO	D	0.43%	6.91%	0.43%
SR	C	0.45%	0.42%	0.42%
SRE	B	0.48%	4.34%	0.48%
SWX	B	0.46%	0.41%	0.41%
WEC	B	0.44%	2.98%	0.44%
WTRG	C	0.46%	1.07%	0.46%
XEL	A	0.48%	3.36%	0.48%

FVD Overweight 166 Positions Relative to SDP

Symbol	Grade	Weight
GRMN	A	0.58%
RHI	B	0.54%
LANC	C	0.54%
GATX	B	0.54%
PINC	B	0.54%
CBSH	A	0.53%
EMR	A	0.53%
GS	B	0.53%
IEX	B	0.52%
IOSP	B	0.52%
INGR	B	0.52%
OTTR	C	0.51%
TXN	B	0.51%
SCL	C	0.51%
BAH	C	0.51%
PKG	B	0.51%
WERN	B	0.51%
DTM	A	0.51%
MO	A	0.51%
SEIC	A	0.51%
JPM	A	0.51%
MS	A	0.51%
CMCSA	B	0.51%
NSC	B	0.51%
JJSF	C	0.5%
MSM	C	0.5%
ABBV	F	0.5%
UVV	B	0.5%
NEU	C	0.5%
SNA	A	0.5%
LECO	C	0.5%
WTW	A	0.5%
HLI	B	0.5%
CSX	B	0.5%
PM	B	0.49%
JCI	A	0.49%
SXT	B	0.49%
MSEX	C	0.49%
BMY	B	0.49%
KR	A	0.49%
AIZ	A	0.49%
GILD	B	0.49%
TROW	A	0.49%
ITW	B	0.49%
CMI	A	0.49%
CAT	B	0.49%
WDFC	B	0.49%
FAST	B	0.49%
POOL	D	0.48%
CPK	A	0.48%
CTSH	A	0.48%
LHX	B	0.48%
UNP	D	0.48%
TM	F	0.48%
GNTX	C	0.48%
BTI	C	0.48%
NDSN	B	0.48%
UNH	B	0.48%
NDAQ	B	0.48%
CVX	A	0.48%
G	B	0.48%
ADP	A	0.48%
WSO	B	0.48%
SLGN	B	0.48%
DGX	B	0.48%
PAYX	B	0.48%
NWN	B	0.47%
AWR	C	0.47%
EQIX	B	0.47%
CLX	A	0.47%
AMGN	F	0.47%
DLB	D	0.47%
MMS	F	0.47%
BRC	B	0.47%
UPS	C	0.47%
SIGI	B	0.47%
CSCO	A	0.47%
SNX	C	0.47%
DCI	A	0.47%
THG	A	0.47%
T	A	0.47%
BK	B	0.47%
WM	A	0.47%
MDT	D	0.46%
EXPD	C	0.46%
MMM	C	0.46%
JNPR	D	0.46%
CALM	B	0.46%
SBUX	B	0.46%
DE	D	0.46%
K	A	0.46%
TD	D	0.46%
BDX	F	0.46%
ABT	C	0.46%
FLO	F	0.46%
TJX	A	0.46%
CNI	F	0.46%
GD	C	0.46%
ADI	D	0.46%
YUM	B	0.46%
BR	A	0.46%
MMC	D	0.46%
RIO	F	0.46%
XOM	B	0.46%
DOX	C	0.46%
JNJ	D	0.45%
AOS	F	0.45%
CME	B	0.45%
TAK	D	0.45%
TGT	C	0.45%
PPG	F	0.45%
HON	B	0.45%
CHRW	A	0.45%
TRV	B	0.45%
CPB	F	0.45%
CAG	F	0.45%
ALL	B	0.45%
PSA	D	0.45%
TSCO	D	0.45%
HRL	F	0.45%
CWT	D	0.45%
SON	F	0.45%
MKC	D	0.45%
CNA	C	0.45%
BAX	F	0.45%
NOC	D	0.45%
LOW	B	0.44%
PFE	F	0.44%
ACN	B	0.44%
MRK	F	0.44%
AVY	F	0.44%
PG	C	0.44%
UL	D	0.44%
OTIS	D	0.44%
SJW	F	0.44%
SNY	F	0.44%
HD	B	0.44%
TSM	C	0.44%
HSY	F	0.44%
GIS	F	0.44%
STZ	D	0.44%
AFL	C	0.44%
INFY	C	0.44%
SJM	F	0.44%
RTX	D	0.44%
NKE	F	0.43%
APD	B	0.43%
MCD	C	0.43%
CB	C	0.43%
GSK	F	0.43%
PEP	D	0.43%
KHC	F	0.43%
VZ	D	0.43%
MDLZ	F	0.43%
REYN	D	0.42%
CL	F	0.42%
KMB	D	0.42%
HMC	F	0.42%
KO	F	0.42%
IBM	D	0.42%
NVS	F	0.42%
KDP	C	0.41%
LMT	D	0.41%
DEO	F	0.4%
AZN	F	0.38%
HII	F	0.36%

FVD Underweight 12 Positions Relative to SDP

Symbol	Grade	Weight
NEE	D	-12.13%
D	D	-6.77%
FE	D	-2.6%
AES	F	-1.33%
CNP	B	-1.33%
VST	B	-1.01%
NRG	C	-0.95%
UGI	D	-0.91%
MDU	D	-0.58%
HE	F	-0.51%
PNM	B	-0.4%
AVA	C	-0.32%