FXL vs. INNO ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Harbor Disruptive Innovation ETF (INNO)

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$139.51

Average Daily Volume

20,662

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$16.01

Average Daily Volume

9,924

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	INNO
30 Days	6.94%	7.19%
60 Days	13.38%	14.00%
90 Days	1.06%	0.63%
12 Months	27.79%	32.52%

22 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in INNO	Overlap
AMAT	C	1.12%	0.73%	0.73%
AMD	C	0.32%	1.72%	0.32%
CDNS	D	0.58%	3.0%	0.58%
CRM	B	0.33%	0.6%	0.33%
CRWD	D	1.2%	0.38%	0.38%
DASH	A	0.86%	2.47%	0.86%
DDOG	B	0.83%	1.09%	0.83%
GOOGL	B	1.49%	1.93%	1.49%
HUBS	D	0.28%	0.89%	0.28%
LRCX	D	0.5%	4.13%	0.5%
LSCC	D	0.29%	0.72%	0.29%
META	A	1.86%	2.07%	1.86%
MSFT	D	0.9%	2.07%	0.9%
NET	D	0.3%	1.12%	0.3%
NOW	B	1.06%	3.93%	1.06%
NVDA	B	1.61%	3.81%	1.61%
OKTA	F	0.52%	0.54%	0.52%
PANW	B	1.32%	0.72%	0.72%
S	C	0.35%	0.78%	0.35%
TOST	B	1.8%	1.44%	1.44%
TXN	C	0.33%	2.46%	0.33%
ZS	F	0.58%	0.69%	0.58%

FXL Overweight 79 Positions Relative to INNO

Symbol	Grade	Weight
APP	A	2.57%
PLTR	A	2.4%
VRT	B	1.88%
CTSH	B	1.86%
GDDY	B	1.84%
ARW	C	1.8%
AVGO	B	1.76%
GWRE	A	1.74%
AVT	B	1.73%
ON	F	1.73%
HCP	A	1.64%
HPE	B	1.58%
SAIC	A	1.55%
AKAM	D	1.47%
DOX	B	1.45%
JBL	C	1.44%
DXC	C	1.42%
DELL	C	1.41%
SNX	C	1.36%
HPQ	B	1.34%
CNXC	F	1.32%
PSTG	F	1.28%
APH	D	1.27%
APPF	C	1.26%
NTAP	D	1.25%
SWKS	F	1.21%
FFIV	B	1.2%
PINS	D	1.2%
DNB	D	1.16%
IPGP	D	1.15%
ORCL	A	1.13%
PEGA	B	1.13%
SSNC	C	1.11%
SNPS	F	1.11%
ZM	B	1.1%
TYL	D	1.09%
PAYC	D	1.09%
MPWR	B	1.05%
AMKR	F	1.0%
EPAM	F	0.99%
INTC	D	0.99%
NTNX	C	0.97%
KBR	A	0.95%
OLED	B	0.93%
KLAC	B	0.88%
ESTC	F	0.88%
ONTO	B	0.88%
IBM	A	0.84%
TER	C	0.84%
SMAR	A	0.82%
MTCH	B	0.81%
QCOM	D	0.8%
CACI	A	0.77%
MANH	A	0.75%
IAC	C	0.75%
DBX	C	0.74%
GFS	F	0.74%
AAPL	C	0.72%
SMCI	F	0.66%
PTC	B	0.65%
CRUS	D	0.64%
INTU	F	0.62%
ADBE	F	0.61%
MCHP	F	0.57%
ALGM	F	0.54%
CFLT	F	0.45%
MSTR	B	0.38%
GLW	C	0.36%
GLOB	D	0.35%
ADSK	B	0.35%
IT	A	0.35%
VRSN	C	0.33%
MRVL	C	0.32%
ROP	D	0.31%
ADI	B	0.31%
CDW	D	0.31%
DLB	D	0.3%
DV	F	0.27%
ENTG	D	0.26%

FXL Underweight 45 Positions Relative to INNO

Symbol	Grade	Weight
MELI	D	-3.36%
GOOG	B	-3.31%
PGR	B	-3.1%
DHR	D	-2.99%
LIN	C	-2.87%
SHOP	B	-2.87%
AMZN	C	-2.85%
URI	C	-2.81%
IOT	C	-2.21%
ASND	C	-1.99%
CMG	C	-1.56%
TEAM	D	-1.55%
CGNX	F	-1.27%
PCOR	D	-1.09%
NFLX	A	-1.02%
SAP	C	-0.89%
MNDY	B	-0.86%
MEDP	F	-0.85%
GTLS	D	-0.84%
SE	B	-0.81%
MTSI	B	-0.72%
ICLR	F	-0.71%
MRNA	F	-0.67%
BSY	D	-0.65%
LLY	D	-0.65%
DT	B	-0.64%
ROKU	C	-0.63%
NU	D	-0.61%
MDB	D	-0.61%
TSM	B	-0.58%
GEV	A	-0.57%
PODD	C	-0.56%
SQ	D	-0.54%
DKNG	C	-0.52%
LEGN	F	-0.51%
HUBB	A	-0.45%
RCKT	F	-0.43%
TSLA	C	-0.4%
SNOW	F	-0.4%
GLBE	C	-0.37%
SAIA	D	-0.37%
TDG	A	-0.36%
PCVX	C	-0.32%
DXCM	F	-0.31%
BCYC	D	-0.17%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Semiconductor Equipment & Materials Internet Content & Information Computer Systems Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Hardware Conglomerates Consumer Electronics Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction