FXL vs. QQEW ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW)

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

$136.84

Average Daily Volume

21,959

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW 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 NASDAQ-100 Equal Weighted Index(SM). 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 NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.99

Average Daily Volume

69,361

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FXL	QQEW
30 Days	1.28%	1.10%
60 Days	0.54%	1.41%
90 Days	1.09%	0.75%
12 Months	23.85%	19.11%

32 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in QQEW	Overlap
AAPL	C	0.73%	1.09%	0.73%
ADBE	F	0.73%	1.12%	0.73%
ADI	C	0.32%	0.97%	0.32%
ADSK	C	0.34%	1.09%	0.34%
AMAT	D	1.07%	0.79%	0.79%
AMD	D	0.3%	0.95%	0.3%
AVGO	C	1.76%	1.01%	1.01%
CDNS	D	0.6%	0.86%	0.6%
CDW	D	0.32%	0.94%	0.32%
CRWD	D	1.15%	0.69%	0.69%
CTSH	C	1.93%	1.13%	1.13%
DASH	C	0.82%	1.16%	0.82%
DDOG	D	0.83%	0.95%	0.83%
GFS	F	0.77%	0.79%	0.77%
GOOGL	D	1.46%	0.44%	0.44%
INTC	F	0.86%	0.63%	0.63%
INTU	C	0.68%	1.04%	0.68%
KLAC	D	0.87%	0.91%	0.87%
LRCX	F	0.48%	0.72%	0.48%
MCHP	F	0.57%	0.84%	0.57%
META	B	1.79%	1.08%	1.08%
MRVL	C	0.35%	1.05%	0.35%
MSFT	C	0.94%	0.96%	0.94%
NVDA	D	1.66%	0.96%	0.96%
ON	D	1.74%	1.03%	1.03%
PANW	D	1.4%	1.09%	1.09%
QCOM	D	0.81%	0.79%	0.79%
ROP	C	0.32%	1.0%	0.32%
SMCI	F	0.74%	0.39%	0.39%
SNPS	F	1.13%	0.82%	0.82%
TXN	C	0.33%	1.02%	0.33%
ZS	F	0.6%	0.94%	0.6%

FXL Overweight 69 Positions Relative to QQEW

Symbol	Grade	Weight
PLTR	B	2.37%
APP	C	2.18%
GDDY	C	1.88%
CNXC	F	1.8%
ARW	C	1.75%
TOST	C	1.74%
VRT	C	1.72%
HCP	B	1.72%
GWRE	A	1.69%
AVT	C	1.67%
SAIC	C	1.58%
DXC	C	1.5%
AKAM	D	1.49%
DOX	C	1.48%
DELL	D	1.4%
HPE	D	1.37%
SNX	D	1.32%
JBL	D	1.31%
SWKS	D	1.3%
HPQ	D	1.3%
PSTG	F	1.29%
APH	D	1.29%
APPF	D	1.26%
NTAP	D	1.24%
DNB	C	1.19%
FFIV	B	1.17%
PAYC	D	1.15%
SSNC	B	1.15%
TYL	C	1.14%
PINS	F	1.14%
ORCL	C	1.12%
NOW	B	1.11%
ZM	C	1.1%
PEGA	C	1.08%
MPWR	C	1.07%
IPGP	F	1.06%
EPAM	F	1.06%
NTNX	C	1.05%
AMKR	F	1.02%
OLED	C	0.95%
KBR	D	0.94%
ESTC	F	0.89%
ONTO	D	0.86%
TER	D	0.85%
IBM	B	0.84%
SMAR	C	0.79%
MTCH	C	0.79%
IAC	C	0.75%
CACI	B	0.75%
MANH	B	0.74%
DBX	D	0.74%
CRUS	D	0.72%
PTC	D	0.65%
OKTA	F	0.54%
ALGM	F	0.51%
CFLT	F	0.45%
IT	B	0.37%
GLOB	D	0.36%
GLW	C	0.35%
S	C	0.34%
VRSN	D	0.33%
CRM	D	0.32%
MSTR	D	0.31%
NET	D	0.31%
DLB	F	0.29%
DV	F	0.29%
HUBS	D	0.27%
ENTG	F	0.26%
LSCC	D	0.25%

FXL Underweight 69 Positions Relative to QQEW

Symbol	Grade	Weight
MELI	B	-1.36%
MDB	D	-1.32%
FTNT	C	-1.29%
TSLA	C	-1.27%
SBUX	C	-1.26%
ILMN	C	-1.21%
XEL	B	-1.21%
AEP	C	-1.2%
GILD	B	-1.19%
PYPL	B	-1.18%
CTAS	B	-1.18%
CHTR	D	-1.18%
ISRG	B	-1.16%
TMUS	C	-1.16%
EXC	C	-1.16%
WDAY	D	-1.16%
ADP	B	-1.14%
MDLZ	B	-1.13%
GEHC	C	-1.12%
REGN	C	-1.12%
ODFL	D	-1.11%
TTD	B	-1.09%
AMGN	B	-1.09%
CCEP	B	-1.09%
KDP	B	-1.09%
COST	B	-1.09%
PEP	C	-1.08%
PAYX	C	-1.08%
WBD	D	-1.08%
KHC	C	-1.08%
FAST	C	-1.08%
CSGP	D	-1.07%
LIN	B	-1.07%
EA	D	-1.06%
CSCO	C	-1.06%
ORLY	C	-1.05%
VRTX	D	-1.04%
CMCSA	D	-1.04%
ROST	C	-1.04%
BKR	C	-1.03%
MNST	D	-1.03%
TEAM	D	-1.03%
AZN	D	-1.02%
NFLX	B	-1.02%
CSX	D	-1.02%
IDXX	C	-1.02%
VRSK	D	-1.01%
ANSS	D	-1.0%
AMZN	C	-1.0%
TTWO	C	-0.99%
BKNG	C	-0.98%
HON	D	-0.97%
MAR	C	-0.96%
CPRT	D	-0.93%
FANG	D	-0.91%
PCAR	D	-0.91%
BIIB	F	-0.9%
ARM	D	-0.88%
CEG	C	-0.88%
LULU	D	-0.85%
NXPI	F	-0.84%
ABNB	D	-0.8%
ASML	F	-0.78%
PDD	F	-0.69%
DLTR	F	-0.64%
MU	F	-0.63%
DXCM	F	-0.6%
MRNA	F	-0.53%
GOOG	D	-0.44%

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