FXL vs. REW ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to ProShares UltraShort Technology (REW)

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

$136.46

Average Daily Volume

21,959

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

REW

ProShares UltraShort Technology

REW 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. TechnologySM 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 technology sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$11.61

Average Daily Volume

41,447

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	REW
30 Days	1.28%	-0.29%
60 Days	0.54%	-5.59%
90 Days	1.09%	0.54%
12 Months	23.85%	-45.82%

56 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in REW	Overlap
AAPL	C	0.73%	18.06%	0.73%
ADBE	F	0.73%	2.51%	0.73%
ADI	C	0.32%	0.65%	0.32%
ADSK	C	0.34%	0.63%	0.34%
AKAM	D	1.49%	0.23%	0.23%
AMAT	D	1.07%	0.86%	0.86%
AMD	D	0.3%	0.84%	0.3%
AVGO	C	1.76%	1.82%	1.76%
CACI	B	0.75%	0.1%	0.1%
CDNS	D	0.6%	0.31%	0.31%
CDW	D	0.32%	0.29%	0.29%
CRM	D	0.32%	2.4%	0.32%
CTSH	C	1.93%	0.51%	0.51%
DELL	D	1.4%	0.12%	0.12%
DOX	C	1.48%	0.15%	0.15%
DXC	C	1.5%	0.14%	0.14%
ENTG	F	0.26%	0.11%	0.11%
EPAM	F	1.06%	0.19%	0.19%
FFIV	B	1.17%	0.12%	0.12%
GDDY	C	1.88%	0.19%	0.19%
GOOGL	D	1.46%	5.25%	1.46%
GWRE	A	1.69%	0.14%	0.14%
HPE	D	1.37%	0.29%	0.29%
HPQ	D	1.3%	0.48%	0.48%
HUBS	D	0.27%	0.11%	0.11%
IAC	C	0.75%	0.3%	0.3%
IBM	B	0.84%	1.82%	0.84%
INTC	F	0.86%	3.85%	0.86%
INTU	C	0.68%	1.09%	0.68%
IT	B	0.37%	0.21%	0.21%
KLAC	D	0.87%	0.42%	0.42%
LRCX	F	0.48%	0.66%	0.48%
MCHP	F	0.57%	0.39%	0.39%
META	B	1.79%	4.46%	1.79%
MPWR	C	1.07%	0.11%	0.11%
MRVL	C	0.35%	0.28%	0.28%
MSFT	C	0.94%	17.29%	0.94%
NOW	B	1.11%	0.87%	0.87%
NTAP	D	1.24%	0.21%	0.21%
NVDA	D	1.66%	2.26%	1.66%
OKTA	F	0.54%	0.21%	0.21%
OLED	C	0.95%	0.13%	0.13%
ON	D	1.74%	0.15%	0.15%
ORCL	C	1.12%	1.77%	1.12%
PANW	D	1.4%	0.35%	0.35%
PAYC	D	1.15%	0.22%	0.22%
PTC	D	0.65%	0.12%	0.12%
QCOM	D	0.81%	1.63%	0.81%
SNPS	D	1.13%	0.34%	0.34%
SNX	D	1.32%	0.09%	0.09%
SSNC	B	1.15%	0.21%	0.21%
SWKS	D	1.3%	0.31%	0.31%
TER	D	0.85%	0.17%	0.17%
TXN	C	0.33%	1.83%	0.33%
TYL	C	1.14%	0.18%	0.18%
VRSN	D	0.33%	0.33%	0.33%

FXL Overweight 45 Positions Relative to REW

Symbol	Grade	Weight
PLTR	B	2.37%
APP	C	2.18%
CNXC	F	1.8%
ARW	C	1.75%
TOST	C	1.74%
VRT	C	1.72%
HCP	B	1.72%
AVT	C	1.67%
SAIC	C	1.58%
JBL	D	1.31%
PSTG	F	1.29%
APH	D	1.29%
APPF	D	1.26%
DNB	C	1.19%
CRWD	D	1.15%
PINS	F	1.14%
ZM	C	1.1%
PEGA	C	1.08%
IPGP	F	1.06%
NTNX	C	1.05%
AMKR	F	1.02%
KBR	D	0.94%
ESTC	F	0.89%
ONTO	D	0.86%
DDOG	D	0.83%
DASH	C	0.82%
SMAR	C	0.79%
MTCH	C	0.79%
GFS	F	0.77%
MANH	B	0.74%
SMCI	F	0.74%
DBX	D	0.74%
CRUS	D	0.72%
ZS	F	0.6%
ALGM	F	0.51%
CFLT	F	0.45%
GLOB	D	0.36%
GLW	C	0.35%
S	C	0.34%
ROP	C	0.32%
MSTR	D	0.31%
NET	D	0.31%
DLB	D	0.29%
DV	F	0.29%
LSCC	D	0.25%

FXL Underweight 32 Positions Relative to REW

Symbol	Grade	Weight
GOOG	D	-5.24%
CSCO	C	-3.09%
MU	F	-0.95%
MSI	B	-0.45%
WDAY	D	-0.44%
EBAY	B	-0.41%
ANSS	D	-0.34%
WDC	D	-0.3%
VEEV	C	-0.29%
FTNT	C	-0.25%
TWLO	D	-0.22%
SNAP	F	-0.22%
STX	C	-0.21%
GRMN	D	-0.21%
RNG	F	-0.21%
QRVO	F	-0.2%
LDOS	B	-0.2%
LUMN	C	-0.2%
ANET	B	-0.18%
BAH	C	-0.17%
TTD	B	-0.17%
FICO	B	-0.17%
AZPN	B	-0.14%
DOCU	C	-0.13%
JNPR	B	-0.12%
DAY	D	-0.11%
CIEN	C	-0.1%
XRX	D	-0.1%
LITE	B	-0.09%
Z	B	-0.09%
ETSY	F	-0.09%
MKSI	F	-0.09%

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