FXL vs. WFH ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Direxion Work From Home ETF (WFH)

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

$151.43

Average Daily Volume

17,215

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

WFH

Direxion Work From Home ETF

WFH Description

The Direxion Work From Home ETF offers exposure to companies across four technology pillars, allowing investors to gain exposure to those companies that stand to benefit from an increasingly flexible work environment. The four pillars include Cloud Technologies, Cybersecurity, Online Project and Document Management, and Remote Communications. Companies are selected for inclusion in the index by ARTIS, a proprietary natural language processing algorithm, which uses key words to evaluate large volumes of publicly available information, such as annual reports, business descriptions and financial news.

Grade (RS Rating)

Last Trade

$64.15

Average Daily Volume

995

Number of Holdings ^*

40

* may have additional holdings in another (foreign) market

Performance

Period	FXL	WFH
30 Days	7.01%	6.72%
60 Days	10.63%	11.10%
90 Days	10.92%	12.72%
12 Months	29.05%	29.02%

22 Overlapping Holdings

	Symbol	Grade	Weight in FXL	Weight in WFH	Overlap
	AVGO	D	1.17%	2.38%	1.17%
	CRM	B	0.72%	2.89%	0.72%
	CRWD	B	0.36%	2.86%	0.36%
	DDOG	A	0.34%	2.61%	0.34%
	DOCU	B	1.53%	3.02%	1.53%
	FTNT	C	1.44%	2.65%	1.44%
	GOOGL	C	0.63%	2.42%	0.63%
	IBM	C	0.56%	2.21%	0.56%
	META	D	1.57%	2.43%	1.57%
	MSFT	D	0.29%	2.25%	0.29%
	NET	B	0.34%	2.54%	0.34%
	NOW	A	1.38%	2.68%	1.38%
	NTAP	C	0.89%	2.14%	0.89%
	ORCL	A	1.3%	2.86%	1.3%
	PANW	B	1.08%	2.46%	1.08%
	PEGA	B	1.88%	2.81%	1.88%
	RNG	C	1.08%	2.72%	1.08%
	S	B	1.07%	2.55%	1.07%
	SMAR	A	1.57%	2.54%	1.57%
	SNX	D	1.14%	2.16%	1.14%
	WDAY	B	0.33%	2.26%	0.33%
	ZM	C	1.4%	2.61%	1.4%

FXL Overweight 80 Positions Relative to WFH

	Symbol	Grade	Weight
	APP	B	3.39%
	PLTR	B	2.47%
	TOST	B	2.22%
	VRT	B	1.89%
	DASH	B	1.89%
	GWRE	A	1.66%
	GFS	C	1.65%
	CTSH	B	1.63%
	HPE	B	1.62%
	DXC	B	1.62%
	PAYC	B	1.6%
	IPGP	D	1.57%
	AVT	C	1.52%
	ON	D	1.44%
	NVDA	B	1.43%
	GDDY	A	1.4%
	TWLO	A	1.39%
	ARW	D	1.35%
	AMKR	D	1.32%
	SWKS	F	1.32%
	JBL	C	1.28%
	DNB	B	1.27%
	INTC	C	1.26%
	TYL	B	1.25%
	HPQ	B	1.21%
	CNXC	F	1.21%
	DT	D	1.19%
	MANH	D	1.18%
	DOX	D	1.16%
	EPAM	B	1.15%
	MSTR	B	1.15%
	NTNX	B	1.12%
	DELL	B	1.06%
	AKAM	D	1.04%
	FFIV	B	1.03%
	DBX	B	1.01%
	IT	C	0.99%
	CRUS	D	0.97%
	SSNC	B	0.93%
	HCP	B	0.93%
	CACI	D	0.91%
	AAPL	C	0.91%
	QCOM	F	0.9%
	DLB	B	0.89%
	AMAT	F	0.86%
	SAIC	F	0.84%
	MTCH	D	0.77%
	MPWR	F	0.74%
	DAY	B	0.74%
	DV	C	0.71%
	GLOB	B	0.68%
	ADSK	A	0.66%
	APH	A	0.66%
	ROP	B	0.6%
	TXN	C	0.59%
	LSCC	D	0.57%
	VRSN	C	0.57%
	KBR	F	0.55%
	IAC	F	0.52%
	U	C	0.49%
	MCHP	F	0.48%
	OLED	F	0.47%
	ONTO	F	0.47%
	TER	F	0.47%
	PYCR	B	0.36%
	KD	B	0.36%
	GTLB	B	0.35%
	ANSS	B	0.32%
	GEN	B	0.32%
	GLW	B	0.31%
	INFA	D	0.3%
	APPF	B	0.29%
	PSTG	D	0.29%
	MU	D	0.28%
	ADI	D	0.27%
	SMCI	F	0.26%
	KLAC	F	0.25%
	AMD	F	0.25%
	ALGM	D	0.25%
	CDW	F	0.24%

FXL Underweight 18 Positions Relative to WFH

	Symbol	Grade	Weight
	TEAM	A	-3.32%
	HUBS	A	-3.04%
	ZS	B	-2.86%
	ATUS	B	-2.76%
	MRVL	B	-2.76%
	AMZN	C	-2.63%
	CSCO	B	-2.51%
	MOMO	D	-2.34%
	CYBR	A	-2.34%
	NTCT	C	-2.32%
	DOCN	C	-2.3%
	YY	B	-2.29%
	BOX	B	-2.25%
	OKTA	C	-2.2%
	VZ	C	-2.12%
	VRNS	D	-2.04%
	ADBE	C	-1.98%
	XRX	F	-1.66%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials 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

Keywords: S&P 500 Computing Nasdaq 100 Cloud Computing Semiconductor Integrated Circuits Work From Home Cloud Infrastructure Electronics Software Software As A Service Mobile Devices Operating System Smartphones Software Development Artificial Intelligence Business Intelligence Electronic Engineering Fabless Semiconductor Companies Information And Communications Technology

WFH: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Internet Content & Information Telecom Services Information Technology Services Semiconductors Business Services Communication Equipment Data Storage Specialty Retail

Keywords: Computing Nasdaq 100 S&P 500 Work From Home Cloud Computing Software As A Service Telecommunications Software Cloud Infrastructure Computer Security Cybersecurity Dow Jones Component Information Technology Management Mobile Devices Systems Integrator Operating System Software Development Business Process Management CRM Cloud Applications