FXR vs. PAPI ETF Comparison

Comparison of First Trust Industrials AlphaDEX (FXR) to Parametric Equity Premium Income ETF (PAPI)

FXR

First Trust Industrials AlphaDEX

FXR 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) Industrials 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 industrials and producer durables sectors 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

$82.10

Average Daily Volume

36,957

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.06

Average Daily Volume

32,973

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	FXR	PAPI
30 Days	6.49%	2.11%
60 Days	8.60%	3.48%
90 Days	11.06%	4.02%
12 Months	39.01%	18.27%

22 Overlapping Holdings

Symbol	Grade	Weight in FXR	Weight in PAPI	Overlap
ADP	A	0.25%	0.54%	0.25%
AMCR	C	0.41%	0.47%	0.41%
AOS	F	0.37%	0.48%	0.37%
ATR	B	0.49%	0.52%	0.49%
CMI	A	0.51%	0.57%	0.51%
DCI	B	0.73%	0.55%	0.55%
DOW	F	0.37%	0.44%	0.37%
EMR	B	0.27%	0.61%	0.27%
EXPD	C	0.21%	0.52%	0.21%
GD	D	0.44%	0.5%	0.44%
GGG	B	0.23%	0.55%	0.23%
HII	F	0.67%	0.39%	0.39%
JKHY	D	0.22%	0.49%	0.22%
LHX	C	0.24%	0.53%	0.24%
MSM	C	0.9%	0.53%	0.53%
PKG	A	0.77%	0.56%	0.56%
PPG	F	0.42%	0.49%	0.42%
RHI	C	0.5%	0.57%	0.5%
SNA	A	1.44%	0.63%	0.63%
SON	F	1.08%	0.49%	0.49%
UPS	C	0.44%	0.52%	0.44%
WU	F	0.62%	0.48%	0.48%

FXR Overweight 115 Positions Relative to PAPI

Symbol	Grade	Weight
AXON	A	1.77%
SYF	B	1.52%
WCC	B	1.45%
AAON	B	1.44%
FICO	B	1.4%
MDU	D	1.38%
PCAR	B	1.36%
G	B	1.35%
EME	A	1.35%
GPN	B	1.33%
FIX	A	1.32%
HWM	A	1.32%
OSK	C	1.3%
FOUR	A	1.3%
OC	A	1.29%
AL	B	1.27%
PWR	A	1.27%
HEI	A	1.24%
AXP	A	1.24%
URI	C	1.23%
TT	A	1.23%
LPX	B	1.22%
CNH	C	1.12%
ALSN	B	1.1%
LMT	D	1.08%
GTES	A	1.07%
GNRC	C	1.06%
FI	A	1.06%
VNT	C	1.04%
R	B	1.03%
TTEK	F	1.02%
MLM	C	0.99%
SNDR	B	0.97%
EXP	B	0.96%
FDX	B	0.96%
CTAS	B	0.95%
ADTN	A	0.93%
CSL	C	0.9%
CXT	C	0.89%
TXT	D	0.88%
BERY	C	0.88%
GPK	C	0.87%
BC	C	0.87%
MMM	D	0.87%
VSTS	C	0.86%
TRU	D	0.86%
BAH	F	0.86%
COF	C	0.86%
TDG	D	0.85%
AGCO	D	0.85%
GE	D	0.85%
AYI	B	0.84%
BLDR	D	0.84%
BWXT	B	0.83%
AWI	A	0.82%
TDY	B	0.76%
ZBRA	B	0.75%
JBHT	C	0.75%
NVT	B	0.74%
DOV	A	0.74%
KEX	B	0.74%
KNX	C	0.73%
LII	A	0.72%
SLGN	A	0.72%
EEFT	B	0.72%
CSX	C	0.72%
SHW	B	0.71%
CAT	B	0.69%
MIDD	C	0.68%
SSD	F	0.67%
DE	B	0.66%
VLTO	C	0.65%
SPR	D	0.65%
EFX	F	0.63%
BLD	D	0.63%
SAIA	B	0.56%
SQ	A	0.56%
ESAB	C	0.54%
GXO	B	0.52%
GWW	B	0.51%
PYPL	B	0.5%
LECO	C	0.49%
PNR	A	0.49%
IEX	C	0.48%
J	D	0.48%
AZEK	A	0.45%
SEE	C	0.44%
CNM	D	0.43%
TTC	C	0.43%
FTV	C	0.43%
CARR	C	0.42%
FCN	F	0.39%
ATI	C	0.38%
WMS	F	0.37%
FLS	B	0.26%
CW	C	0.25%
PH	A	0.25%
HON	C	0.25%
AXTA	B	0.25%
RPM	A	0.25%
AME	A	0.25%
VMC	B	0.25%
WAB	B	0.24%
WWD	C	0.23%
ITT	A	0.23%
UNP	C	0.22%
KEYS	A	0.22%
ALLE	C	0.22%
MSA	F	0.22%
NDSN	B	0.22%
LSTR	D	0.22%
BALL	F	0.21%
LFUS	D	0.21%
MAS	D	0.21%
FBIN	D	0.19%

FXR Underweight 167 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.65%
IP	A	-0.63%
DTM	A	-0.62%
BKR	A	-0.62%
OKE	A	-0.61%
UNM	A	-0.61%
IDCC	B	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
PB	B	-0.59%
MO	A	-0.59%
IDA	A	-0.59%
KMI	A	-0.58%
CINF	A	-0.58%
JHG	B	-0.58%
WMB	A	-0.58%
JCI	B	-0.58%
WHR	B	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	A	-0.57%
DGX	A	-0.57%
SYK	B	-0.57%
LH	B	-0.57%
TXRH	B	-0.57%
FOXA	A	-0.57%
XEL	A	-0.57%
CVX	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
EOG	A	-0.56%
RS	B	-0.56%
PM	B	-0.56%
TROW	B	-0.56%
COP	C	-0.56%
VLO	C	-0.55%
PPL	A	-0.55%
INGR	C	-0.55%
UNH	B	-0.55%
EVRG	A	-0.55%
OGE	A	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
MOS	F	-0.54%
PAG	B	-0.54%
CMCSA	B	-0.54%
COR	B	-0.54%
OGS	A	-0.54%
ORI	A	-0.54%
WMT	A	-0.54%
CSCO	B	-0.54%
COST	A	-0.54%
CHD	A	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
MSFT	D	-0.53%
CTSH	B	-0.53%
AM	A	-0.53%
GILD	C	-0.53%
TXN	C	-0.53%
PRU	A	-0.53%
PAYX	B	-0.53%
ATO	A	-0.53%
COLM	C	-0.53%
HPE	B	-0.53%
GLW	B	-0.53%
HP	C	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
NFG	A	-0.52%
PG	C	-0.52%
PEG	A	-0.52%
HPQ	B	-0.52%
XOM	B	-0.52%
PSX	C	-0.52%
CHRD	D	-0.52%
WEC	A	-0.52%
CME	B	-0.52%
POR	C	-0.51%
AVT	C	-0.51%
DD	C	-0.51%
CALM	A	-0.51%
DLB	B	-0.51%
DINO	D	-0.51%
HIG	B	-0.51%
FNF	B	-0.51%
APD	A	-0.51%
LKQ	F	-0.51%
OXM	F	-0.51%
MDT	D	-0.51%
CTVA	C	-0.5%
BDX	F	-0.5%
JNJ	C	-0.5%
DUK	C	-0.5%
RTX	D	-0.5%
POWI	F	-0.5%
NYT	D	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
ACN	B	-0.5%
VZ	C	-0.5%
CCOI	B	-0.5%
SNX	D	-0.5%
PFG	D	-0.5%
AEP	C	-0.5%
RGLD	C	-0.5%
BG	D	-0.5%
D	C	-0.5%
MTG	C	-0.5%
SO	C	-0.5%
AFL	B	-0.5%
DOX	D	-0.49%
OMC	C	-0.49%
CHE	D	-0.49%
KMB	C	-0.49%
BBY	D	-0.49%
FLO	D	-0.49%
LIN	C	-0.49%
EMN	C	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	F	-0.48%
LYB	F	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	C	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	F	-0.48%
SHOO	F	-0.47%
LEN	D	-0.47%
CI	D	-0.47%
ADM	D	-0.47%
KDP	F	-0.46%
ABBV	F	-0.46%
ASH	F	-0.46%
FMC	D	-0.46%
HAS	D	-0.46%
KHC	F	-0.46%
MRK	D	-0.46%
IBM	C	-0.46%
IPG	D	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
KO	D	-0.45%
DHR	F	-0.45%
ESNT	F	-0.45%
HUN	F	-0.44%
MAN	F	-0.44%
PFE	F	-0.44%
INSW	F	-0.44%
PII	F	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	F	-0.41%
NEM	D	-0.38%
SCCO	F	-0.0%