GRID vs. QHDG ETF Comparison

Comparison of First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID) to Innovator Hedged Nasdaq-100 ETF (QHDG)

GRID

First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund

GRID 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 OMX(R) Clean Edge(R) Smart Grid Infrastructure Index(SM). The fund normally invests at least 90% of assets in common stocks that comprise the index or in depositary receipts representing securities in the index. The index is designed to act as a transparent and liquid benchmark for the grid and electric energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$125.46

Average Daily Volume

118,376

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QHDG

Innovator Hedged Nasdaq-100 ETF

QHDG Description

The fund is an actively managed ETF that, under normal market circumstances, seeks to provide capital appreciation through exposure to the constituents in the Nasdaq-100® Index while providing a level of downside or "hedged" protection. It will invest at least 80% of its net assets in equity securities and option contracts that provide economic exposure to the Nasdaq-100.

Grade (RS Rating)

Last Trade

$26.22

Average Daily Volume

8,106

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	GRID	QHDG
30 Days	1.39%	2.70%
60 Days	-0.51%	4.21%
90 Days	3.22%	4.80%
12 Months	32.01%

8 Overlapping Holdings

Symbol	Grade	Weight in GRID	Weight in QHDG	Overlap
ADI	D	0.74%	0.66%	0.66%
CSCO	B	1.62%	1.49%	1.49%
HON	B	1.11%	0.95%	0.95%
NVDA	C	2.42%	8.66%	2.42%
NXPI	D	0.36%	0.36%	0.36%
QCOM	F	1.27%	1.15%	1.15%
TSLA	B	2.86%	3.86%	2.86%
TXN	C	1.31%	1.18%	1.18%

GRID Overweight 36 Positions Relative to QHDG

Symbol	Grade	Weight
ETN	A	9.28%
JCI	C	9.12%
ABBV	D	7.75%
PWR	A	4.63%
HUBB	B	4.04%
ORCL	B	2.21%
APTV	D	2.07%
NVT	B	1.81%
ENPH	F	1.37%
IBM	C	1.34%
ITRI	B	0.77%
GEV	B	0.61%
AEIS	B	0.56%
EMR	A	0.55%
ATKR	C	0.52%
MYRG	B	0.33%
FLNC	C	0.19%
AMSC	B	0.18%
TRMB	B	0.12%
SEDG	F	0.11%
WLDN	D	0.1%
GNRC	B	0.08%
AES	F	0.06%
MTZ	B	0.06%
PLPC	B	0.06%
WCC	B	0.06%
VMI	B	0.05%
LFUS	F	0.04%
ENS	D	0.03%
BDC	B	0.03%
ACA	A	0.03%
ESE	B	0.02%
DGII	B	0.01%
AZZ	B	0.01%
STM	F	0.01%
EBR	F	0.0%

GRID Underweight 93 Positions Relative to QHDG

Symbol	Grade	Weight
AAPL	C	-8.51%
MSFT	F	-7.67%
AMZN	C	-5.29%
AVGO	D	-4.91%
META	D	-4.78%
COST	B	-2.61%
GOOGL	C	-2.52%
GOOG	C	-2.41%
NFLX	A	-2.27%
TMUS	B	-1.77%
ADBE	C	-1.45%
AMD	F	-1.41%
PEP	F	-1.4%
LIN	D	-1.38%
INTU	C	-1.25%
ISRG	A	-1.21%
CMCSA	B	-1.06%
BKNG	A	-0.98%
AMGN	D	-0.97%
AMAT	F	-0.89%
PANW	C	-0.82%
VRTX	F	-0.78%
ADP	B	-0.78%
SBUX	A	-0.72%
GILD	C	-0.71%
MU	D	-0.68%
INTC	D	-0.67%
MELI	D	-0.6%
LRCX	F	-0.58%
PYPL	B	-0.57%
CTAS	B	-0.56%
KLAC	D	-0.55%
REGN	F	-0.55%
MDLZ	F	-0.55%
MAR	B	-0.51%
CRWD	B	-0.51%
SNPS	B	-0.5%
CDNS	B	-0.5%
MRVL	B	-0.49%
PDD	F	-0.49%
FTNT	C	-0.46%
CEG	D	-0.45%
CSX	B	-0.44%
DASH	A	-0.42%
ORLY	B	-0.41%
ADSK	A	-0.41%
ASML	F	-0.4%
PCAR	B	-0.38%
ABNB	C	-0.37%
WDAY	B	-0.36%
CHTR	C	-0.36%
ROP	B	-0.36%
CPRT	A	-0.35%
TTD	B	-0.34%
MNST	C	-0.33%
AEP	D	-0.33%
PAYX	C	-0.33%
FANG	D	-0.33%
ODFL	B	-0.3%
FAST	B	-0.3%
ROST	C	-0.3%
KDP	D	-0.28%
EA	A	-0.27%
BKR	B	-0.27%
VRSK	A	-0.26%
XEL	A	-0.25%
CTSH	B	-0.25%
DDOG	A	-0.25%
EXC	C	-0.25%
TEAM	A	-0.25%
GEHC	F	-0.24%
KHC	F	-0.24%
LULU	C	-0.24%
AZN	D	-0.23%
CCEP	C	-0.22%
IDXX	F	-0.21%
MCHP	D	-0.21%
DXCM	D	-0.2%
TTWO	A	-0.2%
CSGP	D	-0.19%
ZS	C	-0.19%
ANSS	B	-0.19%
ON	D	-0.18%
CDW	F	-0.16%
GFS	C	-0.15%
BIIB	F	-0.15%
ILMN	D	-0.14%
WBD	C	-0.14%
MDB	C	-0.13%
ARM	D	-0.1%
DLTR	F	-0.09%
MRNA	F	-0.09%
SMCI	F	-0.07%

GRID: Top Represented Industries & Keywords

Industries: Electronic Components Semiconductors Diversified Industrials Engineering & Construction Scientific & Technical Instruments Communication Equipment Utilities - Renewable Auto Manufacturers Auto Parts Drug Manufacturers - Major Electronics Distribution Industrial Distribution Information Technology Services Infrastructure Operations Metal Fabrication Semiconductor Equipment & Materials Software - Infrastructure Solar Specialty Industrial Machinery Utilities - Diversified