QQEW vs. FDL ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to First Trust Morningstar ETF (FDL)

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

$123.10

Average Daily Volume

70,491

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FDL

First Trust Morningstar ETF

FDL 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 Morningstar(R) Dividend Leaders 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 objective of the index is to offer investors a benchmark for dividend portfolios as well as a means to invest in a portfolio of stocks that have a consistent record of growing dividends as well as the ability to sustain them. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.00

Average Daily Volume

467,508

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	FDL
30 Days	0.21%	4.22%
60 Days	-0.97%	4.74%
90 Days	-0.80%	12.27%
12 Months	15.81%	26.01%

6 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in FDL	Overlap
AEP	A	1.2%	1.43%	1.2%
EXC	A	1.16%	1.12%	1.12%
FANG	F	0.91%	0.85%	0.85%
GILD	B	1.19%	3.12%	1.19%
KHC	C	1.08%	1.04%	1.04%
XEL	B	1.21%	0.92%	0.92%

QQEW Overweight 95 Positions Relative to FDL

Symbol	Grade	Weight
MELI	B	1.36%
MDB	D	1.32%
FTNT	B	1.29%
TSLA	C	1.27%
SBUX	C	1.26%
ILMN	C	1.21%
PYPL	B	1.18%
CTAS	B	1.18%
CHTR	D	1.18%
ISRG	B	1.16%
DASH	C	1.16%
TMUS	A	1.16%
WDAY	D	1.16%
ADP	A	1.14%
CTSH	B	1.13%
MDLZ	B	1.13%
ADBE	D	1.12%
GEHC	C	1.12%
REGN	C	1.12%
ODFL	D	1.11%
TTD	B	1.09%
ADSK	B	1.09%
AMGN	B	1.09%
AAPL	D	1.09%
CCEP	B	1.09%
PANW	C	1.09%
KDP	B	1.09%
COST	B	1.09%
PEP	B	1.08%
META	B	1.08%
PAYX	B	1.08%
WBD	D	1.08%
FAST	C	1.08%
CSGP	D	1.07%
LIN	B	1.07%
EA	C	1.06%
CSCO	C	1.06%
MRVL	C	1.05%
ORLY	B	1.05%
VRTX	C	1.04%
CMCSA	D	1.04%
INTU	C	1.04%
ROST	C	1.04%
BKR	D	1.03%
ON	D	1.03%
MNST	C	1.03%
TEAM	D	1.03%
AZN	D	1.02%
NFLX	B	1.02%
CSX	D	1.02%
TXN	D	1.02%
IDXX	C	1.02%
AVGO	C	1.01%
VRSK	D	1.01%
ANSS	D	1.0%
ROP	B	1.0%
AMZN	C	1.0%
TTWO	D	0.99%
BKNG	B	0.98%
HON	D	0.97%
ADI	D	0.97%
NVDA	D	0.96%
MAR	D	0.96%
MSFT	C	0.96%
DDOG	D	0.95%
AMD	D	0.95%
CDW	D	0.94%
ZS	F	0.94%
CPRT	F	0.93%
PCAR	D	0.91%
KLAC	D	0.91%
BIIB	F	0.9%
ARM	D	0.88%
CEG	C	0.88%
CDNS	D	0.86%
LULU	D	0.85%
MCHP	D	0.84%
NXPI	F	0.84%
SNPS	D	0.82%
ABNB	D	0.8%
QCOM	D	0.79%
AMAT	D	0.79%
GFS	F	0.79%
ASML	D	0.78%
LRCX	F	0.72%
CRWD	D	0.69%
PDD	F	0.69%
DLTR	F	0.64%
INTC	F	0.63%
MU	F	0.63%
DXCM	F	0.6%
MRNA	F	0.53%
GOOGL	D	0.44%
GOOG	D	0.44%
SMCI	F	0.39%

QQEW Underweight 94 Positions Relative to FDL

Symbol	Grade	Weight
ABBV	B	-8.6%
VZ	A	-7.72%
CVX	D	-7.33%
PM	B	-6.58%
PFE	C	-6.47%
MO	C	-5.32%
IBM	A	-4.91%
UPS	D	-2.97%
DUK	B	-2.42%
USB	C	-2.36%
CVS	D	-2.18%
TFC	D	-2.17%
PNC	B	-1.95%
OKE	A	-1.74%
KMI	B	-1.61%
F	D	-1.41%
PRU	C	-1.29%
KMB	C	-1.2%
DOW	F	-1.19%
EIX	B	-0.94%
LYB	F	-0.85%
WEC	B	-0.83%
ES	B	-0.76%
FITB	B	-0.73%
ETR	A	-0.72%
RF	C	-0.71%
HBAN	B	-0.7%
FE	B	-0.67%
STT	B	-0.65%
TROW	D	-0.64%
KEY	B	-0.61%
CFG	C	-0.6%
BBY	B	-0.56%
AEE	A	-0.56%
K	A	-0.53%
CAG	B	-0.5%
CLX	B	-0.49%
EVRG	A	-0.44%
FNF	B	-0.39%
SWK	B	-0.38%
LNT	A	-0.38%
IPG	C	-0.34%
SJM	C	-0.33%
PNW	A	-0.31%
OMF	D	-0.31%
CNH	C	-0.28%
CMA	B	-0.28%
HAS	B	-0.28%
WHR	D	-0.27%
COLB	C	-0.25%
OGE	B	-0.25%
FHN	C	-0.23%
UGI	B	-0.23%
MTN	D	-0.23%
BEN	D	-0.21%
FMC	C	-0.21%
LNC	D	-0.2%
WU	F	-0.2%
FAF	A	-0.18%
ZION	D	-0.18%
SNV	C	-0.17%
UBSI	C	-0.16%
POR	A	-0.15%
JHG	B	-0.15%
NXST	D	-0.15%
VLY	C	-0.15%
FIBK	C	-0.14%
FLO	C	-0.13%
SR	A	-0.13%
BKH	A	-0.13%
NJR	A	-0.12%
OZK	D	-0.12%
NWE	A	-0.11%
ALE	B	-0.11%
WEN	C	-0.11%
APAM	C	-0.11%
AVA	B	-0.11%
PRGO	C	-0.1%
PNM	B	-0.1%
FHB	C	-0.1%
OGS	A	-0.1%
TNL	F	-0.09%
MSM	D	-0.09%
MAN	D	-0.09%
ASB	D	-0.09%
CC	F	-0.08%
CATY	C	-0.08%
SMG	C	-0.08%
LCII	C	-0.08%
CRI	C	-0.08%
AGR	B	-0.08%
FHI	B	-0.07%
SIRI	C	-0.05%
GEF	D	-0.01%