QQQN vs. FXL ETF Comparison

Comparison of VictoryShares Nasdaq Next 50 ETF (QQQN) to First Trust Technology AlphaDEX (FXL)

QQQN

VictoryShares Nasdaq Next 50 ETF

QQQN Description

The investment seeks to provide investment results that track the performance of the Nasdaq Q-50 Index before fees and expenses. The fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is composed of the 50 largest nonfinancial domestic and international companies listed on The Nasdaq Stock Market based on market capitalization after excluding the companies included in the Nasdaq-100 Index.

Grade (RS Rating)

Last Trade

$30.93

Average Daily Volume

6,061

Number of Holdings ^*

48

* may have additional holdings in another (foreign) market

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

$136.18

Average Daily Volume

21,343

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	QQQN	FXL
30 Days	3.58%	0.03%
60 Days	10.86%	7.87%
90 Days	6.51%	-1.03%
12 Months	26.83%	22.63%

14 Overlapping Holdings

	Symbol	Grade	Weight in QQQN	Weight in FXL	Overlap
	AKAM	D	1.48%	1.46%	1.46%
	APP	B	3.71%	2.47%	2.47%
	ENTG	D	1.72%	0.27%	0.27%
	MANH	C	1.7%	0.74%	0.74%
	MPWR	C	3.85%	1.05%	1.05%
	MSTR	C	2.83%	0.33%	0.33%
	NTAP	D	2.49%	1.24%	1.24%
	NTNX	D	1.47%	0.98%	0.98%
	PTC	D	2.12%	0.65%	0.65%
	SSNC	C	1.78%	1.15%	1.15%
	SWKS	F	1.56%	1.24%	1.24%
	TER	D	2.19%	0.85%	0.85%
	VRSN	C	1.77%	0.32%	0.32%
	ZM	B	1.76%	1.07%	1.07%

QQQN Overweight 34 Positions Relative to FXL

	Symbol	Grade	Weight
	ALNY	B	3.44%
	EBAY	A	3.05%
	TSCO	A	3.0%
	AXON	A	2.9%
	FSLR	C	2.67%
	WDC	C	2.36%
	ICLR	F	2.31%
	STX	B	2.27%
	CHKP	C	2.15%
	TCOM	B	2.05%
	DKNG	D	1.94%
	STLD	C	1.89%
	UAL	B	1.89%
	ULTA	D	1.87%
	ZBRA	C	1.87%
	HOLX	D	1.82%
	ALGN	D	1.82%
	EXPE	B	1.81%
	JBHT	D	1.71%
	ARGX	A	1.64%
	SNY	C	1.63%
	UTHR	B	1.55%
	LNT	A	1.5%
	ENPH	D	1.5%
	NTRA	B	1.49%
	NDSN	B	1.46%
	BSY	D	1.44%
	CPB	D	1.44%
	BMRN	F	1.3%
	BNTX	B	1.13%
	NWSA	D	0.97%
	FOXA	A	0.93%
	FOX	A	0.89%
	NWS	D	0.52%

QQQN Underweight 87 Positions Relative to FXL

	Symbol	Grade	Weight
	PLTR	C	-2.41%
	GDDY	D	-1.9%
	ARW	C	-1.84%
	META	A	-1.84%
	CTSH	C	-1.83%
	ON	F	-1.77%
	VRT	B	-1.76%
	AVGO	C	-1.73%
	TOST	B	-1.73%
	AVT	B	-1.69%
	GWRE	A	-1.68%
	CNXC	F	-1.68%
	HCP	B	-1.67%
	NVDA	C	-1.58%
	SAIC	B	-1.52%
	DOX	B	-1.47%
	GOOGL	C	-1.47%
	HPE	C	-1.47%
	DXC	D	-1.46%
	DELL	D	-1.41%
	SNX	C	-1.36%
	JBL	D	-1.35%
	HPQ	C	-1.32%
	PANW	D	-1.3%
	PSTG	F	-1.28%
	APH	D	-1.28%
	APPF	C	-1.26%
	FFIV	C	-1.2%
	CRWD	D	-1.2%
	DNB	D	-1.17%
	SNPS	F	-1.15%
	PINS	D	-1.15%
	PAYC	D	-1.14%
	ORCL	C	-1.12%
	NOW	C	-1.11%
	IPGP	D	-1.11%
	AMAT	D	-1.1%
	TYL	C	-1.09%
	PEGA	C	-1.06%
	AMKR	F	-1.05%
	EPAM	F	-1.0%
	OLED	C	-0.95%
	KBR	D	-0.94%
	MSFT	C	-0.93%
	INTC	D	-0.9%
	KLAC	D	-0.89%
	ESTC	F	-0.89%
	ONTO	C	-0.88%
	DASH	B	-0.84%
	DDOG	D	-0.84%
	QCOM	D	-0.83%
	IBM	C	-0.82%
	MTCH	C	-0.8%
	GFS	F	-0.77%
	IAC	C	-0.77%
	SMAR	A	-0.76%
	CACI	A	-0.75%
	AAPL	C	-0.72%
	DBX	C	-0.72%
	SMCI	F	-0.71%
	INTU	F	-0.66%
	CRUS	D	-0.65%
	ADBE	F	-0.63%
	CDNS	D	-0.6%
	ZS	F	-0.59%
	MCHP	F	-0.57%
	ALGM	F	-0.56%
	OKTA	F	-0.53%
	LRCX	F	-0.49%
	CFLT	F	-0.46%
	S	D	-0.38%
	IT	C	-0.36%
	GLW	C	-0.36%
	TXN	C	-0.34%
	MRVL	C	-0.34%
	GLOB	D	-0.34%
	ADSK	C	-0.34%
	CRM	C	-0.33%
	NET	D	-0.32%
	CDW	D	-0.32%
	ADI	C	-0.32%
	ROP	C	-0.31%
	LSCC	D	-0.3%
	AMD	D	-0.3%
	DLB	D	-0.29%
	DV	F	-0.28%
	HUBS	D	-0.28%

QQQN: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Broadcasting - TV Data Storage Semiconductor Equipment & Materials Specialty Retail Diagnostics & Research Diversified Industrials Leisure Semiconductors Software - Infrastructure Aerospace & Defense Airlines Drug Manufacturers - Major Gambling Integrated Shipping & Logistics Internet Content & Information Medical Devices Medical Instruments & Supplies Packaged Foods

Keywords: S&P 500 Computing Nasdaq 100 Medicine Semiconductor Biotechnology News Corp News Corporation Biopharmaceutical Broadband Cancer Clinical Medicine Cloud Computing Computer Data Storage Digital Media Electronics Hard Disk Drive IBD 50 Power Systems Radio Frequency Identification

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

Keywords: S&P 500 Computing Nasdaq 100 Integrated Circuits Semiconductor Cloud Computing Electronics Work From Home Cloud Infrastructure IBD 50 Software As A Service Operating System Electronic Engineering Mobile Devices Smartphones Software Fabless Semiconductor Companies Power Management Semiconductor Device Fabrication Software Development