RNDV vs. PHEQ ETF Comparison

Comparison of First Trust US Equity Dividend Select ETF (RNDV) to Parametric Hedged Equity ETF (PHEQ)

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") 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 Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

7,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PHEQ

Parametric Hedged Equity ETF

PHEQ Description

The fund seeks to provide capital appreciation by investing its net assets in equity securities of certain U.S. large capitalization companies that are constituents of the Solactive GBS US 500 at the time of purchase.

Grade (RS Rating)

Last Trade

$29.49

Average Daily Volume

19,326

Number of Holdings ^*

203

* may have additional holdings in another (foreign) market

Performance

Period	RNDV	PHEQ
30 Days	0.09%	1.99%
60 Days	2.01%	3.02%
90 Days	4.31%	3.86%
12 Months	25.40%	16.61%

30 Overlapping Holdings

Symbol	Grade	Weight in RNDV	Weight in PHEQ	Overlap
ABBV	D	1.02%	0.85%	0.85%
ABT	B	0.72%	0.6%	0.6%
AMCR	D	0.58%	0.21%	0.21%
AVB	B	0.32%	0.35%	0.32%
BMY	B	1.85%	0.48%	0.48%
CAG	D	0.8%	0.17%	0.17%
CVX	A	0.85%	0.84%	0.84%
ESS	B	0.36%	0.19%	0.19%
ETR	B	0.41%	0.4%	0.4%
GLW	B	3.05%	0.25%	0.25%
HD	A	1.02%	1.15%	1.02%
IBM	C	3.57%	0.56%	0.56%
JNJ	D	1.08%	1.04%	1.04%
K	A	0.58%	0.34%	0.34%
KLAC	D	0.86%	0.34%	0.34%
KMB	D	0.7%	0.33%	0.33%
LMT	D	0.5%	0.58%	0.5%
LOW	D	0.77%	0.57%	0.57%
MAA	B	0.4%	0.27%	0.27%
MDT	D	1.11%	0.51%	0.51%
MRK	F	0.92%	0.69%	0.69%
MSFT	F	0.94%	6.55%	0.94%
PFG	D	1.05%	0.2%	0.2%
PRU	A	1.43%	0.37%	0.37%
QCOM	F	2.43%	0.33%	0.33%
TRV	B	0.6%	0.39%	0.39%
TXN	C	3.28%	0.59%	0.59%
UNH	C	0.56%	1.37%	0.56%
UNP	C	0.54%	0.52%	0.52%
XOM	B	0.58%	1.4%	0.58%

RNDV Overweight 65 Positions Relative to PHEQ

Symbol	Grade	Weight
HPQ	B	3.91%
HPE	B	3.47%
VZ	C	3.4%
MCHP	D	2.41%
BEN	C	2.16%
IPG	D	2.14%
ACN	C	2.01%
ADI	D	1.81%
CMCSA	B	1.71%
HAS	D	1.63%
CVS	D	1.57%
TROW	B	1.57%
BBY	D	1.55%
OMC	C	1.48%
GPC	D	1.42%
APH	A	1.26%
UPS	C	1.15%
NTRS	A	1.15%
MTB	A	1.09%
MCD	D	1.01%
GRMN	B	0.99%
PM	B	0.91%
OKE	A	0.9%
MET	A	0.85%
CINF	A	0.85%
BLK	C	0.75%
KVUE	A	0.75%
DGX	A	0.74%
TSN	B	0.74%
CAH	B	0.73%
NKE	D	0.72%
PAYX	C	0.72%
HRL	D	0.69%
SNA	A	0.69%
CTRA	B	0.68%
CME	A	0.67%
EG	C	0.64%
SWK	D	0.62%
CI	F	0.61%
GIS	D	0.61%
CMI	A	0.6%
ITW	B	0.59%
FAST	B	0.58%
EOG	A	0.58%
AFL	B	0.58%
CHRW	C	0.57%
EMR	A	0.56%
POOL	C	0.55%
BDX	F	0.55%
NSC	B	0.55%
ADP	B	0.51%
EVRG	A	0.48%
O	D	0.48%
LHX	C	0.48%
LEN	D	0.46%
PNW	B	0.45%
FMC	D	0.45%
ES	D	0.43%
FRT	B	0.4%
EMN	D	0.4%
EIX	B	0.39%
AEP	D	0.37%
DLR	B	0.36%
APD	A	0.35%
CF	B	0.35%

RNDV Underweight 173 Positions Relative to PHEQ

Symbol	Grade	Weight
NVDA	C	-7.12%
AAPL	C	-6.85%
AMZN	C	-4.1%
META	D	-2.66%
GOOGL	C	-2.28%
TSLA	B	-1.91%
GOOG	C	-1.9%
JPM	A	-1.73%
AVGO	D	-1.71%
BRK.A	B	-1.42%
LLY	F	-1.39%
V	A	-1.28%
MA	C	-1.14%
PG	A	-1.09%
COST	B	-1.07%
BAC	A	-0.98%
WMT	A	-0.96%
NFLX	A	-0.8%
CSCO	B	-0.79%
KO	D	-0.77%
ORCL	B	-0.73%
PEP	F	-0.72%
T	A	-0.68%
WFC	A	-0.67%
LIN	D	-0.67%
CRM	B	-0.63%
NOW	A	-0.61%
TMO	F	-0.59%
ISRG	A	-0.58%
DIS	B	-0.57%
AXP	A	-0.57%
CAT	B	-0.55%
AMD	F	-0.51%
TMUS	B	-0.51%
ADBE	C	-0.48%
TRGP	B	-0.46%
KKR	A	-0.46%
AMGN	D	-0.45%
DE	A	-0.44%
WM	A	-0.44%
MMM	D	-0.44%
CTAS	B	-0.42%
DAL	C	-0.39%
MS	A	-0.39%
BKNG	A	-0.39%
PLTR	B	-0.36%
VRTX	F	-0.36%
HWM	A	-0.36%
SCHW	B	-0.35%
PPL	B	-0.34%
RSG	A	-0.34%
LNT	A	-0.33%
DOV	A	-0.33%
YUM	B	-0.33%
OTIS	C	-0.33%
HIG	B	-0.33%
EQR	B	-0.32%
EXR	D	-0.32%
BA	F	-0.32%
ROST	C	-0.32%
MU	D	-0.31%
LH	C	-0.31%
CMS	C	-0.31%
BRO	B	-0.31%
HBAN	A	-0.31%
DTE	C	-0.31%
PANW	C	-0.3%
DRI	B	-0.3%
AEE	A	-0.3%
COR	B	-0.3%
PHM	D	-0.3%
APO	B	-0.3%
UBER	D	-0.29%
DOC	D	-0.29%
LRCX	F	-0.29%
CNP	B	-0.28%
AME	A	-0.28%
PYPL	B	-0.28%
SYF	B	-0.27%
CFG	B	-0.26%
MRVL	B	-0.25%
MELI	D	-0.25%
LII	A	-0.25%
ARES	A	-0.25%
MRO	B	-0.24%
L	A	-0.24%
FE	C	-0.24%
NDAQ	A	-0.24%
URI	B	-0.24%
JBHT	C	-0.24%
RMD	C	-0.24%
FANG	D	-0.24%
MKL	A	-0.23%
NEM	D	-0.23%
ULTA	F	-0.23%
EXPD	D	-0.23%
LNG	B	-0.22%
LYB	F	-0.22%
HEI	B	-0.22%
WRB	A	-0.21%
SSNC	B	-0.21%
REGN	F	-0.21%
ARE	D	-0.21%
LULU	C	-0.21%
MSTR	C	-0.2%
SPOT	B	-0.19%
TTD	B	-0.18%
ZM	B	-0.18%
PPG	F	-0.18%
WBD	C	-0.18%
CPB	D	-0.18%
CSL	C	-0.18%
CRWD	B	-0.17%
DVN	F	-0.17%
IFF	D	-0.16%
AKAM	D	-0.16%
HAL	C	-0.16%
ABNB	C	-0.15%
MOH	F	-0.14%
APTV	D	-0.14%
NDSN	B	-0.14%
HEI	B	-0.14%
ZBH	C	-0.14%
ON	D	-0.14%
DELL	C	-0.14%
HUBS	A	-0.14%
MGM	D	-0.13%
WDAY	B	-0.13%
DASH	A	-0.13%
HUBB	B	-0.13%
DDOG	A	-0.13%
ALNY	D	-0.13%
FCNCA	A	-0.13%
SQ	B	-0.12%
RBLX	C	-0.12%
BAH	F	-0.12%
COIN	C	-0.12%
TW	A	-0.11%
STLD	B	-0.11%
IBKR	A	-0.11%
VRT	B	-0.1%
VEEV	C	-0.1%
SUI	D	-0.1%
DOX	D	-0.09%
TRU	D	-0.09%
BLDR	D	-0.08%
ZS	C	-0.08%
NET	B	-0.07%
SCCO	F	-0.07%
AGR	B	-0.07%
YUMC	C	-0.07%
DKNG	B	-0.07%
SNOW	C	-0.06%
ALGN	D	-0.06%
AVTR	F	-0.06%
TEAM	A	-0.06%
SNAP	C	-0.05%
LPLA	A	-0.05%
CE	F	-0.05%
OWL	A	-0.05%
ILMN	D	-0.05%
OKTA	C	-0.04%
WLK	D	-0.04%
BSY	D	-0.04%
RPRX	D	-0.04%
CPNG	D	-0.03%
PINS	D	-0.03%
SIRI	C	-0.03%
ENPH	F	-0.03%
RKT	F	-0.03%
WSM	B	-0.02%
WMG	C	-0.02%
MRNA	F	-0.01%