RNSC vs. CBLS ETF Comparison

Comparison of First Trust Small Cap US Equity Select ETF (RNSC) to Changebridge Capital Long/Short Equity ETF (CBLS)

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity 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 Small Cap US Equity 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

$29.49

Average Daily Volume

1,757

Number of Holdings ^*

304

* may have additional holdings in another (foreign) market

CBLS

Changebridge Capital Long/Short Equity ETF

CBLS Description

The investment seeks long-term capital appreciation while minimizing volatility. The Adviser also considers an assessment of a company's ESG attributes in determining the attractiveness of an investment opportunity. In general, the fund's investments are broadly invested over a number of sectors, but it may focus on the technology, consumer, and healthcare sectors. Under normal circumstances, at least 80% of the fund's net assets, plus borrowings for investment purposes, will be invested long or short in equity securities, including common stocks and depositary receipts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.41

Average Daily Volume

3,915

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	RNSC	CBLS
30 Days	-2.17%	0.74%
60 Days	2.00%	3.06%
90 Days	8.02%	-2.01%
12 Months	20.11%	36.42%

4 Overlapping Holdings

Symbol	Grade	Weight in RNSC	Weight in CBLS	Overlap
BOWL	F	0.23%	2.49%	0.23%
ENR	B	0.15%	-1.01%	-1.01%
ICFI	C	0.31%	2.49%	0.31%
KMT	C	0.31%	-1.08%	-1.08%

RNSC Overweight 300 Positions Relative to CBLS

Symbol	Grade	Weight
NHC	D	2.79%
LMAT	B	2.64%
CNMD	D	2.56%
PINC	F	2.55%
USPH	F	2.19%
PDCO	F	2.14%
YOU	C	2.03%
PRGS	B	1.43%
CNXN	C	1.41%
CSGS	C	1.38%
CTS	B	1.13%
SSTK	F	1.08%
XRX	D	1.06%
VSH	F	0.98%
FWRD	D	0.53%
IDCC	A	0.52%
TDS	B	0.5%
POWL	A	0.43%
CABO	F	0.43%
CSWI	B	0.4%
PRG	C	0.4%
CWH	C	0.4%
SHEN	F	0.39%
TGLS	A	0.38%
AESI	B	0.37%
USLM	C	0.37%
WHD	B	0.37%
PATK	C	0.37%
KNTK	B	0.37%
CRK	B	0.36%
GVA	A	0.36%
BDC	B	0.35%
CCS	C	0.35%
VSTS	D	0.35%
MWA	A	0.34%
RES	D	0.34%
LEG	D	0.34%
PHIN	C	0.34%
ESE	B	0.34%
AROC	B	0.34%
BRC	C	0.33%
PRIM	C	0.33%
SHOO	A	0.33%
LCII	B	0.33%
SNDR	C	0.33%
MCRI	B	0.33%
GHC	B	0.33%
HNI	B	0.33%
BKE	D	0.33%
PSMT	B	0.32%
UNF	A	0.32%
TGNA	B	0.32%
LEVI	B	0.32%
CDRE	B	0.32%
CRC	B	0.32%
SXI	C	0.32%
TRN	C	0.32%
LZB	C	0.32%
GFF	C	0.31%
GIC	D	0.31%
CRI	D	0.31%
KFY	C	0.31%
ARCH	D	0.31%
EPAC	C	0.31%
GEF	D	0.31%
PZZA	D	0.31%
CBRL	D	0.31%
WINA	D	0.31%
NPO	C	0.31%
APOG	B	0.31%
WERN	D	0.3%
DNUT	D	0.3%
HUBG	D	0.3%
PTVE	D	0.3%
GDEN	D	0.3%
CAKE	A	0.3%
AZZ	C	0.3%
HL	C	0.3%
FL	F	0.3%
JWN	D	0.3%
REVG	D	0.3%
WGO	D	0.3%
SAH	D	0.3%
HEES	D	0.3%
ARCB	D	0.29%
CMCO	D	0.29%
ABM	D	0.29%
JBT	B	0.29%
CRS	C	0.29%
SCS	D	0.29%
PRDO	D	0.29%
TNL	B	0.29%
AIN	F	0.29%
ALG	D	0.29%
TNC	F	0.28%
HWKN	A	0.28%
KFRC	F	0.28%
GES	F	0.28%
NX	F	0.28%
TRS	D	0.28%
RRR	D	0.28%
LNN	C	0.28%
EVTC	D	0.28%
ALGT	D	0.28%
CAL	F	0.28%
GBX	C	0.28%
MRTN	F	0.27%
MLKN	F	0.27%
B	C	0.27%
UNIT	B	0.27%
HLIO	B	0.27%
HTLD	F	0.27%
MATW	F	0.26%
SMG	A	0.26%
DK	F	0.26%
WNC	F	0.25%
OXM	F	0.25%
SLVM	C	0.25%
VAC	D	0.25%
JACK	F	0.25%
INSW	B	0.25%
DAN	D	0.25%
BLMN	F	0.25%
KSS	D	0.25%
STRA	F	0.24%
VIRT	B	0.24%
TPG	B	0.24%
WOR	F	0.24%
SCHL	F	0.24%
NSSC	F	0.23%
LOB	C	0.23%
NMRK	A	0.23%
PFS	D	0.22%
SXT	C	0.22%
MGEE	C	0.22%
SASR	C	0.22%
CWEN	C	0.22%
MSEX	C	0.22%
FBNC	D	0.22%
WAFD	D	0.21%
NWE	B	0.21%
FCF	D	0.21%
MCY	B	0.21%
TOWN	D	0.21%
CBU	D	0.21%
SFNC	C	0.21%
PIPR	B	0.21%
CPK	C	0.21%
BKU	D	0.21%
MTRN	F	0.21%
SYBT	D	0.21%
VBTX	C	0.21%
STEP	A	0.21%
PNM	B	0.21%
PJT	C	0.21%
STBA	D	0.21%
EFSC	D	0.21%
CNO	C	0.21%
NWBI	D	0.2%
CASH	D	0.2%
WS	D	0.2%
FBP	D	0.2%
CWT	D	0.2%
OCFC	C	0.2%
EBC	D	0.2%
HOPE	D	0.2%
HE	F	0.2%
SR	C	0.2%
WD	C	0.2%
BANC	D	0.2%
VCTR	B	0.2%
INDB	D	0.2%
AVA	D	0.2%
BHLB	D	0.2%
PRK	D	0.2%
MPW	C	0.2%
NWN	C	0.2%
STC	C	0.2%
RYI	F	0.2%
OFG	D	0.2%
AWR	A	0.2%
BANF	D	0.2%
FBK	D	0.2%
KOP	F	0.2%
BANR	C	0.2%
VGR	B	0.2%
ABR	C	0.19%
MTX	B	0.19%
FIBK	D	0.19%
SRCE	D	0.19%
MMI	C	0.19%
EXPI	C	0.19%
OUT	C	0.19%
MBIN	D	0.19%
SAFT	D	0.19%
IOSP	F	0.19%
HMN	B	0.19%
CHCO	D	0.19%
BOH	D	0.19%
AKR	C	0.19%
SCL	D	0.19%
FRME	D	0.19%
SBCF	D	0.19%
SJW	D	0.19%
NNI	C	0.19%
FHB	D	0.19%
DEI	A	0.19%
BGC	C	0.19%
FFBC	D	0.19%
CATY	D	0.19%
EIG	B	0.19%
UCBI	B	0.19%
HI	F	0.19%
FHI	C	0.19%
AUB	D	0.19%
NBTB	D	0.19%
FDP	C	0.19%
NIC	D	0.19%
AGM	F	0.18%
SBRA	C	0.18%
FCPT	C	0.18%
CVBF	B	0.18%
PMT	C	0.18%
SKT	A	0.18%
UMH	C	0.18%
IBOC	D	0.18%
CTRE	B	0.18%
NAVI	D	0.18%
LKFN	F	0.18%
RNST	D	0.18%
WSBC	D	0.18%
APAM	C	0.18%
SLG	C	0.18%
TRMK	D	0.18%
NBHC	D	0.18%
PFBC	D	0.18%
LADR	D	0.18%
FULT	D	0.18%
TCBK	D	0.18%
CNNE	F	0.18%
IIPR	C	0.18%
NHI	C	0.18%
BUSE	D	0.18%
ROIC	C	0.18%
WSFS	D	0.18%
PPBI	F	0.18%
HIW	C	0.18%
HASI	C	0.17%
ALEX	D	0.17%
NSA	C	0.17%
UE	C	0.17%
IVT	C	0.17%
KW	B	0.17%
KALU	D	0.17%
PEBO	F	0.17%
JBGS	C	0.17%
GNL	D	0.17%
ESRT	C	0.17%
CODI	D	0.17%
WABC	F	0.17%
HTH	D	0.17%
BNL	C	0.17%
ASB	F	0.17%
AAT	C	0.17%
GTY	C	0.17%
CALM	B	0.17%
LTC	D	0.16%
DRH	C	0.16%
IMKTA	F	0.16%
PLYM	D	0.16%
VRTS	F	0.16%
SPB	C	0.16%
PGRE	D	0.16%
JOE	D	0.16%
WMK	D	0.16%
DEA	D	0.16%
MGPI	D	0.16%
UVV	D	0.16%
CMTG	F	0.16%
LXP	D	0.16%
OEC	F	0.16%
RC	F	0.16%
GBDC	B	0.16%
ARI	F	0.16%
RLJ	D	0.15%
HPP	F	0.15%
ANDE	D	0.15%
SHO	D	0.15%
NTST	D	0.15%
TR	D	0.15%
DBRG	D	0.15%
JJSF	B	0.15%
UTZ	C	0.15%
KLG	D	0.15%
XHR	B	0.15%
ALX	C	0.15%
SVC	F	0.14%
PK	D	0.14%
PEB	D	0.14%
EPC	F	0.13%

RNSC Underweight 57 Positions Relative to CBLS

Symbol	Grade	Weight
STRL	B	-3.36%
LNG	A	-2.92%
SKY	B	-2.86%
CHK	D	-2.69%
SCI	C	-2.68%
BLBD	D	-2.64%
WTTR	C	-2.63%
NEM	C	-2.6%
IBN	C	-2.6%
OSW	C	-2.6%
BABA	A	-2.59%
ERJ	C	-2.59%
DELL	C	-2.58%
ETR	A	-2.53%
MMYT	D	-2.52%
NEE	A	-2.46%
TMDX	D	-2.43%
ASML	F	-2.42%
MGNI	D	-2.41%
ROL	B	-2.4%
SO	A	-2.38%
D	A	-2.36%
AER	D	-2.33%
AVGO	C	-2.26%
NU	D	-2.24%
WMT	A	-2.24%
ECL	B	-2.21%
UNH	B	-2.19%
COST	C	-2.18%
AMZN	C	-2.16%
MSFT	D	-2.03%
HUMA	D	-1.97%
ORCL	B	-1.94%
AMD	D	-1.93%
TDG	A	-1.54%
RTX	A	-1.5%
GD	A	-1.47%
KLAC	B	-1.29%
AFRM	C	--0.3%
VSAT	F	--0.84%
IBM	B	--0.91%
TTC	D	--0.94%
TASK	F	--0.97%
VRNT	F	--1.0%
ROK	D	--1.01%
CTVA	A	--1.1%
CHH	B	--1.1%
PAYX	A	--1.12%
BC	D	--1.14%
FIVN	F	--1.15%
MIDD	D	--1.16%
DOOO	F	--1.29%
DFS	C	--1.29%
HOG	D	--1.35%
R	C	--1.63%
GIII	C	--1.63%
DE	A	--1.69%