SMDY vs. FPX ETF Comparison

Comparison of Syntax Stratified MidCap ETF (SMDY) to First Trust IPOX-100 Index Fund (FPX)

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$44.16

Average Daily Volume

525

Number of Holdings ^*

391

* may have additional holdings in another (foreign) market

FPX

First Trust IPOX-100 Index Fund

FPX 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 IPOX(R)-100 U.S. Index. 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 index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$109.13

Average Daily Volume

19,802

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMDY	FPX
30 Days	0.32%	5.40%
60 Days	0.23%	16.02%
90 Days	3.92%	9.16%
12 Months	21.05%	31.22%

14 Overlapping Holdings

Symbol	Grade	Weight in SMDY	Weight in FPX	Overlap
CNX	A	0.09%	0.42%	0.09%
COHR	B	0.15%	0.58%	0.15%
CR	C	0.07%	1.14%	0.07%
DOCS	B	1.52%	0.5%	0.5%
DTM	A	0.24%	1.32%	0.24%
DUOL	B	0.36%	2.29%	0.36%
ESAB	C	0.32%	0.7%	0.32%
FNF	A	0.35%	0.91%	0.35%
HQY	B	0.26%	0.83%	0.26%
KNF	C	0.16%	0.9%	0.16%
LNW	F	0.54%	0.44%	0.44%
RYAN	A	0.21%	0.91%	0.21%
THC	C	0.66%	0.69%	0.66%
UTHR	B	0.5%	0.69%	0.5%

SMDY Overweight 377 Positions Relative to FPX

Symbol	Grade	Weight
SMG	B	2.01%
FYBR	C	1.55%
COTY	F	1.55%
CIEN	B	1.42%
LITE	C	1.41%
IRDM	C	1.23%
ZD	D	0.98%
DT	C	0.84%
SBRA	C	0.73%
OHI	C	0.69%
QLYS	F	0.67%
ACHC	F	0.65%
ARMK	B	0.62%
WING	B	0.58%
WEN	C	0.58%
TXRH	B	0.58%
COKE	B	0.53%
DLB	D	0.52%
LAD	B	0.51%
ERIE	A	0.5%
AMKR	F	0.48%
EXEL	C	0.48%
TOL	A	0.47%
PAG	D	0.47%
POST	B	0.47%
TMHC	B	0.46%
KBH	C	0.46%
ILMN	C	0.45%
MTSI	C	0.45%
BRBR	B	0.45%
HALO	D	0.45%
CRUS	D	0.44%
AN	B	0.44%
SF	A	0.43%
WBS	D	0.43%
SLAB	D	0.42%
IBKR	A	0.42%
RGEN	F	0.42%
PSTG	F	0.41%
CNO	C	0.41%
SFM	A	0.4%
ONTO	C	0.4%
SRPT	F	0.4%
CYTK	F	0.39%
ASB	F	0.39%
NVST	D	0.39%
PRGO	F	0.39%
GMED	D	0.39%
CVLT	C	0.38%
LSCC	D	0.38%
PRI	A	0.38%
JAZZ	F	0.38%
POWI	F	0.37%
UNM	A	0.37%
MANH	C	0.37%
LIVN	D	0.36%
ALGM	F	0.36%
MKSI	F	0.36%
PCTY	C	0.35%
WEX	C	0.35%
SYNA	F	0.35%
ENOV	F	0.35%
GHC	B	0.35%
KMPR	D	0.34%
MTG	B	0.34%
RNR	A	0.34%
PPC	A	0.34%
CAR	D	0.34%
DBX	C	0.34%
HRB	C	0.34%
NBIX	F	0.34%
BURL	D	0.33%
INGR	A	0.33%
USFD	C	0.33%
HAE	D	0.33%
MIDD	D	0.33%
CPRI	C	0.33%
BHF	F	0.33%
AZTA	F	0.33%
FAF	B	0.33%
AMG	C	0.33%
BMRN	F	0.33%
EQH	C	0.33%
PFGC	B	0.32%
ESNT	C	0.32%
TGNA	B	0.32%
BLKB	C	0.32%
FHI	C	0.32%
JHG	C	0.32%
NXST	D	0.31%
MEDP	F	0.31%
ARWR	F	0.31%
MORN	C	0.31%
TKO	C	0.31%
RMBS	F	0.3%
VOYA	A	0.3%
JWN	D	0.3%
NYT	B	0.3%
RGA	C	0.3%
CG	C	0.3%
LECO	F	0.29%
CRI	D	0.29%
LOPE	D	0.29%
SEIC	B	0.29%
APPF	C	0.29%
MMS	A	0.29%
SAM	D	0.28%
TEX	F	0.28%
FLO	C	0.28%
ALTR	C	0.28%
DAR	F	0.28%
NWE	A	0.27%
PNM	B	0.27%
IDA	B	0.27%
WMG	D	0.27%
COLM	B	0.27%
OGE	A	0.27%
MSA	D	0.27%
DKS	D	0.27%
WU	D	0.27%
AGCO	D	0.26%
TDC	D	0.26%
BJ	D	0.26%
ST	F	0.26%
POR	B	0.26%
EEFT	F	0.26%
OSK	F	0.26%
SLM	C	0.26%
TTC	D	0.25%
OGS	A	0.25%
OPCH	D	0.25%
SKX	C	0.25%
EHC	B	0.25%
LANC	F	0.25%
NSP	F	0.25%
CROX	C	0.25%
PVH	F	0.24%
AYI	A	0.24%
PLNT	C	0.24%
OLLI	C	0.24%
SHC	C	0.24%
VNT	F	0.24%
ORA	B	0.24%
CGNX	F	0.24%
ALE	A	0.24%
BKH	B	0.24%
ZI	D	0.24%
THO	C	0.24%
HOG	C	0.24%
BC	C	0.23%
FIVE	D	0.23%
UGI	C	0.23%
GAP	F	0.23%
KEX	C	0.23%
NFG	A	0.23%
M	F	0.23%
RH	C	0.23%
SAIC	B	0.23%
IPGP	D	0.23%
SCI	C	0.23%
NJR	C	0.23%
G	A	0.23%
SR	A	0.23%
EXLS	B	0.23%
AMED	D	0.23%
ALLY	F	0.22%
NSA	C	0.22%
CELH	F	0.22%
AM	A	0.22%
GME	D	0.22%
CASY	D	0.22%
CUBE	C	0.22%
PII	D	0.22%
JEF	B	0.22%
WSM	C	0.21%
MUSA	D	0.21%
WTRG	D	0.21%
CHE	B	0.21%
SWX	C	0.21%
LFUS	C	0.21%
ELS	D	0.21%
IRT	C	0.21%
THG	A	0.2%
ENS	C	0.2%
CNXC	F	0.2%
AMH	D	0.2%
LNTH	C	0.2%
CLH	C	0.19%
MP	C	0.19%
ORI	A	0.19%
GNTX	F	0.19%
KNX	C	0.19%
CACI	A	0.19%
BCO	A	0.19%
PEN	D	0.19%
VC	F	0.19%
DINO	F	0.18%
LII	C	0.18%
GXO	D	0.18%
SRCL	B	0.18%
NVT	D	0.18%
LSTR	D	0.18%
SAIA	D	0.18%
RGLD	C	0.18%
XPO	F	0.18%
AVTR	D	0.18%
XRAY	D	0.18%
UAA	B	0.17%
WHR	C	0.17%
MAT	C	0.17%
AFG	B	0.17%
JLL	B	0.17%
CMC	C	0.17%
TPX	B	0.17%
KD	F	0.17%
EXPO	B	0.17%
ANF	D	0.17%
RS	D	0.17%
CHX	F	0.17%
FLR	D	0.17%
RBA	D	0.17%
R	C	0.17%
FIX	B	0.17%
HLI	B	0.17%
EVR	C	0.17%
BRKR	D	0.16%
RCM	B	0.16%
ELF	F	0.16%
EXP	C	0.16%
TTEK	B	0.16%
FCN	B	0.16%
NOV	F	0.16%
ACM	B	0.16%
UA	B	0.16%
KNSL	D	0.16%
MTZ	C	0.16%
X	F	0.16%
RLI	A	0.16%
EME	C	0.15%
PBF	F	0.15%
YETI	D	0.15%
FND	B	0.15%
AA	C	0.15%
SIGI	D	0.15%
NOVT	D	0.14%
KBR	D	0.14%
PCH	C	0.14%
MDU	C	0.14%
MAN	D	0.14%
UMBF	C	0.14%
LPX	A	0.14%
VNO	B	0.14%
PGNY	F	0.14%
BDC	B	0.14%
ASGN	D	0.14%
GATX	D	0.14%
BYD	C	0.14%
MASI	C	0.14%
BLD	C	0.14%
GLPI	B	0.14%
NEOG	D	0.14%
TCBI	C	0.13%
VAL	F	0.13%
RYN	C	0.13%
CLF	D	0.13%
OLED	C	0.13%
WFRD	F	0.13%
CFR	D	0.12%
CUZ	C	0.12%
WTFC	C	0.12%
CHDN	D	0.12%
HWC	D	0.12%
TREX	D	0.12%
CBSH	D	0.12%
RPM	C	0.11%
AVNT	B	0.11%
CHH	C	0.11%
KRC	C	0.11%
FHN	D	0.11%
DCI	B	0.1%
AAON	B	0.1%
PK	D	0.1%
TNL	B	0.1%
VSH	F	0.1%
GGG	B	0.1%
LEA	F	0.1%
AXTA	C	0.1%
WTS	B	0.1%
RBC	B	0.1%
FLS	B	0.1%
CBT	B	0.1%
WH	C	0.1%
SSD	C	0.09%
CSL	A	0.09%
FR	C	0.09%
HGV	F	0.09%
HXL	F	0.09%
RRX	C	0.09%
MTN	D	0.09%
HELE	D	0.09%
VMI	B	0.09%
ATR	A	0.09%
WLK	B	0.09%
ADNT	D	0.09%
VVV	D	0.09%
H	C	0.09%
WWD	B	0.08%
ARW	C	0.08%
BWXT	A	0.08%
BRX	B	0.08%
ADC	B	0.08%
OC	B	0.08%
FFIN	D	0.08%
EGP	D	0.08%
VLY	C	0.08%
WMS	D	0.08%
NEU	F	0.08%
AIT	A	0.08%
STAG	D	0.08%
MSM	D	0.08%
ALV	F	0.08%
VAC	D	0.08%
ITT	B	0.08%
CW	A	0.08%
COLB	C	0.08%
GTLS	F	0.08%
TKR	B	0.08%
REXR	D	0.08%
SSB	C	0.08%
TPL	B	0.08%
OLN	D	0.08%
WPC	C	0.08%
ASH	F	0.08%
OZK	F	0.07%
CACC	F	0.07%
PR	F	0.07%
ZION	D	0.07%
HOMB	D	0.07%
ONB	D	0.07%
SNX	C	0.07%
CADE	D	0.07%
UFPI	B	0.07%
SWN	C	0.07%
UBSI	D	0.07%
NNN	A	0.07%
SNV	D	0.07%
EWBC	D	0.07%
AVT	B	0.07%
GBCI	D	0.07%
KRG	C	0.07%
GT	F	0.07%
CC	D	0.07%
EPR	C	0.07%
LAMR	C	0.07%
PB	D	0.07%
PNFP	D	0.07%
CHRD	F	0.06%
CIVI	F	0.06%
CNM	F	0.06%
CCK	A	0.06%
WCC	C	0.06%
AR	C	0.06%
BERY	C	0.06%
SLGN	A	0.06%
OVV	F	0.06%
RRC	D	0.06%
STWD	C	0.06%
FNB	D	0.06%
MUR	F	0.06%
CHK	C	0.06%
IBOC	D	0.06%
MTDR	F	0.06%
SON	D	0.05%
GEF	C	0.05%
GPK	B	0.05%
WOLF	F	0.04%
WSO	B	0.04%

SMDY Underweight 69 Positions Relative to FPX

Symbol	Grade	Weight
CARR	C	-7.87%
IOT	C	-7.19%
REGN	D	-7.16%
PLTR	C	-4.54%
CEG	B	-4.35%
DASH	B	-3.76%
KVUE	C	-3.37%
GEV	A	-2.94%
APP	B	-2.76%
CRWD	D	-2.4%
RBLX	C	-1.95%
ABNB	D	-1.81%
PCVX	B	-1.67%
TPG	C	-1.61%
RKT	B	-1.39%
VRT	B	-1.31%
DKNG	D	-1.25%
VLTO	C	-1.18%
HOOD	C	-1.1%
COIN	F	-0.92%
NSIT	C	-0.91%
OWL	B	-0.9%
GEHC	B	-0.9%
CRBG	C	-0.9%
JXN	B	-0.89%
SNOW	F	-0.81%
NRG	A	-0.78%
VERX	B	-0.76%
OSCR	C	-0.73%
AZEK	B	-0.73%
TOST	B	-0.68%
NUVL	B	-0.61%
COOP	C	-0.57%
GKOS	C	-0.54%
SOLV	D	-0.53%
ACT	C	-0.49%
RDDT	C	-0.48%
TMDX	D	-0.48%
KNTK	C	-0.47%
PSN	A	-0.46%
ACLX	C	-0.41%
NPAB	D	-0.4%
SLVM	C	-0.39%
PRCT	C	-0.38%
FOUR	B	-0.34%
BSY	D	-0.33%
SGBX	F	-0.32%
PECO	C	-0.31%
RVMD	B	-0.3%
STEP	A	-0.29%
ZETA	B	-0.29%
KYMR	C	-0.28%
RBRK	F	-0.26%
RNA	A	-0.23%
KRYS	D	-0.23%
BROS	D	-0.23%
OGN	D	-0.22%
LTH	C	-0.22%
ITRI	C	-0.21%
CRDO	C	-0.21%
VRRM	D	-0.2%
PHIN	D	-0.19%
KROS	C	-0.18%
RXST	F	-0.18%
INTA	C	-0.16%
DYN	D	-0.16%
ACVA	C	-0.15%
GRND	D	-0.14%
FA	A	-0.13%