SPY vs. FEX ETF Comparison

Comparison of SPDR S&P 500 (SPY) to First Trust Large Cap Core AlphaDEX (FEX)

SPY

SPDR S&P 500

SPY Description

The investment seeks to provide investment results that, before expenses, generally correspond to the price and yield performance of the S&P 500 Index. The Trust holds the Portfolio and cash and is not actively "managed" by traditional methods. To maintain the correspondence between the composition and weightings of Portfolio Securities and component stocks of the S&P 500 Index, the Trustee adjusts the Portfolio from time to time to conform to periodic changes in the identity and/or relative weightings of Index Securities.

Grade (RS Rating)

Last Trade

$570.98

Average Daily Volume

50,506,040

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Defined Large Cap Core 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 S&P to objectively identify and select stocks from the S&P 500(R) Index 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

$103.50

Average Daily Volume

22,970

Number of Holdings ^*

370

* may have additional holdings in another (foreign) market

Performance

Period	SPY	FEX
30 Days	2.20%	3.59%
60 Days	4.01%	4.84%
90 Days	4.86%	6.59%
12 Months	31.53%	25.72%

326 Overlapping Holdings

Symbol	Grade	Weight in SPY	Weight in FEX	Overlap
AAPL	C	6.87%	0.17%	0.17%
ABT	C	0.43%	0.1%	0.1%
ACGL	C	0.09%	0.48%	0.09%
ADBE	F	0.56%	0.08%	0.08%
ADI	C	0.24%	0.08%	0.08%
ADM	D	0.06%	0.42%	0.06%
ADP	B	0.24%	0.1%	0.1%
ADSK	C	0.12%	0.09%	0.09%
AEE	C	0.05%	0.41%	0.05%
AEP	C	0.12%	0.4%	0.12%
AFL	C	0.12%	0.42%	0.12%
AIG	D	0.1%	0.33%	0.1%
AJG	D	0.14%	0.29%	0.14%
AMAT	D	0.33%	0.27%	0.27%
AMD	D	0.52%	0.08%	0.08%
AMGN	B	0.38%	0.36%	0.36%
AMZN	C	3.61%	0.32%	0.32%
ANET	B	0.18%	0.43%	0.18%
APD	B	0.13%	0.28%	0.13%
APH	D	0.16%	0.32%	0.16%
APTV	D	0.04%	0.41%	0.04%
ARE	C	0.04%	0.18%	0.04%
ATO	B	0.04%	0.4%	0.04%
AVB	B	0.07%	0.19%	0.07%
AVGO	C	1.48%	0.35%	0.35%
AWK	B	0.06%	0.2%	0.06%
AXON	B	0.05%	0.22%	0.05%
AXP	B	0.31%	0.1%	0.1%
AZO	D	0.12%	0.27%	0.12%
BA	F	0.2%	0.07%	0.07%
BAC	D	0.57%	0.25%	0.25%
BAX	C	0.04%	0.1%	0.04%
BBY	C	0.04%	0.3%	0.04%
BDX	D	0.14%	0.08%	0.08%
BEN	F	0.01%	0.3%	0.01%
BG	D	0.03%	0.38%	0.03%
BIIB	F	0.06%	0.15%	0.06%
BK	B	0.11%	0.5%	0.11%
BKNG	C	0.28%	0.34%	0.28%
BKR	C	0.07%	0.24%	0.07%
BLK	B	0.26%	0.19%	0.19%
BR	D	0.05%	0.18%	0.05%
BRK.A	C	1.76%	0.47%	0.47%
BRO	C	0.05%	0.39%	0.05%
BSX	B	0.26%	0.37%	0.26%
C	D	0.23%	0.23%	0.23%
CAG	C	0.03%	0.39%	0.03%
CAT	B	0.35%	0.26%	0.26%
CB	B	0.25%	0.39%	0.25%
CBRE	A	0.07%	0.23%	0.07%
CCL	C	0.04%	0.32%	0.04%
CDNS	D	0.15%	0.15%	0.15%
CE	F	0.03%	0.39%	0.03%
CEG	C	0.13%	0.34%	0.13%
CF	C	0.03%	0.45%	0.03%
CFG	C	0.04%	0.38%	0.04%
CHD	D	0.05%	0.17%	0.05%
CHTR	D	0.07%	0.29%	0.07%
CI	C	0.22%	0.19%	0.19%
CINF	C	0.05%	0.49%	0.05%
CL	D	0.19%	0.37%	0.19%
CMCSA	D	0.32%	0.42%	0.32%
CMG	C	0.16%	0.31%	0.16%
CMI	C	0.09%	0.18%	0.09%
CMS	C	0.04%	0.3%	0.04%
CNC	D	0.08%	0.39%	0.08%
CNP	C	0.04%	0.23%	0.04%
COF	B	0.11%	0.34%	0.11%
COP	D	0.26%	0.39%	0.26%
COST	B	0.85%	0.45%	0.45%
CPB	C	0.02%	0.29%	0.02%
CPRT	D	0.09%	0.08%	0.08%
CRM	D	0.52%	0.08%	0.08%
CRWD	D	0.13%	0.3%	0.13%
CSCO	C	0.43%	0.36%	0.36%
CTAS	B	0.15%	0.3%	0.15%
CTRA	F	0.04%	0.36%	0.04%
CTSH	C	0.08%	0.48%	0.08%
CTVA	B	0.08%	0.09%	0.08%
CVS	D	0.15%	0.42%	0.15%
CVX	D	0.51%	0.38%	0.38%
D	C	0.1%	0.3%	0.1%
DAL	C	0.06%	0.32%	0.06%
DD	B	0.07%	0.09%	0.07%
DE	B	0.22%	0.36%	0.22%
DECK	C	0.05%	0.41%	0.05%
DG	F	0.04%	0.11%	0.04%
DGX	B	0.04%	0.39%	0.04%
DHI	B	0.12%	0.58%	0.12%
DLR	B	0.11%	0.18%	0.11%
DOV	B	0.05%	0.35%	0.05%
DOW	D	0.08%	0.24%	0.08%
DPZ	F	0.03%	0.27%	0.03%
DRI	B	0.04%	0.09%	0.04%
DTE	C	0.05%	0.38%	0.05%
DUK	C	0.19%	0.3%	0.19%
DVN	F	0.05%	0.35%	0.05%
EA	D	0.08%	0.09%	0.08%
EBAY	B	0.07%	0.51%	0.07%
ECL	B	0.14%	0.27%	0.14%
ED	C	0.08%	0.4%	0.08%
EG	C	0.03%	0.43%	0.03%
EIX	C	0.07%	0.3%	0.07%
EL	F	0.04%	0.07%	0.04%
ELV	C	0.27%	0.17%	0.17%
EOG	D	0.15%	0.41%	0.15%
EPAM	F	0.02%	0.28%	0.02%
EQR	B	0.06%	0.28%	0.06%
EQT	D	0.04%	0.38%	0.04%
ESS	B	0.04%	0.2%	0.04%
ETN	C	0.25%	0.33%	0.25%
ETR	B	0.06%	0.51%	0.06%
EW	F	0.09%	0.06%	0.06%
EXC	C	0.08%	0.39%	0.08%
EXPD	C	0.04%	0.08%	0.04%
EXPE	C	0.04%	0.18%	0.04%
F	F	0.09%	0.29%	0.09%
FANG	D	0.06%	0.37%	0.06%
FCX	D	0.13%	0.07%	0.07%
FDX	C	0.14%	0.33%	0.14%
FE	C	0.05%	0.29%	0.05%
FICO	B	0.1%	0.43%	0.1%
FITB	B	0.06%	0.29%	0.06%
FOXA	B	0.02%	0.49%	0.02%
FSLR	C	0.05%	0.26%	0.05%
GD	B	0.15%	0.18%	0.15%
GDDY	C	0.05%	0.45%	0.05%
GE	B	0.39%	0.48%	0.39%
GEHC	C	0.08%	0.09%	0.08%
GIS	B	0.09%	0.3%	0.09%
GLW	C	0.07%	0.09%	0.07%
GM	C	0.11%	0.43%	0.11%
GOOGL	D	1.9%	0.37%	0.37%
GPC	D	0.04%	0.25%	0.04%
GPN	D	0.06%	0.49%	0.06%
GRMN	D	0.06%	0.45%	0.06%
GS	C	0.33%	0.27%	0.27%
GWW	B	0.09%	0.19%	0.09%
HAL	F	0.05%	0.36%	0.05%
HBAN	B	0.04%	0.38%	0.04%
HCA	B	0.16%	0.21%	0.16%
HIG	B	0.07%	0.39%	0.07%
HLT	B	0.11%	0.34%	0.11%
HOLX	C	0.04%	0.09%	0.04%
HON	D	0.28%	0.08%	0.08%
HPE	D	0.05%	0.34%	0.05%
HPQ	D	0.06%	0.08%	0.06%
HRL	C	0.02%	0.27%	0.02%
HSY	C	0.06%	0.28%	0.06%
HUBB	B	0.05%	0.09%	0.05%
HUM	F	0.08%	0.14%	0.08%
HWM	B	0.08%	0.52%	0.08%
IBM	B	0.41%	0.11%	0.11%
INCY	C	0.02%	0.37%	0.02%
INTC	F	0.18%	0.23%	0.18%
INTU	C	0.39%	0.17%	0.17%
INVH	C	0.04%	0.09%	0.04%
IPG	C	0.03%	0.36%	0.03%
IR	C	0.08%	0.25%	0.08%
IRM	C	0.07%	0.56%	0.07%
ISRG	B	0.37%	0.37%	0.37%
IT	B	0.08%	0.1%	0.08%
J	C	0.04%	0.18%	0.04%
JBHT	D	0.03%	0.27%	0.03%
JBL	D	0.03%	0.33%	0.03%
JCI	B	0.1%	0.18%	0.1%
JNJ	C	0.85%	0.29%	0.29%
JPM	D	1.27%	0.43%	0.43%
K	B	0.05%	0.12%	0.05%
KDP	B	0.08%	0.28%	0.08%
KEY	B	0.03%	0.19%	0.03%
KHC	C	0.06%	0.37%	0.06%
KIM	C	0.03%	0.31%	0.03%
KKR	B	0.17%	0.51%	0.17%
KLAC	D	0.22%	0.23%	0.22%
KMB	D	0.1%	0.09%	0.09%
KMI	B	0.09%	0.37%	0.09%
KO	C	0.59%	0.19%	0.19%
KR	C	0.07%	0.38%	0.07%
KVUE	C	0.09%	0.22%	0.09%
L	C	0.03%	0.36%	0.03%
LEN	B	0.09%	0.53%	0.09%
LHX	C	0.09%	0.17%	0.09%
LIN	B	0.48%	0.09%	0.09%
LKQ	F	0.02%	0.41%	0.02%
LLY	C	1.57%	0.43%	0.43%
LMT	C	0.26%	0.21%	0.21%
LOW	B	0.3%	0.2%	0.2%
LRCX	F	0.21%	0.24%	0.21%
LUV	C	0.04%	0.25%	0.04%
LYB	D	0.05%	0.33%	0.05%
LYV	B	0.03%	0.18%	0.03%
MA	B	0.86%	0.1%	0.1%
MAA	B	0.04%	0.2%	0.04%
MAR	C	0.12%	0.24%	0.12%
MCO	B	0.16%	0.19%	0.16%
MDLZ	B	0.21%	0.2%	0.2%
MDT	C	0.26%	0.19%	0.19%
META	B	2.4%	0.45%	0.45%
MGM	F	0.02%	0.14%	0.02%
MKC	C	0.04%	0.1%	0.04%
MLM	D	0.07%	0.08%	0.07%
MMC	C	0.24%	0.19%	0.19%
MMM	B	0.15%	0.33%	0.15%
MO	C	0.2%	0.19%	0.19%
MOH	D	0.04%	0.21%	0.04%
MPC	F	0.12%	0.39%	0.12%
MPWR	C	0.09%	0.27%	0.09%
MS	D	0.26%	0.17%	0.17%
MSFT	C	6.73%	0.16%	0.16%
MSI	B	0.15%	0.39%	0.15%
MTB	B	0.06%	0.39%	0.06%
MTD	D	0.06%	0.17%	0.06%
NEE	C	0.37%	0.3%	0.3%
NFLX	B	0.63%	0.35%	0.35%
NKE	D	0.2%	0.18%	0.18%
NOC	B	0.15%	0.1%	0.1%
NOW	B	0.38%	0.29%	0.29%
NSC	C	0.12%	0.1%	0.1%
NTAP	D	0.05%	0.39%	0.05%
NTRS	A	0.04%	0.27%	0.04%
NUE	F	0.07%	0.38%	0.07%
NVDA	D	6.15%	0.4%	0.4%
NVR	B	0.06%	0.1%	0.06%
NWSA	D	0.02%	0.08%	0.02%
NXPI	F	0.13%	0.22%	0.13%
OKE	B	0.11%	0.29%	0.11%
OMC	B	0.04%	0.19%	0.04%
ORCL	C	0.54%	0.31%	0.31%
ORLY	C	0.14%	0.18%	0.14%
OTIS	C	0.08%	0.17%	0.08%
OXY	F	0.07%	0.34%	0.07%
PANW	D	0.24%	0.34%	0.24%
PCAR	D	0.11%	0.16%	0.11%
PCG	C	0.09%	0.39%	0.09%
PEG	C	0.09%	0.29%	0.09%
PFG	B	0.04%	0.18%	0.04%
PG	C	0.88%	0.09%	0.09%
PGR	B	0.31%	0.1%	0.1%
PH	B	0.16%	0.2%	0.16%
PHM	B	0.06%	0.32%	0.06%
PKG	B	0.04%	0.3%	0.04%
PM	C	0.42%	0.21%	0.21%
PNC	B	0.15%	0.29%	0.15%
PODD	B	0.03%	0.1%	0.03%
POOL	C	0.03%	0.1%	0.03%
PPG	D	0.06%	0.17%	0.06%
PPL	C	0.05%	0.1%	0.05%
PRU	C	0.09%	0.08%	0.08%
PSX	F	0.11%	0.38%	0.11%
PTC	D	0.04%	0.08%	0.04%
PWR	B	0.08%	0.45%	0.08%
PYPL	B	0.16%	0.31%	0.16%
QCOM	D	0.4%	0.14%	0.14%
RCL	B	0.08%	0.45%	0.08%
REGN	C	0.26%	0.19%	0.19%
RF	B	0.04%	0.38%	0.04%
RJF	C	0.05%	0.16%	0.05%
RMD	C	0.08%	0.11%	0.08%
ROL	C	0.03%	0.26%	0.03%
ROP	C	0.13%	0.17%	0.13%
ROST	C	0.11%	0.27%	0.11%
RSG	D	0.09%	0.27%	0.09%
RTX	C	0.34%	0.1%	0.1%
SJM	C	0.03%	0.37%	0.03%
SMCI	F	0.05%	0.09%	0.05%
SNA	C	0.03%	0.45%	0.03%
SNPS	F	0.16%	0.21%	0.16%
SO	B	0.21%	0.1%	0.1%
SPG	B	0.11%	0.09%	0.09%
SPGI	B	0.35%	0.1%	0.1%
SRE	C	0.11%	0.37%	0.11%
STE	C	0.05%	0.09%	0.05%
STLD	F	0.03%	0.36%	0.03%
STT	B	0.05%	0.29%	0.05%
STX	C	0.04%	0.41%	0.04%
STZ	D	0.09%	0.08%	0.08%
SWKS	D	0.03%	0.31%	0.03%
SYF	C	0.04%	0.42%	0.04%
SYK	C	0.27%	0.18%	0.18%
SYY	D	0.08%	0.09%	0.08%
T	C	0.33%	0.49%	0.33%
TDG	B	0.16%	0.36%	0.16%
TDY	B	0.04%	0.28%	0.04%
TEL	D	0.09%	0.41%	0.09%
TGT	C	0.15%	0.26%	0.15%
TJX	B	0.29%	0.46%	0.29%
TMO	B	0.51%	0.09%	0.09%
TMUS	C	0.22%	0.3%	0.22%
TRGP	B	0.07%	0.1%	0.07%
TROW	D	0.05%	0.39%	0.05%
TRV	C	0.11%	0.3%	0.11%
TSCO	C	0.06%	0.09%	0.06%
TSN	C	0.04%	0.09%	0.04%
TT	B	0.17%	0.47%	0.17%
TTWO	C	0.05%	0.08%	0.05%
TXN	C	0.39%	0.09%	0.09%
TXT	D	0.04%	0.26%	0.04%
TYL	C	0.05%	0.3%	0.05%
UAL	C	0.03%	0.45%	0.03%
UBER	C	0.31%	0.25%	0.25%
UPS	D	0.2%	0.16%	0.16%
URI	B	0.1%	0.29%	0.1%
USB	B	0.15%	0.29%	0.15%
VLO	F	0.09%	0.36%	0.09%
VMC	D	0.07%	0.08%	0.07%
VRSK	D	0.08%	0.17%	0.08%
VRTX	D	0.26%	0.26%	0.26%
VST	C	0.06%	0.44%	0.06%
VTR	C	0.06%	0.21%	0.06%
VTRS	D	0.03%	0.38%	0.03%
VZ	B	0.39%	0.37%	0.37%
WAB	A	0.06%	0.45%	0.06%
WBD	D	0.03%	0.39%	0.03%
WEC	C	0.06%	0.41%	0.06%
WELL	C	0.16%	0.21%	0.16%
WFC	D	0.4%	0.31%	0.31%
WM	D	0.16%	0.25%	0.16%
WMB	B	0.12%	0.18%	0.12%
WMT	C	0.72%	0.1%	0.1%
WRB	C	0.04%	0.19%	0.04%
WY	C	0.05%	0.29%	0.05%
XEL	B	0.08%	0.41%	0.08%
XOM	C	1.05%	0.41%	0.41%
XYL	D	0.07%	0.25%	0.07%
ZBH	F	0.05%	0.33%	0.05%

SPY Overweight 170 Positions Relative to FEX

Symbol	Grade	Weight
GOOG	D	1.59%
TSLA	C	1.35%
UNH	C	1.16%
V	C	0.96%
HD	B	0.79%
ABBV	C	0.74%
MRK	D	0.62%
PEP	C	0.52%
ACN	C	0.47%
MCD	B	0.45%
DHR	B	0.38%
PFE	C	0.36%
DIS	D	0.34%
UNP	C	0.32%
PLD	C	0.26%
SBUX	C	0.24%
AMT	C	0.24%
GILD	B	0.22%
BX	B	0.22%
BMY	C	0.21%
MU	F	0.21%
ICE	C	0.2%
SCHW	D	0.2%
SHW	B	0.19%
EQIX	C	0.18%
ZTS	C	0.18%
CME	C	0.17%
AON	B	0.16%
CSX	D	0.14%
MCK	F	0.14%
ITW	C	0.14%
NEM	B	0.13%
CARR	B	0.13%
O	C	0.12%
TFC	C	0.12%
SLB	F	0.12%
GEV	B	0.12%
PSA	B	0.12%
EMR	D	0.12%
ABNB	D	0.11%
CCI	C	0.11%
MSCI	C	0.1%
MET	B	0.1%
FIS	B	0.1%
ALL	B	0.1%
FTNT	C	0.1%
A	C	0.09%
IDXX	C	0.09%
MCHP	F	0.09%
PAYX	C	0.09%
IQV	C	0.09%
AMP	A	0.09%
MNST	D	0.08%
EFX	B	0.08%
EXR	B	0.08%
YUM	D	0.08%
AME	C	0.08%
FAST	C	0.08%
DFS	C	0.07%
CSGP	D	0.07%
ODFL	D	0.07%
HES	F	0.07%
VICI	C	0.07%
KEYS	C	0.06%
SBAC	C	0.06%
MRNA	F	0.06%
IFF	B	0.06%
DXCM	F	0.06%
ANSS	D	0.06%
CAH	C	0.06%
CDW	D	0.06%
LULU	D	0.06%
ROK	D	0.06%
WTW	C	0.06%
NDAQ	A	0.06%
ON	D	0.06%
CPAY	B	0.05%
SW	B	0.05%
CBOE	C	0.05%
WST	D	0.05%
ES	C	0.05%
VLTO	C	0.05%
FTV	C	0.05%
FDS	C	0.04%
NRG	C	0.04%
MAS	B	0.04%
ZBRA	B	0.04%
AVY	C	0.04%
ULTA	D	0.04%
WAT	C	0.04%
TER	D	0.04%
WDC	D	0.04%
CLX	C	0.04%
BALL	C	0.04%
LDOS	B	0.04%
BLDR	C	0.04%
EMN	B	0.03%
HST	C	0.03%
KMX	D	0.03%
AES	C	0.03%
ALLE	B	0.03%
FFIV	B	0.03%
REG	C	0.03%
JNPR	B	0.03%
JKHY	B	0.03%
CPT	B	0.03%
NDSN	C	0.03%
TRMB	C	0.03%
EVRG	B	0.03%
DLTR	F	0.03%
UDR	C	0.03%
UHS	B	0.03%
PNR	B	0.03%
LVS	D	0.03%
AKAM	D	0.03%
MRO	D	0.03%
IEX	D	0.03%
LNT	B	0.03%
SWK	B	0.03%
NI	B	0.03%
ENPH	D	0.03%
DOC	C	0.03%
AMCR	B	0.03%
ALGN	D	0.03%
VRSN	D	0.03%
IP	B	0.03%
AAL	D	0.02%
IVZ	B	0.02%
WYNN	D	0.02%
BWA	D	0.02%
MHK	C	0.02%
CZR	C	0.02%
FMC	C	0.02%
NCLH	C	0.02%
MOS	F	0.02%
PAYC	D	0.02%
DVA	B	0.02%
APA	F	0.02%
FRT	C	0.02%
HAS	B	0.02%
GL	C	0.02%
HSIC	C	0.02%
GNRC	D	0.02%
DAY	D	0.02%
LW	D	0.02%
TPR	C	0.02%
SOLV	C	0.02%
MKTX	C	0.02%
MTCH	C	0.02%
AOS	D	0.02%
CRL	F	0.02%
AIZ	B	0.02%
PNW	C	0.02%
TAP	D	0.02%
HII	D	0.02%
QRVO	F	0.02%
ALB	D	0.02%
BXP	B	0.02%
CTLT	B	0.02%
TFX	C	0.02%
TECH	C	0.02%
CHRW	B	0.02%
NWS	D	0.01%
FOX	B	0.01%
PARA	F	0.01%
BBWI	F	0.01%
ETSY	F	0.01%
WBA	F	0.01%
BIO	C	0.01%
RL	C	0.01%

SPY Underweight 44 Positions Relative to FEX

Symbol	Grade	Weight
HEI	B	-0.5%
FCNCA	D	-0.47%
BAH	C	-0.43%
APO	C	-0.42%
MKL	C	-0.42%
VRT	C	-0.42%
OC	D	-0.41%
RS	D	-0.41%
UHAL	A	-0.39%
WPC	C	-0.39%
LII	B	-0.38%
ERIE	B	-0.37%
PLTR	B	-0.36%
LNG	C	-0.35%
CRBG	D	-0.32%
SSNC	B	-0.31%
FNF	B	-0.31%
LPLA	D	-0.31%
ZM	C	-0.29%
PSTG	F	-0.26%
CSL	B	-0.26%
NTNX	C	-0.26%
DDOG	D	-0.22%
PINS	F	-0.22%
MANH	B	-0.19%
ALNY	C	-0.19%
ARES	B	-0.19%
WSO	C	-0.18%
TTD	B	-0.18%
RIVN	F	-0.17%
DKNG	C	-0.17%
WLK	D	-0.16%
OKTA	F	-0.13%
TRU	B	-0.12%
RPM	B	-0.1%
CPNG	B	-0.1%
SNAP	F	-0.1%
MRVL	C	-0.09%
AMH	C	-0.09%
NBIX	F	-0.08%
ZS	F	-0.08%
NET	D	-0.08%
ENTG	F	-0.07%
HUBS	D	-0.07%