SSO vs. FTA ETF Comparison

Comparison of ProShares Ultra S&P500 (SSO) to First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index (FTA)

SSO

ProShares Ultra S&P500

SSO Description

The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the S&P 500®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a measure of large-cap U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 500 U.S. operating companies and real estate investment trusts selected through a process. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$88.20

Average Daily Volume

2,794,427

Number of Holdings ^*

496

* may have additional holdings in another (foreign) market

FTA

First Trust Large Cap Value AlphaDEX Fund (based onthe Defined Large Cap Value Index

FTA 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 Value 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) Value 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

$78.61

Average Daily Volume

35,370

Number of Holdings ^*

186

* may have additional holdings in another (foreign) market

Performance

Period	SSO	FTA
30 Days	4.50%	1.21%
60 Days	12.52%	5.13%
90 Days	3.07%	8.67%
12 Months	68.90%	26.58%

175 Overlapping Holdings

	Symbol	Grade	Weight in SSO	Weight in FTA	Overlap
	ABT	C	0.27%	0.18%	0.18%
	ACGL	A	0.06%	0.94%	0.06%
	ADM	F	0.04%	0.83%	0.04%
	AEE	A	0.03%	0.81%	0.03%
	AEP	C	0.07%	0.78%	0.07%
	AFL	A	0.07%	0.6%	0.07%
	AIG	F	0.06%	0.66%	0.06%
	APD	C	0.09%	0.39%	0.09%
	APTV	D	0.03%	0.88%	0.03%
	ARE	D	0.03%	0.35%	0.03%
	ATO	A	0.03%	0.79%	0.03%
	AWK	C	0.04%	0.18%	0.04%
	BAC	D	0.36%	0.48%	0.36%
	BBY	C	0.03%	0.59%	0.03%
	BEN	F	0.01%	0.62%	0.01%
	BG	F	0.02%	0.76%	0.02%
	BIIB	F	0.04%	0.14%	0.04%
	BKR	B	0.05%	0.5%	0.05%
	BLK	A	0.18%	0.2%	0.18%
	BRK.A	C	1.12%	0.94%	0.94%
	C	C	0.16%	0.48%	0.16%
	CAG	D	0.02%	0.76%	0.02%
	CB	B	0.15%	0.76%	0.15%
	CBRE	B	0.05%	0.22%	0.05%
	CE	C	0.02%	0.86%	0.02%
	CF	A	0.02%	0.96%	0.02%
	CFG	D	0.02%	0.76%	0.02%
	CHTR	D	0.04%	0.53%	0.04%
	CI	D	0.13%	0.17%	0.13%
	CINF	A	0.03%	0.96%	0.03%
	CMCSA	C	0.21%	0.89%	0.21%
	CMI	A	0.06%	0.19%	0.06%
	CMS	A	0.03%	0.58%	0.03%
	CNC	F	0.05%	0.75%	0.05%
	CNP	B	0.03%	0.46%	0.03%
	COF	C	0.08%	0.72%	0.08%
	COP	D	0.17%	0.76%	0.17%
	CPB	D	0.01%	0.36%	0.01%
	CSCO	A	0.28%	0.37%	0.28%
	CTRA	D	0.02%	0.74%	0.02%
	CTSH	B	0.05%	0.76%	0.05%
	CTVA	A	0.05%	0.18%	0.05%
	CVS	C	0.1%	0.87%	0.1%
	CVX	B	0.34%	0.78%	0.34%
	D	A	0.07%	0.57%	0.07%
	DD	C	0.05%	0.18%	0.05%
	DE	B	0.14%	0.55%	0.14%
	DG	F	0.03%	0.11%	0.03%
	DGX	C	0.02%	0.55%	0.02%
	DHI	C	0.08%	1.13%	0.08%
	DOV	B	0.04%	0.36%	0.04%
	DOW	B	0.05%	0.35%	0.05%
	DTE	A	0.04%	0.56%	0.04%
	DUK	B	0.12%	0.56%	0.12%
	DVN	F	0.03%	0.69%	0.03%
	EBAY	A	0.04%	0.8%	0.04%
	ED	A	0.05%	0.78%	0.05%
	EG	B	0.02%	0.87%	0.02%
	EIX	B	0.04%	0.59%	0.04%
	ELV	F	0.17%	0.16%	0.16%
	EOG	B	0.1%	0.81%	0.1%
	EPAM	F	0.02%	0.35%	0.02%
	EQR	C	0.04%	0.52%	0.04%
	EQT	B	0.03%	0.82%	0.03%
	ETR	A	0.04%	1.02%	0.04%
	EXC	A	0.05%	0.97%	0.05%
	EXPD	D	0.02%	0.17%	0.02%
	F	D	0.06%	0.72%	0.06%
	FANG	C	0.04%	0.71%	0.04%
	FDX	D	0.08%	0.44%	0.08%
	FE	C	0.03%	0.56%	0.03%
	FITB	C	0.04%	0.57%	0.04%
	FOXA	A	0.01%	1.03%	0.01%
	GD	C	0.11%	0.17%	0.11%
	GIS	C	0.06%	0.57%	0.06%
	GM	D	0.07%	0.84%	0.07%
	GPC	D	0.03%	0.34%	0.03%
	GPN	F	0.04%	0.87%	0.04%
	GS	D	0.21%	0.37%	0.21%
	HAL	D	0.04%	0.57%	0.04%
	HBAN	D	0.03%	0.74%	0.03%
	HCA	C	0.1%	0.42%	0.1%
	HIG	B	0.05%	0.78%	0.05%
	HPE	B	0.03%	0.79%	0.03%
	HPQ	C	0.05%	0.34%	0.05%
	HRL	F	0.01%	0.35%	0.01%
	HSY	F	0.04%	0.35%	0.04%
	HUM	F	0.05%	0.14%	0.05%
	INCY	B	0.01%	0.53%	0.01%
	INTC	D	0.13%	0.38%	0.13%
	IPG	D	0.02%	0.73%	0.02%
	J	F	0.02%	0.18%	0.02%
	JBHT	D	0.02%	0.53%	0.02%
	JBL	C	0.02%	0.55%	0.02%
	JCI	C	0.07%	0.19%	0.07%
	JNJ	D	0.53%	0.37%	0.37%
	K	A	0.03%	0.23%	0.03%
	KDP	C	0.05%	0.37%	0.05%
	KEY	C	0.02%	0.39%	0.02%
	KHC	F	0.04%	0.73%	0.04%
	KIM	C	0.02%	0.39%	0.02%
	KMB	D	0.06%	0.17%	0.06%
	KMI	A	0.06%	0.73%	0.06%
	KR	C	0.05%	0.55%	0.05%
	KVUE	C	0.06%	0.21%	0.06%
	L	D	0.02%	0.7%	0.02%
	LEN	B	0.06%	1.04%	0.06%
	LHX	A	0.06%	0.17%	0.06%
	LKQ	F	0.01%	0.65%	0.01%
	LMT	A	0.17%	0.42%	0.17%
	LOW	A	0.2%	0.4%	0.2%
	LUV	B	0.02%	0.5%	0.02%
	LYB	F	0.03%	0.67%	0.03%
	MAA	D	0.03%	0.18%	0.03%
	MDLZ	D	0.13%	0.18%	0.13%
	MDT	C	0.15%	0.38%	0.15%
	MKC	C	0.03%	0.19%	0.03%
	MOH	F	0.03%	0.38%	0.03%
	MPC	C	0.07%	0.79%	0.07%
	MS	B	0.17%	0.36%	0.17%
	MTB	C	0.04%	0.77%	0.04%
	NEE	A	0.23%	0.4%	0.23%
	NKE	D	0.14%	0.19%	0.14%
	NUE	C	0.05%	0.79%	0.05%
	OKE	A	0.07%	0.37%	0.07%
	OMC	C	0.03%	0.38%	0.03%
	OXY	D	0.05%	0.68%	0.05%
	PCG	C	0.06%	0.76%	0.06%
	PEG	A	0.06%	0.4%	0.06%
	PFG	C	0.02%	0.18%	0.02%
	PKG	B	0.03%	0.39%	0.03%
	PNC	C	0.1%	0.39%	0.1%
	POOL	B	0.02%	0.2%	0.02%
	PPG	D	0.04%	0.36%	0.04%
	PRU	C	0.06%	0.17%	0.06%
	PSX	D	0.07%	0.77%	0.07%
	PYPL	C	0.11%	0.45%	0.11%
	QCOM	C	0.25%	0.14%	0.14%
	REGN	D	0.16%	0.16%	0.16%
	RF	C	0.03%	0.56%	0.03%
	RJF	B	0.03%	0.16%	0.03%
	SJM	D	0.02%	0.74%	0.02%
	SNA	A	0.02%	0.74%	0.02%
	SRE	B	0.07%	0.53%	0.07%
	STLD	B	0.02%	0.81%	0.02%
	STT	C	0.04%	0.58%	0.04%
	SWKS	F	0.02%	0.45%	0.02%
	SYF	B	0.03%	0.88%	0.03%
	SYY	C	0.05%	0.18%	0.05%
	T	A	0.21%	0.96%	0.21%
	TDY	A	0.03%	0.55%	0.03%
	TEL	D	0.06%	0.49%	0.06%
	TGT	D	0.1%	0.35%	0.1%
	TRGP	A	0.05%	0.19%	0.05%
	TROW	D	0.03%	0.63%	0.03%
	TRV	C	0.07%	0.39%	0.07%
	TSCO	B	0.04%	0.17%	0.04%
	TSN	D	0.02%	0.17%	0.02%
	TXT	F	0.02%	0.5%	0.02%
	UAL	B	0.02%	0.99%	0.02%
	UPS	D	0.13%	0.33%	0.13%
	USB	D	0.1%	0.56%	0.1%
	VLO	F	0.06%	0.72%	0.06%
	VTR	C	0.04%	0.2%	0.04%
	VTRS	D	0.02%	0.73%	0.02%
	VZ	B	0.25%	0.73%	0.25%
	WBD	D	0.02%	0.75%	0.02%
	WEC	A	0.04%	0.59%	0.04%
	WFC	F	0.25%	0.63%	0.25%
	WMT	A	0.47%	0.19%	0.19%
	WRB	C	0.02%	0.36%	0.02%
	WY	C	0.03%	0.4%	0.03%
	XEL	B	0.05%	0.81%	0.05%
	XOM	A	0.7%	0.67%	0.67%
	ZBH	F	0.03%	0.49%	0.03%

SSO Overweight 321 Positions Relative to FTA

	Symbol	Grade	Weight
	AAPL	C	4.63%
	MSFT	D	4.33%
	NVDA	B	3.84%
	AMZN	C	2.43%
	META	A	1.66%
	GOOGL	B	1.27%
	AVGO	C	1.08%
	GOOG	B	1.05%
	LLY	D	0.97%
	TSLA	C	0.93%
	JPM	D	0.81%
	UNH	B	0.71%
	V	C	0.65%
	COST	C	0.55%
	PG	D	0.55%
	MA	A	0.55%
	HD	A	0.52%
	ABBV	A	0.46%
	NFLX	B	0.41%
	MRK	F	0.39%
	KO	C	0.37%
	ORCL	C	0.36%
	AMD	B	0.34%
	CRM	B	0.34%
	PEP	F	0.32%
	LIN	B	0.31%
	TMO	D	0.31%
	ADBE	F	0.31%
	ACN	B	0.29%
	MCD	A	0.29%
	IBM	A	0.27%
	GE	C	0.27%
	NOW	C	0.26%
	TXN	C	0.25%
	PM	D	0.25%
	DHR	D	0.24%
	INTU	F	0.24%
	CAT	A	0.24%
	AMGN	D	0.24%
	DIS	D	0.23%
	ISRG	C	0.23%
	RTX	A	0.22%
	AMAT	B	0.22%
	PFE	D	0.22%
	SPGI	B	0.22%
	UBER	C	0.21%
	UNP	D	0.2%
	AXP	B	0.2%
	PGR	C	0.2%
	ETN	C	0.18%
	TJX	D	0.18%
	HON	C	0.18%
	BKNG	C	0.18%
	BSX	A	0.17%
	SYK	C	0.17%
	PLD	D	0.16%
	VRTX	D	0.16%
	SBUX	C	0.15%
	AMT	C	0.15%
	MMC	D	0.15%
	PANW	D	0.15%
	ADI	C	0.15%
	ADP	A	0.15%
	BX	C	0.15%
	BMY	B	0.14%
	LRCX	D	0.14%
	KLAC	B	0.14%
	MU	D	0.14%
	GILD	A	0.14%
	SCHW	D	0.13%
	SO	A	0.13%
	TMUS	A	0.13%
	ANET	A	0.13%
	MO	D	0.12%
	TT	A	0.12%
	ZTS	C	0.12%
	SHW	B	0.12%
	KKR	C	0.12%
	BA	F	0.12%
	ICE	A	0.12%
	APH	D	0.11%
	PH	B	0.11%
	TDG	B	0.11%
	CMG	C	0.11%
	CEG	A	0.11%
	EQIX	C	0.11%
	CL	D	0.11%
	NOC	B	0.1%
	WELL	C	0.1%
	MMM	C	0.1%
	MSI	A	0.1%
	MCO	D	0.1%
	CDNS	D	0.1%
	WM	B	0.1%
	AON	B	0.1%
	PLTR	A	0.1%
	SNPS	F	0.1%
	CME	A	0.1%
	ECL	B	0.09%
	FCX	B	0.09%
	ORLY	A	0.09%
	MCK	F	0.09%
	CSX	D	0.09%
	CRWD	D	0.09%
	BDX	C	0.09%
	CARR	A	0.09%
	GEV	A	0.09%
	ITW	B	0.09%
	CTAS	C	0.09%
	WMB	A	0.08%
	MAR	B	0.08%
	TFC	D	0.08%
	ABNB	D	0.08%
	PSA	C	0.08%
	ADSK	C	0.08%
	NXPI	F	0.08%
	ROP	C	0.08%
	EMR	B	0.08%
	SLB	D	0.08%
	AJG	D	0.08%
	NEM	C	0.08%
	FTNT	B	0.07%
	DLR	C	0.07%
	ROST	D	0.07%
	CCI	C	0.07%
	ALL	C	0.07%
	SPG	A	0.07%
	PCAR	C	0.07%
	AZO	D	0.07%
	URI	C	0.07%
	BK	C	0.07%
	O	A	0.07%
	HLT	B	0.07%
	NSC	D	0.07%
	FAST	C	0.06%
	MCHP	F	0.06%
	RSG	C	0.06%
	RCL	C	0.06%
	IQV	F	0.06%
	IDXX	D	0.06%
	PAYX	A	0.06%
	MPWR	B	0.06%
	PWR	B	0.06%
	MSCI	B	0.06%
	CPRT	C	0.06%
	AMP	A	0.06%
	FIS	B	0.06%
	GWW	B	0.06%
	FICO	A	0.06%
	MET	B	0.06%
	DELL	C	0.05%
	EA	D	0.05%
	GLW	C	0.05%
	IRM	A	0.05%
	VICI	C	0.05%
	DFS	C	0.05%
	RMD	C	0.05%
	YUM	B	0.05%
	MNST	D	0.05%
	ODFL	F	0.05%
	EFX	C	0.05%
	HES	C	0.05%
	VRSK	C	0.05%
	VST	B	0.05%
	OTIS	A	0.05%
	GEHC	C	0.05%
	EXR	C	0.05%
	IR	B	0.05%
	AME	D	0.05%
	IT	B	0.05%
	STZ	D	0.05%
	HWM	A	0.05%
	EW	F	0.05%
	A	B	0.05%
	KEYS	C	0.04%
	IFF	C	0.04%
	FSLR	C	0.04%
	FTV	C	0.04%
	GRMN	D	0.04%
	VLTO	A	0.04%
	CAH	B	0.04%
	DXCM	F	0.04%
	ANSS	D	0.04%
	AXON	A	0.04%
	WTW	C	0.04%
	ROK	C	0.04%
	PHM	A	0.04%
	MTD	B	0.04%
	ON	F	0.04%
	LULU	D	0.04%
	NVR	C	0.04%
	CDW	D	0.04%
	DAL	C	0.04%
	NDAQ	B	0.04%
	WAB	A	0.04%
	CSGP	F	0.04%
	XYL	C	0.04%
	AVB	C	0.04%
	VMC	D	0.04%
	MLM	F	0.04%
	ZBRA	C	0.03%
	ULTA	D	0.03%
	HOLX	D	0.03%
	CCL	C	0.03%
	ESS	D	0.03%
	BAX	D	0.03%
	EL	D	0.03%
	WAT	B	0.03%
	BALL	C	0.03%
	CLX	C	0.03%
	DRI	C	0.03%
	INVH	F	0.03%
	TER	C	0.03%
	PTC	D	0.03%
	LDOS	A	0.03%
	WDC	C	0.03%
	CPAY	A	0.03%
	MRNA	F	0.03%
	CBOE	B	0.03%
	STX	B	0.03%
	WST	D	0.03%
	GDDY	D	0.03%
	BLDR	B	0.03%
	HUBB	B	0.03%
	SW	C	0.03%
	SMCI	F	0.03%
	DECK	B	0.03%
	STE	D	0.03%
	ES	D	0.03%
	BRO	A	0.03%
	PPL	B	0.03%
	TTWO	F	0.03%
	BR	B	0.03%
	TYL	B	0.03%
	NTAP	D	0.03%
	CHD	D	0.03%
	SBAC	C	0.03%
	TFX	C	0.02%
	REG	C	0.02%
	KMX	F	0.02%
	BXP	C	0.02%
	TECH	D	0.02%
	ALLE	A	0.02%
	CHRW	C	0.02%
	EMN	C	0.02%
	JKHY	A	0.02%
	JNPR	B	0.02%
	FFIV	B	0.02%
	HST	D	0.02%
	ERIE	B	0.02%
	CPT	C	0.02%
	AES	C	0.02%
	NDSN	C	0.02%
	UDR	C	0.02%
	ROL	C	0.02%
	EVRG	C	0.02%
	TRMB	B	0.02%
	UHS	D	0.02%
	DLTR	F	0.02%
	DPZ	D	0.02%
	LVS	B	0.02%
	AKAM	D	0.02%
	VRSN	B	0.02%
	NI	A	0.02%
	LNT	A	0.02%
	MRO	C	0.02%
	ENPH	F	0.02%
	PNR	B	0.02%
	DOC	C	0.02%
	IEX	D	0.02%
	AMCR	C	0.02%
	LYV	B	0.02%
	SWK	C	0.02%
	PODD	C	0.02%
	IP	C	0.02%
	AVY	D	0.02%
	ALGN	D	0.02%
	FDS	C	0.02%
	EXPE	B	0.02%
	MAS	A	0.02%
	NRG	A	0.02%
	NTRS	C	0.02%
	FOX	A	0.01%
	WBA	F	0.01%
	PARA	F	0.01%
	BBWI	F	0.01%
	RL	B	0.01%
	DVA	C	0.01%
	WYNN	B	0.01%
	IVZ	B	0.01%
	BWA	C	0.01%
	FMC	C	0.01%
	MOS	F	0.01%
	MHK	B	0.01%
	PAYC	D	0.01%
	MGM	C	0.01%
	FRT	D	0.01%
	GNRC	B	0.01%
	CZR	B	0.01%
	HSIC	D	0.01%
	NCLH	C	0.01%
	LW	D	0.01%
	DAY	B	0.01%
	HAS	A	0.01%
	APA	F	0.01%
	MTCH	B	0.01%
	GL	C	0.01%
	TAP	D	0.01%
	SOLV	C	0.01%
	QRVO	F	0.01%
	MKTX	B	0.01%
	NWSA	D	0.01%
	AOS	B	0.01%
	TPR	C	0.01%
	PNW	B	0.01%
	AIZ	B	0.01%
	ALB	D	0.01%
	HII	F	0.01%
	CRL	F	0.01%
	CTLT	A	0.01%
	NWS	D	0.0%

SSO Underweight 11 Positions Relative to FTA

	Symbol	Grade	Weight
	MKL	D	-0.83%
	UHAL	B	-0.8%
	LNG	A	-0.69%
	RS	D	-0.68%
	OC	C	-0.67%
	ZM	C	-0.57%
	WPC	C	-0.56%
	CRBG	C	-0.48%
	FNF	B	-0.41%
	SSNC	C	-0.39%
	WLK	C	-0.17%

SSO: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Software - Application Semiconductors Business Services Asset Management Diagnostics & Research Oil & Gas E&P Aerospace & Defense Banks - Regional - US Capital Markets Drug Manufacturers - Major Packaged Foods Medical Devices Medical Instruments & Supplies Specialty Retail Credit Services Health Care Plans Household & Personal Products Information Technology Services

Keywords: S&P 500 Nasdaq 100 Natural Gas Computing Electricity Insurance Dow Jones Component Electronics Aerospace Chemical Real Estate Investment Trust Telecommunications Medicine Bank Semiconductor Banking Insurance Products Petroleum Industry Transport Investment Bank

FTA: Top Represented Industries & Keywords

Industries: Utilities - Regulated Electric Banks - Regional - US Packaged Foods Oil & Gas E&P Health Care Plans Insurance - Property & Casualty Utilities - Diversified Asset Management Chemicals Insurance - Diversified Integrated Shipping & Logistics Oil & Gas Midstream Specialty Retail Aerospace & Defense Banks - Global Capital Markets Communication Equipment Credit Services Discount Stores Farm Products

Keywords: S&P 500 Natural Gas Nasdaq 100 Insurance Electricity Bank Insurance Products Banking Petroleum Industry Electronics Aerospace Dow Jones Component Investment Bank Natural Gas Liquids Telecommunications Building Materials Cash Management Chemical Food Products Gas Transmission