VOE vs. ECLN ETF Comparison

Comparison of Vanguard Mid-Cap Value ETF - DNQ (VOE) to First Trust EIP Carbon Impact ETF (ECLN)

VOE

Vanguard Mid-Cap Value ETF - DNQ

VOE Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks. The fund employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified index of value stocks of mid-size U.S. companies. It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Grade (RS Rating)

Last Trade

$174.08

Average Daily Volume

261,045

Number of Holdings ^*

183

* may have additional holdings in another (foreign) market

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$30.97

Average Daily Volume

6,965

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	VOE	ECLN
30 Days	2.98%	5.35%
60 Days	4.61%	7.15%
90 Days	6.87%	11.18%
12 Months	30.91%	32.72%

17 Overlapping Holdings

Symbol	Grade	Weight in VOE	Weight in ECLN	Overlap
AEE	A	0.52%	0.33%	0.33%
AWK	C	0.6%	0.35%	0.35%
CMS	C	0.46%	2.83%	0.46%
CNP	A	0.43%	0.41%	0.41%
D	C	0.4%	0.51%	0.4%
DTE	C	0.49%	2.43%	0.49%
EIX	B	0.7%	0.18%	0.18%
ETR	B	0.74%	1.18%	0.74%
EVRG	A	0.15%	2.37%	0.15%
J	D	0.39%	0.23%	0.23%
LNG	A	0.92%	1.95%	0.92%
LNT	A	0.34%	2.88%	0.34%
PEG	A	0.99%	3.1%	0.99%
PPL	A	0.51%	3.52%	0.51%
WEC	A	0.67%	3.27%	0.67%
WMB	A	0.71%	3.57%	0.71%
XEL	A	0.83%	3.71%	0.83%

VOE Overweight 166 Positions Relative to ECLN

Symbol	Grade	Weight
CARR	C	1.39%
AJG	A	1.37%
DLR	B	1.3%
OKE	A	1.26%
PCAR	B	1.22%
URI	C	1.2%
NEM	D	1.17%
AMP	A	1.11%
ALL	A	1.1%
DHI	F	1.1%
FIS	C	1.09%
LHX	C	1.04%
CMI	A	1.0%
KVUE	A	0.98%
PRU	A	0.97%
PCG	A	0.94%
CTVA	C	0.93%
COR	B	0.9%
EA	A	0.89%
LEN	D	0.89%
CBRE	B	0.89%
OTIS	C	0.88%
EXC	C	0.87%
BKR	A	0.84%
GIS	D	0.84%
GEHC	D	0.84%
DFS	B	0.83%
GLW	B	0.82%
SYY	D	0.82%
DAL	B	0.82%
CTSH	B	0.82%
KR	B	0.81%
IRM	C	0.81%
ED	C	0.78%
ACGL	C	0.78%
DOW	F	0.77%
HPQ	B	0.77%
NDAQ	A	0.76%
NUE	C	0.75%
VICI	C	0.74%
CNC	D	0.73%
WAB	B	0.73%
HIG	B	0.72%
MTB	A	0.72%
AVB	B	0.7%
DD	C	0.69%
GRMN	B	0.68%
WTW	B	0.68%
FITB	B	0.66%
PPG	F	0.65%
EBAY	D	0.63%
RJF	A	0.61%
PHM	D	0.6%
VTR	B	0.6%
STT	B	0.59%
GPN	B	0.59%
ADM	D	0.59%
CAH	B	0.59%
KEYS	A	0.58%
DOV	A	0.58%
SPG	A	0.58%
IFF	D	0.57%
UAL	A	0.57%
FTV	C	0.56%
CDW	F	0.56%
JCI	B	0.56%
BIIB	F	0.56%
HPE	B	0.56%
EQR	C	0.56%
AIG	B	0.54%
TROW	B	0.54%
NTAP	C	0.53%
ES	C	0.52%
FE	C	0.51%
KMI	A	0.51%
CBOE	C	0.5%
WDC	D	0.5%
LYB	F	0.5%
HBAN	A	0.5%
WY	F	0.5%
RF	A	0.49%
CINF	A	0.49%
K	A	0.49%
ZBH	C	0.48%
SYF	B	0.48%
PKG	A	0.46%
GEV	B	0.46%
CLX	A	0.44%
MCHP	F	0.44%
ZBRA	B	0.44%
MKC	C	0.44%
OMC	C	0.44%
LH	B	0.43%
NTRS	A	0.43%
IP	A	0.43%
IR	B	0.43%
ARE	F	0.43%
HOLX	D	0.42%
DRI	B	0.42%
PFG	D	0.42%
BAX	F	0.41%
ESS	B	0.41%
LUV	C	0.41%
CFG	B	0.4%
BALL	F	0.4%
SNA	A	0.39%
MAS	D	0.39%
BBY	D	0.39%
DG	F	0.39%
ZM	C	0.39%
MAA	B	0.39%
DGX	A	0.38%
AVY	F	0.37%
TSN	B	0.37%
EXPD	C	0.37%
GPC	D	0.36%
KEY	B	0.36%
WBD	B	0.36%
WRB	A	0.36%
FNF	B	0.35%
TXT	D	0.34%
ROK	C	0.34%
GEN	B	0.34%
AKAM	D	0.34%
EG	C	0.34%
RVTY	F	0.33%
L	A	0.33%
CF	A	0.33%
SWK	D	0.32%
AVTR	F	0.32%
CVNA	B	0.32%
SSNC	B	0.32%
CE	F	0.31%
VTRS	A	0.31%
CAG	F	0.31%
SWKS	F	0.31%
NVR	D	0.3%
NWSA	A	0.3%
DLTR	F	0.29%
WPC	C	0.27%
LDOS	C	0.27%
HAL	C	0.25%
FOXA	A	0.25%
HUBB	B	0.25%
STE	D	0.24%
RPRX	D	0.23%
TRU	D	0.22%
HRL	D	0.21%
MKL	A	0.21%
STLD	B	0.21%
CPB	D	0.2%
NI	A	0.18%
CRBG	B	0.17%
EL	F	0.17%
MRO	B	0.17%
DOC	C	0.17%
TRMB	B	0.16%
MGM	D	0.09%
UDR	B	0.08%
BEN	C	0.07%
WBA	F	0.07%
WLK	D	0.06%
AGR	A	0.06%
ALB	B	0.06%
LEN	D	0.06%
FOX	A	0.06%

VOE Underweight 23 Positions Relative to ECLN

Symbol	Grade	Weight
DTM	A	-6.56%
TRGP	A	-5.36%
SRE	A	-4.29%
ATO	A	-4.01%
AEP	C	-3.48%
CQP	B	-2.84%
CWEN	C	-2.63%
NFG	A	-2.6%
IDA	A	-2.28%
PWR	A	-2.21%
OGS	A	-2.05%
AES	F	-1.95%
VST	A	-1.84%
FLR	B	-1.31%
DUK	C	-1.0%
CEG	C	-0.96%
SO	C	-0.95%
OGE	A	-0.66%
NEP	F	-0.65%
WTRG	B	-0.64%
GNRC	C	-0.6%
CPK	A	-0.46%
NJR	A	-0.18%