BOUT vs. RNDV ETF Comparison
Comparison of Innovator IBD Breakout Opportunities ETF (BOUT) to First Trust US Equity Dividend Select ETF (RNDV)
BOUT
Innovator IBD Breakout Opportunities ETF
BOUT Description
The investment seeks to track, before fees and expenses, the performance of the IBD® Breakout Stocks Index (the "index"). The fund will normally invest at least 80% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index seeks to provide opportunistic investment exposure to those stocks with the potential to "break out," or experience a period of sustained price growth beyond the stock's recent "resistance level," with consideration for various market conditions. The fund is non-diversified. BOUT uses technical analysis to find stocks that are likely to breakout. The funds index relies on an algorithm that establishes a base price (a recent high) for each eligible security. The index then follows the trend for each stock. Selected stocks are ranked by a combination of relative strength and fundamental factors, and then weighted in fixed tiers according to this ranking. In addition, BOUT will move 50% of its portfolio into T-bills based on market signals: a rapid increase in either margin debt or overall stock prices, combined with slowing reversing momentum in the S&P 500. The T-bill position will remain in place until the S&P 500 falls by 50% or show indications of rising momentum. BOUT is rebalanced and reconstituted weekly after the close on Friday. The frequent rebalance schedule means the fund will be highly responsive to the technical factors that drive its strategy, but could also experience high turnover.
Grade (RS Rating)
Last Trade
$36.60
Average Daily Volume
1,959
44
RNDV
First Trust US Equity Dividend Select ETF
RNDV Description
The US Equity Dividend 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 US Equity Dividend 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
$33.68
Average Daily Volume
6,559
94
Performance
Period | BOUT | RNDV |
---|---|---|
30 Days | 0.82% | -1.24% |
60 Days | -0.10% | 0.56% |
90 Days | 6.02% | 5.92% |
12 Months | 27.12% | 28.91% |
0 Overlapping Holdings
Symbol | Grade | Weight in BOUT | Weight in RNDV | Overlap |
---|
BOUT Overweight 44 Positions Relative to RNDV
Symbol | Grade | Weight | |
---|---|---|---|
PACS | A | 4.48% | |
MS | B | 4.47% | |
LBRDK | A | 4.44% | |
NEM | D | 4.42% | |
VIK | A | 4.39% | |
EXPE | B | 4.28% | |
EQIX | A | 4.25% | |
AHR | A | 4.24% | |
IDCC | A | 4.01% | |
ETN | B | 3.82% | |
SPGI | D | 3.81% | |
EQH | A | 3.78% | |
CRM | B | 3.73% | |
BAH | A | 3.73% | |
DVA | D | 3.71% | |
PGR | D | 3.63% | |
CRDO | B | 2.87% | |
VRNS | C | 2.61% | |
ULS | B | 2.59% | |
IR | B | 2.49% | |
DT | B | 2.49% | |
NMIH | D | 2.44% | |
ONON | C | 2.35% | |
COLL | F | 2.23% | |
TSM | B | 1.31% | |
TBBK | C | 1.28% | |
NOW | B | 1.27% | |
CDNA | D | 1.24% | |
SCCO | B | 1.22% | |
SN | C | 1.2% | |
TCOM | A | 1.14% | |
BEKE | A | 1.06% | |
ROAD | B | 0.45% | |
AXON | B | 0.43% | |
TPH | D | 0.42% | |
IBKR | A | 0.42% | |
CWAN | B | 0.42% | |
AVGO | B | 0.42% | |
ALKT | B | 0.42% | |
GMED | B | 0.41% | |
CORT | A | 0.41% | |
ACGL | D | 0.4% | |
PLMR | D | 0.39% | |
JD | A | 0.38% |
BOUT Underweight 94 Positions Relative to RNDV
Symbol | Grade | Weight | |
---|---|---|---|
IBM | C | -4.47% | |
GLW | A | -3.82% | |
HPQ | C | -3.64% | |
VZ | D | -3.47% | |
TXN | B | -3.46% | |
HPE | B | -2.94% | |
IPG | F | -2.34% | |
ACN | C | -2.3% | |
BMY | A | -2.18% | |
MCHP | F | -2.12% | |
ADI | C | -2.01% | |
QCOM | D | -1.94% | |
HAS | D | -1.91% | |
OMC | B | -1.76% | |
CMCSA | A | -1.76% | |
BBY | D | -1.72% | |
CVS | F | -1.38% | |
BEN | B | -1.36% | |
MDT | B | -1.29% | |
PRU | B | -1.25% | |
ABBV | A | -1.24% | |
NTRS | A | -1.18% | |
TROW | C | -1.17% | |
JNJ | D | -1.13% | |
MCD | C | -1.12% | |
MTB | B | -1.12% | |
HD | B | -1.08% | |
OKE | A | -1.08% | |
PFG | C | -1.07% | |
UPS | C | -1.01% | |
PM | A | -1.01% | |
MET | C | -0.97% | |
SWK | D | -0.95% | |
KVUE | A | -0.92% | |
K | A | -0.91% | |
CINF | B | -0.88% | |
LOW | B | -0.88% | |
APH | B | -0.88% | |
GPC | F | -0.86% | |
MSFT | D | -0.8% | |
CAG | D | -0.8% | |
NKE | F | -0.78% | |
DGX | A | -0.77% | |
CVX | C | -0.76% | |
CAH | D | -0.76% | |
PAYX | B | -0.75% | |
CME | A | -0.75% | |
AFL | C | -0.74% | |
KLAC | F | -0.74% | |
ABT | C | -0.73% | |
TRV | B | -0.71% | |
SNA | A | -0.68% | |
MRK | F | -0.67% | |
GIS | D | -0.66% | |
POOL | C | -0.65% | |
CHRW | C | -0.65% | |
AMCR | B | -0.64% | |
XOM | C | -0.64% | |
GRMN | B | -0.62% | |
HRL | F | -0.61% | |
EG | F | -0.59% | |
LMT | D | -0.58% | |
TSN | D | -0.57% | |
CMI | B | -0.57% | |
NSC | B | -0.57% | |
KMB | D | -0.57% | |
O | C | -0.55% | |
CTRA | B | -0.55% | |
FAST | A | -0.55% | |
EOG | D | -0.54% | |
ADP | A | -0.54% | |
UNH | D | -0.53% | |
BDX | D | -0.52% | |
ITW | A | -0.5% | |
LEN | D | -0.5% | |
CI | F | -0.5% | |
FMC | B | -0.49% | |
UNP | D | -0.44% | |
EMN | C | -0.42% | |
EVRG | C | -0.42% | |
LHX | A | -0.42% | |
ES | D | -0.42% | |
ETR | A | -0.41% | |
APD | B | -0.39% | |
PNW | D | -0.39% | |
FRT | D | -0.38% | |
EIX | D | -0.38% | |
MAA | D | -0.37% | |
CF | D | -0.36% | |
EMR | B | -0.36% | |
AEP | D | -0.33% | |
ESS | D | -0.32% | |
AVB | C | -0.3% | |
DLR | A | -0.29% |
BOUT: Top Represented Industries & Keywords
RNDV: Top Represented Industries & Keywords