BTAL vs. FCTR ETF Comparison

Comparison of QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL) to First Trust Lunt U.S. Factor Rotation ETF (FCTR)

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.01

Average Daily Volume

445,126

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

FCTR

First Trust Lunt U.S. Factor Rotation ETF

FCTR 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 Lunt Capital Large Cap Factor Rotation 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 index is designed to provide exposure to U.S. large cap equities grouped into four separate factors, with factors emphasized within the index as they come into favor in the U.S. marketplace. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.76

Average Daily Volume

7,787

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

Performance

Period	BTAL	FCTR
30 Days	-4.57%	9.38%
60 Days	-3.16%	12.16%
90 Days	-3.70%	17.79%
12 Months	-6.81%	36.88%

67 Overlapping Holdings

Symbol	Grade	Weight in BTAL	Weight in FCTR	Overlap
ACGL	D	0.38%	0.84%	0.38%
ADP	B	0.46%	1.13%	0.46%
AEE	A	0.49%	0.45%	0.45%
ANET	C	-0.46%	1.29%	-0.46%
AVB	B	0.45%	0.43%	0.43%
AVGO	D	-0.45%	0.47%	-0.45%
AWK	D	-0.42%	0.37%	-0.42%
AXON	A	-0.74%	1.42%	-0.74%
BRO	B	0.47%	0.97%	0.47%
BX	A	-0.57%	0.35%	-0.57%
CARR	D	-0.45%	0.38%	-0.45%
CB	C	0.45%	0.24%	0.24%
CHD	B	0.47%	0.22%	0.22%
CMG	B	0.45%	0.22%	0.22%
CMS	C	0.44%	0.46%	0.44%
CRWD	B	-0.57%	0.66%	-0.57%
CSCO	B	0.49%	0.25%	0.25%
DASH	A	-0.59%	0.48%	-0.59%
DRI	B	0.46%	0.5%	0.46%
DUK	C	0.43%	0.49%	0.43%
ED	D	0.42%	0.42%	0.42%
EQR	B	0.44%	0.4%	0.4%
ERIE	D	0.38%	0.44%	0.38%
ETN	A	-0.52%	0.3%	-0.52%
GIS	D	0.38%	0.36%	0.36%
GLPI	C	0.42%	0.41%	0.41%
HON	B	0.47%	0.25%	0.25%
HOOD	B	-0.72%	0.84%	-0.72%
IDXX	F	-0.39%	0.32%	-0.39%
KKR	A	-0.55%	0.68%	-0.55%
KO	D	0.37%	0.52%	0.37%
LMT	D	0.38%	0.48%	0.38%
LNG	B	0.51%	0.5%	0.5%
LNT	A	0.46%	0.48%	0.46%
MCD	D	0.42%	0.66%	0.42%
MDB	C	-0.53%	0.41%	-0.53%
MMC	B	0.42%	0.55%	0.42%
MPWR	F	-0.24%	0.36%	-0.24%
MSFT	F	0.43%	0.37%	0.37%
MSI	B	0.51%	1.75%	0.51%
MSTR	C	1.19%	1.55%	1.19%
NET	B	-0.5%	0.55%	-0.5%
NOC	D	0.4%	0.44%	0.4%
NVDA	C	-0.48%	0.78%	-0.48%
O	D	0.39%	0.41%	0.39%
ORLY	B	0.5%	0.45%	0.45%
PAYX	C	0.47%	1.49%	0.47%
PCAR	B	0.51%	0.2%	0.2%
PGR	A	0.45%	0.5%	0.45%
PLTR	B	-0.87%	2.35%	-0.87%
PWR	A	-0.51%	0.36%	-0.51%
RBLX	C	-0.51%	0.52%	-0.51%
RIVN	F	-0.3%	0.34%	-0.3%
ROP	B	0.45%	0.43%	0.43%
RSG	A	0.43%	0.24%	0.24%
TJX	A	0.43%	0.6%	0.43%
TOL	B	-0.47%	0.53%	-0.47%
TT	A	-0.51%	0.82%	-0.51%
TTD	B	-0.5%	0.62%	-0.5%
URI	B	-0.52%	0.43%	-0.52%
VICI	C	0.42%	0.61%	0.42%
VRSN	F	0.43%	0.88%	0.43%
VST	B	-0.76%	1.72%	-0.76%
WEC	A	0.46%	0.47%	0.46%
WM	A	0.45%	0.23%	0.23%
YUM	B	0.43%	0.96%	0.43%
ZS	C	-0.46%	0.55%	-0.46%

BTAL Overweight 325 Positions Relative to FCTR

Symbol	Grade	Weight
BILL	A	0.68%
IBKR	A	0.62%
SFM	A	0.6%
LPLA	A	0.59%
PAYC	B	0.59%
HQY	B	0.58%
UNM	A	0.57%
ALSN	B	0.56%
KMI	A	0.56%
CFLT	B	0.56%
SNA	A	0.55%
NWL	B	0.54%
BKR	B	0.53%
PCTY	B	0.53%
MKL	A	0.53%
WH	B	0.53%
BWXT	B	0.53%
TGNA	B	0.53%
TRV	B	0.52%
FFIV	B	0.52%
FTNT	C	0.52%
TXRH	C	0.51%
RLI	B	0.51%
MCK	B	0.51%
THG	A	0.51%
BMY	B	0.51%
WELL	A	0.5%
CHH	A	0.5%
XEL	A	0.5%
PNM	F	0.5%
T	A	0.5%
CINF	A	0.49%
G	B	0.49%
TMUS	B	0.49%
PKG	A	0.49%
GILD	C	0.49%
ALL	A	0.48%
VFC	C	0.48%
SIGI	C	0.48%
FOXA	B	0.48%
RGA	A	0.48%
VTRS	A	0.48%
LULU	C	0.48%
AIZ	A	0.48%
AXS	A	0.48%
TDY	B	0.48%
SBRA	C	0.47%
DBX	B	0.47%
GLW	B	0.47%
CME	A	0.47%
AON	A	0.47%
HEI	B	0.47%
KR	B	0.47%
CW	B	0.47%
RYAN	B	0.47%
EDR	A	0.46%
WEN	D	0.46%
SLGN	A	0.46%
RNR	C	0.46%
CF	B	0.46%
ORI	A	0.46%
UTHR	C	0.45%
WRB	A	0.45%
CSX	B	0.45%
REG	B	0.45%
ARMK	B	0.45%
IBM	C	0.45%
HIG	B	0.45%
COR	B	0.45%
ADC	B	0.45%
DGX	A	0.45%
WTW	B	0.45%
HPQ	B	0.45%
L	A	0.45%
PNW	B	0.45%
CHRW	C	0.45%
XOM	B	0.44%
JAZZ	B	0.44%
ACN	C	0.44%
DECK	A	0.44%
BWA	D	0.44%
CDP	C	0.44%
VZ	C	0.44%
NEU	C	0.44%
CBOE	B	0.43%
DOX	D	0.43%
UNH	C	0.43%
DLB	B	0.43%
CLH	B	0.43%
ZI	D	0.43%
CTSH	B	0.43%
MUSA	A	0.43%
DD	D	0.43%
RTX	C	0.43%
X	C	0.43%
OHI	C	0.43%
ELS	C	0.43%
CCK	C	0.43%
MSM	C	0.43%
COLM	B	0.43%
FLO	D	0.42%
AVT	C	0.42%
JNJ	D	0.42%
CACI	D	0.42%
CXT	B	0.42%
EG	C	0.42%
HRB	D	0.41%
J	F	0.41%
WPC	D	0.41%
SNX	C	0.41%
MKC	D	0.41%
OLLI	D	0.41%
GD	F	0.41%
PAG	B	0.41%
BG	F	0.4%
SAIC	F	0.4%
CI	F	0.4%
CHE	D	0.4%
MSA	D	0.4%
TXT	D	0.4%
ASGN	F	0.39%
WTM	A	0.39%
AMCR	D	0.39%
JNPR	F	0.39%
FANG	D	0.39%
KHC	F	0.38%
CPB	D	0.38%
ON	D	0.38%
OXY	D	0.38%
MOS	F	0.38%
FCN	D	0.38%
FMC	D	0.37%
MAN	D	0.37%
KBR	F	0.37%
ARW	D	0.37%
GPC	D	0.37%
TNET	D	0.37%
PFE	D	0.37%
DVN	F	0.37%
AMGN	D	0.37%
MUR	D	0.37%
ST	F	0.36%
ABBV	D	0.36%
MOH	F	0.36%
AKAM	D	0.36%
NEM	D	0.35%
MTCH	D	0.35%
FOXF	F	0.35%
HUM	C	0.34%
AZO	C	0.33%
ELV	F	0.33%
MDU	D	0.32%
CNC	D	0.32%
SRPT	D	0.32%
BMRN	D	0.29%
AGL	F	0.16%
SMCI	F	-0.18%
SEDG	F	-0.19%
RUN	F	-0.21%
MRNA	F	-0.22%
CNXC	F	-0.23%
ENPH	F	-0.23%
CE	F	-0.24%
WOLF	F	-0.25%
TXG	F	-0.26%
NTLA	F	-0.27%
RKT	F	-0.29%
CELH	F	-0.29%
OPEN	D	-0.3%
EL	F	-0.31%
TER	D	-0.33%
BRZE	C	-0.33%
COTY	F	-0.33%
AMKR	D	-0.34%
ELF	C	-0.35%
EFX	F	-0.35%
SHLS	F	-0.35%
ARWR	F	-0.35%
AES	F	-0.35%
LRCX	F	-0.36%
TFX	F	-0.36%
DKS	C	-0.37%
WMS	D	-0.37%
RGEN	D	-0.37%
ALLY	C	-0.37%
NVCR	C	-0.38%
RIG	D	-0.38%
CNM	D	-0.38%
DINO	D	-0.39%
PLD	D	-0.39%
KSS	F	-0.39%
ELAN	D	-0.39%
PINS	D	-0.4%
WBA	F	-0.4%
ARE	D	-0.4%
FND	C	-0.4%
MKSI	C	-0.4%
AMD	F	-0.4%
BLD	D	-0.4%
KMX	B	-0.4%
FBIN	D	-0.41%
ROIV	C	-0.41%
AGNC	D	-0.41%
W	F	-0.41%
POWI	D	-0.41%
CRL	C	-0.41%
DNLI	D	-0.42%
CHX	C	-0.42%
FCX	D	-0.42%
CZR	F	-0.42%
UBER	D	-0.42%
CWEN	C	-0.42%
CSGP	D	-0.42%
MU	D	-0.43%
ILMN	D	-0.43%
CC	C	-0.43%
CRSP	D	-0.43%
MGM	D	-0.43%
ALGN	D	-0.43%
PATH	C	-0.43%
SSD	D	-0.43%
SEE	C	-0.44%
THO	B	-0.44%
BLDR	D	-0.44%
F	C	-0.44%
TRU	D	-0.44%
EW	C	-0.44%
UGI	A	-0.44%
RYN	D	-0.44%
APG	B	-0.44%
BBWI	D	-0.44%
TGT	F	-0.44%
TREX	C	-0.45%
NWE	B	-0.45%
D	C	-0.45%
DAR	C	-0.45%
MTDR	B	-0.45%
RMD	C	-0.45%
OC	A	-0.46%
SMG	D	-0.46%
VEEV	C	-0.46%
BXP	D	-0.46%
LAMR	D	-0.46%
KRC	C	-0.46%
JLL	D	-0.46%
PENN	C	-0.46%
ROKU	D	-0.47%
HHH	B	-0.47%
SHW	A	-0.47%
TROW	B	-0.48%
LNC	B	-0.48%
AXTA	A	-0.49%
OZK	B	-0.49%
USFD	A	-0.49%
PFGC	B	-0.49%
ITT	A	-0.49%
NRG	B	-0.49%
WAL	B	-0.49%
GH	B	-0.49%
SNAP	C	-0.49%
USB	A	-0.49%
CFG	B	-0.49%
NVT	B	-0.49%
RF	A	-0.5%
CAR	C	-0.51%
RMBS	C	-0.51%
GNRC	B	-0.51%
CBRE	B	-0.51%
RRC	B	-0.51%
LPX	B	-0.52%
CEG	D	-0.52%
COHR	B	-0.52%
PEN	B	-0.52%
IOT	A	-0.52%
VNO	B	-0.52%
PYPL	B	-0.52%
ALB	C	-0.52%
DELL	C	-0.53%
ZION	B	-0.53%
AR	B	-0.53%
JHG	A	-0.53%
EXP	A	-0.53%
RH	B	-0.53%
FYBR	D	-0.53%
DKNG	B	-0.53%
INTC	D	-0.54%
SNV	B	-0.54%
BLK	C	-0.54%
FOUR	B	-0.54%
NTRS	A	-0.54%
XPO	B	-0.54%
CMA	A	-0.54%
CG	A	-0.55%
PNFP	B	-0.55%
WCC	B	-0.55%
AA	B	-0.56%
SCHW	B	-0.56%
DAY	B	-0.56%
Z	A	-0.56%
GME	C	-0.56%
EXPE	B	-0.56%
MRVL	B	-0.56%
TDOC	C	-0.56%
NTRA	B	-0.56%
GTLS	B	-0.58%
OWL	A	-0.58%
TPG	A	-0.58%
EQT	B	-0.59%
PODD	C	-0.59%
SAIA	B	-0.59%
SQ	B	-0.6%
LYV	A	-0.62%
LITE	B	-0.62%
DUOL	A	-0.63%
CCL	B	-0.63%
LYFT	C	-0.65%
VRT	B	-0.67%
CVNA	B	-0.68%
DAL	C	-0.68%
PTON	B	-0.69%
TSLA	B	-0.7%
TOST	B	-0.71%
COIN	C	-0.71%
SOFI	A	-0.79%
AFRM	B	-0.84%

BTAL Underweight 98 Positions Relative to FCTR

Symbol	Grade	Weight
APP	B	-3.4%
FICO	B	-1.54%
MA	C	-1.41%
BR	A	-1.39%
SYK	C	-1.37%
V	A	-1.36%
CTAS	B	-1.08%
TDG	D	-1.04%
APO	B	-1.04%
ARES	A	-1.03%
LDOS	C	-0.99%
CL	D	-0.98%
VRSK	A	-0.94%
ROL	B	-0.93%
FDS	B	-0.92%
ISRG	A	-0.91%
FI	A	-0.91%
THC	D	-0.88%
ITW	B	-0.86%
SYY	B	-0.81%
LLY	F	-0.79%
ICE	C	-0.78%
EME	C	-0.77%
HWM	A	-0.76%
TPL	A	-0.73%
MANH	D	-0.73%
TRGP	B	-0.7%
AAPL	C	-0.65%
PH	A	-0.63%
IRM	D	-0.6%
RCL	A	-0.57%
HUBS	A	-0.56%
NI	A	-0.54%
SBAC	D	-0.54%
CDNS	B	-0.53%
FAST	B	-0.53%
NOW	A	-0.52%
PANW	C	-0.51%
PG	A	-0.51%
DDOG	A	-0.51%
ORCL	B	-0.51%
PPL	B	-0.5%
TTWO	A	-0.5%
ETR	B	-0.5%
MSCI	C	-0.5%
SNOW	C	-0.49%
SRE	A	-0.49%
FE	C	-0.49%
ROST	C	-0.48%
ALNY	D	-0.47%
BSX	B	-0.47%
META	D	-0.47%
SPGI	C	-0.47%
DPZ	C	-0.46%
SNPS	B	-0.45%
KDP	D	-0.44%
NFLX	A	-0.44%
SO	D	-0.44%
EIX	B	-0.42%
ADSK	A	-0.42%
PHM	D	-0.42%
BDX	F	-0.41%
MDT	D	-0.41%
AFL	B	-0.41%
PPG	F	-0.41%
BSY	D	-0.4%
MCO	B	-0.4%
DTE	C	-0.4%
INTU	C	-0.4%
VRTX	F	-0.4%
ADBE	C	-0.39%
LW	C	-0.39%
AEP	D	-0.39%
EXC	C	-0.39%
DXCM	D	-0.39%
KMB	D	-0.38%
LII	A	-0.37%
NVR	D	-0.36%
OKE	A	-0.35%
CSL	C	-0.35%
HCA	F	-0.35%
DHI	D	-0.34%
KLAC	D	-0.34%
COST	B	-0.34%
AMT	D	-0.33%
PSA	D	-0.33%
BKNG	A	-0.3%
FCNCA	A	-0.3%
GWW	B	-0.29%
ATO	A	-0.27%
CPAY	A	-0.26%
BRK.A	B	-0.24%
AME	A	-0.23%
MDLZ	F	-0.2%
MNST	C	-0.2%
PEP	F	-0.2%
HSY	F	-0.19%
LECO	B	-0.18%