DVOL vs. FLQL ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to Franklin LibertyQ U.S. Equity ETF (FLQL)

DVOL

First Trust Dorsey Wright Momentum & Low Volatility ETF

DVOL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus Low Volatility Index (the "index"). Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is a rules-based equity index designed to track the overall performance of the 50 stocks comprising the NASDAQ US Large Mid Index that exhibit the lowest levels of volatility while still maintaining high levels of "relative strength." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.26

Average Daily Volume

3,466

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLQL

Franklin LibertyQ U.S. Equity ETF

FLQL Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Large Cap Equity Index (the U.S. Large Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Large Cap underlying index. The U.S. Large Cap underlying index is based on the Russell 1000® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$59.85

Average Daily Volume

76,630

Number of Holdings ^*

210

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	FLQL
30 Days	5.98%	2.44%
60 Days	9.31%	3.55%
90 Days	12.19%	4.50%
12 Months	36.44%	31.26%

24 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in FLQL	Overlap
AFL	B	1.53%	0.23%	0.23%
CACI	D	2.23%	0.09%	0.09%
CB	C	2.55%	0.56%	0.56%
COST	B	1.69%	1.7%	1.69%
CTAS	B	2.59%	0.46%	0.46%
CW	B	1.56%	0.11%	0.11%
DTM	B	3.1%	0.12%	0.12%
EHC	B	1.6%	0.1%	0.1%
GWW	B	1.47%	0.38%	0.38%
HLT	A	2.33%	0.33%	0.33%
INGR	B	2.63%	0.1%	0.1%
JPM	A	1.99%	1.23%	1.23%
MA	C	2.74%	1.79%	1.79%
MSFT	F	1.68%	5.96%	1.68%
MSI	B	2.8%	0.58%	0.58%
MTG	C	0.95%	0.09%	0.09%
PKG	A	2.12%	0.15%	0.15%
RGA	A	1.01%	0.11%	0.11%
RSG	A	3.18%	0.31%	0.31%
RTX	C	2.28%	0.5%	0.5%
TJX	A	2.71%	0.95%	0.95%
TMUS	B	3.35%	0.59%	0.59%
WAB	B	1.42%	0.17%	0.17%
WMT	A	2.49%	1.68%	1.68%

DVOL Overweight 26 Positions Relative to FLQL

Symbol	Grade	Weight
KMI	A	3.16%
V	A	3.05%
FI	A	3.01%
WMB	A	2.96%
MMC	B	2.87%
WELL	A	2.69%
LIN	D	2.68%
OKE	A	2.44%
NOC	D	2.33%
AMP	A	2.26%
BRO	B	2.19%
AM	A	1.79%
HEI	B	1.46%
AIG	B	1.41%
CAH	B	1.29%
ALL	A	1.27%
TRV	B	1.24%
ENSG	D	1.24%
HLI	B	1.23%
PTC	A	1.21%
PGR	A	1.08%
BRX	A	1.08%
SF	B	1.06%
TW	A	1.03%
WRB	A	0.98%
TDG	D	0.85%

DVOL Underweight 186 Positions Relative to FLQL

Symbol	Grade	Weight
AAPL	C	-7.0%
NVDA	C	-6.71%
AMZN	C	-2.92%
META	D	-2.48%
GOOGL	C	-2.04%
AVGO	D	-1.77%
GOOG	C	-1.73%
JNJ	D	-1.55%
ABBV	D	-1.33%
IBM	C	-1.31%
LLY	F	-1.31%
ISRG	A	-1.3%
CAT	B	-1.27%
VZ	C	-1.24%
TXN	C	-1.24%
QCOM	F	-1.22%
MRK	F	-1.21%
BKNG	A	-1.19%
TSLA	B	-1.13%
BRK.A	B	-1.11%
T	A	-1.07%
AMGN	D	-1.05%
C	A	-0.97%
AMAT	F	-0.96%
SYK	C	-0.94%
VRTX	F	-0.92%
ORCL	B	-0.88%
MO	A	-0.85%
BSX	B	-0.84%
ANET	C	-0.77%
PM	B	-0.71%
WM	A	-0.67%
KLAC	D	-0.67%
LRCX	F	-0.66%
TT	A	-0.65%
XOM	B	-0.63%
GS	A	-0.6%
APH	A	-0.6%
REGN	F	-0.59%
CMG	B	-0.57%
CI	F	-0.56%
MCO	B	-0.56%
PH	A	-0.52%
UNH	C	-0.52%
CL	D	-0.52%
HCA	F	-0.49%
SPG	B	-0.46%
PCAR	B	-0.44%
APP	B	-0.42%
LMT	D	-0.4%
GD	F	-0.39%
PSA	D	-0.38%
URI	B	-0.38%
DHI	D	-0.36%
GM	B	-0.35%
FAST	B	-0.33%
ADI	D	-0.32%
LEN	D	-0.3%
HPQ	B	-0.29%
SO	D	-0.29%
ELV	F	-0.28%
ACGL	D	-0.26%
CMI	A	-0.26%
HWM	A	-0.25%
GRMN	B	-0.25%
CTSH	B	-0.24%
MCHP	D	-0.23%
SPOT	B	-0.22%
PHM	D	-0.22%
PEG	A	-0.22%
DECK	A	-0.22%
SYF	B	-0.21%
HPE	B	-0.21%
NTAP	C	-0.21%
DAL	C	-0.2%
FANG	D	-0.2%
DELL	C	-0.19%
HIG	B	-0.19%
GLW	B	-0.19%
NVR	D	-0.19%
IRM	D	-0.18%
LDOS	C	-0.17%
FICO	B	-0.17%
EBAY	D	-0.17%
RCL	A	-0.17%
LYB	F	-0.16%
TPL	A	-0.16%
ETR	B	-0.16%
STLD	B	-0.16%
LII	A	-0.15%
CSL	C	-0.15%
TSCO	D	-0.15%
O	D	-0.15%
WSM	B	-0.15%
KMB	D	-0.14%
WSO	A	-0.13%
OC	A	-0.13%
TOL	B	-0.13%
RMD	C	-0.13%
CFG	B	-0.13%
IP	B	-0.13%
TNL	A	-0.12%
NRG	B	-0.12%
EME	C	-0.12%
AWI	A	-0.12%
RL	B	-0.12%
JEF	A	-0.12%
MAS	D	-0.12%
AYI	B	-0.12%
EVR	B	-0.12%
UTHR	C	-0.12%
FIX	A	-0.12%
ALSN	B	-0.12%
AXS	A	-0.11%
LNC	B	-0.11%
BJ	A	-0.11%
MUSA	A	-0.11%
FOXA	B	-0.11%
EXR	D	-0.11%
PPC	C	-0.11%
FOX	A	-0.11%
DPZ	C	-0.11%
R	B	-0.11%
LOPE	B	-0.11%
CASY	A	-0.11%
G	B	-0.11%
CF	B	-0.11%
ESS	B	-0.11%
TXRH	C	-0.11%
JHG	A	-0.11%
THC	D	-0.11%
BBY	D	-0.11%
UGI	A	-0.1%
OHI	C	-0.1%
ROL	B	-0.1%
SCCO	F	-0.1%
K	A	-0.1%
EMN	D	-0.1%
DGX	A	-0.1%
CLH	B	-0.1%
LAMR	D	-0.1%
UHS	D	-0.1%
AVB	B	-0.1%
NFG	A	-0.1%
DVA	B	-0.1%
ADC	B	-0.1%
DKS	C	-0.1%
VICI	C	-0.1%
KRC	C	-0.1%
KEX	C	-0.1%
RGLD	C	-0.1%
CHRW	C	-0.1%
CUZ	B	-0.1%
AMCR	D	-0.09%
WU	D	-0.09%
JNPR	F	-0.09%
NNN	D	-0.09%
MPWR	F	-0.09%
EPR	D	-0.09%
PK	B	-0.09%
SNX	C	-0.09%
NEU	C	-0.09%
GAP	C	-0.09%
GPK	C	-0.09%
CHE	D	-0.09%
LEN	D	-0.09%
HRB	D	-0.09%
GLPI	C	-0.09%
AVT	C	-0.09%
OMC	C	-0.09%
SWKS	F	-0.09%
M	D	-0.09%
SSNC	B	-0.09%
HIW	D	-0.09%
APA	D	-0.08%
CRI	D	-0.08%
WING	D	-0.08%
COKE	C	-0.08%
CIVI	D	-0.08%
MEDP	D	-0.08%
DVN	F	-0.08%
TER	D	-0.08%
CROX	D	-0.07%
OGN	D	-0.07%
CRUS	D	-0.07%
MDU	D	-0.07%