DVOL vs. JEPI ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to JPMorgan Equity Premium Income ETF (JEPI)

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

$30.40

Average Daily Volume

2,835

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JEPI

JPMorgan Equity Premium Income ETF

JEPI Description

The investment seeks current income while maintaining prospects for capital appreciation. The fund seeks to provide the majority of the returns associated with its primary benchmark, the Standard & Poor's 500 Total Return Index (S&P 500 Index), while exposing investors to less risk through lower volatility and still offering incremental income. Under normal circumstances, the fund invests at least 80% of its assets in equity securities. It may also invest in other equity securities not included in the S&P 500 Index.

Grade (RS Rating)

Last Trade

$56.24

Average Daily Volume

2,744,728

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	JEPI
30 Days	0.65%	-0.50%
60 Days	0.69%	-1.39%
90 Days	1.36%	-1.70%
12 Months	17.84%	4.42%

14 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in JEPI	Overlap
AFL	B	1.77%	0.21%	0.21%
AME	D	2.61%	0.16%	0.16%
COST	A	2.84%	1.36%	1.36%
CTAS	A	2.24%	0.15%	0.15%
GWW	C	1.05%	0.19%	0.19%
MA	D	2.61%	1.47%	1.47%
MSI	A	2.95%	0.25%	0.25%
OTIS	B	2.64%	0.97%	0.97%
REGN	B	1.46%	1.38%	1.38%
TJX	A	3.29%	0.72%	0.72%
TRV	D	2.37%	1.23%	1.23%
V	D	2.94%	1.38%	1.38%
WELL	B	1.12%	0.14%	0.14%
WMT	A	3.4%	0.57%	0.57%

DVOL Overweight 34 Positions Relative to JEPI

Symbol	Grade	Weight
RSG	A	3.4%
MMC	A	3.11%
APH	B	3.08%
AJG	A	2.82%
JPM	B	2.71%
CW	C	2.69%
ORI	D	2.61%
WAB	D	2.48%
ITW	D	2.38%
MCK	B	2.15%
NDSN	D	2.15%
IBM	B	2.0%
DRI	D	1.98%
ORLY	C	1.77%
HLT	B	1.75%
PTC	B	1.72%
FAST	D	1.65%
PRI	C	1.55%
RGA	B	1.52%
CAH	D	1.38%
CHE	D	1.35%
AIG	C	1.35%
GRMN	D	1.35%
TDG	D	1.35%
PCAR	D	1.26%
HWM	C	1.16%
ENSG	B	1.12%
HCA	C	1.1%
CPRT	B	1.1%
KR	C	1.07%
VMC	D	1.01%
OKE	B	0.99%
AOS	D	0.97%
PKG	C	0.9%

DVOL Underweight 101 Positions Relative to JEPI

Symbol	Grade	Weight
AMZN	A	-1.76%
MSFT	A	-1.74%
META	B	-1.66%
TT	B	-1.65%
PGR	B	-1.64%
INTU	B	-1.56%
GOOGL	A	-1.56%
SO	B	-1.46%
ABBV	C	-1.42%
VRTX	A	-1.4%
XOM	D	-1.39%
HON	B	-1.38%
NOW	C	-1.37%
NXPI	B	-1.37%
KO	B	-1.31%
LOW	D	-1.29%
YUM	D	-1.26%
TXN	B	-1.26%
CMCSA	F	-1.24%
MDLZ	D	-1.23%
TMO	D	-1.22%
PEP	D	-1.22%
LIN	C	-1.19%
ETN	C	-1.18%
NVDA	B	-1.18%
UNH	D	-1.18%
ADI	B	-1.15%
LLY	A	-1.14%
MNST	D	-1.09%
PG	B	-1.08%
AZO	C	-1.04%
CME	D	-1.03%
NEE	D	-1.02%
EOG	D	-0.98%
UPS	F	-0.94%
PEG	A	-0.93%
ACN	D	-0.9%
MRK	D	-0.89%
SYK	C	-0.85%
ROST	B	-0.84%
CMG	D	-0.82%
CRM	D	-0.79%
COP	D	-0.78%
BMY	F	-0.78%
CTSH	C	-0.78%
BRK.A	D	-0.7%
SBAC	D	-0.69%
CSX	C	-0.69%
EQIX	C	-0.68%
AAPL	A	-0.68%
CHD	C	-0.67%
CPAY	D	-0.66%
PLD	C	-0.63%
DE	F	-0.63%
CMS	D	-0.59%
BKNG	A	-0.56%
CB	D	-0.54%
BSX	B	-0.54%
RTX	D	-0.53%
DOW	D	-0.52%
ASML	A	-0.52%
ABT	D	-0.52%
CDNS	B	-0.51%
ELV	C	-0.49%
AXP	C	-0.49%
TXT	D	-0.47%
AMP	C	-0.46%
STX	B	-0.42%
DHR	D	-0.42%
FDX	B	-0.41%
JKHY	C	-0.39%
PCG	D	-0.37%
USB	D	-0.36%
IR	C	-0.36%
SNPS	B	-0.33%
CARR	D	-0.33%
KEYS	D	-0.33%
URI	D	-0.31%
MDT	D	-0.3%
JNJ	F	-0.29%
MET	D	-0.29%
LDOS	B	-0.28%
ODFL	C	-0.28%
DOV	D	-0.27%
LYB	D	-0.27%
PM	A	-0.24%
BURL	B	-0.23%
AMT	B	-0.23%
MCD	F	-0.23%
ICE	A	-0.22%
UNP	D	-0.21%
KVUE	F	-0.19%
EMR	C	-0.18%
MO	B	-0.13%
D	C	-0.1%
DTE	D	-0.1%
NOC	D	-0.09%
VRSN	C	-0.09%
VLTO	D	-0.06%
CNC	D	-0.05%
MRVL	C	-0.04%