FEX vs. SEF ETF Comparison

Comparison of First Trust Large Cap Core AlphaDEX (FEX) to ProShares Short Financials (SEF)

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Defined Large Cap Core Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P 500(R) Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$104.42

Average Daily Volume

22,388

Number of Holdings ^*

371

* may have additional holdings in another (foreign) market

SEF

ProShares Short Financials

SEF Description

The investment seeks daily investment results, before fees and expenses, that correspond to the inverse (-1x) of the daily performance of the Dow Jones U.S. FinancialsSM Index. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index measures the performance of the financial services sector of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$9.47

Average Daily Volume

72,662

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FEX	SEF
30 Days	4.16%	-0.14%
60 Days	11.22%	-9.58%
90 Days	8.32%	-7.75%
12 Months	32.85%	-24.02%

56 Overlapping Holdings

Symbol	Grade	Weight in FEX	Weight in SEF	Overlap
ACGL	A	0.47%	0.31%	0.31%
AFL	A	0.42%	0.66%	0.42%
AIG	C	0.32%	0.77%	0.32%
AJG	C	0.27%	0.3%	0.27%
ARE	D	0.17%	0.32%	0.17%
AVB	C	0.18%	0.51%	0.18%
AXP	A	0.1%	1.49%	0.1%
BAC	B	0.25%	4.46%	0.25%
BK	A	0.49%	0.65%	0.49%
BRK.A	B	0.47%	7.56%	0.47%
C	B	0.24%	2.98%	0.24%
CB	A	0.38%	1.17%	0.38%
CBRE	C	0.23%	0.34%	0.23%
CFG	C	0.37%	0.3%	0.3%
CINF	A	0.48%	0.27%	0.27%
COF	A	0.35%	0.81%	0.35%
DLR	C	0.17%	0.44%	0.17%
EG	A	0.43%	0.19%	0.19%
EQR	C	0.27%	0.48%	0.27%
ESS	D	0.18%	0.34%	0.18%
FITB	C	0.29%	0.35%	0.29%
FNF	C	0.31%	0.22%	0.22%
GS	B	0.27%	1.34%	0.27%
HBAN	B	0.36%	0.26%	0.26%
HIG	A	0.39%	0.37%	0.37%
INVH	D	0.08%	0.28%	0.08%
JPM	C	0.43%	7.27%	0.43%
KEY	B	0.19%	0.32%	0.19%
L	C	0.35%	0.23%	0.23%
MA	A	0.09%	4.83%	0.09%
MAA	D	0.18%	0.26%	0.18%
MCO	D	0.19%	0.7%	0.19%
MKL	B	0.41%	0.28%	0.28%
MMC	D	0.18%	0.97%	0.18%
MS	A	0.18%	1.19%	0.18%
MTB	A	0.38%	0.36%	0.36%
NTRS	B	0.26%	0.39%	0.26%
PFG	A	0.18%	0.25%	0.18%
PGR	B	0.1%	0.75%	0.1%
PNC	C	0.29%	1.13%	0.29%
PRU	B	0.08%	0.66%	0.08%
RF	B	0.37%	0.27%	0.27%
RJF	B	0.17%	0.2%	0.17%
SPG	A	0.09%	0.76%	0.09%
SPGI	C	0.1%	1.22%	0.1%
STT	A	0.29%	0.5%	0.29%
SYF	A	0.44%	0.36%	0.36%
TROW	D	0.39%	0.52%	0.39%
TRV	B	0.29%	0.61%	0.29%
USB	C	0.28%	1.32%	0.28%
VTR	C	0.2%	0.37%	0.2%
WELL	C	0.2%	0.59%	0.2%
WFC	B	0.31%	3.19%	0.31%
WPC	C	0.37%	0.24%	0.24%
WRB	C	0.18%	0.17%	0.17%
WY	C	0.3%	0.39%	0.3%

FEX Overweight 315 Positions Relative to SEF

Symbol	Grade	Weight
VST	A	0.61%
DHI	C	0.56%
IRM	B	0.55%
HWM	A	0.54%
ETR	A	0.52%
LEN	C	0.52%
KKR	A	0.52%
FOXA	B	0.51%
EBAY	A	0.5%
GE	B	0.49%
PWR	A	0.49%
TT	A	0.49%
VRT	B	0.49%
HEI	C	0.49%
CF	A	0.49%
UAL	A	0.48%
WAB	A	0.48%
T	B	0.48%
APO	A	0.47%
CTSH	B	0.47%
META	A	0.47%
RCL	B	0.46%
GDDY	B	0.46%
ANET	A	0.46%
SNA	C	0.46%
FCNCA	D	0.45%
BAH	C	0.44%
STX	C	0.44%
CVS	D	0.44%
CMCSA	B	0.44%
XOM	A	0.44%
GRMN	D	0.44%
TJX	D	0.44%
CEG	A	0.44%
COST	C	0.43%
FICO	C	0.43%
CE	D	0.42%
RS	D	0.42%
GPN	F	0.42%
EOG	B	0.42%
XEL	C	0.41%
DECK	B	0.41%
WEC	B	0.41%
AEE	A	0.41%
LLY	D	0.41%
STLD	C	0.41%
OC	C	0.41%
EQT	C	0.41%
APTV	D	0.41%
PSX	D	0.4%
MPC	D	0.4%
ATO	A	0.4%
NTAP	D	0.4%
NUE	D	0.4%
NVDA	B	0.4%
GM	D	0.4%
COP	D	0.4%
CVX	B	0.4%
HPE	B	0.4%
ADM	F	0.4%
DTE	B	0.39%
AEP	C	0.39%
MSI	A	0.39%
ED	C	0.39%
BRO	A	0.39%
UHAL	C	0.39%
EXC	C	0.39%
LKQ	F	0.39%
TDG	A	0.38%
DGX	D	0.38%
FANG	D	0.38%
BG	F	0.38%
GOOGL	B	0.38%
PCG	C	0.38%
CTRA	D	0.38%
KMI	A	0.38%
HAL	D	0.37%
LII	C	0.37%
CSCO	A	0.37%
PLTR	A	0.37%
DE	C	0.37%
INCY	B	0.37%
ERIE	A	0.37%
KR	C	0.37%
WBD	F	0.36%
VTRS	D	0.36%
GEN	A	0.36%
VLO	F	0.36%
VZ	C	0.36%
SJM	D	0.36%
JBL	C	0.36%
ISRG	C	0.36%
CNC	F	0.36%
SRE	C	0.36%
BSX	A	0.36%
BKNG	B	0.35%
ETN	B	0.35%
CL	D	0.35%
NFLX	A	0.35%
DOV	C	0.35%
LNG	A	0.35%
CAG	D	0.35%
OXY	D	0.35%
HLT	A	0.35%
AVGO	B	0.35%
KHC	F	0.35%
DVN	F	0.35%
IPG	D	0.35%
DAL	C	0.34%
AMGN	D	0.34%
LPLA	D	0.34%
PANW	B	0.33%
MMM	C	0.33%
LYB	B	0.33%
PYPL	A	0.33%
AMZN	C	0.32%
CRBG	B	0.32%
ZBH	F	0.32%
PHM	C	0.32%
CMG	C	0.31%
APH	D	0.31%
URI	C	0.31%
PEG	A	0.31%
CCL	C	0.31%
BEN	F	0.3%
FDX	F	0.3%
ORCL	A	0.3%
D	A	0.3%
CMS	A	0.3%
NEE	C	0.3%
SWKS	F	0.3%
EIX	C	0.3%
CRWD	D	0.3%
OKE	A	0.29%
FE	C	0.29%
GIS	C	0.29%
TYL	D	0.29%
DUK	C	0.29%
PKG	B	0.29%
CTAS	C	0.29%
SSNC	C	0.29%
KIM	C	0.29%
TMUS	A	0.29%
BBY	C	0.29%
CAT	A	0.29%
KDP	C	0.28%
F	D	0.28%
MPWR	B	0.28%
NOW	B	0.28%
APD	C	0.28%
AMAT	C	0.28%
TDY	A	0.28%
ZM	B	0.28%
ECL	C	0.27%
DPZ	D	0.27%
CSL	A	0.27%
IR	A	0.27%
CHTR	D	0.27%
JNJ	D	0.27%
MAR	A	0.26%
RSG	D	0.26%
DOW	B	0.26%
NTNX	C	0.26%
ROL	C	0.26%
LUV	B	0.26%
HRL	F	0.26%
PSTG	F	0.26%
FSLR	C	0.26%
AZO	D	0.26%
EPAM	F	0.26%
JBHT	D	0.26%
HSY	D	0.26%
BKR	B	0.26%
CPB	D	0.26%
VRTX	D	0.25%
XYL	C	0.25%
UBER	C	0.25%
GPC	D	0.25%
PINS	D	0.25%
TXT	F	0.25%
TGT	C	0.25%
ROST	D	0.25%
LRCX	D	0.25%
INTC	D	0.24%
CNP	B	0.24%
WM	B	0.24%
AXON	A	0.23%
KLAC	B	0.23%
NXPI	F	0.22%
DDOG	B	0.22%
PH	A	0.21%
KVUE	C	0.21%
SNPS	F	0.21%
HCA	C	0.21%
LMT	A	0.21%
PM	D	0.2%
ARES	A	0.2%
LYV	A	0.2%
LOW	C	0.2%
KO	C	0.19%
MOH	F	0.19%
ALNY	C	0.19%
WMB	A	0.19%
MANH	A	0.19%
AWK	D	0.19%
MDT	C	0.19%
OMC	C	0.19%
GWW	B	0.19%
JCI	C	0.19%
EXPE	B	0.19%
CMI	A	0.19%
WSO	C	0.18%
MTD	C	0.18%
AAPL	C	0.18%
BR	B	0.18%
OTIS	A	0.18%
LHX	A	0.18%
ORLY	A	0.18%
NKE	D	0.18%
MDLZ	D	0.18%
MO	D	0.18%
TTD	A	0.18%
VRSK	D	0.17%
CHD	D	0.17%
WLK	C	0.17%
CI	D	0.17%
PPG	D	0.17%
SYK	C	0.17%
GD	C	0.17%
MSFT	D	0.16%
PCAR	D	0.16%
J	F	0.16%
UPS	D	0.16%
ROP	D	0.16%
DKNG	C	0.16%
REGN	D	0.16%
MGM	D	0.15%
INTU	F	0.15%
ELV	F	0.15%
BIIB	F	0.14%
QCOM	D	0.14%
CDNS	D	0.14%
OKTA	F	0.13%
RIVN	F	0.13%
K	B	0.12%
TRU	C	0.12%
NVR	C	0.11%
IBM	A	0.11%
SNAP	D	0.11%
HUM	F	0.11%
NSC	C	0.1%
PODD	C	0.1%
CPNG	C	0.1%
GLW	C	0.1%
MKC	C	0.1%
GEHC	C	0.1%
HUBB	A	0.1%
SO	A	0.1%
RPM	A	0.1%
WMT	A	0.1%
ADP	A	0.1%
TRGP	A	0.1%
RVTY	C	0.1%
PPL	C	0.1%
POOL	D	0.1%
FI	A	0.1%
RTX	A	0.1%
NOC	B	0.1%
DG	F	0.1%
RMD	C	0.1%
KMB	D	0.09%
BDX	C	0.09%
AMH	D	0.09%
SMCI	F	0.09%
EA	D	0.09%
MRVL	C	0.09%
TSN	D	0.09%
PG	D	0.09%
TXN	C	0.09%
FCX	B	0.09%
STE	D	0.09%
HOLX	D	0.09%
DRI	C	0.09%
BAX	D	0.09%
SYY	D	0.09%
LIN	C	0.09%
CTVA	A	0.09%
CRM	B	0.09%
ADSK	B	0.09%
ABT	C	0.09%
DD	C	0.09%
TSCO	A	0.09%
TMO	D	0.09%
IT	A	0.09%
ADBE	F	0.08%
EL	D	0.08%
NWSA	D	0.08%
HON	C	0.08%
NET	D	0.08%
MLM	F	0.08%
VMC	D	0.08%
CPRT	B	0.08%
TTWO	D	0.08%
PTC	B	0.08%
AMD	C	0.08%
STZ	D	0.08%
ADI	B	0.08%
HPQ	B	0.08%
EXPD	D	0.08%
NBIX	F	0.07%
ENTG	D	0.07%
BA	F	0.07%
HUBS	D	0.07%
ZS	F	0.07%
EW	F	0.06%

FEX Underweight 41 Positions Relative to SEF

Symbol	Grade	Weight
V	B	-5.88%
AMT	D	-1.74%
TFC	D	-1.27%
CME	A	-1.25%
BLK	A	-1.06%
CCI	D	-1.02%
PLD	D	-1.0%
SCHW	D	-0.93%
ICE	A	-0.91%
EQIX	C	-0.84%
AON	A	-0.83%
MET	A	-0.69%
BX	C	-0.67%
ALL	A	-0.64%
PSA	C	-0.56%
SBAC	C	-0.48%
WTW	C	-0.44%
DFS	A	-0.44%
O	C	-0.42%
MSCI	B	-0.4%
CSGP	F	-0.4%
AMP	A	-0.37%
BXP	B	-0.34%
DOC	C	-0.3%
MKTX	B	-0.24%
SUI	D	-0.24%
EXR	D	-0.24%
NLY	C	-0.23%
UDR	C	-0.23%
HST	D	-0.22%
ELS	D	-0.22%
NDAQ	C	-0.21%
LNC	B	-0.2%
MPW	C	-0.19%
ALLY	F	-0.19%
EQH	B	-0.19%
GL	C	-0.18%
FDS	C	-0.18%
REG	C	-0.18%
VNO	B	-0.18%
CPT	C	-0.18%