FIW vs. XHE ETF Comparison

Comparison of First Trust ISE Water Index Fund (FIW) to SPDR S&P Health Care Equipment (XHE)

FIW

First Trust ISE Water Index Fund

FIW 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 ISE Water Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified market-capitalization weighted portfolio of 36 stocks of companies as of March 31, 2013 that derive a substantial portion of their revenues from the potable and wastewater industries. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$108.60

Average Daily Volume

35,814

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XHE

SPDR S&P Health Care Equipment

XHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the health care equipment and supplies segment of a U.S. total market composite index. In seeking to track the performance of the S&P Health Care Equipment Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the health care equipment industry group of the S&P Total Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$90.83

Average Daily Volume

9,057

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FIW	XHE
30 Days	-0.89%	2.45%
60 Days	-0.18%	-1.04%
90 Days	1.36%	3.43%
12 Months	24.49%	21.37%

1 Overlapping Holdings

	Symbol	Grade	Weight in FIW	Weight in XHE	Overlap
	IDXX	F	3.5%	1.47%	1.47%

FIW Overweight 31 Positions Relative to XHE

Symbol	Grade	Weight
IEX	B	4.41%
PNR	B	4.19%
WAT	B	4.12%
ROP	C	3.98%
ECL	D	3.9%
ACM	B	3.83%
AWK	C	3.83%
MLI	B	3.74%
VLTO	C	3.67%
XYL	D	3.57%
A	F	3.56%
WTRG	B	3.5%
BMI	B	3.1%
TTEK	F	3.04%
WMS	F	2.98%
CNM	C	2.76%
AOS	F	2.59%
ZWS	B	2.42%
VMI	B	2.39%
MWA	B	2.28%
ITRI	B	2.26%
WTS	B	2.15%
AWR	B	2.09%
FELE	B	2.05%
CWT	C	1.85%
MSEX	B	1.31%
LNN	B	1.26%
SBS	B	1.25%
HWKN	B	1.23%
SJW	F	1.16%
MEG	F	0.68%

FIW Underweight 61 Positions Relative to XHE

Symbol	Grade	Weight
ATEC	C	-2.53%
MASI	B	-2.47%
IART	C	-2.46%
ATRC	C	-2.24%
PEN	B	-2.19%
HAE	C	-2.12%
GMED	A	-2.07%
PODD	B	-2.03%
PRCT	B	-2.03%
GKOS	A	-1.96%
IRTC	C	-1.96%
OMCL	C	-1.95%
NARI	C	-1.9%
ISRG	A	-1.89%
LIVN	D	-1.89%
MMSI	A	-1.88%
ENOV	C	-1.87%
UFPT	C	-1.87%
ITGR	B	-1.86%
BSX	A	-1.84%
DXCM	C	-1.84%
NVST	C	-1.83%
SYK	A	-1.8%
ZBH	C	-1.79%
AXNX	A	-1.77%
SOLV	F	-1.74%
ABT	B	-1.72%
LMAT	A	-1.71%
CNMD	C	-1.71%
BDX	F	-1.71%
RMD	C	-1.71%
ICUI	D	-1.71%
MDT	D	-1.69%
GEHC	C	-1.69%
HOLX	D	-1.69%
EW	C	-1.66%
NEOG	D	-1.65%
NVCR	C	-1.65%
INSP	F	-1.61%
STE	D	-1.57%
ALGN	D	-1.56%
STAA	F	-1.55%
BAX	F	-1.47%
RXST	F	-1.43%
LNTH	C	-1.4%
TFX	F	-1.37%
TNDM	D	-1.22%
SRDX	B	-1.21%
XRAY	D	-1.17%
TMDX	F	-1.05%
VREX	B	-1.01%
AORT	B	-0.89%
OFIX	B	-0.67%
SIBN	F	-0.66%
EMBC	C	-0.61%
ZIMV	F	-0.57%
AVNS	F	-0.48%
KIDS	D	-0.46%
OSUR	F	-0.43%
TCMD	B	-0.4%
AXGN	D	-0.39%