FOVL vs. FXO ETF Comparison

Comparison of iShares Focused Value Factor ETF (FOVL) to First Trust Financials AlphaDEX (FXO)

FOVL

iShares Focused Value Factor ETF

FOVL Description

The investment seeks to track the to track the investment results of the Focused Value Select Index, which is an objective, rules-based, equal-weighted equity index provided by FTSE Russell. The underlying index measures the performance of large- and mid-capitalization U.S. companies with prominent value factor characteristics, as determined by Russell. The fund generally will invest at least 90% of its assets in the component securities of the underlying index and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents. It is non-diversified.

Grade (RS Rating)

Last Trade

$72.50

Average Daily Volume

2,284

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO 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 StrataQuant(R) Financials 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 NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the financial services sector 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

$56.40

Average Daily Volume

52,809

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	FOVL	FXO
30 Days	2.37%	4.31%
60 Days	7.49%	10.21%
90 Days	13.48%	14.50%
12 Months	42.64%	46.96%

21 Overlapping Holdings

Symbol	Grade	Weight in FOVL	Weight in FXO	Overlap
AXS	A	2.49%	1.23%	1.23%
BAC	A	2.74%	0.67%	0.67%
CMA	B	2.77%	0.68%	0.68%
CNA	C	2.34%	1.14%	1.14%
DFS	B	3.0%	0.36%	0.36%
FHB	B	2.82%	0.68%	0.68%
FHN	A	3.03%	1.18%	1.18%
FITB	B	2.61%	0.64%	0.64%
FNB	B	2.81%	1.35%	1.35%
JHG	B	2.77%	1.82%	1.82%
MTB	A	2.84%	1.09%	1.09%
MTG	D	2.31%	1.46%	1.46%
NTRS	A	2.81%	1.07%	1.07%
OZK	B	2.65%	1.28%	1.28%
PFG	C	2.4%	0.29%	0.29%
PNC	B	2.7%	0.65%	0.65%
RF	A	2.66%	0.65%	0.65%
RNR	C	2.29%	1.43%	1.43%
USB	B	2.63%	0.63%	0.63%
VOYA	B	2.49%	0.59%	0.59%
WTM	A	2.65%	1.72%	1.72%

FOVL Overweight 19 Positions Relative to FXO

Symbol	Grade	Weight
ALK	A	2.7%
ETR	A	2.69%
HPE	B	2.52%
CMCSA	B	2.5%
OGE	A	2.5%
PNW	B	2.43%
EVRG	A	2.43%
PRGO	C	2.38%
AVT	C	2.36%
MET	A	2.36%
D	C	2.34%
UGI	C	2.25%
RPRX	F	2.18%
BG	D	2.14%
VZ	C	2.13%
CWEN	C	2.08%
ADM	D	2.04%
CRI	F	1.91%
CNXC	F	1.88%

FOVL Underweight 80 Positions Relative to FXO

Symbol	Grade	Weight
JEF	A	-1.81%
GS	B	-1.8%
KKR	A	-1.75%
AGO	A	-1.74%
TPG	A	-1.73%
TROW	B	-1.67%
CINF	A	-1.66%
BEN	C	-1.62%
AMG	C	-1.6%
ALL	A	-1.56%
PGR	B	-1.54%
WBS	A	-1.48%
BPOP	C	-1.45%
EG	D	-1.42%
UNM	A	-1.4%
COLB	B	-1.38%
BX	A	-1.37%
SEIC	B	-1.36%
ACGL	D	-1.35%
OMF	A	-1.34%
HLI	B	-1.34%
EQH	B	-1.31%
LNC	B	-1.28%
MKL	A	-1.26%
RYAN	B	-1.23%
L	A	-1.21%
TW	A	-1.2%
GL	C	-1.19%
WFC	A	-1.17%
BRK.A	B	-1.17%
ALLY	C	-1.17%
ZION	B	-1.15%
MS	A	-1.15%
EWBC	A	-1.14%
WTFC	B	-1.1%
HBAN	B	-1.08%
FCNCA	A	-1.06%
UWMC	D	-1.02%
NU	C	-1.01%
C	B	-0.99%
SOFI	A	-0.98%
STT	B	-0.97%
BRO	B	-0.96%
CRBG	B	-0.95%
SLM	B	-0.95%
MCO	D	-0.92%
HIG	B	-0.9%
CB	C	-0.9%
AFL	C	-0.89%
AMP	A	-0.69%
OWL	A	-0.68%
VIRT	A	-0.67%
PB	A	-0.66%
JPM	A	-0.66%
CFG	B	-0.65%
TRV	A	-0.63%
BOKF	B	-0.63%
BK	B	-0.62%
WRB	B	-0.61%
ORI	A	-0.61%
WAL	B	-0.61%
RJF	A	-0.38%
APO	A	-0.38%
SF	B	-0.36%
CFR	B	-0.36%
PNFP	B	-0.36%
CBSH	A	-0.35%
KEY	B	-0.33%
MORN	B	-0.31%
AIZ	A	-0.31%
AIG	C	-0.3%
PRU	B	-0.3%
AJG	B	-0.3%
RGA	B	-0.3%
AFG	A	-0.3%
STWD	C	-0.28%
FAF	C	-0.28%
FNF	A	-0.28%
XP	F	-0.27%
AGNC	C	-0.26%