FTHI vs. BTAL ETF Comparison

Comparison of First Trust High Income ETF (FTHI) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

FTHI

First Trust High Income ETF

FTHI Description

The investment seeks current income; capital appreciation is a secondary objective. The fund will pursue its objectives by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of writing (selling) U.S. exchange-traded covered call options on the Standard & Poor's 500(c) Index (the "index"). The market value of the option strategy may be up to 20% of the fund's overall net asset value. The equity securities in which the fund will invest and the options which the fund will write will be limited to U.S. exchange-traded securities and options. It is non-diversified.

Grade (RS Rating)

Last Trade

$23.68

Average Daily Volume

244,323

Number of Holdings ^*

165

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$19.01

Average Daily Volume

445,126

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	FTHI	BTAL
30 Days	2.96%	-4.57%
60 Days	3.94%	-3.16%
90 Days	5.68%	-3.70%
12 Months	18.62%	-6.81%

51 Overlapping Holdings

Symbol	Grade	Weight in FTHI	Weight in BTAL	Overlap
ABBV	D	0.62%	0.36%	0.36%
ADP	B	0.33%	0.46%	0.33%
ALSN	B	0.53%	0.56%	0.53%
AMD	F	0.45%	-0.4%	-0.4%
AMGN	D	0.31%	0.37%	0.31%
AVGO	D	1.65%	-0.45%	-0.45%
BLK	C	0.24%	-0.54%	-0.54%
BMY	B	0.48%	0.51%	0.48%
BX	A	0.13%	-0.57%	-0.57%
CME	A	0.37%	0.47%	0.37%
D	C	0.08%	-0.45%	-0.45%
DECK	A	0.41%	0.44%	0.41%
DELL	C	0.45%	-0.53%	-0.53%
DUK	C	0.31%	0.43%	0.31%
ELV	F	0.03%	0.33%	0.03%
EXP	A	0.48%	-0.53%	-0.53%
FLO	D	0.2%	0.42%	0.2%
GILD	C	0.47%	0.49%	0.47%
GIS	D	0.03%	0.38%	0.03%
HON	B	0.31%	0.47%	0.31%
IBM	C	0.36%	0.45%	0.36%
KO	D	0.46%	0.37%	0.37%
KRC	C	0.31%	-0.46%	-0.46%
LMT	D	0.26%	0.38%	0.26%
MMC	B	0.42%	0.42%	0.42%
MSFT	F	6.53%	0.43%	0.43%
MSI	B	0.17%	0.51%	0.17%
MUSA	A	0.19%	0.43%	0.19%
NEU	C	0.17%	0.44%	0.17%
NVDA	C	6.56%	-0.48%	-0.48%
O	D	0.24%	0.39%	0.24%
PAYX	C	0.21%	0.47%	0.21%
PFE	D	0.1%	0.37%	0.1%
PFGC	B	0.22%	-0.49%	-0.49%
RTX	C	0.33%	0.43%	0.33%
SBRA	C	0.3%	0.47%	0.3%
SFM	A	0.45%	0.6%	0.45%
T	A	0.35%	0.5%	0.35%
TGT	F	0.11%	-0.44%	-0.44%
TJX	A	0.32%	0.43%	0.32%
TMUS	B	0.3%	0.49%	0.3%
TOL	B	0.45%	-0.47%	-0.47%
TSLA	B	1.36%	-0.7%	-0.7%
UNH	C	1.08%	0.43%	0.43%
USFD	A	0.38%	-0.49%	-0.49%
VEEV	C	0.31%	-0.46%	-0.46%
VST	B	0.97%	-0.76%	-0.76%
VZ	C	0.35%	0.44%	0.35%
WEC	A	0.15%	0.46%	0.15%
XEL	A	0.19%	0.5%	0.19%
XOM	B	1.0%	0.44%	0.44%

FTHI Overweight 114 Positions Relative to BTAL

Symbol	Grade	Weight
AAPL	C	5.63%
AMZN	C	3.92%
META	D	2.55%
GOOGL	C	2.17%
GOOG	C	1.84%
BRK.A	B	1.73%
BXMT	C	1.55%
SLG	B	1.44%
JPM	A	1.41%
LLY	F	1.18%
JXN	C	1.11%
V	A	1.01%
CRNX	C	0.99%
CCEP	C	0.98%
UL	D	0.94%
MO	A	0.9%
MA	C	0.88%
HD	A	0.88%
LADR	B	0.87%
COST	B	0.83%
PG	A	0.79%
BRBR	A	0.77%
CALM	A	0.76%
NFLX	A	0.72%
WMT	A	0.69%
CRM	B	0.65%
INGR	B	0.64%
PTVE	B	0.64%
IDA	A	0.59%
BAC	A	0.56%
ORCL	B	0.53%
CCI	D	0.53%
WFC	A	0.49%
MRK	F	0.49%
NVS	D	0.49%
SLM	A	0.48%
CVLT	B	0.48%
DTM	B	0.46%
IDCC	A	0.45%
PEP	F	0.45%
MDT	D	0.45%
INSM	C	0.44%
HLI	B	0.44%
ADBE	C	0.44%
EWBC	A	0.43%
INTU	C	0.43%
UMBF	B	0.43%
MEDP	D	0.42%
ARES	A	0.42%
NOW	A	0.42%
ITW	B	0.41%
LIN	D	0.41%
PPC	C	0.41%
CAT	B	0.41%
EHC	B	0.39%
AM	A	0.38%
TMO	F	0.38%
PM	B	0.37%
ISRG	A	0.37%
TXN	C	0.36%
BKNG	A	0.36%
LANC	C	0.36%
SLVM	B	0.35%
FNF	B	0.35%
KNSL	B	0.35%
GE	D	0.35%
HESM	B	0.34%
FTI	A	0.34%
SPGI	C	0.33%
WSO	A	0.33%
GS	A	0.33%
SCCO	F	0.33%
MGEE	C	0.32%
QCOM	F	0.32%
BAH	F	0.31%
LOW	D	0.31%
DHR	F	0.31%
AMAT	F	0.31%
BKU	A	0.3%
LOPE	B	0.3%
PSA	D	0.3%
MATX	C	0.3%
AMT	D	0.29%
UNP	C	0.29%
GAP	C	0.27%
DHT	F	0.27%
IIPR	D	0.27%
GGG	B	0.27%
CVX	A	0.26%
NVO	D	0.25%
ATR	B	0.25%
SBLK	F	0.24%
NEE	D	0.24%
COP	C	0.24%
CNA	B	0.23%
AMH	D	0.22%
STNG	F	0.22%
EQIX	A	0.21%
CVBF	A	0.2%
SO	D	0.2%
OTTR	C	0.2%
GEV	B	0.17%
REYN	D	0.16%
KAR	B	0.15%
EXR	D	0.14%
SFNC	B	0.14%
OGN	D	0.13%
NHI	D	0.12%
BDX	F	0.07%
AJG	B	0.05%
SPG	B	0.05%
SYK	C	0.05%
CL	D	0.05%
MDLZ	F	0.03%

FTHI Underweight 341 Positions Relative to BTAL

Symbol	Grade	Weight
MSTR	C	-1.19%
BILL	A	-0.68%
IBKR	A	-0.62%
LPLA	A	-0.59%
PAYC	B	-0.59%
HQY	B	-0.58%
UNM	A	-0.57%
KMI	A	-0.56%
CFLT	B	-0.56%
SNA	A	-0.55%
NWL	B	-0.54%
BKR	B	-0.53%
PCTY	B	-0.53%
MKL	A	-0.53%
WH	B	-0.53%
BWXT	B	-0.53%
TGNA	B	-0.53%
TRV	B	-0.52%
FFIV	B	-0.52%
FTNT	C	-0.52%
TXRH	C	-0.51%
RLI	B	-0.51%
PCAR	B	-0.51%
MCK	B	-0.51%
THG	A	-0.51%
LNG	B	-0.51%
WELL	A	-0.5%
CHH	A	-0.5%
PNM	F	-0.5%
ORLY	B	-0.5%
CSCO	B	-0.49%
AEE	A	-0.49%
CINF	A	-0.49%
G	B	-0.49%
PKG	A	-0.49%
ALL	A	-0.48%
VFC	C	-0.48%
SIGI	C	-0.48%
FOXA	B	-0.48%
RGA	A	-0.48%
VTRS	A	-0.48%
LULU	C	-0.48%
AIZ	A	-0.48%
AXS	A	-0.48%
TDY	B	-0.48%
BRO	B	-0.47%
DBX	B	-0.47%
CHD	B	-0.47%
GLW	B	-0.47%
AON	A	-0.47%
HEI	B	-0.47%
KR	B	-0.47%
CW	B	-0.47%
RYAN	B	-0.47%
EDR	A	-0.46%
DRI	B	-0.46%
WEN	D	-0.46%
SLGN	A	-0.46%
RNR	C	-0.46%
LNT	A	-0.46%
CF	B	-0.46%
ORI	A	-0.46%
UTHR	C	-0.45%
WRB	A	-0.45%
CB	C	-0.45%
CSX	B	-0.45%
CMG	B	-0.45%
REG	B	-0.45%
AVB	B	-0.45%
ARMK	B	-0.45%
PGR	A	-0.45%
WM	A	-0.45%
HIG	B	-0.45%
COR	B	-0.45%
ADC	B	-0.45%
DGX	A	-0.45%
WTW	B	-0.45%
HPQ	B	-0.45%
L	A	-0.45%
ROP	B	-0.45%
PNW	B	-0.45%
CHRW	C	-0.45%
JAZZ	B	-0.44%
ACN	C	-0.44%
EQR	B	-0.44%
CMS	C	-0.44%
BWA	D	-0.44%
CDP	C	-0.44%
CBOE	B	-0.43%
DOX	D	-0.43%
VRSN	F	-0.43%
DLB	B	-0.43%
CLH	B	-0.43%
ZI	D	-0.43%
CTSH	B	-0.43%
YUM	B	-0.43%
DD	D	-0.43%
X	C	-0.43%
RSG	A	-0.43%
OHI	C	-0.43%
ELS	C	-0.43%
CCK	C	-0.43%
MSM	C	-0.43%
COLM	B	-0.43%
AVT	C	-0.42%
VICI	C	-0.42%
JNJ	D	-0.42%
CACI	D	-0.42%
CXT	B	-0.42%
ED	D	-0.42%
GLPI	C	-0.42%
MCD	D	-0.42%
EG	C	-0.42%
HRB	D	-0.41%
J	F	-0.41%
WPC	D	-0.41%
SNX	C	-0.41%
MKC	D	-0.41%
OLLI	D	-0.41%
GD	F	-0.41%
PAG	B	-0.41%
BG	F	-0.4%
SAIC	F	-0.4%
CI	F	-0.4%
CHE	D	-0.4%
MSA	D	-0.4%
NOC	D	-0.4%
TXT	D	-0.4%
ASGN	F	-0.39%
WTM	A	-0.39%
AMCR	D	-0.39%
JNPR	F	-0.39%
FANG	D	-0.39%
KHC	F	-0.38%
CPB	D	-0.38%
ON	D	-0.38%
ACGL	D	-0.38%
ERIE	D	-0.38%
OXY	D	-0.38%
MOS	F	-0.38%
FCN	D	-0.38%
FMC	D	-0.37%
MAN	D	-0.37%
KBR	F	-0.37%
ARW	D	-0.37%
GPC	D	-0.37%
TNET	D	-0.37%
DVN	F	-0.37%
MUR	D	-0.37%
ST	F	-0.36%
MOH	F	-0.36%
AKAM	D	-0.36%
NEM	D	-0.35%
MTCH	D	-0.35%
FOXF	F	-0.35%
HUM	C	-0.34%
AZO	C	-0.33%
MDU	D	-0.32%
CNC	D	-0.32%
SRPT	D	-0.32%
BMRN	D	-0.29%
AGL	F	-0.16%
SMCI	F	--0.18%
SEDG	F	--0.19%
RUN	F	--0.21%
MRNA	F	--0.22%
CNXC	F	--0.23%
ENPH	F	--0.23%
MPWR	F	--0.24%
CE	F	--0.24%
WOLF	F	--0.25%
TXG	F	--0.26%
NTLA	F	--0.27%
RKT	F	--0.29%
CELH	F	--0.29%
RIVN	F	--0.3%
OPEN	D	--0.3%
EL	F	--0.31%
TER	D	--0.33%
BRZE	C	--0.33%
COTY	F	--0.33%
AMKR	D	--0.34%
ELF	C	--0.35%
EFX	F	--0.35%
SHLS	F	--0.35%
ARWR	F	--0.35%
AES	F	--0.35%
LRCX	F	--0.36%
TFX	F	--0.36%
DKS	C	--0.37%
WMS	D	--0.37%
RGEN	D	--0.37%
ALLY	C	--0.37%
NVCR	C	--0.38%
RIG	D	--0.38%
CNM	D	--0.38%
DINO	D	--0.39%
PLD	D	--0.39%
IDXX	F	--0.39%
KSS	F	--0.39%
ELAN	D	--0.39%
PINS	D	--0.4%
WBA	F	--0.4%
ARE	D	--0.4%
FND	C	--0.4%
MKSI	C	--0.4%
BLD	D	--0.4%
KMX	B	--0.4%
FBIN	D	--0.41%
ROIV	C	--0.41%
AGNC	D	--0.41%
W	F	--0.41%
POWI	D	--0.41%
CRL	C	--0.41%
DNLI	D	--0.42%
CHX	C	--0.42%
AWK	D	--0.42%
FCX	D	--0.42%
CZR	F	--0.42%
UBER	D	--0.42%
CWEN	C	--0.42%
CSGP	D	--0.42%
MU	D	--0.43%
ILMN	D	--0.43%
CC	C	--0.43%
CRSP	D	--0.43%
MGM	D	--0.43%
ALGN	D	--0.43%
PATH	C	--0.43%
SSD	D	--0.43%
SEE	C	--0.44%
THO	B	--0.44%
BLDR	D	--0.44%
F	C	--0.44%
TRU	D	--0.44%
EW	C	--0.44%
UGI	A	--0.44%
RYN	D	--0.44%
APG	B	--0.44%
BBWI	D	--0.44%
TREX	C	--0.45%
NWE	B	--0.45%
DAR	C	--0.45%
CARR	D	--0.45%
MTDR	B	--0.45%
RMD	C	--0.45%
OC	A	--0.46%
SMG	D	--0.46%
BXP	D	--0.46%
LAMR	D	--0.46%
ZS	C	--0.46%
JLL	D	--0.46%
ANET	C	--0.46%
PENN	C	--0.46%
ROKU	D	--0.47%
HHH	B	--0.47%
SHW	A	--0.47%
TROW	B	--0.48%
LNC	B	--0.48%
AXTA	A	--0.49%
OZK	B	--0.49%
ITT	A	--0.49%
NRG	B	--0.49%
WAL	B	--0.49%
GH	B	--0.49%
SNAP	C	--0.49%
USB	A	--0.49%
CFG	B	--0.49%
NVT	B	--0.49%
RF	A	--0.5%
TTD	B	--0.5%
NET	B	--0.5%
CAR	C	--0.51%
RMBS	C	--0.51%
PWR	A	--0.51%
GNRC	B	--0.51%
TT	A	--0.51%
CBRE	B	--0.51%
RBLX	C	--0.51%
RRC	B	--0.51%
LPX	B	--0.52%
CEG	D	--0.52%
COHR	B	--0.52%
PEN	B	--0.52%
ETN	A	--0.52%
IOT	A	--0.52%
URI	B	--0.52%
VNO	B	--0.52%
PYPL	B	--0.52%
ALB	C	--0.52%
ZION	B	--0.53%
MDB	C	--0.53%
AR	B	--0.53%
JHG	A	--0.53%
RH	B	--0.53%
FYBR	D	--0.53%
DKNG	B	--0.53%
INTC	D	--0.54%
SNV	B	--0.54%
FOUR	B	--0.54%
NTRS	A	--0.54%
XPO	B	--0.54%
CMA	A	--0.54%
CG	A	--0.55%
KKR	A	--0.55%
PNFP	B	--0.55%
WCC	B	--0.55%
AA	B	--0.56%
SCHW	B	--0.56%
DAY	B	--0.56%
Z	A	--0.56%
GME	C	--0.56%
EXPE	B	--0.56%
MRVL	B	--0.56%
TDOC	C	--0.56%
NTRA	B	--0.56%
CRWD	B	--0.57%
GTLS	B	--0.58%
OWL	A	--0.58%
TPG	A	--0.58%
EQT	B	--0.59%
PODD	C	--0.59%
DASH	A	--0.59%
SAIA	B	--0.59%
SQ	B	--0.6%
LYV	A	--0.62%
LITE	B	--0.62%
DUOL	A	--0.63%
CCL	B	--0.63%
LYFT	C	--0.65%
VRT	B	--0.67%
CVNA	B	--0.68%
DAL	C	--0.68%
PTON	B	--0.69%
TOST	B	--0.71%
COIN	C	--0.71%
HOOD	B	--0.72%
AXON	A	--0.74%
SOFI	A	--0.79%
AFRM	B	--0.84%
PLTR	B	--0.87%