FTHI vs. QVAL ETF Comparison

Comparison of First Trust High Income ETF (FTHI) to ValueShares U.S. Quantitative Value ETF (QVAL)

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

$21.94

Average Daily Volume

191,318

Number of Holdings ^*

156

* may have additional holdings in another (foreign) market

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.05

Average Daily Volume

26,135

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FTHI	QVAL
30 Days	-2.14%	-2.20%
60 Days	-0.54%	5.11%
90 Days	2.32%	8.38%
12 Months	16.83%	31.37%

8 Overlapping Holdings

Symbol	Grade	Weight in FTHI	Weight in QVAL	Overlap
ALSN	A	0.43%	2.08%	0.43%
ARCH	C	0.67%	2.07%	0.67%
CMCSA	D	0.37%	1.9%	0.37%
CRI	D	0.29%	1.79%	0.29%
CSCO	D	0.44%	1.99%	0.44%
CVI	D	0.46%	1.97%	0.46%
MUSA	A	0.17%	2.04%	0.17%
TOL	D	0.39%	1.91%	0.39%

FTHI Overweight 148 Positions Relative to QVAL

Symbol	Grade	Weight
MSFT	C	7.24%
NVDA	B	4.45%
AAPL	F	4.42%
AMZN	B	3.69%
META	B	2.44%
GOOGL	A	2.14%
STLA	C	2.0%
GOOG	A	1.82%
BRK.A	B	1.72%
LLY	C	1.44%
AVGO	D	1.37%
JPM	B	1.21%
SLG	A	1.1%
XOM	A	1.1%
APLS	F	1.04%
V	C	1.01%
CCEP	B	0.99%
UNH	C	0.96%
UL	D	0.92%
MA	C	0.89%
PBF	A	0.86%
JNJ	F	0.84%
PG	A	0.84%
CRNX	A	0.81%
JXN	A	0.81%
HD	D	0.81%
MRK	A	0.78%
COST	C	0.76%
BRBR	D	0.68%
ABBV	B	0.65%
CVX	A	0.64%
CRM	D	0.61%
NFLX	B	0.6%
VST	A	0.59%
WMT	A	0.58%
CALM	A	0.58%
MEDP	C	0.57%
CHRD	A	0.57%
STNG	A	0.57%
AMD	D	0.57%
PEP	A	0.54%
INGR	B	0.54%
NVS	D	0.53%
BAC	A	0.52%
KO	B	0.52%
IDA	A	0.51%
TMO	C	0.49%
SLM	A	0.48%
LIN	C	0.48%
DELL	B	0.47%
ADBE	F	0.47%
DIS	B	0.46%
ACN	D	0.46%
MCD	D	0.45%
ABT	D	0.44%
CAT	A	0.43%
WFC	A	0.43%
QCOM	B	0.42%
INTU	C	0.41%
SCCO	A	0.41%
EXP	C	0.41%
VZ	B	0.4%
AMAT	B	0.4%
HESM	A	0.39%
KNSL	C	0.39%
AM	A	0.38%
DECK	D	0.38%
ORCL	B	0.38%
IBM	C	0.37%
NVO	B	0.37%
DOX	D	0.37%
REYN	C	0.37%
DHR	C	0.37%
LANC	D	0.37%
ARES	B	0.36%
LECO	C	0.36%
EHC	A	0.36%
TXN	C	0.35%
FTI	A	0.35%
GE	A	0.35%
BAH	B	0.34%
USFD	C	0.34%
RTX	A	0.34%
UNP	B	0.34%
LPLA	B	0.34%
COP	A	0.34%
UBER	D	0.34%
HLI	B	0.34%
UMBF	B	0.33%
INTC	F	0.33%
NOW	C	0.33%
EWBC	B	0.33%
PPC	A	0.33%
VEEV	D	0.32%
AMGN	C	0.32%
FNF	B	0.32%
WMG	D	0.32%
DHT	A	0.32%
GGG	C	0.32%
DTM	A	0.32%
PM	A	0.31%
PFE	F	0.31%
SBLK	B	0.31%
KRC	D	0.31%
SPGI	C	0.31%
GPS	D	0.3%
HON	B	0.3%
IIPR	A	0.3%
CVLT	C	0.3%
TJX	C	0.3%
ISRG	C	0.3%
WSO	B	0.3%
BKNG	C	0.29%
LOW	D	0.29%
SLVM	A	0.28%
LOPE	C	0.28%
COTY	D	0.28%
AMH	B	0.28%
LRCX	D	0.28%
EGP	D	0.28%
IDCC	C	0.27%
NKE	D	0.27%
SBRA	C	0.27%
MGEE	A	0.26%
APLE	D	0.26%
OTTR	C	0.25%
MATX	D	0.25%
PLD	D	0.25%
GS	A	0.25%
SEIC	C	0.24%
OGN	A	0.24%
CHKP	C	0.24%
NEU	C	0.24%
ATR	B	0.24%
FLO	A	0.24%
SFM	A	0.24%
CNA	B	0.24%
ELS	D	0.23%
PFGC	D	0.22%
BKU	B	0.21%
CVBF	D	0.18%
ANDE	A	0.15%
KAR	A	0.14%
CXW	B	0.14%
SFNC	B	0.12%
NHI	A	0.11%
VGR	D	0.09%
DINO	C	0.09%

FTHI Underweight 41 Positions Relative to QVAL

Symbol	Grade	Weight
LBRT	A	-2.21%
SNX	A	-2.16%
BG	A	-2.13%
DAL	A	-2.11%
PSX	A	-2.1%
AMR	C	-2.1%
CRC	A	-2.09%
TEX	A	-2.07%
SM	A	-2.07%
SIG	B	-2.06%
HAL	A	-2.06%
VLO	A	-2.06%
AGCO	B	-2.03%
INSW	A	-2.02%
OC	A	-2.02%
ELV	A	-2.01%
ARW	B	-2.01%
WFRD	A	-2.01%
SNA	D	-2.0%
CCK	B	-2.0%
THC	B	-1.99%
CEIX	B	-1.99%
UFPI	D	-1.98%
APA	B	-1.98%
OMC	A	-1.98%
TPH	C	-1.98%
UTHR	A	-1.98%
GPK	A	-1.96%
T	C	-1.95%
MO	A	-1.94%
CTSH	D	-1.94%
IPG	D	-1.93%
SKX	C	-1.92%
BBY	B	-1.92%
PHM	C	-1.91%
HPQ	D	-1.91%
DHI	D	-1.89%
LEA	D	-1.88%
TMHC	D	-1.87%
MOH	D	-1.79%
CROX	C	-1.78%