FTLS vs. FNCL ETF Comparison

Comparison of First Trust Long/Short Equity (FTLS) to Fidelity MSCI Financials Index ETF (FNCL)

FTLS

First Trust Long/Short Equity

FTLS Description

The investment seeks to provide investors with long-term total return. Under normal circumstances, at least 80% of the fund's assets (plus the amount of any borrowing for investment purposes) will be exposed to U.S. exchange-listed equity securities of U.S. and foreign companies by investing in such securities directly and/or in U.S. exchange-traded funds ("ETFs") that provide exposure to such securities. It may invest up to 20% of its net assets (plus the amount of any borrowing for investment purposes) in U.S. exchange-listed equity index futures contracts. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.09

Average Daily Volume

129,604

Number of Holdings ^*

384

* may have additional holdings in another (foreign) market

FNCL

Fidelity MSCI Financials Index ETF

FNCL Description

The investment seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the MSCI USA IMI Financials Index. Investing at least 80% of assets in securities included in the fund's underlying index. The fund's underlying index is the MSCI USA IMI Financials Index, which represents the performance of the financial sector in the U.S. equity market. It may or may not hold all of the securities in the MSCI USA IMI Financials Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$63.63

Average Daily Volume

81,625

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	FTLS	FNCL
30 Days	-0.24%	1.16%
60 Days	1.83%	3.97%
90 Days	1.22%	10.27%
12 Months	20.51%	38.09%

57 Overlapping Holdings

Symbol	Grade	Weight in FTLS	Weight in FNCL	Overlap
AFL	A	0.7%	0.83%	0.7%
AIZ	B	0.2%	0.14%	0.14%
ALL	C	0.86%	0.7%	0.7%
ALLY	F	0.29%	0.12%	0.12%
APO	B	-0.06%	0.65%	-0.06%
AUB	D	0.06%	0.04%	0.04%
AXS	B	0.13%	0.1%	0.1%
BK	B	-0.4%	0.72%	-0.4%
BOH	D	0.07%	0.04%	0.04%
BRK.A	C	1.12%	8.25%	1.12%
C	C	2.04%	1.54%	1.54%
CBSH	D	0.12%	0.1%	0.1%
CBU	D	-0.03%	0.04%	-0.03%
CME	B	1.53%	1.08%	1.08%
CNNE	F	-0.04%	0.01%	-0.04%
COLB	B	0.16%	0.07%	0.07%
CUBI	F	0.08%	0.02%	0.02%
EBC	C	0.06%	0.04%	0.04%
ESNT	B	0.1%	0.1%	0.1%
EWBC	C	0.2%	0.16%	0.16%
FFIN	C	-0.04%	0.06%	-0.04%
FHB	D	0.06%	0.04%	0.04%
FIS	C	0.96%	0.66%	0.66%
GBCI	C	0.08%	0.07%	0.07%
GL	D	0.4%	0.14%	0.14%
IBOC	D	-0.02%	0.05%	-0.02%
JPM	D	0.82%	8.24%	0.82%
KMPR	D	0.07%	0.05%	0.05%
KNSL	D	0.21%	0.14%	0.14%
LKFN	D	-0.02%	0.02%	-0.02%
LMND	F	-0.04%	0.01%	-0.04%
MQ	F	0.08%	0.03%	0.03%
MTG	B	0.13%	0.1%	0.1%
NMIH	C	0.07%	0.05%	0.05%
NTRS	C	0.37%	0.25%	0.25%
ORI	B	0.14%	0.13%	0.13%
PLMR	C	0.06%	0.03%	0.03%
PNC	C	-0.53%	1.0%	-0.53%
PNFP	C	0.14%	0.1%	0.1%
PRI	B	0.13%	0.13%	0.13%
RLI	B	0.07%	0.08%	0.07%
SCHW	D	1.85%	1.33%	1.33%
SIGI	D	0.13%	0.08%	0.08%
SOFI	D	-0.04%	0.11%	-0.04%
SSB	C	-0.08%	0.1%	-0.08%
SYF	C	0.63%	0.26%	0.26%
TBBK	C	0.1%	0.03%	0.03%
TCBI	C	0.09%	0.04%	0.04%
TFC	D	0.95%	0.78%	0.78%
THG	C	0.09%	0.07%	0.07%
TRV	C	0.99%	0.77%	0.77%
UBSI	D	0.07%	0.07%	0.07%
UMBF	C	0.14%	0.07%	0.07%
UPST	C	-0.03%	0.04%	-0.03%
USB	C	1.26%	0.96%	0.96%
UWMC	D	-0.03%	0.01%	-0.03%
WRB	D	0.31%	0.25%	0.25%

FTLS Overweight 327 Positions Relative to FNCL

Symbol	Grade	Weight
AAPL	C	7.55%
MSFT	C	4.63%
NVDA	C	3.93%
AMZN	C	2.48%
LOW	B	2.11%
JNJ	C	2.04%
QCOM	D	2.02%
ACN	C	1.98%
TMUS	B	1.97%
PM	C	1.81%
FDX	D	1.76%
META	B	1.73%
PH	B	1.49%
MPC	F	1.45%
VLO	F	1.43%
MO	C	1.38%
CL	C	1.32%
GOOGL	D	1.31%
GOOG	D	1.09%
ILMN	D	1.08%
AVGO	C	1.06%
CTAS	C	1.04%
LNG	D	1.04%
KMI	C	1.0%
LLY	D	0.99%
HPQ	C	0.96%
HWM	B	0.85%
FANG	F	0.84%
SYY	C	0.83%
PBR	D	0.78%
NTAP	D	0.77%
TOL	A	0.66%
JBL	C	0.64%
CROX	C	0.62%
CSL	B	0.59%
NVR	B	0.59%
RL	B	0.59%
INSM	D	0.58%
CF	B	0.54%
VLTO	B	0.53%
PNR	B	0.51%
SWK	B	0.51%
MAS	B	0.48%
NVS	C	0.47%
TWLO	C	0.47%
CAG	B	0.46%
BJ	D	0.45%
OKTA	F	0.45%
VRSN	C	0.45%
EAT	C	0.44%
VICI	C	0.42%
PENN	D	0.39%
FLEX	B	0.39%
ZIM	B	0.36%
FFIV	B	0.36%
TKO	A	0.34%
EXP	B	0.34%
ASO	D	0.34%
TTC	F	0.33%
DBX	C	0.32%
CRS	C	0.31%
CCK	B	0.31%
PI	B	0.3%
LPX	B	0.29%
JAZZ	D	0.28%
SNA	B	0.27%
RPRX	C	0.26%
SPYV	B	0.26%
SCHV	B	0.26%
IWD	B	0.26%
AYI	B	0.24%
UHS	C	0.23%
CNK	C	0.22%
MSM	D	0.21%
HRB	C	0.21%
STNG	D	0.21%
TWST	D	0.2%
WHD	D	0.2%
MGY	D	0.19%
SAM	D	0.18%
THO	C	0.18%
ALKS	D	0.17%
ADMA	C	0.17%
GLBE	C	0.16%
OPCH	C	0.16%
LOGI	D	0.15%
EXEL	C	0.15%
LEG	D	0.15%
ALSN	B	0.15%
CRC	C	0.14%
BFAM	C	0.14%
CALM	B	0.13%
TXG	D	0.13%
CBT	B	0.13%
PAA	D	0.13%
GM	C	0.12%
NSA	C	0.12%
GMS	C	0.12%
RDFN	D	0.12%
GFF	C	0.12%
SFM	B	0.12%
MATX	B	0.12%
AM	B	0.11%
ZWS	B	0.11%
SMPL	D	0.11%
MMS	B	0.11%
GRBK	B	0.11%
HESM	D	0.11%
CSWI	B	0.11%
WGO	D	0.11%
YOU	B	0.11%
SKYW	C	0.11%
KRG	C	0.11%
ABM	D	0.1%
PPC	D	0.1%
LCII	C	0.1%
DBRG	D	0.1%
VRNA	C	0.1%
FTDR	B	0.1%
ENLC	B	0.1%
KFY	C	0.09%
EPR	C	0.09%
FOLD	F	0.09%
EXTR	C	0.09%
CARG	C	0.08%
LANC	F	0.08%
TRMD	D	0.08%
LOPE	D	0.08%
VCYT	C	0.08%
REVG	D	0.07%
OTEX	D	0.07%
AVNT	B	0.07%
HAYW	C	0.07%
MYGN	D	0.07%
BCRX	D	0.07%
AZZ	C	0.07%
PRGS	A	0.07%
CDNA	C	0.06%
GSL	D	0.06%
SUPN	D	0.06%
ROIC	C	0.06%
WMB	C	0.06%
COLL	C	0.06%
WFG	B	0.06%
BRC	B	0.06%
AMPH	D	0.06%
PLXS	B	0.06%
ICFI	C	0.06%
ADUS	C	0.06%
PBH	C	0.06%
WOLF	F	-0.02%
FSLR	C	-0.02%
KD	F	-0.02%
HON	C	-0.02%
AER	C	-0.02%
SAIA	D	-0.02%
NVEE	F	-0.02%
ENS	C	-0.02%
ARM	C	-0.02%
COHR	C	-0.02%
CVX	F	-0.02%
EA	D	-0.02%
CFLT	F	-0.03%
WMT	B	-0.03%
GPRE	F	-0.03%
GKOS	C	-0.03%
ATEC	F	-0.03%
ASPN	C	-0.03%
OSIS	C	-0.03%
RXST	D	-0.03%
DIOD	F	-0.03%
PSMT	B	-0.03%
CLH	C	-0.03%
RUN	D	-0.03%
ARLO	D	-0.03%
AMD	C	-0.03%
COTY	D	-0.03%
ICHR	D	-0.03%
RIVN	F	-0.03%
BIRK	F	-0.03%
MARA	D	-0.03%
NWSA	D	-0.03%
BE	F	-0.03%
RCL	B	-0.03%
FRO	D	-0.03%
HLN	B	-0.03%
PAR	D	-0.03%
CRDO	D	-0.03%
SLGN	B	-0.03%
VIST	D	-0.03%
VSAT	F	-0.03%
FAST	C	-0.03%
DNB	D	-0.03%
ERJ	C	-0.04%
UTZ	C	-0.04%
NEOG	D	-0.04%
AMRK	C	-0.04%
AMRC	B	-0.04%
BVN	D	-0.04%
MP	C	-0.04%
GE	C	-0.04%
EQT	C	-0.04%
LYFT	D	-0.04%
APPN	C	-0.04%
RDY	D	-0.04%
IRTC	F	-0.04%
OSK	F	-0.04%
HHH	C	-0.04%
ENR	D	-0.04%
BURL	C	-0.04%
PRCT	C	-0.04%
SDGR	F	-0.04%
ALB	D	-0.04%
AZTA	F	-0.04%
TMO	B	-0.04%
STZ	C	-0.05%
ACIW	B	-0.05%
CTRA	F	-0.05%
GATX	D	-0.05%
AMAT	D	-0.05%
W	C	-0.05%
RH	C	-0.05%
ZD	D	-0.06%
WST	D	-0.06%
TTD	B	-0.06%
ACVA	C	-0.06%
VAL	F	-0.07%
DLB	D	-0.07%
MSA	D	-0.07%
MUFG	D	-0.07%
COP	F	-0.07%
AVAV	C	-0.07%
SE	B	-0.07%
VRRM	D	-0.07%
AEO	D	-0.07%
KTOS	B	-0.08%
VNT	F	-0.08%
R	C	-0.09%
BA	F	-0.09%
CDW	D	-0.09%
CCOI	C	-0.09%
MMYT	D	-0.09%
HCA	B	-0.09%
CHK	C	-0.09%
TRMB	C	-0.09%
AVY	C	-0.09%
HAE	D	-0.1%
NXPI	D	-0.1%
MAT	D	-0.1%
VVV	D	-0.11%
DY	C	-0.11%
IDCC	B	-0.12%
ARGX	B	-0.12%
ING	C	-0.13%
NSIT	C	-0.13%
STM	F	-0.13%
BKR	C	-0.13%
GPC	D	-0.13%
HQY	C	-0.13%
KEYS	B	-0.14%
SLB	F	-0.14%
NFLX	B	-0.15%
ABT	C	-0.16%
VMC	C	-0.16%
PKG	B	-0.16%
MU	D	-0.17%
STE	B	-0.17%
HII	F	-0.18%
TM	D	-0.18%
BWXT	A	-0.18%
ASX	C	-0.18%
SYK	C	-0.19%
INFY	C	-0.2%
GWRE	B	-0.21%
IPG	C	-0.21%
URI	B	-0.22%
GSK	D	-0.23%
PCAR	D	-0.23%
HSBC	B	-0.24%
EFX	C	-0.25%
PANW	D	-0.25%
FMX	F	-0.26%
TYL	C	-0.27%
KR	B	-0.27%
CCEP	C	-0.28%
DEO	C	-0.29%
INTC	D	-0.29%
NSC	C	-0.3%
SAP	B	-0.31%
OMC	B	-0.31%
WAT	B	-0.31%
PG	C	-0.31%
TTWO	D	-0.32%
BABA	B	-0.32%
SNPS	F	-0.32%
ISRG	C	-0.34%
GEHC	B	-0.34%
MMM	B	-0.35%
CMI	B	-0.36%
GEV	B	-0.37%
NOW	C	-0.37%
LMT	A	-0.39%
UL	B	-0.39%
ZBH	F	-0.41%
TXN	B	-0.42%
MDLZ	C	-0.44%
UNH	C	-0.45%
MSI	B	-0.45%
HDB	C	-0.46%
MCD	B	-0.48%
WM	D	-0.5%
MLM	D	-0.5%
XOM	D	-0.51%
ASML	F	-0.57%
DE	A	-0.58%
TSLA	C	-0.59%
VRSK	D	-0.6%
PAYX	C	-0.61%
ETN	C	-0.62%
GD	C	-0.64%
PEP	D	-0.7%
LIN	B	-0.71%
CMCSA	C	-0.71%
DIS	D	-0.73%
CDNS	D	-0.74%
APD	B	-0.74%
ORCL	B	-0.85%

FTLS Underweight 316 Positions Relative to FNCL

Symbol	Grade	Weight
V	C	-6.31%
MA	B	-5.7%
BAC	D	-3.8%
WFC	D	-2.59%
SPGI	C	-2.33%
GS	B	-2.16%
PGR	C	-2.07%
AXP	B	-2.07%
BLK	B	-1.83%
MS	B	-1.69%
MMC	C	-1.57%
CB	B	-1.55%
BX	C	-1.52%
ICE	C	-1.28%
MCO	C	-1.1%
KKR	B	-1.09%
PYPL	B	-0.97%
AON	B	-0.94%
AJG	D	-0.9%
COF	B	-0.75%
AIG	D	-0.68%
MET	B	-0.65%
MSCI	C	-0.62%
AMP	B	-0.61%
PRU	C	-0.59%
ACGL	B	-0.59%
SQ	D	-0.51%
HIG	B	-0.48%
DFS	C	-0.46%
NDAQ	C	-0.44%
COIN	F	-0.42%
WTW	B	-0.41%
MTB	C	-0.4%
FITB	B	-0.4%
GPN	D	-0.39%
ARES	B	-0.38%
BRO	C	-0.35%
STT	B	-0.35%
RJF	C	-0.33%
TROW	C	-0.33%
CBOE	C	-0.31%
HBAN	B	-0.3%
CINF	C	-0.3%
CPAY	B	-0.29%
MKL	C	-0.28%
RF	B	-0.28%
CFG	D	-0.26%
FCNCA	D	-0.26%
PFG	B	-0.26%
FDS	C	-0.24%
EG	B	-0.23%
L	D	-0.21%
FNF	B	-0.21%
KEY	C	-0.21%
LPLA	D	-0.21%
RGA	C	-0.2%
EQH	C	-0.19%
TW	B	-0.19%
RNR	B	-0.19%
JKHY	B	-0.18%
IBKR	B	-0.18%
ERIE	B	-0.18%
HOOD	C	-0.16%
AFRM	D	-0.15%
AFG	C	-0.14%
JEF	C	-0.14%
UNM	B	-0.13%
SF	B	-0.13%
MKTX	D	-0.13%
TOST	C	-0.13%
CG	C	-0.13%
WEX	C	-0.12%
OWL	B	-0.12%
WAL	B	-0.12%
FHN	D	-0.12%
MORN	C	-0.12%
EVR	B	-0.12%
VOYA	B	-0.11%
CMA	C	-0.11%
WBS	C	-0.11%
HLI	C	-0.11%
FAF	B	-0.1%
ZION	D	-0.1%
WTFC	C	-0.1%
BPOP	C	-0.1%
SEIC	B	-0.1%
AGNC	B	-0.1%
COOP	C	-0.09%
RYAN	C	-0.09%
CFR	C	-0.09%
SNV	D	-0.09%
PB	D	-0.09%
AMG	C	-0.08%
CADE	C	-0.08%
BEN	F	-0.08%
HLNE	B	-0.08%
JXN	B	-0.08%
OMF	D	-0.08%
ONB	D	-0.08%
STWD	B	-0.08%
JHG	B	-0.07%
LNC	C	-0.07%
PIPR	B	-0.07%
HOMB	D	-0.07%
PFSI	C	-0.07%
FNB	D	-0.07%
RDN	D	-0.07%
IVZ	B	-0.07%
ESGR	D	-0.06%
ABCB	C	-0.06%
SFBS	C	-0.06%
CNO	C	-0.06%
SLM	C	-0.06%
TPG	C	-0.06%
HWC	D	-0.06%
WTM	F	-0.06%
MC	C	-0.06%
AGO	D	-0.06%
EEFT	F	-0.06%
OZK	F	-0.06%
FOUR	C	-0.06%
FBP	C	-0.05%
UCBI	B	-0.05%
ASB	D	-0.05%
AX	D	-0.05%
BGC	D	-0.05%
OSCR	D	-0.05%
WD	B	-0.05%
VLY	D	-0.05%
HASI	C	-0.05%
TOWN	D	-0.04%
SFNC	C	-0.04%
CNS	B	-0.04%
RKT	C	-0.04%
BKU	D	-0.04%
FHI	B	-0.04%
VIRT	C	-0.04%
PRK	D	-0.04%
APAM	C	-0.04%
WU	C	-0.04%
CACC	F	-0.04%
FIBK	C	-0.04%
WAFD	D	-0.04%
CATY	C	-0.04%
PJT	B	-0.04%
GNW	C	-0.04%
BHF	F	-0.04%
BOKF	C	-0.04%
WSFS	D	-0.04%
STEP	B	-0.04%
BXMT	C	-0.04%
FULT	D	-0.04%
TRMK	D	-0.03%
BANC	C	-0.03%
WSBC	D	-0.03%
NATL	D	-0.03%
EFSC	D	-0.03%
BANR	C	-0.03%
FLYW	F	-0.03%
OFG	C	-0.03%
RNST	D	-0.03%
STC	C	-0.03%
DFIN	D	-0.03%
NBTB	D	-0.03%
PRG	C	-0.03%
GSHD	C	-0.03%
EVTC	D	-0.03%
BANF	C	-0.03%
SBCF	D	-0.03%
IBTX	C	-0.03%
ENVA	C	-0.03%
PFS	C	-0.03%
PPBI	D	-0.03%
FRME	D	-0.03%
VCTR	B	-0.03%
SNEX	C	-0.03%
FFBC	D	-0.03%
CVBF	D	-0.03%
HTLF	C	-0.03%
INDB	D	-0.03%
ABR	B	-0.03%
EFC	C	-0.02%
SRCE	D	-0.02%
PEBO	D	-0.02%
SAFT	D	-0.02%
BHLB	C	-0.02%
EIG	C	-0.02%
GABC	D	-0.02%
NBHC	D	-0.02%
LC	D	-0.02%
NIC	D	-0.02%
WABC	D	-0.02%
VBTX	C	-0.02%
PMT	C	-0.02%
ACT	C	-0.02%
QCRH	D	-0.02%
ARI	F	-0.02%
SKWD	B	-0.02%
HMN	C	-0.02%
TCBK	D	-0.02%
CODI	C	-0.02%
RC	F	-0.02%
NAVI	D	-0.02%
HTH	D	-0.02%
NNI	C	-0.02%
VRTS	F	-0.02%
SASR	C	-0.02%
HOPE	D	-0.02%
SPNT	D	-0.02%
CHCO	D	-0.02%
LOB	C	-0.02%
FBNC	C	-0.02%
SYBT	C	-0.02%
FRHC	C	-0.02%
LADR	D	-0.02%
TRUP	D	-0.02%
STBA	D	-0.02%
BUSE	D	-0.02%
MCY	C	-0.02%
CASH	D	-0.02%
NWBI	D	-0.02%
FCF	D	-0.02%
FBK	C	-0.02%
AGM	D	-0.02%
PGC	D	-0.01%
WRLD	D	-0.01%
HAFC	D	-0.01%
CLBK	D	-0.01%
SPFI	C	-0.01%
PAY	D	-0.01%
HONE	D	-0.01%
UFCS	D	-0.01%
CCBG	C	-0.01%
PX	C	-0.01%
CTLP	D	-0.01%
NFBK	D	-0.01%
SMBC	C	-0.01%
MCB	C	-0.01%
GSBC	D	-0.01%
NRDS	D	-0.01%
BHB	D	-0.01%
TRTX	D	-0.01%
TIPT	C	-0.01%
AMBC	F	-0.01%
LPRO	C	-0.01%
CAC	C	-0.01%
EZPW	D	-0.01%
MSBI	D	-0.01%
GDOT	D	-0.01%
CCB	B	-0.01%
TRST	D	-0.01%
FSBC	C	-0.01%
WASH	C	-0.01%
THFF	D	-0.01%
IIIV	F	-0.01%
FMNB	D	-0.01%
TMP	D	-0.01%
EQBK	C	-0.01%
AMTB	F	-0.01%
PRA	C	-0.01%
EGBN	D	-0.01%
IMXI	D	-0.01%
TFSL	D	-0.01%
TREE	C	-0.01%
RBCAA	C	-0.01%
KREF	C	-0.01%
CFFN	D	-0.01%
CPF	C	-0.01%
PFBC	D	-0.01%
CASS	D	-0.01%
AMAL	D	-0.01%
UVE	C	-0.01%
BFST	C	-0.01%
RPAY	F	-0.01%
HTBK	D	-0.01%
FCBC	D	-0.01%
FG	C	-0.01%
OSBC	D	-0.01%
HFWA	D	-0.01%
BFC	D	-0.01%
PRAA	F	-0.01%
MCBS	C	-0.01%
FMBH	D	-0.01%
BSIG	C	-0.01%
HBNC	D	-0.01%
BY	D	-0.01%
AMSF	C	-0.01%
CFB	D	-0.01%
MBWM	D	-0.01%
BHRB	D	-0.01%
FBMS	C	-0.01%
CTBI	D	-0.01%
BRSP	D	-0.01%
BRKL	C	-0.01%
DX	B	-0.01%
CMTG	F	-0.01%
OBK	D	-0.01%
SBSI	D	-0.01%
DCOM	C	-0.01%
HCI	C	-0.01%
IBCP	D	-0.01%
CNOB	C	-0.01%
ECPG	D	-0.01%
UVSP	C	-0.01%
PFC	D	-0.01%
MBIN	D	-0.01%
OCFC	B	-0.01%
RWT	C	-0.01%
AROW	D	-0.0%
RILY	F	-0.0%
GCBC	D	-0.0%
DHIL	C	-0.0%
DGICA	C	-0.0%
KRNY	D	-0.0%
HGTY	D	-0.0%
HBT	D	-0.0%