FTQI vs. FQAL ETF Comparison

Comparison of First Trust Low Beta Income ETF (FTQI) to Fidelity Quality Factor ETF (FQAL)

FTQI

First Trust Low Beta Income ETF

FTQI Description

The investment seeks to provide current income. The fund will pursue its objective by investing in large cap equity securities listed on U.S. exchanges and by utilizing an "option strategy" consisting of buying U.S. exchange-traded put options on the Standard & Poor's 500(c) Index (the "index") and writing (selling) U.S. exchange-traded covered call options on 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 buy and write will be limited to U.S. exchange-traded securities and options. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$20.89

Average Daily Volume

181,406

Number of Holdings ^*

195

* may have additional holdings in another (foreign) market

FQAL

Fidelity Quality Factor ETF

FQAL Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity U.S. Quality Factor Index. Normally investing at least 80% of assets in securities included in the Fidelity U.S. Quality Factor Index, which is designed to reflect the performance of stocks of large and mid-capitalization U.S. companies with a higher quality profile than the broader market.

Grade (RS Rating)

Last Trade

$67.19

Average Daily Volume

29,912

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	FTQI	FQAL
30 Days	2.45%	2.60%
60 Days	3.28%	4.35%
90 Days	5.53%	5.86%
12 Months	18.20%	30.56%

29 Overlapping Holdings

Symbol	Grade	Weight in FTQI	Weight in FQAL	Overlap
AAPL	C	9.03%	6.62%	6.62%
ABBV	D	0.17%	1.14%	0.17%
ACGL	D	0.05%	0.71%	0.05%
ADBE	C	1.22%	0.97%	0.97%
AMT	D	0.27%	0.27%	0.27%
AVGO	D	4.07%	2.0%	2.0%
CAT	B	0.15%	0.77%	0.15%
CL	D	0.19%	0.36%	0.19%
CME	A	0.96%	0.85%	0.85%
COST	B	2.64%	1.01%	1.01%
EWBC	A	0.28%	0.78%	0.28%
GOOGL	C	1.87%	3.69%	1.87%
LIN	D	1.19%	0.52%	0.52%
LLY	F	0.9%	1.72%	0.9%
LOW	D	0.12%	1.02%	0.12%
MEDP	D	0.27%	0.57%	0.27%
META	D	4.15%	2.51%	2.51%
MSFT	F	8.03%	6.3%	6.3%
MTD	D	0.11%	0.58%	0.11%
NFLX	A	2.4%	0.97%	0.97%
NVDA	C	5.22%	7.24%	5.22%
PGR	A	0.14%	1.0%	0.14%
QCOM	F	1.11%	0.91%	0.91%
RGLD	C	0.13%	0.15%	0.13%
SBAC	D	0.28%	0.16%	0.16%
SPGI	C	0.6%	0.92%	0.6%
V	A	0.24%	1.61%	0.24%
VEEV	C	0.13%	0.84%	0.13%
XOM	B	0.15%	1.16%	0.15%

FTQI Overweight 166 Positions Relative to FQAL

Symbol	Grade	Weight
AMZN	C	4.39%
TSLA	B	3.05%
GOOG	C	1.87%
TMUS	B	1.78%
CSCO	B	1.56%
TXN	C	1.54%
AMD	F	1.45%
PEP	F	1.45%
INTU	C	1.32%
EQIX	A	1.25%
NTAP	C	0.79%
ORCL	B	0.75%
CHKP	D	0.72%
CRM	B	0.58%
APH	A	0.58%
MGEE	C	0.58%
APP	B	0.52%
UFPI	B	0.51%
PTC	A	0.5%
LNT	A	0.49%
DUOL	A	0.48%
NOW	A	0.46%
CASY	A	0.43%
TYL	B	0.4%
WMT	A	0.39%
BGC	C	0.39%
STX	D	0.38%
ZBRA	B	0.37%
CG	A	0.37%
NDAQ	A	0.36%
A	D	0.34%
WFRD	D	0.31%
IESC	B	0.31%
ANET	C	0.29%
PAGP	A	0.29%
BCPC	B	0.29%
TSCO	D	0.28%
SNY	F	0.28%
MORN	B	0.28%
PNFP	B	0.27%
OTTR	C	0.27%
EVRG	A	0.26%
SOFI	A	0.26%
WWD	B	0.25%
LITE	B	0.25%
AXON	A	0.25%
ICLR	D	0.25%
UMBF	B	0.24%
CYBR	B	0.24%
UPST	B	0.24%
IDCC	A	0.24%
COIN	C	0.24%
STRL	B	0.24%
MTSI	B	0.23%
HOOD	B	0.23%
MSI	B	0.22%
ERIE	D	0.22%
RVMD	C	0.22%
PTEN	C	0.22%
EXPE	B	0.22%
NBIX	C	0.21%
COKE	C	0.2%
PODD	C	0.2%
NTRA	B	0.2%
MANH	D	0.2%
DJT	C	0.2%
MPWR	F	0.2%
FFIV	B	0.2%
SAIA	B	0.2%
INCY	C	0.19%
NTRS	A	0.19%
FCNCA	A	0.18%
AAON	B	0.18%
HBAN	A	0.18%
REG	B	0.18%
NOVT	D	0.18%
ZION	B	0.18%
ICUI	D	0.18%
UTHR	C	0.18%
MKSI	C	0.18%
CHRW	C	0.18%
TRMB	B	0.18%
VRNS	D	0.18%
OLLI	D	0.18%
GH	B	0.17%
CINF	A	0.17%
MDGL	B	0.17%
DOX	D	0.17%
SSNC	B	0.17%
EBAY	D	0.17%
OLED	D	0.17%
LECO	B	0.16%
WIX	B	0.16%
MASI	A	0.16%
ARGX	A	0.16%
ITRI	B	0.16%
JAZZ	B	0.16%
MUSA	A	0.16%
PCVX	D	0.16%
BNTX	D	0.16%
FITB	A	0.16%
WTW	B	0.16%
LSTR	D	0.15%
POOL	C	0.15%
AXP	A	0.15%
JBHT	C	0.15%
FRPT	B	0.14%
PH	A	0.14%
RMD	C	0.14%
BSY	D	0.14%
ETN	A	0.14%
ENSG	D	0.14%
HALO	F	0.14%
CHDN	B	0.14%
ULTA	F	0.14%
MKTX	D	0.13%
TECH	D	0.13%
MIDD	C	0.13%
SFM	A	0.13%
MRUS	F	0.13%
WAT	B	0.13%
CYTK	F	0.13%
TTEK	F	0.13%
VMC	B	0.13%
GE	D	0.12%
VKTX	F	0.12%
ALNY	D	0.12%
LANC	C	0.12%
KRYS	B	0.12%
TWST	D	0.12%
ROIV	C	0.12%
UFPT	B	0.11%
WM	A	0.11%
SHOO	D	0.11%
TROW	B	0.1%
MMYT	B	0.09%
BL	B	0.09%
DOCU	A	0.09%
LOGI	D	0.09%
HOLX	D	0.09%
TRMD	F	0.09%
CRVL	A	0.09%
CVLT	B	0.08%
CSWI	A	0.07%
BMRN	D	0.06%
ASND	D	0.05%
NWSA	B	0.05%
TW	A	0.05%
GEV	B	0.05%
CVCO	A	0.04%
APA	D	0.03%
QRVO	F	0.03%
RGEN	D	0.02%
OKTA	C	0.02%
REYN	D	0.01%
RXST	F	0.01%
TMDX	F	0.01%
ACHC	F	0.01%
LEGN	F	0.01%
ACLS	F	0.01%
APLS	D	0.01%
LNTH	D	0.01%
XRAY	F	0.01%
SRPT	D	0.01%
EXAS	D	0.01%
RPRX	D	0.01%

FTQI Underweight 95 Positions Relative to FQAL

Symbol	Grade	Weight
HD	A	-1.5%
MA	C	-1.48%
JNJ	D	-1.35%
BKNG	A	-1.21%
MCD	D	-1.11%
BX	A	-1.05%
ACN	C	-1.05%
BMY	B	-1.02%
GILD	C	-1.0%
PG	A	-0.98%
FICO	B	-0.96%
PANW	C	-0.96%
AMP	A	-0.92%
VRTX	F	-0.86%
GRMN	B	-0.86%
ORLY	B	-0.84%
CPAY	A	-0.82%
ZTS	D	-0.81%
CFR	B	-0.77%
AMAT	F	-0.77%
MCO	B	-0.76%
MSCI	C	-0.75%
AZO	C	-0.75%
ABNB	C	-0.75%
JXN	C	-0.74%
YUM	B	-0.72%
CBSH	A	-0.71%
DPZ	C	-0.69%
CVX	A	-0.68%
LRCX	F	-0.67%
IDXX	F	-0.67%
KO	D	-0.66%
KNSL	B	-0.65%
QLYS	C	-0.64%
ADP	B	-0.64%
KLAC	D	-0.64%
WSM	B	-0.63%
PM	B	-0.63%
UNP	C	-0.61%
T	A	-0.57%
LMT	D	-0.56%
VZ	C	-0.56%
CTAS	B	-0.55%
GWW	B	-0.55%
ITW	B	-0.54%
FAST	B	-0.53%
AME	A	-0.52%
MMM	D	-0.5%
TDG	D	-0.49%
CSX	B	-0.49%
PAYX	C	-0.49%
CPRT	A	-0.48%
NEE	D	-0.47%
VRSK	A	-0.46%
OTIS	C	-0.45%
ODFL	B	-0.45%
MO	A	-0.44%
VST	B	-0.43%
COP	C	-0.41%
TTD	B	-0.41%
MDLZ	F	-0.38%
SO	D	-0.36%
CEG	D	-0.36%
WMB	A	-0.34%
EOG	A	-0.32%
MNST	C	-0.31%
KMB	D	-0.31%
TPL	A	-0.31%
PLD	D	-0.3%
SHW	A	-0.3%
LNG	B	-0.28%
NRG	B	-0.27%
WEC	A	-0.26%
SPG	B	-0.25%
HSY	F	-0.25%
FCX	D	-0.24%
ECL	D	-0.24%
PSA	D	-0.23%
O	D	-0.21%
NFG	A	-0.2%
AM	A	-0.19%
EXR	D	-0.19%
UGI	A	-0.19%
AVB	B	-0.19%
MLM	B	-0.19%
WHD	B	-0.18%
VICI	C	-0.18%
NUE	C	-0.18%
RS	B	-0.17%
EQR	B	-0.17%
CF	B	-0.17%
ESS	B	-0.16%
EXP	A	-0.16%
AVY	D	-0.15%
GLPI	C	-0.14%