FVD vs. BTAL ETF Comparison

Comparison of First Trust VL Dividend (FVD) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

FVD

First Trust VL Dividend

FVD 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 Value Line(R) Dividend Index(TM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified equal-dollar weighted index comprised of U.S. exchange-listed securities of companies that pay above-average dividends and have potential for capital appreciation.

Grade (RS Rating)

Last Trade

$46.22

Average Daily Volume

492,100

Number of Holdings ^*

201

* 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

$19.03

Average Daily Volume

467,825

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

Performance

Period	FVD	BTAL
30 Days	1.30%	-2.59%
60 Days	2.29%	-1.84%
90 Days	4.18%	-2.74%
12 Months	21.56%	-5.88%

67 Overlapping Holdings

Symbol	Grade	Weight in FVD	Weight in BTAL	Overlap
ABBV	F	0.42%	0.36%	0.36%
ACN	B	0.45%	0.44%	0.44%
ADP	A	0.48%	0.46%	0.46%
AEE	A	0.47%	0.49%	0.47%
AIZ	A	0.52%	0.48%	0.48%
ALL	A	0.47%	0.48%	0.47%
AMGN	F	0.43%	0.37%	0.37%
AWK	C	0.44%	-0.42%	-0.42%
BLK	B	0.49%	-0.54%	-0.54%
BMY	B	0.52%	0.51%	0.51%
CB	C	0.45%	0.45%	0.45%
CHRW	B	0.48%	0.45%	0.45%
CME	B	0.46%	0.47%	0.46%
CMS	C	0.44%	0.44%	0.44%
CPB	D	0.44%	0.38%	0.38%
CSCO	B	0.48%	0.49%	0.48%
CSX	C	0.49%	0.45%	0.45%
CTSH	B	0.49%	0.43%	0.43%
DGX	A	0.49%	0.45%	0.45%
DLB	B	0.46%	0.43%	0.43%
DOX	D	0.44%	0.43%	0.43%
DUK	C	0.43%	0.43%	0.43%
ED	C	0.42%	0.42%	0.42%
FLO	D	0.45%	0.42%	0.42%
G	B	0.54%	0.49%	0.49%
GD	D	0.44%	0.41%	0.41%
GILD	C	0.5%	0.49%	0.49%
GIS	D	0.44%	0.38%	0.38%
HON	C	0.48%	0.47%	0.47%
IBM	C	0.42%	0.45%	0.42%
JNJ	C	0.43%	0.42%	0.42%
JNPR	D	0.45%	0.39%	0.39%
KHC	F	0.42%	0.38%	0.38%
KO	D	0.42%	0.37%	0.37%
KR	B	0.49%	0.47%	0.47%
LMT	D	0.41%	0.38%	0.38%
LNT	A	0.45%	0.46%	0.45%
MCD	D	0.44%	0.42%	0.42%
MKC	C	0.45%	0.41%	0.41%
MMC	B	0.46%	0.42%	0.42%
MSM	C	0.48%	0.43%	0.43%
NEU	D	0.49%	0.44%	0.44%
NOC	D	0.44%	0.4%	0.4%
NWE	B	0.46%	-0.45%	-0.45%
PAYX	B	0.48%	0.47%	0.47%
PFE	F	0.42%	0.37%	0.37%
PKG	A	0.5%	0.49%	0.49%
PNW	A	0.48%	0.45%	0.45%
RTX	D	0.44%	0.43%	0.43%
SIGI	C	0.47%	0.48%	0.47%
SLGN	A	0.49%	0.46%	0.46%
SNA	A	0.51%	0.55%	0.51%
SNX	D	0.45%	0.41%	0.41%
T	A	0.48%	0.5%	0.48%
TGT	F	0.47%	-0.44%	-0.44%
THG	A	0.49%	0.51%	0.49%
TJX	A	0.48%	0.43%	0.43%
TROW	B	0.49%	-0.48%	-0.48%
TRV	B	0.46%	0.52%	0.46%
UNH	B	0.48%	0.43%	0.43%
VZ	C	0.43%	0.44%	0.43%
WEC	A	0.45%	0.46%	0.45%
WM	B	0.49%	0.45%	0.45%
WTW	B	0.5%	0.45%	0.45%
XEL	A	0.51%	0.5%	0.5%
XOM	B	0.47%	0.44%	0.44%
YUM	D	0.47%	0.43%	0.43%

FVD Overweight 134 Positions Relative to BTAL

Symbol	Grade	Weight
GRMN	B	0.59%
GATX	A	0.54%
EMR	B	0.54%
CBSH	B	0.54%
GS	A	0.53%
DTM	A	0.53%
PINC	B	0.53%
RHI	C	0.53%
INGR	C	0.52%
MS	A	0.52%
IDA	A	0.52%
SEIC	B	0.52%
MO	A	0.52%
ETR	B	0.51%
CMI	A	0.51%
IOSP	C	0.51%
IEX	C	0.51%
JCI	B	0.51%
SRE	A	0.5%
NSC	B	0.5%
WSO	A	0.5%
HLI	A	0.5%
LANC	C	0.5%
CVX	A	0.5%
CMCSA	B	0.5%
UVV	B	0.5%
WERN	C	0.5%
PM	B	0.5%
WDFC	B	0.5%
JPM	A	0.5%
ITW	B	0.49%
CPK	A	0.49%
NDAQ	A	0.49%
TXN	C	0.49%
FAST	B	0.49%
BK	A	0.48%
OTTR	C	0.48%
DCI	B	0.48%
TM	F	0.48%
EVRG	A	0.48%
SBUX	A	0.48%
GNTX	C	0.48%
NI	A	0.48%
SCL	C	0.48%
CLX	A	0.48%
BKH	A	0.48%
SWX	B	0.48%
BTI	B	0.48%
LECO	C	0.48%
BR	A	0.48%
BRC	D	0.47%
AGR	A	0.47%
ALE	A	0.47%
NWN	A	0.47%
OGS	A	0.47%
EXPD	C	0.47%
UPS	C	0.47%
STZ	D	0.47%
SXT	C	0.47%
NDSN	B	0.47%
NJR	A	0.47%
PPL	A	0.47%
ATO	A	0.47%
MSEX	C	0.47%
EQIX	A	0.47%
UNP	C	0.46%
CNI	F	0.46%
MMM	D	0.46%
INFY	C	0.46%
ABT	B	0.46%
PG	C	0.46%
AWR	B	0.46%
CAT	B	0.46%
CALM	A	0.46%
SR	A	0.46%
POOL	C	0.46%
K	A	0.46%
HD	B	0.46%
TD	D	0.46%
PSA	C	0.46%
JJSF	C	0.46%
LHX	C	0.46%
PPG	F	0.45%
TAK	D	0.45%
SON	F	0.45%
PEG	A	0.45%
NFG	A	0.45%
HSY	F	0.45%
DE	B	0.45%
EIX	B	0.45%
HRL	D	0.45%
CNA	C	0.45%
AFL	B	0.45%
LOW	C	0.45%
SO	C	0.44%
AEP	C	0.44%
ADI	D	0.44%
TSCO	D	0.44%
CWT	C	0.44%
EXC	C	0.44%
PEP	F	0.44%
BDX	F	0.44%
MDT	D	0.44%
OTIS	C	0.44%
POR	C	0.44%
BAH	F	0.44%
WTRG	B	0.44%
APD	A	0.44%
CL	D	0.43%
MMS	F	0.43%
UL	D	0.43%
SJM	D	0.43%
MRK	D	0.43%
REYN	D	0.43%
AVY	F	0.43%
AOS	F	0.43%
NKE	F	0.43%
ES	C	0.43%
CAG	F	0.43%
RIO	D	0.43%
MDLZ	F	0.43%
DTE	C	0.43%
TSM	B	0.43%
NVS	F	0.42%
GSK	F	0.42%
KDP	F	0.42%
SJW	F	0.42%
KMB	C	0.42%
DEO	F	0.41%
SNY	F	0.41%
BAX	F	0.4%
AZN	F	0.39%
HMC	F	0.39%
HII	F	0.35%

FVD Underweight 325 Positions Relative to BTAL

Symbol	Grade	Weight
MSTR	B	-1.19%
BILL	A	-0.68%
IBKR	A	-0.62%
SFM	A	-0.6%
LPLA	A	-0.59%
PAYC	B	-0.59%
HQY	A	-0.58%
UNM	A	-0.57%
ALSN	B	-0.56%
KMI	A	-0.56%
CFLT	B	-0.56%
NWL	C	-0.54%
BKR	A	-0.53%
PCTY	C	-0.53%
MKL	A	-0.53%
WH	B	-0.53%
BWXT	B	-0.53%
TGNA	B	-0.53%
FFIV	B	-0.52%
FTNT	C	-0.52%
TXRH	B	-0.51%
MSI	B	-0.51%
RLI	A	-0.51%
PCAR	B	-0.51%
MCK	A	-0.51%
LNG	A	-0.51%
WELL	A	-0.5%
CHH	A	-0.5%
PNM	B	-0.5%
ORLY	B	-0.5%
CINF	A	-0.49%
TMUS	B	-0.49%
VFC	C	-0.48%
FOXA	A	-0.48%
RGA	A	-0.48%
VTRS	A	-0.48%
LULU	C	-0.48%
AXS	A	-0.48%
TDY	B	-0.48%
BRO	B	-0.47%
SBRA	C	-0.47%
DBX	B	-0.47%
CHD	A	-0.47%
GLW	B	-0.47%
AON	A	-0.47%
HEI	A	-0.47%
CW	C	-0.47%
RYAN	A	-0.47%
EDR	A	-0.46%
DRI	B	-0.46%
WEN	D	-0.46%
RNR	C	-0.46%
CF	A	-0.46%
ORI	A	-0.46%
UTHR	C	-0.45%
WRB	A	-0.45%
CMG	B	-0.45%
REG	A	-0.45%
AVB	B	-0.45%
ARMK	B	-0.45%
PGR	A	-0.45%
HIG	B	-0.45%
COR	B	-0.45%
ADC	A	-0.45%
HPQ	B	-0.45%
L	A	-0.45%
ROP	B	-0.45%
JAZZ	B	-0.44%
DECK	A	-0.44%
EQR	C	-0.44%
BWA	D	-0.44%
CDP	C	-0.44%
CBOE	C	-0.43%
VRSN	C	-0.43%
CLH	C	-0.43%
ZI	D	-0.43%
MSFT	D	-0.43%
MUSA	B	-0.43%
DD	C	-0.43%
X	B	-0.43%
RSG	A	-0.43%
OHI	C	-0.43%
ELS	C	-0.43%
CCK	D	-0.43%
COLM	C	-0.43%
AVT	C	-0.42%
VICI	C	-0.42%
CACI	D	-0.42%
CXT	C	-0.42%
GLPI	C	-0.42%
EG	C	-0.42%
HRB	D	-0.41%
J	D	-0.41%
WPC	C	-0.41%
OLLI	D	-0.41%
PAG	B	-0.41%
BG	D	-0.4%
SAIC	F	-0.4%
CI	D	-0.4%
CHE	D	-0.4%
MSA	F	-0.4%
TXT	D	-0.4%
ASGN	F	-0.39%
WTM	A	-0.39%
AMCR	C	-0.39%
O	C	-0.39%
FANG	C	-0.39%
ON	D	-0.38%
ACGL	C	-0.38%
ERIE	D	-0.38%
OXY	D	-0.38%
MOS	F	-0.38%
FCN	F	-0.38%
FMC	D	-0.37%
MAN	F	-0.37%
KBR	F	-0.37%
ARW	D	-0.37%
GPC	D	-0.37%
TNET	F	-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%
ELV	F	-0.33%
MDU	D	-0.32%
CNC	D	-0.32%
SRPT	F	-0.32%
BMRN	F	-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	F	--0.3%
EL	F	--0.31%
TER	F	--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	D	--0.35%
AES	F	--0.35%
LRCX	F	--0.36%
TFX	F	--0.36%
DKS	D	--0.37%
WMS	F	--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	F	--0.39%
IDXX	F	--0.39%
KSS	F	--0.39%
ELAN	D	--0.39%
PINS	F	--0.4%
WBA	F	--0.4%
ARE	F	--0.4%
FND	D	--0.4%
MKSI	C	--0.4%
AMD	F	--0.4%
BLD	D	--0.4%
KMX	B	--0.4%
FBIN	D	--0.41%
ROIV	C	--0.41%
AGNC	C	--0.41%
W	D	--0.41%
POWI	F	--0.41%
CRL	D	--0.41%
DNLI	D	--0.42%
CHX	C	--0.42%
FCX	F	--0.42%
CZR	F	--0.42%
UBER	F	--0.42%
CWEN	C	--0.42%
CSGP	D	--0.42%
MU	D	--0.43%
ILMN	C	--0.43%
CC	C	--0.43%
CRSP	D	--0.43%
MGM	D	--0.43%
ALGN	D	--0.43%
PATH	C	--0.43%
SSD	F	--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	C	--0.44%
RYN	D	--0.44%
APG	B	--0.44%
BBWI	C	--0.44%
TREX	C	--0.45%
D	C	--0.45%
DAR	C	--0.45%
CARR	C	--0.45%
MTDR	B	--0.45%
RMD	C	--0.45%
AVGO	D	--0.45%
OC	A	--0.46%
SMG	C	--0.46%
VEEV	C	--0.46%
BXP	C	--0.46%
LAMR	C	--0.46%
ZS	B	--0.46%
KRC	B	--0.46%
JLL	D	--0.46%
ANET	C	--0.46%
PENN	C	--0.46%
TOL	B	--0.47%
ROKU	D	--0.47%
HHH	B	--0.47%
SHW	B	--0.47%
NVDA	B	--0.48%
LNC	C	--0.48%
AXTA	B	--0.49%
OZK	B	--0.49%
USFD	A	--0.49%
PFGC	B	--0.49%
ITT	A	--0.49%
NRG	B	--0.49%
WAL	B	--0.49%
GH	B	--0.49%
SNAP	D	--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	B	--0.51%
PWR	A	--0.51%
GNRC	C	--0.51%
TT	A	--0.51%
CBRE	B	--0.51%
RBLX	C	--0.51%
RRC	B	--0.51%
LPX	B	--0.52%
CEG	C	--0.52%
COHR	B	--0.52%
PEN	B	--0.52%
ETN	A	--0.52%
IOT	A	--0.52%
URI	C	--0.52%
VNO	C	--0.52%
PYPL	B	--0.52%
ALB	B	--0.52%
DELL	B	--0.53%
ZION	B	--0.53%
MDB	B	--0.53%
AR	B	--0.53%
JHG	B	--0.53%
EXP	B	--0.53%
RH	C	--0.53%
FYBR	C	--0.53%
DKNG	B	--0.53%
INTC	C	--0.54%
SNV	C	--0.54%
FOUR	A	--0.54%
NTRS	A	--0.54%
XPO	B	--0.54%
CMA	B	--0.54%
CG	B	--0.55%
KKR	A	--0.55%
PNFP	B	--0.55%
WCC	B	--0.55%
AA	A	--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	A	--0.56%
BX	A	--0.57%
CRWD	B	--0.57%
GTLS	A	--0.58%
OWL	A	--0.58%
TPG	A	--0.58%
EQT	B	--0.59%
PODD	C	--0.59%
DASH	B	--0.59%
SAIA	B	--0.59%
SQ	A	--0.6%
LYV	A	--0.62%
LITE	B	--0.62%
DUOL	A	--0.63%
CCL	A	--0.63%
LYFT	C	--0.65%
VRT	B	--0.67%
CVNA	B	--0.68%
DAL	B	--0.68%
PTON	A	--0.69%
TSLA	B	--0.7%
TOST	B	--0.71%
COIN	C	--0.71%
HOOD	B	--0.72%
AXON	A	--0.74%
VST	A	--0.76%
SOFI	B	--0.79%
AFRM	A	--0.84%
PLTR	B	--0.87%