FXL vs. CVRD ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Madison Covered Call ETF (CVRD)

FXL

First Trust Technology AlphaDEX

FXL 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 StrataQuant(R) Technology Index. The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by NYSE Euronext to objectively identify and select stocks from the Russell 1000(R) Index in the technology sector that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$153.75

Average Daily Volume

17,215

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

CVRD

Madison Covered Call ETF

CVRD Description

The fund will seek to achieve its objectives by (1) investing in common stocks of equity securities that pay dividends and (2) writing (i.e., selling) covered call options on a substantial portion of its portfolio of securities. Under normal market conditions, the fund will invest at least 80% of its net assets (including any borrowings for investment purposes) in equity securities of companies, including other investment companies.

Grade (RS Rating)

Last Trade

$19.58

Average Daily Volume

6,650

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	CVRD
30 Days	7.01%	0.26%
60 Days	10.63%	1.28%
90 Days	10.92%	1.98%
12 Months	29.05%	8.96%

7 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in CVRD	Overlap
AMD	F	0.25%	1.86%	0.25%
APH	A	0.66%	1.57%	0.66%
GLW	B	0.31%	1.43%	0.31%
HPE	B	1.62%	1.54%	1.54%
MCHP	F	0.48%	2.04%	0.48%
MSFT	D	0.29%	2.49%	0.29%
TXN	C	0.59%	1.77%	0.59%

FXL Overweight 95 Positions Relative to CVRD

Symbol	Grade	Weight
APP	B	3.39%
PLTR	B	2.47%
TOST	B	2.22%
VRT	B	1.89%
DASH	B	1.89%
PEGA	B	1.88%
GWRE	A	1.66%
GFS	C	1.65%
CTSH	B	1.63%
DXC	B	1.62%
PAYC	B	1.6%
META	D	1.57%
SMAR	B	1.57%
IPGP	D	1.57%
DOCU	B	1.53%
AVT	C	1.52%
ON	D	1.44%
FTNT	C	1.44%
NVDA	B	1.43%
GDDY	A	1.4%
ZM	C	1.4%
TWLO	A	1.39%
NOW	A	1.38%
ARW	D	1.35%
AMKR	D	1.32%
SWKS	F	1.32%
ORCL	A	1.3%
JBL	C	1.28%
DNB	B	1.27%
INTC	C	1.26%
TYL	B	1.25%
HPQ	B	1.21%
CNXC	F	1.21%
DT	D	1.19%
MANH	D	1.18%
AVGO	D	1.17%
DOX	D	1.16%
EPAM	B	1.15%
MSTR	B	1.15%
SNX	D	1.14%
NTNX	B	1.12%
PANW	B	1.08%
RNG	C	1.08%
S	B	1.07%
DELL	B	1.06%
AKAM	D	1.04%
FFIV	B	1.03%
DBX	B	1.01%
IT	C	0.99%
CRUS	D	0.97%
SSNC	B	0.93%
HCP	B	0.93%
CACI	D	0.91%
AAPL	C	0.91%
QCOM	F	0.9%
NTAP	C	0.89%
DLB	B	0.89%
AMAT	F	0.86%
SAIC	F	0.84%
MTCH	D	0.77%
MPWR	F	0.74%
DAY	B	0.74%
CRM	B	0.72%
DV	C	0.71%
GLOB	B	0.68%
ADSK	A	0.66%
GOOGL	C	0.63%
ROP	B	0.6%
LSCC	D	0.57%
VRSN	C	0.57%
IBM	C	0.56%
KBR	F	0.55%
IAC	F	0.52%
U	C	0.49%
OLED	F	0.47%
ONTO	F	0.47%
TER	F	0.47%
PYCR	B	0.36%
CRWD	B	0.36%
KD	B	0.36%
GTLB	B	0.35%
NET	B	0.34%
DDOG	A	0.34%
WDAY	B	0.33%
ANSS	B	0.32%
GEN	B	0.32%
INFA	D	0.3%
APPF	B	0.29%
PSTG	D	0.29%
MU	D	0.28%
ADI	D	0.27%
SMCI	F	0.26%
KLAC	F	0.25%
ALGM	D	0.25%
CDW	F	0.24%

FXL Underweight 35 Positions Relative to CVRD

Symbol	Grade	Weight
CSCO	B	-3.92%
LVS	B	-3.7%
CME	B	-3.69%
GOOG	C	-3.44%
ADBE	C	-3.24%
V	A	-3.17%
PYPL	B	-3.02%
STZ	D	-2.89%
MDT	D	-2.82%
CMCSA	B	-2.81%
TMUS	B	-2.59%
ABT	B	-2.55%
APD	A	-2.37%
HON	C	-2.35%
ACN	B	-2.33%
AES	F	-2.19%
A	D	-2.18%
UPS	C	-2.1%
AMZN	C	-2.08%
EMR	B	-2.04%
ADM	D	-1.98%
LH	B	-1.72%
LOW	C	-1.7%
AMT	C	-1.67%
PEP	F	-1.67%
MTDR	B	-1.6%
UNP	C	-1.52%
JNJ	C	-1.47%
DHR	F	-1.42%
COP	C	-1.32%
FAST	B	-1.26%
ROST	D	-1.03%
RIG	D	-0.83%
DLTR	F	-0.8%
APA	D	-0.66%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Computer Systems Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Hardware Conglomerates Consumer Electronics Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction