FXL vs. ITAN ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Sparkline Intangible Value ETF (ITAN)

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

$154.02

Average Daily Volume

17,257

Number of Holdings ^*

102

* may have additional holdings in another (foreign) market

ITAN

Sparkline Intangible Value ETF

ITAN Description

The investment seeks long-term capital appreciation. The fund is an actively-managed exchange-traded fund (âETFâ). The fund will invest in U.S.-listed equity securities that Sparkline Capital LP (the âSub-Adviserâ) believes are attractive relative to its proprietary measure of âintangible-augmented intrinsic value.â The fundâs investments may include common stocks and Real Estate Investment Trusts (REITs). Although the fund will not concentrate its investments in a particular industry, the Sub-Adviser anticipates that fund will hold a meaningful amount of stocks in the technology, communications, healthcare, and consumer discretionary sectors.

Grade (RS Rating)

Last Trade

$32.05

Average Daily Volume

1,878

Number of Holdings ^*

151

* may have additional holdings in another (foreign) market

Performance

Period	FXL	ITAN
30 Days	10.22%	5.34%
60 Days	12.16%	7.33%
90 Days	12.82%	9.71%
12 Months	31.26%	31.35%

32 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in ITAN	Overlap
ADSK	A	0.66%	0.64%	0.64%
AKAM	D	1.04%	0.32%	0.32%
ARW	D	1.35%	0.23%	0.23%
CACI	D	0.91%	0.41%	0.41%
CRM	B	0.72%	2.14%	0.72%
CTSH	B	1.63%	0.8%	0.8%
DASH	A	1.89%	0.71%	0.71%
DBX	B	1.01%	0.37%	0.37%
DELL	C	1.06%	1.11%	1.06%
DOCU	A	1.53%	0.53%	0.53%
DOX	D	1.16%	0.24%	0.24%
FFIV	B	1.03%	0.46%	0.46%
GLW	B	0.31%	0.59%	0.31%
GOOGL	C	0.63%	2.09%	0.63%
HPE	B	1.62%	0.63%	0.63%
HPQ	B	1.21%	0.72%	0.72%
IBM	C	0.56%	1.69%	0.56%
INTC	D	1.26%	1.26%	1.26%
JBL	B	1.28%	0.37%	0.37%
META	D	1.57%	2.87%	1.57%
MTCH	D	0.77%	0.23%	0.23%
NTAP	C	0.89%	0.6%	0.6%
NTNX	A	1.12%	0.49%	0.49%
ORCL	B	1.3%	2.31%	1.3%
PANW	C	1.08%	0.89%	0.89%
PSTG	D	0.29%	0.39%	0.29%
QCOM	F	0.9%	1.55%	0.9%
SWKS	F	1.32%	0.32%	0.32%
TWLO	A	1.39%	0.49%	0.49%
U	C	0.49%	0.25%	0.25%
WDAY	B	0.33%	0.7%	0.33%
ZM	B	1.4%	0.54%	0.54%

FXL Overweight 70 Positions Relative to ITAN

Symbol	Grade	Weight
APP	B	3.39%
PLTR	B	2.47%
TOST	B	2.22%
VRT	B	1.89%
PEGA	A	1.88%
GWRE	A	1.66%
GFS	C	1.65%
DXC	B	1.62%
PAYC	B	1.6%
SMAR	A	1.57%
IPGP	D	1.57%
AVT	C	1.52%
ON	D	1.44%
FTNT	C	1.44%
NVDA	C	1.43%
GDDY	A	1.4%
NOW	A	1.38%
AMKR	D	1.32%
DNB	B	1.27%
TYL	B	1.25%
CNXC	F	1.21%
DT	C	1.19%
MANH	D	1.18%
AVGO	D	1.17%
EPAM	C	1.15%
MSTR	C	1.15%
SNX	C	1.14%
RNG	B	1.08%
S	B	1.07%
IT	C	0.99%
CRUS	D	0.97%
SSNC	B	0.93%
HCP	B	0.93%
AAPL	C	0.91%
DLB	B	0.89%
AMAT	F	0.86%
SAIC	F	0.84%
MPWR	F	0.74%
DAY	B	0.74%
DV	C	0.71%
GLOB	B	0.68%
APH	A	0.66%
ROP	B	0.6%
TXN	C	0.59%
LSCC	D	0.57%
VRSN	F	0.57%
KBR	F	0.55%
IAC	D	0.52%
MCHP	D	0.48%
OLED	D	0.47%
ONTO	D	0.47%
TER	D	0.47%
PYCR	C	0.36%
CRWD	B	0.36%
KD	B	0.36%
GTLB	B	0.35%
NET	B	0.34%
DDOG	A	0.34%
ANSS	B	0.32%
GEN	B	0.32%
INFA	D	0.3%
APPF	B	0.29%
MSFT	F	0.29%
MU	D	0.28%
ADI	D	0.27%
SMCI	F	0.26%
KLAC	D	0.25%
AMD	F	0.25%
ALGM	D	0.25%
CDW	F	0.24%

FXL Underweight 119 Positions Relative to ITAN

Symbol	Grade	Weight
AMZN	C	-4.86%
GOOG	C	-2.09%
CSCO	B	-1.78%
ACN	C	-1.6%
T	A	-1.55%
WFC	A	-1.51%
TMUS	B	-1.42%
VZ	C	-1.3%
PFE	D	-1.28%
RTX	C	-1.23%
HON	B	-1.21%
MDT	D	-1.18%
DIS	B	-1.1%
PYPL	B	-1.1%
COF	B	-1.09%
CMCSA	B	-1.06%
TGT	F	-1.03%
BMY	B	-1.03%
GM	B	-1.0%
BA	F	-0.96%
GILD	C	-0.92%
NOC	D	-0.91%
CVS	D	-0.9%
MMM	D	-0.89%
SQ	B	-0.87%
FDX	B	-0.85%
CMI	A	-0.84%
F	C	-0.82%
LHX	C	-0.74%
CHTR	C	-0.72%
ALL	A	-0.72%
BDX	F	-0.7%
GD	F	-0.7%
UAL	A	-0.7%
JCI	C	-0.69%
EBAY	D	-0.66%
NXPI	D	-0.66%
DAL	C	-0.6%
EXPE	B	-0.58%
CVNA	B	-0.56%
LDOS	C	-0.55%
CNC	D	-0.54%
ILMN	D	-0.54%
WBD	C	-0.53%
EA	A	-0.53%
CAH	B	-0.53%
PRU	A	-0.53%
WDC	D	-0.53%
HUM	C	-0.53%
SNAP	C	-0.51%
KR	B	-0.51%
ZS	C	-0.51%
VTRS	A	-0.49%
BAH	F	-0.47%
BBY	D	-0.46%
IQV	D	-0.46%
ZBRA	B	-0.46%
J	F	-0.45%
ROK	B	-0.45%
LH	C	-0.45%
OKTA	C	-0.44%
BAX	D	-0.44%
DD	D	-0.44%
DGX	A	-0.43%
TRMB	B	-0.43%
BIIB	F	-0.42%
JNPR	F	-0.42%
ACM	A	-0.42%
CIEN	B	-0.41%
LMT	D	-0.39%
ROKU	D	-0.39%
AAL	B	-0.38%
LUMN	C	-0.37%
JLL	D	-0.37%
LYFT	C	-0.37%
DVA	B	-0.36%
IP	B	-0.34%
EMN	D	-0.34%
TRU	D	-0.34%
TPR	B	-0.34%
NWSA	B	-0.33%
JAZZ	B	-0.32%
ALLY	C	-0.32%
TAP	C	-0.31%
ELAN	D	-0.3%
ACI	C	-0.3%
TXT	D	-0.3%
SWK	D	-0.29%
ETSY	D	-0.29%
WBA	F	-0.29%
ANF	C	-0.28%
G	B	-0.28%
PARA	C	-0.28%
RIVN	F	-0.27%
BIO	D	-0.27%
WHR	B	-0.27%
HAS	D	-0.26%
MASI	A	-0.26%
BOX	B	-0.26%
EXAS	D	-0.26%
FAF	A	-0.25%
W	F	-0.25%
PATH	C	-0.24%
ALK	C	-0.24%
GAP	C	-0.24%
IVZ	B	-0.24%
MAT	D	-0.24%
UAA	C	-0.24%
FLS	B	-0.23%
BWA	D	-0.22%
NOV	C	-0.22%
RHI	B	-0.22%
HRB	D	-0.21%
QRVO	F	-0.2%
AGCO	D	-0.19%
HOG	D	-0.19%
M	D	-0.16%
RUN	F	-0.14%
XRAY	F	-0.13%

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