FXL vs. IVES ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Wedbush ETFMG Global Cloud Technology ETF (IVES)

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

$139.51

Average Daily Volume

20,662

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES Description

The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”

Grade (RS Rating)

Last Trade

$48.38

Average Daily Volume

1,097

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	IVES
30 Days	6.94%	6.95%
60 Days	13.38%	13.75%
90 Days	1.06%	4.75%
12 Months	27.79%	40.14%

14 Overlapping Holdings

Symbol	Grade	Weight in FXL	Weight in IVES	Overlap
APPF	C	1.26%	1.58%	1.26%
CFLT	F	0.45%	1.19%	0.45%
DBX	C	0.74%	1.5%	0.74%
DDOG	B	0.83%	2.83%	0.83%
ESTC	F	0.88%	4.62%	0.88%
HCP	A	1.64%	1.28%	1.28%
MSTR	B	0.38%	3.41%	0.38%
NET	D	0.3%	2.86%	0.3%
NTAP	D	1.25%	2.8%	1.25%
NTNX	C	0.97%	2.62%	0.97%
OKTA	F	0.52%	2.37%	0.52%
PSTG	F	1.28%	2.88%	1.28%
SMAR	A	0.82%	1.43%	0.82%
SMCI	F	0.66%	2.97%	0.66%

FXL Overweight 87 Positions Relative to IVES

Symbol	Grade	Weight
APP	A	2.57%
PLTR	A	2.4%
VRT	B	1.88%
CTSH	B	1.86%
META	A	1.86%
GDDY	B	1.84%
TOST	B	1.8%
ARW	C	1.8%
AVGO	B	1.76%
GWRE	A	1.74%
AVT	B	1.73%
ON	F	1.73%
NVDA	B	1.61%
HPE	B	1.58%
SAIC	A	1.55%
GOOGL	B	1.49%
AKAM	D	1.47%
DOX	B	1.45%
JBL	C	1.44%
DXC	C	1.42%
DELL	C	1.41%
SNX	C	1.36%
HPQ	B	1.34%
PANW	B	1.32%
CNXC	F	1.32%
APH	D	1.27%
SWKS	F	1.21%
FFIV	B	1.2%
CRWD	D	1.2%
PINS	D	1.2%
DNB	D	1.16%
IPGP	D	1.15%
ORCL	A	1.13%
PEGA	B	1.13%
AMAT	C	1.12%
SSNC	C	1.11%
SNPS	F	1.11%
ZM	B	1.1%
TYL	D	1.09%
PAYC	D	1.09%
NOW	B	1.06%
MPWR	B	1.05%
AMKR	F	1.0%
EPAM	F	0.99%
INTC	D	0.99%
KBR	A	0.95%
OLED	B	0.93%
MSFT	D	0.9%
KLAC	B	0.88%
ONTO	B	0.88%
DASH	A	0.86%
IBM	A	0.84%
TER	C	0.84%
MTCH	B	0.81%
QCOM	D	0.8%
CACI	A	0.77%
MANH	A	0.75%
IAC	C	0.75%
GFS	F	0.74%
AAPL	C	0.72%
PTC	B	0.65%
CRUS	D	0.64%
INTU	F	0.62%
ADBE	F	0.61%
CDNS	D	0.58%
ZS	F	0.58%
MCHP	F	0.57%
ALGM	F	0.54%
LRCX	D	0.5%
GLW	C	0.36%
GLOB	D	0.35%
ADSK	B	0.35%
IT	A	0.35%
S	C	0.35%
TXN	C	0.33%
CRM	B	0.33%
VRSN	C	0.33%
AMD	C	0.32%
MRVL	C	0.32%
ROP	D	0.31%
ADI	B	0.31%
CDW	D	0.31%
DLB	D	0.3%
LSCC	D	0.29%
HUBS	D	0.28%
DV	F	0.27%
ENTG	D	0.26%

FXL Underweight 32 Positions Relative to IVES

Symbol	Grade	Weight
OTEX	D	-4.45%
GDS	B	-3.85%
IOT	C	-3.42%
MDB	D	-2.58%
GTLB	D	-1.54%
INFA	D	-1.42%
CVLT	B	-1.24%
ZETA	B	-1.21%
KD	D	-0.98%
VNET	B	-0.97%
BOX	C	-0.87%
BLKB	C	-0.8%
INTA	C	-0.71%
DOCN	B	-0.7%
KC	C	-0.66%
NCNO	F	-0.65%
FROG	F	-0.59%
RNG	F	-0.52%
TDC	D	-0.52%
APPN	C	-0.46%
NABL	F	-0.45%
JAMF	F	-0.41%
SWI	B	-0.4%
PDFS	F	-0.31%
APLD	C	-0.22%
GDYN	B	-0.2%
FSLY	D	-0.19%
RXT	C	-0.1%
UIS	C	-0.07%
EGHT	D	-0.05%
BLZE	D	-0.05%
DOMO	F	-0.05%

FXL: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Information Technology Services Semiconductor Equipment & Materials Internet Content & Information 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