FXL vs. KONG ETF Comparison

Comparison of First Trust Technology AlphaDEX (FXL) to Formidable Fortress ETF (KONG)

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

$125.62

Average Daily Volume

32,089

Number of Holdings ^*

* may have additional holdings in another (foreign) market

KONG

Formidable Fortress ETF

KONG Description

The investment seeks long-term capital appreciation. Under normal market conditions, the fund seeks to meet its investment objective by investing in large- and mid-cap equity securities, including common stocks, related depository receipts, real estate investment trusts (REITs), and other equity investments or ownership interests in business enterprises. It invests predominantly in common stocks of large- and mid-cap companies (the "Investable Universe"). The fund's derivative investments may include, among other instruments: (i) options; (ii) volatility-linked ETFs; and (iii) volatility-linked exchange-traded notes (ETNs). It is non-diversified.

Grade (RS Rating)

Last Trade

$26.45

Average Daily Volume

3,330

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXL	KONG
30 Days	-4.81%	-3.21%
60 Days	-7.32%	0.30%
90 Days	-4.02%	0.93%
12 Months	25.01%	7.04%

2 Overlapping Holdings

	Symbol	Grade	Weight in FXL	Weight in KONG	Overlap
	CTSH	D	1.73%	2.98%	1.73%
	DOX	D	1.39%	3.01%	1.39%

FXL Overweight 92 Positions Relative to KONG

Symbol	Grade	Weight
APP	A	1.91%
META	A	1.9%
PSTG	A	1.86%
VRT	A	1.83%
NTNX	B	1.83%
HPE	A	1.8%
DASH	A	1.78%
AVT	C	1.76%
NVDA	A	1.76%
ARW	B	1.76%
CRWD	D	1.73%
IPGP	F	1.72%
SWKS	D	1.71%
GFS	F	1.68%
TOST	B	1.67%
IAC	F	1.66%
ON	F	1.65%
CNXC	F	1.6%
INFA	A	1.52%
GDDY	A	1.51%
AMAT	B	1.48%
SNX	A	1.46%
AVGO	B	1.46%
NTAP	A	1.44%
NOW	C	1.43%
PLTR	D	1.41%
DXC	F	1.4%
ENTG	C	1.39%
NET	D	1.38%
DNB	D	1.38%
SAIC	C	1.37%
MANH	C	1.36%
PEGA	C	1.34%
CRM	C	1.34%
PCOR	C	1.31%
HUBS	A	1.13%
DDOG	C	1.13%
MSFT	B	1.09%
FFIV	C	1.08%
KLAC	C	1.08%
IT	C	1.08%
LRCX	B	1.08%
CACI	C	1.07%
CDNS	C	1.07%
SNPS	D	1.06%
ORCL	B	1.06%
MCHP	B	1.06%
CRUS	C	1.04%
AKAM	D	1.04%
PTC	C	1.04%
HPQ	D	1.03%
SSNC	C	1.03%
OKTA	D	1.0%
AMD	D	0.99%
GOOGL	A	0.76%
QCOM	B	0.74%
JBL	D	0.73%
KBR	A	0.72%
APH	A	0.72%
TXN	B	0.71%
ADI	B	0.71%
INTU	C	0.7%
DBX	F	0.7%
CDW	C	0.7%
GLW	C	0.7%
CFLT	F	0.69%
ZM	F	0.68%
GTLB	F	0.68%
S	D	0.66%
MTCH	F	0.65%
RNG	F	0.65%
INTC	F	0.61%
NCNO	D	0.61%
MPWR	D	0.34%
PANW	C	0.34%
VRSN	F	0.34%
MDB	F	0.34%
TER	C	0.33%
DLB	F	0.33%
PINS	D	0.33%
ROP	C	0.33%
ESTC	D	0.33%
OLED	D	0.33%
FTNT	D	0.33%
IBM	C	0.33%
DOCU	A	0.33%
WDAY	D	0.33%
ZS	F	0.32%
HCP	F	0.31%
DV	F	0.31%
ADSK	D	0.31%
PATH	F	0.3%

FXL Underweight 28 Positions Relative to KONG

Symbol	Grade	Weight
EME	A	-4.03%
ADM	B	-4.02%
TPL	A	-3.88%
CHE	C	-3.83%
GNTX	C	-3.71%
GGG	C	-3.67%
RS	B	-3.47%
NDSN	B	-3.43%
CPT	C	-3.42%
CSCO	D	-3.32%
JKHY	C	-3.28%
SPGI	C	-3.27%
JNJ	F	-3.14%
CTRA	A	-3.14%
WST	B	-3.12%
ADP	C	-3.11%
UTHR	A	-3.11%
PSA	D	-3.07%
IBKR	A	-3.01%
RHI	D	-2.98%
MNST	D	-2.96%
GLPI	F	-2.81%
MKTX	F	-2.71%
REGN	C	-2.67%
VRTX	C	-2.63%
SNA	C	-2.41%
FAST	C	-2.38%
ERIE	C	-2.0%

FXL: Top Represented Industries & Keywords

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