FXR vs. LBAY ETF Comparison

Comparison of First Trust Industrials AlphaDEX (FXR) to Leatherback Long/Short Alternative Yield ETF (LBAY)

FXR

First Trust Industrials AlphaDEX

FXR 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) Industrials 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 industrials and producer durables sectors 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

$69.06

Average Daily Volume

77,633

Number of Holdings ^*

128

* may have additional holdings in another (foreign) market

LBAY

Leatherback Long/Short Alternative Yield ETF

LBAY Description

The investment seeks capital appreciation and income. The fund is an actively-managed ETF that seeks to achieve its investment objective by purchasing long positions in securities believed to provide sustainable shareholder yield (defined as dividends plus buybacks plus debt paydowns) and taking short positions in securities expected to decline in price. It will generally have net exposure of 75% - 110% long. The fund's long positions are generally expected to be comprised of equity securities or depositary receipts, although long positions may also include investment-grade corporate bonds and convertible bonds. It is non-diversified.

Grade (RS Rating)

Last Trade

$26.38

Average Daily Volume

4,151

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	FXR	LBAY
30 Days	-3.67%	-2.52%
60 Days	-0.30%	1.70%
90 Days	4.58%	2.62%
12 Months	27.78%	-0.45%

5 Overlapping Holdings

Symbol	Grade	Weight in FXR	Weight in LBAY	Overlap
LHX	A	0.52%	3.68%	0.52%
PKG	C	0.75%	4.04%	0.75%
SQ	D	0.92%	-1.56%	-1.56%
UNP	C	0.25%	3.52%	0.25%
V	D	0.25%	4.98%	0.25%

FXR Overweight 123 Positions Relative to LBAY

Symbol	Grade	Weight
AXP	B	1.4%
SYF	A	1.39%
EME	A	1.39%
OC	A	1.38%
R	A	1.37%
PWR	A	1.35%
AL	A	1.35%
TT	A	1.34%
MDU	A	1.33%
BAH	B	1.33%
URI	D	1.32%
SON	D	1.32%
AGCO	F	1.3%
GPK	D	1.28%
CAT	D	1.28%
BERY	D	1.27%
EXP	B	1.27%
BLD	C	1.26%
G	D	1.26%
OSK	D	1.26%
BWXT	C	1.26%
SNDR	F	1.25%
ALSN	D	1.25%
WCC	B	1.24%
SPR	C	1.21%
KEX	A	1.19%
TTEK	A	1.08%
XYL	A	1.06%
TDG	A	1.05%
GTES	B	1.03%
AXON	B	1.03%
DE	A	1.01%
HUBB	D	1.01%
LFUS	C	1.0%
SLGN	B	1.0%
AWI	D	0.99%
VMC	C	0.99%
MSM	F	0.99%
HII	F	0.98%
PCAR	D	0.95%
FDX	B	0.95%
GWW	D	0.95%
SNA	D	0.95%
VNT	D	0.94%
BLDR	C	0.93%
LECO	D	0.91%
BC	F	0.88%
KNX	F	0.88%
CACC	F	0.81%
NVT	B	0.8%
UPS	D	0.8%
JCI	B	0.8%
PYPL	A	0.8%
WU	D	0.78%
CTAS	B	0.78%
MSA	D	0.78%
ADTN	F	0.78%
COF	B	0.78%
AYI	D	0.76%
WMS	C	0.76%
GXO	F	0.76%
EEFT	C	0.76%
GPN	F	0.75%
CSX	D	0.74%
WEX	D	0.74%
TREX	C	0.73%
SAIA	F	0.73%
FICO	C	0.73%
TDY	F	0.72%
TXT	D	0.72%
SHW	D	0.71%
RHI	F	0.71%
MIDD	F	0.71%
JBHT	F	0.65%
WAB	A	0.58%
GD	A	0.53%
CCK	B	0.53%
CW	A	0.52%
FCN	A	0.52%
DOV	A	0.52%
ATR	A	0.52%
DD	A	0.5%
ITT	D	0.5%
DCI	B	0.5%
AOS	D	0.49%
PNR	D	0.49%
J	C	0.49%
MA	D	0.49%
AMCR	A	0.49%
JKHY	D	0.49%
KEYS	C	0.49%
ALLE	D	0.48%
EXPD	D	0.48%
OTIS	D	0.48%
RPM	C	0.47%
LSTR	D	0.47%
AXTA	A	0.47%
LPX	C	0.46%
EFX	C	0.43%
HEI	A	0.28%
GNRC	B	0.28%
WSO	A	0.27%
RTX	A	0.27%
PH	B	0.26%
CSL	A	0.26%
NDSN	C	0.25%
EMR	D	0.25%
AME	D	0.25%
WWD	A	0.25%
MAN	A	0.25%
MLM	D	0.25%
VMI	B	0.24%
IEX	D	0.24%
HON	D	0.24%
NSC	D	0.24%
GGG	F	0.23%
MAS	D	0.23%
FTV	F	0.23%
PPG	D	0.23%
FOUR	F	0.23%
ODFL	F	0.22%
WSC	F	0.22%
SEE	B	0.22%

FXR Underweight 47 Positions Relative to LBAY

Symbol	Grade	Weight
FIS	D	-5.58%
XOM	B	-5.54%
BG	B	-5.18%
ZBH	F	-4.71%
ORI	A	-4.63%
ABBV	D	-4.51%
ICE	D	-4.19%
AGNC	C	-4.09%
NEM	A	-4.06%
WM	B	-3.88%
AWK	B	-3.87%
GEHC	D	-3.81%
CMCSA	F	-3.7%
MDT	C	-3.69%
APD	C	-3.64%
DIS	C	-3.53%
DPZ	A	-3.06%
LW	D	-3.04%
JNJ	D	-2.96%
KDP	A	-2.77%
CARR	A	-2.77%
MMM	A	-2.74%
PCH	F	-2.74%
KO	A	-2.7%
MTN	F	-2.61%
RIO	A	-2.56%
SPGI	C	-2.36%
SOLV	B	-1.93%
BURL	C	--0.83%
DKS	B	--1.02%
FIX	B	--1.05%
FIVE	F	--1.14%
PLD	D	--1.17%
VRT	A	--1.35%
PLNT	D	--1.43%
SITE	F	--1.43%
AAPL	C	--1.43%
EQIX	F	--1.52%
OLLI	D	--1.54%
RCL	A	--1.6%
BLK	D	--1.63%
DLR	C	--1.63%
TSLA	D	--1.83%
CMG	A	--1.89%
DASH	D	--1.96%
SF	A	--1.97%
AVGO	D	--1.99%