IQQQ vs. FXL ETF Comparison

Comparison of ProShares Nasdaq-100 High Income ETF (IQQQ) to First Trust Technology AlphaDEX (FXL)

IQQQ

ProShares Nasdaq-100 High Income ETF

IQQQ Description

The index is designed to replicate the performance of an investment strategy that combines a long position in the Nasdaq-100 Index with a short position in Nasdaq-100 Index call options. Under normal circumstances, the fund will invest at least 80% of its total assets in component securities of the index or in instruments with similar economic characteristics. The fund is non-diversified. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$42.90

Average Daily Volume

51,106

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

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

Performance

Period	IQQQ	FXL
30 Days	3.29%	10.22%
60 Days	4.67%	12.16%
90 Days	5.98%	12.82%
12 Months		31.26%

29 Overlapping Holdings

Symbol	Grade	Weight in IQQQ	Weight in FXL	Overlap
AAPL	C	7.78%	0.91%	0.91%
ADI	D	0.62%	0.27%	0.27%
ADSK	A	0.4%	0.66%	0.4%
AMAT	F	0.88%	0.86%	0.86%
AMD	F	1.32%	0.25%	0.25%
ANSS	B	0.18%	0.32%	0.18%
AVGO	D	4.72%	1.17%	1.17%
CDW	F	0.15%	0.24%	0.15%
CRWD	B	0.47%	0.36%	0.36%
CTSH	B	0.24%	1.63%	0.24%
DASH	A	0.4%	1.89%	0.4%
DDOG	A	0.23%	0.34%	0.23%
FTNT	C	0.44%	1.44%	0.44%
GFS	C	0.14%	1.65%	0.14%
GOOGL	C	2.38%	0.63%	0.63%
INTC	D	0.63%	1.26%	0.63%
KLAC	D	0.51%	0.25%	0.25%
MCHP	D	0.21%	0.48%	0.21%
META	D	4.58%	1.57%	1.57%
MSFT	F	7.18%	0.29%	0.29%
MU	D	0.65%	0.28%	0.28%
NVDA	C	8.15%	1.43%	1.43%
ON	D	0.17%	1.44%	0.17%
PANW	C	0.76%	1.08%	0.76%
QCOM	F	1.05%	0.9%	0.9%
ROP	B	0.36%	0.6%	0.36%
SMCI	F	0.07%	0.26%	0.07%
TXN	C	1.1%	0.59%	0.59%
WDAY	B	0.35%	0.33%	0.33%

IQQQ Overweight 72 Positions Relative to FXL

Symbol	Grade	Weight
AMZN	C	5.11%
TSLA	B	3.63%
COST	B	2.43%
GOOG	C	2.29%
NFLX	A	2.09%
TMUS	B	1.65%
CSCO	B	1.4%
ADBE	C	1.39%
PEP	F	1.33%
LIN	D	1.28%
INTU	C	1.16%
ISRG	A	1.12%
CMCSA	B	1.0%
BKNG	A	0.98%
AMGN	D	0.95%
HON	B	0.89%
VRTX	F	0.75%
ADP	B	0.74%
GILD	C	0.68%
SBUX	A	0.66%
MELI	D	0.57%
LRCX	F	0.56%
CTAS	B	0.53%
MDLZ	F	0.52%
PYPL	B	0.52%
REGN	F	0.51%
SNPS	B	0.5%
CDNS	B	0.49%
MAR	B	0.47%
MRVL	B	0.46%
PDD	F	0.44%
CSX	B	0.42%
ORLY	B	0.42%
CEG	D	0.41%
ASML	F	0.37%
PCAR	B	0.36%
CHTR	C	0.34%
ABNB	C	0.34%
CPRT	A	0.33%
NXPI	D	0.33%
TTD	B	0.33%
FANG	D	0.32%
MNST	C	0.32%
PAYX	C	0.31%
AEP	D	0.29%
FAST	B	0.28%
ODFL	B	0.28%
KDP	D	0.27%
ROST	C	0.27%
BKR	B	0.25%
EA	A	0.25%
TEAM	A	0.24%
VRSK	A	0.24%
GEHC	F	0.23%
LULU	C	0.23%
KHC	F	0.23%
AZN	D	0.22%
EXC	C	0.22%
XEL	A	0.22%
IDXX	F	0.21%
CCEP	C	0.21%
ZS	C	0.19%
TTWO	A	0.19%
CSGP	D	0.18%
DXCM	D	0.17%
ILMN	D	0.14%
WBD	C	0.14%
BIIB	F	0.14%
MDB	C	0.13%
MRNA	F	0.1%
ARM	D	0.1%
DLTR	F	0.08%

IQQQ Underweight 73 Positions Relative to FXL

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%
HPE	B	-1.62%
DXC	B	-1.62%
PAYC	B	-1.6%
SMAR	A	-1.57%
IPGP	D	-1.57%
DOCU	A	-1.53%
AVT	C	-1.52%
GDDY	A	-1.4%
ZM	B	-1.4%
TWLO	A	-1.39%
NOW	A	-1.38%
ARW	D	-1.35%
AMKR	D	-1.32%
SWKS	F	-1.32%
ORCL	B	-1.3%
JBL	B	-1.28%
DNB	B	-1.27%
TYL	B	-1.25%
HPQ	B	-1.21%
CNXC	F	-1.21%
DT	C	-1.19%
MANH	D	-1.18%
DOX	D	-1.16%
EPAM	C	-1.15%
MSTR	C	-1.15%
SNX	C	-1.14%
NTNX	A	-1.12%
RNG	B	-1.08%
S	B	-1.07%
DELL	C	-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%
NTAP	C	-0.89%
DLB	B	-0.89%
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%
APH	A	-0.66%
LSCC	D	-0.57%
VRSN	F	-0.57%
IBM	C	-0.56%
KBR	F	-0.55%
IAC	D	-0.52%
U	C	-0.49%
OLED	D	-0.47%
ONTO	D	-0.47%
TER	D	-0.47%
PYCR	C	-0.36%
KD	B	-0.36%
GTLB	B	-0.35%
NET	B	-0.34%
GEN	B	-0.32%
GLW	B	-0.31%
INFA	D	-0.3%
APPF	B	-0.29%
PSTG	D	-0.29%
ALGM	D	-0.25%

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