MVRL vs. ECLN ETF Comparison

Comparison of ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN (MVRL) to First Trust EIP Carbon Impact ETF (ECLN)

MVRL

ETRACS Monthly Pay 1.5X Leveraged Mortgage REIT ETN

MVRL Description

The investment seeks to provide 1.5 times leveraged long exposure to the compounded quarterly performance of the MVIS US Mortgage REITs Index, reduced by the Accrued Fees. The index is designed to track the overall performance of publicly-traded mortgage REITs that are listed and incorporated in the United States and derive at least 50% of their revenues from mortgage-related activity.

Grade (RS Rating)

Last Trade

$16.79

Average Daily Volume

9,770

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ECLN

First Trust EIP Carbon Impact ETF

ECLN Description

The investment seeks to achieve a competitive risk-adjusted total return balanced between dividends and capital appreciation. Under normal market conditions, the fund will invest at least 80% of its net assets (including investment borrowings) in the equity securities of companies identified by the fund's investment sub-advisor as having or seeking to have a positive carbon impact. Its investments will be concentrated in the industries constituting the energy infrastructure sector. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.08

Average Daily Volume

2,527

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	MVRL	ECLN
30 Days	-1.89%	2.39%
60 Days	2.97%	6.85%
90 Days	0.31%	7.76%
12 Months	24.39%	2.48%

0 Overlapping Holdings

	Symbol	Grade	Weight in MVRL	Weight in ECLN	Overlap

MVRL Overweight 23 Positions Relative to ECLN

Symbol	Grade	Weight
NLY	A	13.03%
AGNC	B	8.86%
STWD	C	8.19%
CIM	D	5.48%
HASI	C	5.04%
BXMT	F	4.84%
ABR	C	4.54%
TWO	A	4.01%
MFA	B	3.81%
PMT	A	3.79%
ARI	F	3.76%
LADR	A	3.51%
NYMT	F	3.26%
RWT	D	2.77%
EFC	C	2.49%
RC	C	2.05%
ORC	B	2.0%
ACRE	D	1.95%
BRSP	F	1.92%
KREF	F	1.86%
IVR	C	1.84%
ARR	C	1.83%
DX	C	1.48%

MVRL Underweight 38 Positions Relative to ECLN

Symbol	Grade	Weight
DTM	B	-5.9%
AEP	A	-4.71%
SRE	B	-4.07%
ATO	A	-3.96%
SO	A	-3.92%
TRGP	B	-3.91%
XEL	C	-3.63%
PPL	A	-3.5%
WEC	B	-3.32%
LNT	B	-3.28%
CQP	C	-3.22%
PEG	A	-3.19%
CMS	A	-3.02%
WMB	B	-3.0%
NFG	A	-2.85%
DTE	A	-2.75%
CWEN	B	-2.65%
EVRG	B	-2.59%
IDA	B	-2.24%
OGS	B	-2.16%
PWR	A	-2.06%
AES	B	-1.83%
LNG	D	-1.74%
FLR	C	-1.29%
DUK	A	-1.07%
ETR	A	-1.01%
NEP	C	-0.93%
WTRG	B	-0.72%
ES	B	-0.68%
VST	A	-0.67%
OGE	A	-0.63%
CEG	A	-0.51%
CNP	A	-0.49%
CPK	B	-0.47%
AWK	B	-0.38%
AEE	C	-0.33%
NJR	B	-0.2%
EIX	A	-0.18%