OPTZ vs. FEX ETF Comparison

Comparison of Optimize Strategy Index ETF (OPTZ) to First Trust Large Cap Core AlphaDEX (FEX)

OPTZ

Optimize Strategy Index ETF

OPTZ Description

OPTZ seeks to track a broad market index consisting of US-listed equities that meet certain market-cap threshold and liquidity requirements. To be included in the fund, eligible large-cap and small-cap companies are evaluated and ranked within their own sector. Large cap companies are ranked based on the ratio of current EPS over the trailing 10-year average EPS, the current P/E ratio, and the 2-year forward EPS growth estimate. Small-cap companies are ranked solely on their P/S ratio. Within these two groups, the top 20% are selected from each sector. The index weights the sectors using the sum of the market capitalization of all constituents in each sector and within each sector each constituent is equally weighted. Reconstitution and rebalancing are done semi-annually.

Grade (RS Rating)

Last Trade

$31.04

Average Daily Volume

7,221

Number of Holdings ^*

321

* may have additional holdings in another (foreign) market

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Defined Large Cap Core 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 S&P to objectively identify and select stocks from the S&P 500(R) Index 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

$111.95

Average Daily Volume

18,528

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	OPTZ	FEX
30 Days	8.47%	6.62%
60 Days	9.68%	8.07%
90 Days	11.36%	10.60%
12 Months		33.47%

118 Overlapping Holdings

Symbol	Grade	Weight in OPTZ	Weight in FEX	Overlap
AAPL	C	1.06%	0.17%	0.17%
ACGL	D	0.19%	0.29%	0.19%
ALL	A	0.21%	0.45%	0.21%
AMP	A	0.25%	0.31%	0.25%
AMT	D	0.07%	0.14%	0.07%
AMZN	C	0.38%	0.09%	0.09%
ANET	C	1.24%	0.33%	0.33%
APD	A	0.18%	0.19%	0.18%
APO	B	0.31%	0.22%	0.22%
APP	B	2.03%	0.97%	0.97%
APTV	D	0.25%	0.31%	0.25%
ARES	A	0.24%	0.09%	0.09%
ATO	A	0.06%	0.36%	0.06%
AXON	A	0.21%	0.64%	0.21%
AXP	A	0.24%	0.45%	0.24%
BAH	F	1.02%	0.29%	0.29%
BG	F	0.25%	0.4%	0.25%
BKR	B	0.07%	0.4%	0.07%
BLK	C	0.24%	0.09%	0.09%
BR	A	0.22%	0.18%	0.18%
BRO	B	0.21%	0.36%	0.21%
BURL	A	0.33%	0.44%	0.33%
CAT	B	0.14%	0.25%	0.14%
CB	C	0.19%	0.34%	0.19%
CBOE	B	0.19%	0.09%	0.09%
CE	F	0.09%	0.23%	0.09%
CEG	D	0.07%	0.3%	0.07%
CINF	A	0.23%	0.47%	0.23%
CL	D	0.25%	0.15%	0.15%
CMCSA	B	0.64%	0.44%	0.44%
COIN	C	0.42%	0.15%	0.15%
COST	B	0.29%	0.35%	0.29%
CPAY	A	0.23%	0.2%	0.2%
CVNA	B	0.55%	0.48%	0.48%
CVS	D	0.26%	0.38%	0.26%
DAL	C	0.19%	0.53%	0.19%
DECK	A	0.39%	0.19%	0.19%
DELL	C	1.29%	0.19%	0.19%
DGX	A	0.14%	0.35%	0.14%
DIS	B	0.77%	0.2%	0.2%
DTE	C	0.05%	0.32%	0.05%
DUK	C	0.05%	0.33%	0.05%
ECL	D	0.15%	0.16%	0.15%
EFX	F	0.11%	0.21%	0.11%
EIX	B	0.05%	0.25%	0.05%
EME	C	0.18%	0.49%	0.18%
EQIX	A	0.1%	0.09%	0.09%
ETN	A	0.15%	0.18%	0.15%
ETR	B	0.06%	0.38%	0.06%
FDX	B	0.13%	0.37%	0.13%
FI	A	0.25%	0.4%	0.25%
FSLR	F	0.96%	0.27%	0.27%
GDDY	A	1.27%	0.4%	0.4%
GPC	D	0.29%	0.23%	0.23%
GRMN	B	0.37%	0.3%	0.3%
GS	A	0.25%	0.5%	0.25%
HIG	B	0.2%	0.34%	0.2%
HUBB	B	0.15%	0.18%	0.15%
IBM	C	1.02%	0.32%	0.32%
ICE	C	0.2%	0.25%	0.2%
INTC	D	1.31%	0.36%	0.36%
IQV	D	0.11%	0.07%	0.07%
ISRG	A	0.15%	0.27%	0.15%
KKR	A	0.25%	0.49%	0.25%
LOW	D	0.35%	0.08%	0.08%
LVS	C	0.38%	0.17%	0.17%
MANH	D	0.13%	0.25%	0.13%
MAR	B	0.39%	0.1%	0.1%
MCD	D	0.32%	0.08%	0.08%
MCO	B	0.2%	0.25%	0.2%
META	D	0.65%	0.33%	0.33%
MOH	F	0.12%	0.14%	0.12%
MSCI	C	0.21%	0.09%	0.09%
MSI	B	1.18%	0.37%	0.37%
NFLX	A	0.73%	0.3%	0.3%
NOW	A	1.27%	0.29%	0.29%
NRG	B	0.06%	0.43%	0.06%
NVDA	C	1.44%	0.29%	0.29%
ORLY	B	0.34%	0.09%	0.09%
PCAR	B	0.15%	0.48%	0.15%
PEP	F	0.26%	0.08%	0.08%
PGR	A	0.21%	0.43%	0.21%
PH	A	0.15%	0.37%	0.15%
PRU	A	0.23%	0.18%	0.18%
PWR	A	0.16%	0.47%	0.16%
RCL	A	0.47%	0.55%	0.47%
ROST	C	0.29%	0.16%	0.16%
RSG	A	0.12%	0.09%	0.09%
SBAC	D	0.08%	0.08%	0.08%
SHW	A	0.16%	0.25%	0.16%
SLB	C	0.06%	0.44%	0.06%
SO	D	0.05%	0.17%	0.05%
SPG	B	0.1%	0.18%	0.1%
SPGI	C	0.2%	0.25%	0.2%
SYK	C	0.14%	0.09%	0.09%
T	A	0.64%	0.44%	0.44%
TGT	F	0.28%	0.34%	0.28%
THC	D	0.14%	0.39%	0.14%
TMO	F	0.11%	0.07%	0.07%
TMUS	B	0.72%	0.39%	0.39%
TRGP	B	0.07%	0.46%	0.07%
TROW	B	0.24%	0.46%	0.24%
TRV	B	0.22%	0.28%	0.22%
TSLA	B	0.49%	0.22%	0.22%
TT	A	0.15%	0.45%	0.15%
ULTA	F	0.3%	0.31%	0.3%
URI	B	0.15%	0.44%	0.15%
UTHR	C	0.14%	0.42%	0.14%
VRT	B	0.21%	0.52%	0.21%
VRTX	F	0.13%	0.08%	0.08%
WAB	B	0.15%	0.46%	0.15%
WELL	A	0.1%	0.27%	0.1%
WMB	A	0.07%	0.11%	0.07%
WST	C	0.14%	0.09%	0.09%
WY	D	0.09%	0.16%	0.09%
XYL	D	0.12%	0.15%	0.12%
ZBH	C	0.14%	0.35%	0.14%
ZM	B	0.71%	0.29%	0.29%

OPTZ Overweight 203 Positions Relative to FEX

Symbol	Grade	Weight
CRWD	B	1.37%
CRM	B	1.37%
TTMI	B	1.36%
FFIV	B	1.25%
QLYS	C	1.22%
CDNS	B	1.21%
BHE	B	1.2%
ITRI	B	1.19%
SNPS	B	1.16%
WIX	B	1.15%
INFN	C	1.11%
VZIO	A	1.04%
AMD	F	1.03%
VRSN	F	1.03%
AMAT	F	1.0%
ROP	B	1.0%
DJT	C	0.93%
LUMN	C	0.83%
CRUS	D	0.8%
IDCC	A	0.78%
ACLS	F	0.78%
RNG	B	0.72%
EA	A	0.66%
EAT	A	0.55%
AMC	C	0.54%
NPAB	B	0.52%
WWW	B	0.48%
NCLH	B	0.48%
HBI	B	0.42%
WOOF	D	0.42%
UNFI	A	0.41%
RL	B	0.39%
LULU	C	0.39%
SIG	B	0.39%
WHR	B	0.37%
ANF	C	0.36%
SBH	C	0.36%
WYNN	D	0.36%
BZH	B	0.35%
PCT	C	0.34%
FIVE	F	0.34%
DPZ	C	0.34%
PVH	C	0.34%
ALV	C	0.33%
TAP	C	0.32%
CHDN	B	0.32%
YETI	C	0.31%
ENR	B	0.31%
ETSY	D	0.3%
CHD	B	0.3%
DKS	C	0.29%
LC	A	0.28%
LEA	D	0.28%
LNW	D	0.28%
DOLE	D	0.27%
SQ	B	0.27%
MELI	D	0.27%
WBA	F	0.27%
STZ	D	0.27%
ODP	F	0.27%
AX	A	0.26%
DAN	D	0.26%
CAL	D	0.25%
CROX	D	0.24%
BHF	B	0.24%
AGO	B	0.23%
EWTX	C	0.23%
AIZ	A	0.23%
PRG	C	0.22%
SIGI	C	0.22%
GPN	B	0.22%
WTW	B	0.22%
COOP	B	0.22%
LBPH	A	0.22%
V	A	0.22%
NATL	B	0.21%
GL	B	0.21%
AER	B	0.21%
BFH	B	0.21%
LDI	C	0.2%
STRL	B	0.2%
MKTX	D	0.2%
CME	A	0.2%
CRS	A	0.2%
GATO	D	0.2%
RNR	C	0.2%
ZIM	C	0.2%
NAVI	C	0.19%
PMT	D	0.19%
FIX	A	0.18%
VMC	B	0.18%
GTLS	B	0.18%
PAYC	B	0.18%
XPO	B	0.18%
LPX	B	0.18%
EXP	A	0.18%
SKYW	B	0.18%
HQY	B	0.17%
JBLU	F	0.17%
AVNT	B	0.17%
MLM	B	0.17%
HASI	D	0.17%
PEN	B	0.16%
EMN	D	0.16%
DOCU	A	0.16%
PCTY	B	0.16%
AIT	A	0.16%
ACHR	B	0.16%
INCY	C	0.16%
VERA	B	0.16%
GNRC	B	0.16%
HON	B	0.15%
ESTC	C	0.15%
GFF	A	0.15%
PEGA	A	0.15%
JAZZ	B	0.15%
TPC	C	0.15%
SAIA	B	0.15%
PODD	C	0.15%
CLOV	D	0.15%
PNR	A	0.15%
PHIN	A	0.14%
STGW	B	0.14%
COR	B	0.14%
MRC	B	0.14%
LECO	B	0.14%
CAH	B	0.14%
LIVN	F	0.14%
AKRO	B	0.14%
REVG	B	0.14%
LIN	D	0.14%
DVA	B	0.14%
UNH	C	0.13%
WDAY	B	0.13%
BV	B	0.13%
VRSK	A	0.13%
ALGN	D	0.13%
NBIX	C	0.13%
SAVA	D	0.13%
OSK	B	0.13%
PBI	B	0.13%
WWD	B	0.13%
ASH	D	0.13%
AHCO	F	0.12%
SHC	F	0.12%
AOS	F	0.12%
KRYS	B	0.12%
RPRX	D	0.12%
STE	F	0.12%
ETNB	C	0.12%
DAWN	F	0.12%
COGT	D	0.11%
SRPT	D	0.11%
BAX	D	0.11%
DLR	B	0.11%
SNDX	F	0.11%
KURA	F	0.11%
VNO	B	0.11%
BA	F	0.11%
ADBE	C	0.11%
UHS	D	0.11%
IDXX	F	0.11%
DYN	F	0.11%
UNIT	B	0.1%
RHP	B	0.1%
CGEM	F	0.1%
LNTH	D	0.1%
EXPI	C	0.1%
CBRE	B	0.1%
OMI	F	0.1%
HII	D	0.09%
CPT	B	0.09%
PEB	D	0.09%
NEXT	B	0.09%
ELS	C	0.09%
PK	B	0.09%
LAMR	D	0.09%
SBRA	C	0.09%
OGN	D	0.09%
NMRK	B	0.09%
REXR	F	0.08%
NVRI	F	0.08%
RDFN	D	0.08%
EGP	F	0.08%
TDW	F	0.08%
ICLR	D	0.08%
PRIM	A	0.08%
KNTK	B	0.07%
BKD	D	0.07%
DTM	B	0.07%
WKC	D	0.06%
OII	B	0.06%
WHD	B	0.06%
FTI	A	0.06%
SANA	F	0.06%
VAL	D	0.05%
APA	D	0.05%
WFRD	D	0.05%
DK	C	0.05%
SWX	B	0.05%
AES	F	0.04%
NFE	D	0.04%
HE	C	0.04%

OPTZ Underweight 255 Positions Relative to FEX

Symbol	Grade	Weight
PLTR	B	-0.7%
UAL	A	-0.67%
SYF	B	-0.54%
GM	B	-0.53%
EXPE	B	-0.52%
SNA	A	-0.52%
VST	B	-0.52%
FICO	B	-0.5%
HWM	A	-0.48%
OC	A	-0.47%
EOG	A	-0.47%
STLD	B	-0.47%
COP	C	-0.46%
CTRA	B	-0.46%
CVX	A	-0.46%
BK	A	-0.46%
FANG	D	-0.45%
CCL	B	-0.45%
F	C	-0.45%
VLO	C	-0.45%
FOXA	B	-0.45%
RS	B	-0.45%
HEI	B	-0.44%
HPE	B	-0.44%
HAL	C	-0.44%
WFC	A	-0.44%
KMI	A	-0.43%
CF	B	-0.43%
XOM	B	-0.43%
MPC	D	-0.42%
TOL	B	-0.42%
OXY	D	-0.42%
DVN	F	-0.42%
CPNG	D	-0.42%
CTSH	B	-0.42%
PSX	C	-0.42%
MTB	A	-0.41%
EQT	B	-0.41%
DASH	A	-0.41%
HBAN	A	-0.41%
LYV	A	-0.41%
IRM	D	-0.41%
COF	B	-0.41%
NUE	C	-0.41%
IP	B	-0.4%
TPL	A	-0.4%
EG	C	-0.4%
FCNCA	A	-0.4%
LNG	B	-0.4%
ON	D	-0.39%
RBLX	C	-0.39%
SRE	A	-0.38%
LEN	D	-0.38%
PHM	D	-0.38%
VTRS	A	-0.38%
HOOD	B	-0.38%
CFG	B	-0.38%
LYB	F	-0.37%
PM	B	-0.37%
ORCL	B	-0.37%
C	A	-0.37%
ADM	D	-0.37%
CTAS	B	-0.36%
AEE	A	-0.36%
CRBG	B	-0.36%
DHI	D	-0.36%
CNP	B	-0.36%
NI	A	-0.36%
SWKS	F	-0.36%
GEN	B	-0.36%
L	A	-0.36%
XEL	A	-0.36%
LII	A	-0.35%
HCA	F	-0.35%
AIG	B	-0.35%
VTR	C	-0.34%
AFL	B	-0.34%
ALLY	C	-0.34%
KR	B	-0.34%
MS	A	-0.33%
EXC	C	-0.33%
CNC	D	-0.33%
RMD	C	-0.33%
AEP	D	-0.32%
VZ	C	-0.32%
TXT	D	-0.32%
GE	D	-0.32%
EBAY	D	-0.32%
ERIE	D	-0.32%
NEE	D	-0.31%
NTRS	A	-0.31%
DG	F	-0.31%
BLDR	D	-0.31%
OKE	A	-0.31%
ED	D	-0.31%
JPM	A	-0.3%
BAC	A	-0.3%
FTNT	C	-0.3%
CHTR	C	-0.3%
BKNG	A	-0.3%
ALNY	D	-0.29%
GWW	B	-0.29%
RF	A	-0.29%
AKAM	D	-0.29%
STT	A	-0.28%
LUV	C	-0.28%
FITB	A	-0.28%
PKG	A	-0.28%
USB	A	-0.28%
PCG	A	-0.27%
TDY	B	-0.27%
JBHT	C	-0.27%
TTD	B	-0.27%
CSCO	B	-0.27%
CASY	A	-0.27%
BSX	B	-0.27%
HLT	A	-0.27%
CSX	B	-0.26%
TJX	A	-0.26%
LNT	A	-0.26%
BRK.A	B	-0.26%
PPL	B	-0.26%
TYL	B	-0.26%
WEC	A	-0.26%
DE	A	-0.25%
CMS	C	-0.25%
SSNC	B	-0.25%
D	C	-0.25%
EQR	B	-0.25%
PEG	A	-0.25%
PSA	D	-0.24%
HRL	D	-0.24%
PPG	F	-0.24%
JNJ	D	-0.24%
AVGO	D	-0.24%
RJF	A	-0.23%
NVR	D	-0.23%
VLTO	D	-0.23%
CARR	D	-0.23%
GIS	D	-0.22%
HUM	C	-0.22%
BBY	D	-0.22%
TDG	D	-0.22%
KHC	F	-0.22%
STX	D	-0.22%
DOW	F	-0.21%
BIIB	F	-0.21%
KDP	D	-0.21%
ELV	F	-0.2%
NDAQ	A	-0.19%
PNC	B	-0.19%
CMI	A	-0.19%
MSTR	C	-0.19%
KEY	B	-0.19%
IR	B	-0.18%
AJG	B	-0.18%
IEX	B	-0.18%
RGA	A	-0.18%
LH	C	-0.18%
WSO	A	-0.18%
J	F	-0.18%
WRB	A	-0.18%
NWSA	B	-0.18%
KIM	A	-0.18%
TSN	B	-0.18%
PYPL	B	-0.18%
CSL	C	-0.17%
FNF	B	-0.17%
UPS	C	-0.17%
MAA	B	-0.17%
DRI	B	-0.17%
PFG	D	-0.17%
LHX	C	-0.17%
IT	C	-0.17%
DD	D	-0.16%
UBER	D	-0.16%
CI	F	-0.16%
AWK	D	-0.16%
FE	C	-0.16%
FTV	C	-0.16%
GD	F	-0.16%
OMC	C	-0.16%
TSCO	D	-0.16%
KEYS	A	-0.16%
NTAP	C	-0.16%
HOLX	D	-0.16%
CTVA	C	-0.16%
SYY	B	-0.16%
MDT	D	-0.16%
KO	D	-0.15%
MDLZ	F	-0.15%
ARE	D	-0.15%
HSY	F	-0.15%
CPB	D	-0.15%
O	D	-0.15%
DOC	D	-0.15%
EXR	D	-0.15%
LLY	F	-0.14%
WLK	D	-0.14%
NKE	D	-0.14%
MPWR	F	-0.11%
RPM	A	-0.1%
PANW	C	-0.1%
EMR	A	-0.1%
MET	A	-0.09%
HD	A	-0.09%
AVB	B	-0.09%
CMG	B	-0.09%
ESS	B	-0.09%
ABT	B	-0.09%
SBUX	A	-0.09%
CLX	B	-0.09%
HPQ	B	-0.09%
DOV	A	-0.09%
NSC	B	-0.09%
MA	C	-0.09%
PAYX	C	-0.09%
GOOGL	C	-0.09%
APH	A	-0.09%
ODFL	B	-0.09%
JCI	C	-0.09%
MKL	A	-0.09%
ADSK	A	-0.09%
AON	A	-0.09%
MO	A	-0.09%
RIVN	F	-0.08%
AVY	D	-0.08%
ZTS	D	-0.08%
MKC	D	-0.08%
LMT	D	-0.08%
EXPD	D	-0.08%
MAS	D	-0.08%
NOC	D	-0.08%
BDX	F	-0.08%
MU	D	-0.08%
KMB	D	-0.08%
VICI	C	-0.08%
POOL	C	-0.08%
GLPI	C	-0.08%
NDSN	B	-0.08%
OTIS	C	-0.08%
WAT	B	-0.08%
ROL	B	-0.08%
ACN	C	-0.08%
MMC	B	-0.08%
AZO	C	-0.08%
KLAC	D	-0.07%
CAG	D	-0.07%
RVTY	F	-0.07%
BLD	D	-0.07%
WSM	B	-0.07%
AMGN	D	-0.07%
FCX	D	-0.07%
GEHC	F	-0.07%
CCI	D	-0.07%