QABA vs. FXO ETF Comparison

Comparison of First Trust NASDAQ ABA Community Bank Index Fund (QABA) to First Trust Financials AlphaDEX (FXO)

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA 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 NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$46.77

Average Daily Volume

22,807

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

FXO

First Trust Financials AlphaDEX

FXO 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) Financials 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 financial services 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

$47.07

Average Daily Volume

77,570

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	QABA	FXO
30 Days	2.69%	1.14%
60 Days	2.32%	3.97%
90 Days	3.24%	8.88%
12 Months	33.89%	39.15%

4 Overlapping Holdings

Symbol	Grade	Weight in QABA	Weight in FXO	Overlap
CBSH	A	4.53%	0.35%	0.35%
FHB	B	1.72%	0.98%	0.98%
OZK	B	3.21%	1.75%	1.75%
WTFC	B	3.77%	0.94%	0.94%

QABA Overweight 119 Positions Relative to FXO

Symbol	Grade	Weight
UBSI	D	2.81%
FFIN	C	2.68%
HWC	B	2.5%
UMBF	C	2.43%
TFSL	B	2.23%
IBOC	A	2.22%
ABCB	B	2.07%
UCBI	B	1.91%
BANF	B	1.86%
FIBK	B	1.78%
TCBI	B	1.73%
FULT	A	1.73%
WSFS	B	1.65%
CATY	D	1.6%
CVBF	C	1.46%
SFNC	D	1.36%
FFBC	B	1.35%
INDB	C	1.35%
PPBI	C	1.33%
FRME	B	1.27%
SBCF	C	1.25%
TOWN	B	1.24%
TRMK	A	1.15%
WAFD	B	1.12%
HTLF	A	1.12%
MBIN	B	1.12%
NBTB	B	1.07%
TBBK	D	1.03%
WSBC	C	1.02%
LKFN	D	0.98%
CLBK	F	0.97%
IBTX	C	0.97%
CHCO	B	0.96%
BANR	B	0.95%
EFSC	B	0.91%
NWBI	C	0.85%
SYBT	B	0.84%
CASH	B	0.81%
FBNC	D	0.8%
BUSE	B	0.79%
WABC	B	0.79%
HOPE	D	0.77%
SRCE	B	0.77%
STBA	B	0.74%
TCBK	B	0.74%
VBTX	B	0.68%
PFBC	A	0.68%
PEBO	B	0.66%
GABC	D	0.59%
QCRH	C	0.59%
SASR	B	0.59%
RBCAA	B	0.56%
OCFC	B	0.56%
SBSI	D	0.51%
BFC	C	0.5%
CTBI	B	0.48%
FMBH	B	0.47%
FBMS	D	0.47%
BRKL	D	0.47%
AMAL	B	0.47%
DCOM	C	0.46%
CNOB	C	0.45%
PFC	B	0.45%
CFFN	D	0.43%
UVSP	A	0.41%
FCBC	B	0.4%
HFWA	B	0.4%
GSBC	B	0.39%
OSBC	B	0.39%
MBWM	B	0.38%
HBT	B	0.38%
CFB	C	0.38%
CASS	D	0.37%
EGBN	F	0.35%
HBNC	B	0.34%
TRST	B	0.33%
IBCP	B	0.33%
BFST	C	0.33%
CCB	B	0.32%
MSBI	D	0.31%
HTBK	D	0.31%
HAFC	B	0.3%
HONE	B	0.3%
CCBG	D	0.29%
FMNB	D	0.29%
SMBC	D	0.29%
CAC	B	0.29%
WASH	B	0.28%
HTBI	B	0.28%
THFF	B	0.27%
SPFI	B	0.27%
NBN	B	0.26%
AROW	C	0.25%
PGC	D	0.25%
CCNE	C	0.25%
NFBK	D	0.24%
BHRB	F	0.24%
ESQ	B	0.24%
HIFS	C	0.23%
MPB	B	0.22%
SHBI	D	0.22%
KRNY	F	0.22%
MOFG	D	0.21%
FFIC	D	0.21%
RBB	B	0.21%
BWB	B	0.2%
CARE	B	0.18%
NEWT	C	0.17%
FISI	C	0.17%
NRIM	B	0.17%
PFIS	F	0.17%
BMRC	D	0.15%
WSBF	B	0.15%
FRST	D	0.15%
BLFY	B	0.14%
FLIC	D	0.14%
NECB	B	0.14%
OVLY	C	0.13%
CZFS	D	0.12%

QABA Underweight 97 Positions Relative to FXO

Symbol	Grade	Weight
ACGL	A	-1.81%
PGR	A	-1.79%
FCNCA	B	-1.79%
WTM	A	-1.78%
OWL	B	-1.73%
SLM	B	-1.71%
UNM	B	-1.69%
APO	C	-1.68%
AMG	D	-1.66%
JHG	A	-1.66%
BRK.A	D	-1.66%
CINF	D	-1.65%
KKR	C	-1.65%
RNR	C	-1.63%
EG	C	-1.63%
MTG	B	-1.61%
NU	C	-1.6%
TROW	D	-1.58%
AGO	D	-1.55%
MTB	A	-1.41%
COLB	C	-1.41%
OMF	B	-1.39%
FHN	A	-1.37%
HBAN	A	-1.37%
AIG	A	-1.36%
C	A	-1.36%
MKL	A	-1.36%
L	A	-1.36%
FNB	A	-1.35%
ALLY	B	-1.33%
AMP	C	-1.32%
RYAN	D	-1.32%
BRO	C	-1.32%
STT	C	-1.32%
CMA	B	-1.3%
WBS	D	-1.22%
BEN	F	-1.13%
VIRT	B	-1.07%
EQH	A	-1.02%
KNSL	D	-1.01%
LPLA	B	-1.0%
ARES	A	-0.99%
BK	A	-0.98%
BOKF	A	-0.98%
AFL	A	-0.98%
BAC	B	-0.97%
EWBC	A	-0.96%
CFG	A	-0.96%
ZION	B	-0.96%
CB	C	-0.96%
HIG	C	-0.94%
RF	B	-0.93%
WAL	B	-0.92%
SEIC	C	-0.92%
PNFP	C	-0.91%
LNC	C	-0.87%
PRI	D	-0.85%
GS	A	-0.72%
WFC	A	-0.72%
FITB	A	-0.7%
TPG	D	-0.69%
ORI	A	-0.69%
BPOP	A	-0.69%
RGA	A	-0.69%
PB	B	-0.67%
AXS	A	-0.67%
PNC	B	-0.67%
JPM	B	-0.67%
WTW	D	-0.65%
MORN	D	-0.65%
NTRS	C	-0.65%
SNV	C	-0.64%
USB	D	-0.64%
UWMC	B	-0.62%
FAF	D	-0.61%
RKT	B	-0.59%
GL	F	-0.48%
SF	A	-0.34%
CBOE	C	-0.33%
JEF	B	-0.33%
TW	A	-0.33%
RJF	C	-0.32%
VOYA	B	-0.32%
AJG	C	-0.32%
PRU	A	-0.32%
MS	A	-0.32%
TRV	D	-0.31%
AIZ	D	-0.31%
KEY	C	-0.31%
CRBG	A	-0.31%
CFR	D	-0.31%
STWD	C	-0.31%
AFG	C	-0.31%
FNF	B	-0.31%
BLK	D	-0.3%
WRB	D	-0.29%
XP	D	-0.27%