QQEW vs. ARKK ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to ARK Innovation ETF (ARKK)

QQEW

First Trust NASDAQ-100 Equal Weighted Index Fund

QQEW 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-100 Equal Weighted 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. The NASDAQ-100 Equal Weighted Index(SM) is the equal-weighted version of the NASDAQ-100 Index(R) which includes 100 of the largest non-financial securities listed on NASDAQ(R) based on market capitalization. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$129.71

Average Daily Volume

54,762

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

ARKK

ARK Innovation ETF

ARKK Description

The investment seeks long-term growth of capital. The fund is an actively-managed exchange-traded fund ("ETF") that will invest under normal circumstances primarily (at least 65% of its assets) in domestic and foreign equity securities of companies that are relevant to the fund's investment theme of disruptive innovation. Its investments in foreign equity securities will be in both developed and emerging markets. The fund currently intends to use only American Depositary Receipts ("ADRs") when purchasing foreign securities. It is non-diversified.

Grade (RS Rating)

Last Trade

$54.77

Average Daily Volume

6,796,969

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	ARKK
30 Days	2.68%	16.16%
60 Days	4.65%	16.78%
90 Days	4.30%	18.45%
12 Months	19.78%	23.58%

6 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in ARKK	Overlap
AMD	F	0.85%	1.13%	0.85%
AMZN	C	1.06%	1.59%	1.06%
ILMN	C	1.04%	0.87%	0.87%
META	D	0.99%	2.42%	0.99%
TSLA	B	1.25%	14.91%	1.25%
TTD	B	1.1%	1.89%	1.1%

QQEW Overweight 95 Positions Relative to ARKK

Symbol	Grade	Weight
TEAM	A	1.47%
LULU	C	1.21%
NVDA	B	1.21%
DASH	B	1.19%
MRVL	B	1.18%
FTNT	C	1.18%
TTWO	A	1.17%
BKNG	A	1.17%
ZS	B	1.16%
CHTR	C	1.15%
NFLX	A	1.15%
WBD	B	1.15%
BKR	A	1.15%
TMUS	B	1.14%
EA	A	1.13%
PCAR	B	1.12%
ODFL	C	1.11%
MAR	A	1.11%
PANW	B	1.11%
FAST	B	1.11%
DDOG	A	1.1%
INTC	C	1.1%
ADSK	A	1.1%
CRWD	B	1.1%
HON	C	1.09%
PDD	F	1.08%
CSCO	B	1.07%
CPRT	B	1.07%
PYPL	B	1.07%
ORLY	B	1.06%
ISRG	A	1.06%
CDNS	B	1.06%
MU	D	1.05%
ADP	A	1.05%
MNST	C	1.05%
WDAY	B	1.05%
PAYX	B	1.05%
GILD	C	1.05%
VRSK	A	1.04%
SNPS	B	1.04%
CMCSA	B	1.04%
GFS	C	1.04%
INTU	B	1.04%
XEL	A	1.03%
DXCM	C	1.02%
ANSS	B	1.02%
CTAS	B	1.02%
CTSH	B	1.02%
MDB	B	1.01%
VRTX	D	1.0%
SBUX	A	0.99%
COST	A	0.98%
CSX	C	0.98%
ABNB	C	0.98%
FANG	C	0.97%
ROP	B	0.97%
TXN	C	0.97%
ADBE	C	0.97%
AVGO	D	0.96%
AAPL	C	0.96%
MSFT	D	0.94%
ARM	F	0.94%
PEP	F	0.93%
NXPI	D	0.93%
LRCX	F	0.93%
AMAT	F	0.93%
CSGP	D	0.93%
QCOM	F	0.93%
CCEP	C	0.93%
LIN	C	0.92%
ON	D	0.92%
EXC	C	0.91%
ADI	D	0.9%
ROST	D	0.89%
DLTR	F	0.88%
AEP	C	0.88%
GEHC	D	0.88%
KHC	F	0.87%
KDP	F	0.86%
MELI	C	0.86%
MDLZ	F	0.85%
CEG	C	0.85%
ASML	F	0.84%
AMGN	F	0.84%
KLAC	F	0.82%
MCHP	F	0.82%
AZN	F	0.8%
IDXX	F	0.8%
BIIB	F	0.79%
CDW	F	0.77%
REGN	F	0.66%
MRNA	F	0.58%
GOOGL	C	0.52%
GOOG	C	0.52%
SMCI	F	0.38%

QQEW Underweight 26 Positions Relative to ARKK

Symbol	Grade	Weight
COIN	C	-9.34%
ROKU	D	-9.33%
RBLX	C	-6.36%
PLTR	B	-5.33%
HOOD	B	-4.82%
SHOP	B	-4.78%
CRSP	D	-4.63%
SQ	A	-4.24%
PATH	C	-2.68%
PD	C	-2.27%
DKNG	B	-2.15%
RXRX	F	-2.11%
NTLA	F	-2.09%
BEAM	D	-1.91%
TXG	F	-1.84%
TWST	F	-1.8%
VCYT	B	-1.73%
TER	F	-1.37%
SOFI	B	-1.2%
PINS	F	-1.14%
NTRA	A	-1.12%
ACHR	B	-1.07%
PACB	F	-0.63%
U	C	-0.48%
CERS	D	-0.36%
PRME	F	-0.14%