QQEW vs. FWD ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to AB Disruptors ETF (FWD)

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

$130.64

Average Daily Volume

54,606

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

FWD

AB Disruptors ETF

FWD Description

FWD seeks capital growth by actively investing in companies globally, believed to be at the forefront of innovative growth trends. The funds adviser considers such companies as market disrupters. Many may utilize technology to enhance or create new demand for their product or service. The selection process combines a top-down evaluation of macroeconomic growth trends with fundamental, bottom-up analysis of individual companies. Factors such as current and projected profitability, pricing power, competitiveness, technological superiority, and management robustness of a company are considered. Targeted themes may include cloud infrastructure & AI, energy transition, transportation & logistics, medical innovation, digital transactions & media, and industrial innovation. The resulting portfolio of 80-120 stocks is considered non-diversified and may heavily focus on industries within the Information Technology sector.

Grade (RS Rating)

Last Trade

$83.95

Average Daily Volume

20,955

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	FWD
30 Days	4.45%	6.41%
60 Days	5.07%	8.28%
90 Days	5.05%	8.11%
12 Months	20.64%	46.37%

32 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in FWD	Overlap
ABNB	C	0.98%	0.46%	0.46%
ADBE	C	0.97%	0.71%	0.71%
ADI	D	0.9%	0.63%	0.63%
AMAT	F	0.93%	0.87%	0.87%
AMD	F	0.85%	0.7%	0.7%
AMZN	C	1.06%	1.73%	1.06%
ARM	D	0.94%	0.91%	0.91%
AVGO	D	0.96%	1.29%	0.96%
BKNG	A	1.17%	0.63%	0.63%
BKR	B	1.15%	0.85%	0.85%
CRWD	B	1.1%	1.11%	1.1%
DASH	A	1.19%	1.06%	1.06%
DDOG	A	1.1%	0.99%	0.99%
FTNT	C	1.18%	1.15%	1.15%
GOOGL	C	0.52%	1.3%	0.52%
ILMN	D	1.04%	0.56%	0.56%
ISRG	A	1.06%	1.62%	1.06%
LRCX	F	0.93%	0.94%	0.93%
MDB	C	1.01%	0.91%	0.91%
MELI	D	0.86%	0.62%	0.62%
META	D	0.99%	1.41%	0.99%
MRVL	B	1.18%	1.02%	1.02%
MSFT	F	0.94%	0.7%	0.7%
MU	D	1.05%	1.01%	1.01%
NFLX	A	1.15%	1.54%	1.15%
NVDA	C	1.21%	5.29%	1.21%
ON	D	0.92%	0.98%	0.92%
SNPS	B	1.04%	0.72%	0.72%
TEAM	A	1.47%	0.95%	0.95%
TSLA	B	1.25%	3.08%	1.25%
TTD	B	1.1%	1.05%	1.05%
TXN	C	0.97%	1.51%	0.97%

QQEW Overweight 69 Positions Relative to FWD

Symbol	Grade	Weight
LULU	C	1.21%
TTWO	A	1.17%
ZS	C	1.16%
CHTR	C	1.15%
WBD	C	1.15%
TMUS	B	1.14%
EA	A	1.13%
PCAR	B	1.12%
ODFL	B	1.11%
MAR	B	1.11%
PANW	C	1.11%
FAST	B	1.11%
INTC	D	1.1%
ADSK	A	1.1%
HON	B	1.09%
PDD	F	1.08%
CSCO	B	1.07%
CPRT	A	1.07%
PYPL	B	1.07%
ORLY	B	1.06%
CDNS	B	1.06%
ADP	B	1.05%
MNST	C	1.05%
WDAY	B	1.05%
PAYX	C	1.05%
GILD	C	1.05%
VRSK	A	1.04%
CMCSA	B	1.04%
GFS	C	1.04%
INTU	C	1.04%
XEL	A	1.03%
DXCM	D	1.02%
ANSS	B	1.02%
CTAS	B	1.02%
CTSH	B	1.02%
VRTX	F	1.0%
SBUX	A	0.99%
COST	B	0.98%
CSX	B	0.98%
FANG	D	0.97%
ROP	B	0.97%
AAPL	C	0.96%
PEP	F	0.93%
NXPI	D	0.93%
CSGP	D	0.93%
QCOM	F	0.93%
CCEP	C	0.93%
LIN	D	0.92%
EXC	C	0.91%
ROST	C	0.89%
DLTR	F	0.88%
AEP	D	0.88%
GEHC	F	0.88%
KHC	F	0.87%
KDP	D	0.86%
MDLZ	F	0.85%
CEG	D	0.85%
ASML	F	0.84%
AMGN	D	0.84%
KLAC	D	0.82%
MCHP	D	0.82%
AZN	D	0.8%
IDXX	F	0.8%
BIIB	F	0.79%
CDW	F	0.77%
REGN	F	0.66%
MRNA	F	0.58%
GOOG	C	0.52%
SMCI	F	0.38%

QQEW Underweight 47 Positions Relative to FWD

Symbol	Grade	Weight
VST	B	-2.35%
GEV	B	-2.15%
ORCL	B	-1.81%
VRT	B	-1.67%
BSX	B	-1.56%
ANET	C	-1.53%
SHOP	B	-1.39%
PLTR	B	-1.33%
HWM	A	-1.21%
SPOT	B	-1.16%
EPAM	C	-1.14%
ETN	A	-1.09%
APO	B	-1.09%
COHR	B	-1.06%
TT	A	-1.05%
CAT	B	-0.98%
IOT	A	-0.98%
LSCC	D	-0.94%
TER	D	-0.93%
WAB	B	-0.86%
SYK	C	-0.81%
NEE	D	-0.79%
GWRE	A	-0.79%
LLY	F	-0.76%
CIEN	B	-0.74%
FROG	C	-0.74%
MNDY	C	-0.74%
ABBV	D	-0.73%
RBLX	C	-0.72%
LITE	B	-0.66%
AFRM	B	-0.66%
SLAB	D	-0.65%
HUBS	A	-0.65%
TMO	F	-0.58%
NOW	A	-0.55%
GTLB	B	-0.53%
RDDT	B	-0.53%
ABT	B	-0.52%
UBER	D	-0.52%
CRL	C	-0.5%
BSY	D	-0.48%
CFLT	B	-0.48%
IPGP	D	-0.44%
IQV	D	-0.43%
FCX	D	-0.42%
RGEN	D	-0.41%
Z	A	-0.4%