QQEW vs. INNO ETF Comparison

Comparison of First Trust NASDAQ-100 Equal Weighted Index Fund (QQEW) to Harbor Disruptive Innovation ETF (INNO)

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

$123.49

Average Daily Volume

78,769

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

INNO

Harbor Disruptive Innovation ETF

INNO Description

INNO invests in stocks of any size with growth potential linked to disruptive innovation. The fund aims to achieve enhanced risk-adjusted investment outcome by utilizing an active multi-manager approach in which the advisor allocates assets among subadvisors. Each subadvisor represents a strategy that targets associated disruptive companies in technology, advanced therapies, analog-to-digital transition, structural changes and secular trends, and products or services with large demand. The advisor determines and adjusts allocations based on qualitative and quantitative assessments of each strategy, as well as in combination. The fund may invest up to 25% in foreign markets, including developing countries. INNO utilizes the same investment strategy and portfolio management team as its mutual fund counterpart, Harbor Disruptive Innovation Fund.

Grade (RS Rating)

Last Trade

$15.46

Average Daily Volume

2,206

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	QQEW	INNO
30 Days	0.43%	-0.40%
60 Days	3.97%	1.44%
90 Days	-0.33%	-5.28%
12 Months	17.60%	15.84%

22 Overlapping Holdings

Symbol	Grade	Weight in QQEW	Weight in INNO	Overlap
AMAT	B	1.17%	1.64%	1.17%
AMD	C	0.82%	2.82%	0.82%
AMZN	A	1.04%	2.79%	1.04%
CDNS	B	1.03%	3.06%	1.03%
DASH	D	0.85%	1.85%	0.85%
DDOG	C	0.96%	1.06%	0.96%
DXCM	D	0.88%	1.76%	0.88%
GOOG	A	0.62%	3.72%	0.62%
GOOGL	A	0.62%	2.19%	0.62%
IDXX	D	0.94%	0.44%	0.44%
LIN	B	0.92%	2.71%	0.92%
LRCX	B	1.12%	5.04%	1.12%
MDB	D	0.63%	0.53%	0.53%
MELI	B	1.04%	2.64%	1.04%
META	B	1.03%	1.64%	1.03%
MRNA	C	1.33%	1.35%	1.33%
MSFT	A	1.05%	2.24%	1.05%
NVDA	B	1.48%	4.5%	1.48%
PANW	B	1.11%	0.7%	0.7%
TEAM	D	0.81%	0.59%	0.59%
TXN	B	1.11%	2.83%	1.11%
ZS	C	0.93%	0.47%	0.47%

QQEW Overweight 79 Positions Relative to INNO

Symbol	Grade	Weight
MU	B	1.49%
AVGO	B	1.38%
CEG	B	1.28%
QCOM	B	1.27%
TTD	A	1.23%
AAPL	B	1.21%
CRWD	B	1.2%
PDD	C	1.19%
KLAC	B	1.19%
AZN	B	1.18%
ADI	B	1.17%
KDP	A	1.16%
VRTX	B	1.16%
COST	A	1.16%
VRSK	A	1.11%
BKNG	A	1.11%
NXPI	B	1.11%
TTWO	B	1.09%
NFLX	A	1.09%
CTAS	A	1.09%
AMGN	B	1.09%
ASML	B	1.08%
MRVL	C	1.08%
TMUS	B	1.07%
TSLA	C	1.07%
AEP	D	1.06%
SNPS	B	1.06%
ISRG	A	1.06%
REGN	A	1.06%
ADBE	C	1.05%
HON	B	1.04%
BIIB	C	1.04%
CCEP	B	1.03%
XEL	D	1.02%
MCHP	D	1.01%
EA	B	1.0%
PAYX	D	1.0%
ADP	D	0.99%
ROP	A	0.99%
ROST	A	0.99%
PEP	D	0.98%
MAR	B	0.97%
ANSS	D	0.97%
EXC	D	0.96%
FANG	C	0.96%
ON	D	0.95%
BKR	B	0.95%
PYPL	F	0.95%
CHTR	C	0.94%
INTU	C	0.94%
GFS	C	0.94%
KHC	D	0.93%
CPRT	B	0.93%
MDLZ	D	0.92%
CSCO	F	0.92%
CDW	D	0.9%
FTNT	F	0.9%
PCAR	D	0.89%
ORLY	B	0.89%
ABNB	C	0.89%
GILD	C	0.87%
SBUX	F	0.87%
ADSK	B	0.87%
CSX	D	0.86%
CMCSA	F	0.86%
ILMN	F	0.84%
CTSH	C	0.84%
GEHC	C	0.84%
FAST	D	0.83%
WBD	F	0.83%
DLTR	F	0.82%
ODFL	D	0.81%
MNST	D	0.78%
WDAY	D	0.77%
CSGP	F	0.76%
WBA	F	0.74%
INTC	F	0.7%
LULU	F	0.65%
SIRI	F	0.63%

QQEW Underweight 40 Positions Relative to INNO

Symbol	Grade	Weight
NOW	B	-3.38%
PGR	C	-2.99%
DHR	C	-2.76%
SHOP	C	-2.34%
URI	D	-2.33%
CMG	B	-1.77%
ASND	C	-1.67%
CRM	D	-1.66%
PCOR	F	-1.65%
NET	B	-1.59%
TOST	B	-1.41%
CGNX	C	-1.4%
IOT	D	-1.38%
HUBS	D	-1.05%
GTLS	F	-1.01%
SNOW	D	-0.92%
ICLR	B	-0.89%
LSCC	F	-0.84%
UBER	B	-0.76%
SMAR	B	-0.72%
SAP	A	-0.68%
BSY	D	-0.68%
LLY	A	-0.66%
MNDY	B	-0.63%
S	D	-0.62%
GTLB	D	-0.57%
DKNG	F	-0.57%
DT	F	-0.55%
SE	B	-0.53%
RCKT	F	-0.53%
OKTA	D	-0.43%
ROKU	D	-0.43%
HUBB	D	-0.42%
LEGN	D	-0.42%
SQ	D	-0.41%
INSP	F	-0.4%
PODD	B	-0.39%
LNTH	B	-0.36%
PCVX	B	-0.22%
RPTX	D	-0.0%

INNO: Top Represented Industries & Keywords

Industries: Software - Application Biotechnology Diagnostics & Research Software - Infrastructure Semiconductors Internet Content & Information Medical Devices Semiconductor Equipment & Materials Specialty Retail Drug Manufacturers - Major Electronic Components Electronic Gaming & Multimedia Gambling Insurance - Property & Casualty Internet Content & Information Metal Fabrication Pay TV Rental & Leasing Services Restaurants Scientific & Technical Instruments