QVAL vs. FXL ETF Comparison

Comparison of ValueShares U.S. Quantitative Value ETF (QVAL) to First Trust Technology AlphaDEX (FXL)

QVAL

ValueShares U.S. Quantitative Value ETF

QVAL Description

The investment seeks long-term capital appreciation. The fund is an actively managed ETF. Under normal circumstances, it seeks to achieve its investment objective by investing primarily in U.S. equity securities that the Adviser believes, based on quantitative analysis, are undervalued at the time of purchase and have the potential for capital appreciation. The fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of U.S. companies. It will invest primarily in the exchange-listed common stock of U.S. companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.19

Average Daily Volume

23,626

Number of Holdings ^*

49

* may have additional holdings in another (foreign) market

FXL

First Trust Technology AlphaDEX

FXL 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) Technology 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 technology 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

$128.62

Average Daily Volume

30,322

Number of Holdings ^*

94

* may have additional holdings in another (foreign) market

Performance

Period	QVAL	FXL
30 Days	-3.76%	-4.53%
60 Days	1.68%	-7.50%
90 Days	5.30%	-4.73%
12 Months	35.45%	31.70%

4 Overlapping Holdings

	Symbol	Grade	Weight in QVAL	Weight in FXL	Overlap
	ARW	B	2.06%	1.8%	1.8%
	CTSH	F	1.9%	1.72%	1.72%
	HPQ	F	1.9%	1.02%	1.02%
	SNX	B	2.25%	1.53%	1.53%

QVAL Overweight 45 Positions Relative to FXL

	Symbol	Grade	Weight
	LBRT	B	2.25%
	DAL	A	2.15%
	BG	B	2.15%
	WFRD	A	2.15%
	ELV	B	2.12%
	SIG	B	2.11%
	OMC	B	2.08%
	AMR	D	2.08%
	CRC	D	2.07%
	ARCH	D	2.07%
	INSW	A	2.05%
	CCK	B	2.05%
	MUSA	B	2.05%
	PSX	D	2.04%
	SM	B	2.04%
	ALSN	D	2.04%
	MO	A	2.02%
	OC	A	2.02%
	HAL	D	2.02%
	AGCO	F	2.02%
	SKX	A	2.0%
	T	B	2.0%
	VLO	B	2.0%
	TPH	A	1.99%
	TEX	D	1.99%
	CSCO	F	1.98%
	IPG	F	1.98%
	UTHR	A	1.98%
	THC	A	1.95%
	PHM	A	1.95%
	UFPI	C	1.94%
	CEIX	F	1.94%
	GPK	D	1.93%
	CMCSA	F	1.92%
	SNA	D	1.9%
	CVI	F	1.9%
	LEA	F	1.9%
	TOL	B	1.9%
	APA	F	1.89%
	TMHC	D	1.88%
	BBY	F	1.86%
	DHI	C	1.84%
	MOH	F	1.81%
	CROX	C	1.8%
	CRI	F	1.79%

QVAL Underweight 90 Positions Relative to FXL

	Symbol	Grade	Weight
	APP	A	-1.91%
	META	D	-1.9%
	PSTG	C	-1.85%
	NTNX	C	-1.84%
	AVT	B	-1.82%
	VRT	A	-1.8%
	HPE	D	-1.77%
	DASH	D	-1.75%
	IPGP	D	-1.75%
	CRWD	C	-1.74%
	TOST	C	-1.73%
	IAC	B	-1.72%
	SWKS	F	-1.71%
	NVDA	C	-1.7%
	GFS	D	-1.66%
	CNXC	F	-1.59%
	ON	D	-1.56%
	GDDY	A	-1.55%
	DXC	F	-1.49%
	SAIC	C	-1.46%
	NOW	D	-1.45%
	DOX	F	-1.43%
	NTAP	B	-1.41%
	AMAT	C	-1.4%
	PLTR	C	-1.4%
	AVGO	D	-1.4%
	DNB	D	-1.38%
	PEGA	D	-1.37%
	CRM	D	-1.37%
	MANH	F	-1.37%
	NET	C	-1.35%
	INFA	D	-1.34%
	ENTG	D	-1.34%
	PCOR	D	-1.3%
	HUBS	D	-1.16%
	DDOG	B	-1.14%
	CACI	A	-1.13%
	MSFT	D	-1.08%
	PTC	D	-1.07%
	MCHP	A	-1.07%
	IT	D	-1.06%
	SSNC	C	-1.06%
	FFIV	F	-1.06%
	AKAM	F	-1.05%
	KLAC	C	-1.04%
	SNPS	D	-1.03%
	CRUS	D	-1.02%
	LRCX	D	-1.02%
	ORCL	D	-1.02%
	OKTA	C	-1.01%
	CDNS	D	-1.01%
	AMD	D	-0.94%
	GOOGL	A	-0.78%
	KBR	A	-0.75%
	APH	A	-0.74%
	ADI	A	-0.72%
	GTLB	D	-0.72%
	DBX	F	-0.72%
	INTU	D	-0.72%
	TXN	A	-0.71%
	QCOM	A	-0.71%
	GLW	B	-0.71%
	CFLT	F	-0.7%
	CDW	F	-0.7%
	ZM	D	-0.7%
	S	C	-0.68%
	JBL	F	-0.67%
	MTCH	F	-0.65%
	RNG	D	-0.65%
	NCNO	D	-0.6%
	INTC	F	-0.58%
	HCP	A	-0.38%
	PANW	B	-0.37%
	MDB	D	-0.36%
	ESTC	B	-0.36%
	VRSN	F	-0.35%
	FTNT	C	-0.34%
	DOCU	A	-0.34%
	PINS	B	-0.34%
	IBM	D	-0.34%
	ROP	D	-0.34%
	WDAY	F	-0.33%
	DLB	D	-0.33%
	MPWR	B	-0.32%
	OLED	D	-0.32%
	ZS	D	-0.32%
	PATH	F	-0.31%
	DV	D	-0.31%
	TER	A	-0.31%
	ADSK	F	-0.3%

QVAL: Top Represented Industries & Keywords

Industries: Residential Construction Coal Oil & Gas E&P Oil & Gas Equipment & Services Oil & Gas Refining & Marketing Advertising Agencies Auto Parts Farm & Construction Equipment Footwear & Accessories Health Care Plans Packaging & Containers Specialty Retail Airlines Apparel Manufacturing Biotechnology Building Materials Business Services Communication Equipment Computer Systems Electronics & Computer Distribution

Keywords: S&P 500 Homebuilder Petroleum Industry Crude Oil Natural Gas Retail Store Sulfur Business Process Outsourcing Chemical Clothing Computing Construction Distribution Systems Information And Communications Technology Information Management Mining Nasdaq 100 Natural Gas Liquids Telecommunications Tools

FXL: Top Represented Industries & Keywords

Industries: Software - Application Software - Infrastructure Semiconductors Information Technology Services Internet Content & Information Semiconductor Equipment & Materials Data Storage Electronic Components Telecom Services Business Services Communication Equipment Computer Systems Conglomerates Contract Manufacturers Diversified Industrials Electronics & Computer Distribution Electronics Distribution Engineering & Construction Internet Content & Information Media - Diversified

Keywords: S&P 500 Computing Nasdaq 100 Semiconductor Cloud Computing Integrated Circuits Work From Home Cloud Infrastructure Electronics Software As A Service Mobile Devices Operating System Smartphones Software CRM Information And Communications Technology Information Technology Management Systems Integrator Artificial Intelligence Business Intelligence