RNDV vs. PAPI ETF Comparison

Comparison of First Trust US Equity Dividend Select ETF (RNDV) to Parametric Equity Premium Income ETF (PAPI)

RNDV

First Trust US Equity Dividend Select ETF

RNDV Description

The US Equity Dividend Select ETF (the "Fund") 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 Riskalyze US Equity Dividend Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$34.72

Average Daily Volume

7,095

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	RNDV	PAPI
30 Days	0.09%	3.08%
60 Days	2.01%	3.73%
90 Days	4.31%	4.88%
12 Months	25.40%	19.25%

58 Overlapping Holdings

Symbol	Grade	Weight in RNDV	Weight in PAPI	Overlap
ABBV	D	1.02%	0.46%	0.46%
ABT	B	0.72%	0.52%	0.52%
ACN	C	2.01%	0.5%	0.5%
ADI	D	1.81%	0.48%	0.48%
ADP	B	0.51%	0.54%	0.51%
AEP	D	0.37%	0.5%	0.37%
AFL	B	0.58%	0.5%	0.5%
AMCR	D	0.58%	0.47%	0.47%
APD	A	0.35%	0.51%	0.35%
BBY	D	1.55%	0.49%	0.49%
BDX	F	0.55%	0.5%	0.5%
CAG	D	0.8%	0.48%	0.48%
CAH	B	0.73%	0.56%	0.56%
CI	F	0.61%	0.47%	0.47%
CINF	A	0.85%	0.58%	0.58%
CMCSA	B	1.71%	0.54%	0.54%
CME	A	0.67%	0.52%	0.52%
CMI	A	0.6%	0.57%	0.57%
CTRA	B	0.68%	0.57%	0.57%
CVX	A	0.85%	0.57%	0.57%
DGX	A	0.74%	0.57%	0.57%
EMN	D	0.4%	0.49%	0.4%
EMR	A	0.56%	0.61%	0.56%
EOG	A	0.58%	0.56%	0.56%
EVRG	A	0.48%	0.55%	0.48%
FAST	B	0.58%	0.56%	0.56%
FMC	D	0.45%	0.46%	0.45%
GLW	B	3.05%	0.53%	0.53%
GPC	D	1.42%	0.45%	0.45%
GRMN	B	0.99%	0.65%	0.65%
HAS	D	1.63%	0.46%	0.46%
HPE	B	3.47%	0.53%	0.53%
HPQ	B	3.91%	0.52%	0.52%
HRL	D	0.69%	0.49%	0.49%
IBM	C	3.57%	0.46%	0.46%
IPG	D	2.14%	0.45%	0.45%
JNJ	D	1.08%	0.5%	0.5%
KMB	D	0.7%	0.49%	0.49%
LEN	D	0.46%	0.47%	0.46%
LHX	C	0.48%	0.53%	0.48%
MDT	D	1.11%	0.51%	0.51%
MRK	F	0.92%	0.46%	0.46%
MSFT	F	0.94%	0.53%	0.53%
OKE	A	0.9%	0.61%	0.61%
OMC	C	1.48%	0.49%	0.49%
PAYX	C	0.72%	0.53%	0.53%
PFG	D	1.05%	0.5%	0.5%
PM	B	0.91%	0.56%	0.56%
PRU	A	1.43%	0.53%	0.53%
QCOM	F	2.43%	0.49%	0.49%
SNA	A	0.69%	0.63%	0.63%
TROW	B	1.57%	0.56%	0.56%
TRV	B	0.6%	0.57%	0.57%
TXN	C	3.28%	0.53%	0.53%
UNH	C	0.56%	0.55%	0.55%
UPS	C	1.15%	0.52%	0.52%
VZ	C	3.4%	0.5%	0.5%
XOM	B	0.58%	0.52%	0.52%

RNDV Overweight 37 Positions Relative to PAPI

Symbol	Grade	Weight
MCHP	D	2.41%
BEN	C	2.16%
BMY	B	1.85%
CVS	D	1.57%
APH	A	1.26%
NTRS	A	1.15%
MTB	A	1.09%
HD	A	1.02%
MCD	D	1.01%
KLAC	D	0.86%
MET	A	0.85%
LOW	D	0.77%
BLK	C	0.75%
KVUE	A	0.75%
TSN	B	0.74%
NKE	D	0.72%
EG	C	0.64%
SWK	D	0.62%
GIS	D	0.61%
ITW	B	0.59%
K	A	0.58%
CHRW	C	0.57%
POOL	C	0.55%
NSC	B	0.55%
UNP	C	0.54%
LMT	D	0.5%
O	D	0.48%
PNW	B	0.45%
ES	D	0.43%
ETR	B	0.41%
MAA	B	0.4%
FRT	B	0.4%
EIX	B	0.39%
ESS	B	0.36%
DLR	B	0.36%
CF	B	0.35%
AVB	B	0.32%

RNDV Underweight 131 Positions Relative to PAPI

Symbol	Grade	Weight
IP	B	-0.63%
DTM	B	-0.62%
BKR	B	-0.62%
UNM	A	-0.61%
IDCC	A	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
PB	A	-0.59%
MO	A	-0.59%
IDA	A	-0.59%
KMI	A	-0.58%
JHG	A	-0.58%
WMB	A	-0.58%
JCI	C	-0.58%
WHR	B	-0.57%
RHI	B	-0.57%
SRE	A	-0.57%
RF	A	-0.57%
SYK	C	-0.57%
LH	C	-0.57%
TXRH	C	-0.57%
FOXA	B	-0.57%
XEL	A	-0.57%
WSO	A	-0.56%
RS	B	-0.56%
PKG	A	-0.56%
COP	C	-0.56%
VLO	C	-0.55%
PPL	B	-0.55%
DCI	B	-0.55%
INGR	B	-0.55%
GGG	B	-0.55%
OGE	B	-0.55%
T	A	-0.55%
GNTX	C	-0.54%
MOS	F	-0.54%
PAG	B	-0.54%
COR	B	-0.54%
OGS	A	-0.54%
ORI	A	-0.54%
WMT	A	-0.54%
CSCO	B	-0.54%
COST	B	-0.54%
CHD	B	-0.54%
AFG	A	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
MTN	C	-0.54%
AEE	A	-0.54%
CTSH	B	-0.53%
AM	A	-0.53%
GILD	C	-0.53%
ATO	A	-0.53%
MSM	C	-0.53%
COLM	B	-0.53%
HP	B	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
NFG	A	-0.52%
PG	A	-0.52%
ATR	B	-0.52%
PEG	A	-0.52%
EXPD	D	-0.52%
PSX	C	-0.52%
CHRD	D	-0.52%
WEC	A	-0.52%
POR	C	-0.51%
AVT	C	-0.51%
DD	D	-0.51%
CALM	A	-0.51%
DLB	B	-0.51%
DINO	D	-0.51%
HIG	B	-0.51%
FNF	B	-0.51%
LKQ	D	-0.51%
OXM	D	-0.51%
CTVA	C	-0.5%
DUK	C	-0.5%
RTX	C	-0.5%
POWI	D	-0.5%
NYT	C	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
GD	F	-0.5%
CCOI	B	-0.5%
SNX	C	-0.5%
RGLD	C	-0.5%
BG	F	-0.5%
D	C	-0.5%
MTG	C	-0.5%
SO	D	-0.5%
DOX	D	-0.49%
CHE	D	-0.49%
PPG	F	-0.49%
SON	D	-0.49%
FLO	D	-0.49%
LIN	D	-0.49%
JKHY	D	-0.49%
LYB	F	-0.48%
AOS	F	-0.48%
WEN	D	-0.48%
ED	D	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	D	-0.48%
WU	D	-0.48%
SHOO	D	-0.47%
ADM	D	-0.47%
KDP	D	-0.46%
ASH	D	-0.46%
KHC	F	-0.46%
SWKS	F	-0.45%
KO	D	-0.45%
DHR	F	-0.45%
ESNT	D	-0.45%
HUN	F	-0.44%
MAN	D	-0.44%
DOW	F	-0.44%
PFE	D	-0.44%
INSW	F	-0.44%
PII	D	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
CRI	D	-0.41%
HII	D	-0.39%
NEM	D	-0.38%
SCCO	F	-0.0%