RNSC vs. ERNZ ETF Comparison

Comparison of First Trust Small Cap US Equity Select ETF (RNSC) to TrueShares Active Yield ETF (ERNZ)

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity 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 Small Cap US Equity 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

$32.19

Average Daily Volume

3,054

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

ERNZ

TrueShares Active Yield ETF

ERNZ Description

The fund is an actively-managed ETF that seeks to deliver above-average yield relative to the broader market by purchasing a portfolio of 50 to 150 income generating securities. In pursuing its investment objective the fund also employs a secondary focus on capital preservation and the opportunity for long term growth of capital by seeking lower relative volatility compared to the broader market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$25.03

Average Daily Volume

11,875

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	RNSC	ERNZ
30 Days	8.93%	1.89%
60 Days	6.65%	0.06%
90 Days	6.86%	1.25%
12 Months	24.26%

23 Overlapping Holdings

Symbol	Grade	Weight in RNSC	Weight in ERNZ	Overlap
ABR	C	0.18%	1.36%	0.18%
APAM	B	0.2%	0.18%	0.18%
ARI	C	0.19%	0.05%	0.05%
BXMT	C	0.18%	0.18%	0.18%
CCOI	B	0.59%	0.39%	0.39%
CVI	F	0.21%	0.11%	0.11%
CWEN	C	0.17%	0.18%	0.17%
DEA	D	0.15%	0.1%	0.1%
FHI	A	0.21%	0.1%	0.1%
GFF	A	0.29%	0.39%	0.29%
GNL	F	0.15%	1.0%	0.15%
IIPR	D	0.14%	0.07%	0.07%
INSW	F	0.22%	3.07%	0.22%
LADR	B	0.19%	0.08%	0.08%
MPW	F	0.13%	0.12%	0.12%
PBI	B	0.28%	0.12%	0.12%
PMT	D	0.17%	0.25%	0.17%
RC	D	0.18%	0.93%	0.18%
SAH	A	0.35%	0.18%	0.18%
UVV	B	0.2%	0.09%	0.09%
VIRT	B	0.22%	0.42%	0.22%
WINA	B	0.33%	0.18%	0.18%
WMK	C	0.19%	0.09%	0.09%

RNSC Overweight 279 Positions Relative to ERNZ

Symbol	Grade	Weight
PINC	B	3.03%
LMAT	A	3.02%
USPH	B	2.87%
NHC	C	2.67%
CNMD	C	2.66%
PDCO	D	2.59%
CSGS	B	1.24%
CTS	C	1.24%
BHE	B	1.18%
PRGS	A	1.1%
CNXN	C	1.03%
SSTK	F	0.93%
XRX	F	0.9%
VSH	D	0.9%
YOU	D	0.87%
TDS	B	0.75%
IDCC	A	0.72%
CABO	C	0.63%
IRDM	D	0.52%
SHEN	F	0.51%
USLM	A	0.4%
WWW	B	0.4%
PRDO	B	0.39%
VAC	B	0.39%
VSEC	C	0.38%
PRIM	A	0.37%
PHIN	A	0.37%
NWL	B	0.37%
CAKE	C	0.37%
TNL	A	0.37%
TGNA	B	0.36%
GHC	C	0.36%
OSW	A	0.36%
GBX	A	0.35%
BKE	B	0.35%
POWL	C	0.35%
MCRI	A	0.34%
HNI	B	0.33%
UPBD	B	0.33%
KNTK	B	0.33%
WEN	D	0.33%
GVA	A	0.33%
STRA	C	0.33%
HI	C	0.32%
APOG	B	0.32%
LZB	B	0.32%
JACK	D	0.32%
DNUT	D	0.32%
CRGY	B	0.32%
HEES	B	0.32%
BOWL	C	0.32%
WS	B	0.32%
WGO	C	0.32%
JBT	B	0.32%
MWA	B	0.31%
EPAC	B	0.31%
ESE	B	0.31%
PSMT	C	0.31%
ULH	B	0.31%
WOR	F	0.31%
MLKN	D	0.31%
CRK	B	0.31%
PRG	C	0.31%
WTTR	B	0.31%
B	B	0.31%
SCS	C	0.31%
RRR	D	0.3%
KMT	B	0.3%
AROC	B	0.3%
HUBG	A	0.3%
CEIX	A	0.3%
SXI	B	0.3%
LCII	C	0.3%
NPO	A	0.29%
PZZA	D	0.29%
HLIO	B	0.29%
REVG	B	0.29%
CRAI	B	0.29%
CAL	D	0.29%
SNDR	B	0.29%
GEF	A	0.29%
PTVE	B	0.29%
TRN	C	0.29%
ALG	B	0.29%
TGLS	B	0.29%
NX	C	0.29%
CMCO	B	0.28%
LEG	F	0.28%
WERN	C	0.28%
FL	F	0.28%
AZZ	B	0.28%
EVTC	B	0.28%
KALU	C	0.28%
SHOO	D	0.28%
OXM	D	0.28%
ABM	B	0.28%
CCS	D	0.27%
UNF	B	0.27%
ARCB	C	0.27%
CXT	B	0.27%
LNN	B	0.27%
MTRN	C	0.26%
OEC	C	0.26%
KFRC	D	0.26%
CRI	D	0.26%
GIC	D	0.26%
IOSP	B	0.26%
GES	F	0.26%
MRTN	C	0.26%
MTX	B	0.26%
CLB	B	0.26%
KSS	F	0.26%
VSTS	C	0.25%
BLMN	F	0.25%
HWKN	B	0.25%
SCL	C	0.25%
BRC	D	0.25%
DK	C	0.25%
BTU	B	0.25%
PATK	D	0.25%
AIN	C	0.25%
KWR	C	0.25%
SLVM	B	0.25%
SCVL	F	0.25%
CALM	A	0.24%
CVBF	A	0.24%
CC	C	0.24%
LEVI	F	0.24%
NSSC	D	0.24%
AESI	B	0.24%
DAN	D	0.24%
SXT	B	0.24%
TNC	D	0.24%
INDB	B	0.23%
BFH	B	0.23%
BANR	B	0.23%
BOH	B	0.23%
RES	D	0.23%
ASB	B	0.23%
HY	D	0.23%
NIC	B	0.22%
BY	B	0.22%
MGEE	C	0.22%
BANF	B	0.22%
BGC	C	0.22%
FULT	A	0.22%
PFBC	B	0.22%
HMN	B	0.22%
VCTR	B	0.22%
WT	B	0.22%
FHB	A	0.22%
PEBO	A	0.22%
FRME	B	0.22%
FBK	B	0.22%
CBU	B	0.22%
PJT	A	0.22%
GABC	B	0.22%
MCY	A	0.22%
ICFI	F	0.22%
SYBT	B	0.22%
CDRE	D	0.22%
TRMK	B	0.22%
SASR	B	0.22%
WSBC	A	0.22%
CATY	B	0.22%
CASH	A	0.22%
WKC	D	0.22%
QCRH	A	0.22%
CHCO	B	0.21%
PPBI	B	0.21%
SBCF	A	0.21%
AGM	C	0.21%
NBTB	B	0.21%
EIG	B	0.21%
VBTX	B	0.21%
TCBK	B	0.21%
BHLB	B	0.21%
LKFN	B	0.21%
VRTS	B	0.21%
SFNC	B	0.21%
BKU	A	0.21%
EBC	B	0.21%
RNST	B	0.21%
PRK	B	0.21%
NBHC	B	0.21%
WSFS	A	0.21%
PFS	B	0.21%
STEP	B	0.21%
WABC	B	0.21%
EFSC	B	0.21%
FDP	B	0.21%
FFBC	A	0.21%
TR	B	0.2%
CPK	A	0.2%
TOWN	B	0.2%
CNNE	B	0.2%
HOPE	B	0.2%
SRCE	B	0.2%
ENR	B	0.2%
WDFC	B	0.2%
FCF	A	0.2%
BANC	A	0.2%
NWBI	B	0.2%
FIBK	A	0.2%
FBNC	A	0.2%
HTH	B	0.19%
MAC	B	0.19%
AKR	B	0.19%
KLG	C	0.19%
AVA	A	0.19%
STBA	B	0.19%
IVT	B	0.19%
UE	C	0.19%
LOB	B	0.19%
BUSE	B	0.19%
MSEX	B	0.19%
SKT	B	0.19%
NWN	A	0.19%
AWR	B	0.19%
CODI	B	0.19%
ROIC	A	0.19%
WAFD	B	0.19%
SAFT	C	0.19%
XHR	B	0.18%
IMKTA	C	0.18%
ALEX	C	0.18%
GTY	B	0.18%
CWT	D	0.18%
NNI	D	0.18%
PK	B	0.18%
AAT	B	0.18%
NAVI	C	0.18%
SPB	C	0.18%
SJW	D	0.18%
DRH	B	0.18%
VRE	B	0.18%
JJSF	B	0.18%
EPC	D	0.18%
DEI	B	0.18%
MMI	B	0.18%
ANDE	D	0.18%
NXRT	B	0.18%
OFG	B	0.18%
LTC	B	0.18%
STC	B	0.18%
APLE	B	0.18%
NWE	B	0.18%
FBP	B	0.18%
RLJ	C	0.18%
FBRT	C	0.18%
NTST	D	0.17%
PGRE	F	0.17%
ESRT	C	0.17%
UMH	C	0.17%
KW	B	0.17%
SHO	C	0.17%
FCPT	C	0.17%
CDP	C	0.17%
NMRK	B	0.17%
UTZ	D	0.17%
OUT	A	0.17%
EXPI	C	0.16%
DBRG	F	0.16%
ALX	D	0.16%
NSA	D	0.16%
BNL	D	0.16%
EPR	D	0.16%
ELME	D	0.16%
LXP	D	0.16%
NHI	D	0.16%
SEB	F	0.16%
PCH	D	0.16%
PEB	D	0.16%
CMTG	F	0.16%
HIW	D	0.16%
MBIN	D	0.16%
JBGS	D	0.15%
JOE	F	0.15%
MGPI	F	0.11%

RNSC Underweight 145 Positions Relative to ERNZ

Symbol	Grade	Weight
CLM	A	-3.79%
TCPC	C	-3.51%
FSK	A	-3.48%
OXLC	C	-3.31%
BCC	B	-3.05%
CRF	B	-2.98%
GBDC	C	-2.98%
TSLX	C	-2.89%
WSO	A	-2.69%
QYLD	B	-2.44%
KRP	B	-2.27%
KR	B	-1.7%
NEP	F	-1.54%
GOF	A	-1.51%
DHT	F	-1.34%
CTRA	B	-1.26%
NAT	F	-1.16%
PSEC	D	-1.16%
MUR	D	-1.13%
CAH	B	-1.12%
HTGC	D	-1.11%
ABBV	D	-1.08%
FDUS	A	-1.05%
HRZN	F	-1.03%
SHV	A	-1.01%
AVGO	D	-1.0%
BKLN	A	-0.97%
CWH	B	-0.91%
FANG	D	-0.91%
GILD	C	-0.9%
DKS	C	-0.87%
CLX	B	-0.87%
XMHQ	B	-0.86%
AOD	D	-0.78%
SPTN	D	-0.77%
TRGP	B	-0.76%
TFLO	B	-0.74%
ARES	A	-0.73%
ECC	D	-0.73%
AGNC	D	-0.73%
DX	B	-0.71%
ACP	C	-0.61%
USFR	A	-0.54%
LRCX	F	-0.51%
DAC	B	-0.51%
FRO	F	-0.46%
GBIL	B	-0.44%
PDI	C	-0.4%
BIL	A	-0.39%
OVV	B	-0.37%
GSBD	F	-0.36%
DDS	B	-0.32%
STLD	B	-0.31%
FCT	A	-0.3%
COST	B	-0.29%
SBR	B	-0.27%
STNG	F	-0.26%
GNK	D	-0.26%
CNA	B	-0.26%
KREF	D	-0.24%
ARCH	B	-0.24%
LVHI	B	-0.24%
NEAR	C	-0.23%
PULS	A	-0.22%
RA	B	-0.21%
NMFC	D	-0.21%
BTI	B	-0.21%
BAH	F	-0.2%
BIZD	B	-0.2%
UNIT	B	-0.2%
SCHO	C	-0.2%
MPC	D	-0.19%
FLBL	A	-0.18%
SRLN	A	-0.18%
ALB	C	-0.17%
COKE	C	-0.17%
BRSP	B	-0.17%
RAVI	A	-0.17%
GOGL	F	-0.16%
ARCC	A	-0.16%
PAG	B	-0.16%
VNLA	A	-0.16%
DVN	F	-0.15%
LYTS	B	-0.15%
BGS	F	-0.15%
VRIG	A	-0.15%
ETD	C	-0.15%
ICSH	A	-0.15%
FLTR	A	-0.15%
ROL	B	-0.15%
GIS	D	-0.15%
MINT	A	-0.14%
TSCO	D	-0.14%
FLRN	A	-0.13%
FTSL	B	-0.13%
NEM	D	-0.13%
HYGV	A	-0.12%
JCPB	C	-0.12%
MO	A	-0.12%
OHI	C	-0.12%
GOVT	D	-0.12%
GFI	D	-0.11%
CIVI	D	-0.11%
HLI	B	-0.11%
USDU	A	-0.11%
JMST	B	-0.11%
FTSM	B	-0.11%
SHY	D	-0.11%
IPAR	B	-0.11%
HRB	D	-0.11%
AMRK	F	-0.11%
HSY	F	-0.1%
VGLT	F	-0.1%
SQM	F	-0.1%
PNNT	B	-0.1%
RYLD	A	-0.1%
PCAR	B	-0.1%
UTG	A	-0.09%
EDV	F	-0.09%
KMB	D	-0.09%
FLOT	A	-0.09%
ZROZ	F	-0.09%
JPST	A	-0.09%
XYLD	A	-0.09%
AGZD	A	-0.08%
KOF	F	-0.08%
K	A	-0.08%
LGOV	F	-0.08%
OLN	D	-0.08%
SJNK	A	-0.08%
ASC	F	-0.08%
PFE	D	-0.08%
CPB	D	-0.08%
PEP	F	-0.08%
MAIN	A	-0.08%
PTEN	C	-0.08%
JMBS	C	-0.07%
AGZ	C	-0.07%
NGG	D	-0.07%
CL	D	-0.07%
RDY	F	-0.06%
USA	A	-0.06%
PG	A	-0.06%
PFLT	D	-0.04%
IEF	F	-0.04%