RNSC vs. NIXT ETF Comparison

Comparison of First Trust Small Cap US Equity Select ETF (RNSC) to Research Affiliates Deletions ETF (NIXT)

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

$31.69

Average Daily Volume

3,017

Number of Holdings ^*

302

* may have additional holdings in another (foreign) market

NIXT

Research Affiliates Deletions ETF

NIXT Description

The index consists of U.S. equity securities of micro-, small- and mid- capitalization companies that are believed to be value stocks. Under normal circumstances, at least 80% of the fund"s total assets (exclusive of collateral held from securities lending) will be invested in U.S. equity securities of micro-, small- and mid- companies.

Grade (RS Rating)

Last Trade

$26.82

Average Daily Volume

42,775

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	RNSC	NIXT
30 Days	6.45%	2.60%
60 Days	5.04%	2.78%
90 Days	5.21%
12 Months	22.34%

25 Overlapping Holdings

Symbol	Grade	Weight in RNSC	Weight in NIXT	Overlap
APLE	B	0.18%	0.65%	0.18%
BFH	C	0.23%	0.96%	0.23%
BKU	A	0.2%	0.9%	0.2%
CABO	B	0.62%	0.59%	0.59%
CCOI	B	0.57%	0.75%	0.57%
CRI	F	0.25%	0.46%	0.25%
CVI	F	0.2%	0.37%	0.2%
DEI	B	0.18%	0.81%	0.18%
EPR	C	0.16%	0.68%	0.16%
FHB	B	0.22%	0.79%	0.22%
FL	F	0.3%	0.73%	0.3%
HIW	C	0.17%	0.75%	0.17%
JBGS	F	0.16%	0.63%	0.16%
KSS	F	0.27%	0.47%	0.27%
LEG	F	0.27%	0.4%	0.27%
MAC	B	0.19%	0.85%	0.19%
NWL	C	0.37%	0.7%	0.37%
OUT	A	0.17%	0.7%	0.17%
PINC	B	3.0%	0.67%	0.67%
PK	C	0.18%	0.57%	0.18%
SNDR	B	0.29%	0.94%	0.29%
TDS	B	0.75%	1.23%	0.75%
TNL	A	0.36%	0.74%	0.36%
VAC	C	0.4%	0.58%	0.4%
XRX	F	0.93%	0.4%	0.4%

RNSC Overweight 277 Positions Relative to NIXT

Symbol	Grade	Weight
LMAT	A	2.95%
USPH	B	2.91%
NHC	C	2.81%
CNMD	C	2.71%
PDCO	F	2.51%
CTS	C	1.29%
BHE	C	1.25%
CSGS	B	1.24%
PRGS	A	1.09%
CNXN	C	1.04%
SSTK	F	1.01%
VSH	F	0.99%
YOU	D	0.9%
IDCC	B	0.71%
IRDM	D	0.53%
SHEN	F	0.49%
POWL	C	0.42%
WWW	A	0.4%
USLM	A	0.38%
VSEC	C	0.38%
PRIM	A	0.37%
CAKE	C	0.36%
GHC	B	0.36%
OSW	B	0.36%
TGNA	B	0.36%
WGO	C	0.35%
SAH	C	0.35%
PRDO	B	0.35%
PHIN	A	0.35%
GBX	A	0.34%
WINA	C	0.34%
MCRI	A	0.33%
APOG	C	0.33%
STRA	C	0.33%
WEN	D	0.33%
WS	C	0.33%
DNUT	F	0.33%
ULH	C	0.32%
BKE	B	0.32%
BOWL	C	0.32%
WOR	F	0.32%
EPAC	C	0.32%
UPBD	B	0.32%
HEES	C	0.32%
HNI	B	0.32%
GVA	A	0.32%
KNTK	A	0.31%
PZZA	F	0.31%
LZB	B	0.31%
CRK	B	0.31%
PRG	C	0.31%
MLKN	F	0.31%
CRGY	B	0.31%
SCS	C	0.31%
MWA	B	0.31%
JBT	B	0.31%
JACK	C	0.31%
RRR	F	0.3%
CEIX	A	0.3%
LCII	C	0.3%
HI	C	0.3%
SXI	B	0.3%
B	A	0.3%
TGLS	B	0.3%
KMT	B	0.3%
PSMT	D	0.3%
CRAI	C	0.3%
HLIO	B	0.29%
TRN	B	0.29%
REVG	C	0.29%
HUBG	A	0.29%
GEF	A	0.29%
ABM	B	0.29%
NX	C	0.29%
CAL	F	0.29%
PBI	B	0.29%
ARCB	C	0.29%
ESE	B	0.29%
WTTR	A	0.29%
CLB	B	0.28%
EVTC	B	0.28%
AROC	A	0.28%
SHOO	F	0.28%
OXM	F	0.28%
WERN	C	0.28%
KALU	C	0.28%
ALG	B	0.28%
GES	F	0.27%
ICFI	F	0.27%
NPO	A	0.27%
IOSP	C	0.27%
LNN	B	0.27%
UNF	B	0.27%
CCS	D	0.27%
SCVL	F	0.27%
CMCO	C	0.27%
MRTN	D	0.27%
SLVM	B	0.27%
PTVE	B	0.27%
AZZ	A	0.27%
BTU	B	0.26%
BLMN	F	0.26%
GIC	D	0.26%
GFF	A	0.26%
MTX	B	0.26%
BRC	D	0.26%
MTRN	C	0.26%
CXT	C	0.26%
KFRC	D	0.26%
VSTS	C	0.25%
TNC	D	0.25%
KWR	C	0.25%
DAN	D	0.25%
NSSC	D	0.25%
SCL	C	0.25%
CC	C	0.24%
DK	C	0.24%
CDRE	F	0.24%
LEVI	F	0.24%
HWKN	B	0.24%
PATK	C	0.24%
AESI	B	0.24%
OEC	C	0.24%
SXT	C	0.24%
AIN	C	0.24%
BGC	C	0.23%
TRMK	C	0.23%
INDB	B	0.23%
BANR	B	0.23%
VCTR	B	0.23%
BOH	B	0.23%
ASB	B	0.23%
RES	D	0.23%
CVBF	A	0.23%
MCY	A	0.22%
FRME	B	0.22%
BY	B	0.22%
INSW	F	0.22%
PFBC	B	0.22%
BANF	B	0.22%
PJT	A	0.22%
HMN	B	0.22%
CALM	A	0.22%
WSBC	B	0.22%
SASR	B	0.22%
STEP	C	0.22%
CBU	B	0.22%
HY	D	0.22%
WKC	C	0.22%
FBK	C	0.22%
CATY	B	0.22%
CASH	B	0.22%
SYBT	B	0.22%
QCRH	B	0.22%
PPBI	C	0.21%
AGM	B	0.21%
CHCO	B	0.21%
NBTB	B	0.21%
TCBK	C	0.21%
FHI	B	0.21%
EBC	B	0.21%
LKFN	C	0.21%
VBTX	B	0.21%
VRTS	B	0.21%
MGEE	B	0.21%
FDP	B	0.21%
SFNC	C	0.21%
BHLB	B	0.21%
RNST	B	0.21%
FULT	A	0.21%
EFSC	B	0.21%
FFBC	B	0.21%
PRK	B	0.21%
VIRT	A	0.21%
PFS	B	0.21%
WABC	B	0.21%
PEBO	B	0.21%
GABC	B	0.21%
NBHC	C	0.21%
NIC	B	0.21%
TOWN	B	0.2%
WMK	C	0.2%
WT	A	0.2%
FIBK	B	0.2%
WDFC	B	0.2%
HOPE	C	0.2%
CNNE	B	0.2%
SRCE	B	0.2%
NWBI	B	0.2%
FCF	B	0.2%
EIG	B	0.2%
WSFS	B	0.2%
FBNC	B	0.2%
SBCF	B	0.2%
BANC	B	0.2%
APAM	B	0.2%
LADR	B	0.19%
ROIC	A	0.19%
UE	B	0.19%
STBA	B	0.19%
CODI	B	0.19%
AWR	B	0.19%
BUSE	B	0.19%
KLG	B	0.19%
SAFT	B	0.19%
ENR	B	0.19%
MSEX	C	0.19%
WAFD	B	0.19%
STC	B	0.18%
XHR	B	0.18%
AAT	B	0.18%
UTZ	D	0.18%
AVA	A	0.18%
NAVI	F	0.18%
NNI	D	0.18%
SHO	D	0.18%
NXRT	B	0.18%
MMI	C	0.18%
KW	C	0.18%
DRH	B	0.18%
SPB	C	0.18%
EPC	F	0.18%
BXMT	C	0.18%
RLJ	C	0.18%
OFG	B	0.18%
CDP	C	0.18%
PGRE	F	0.18%
AKR	B	0.18%
ABR	C	0.18%
LTC	B	0.18%
ARI	C	0.18%
UVV	B	0.18%
LOB	C	0.18%
CMTG	F	0.18%
SKT	A	0.18%
FBRT	D	0.18%
TR	B	0.18%
HTH	C	0.18%
NWN	A	0.18%
FBP	C	0.18%
CPK	A	0.18%
JJSF	C	0.18%
IVT	A	0.18%
CWEN	C	0.17%
ESRT	C	0.17%
DEA	D	0.17%
UMH	B	0.17%
ELME	D	0.17%
PMT	C	0.17%
VRE	B	0.17%
NMRK	C	0.17%
GTY	A	0.17%
CWT	C	0.17%
IMKTA	C	0.17%
SJW	F	0.17%
NWE	B	0.17%
RC	D	0.17%
ANDE	D	0.17%
ALEX	B	0.17%
EXPI	D	0.17%
ALX	D	0.16%
BNL	D	0.16%
PCH	F	0.16%
FCPT	C	0.16%
LXP	D	0.16%
NHI	D	0.16%
PEB	D	0.16%
NTST	C	0.16%
MBIN	F	0.16%
DBRG	F	0.15%
NSA	C	0.15%
JOE	F	0.15%
SEB	F	0.15%
GNL	F	0.15%
MPW	F	0.13%
IIPR	D	0.13%
MGPI	F	0.11%

RNSC Underweight 112 Positions Relative to NIXT

Symbol	Grade	Weight
LUMN	C	-4.72%
LBRDK	C	-1.21%
LITE	B	-1.2%
DNLI	D	-1.18%
FTDR	B	-1.12%
SIRI	C	-1.12%
OMCL	C	-1.1%
AFRM	A	-1.09%
HBI	B	-1.06%
ACIW	B	-1.01%
VNO	C	-1.0%
VFC	C	-0.99%
SLG	B	-0.95%
CHRW	B	-0.95%
GEN	B	-0.92%
UAA	C	-0.86%
CMA	B	-0.84%
SHC	F	-0.84%
LOPE	C	-0.81%
EQH	C	-0.8%
BIO	C	-0.8%
LNC	C	-0.8%
SMTC	B	-0.79%
MKTX	D	-0.79%
NRG	B	-0.78%
BXP	C	-0.78%
AMBA	B	-0.78%
SABR	C	-0.77%
FNF	B	-0.76%
PNW	A	-0.76%
RL	C	-0.76%
UHS	D	-0.75%
REG	A	-0.75%
PNM	B	-0.75%
PAYC	B	-0.75%
MP	C	-0.75%
ELS	C	-0.74%
MSGS	A	-0.74%
RNG	C	-0.74%
JWN	D	-0.74%
DBX	B	-0.73%
DXC	B	-0.72%
SGRY	F	-0.72%
TFSL	A	-0.72%
CRUS	D	-0.72%
RIVN	F	-0.72%
YETI	D	-0.71%
OGS	A	-0.71%
KMX	B	-0.7%
MASI	B	-0.7%
VYX	B	-0.7%
ZD	B	-0.69%
SAM	C	-0.69%
JBLU	F	-0.68%
AVT	C	-0.67%
CNA	C	-0.67%
EMN	C	-0.66%
FRT	B	-0.66%
ALE	A	-0.66%
VIR	D	-0.66%
JKHY	D	-0.65%
GAP	C	-0.65%
CTLT	C	-0.65%
EQC	B	-0.65%
NVST	B	-0.64%
HE	C	-0.63%
HAS	D	-0.62%
MTCH	D	-0.61%
HAE	C	-0.61%
PARA	C	-0.61%
IAC	F	-0.61%
CAR	C	-0.61%
AMED	F	-0.6%
NEU	D	-0.6%
ASAN	B	-0.59%
ALLY	C	-0.59%
SPR	D	-0.59%
HLF	C	-0.58%
HST	C	-0.58%
ARWR	D	-0.58%
TFX	F	-0.57%
FMC	D	-0.57%
NGVT	B	-0.55%
HP	C	-0.55%
NOMD	D	-0.55%
AZTA	D	-0.54%
RAMP	B	-0.54%
NOV	C	-0.54%
IART	C	-0.52%
BMBL	C	-0.52%
LCID	F	-0.51%
ENOV	C	-0.51%
MOS	F	-0.5%
ZI	D	-0.5%
PLUG	F	-0.5%
HTZ	C	-0.49%
CBRL	C	-0.48%
ACLS	F	-0.48%
ETSY	D	-0.47%
NTLA	F	-0.47%
NSP	F	-0.45%
MQ	D	-0.45%
AEO	F	-0.45%
BBWI	C	-0.43%
HELE	C	-0.43%
MRVI	F	-0.42%
XRAY	F	-0.36%
QRVO	F	-0.34%
TRIP	F	-0.33%
SVC	F	-0.29%
SAGE	F	-0.25%
AGL	F	-0.21%