SHRT vs. FXR ETF Comparison

Comparison of Gotham Short Strategies ETF (SHRT) to First Trust Industrials AlphaDEX (FXR)

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$8.11

Average Daily Volume

1,828

Number of Holdings ^*

197

* may have additional holdings in another (foreign) market

FXR

First Trust Industrials AlphaDEX

FXR 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) Industrials 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 industrials and producer durables sectors 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

$75.61

Average Daily Volume

37,657

Number of Holdings ^*

137

* may have additional holdings in another (foreign) market

Performance

Period	SHRT	FXR
30 Days	-3.51%	0.44%
60 Days	-1.82%	2.86%
90 Days	-3.11%	9.54%
12 Months		36.70%

22 Overlapping Holdings

Symbol	Grade	Weight in SHRT	Weight in FXR	Overlap
ADTN	B	0.0%	1.07%	0.0%
AOS	F	0.01%	0.41%	0.01%
AXTA	A	1.09%	0.23%	0.23%
AZEK	C	0.1%	0.43%	0.1%
BALL	F	0.53%	0.23%	0.23%
CSX	F	0.09%	0.71%	0.09%
DOV	B	0.85%	0.71%	0.71%
EFX	D	0.07%	0.68%	0.07%
GPK	D	0.26%	0.96%	0.26%
J	D	0.7%	0.51%	0.51%
JBHT	A	0.35%	0.75%	0.35%
LFUS	D	0.01%	0.23%	0.01%
LPX	D	1.96%	1.18%	1.18%
MIDD	F	1.42%	0.73%	0.73%
MMM	D	1.12%	0.88%	0.88%
MSA	F	0.12%	0.22%	0.12%
PNR	B	0.09%	0.48%	0.09%
SEE	A	0.37%	0.47%	0.37%
SLGN	A	0.27%	0.71%	0.27%
SNDR	A	0.05%	0.92%	0.05%
TTC	F	0.05%	0.45%	0.05%
UNP	D	0.05%	0.22%	0.05%

SHRT Overweight 175 Positions Relative to FXR

Symbol	Grade	Weight
TGT	D	1.89%
NRG	B	1.7%
MU	C	1.58%
FMC	B	1.51%
THC	C	1.5%
DVN	F	1.47%
D	B	1.43%
LRCX	F	1.43%
CHWY	D	1.41%
AMAT	F	1.38%
MTZ	A	1.36%
CRUS	F	1.3%
CCL	A	1.26%
SWKS	F	1.24%
QRVO	F	1.21%
DAR	B	1.14%
BDX	C	1.1%
ELAN	D	1.06%
MUR	F	1.06%
BWA	D	1.02%
TMO	D	1.01%
TSN	D	0.98%
RVTY	C	0.92%
LEA	F	0.91%
PPC	A	0.9%
UHS	D	0.88%
MRO	C	0.87%
QGEN	D	0.85%
ALNY	C	0.85%
RGEN	D	0.83%
H	D	0.83%
RMD	A	0.83%
CNC	D	0.83%
ALKS	F	0.82%
IDXX	F	0.8%
SWK	D	0.8%
WDAY	F	0.79%
APTV	F	0.77%
CCK	B	0.73%
MKSI	F	0.73%
SMG	A	0.73%
PEGA	A	0.71%
MO	A	0.69%
CTLT	D	0.69%
KLAC	F	0.67%
CHTR	B	0.66%
ENPH	F	0.66%
GRMN	A	0.66%
WDC	C	0.63%
AVTR	F	0.62%
ICUI	C	0.59%
NWSA	A	0.59%
CL	F	0.58%
RBA	A	0.56%
XRAY	F	0.55%
BIIB	F	0.55%
POST	D	0.53%
TKO	D	0.52%
HOLX	A	0.51%
INGR	C	0.51%
MATX	A	0.47%
ADMA	B	0.46%
DG	F	0.45%
LYB	F	0.45%
EL	F	0.45%
HALO	B	0.44%
RRX	A	0.43%
KMX	F	0.42%
WFG	C	0.42%
GM	B	0.4%
GFS	F	0.4%
SPOT	A	0.38%
MSGS	A	0.38%
AVNT	D	0.36%
ABBV	A	0.35%
MOH	D	0.33%
MMS	D	0.32%
PPL	C	0.32%
IP	A	0.32%
ISRG	B	0.31%
UI	A	0.3%
FSS	F	0.3%
NFG	C	0.29%
FCX	D	0.29%
IQV	F	0.28%
ONTO	F	0.27%
ASH	F	0.27%
QLYS	F	0.26%
GPI	C	0.26%
LTH	D	0.26%
JAZZ	D	0.26%
COP	D	0.25%
GOLF	D	0.22%
MPWR	F	0.22%
MRVL	A	0.19%
BMRN	F	0.19%
GAP	D	0.18%
TWLO	A	0.17%
OXY	F	0.17%
DRI	C	0.17%
SGBX	F	0.17%
COTY	F	0.16%
COR	A	0.16%
TPX	F	0.16%
ON	D	0.15%
IGT	F	0.14%
ROST	F	0.14%
ARW	D	0.14%
LEVI	F	0.14%
SWX	C	0.13%
HOG	F	0.13%
CI	D	0.12%
NBIX	C	0.12%
WSM	F	0.11%
NSC	B	0.11%
VZ	D	0.11%
OVV	F	0.1%
IPG	F	0.1%
TAP	D	0.1%
WBA	C	0.1%
TFX	F	0.1%
MMSI	B	0.09%
WAT	A	0.09%
IAC	F	0.09%
CMC	A	0.09%
SYY	D	0.08%
RKLB	A	0.08%
QCOM	D	0.08%
CVLT	B	0.08%
SM	F	0.08%
SCCO	B	0.07%
CWAN	B	0.07%
NTRA	B	0.07%
STE	D	0.07%
ETSY	D	0.06%
STZ	F	0.06%
MTD	D	0.06%
GDDY	A	0.06%
TPL	A	0.05%
OGN	D	0.05%
VRNS	D	0.05%
MAT	A	0.05%
KWR	D	0.05%
AVY	D	0.05%
WING	F	0.05%
ALGN	F	0.04%
A	D	0.04%
MHK	D	0.04%
BCPC	C	0.03%
RBC	D	0.03%
SITM	B	0.03%
COKE	D	0.03%
POOL	B	0.03%
SSNC	D	0.02%
ACIW	C	0.02%
NEU	D	0.02%
TER	F	0.02%
COLM	C	0.02%
AVT	B	0.02%
ZTS	D	0.02%
BFAM	C	0.02%
FLNC	B	0.01%
MEDP	F	0.01%
U	C	0.01%
PLNT	D	0.01%
MDLZ	D	0.01%
VMI	A	0.01%
BMI	D	0.01%
DNB	B	0.0%
REYN	F	0.0%
VFC	A	0.0%
VRSN	F	0.0%
ESI	A	0.0%
ACLX	B	0.0%
ALGM	F	0.0%

SHRT Underweight 115 Positions Relative to FXR

Symbol	Grade	Weight
SNA	A	-1.38%
SYF	B	-1.36%
AXON	B	-1.36%
WCC	A	-1.3%
FOUR	B	-1.3%
FIX	B	-1.3%
PCAR	C	-1.3%
MDU	F	-1.29%
EME	A	-1.27%
OC	B	-1.27%
PWR	B	-1.27%
OSK	C	-1.27%
TTEK	B	-1.26%
FICO	B	-1.26%
URI	B	-1.25%
CNH	A	-1.24%
TT	C	-1.24%
HWM	B	-1.23%
AXP	A	-1.22%
AAON	A	-1.21%
AL	B	-1.2%
G	C	-1.2%
HEI	D	-1.19%
GPN	D	-1.19%
SON	F	-1.19%
LMT	D	-1.18%
FI	A	-1.07%
GTES	A	-1.0%
MLM	A	-1.0%
GNRC	A	-0.99%
ALSN	A	-0.98%
AGCO	C	-0.97%
BAH	A	-0.97%
CTAS	B	-0.96%
VNT	B	-0.96%
TRU	C	-0.96%
CSL	C	-0.96%
EXP	B	-0.95%
BERY	A	-0.95%
TDG	C	-0.94%
FDX	C	-0.94%
CXT	F	-0.92%
VSTS	F	-0.91%
HII	F	-0.91%
R	A	-0.9%
GE	D	-0.9%
BC	C	-0.9%
BLDR	F	-0.89%
TXT	F	-0.87%
MSM	D	-0.86%
BWXT	B	-0.83%
TDY	B	-0.8%
AYI	A	-0.8%
NVT	D	-0.78%
PKG	A	-0.78%
AWI	A	-0.78%
LII	B	-0.76%
EEFT	F	-0.76%
COF	A	-0.75%
DCI	B	-0.74%
KEX	D	-0.74%
CAT	B	-0.73%
SPR	C	-0.72%
ZBRA	A	-0.72%
DE	B	-0.72%
KNX	A	-0.71%
VLTO	D	-0.7%
SHW	D	-0.7%
SSD	F	-0.7%
WU	F	-0.69%
BLD	F	-0.67%
GXO	B	-0.56%
SQ	B	-0.51%
CMI	B	-0.49%
CNM	D	-0.49%
ATR	A	-0.49%
GWW	A	-0.49%
PYPL	B	-0.49%
ESAB	A	-0.49%
LECO	B	-0.48%
UPS	C	-0.48%
RHI	C	-0.48%
GD	C	-0.47%
AMCR	D	-0.46%
SAIA	A	-0.45%
IEX	A	-0.45%
FTV	F	-0.45%
PPG	F	-0.45%
WMS	F	-0.45%
DOW	F	-0.44%
CARR	D	-0.43%
ATI	F	-0.43%
FCN	F	-0.42%
WAB	B	-0.25%
JKHY	A	-0.25%
ADP	A	-0.25%
CW	B	-0.25%
RPM	B	-0.25%
ALLE	C	-0.24%
HON	B	-0.24%
FLS	A	-0.24%
VMC	A	-0.24%
LHX	A	-0.24%
ITT	C	-0.23%
KEYS	C	-0.23%
AME	A	-0.23%
FBIN	C	-0.23%
MAS	D	-0.23%
PH	A	-0.23%
EMR	B	-0.23%
EXPD	D	-0.22%
GGG	D	-0.22%
WWD	D	-0.22%
LSTR	D	-0.22%
NDSN	D	-0.22%