SHUS vs. FEX ETF Comparison

Comparison of Syntax Stratified U.S. Total Market Hedged ETF (SHUS) to First Trust Large Cap Core AlphaDEX (FEX)

SHUS

Syntax Stratified U.S. Total Market Hedged ETF

SHUS Description

The investment seeks to obtain capital growth that meets or exceeds the performance of the S&P Composite 1500® Index over a full market cycle by investing in ETFs or underlying securities that provide Stratified WeightTM U.S. total equity market exposure to companies in the 1500 while seeking risk-managed growth via a defined risk hedging process. The fund will also invest in index options for risk management purposes and to seek to generate additional returns. Syntax?s Stratified Weight? is designed to correct for business risk concentrations that regularly occur in cap-weighted indices and equal-weighted indices.

Grade (RS Rating)

Last Trade

$44.29

Average Daily Volume

2,444

Number of Holdings ^*

500

* may have additional holdings in another (foreign) market

FEX

First Trust Large Cap Core AlphaDEX

FEX 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 Defined Large Cap Core 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 S&P to objectively identify and select stocks from the S&P 500(R) Index 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

$111.83

Average Daily Volume

18,528

Number of Holdings ^*

373

* may have additional holdings in another (foreign) market

Performance

Period	SHUS	FEX
30 Days	2.26%	6.62%
60 Days	3.81%	8.07%
90 Days	5.24%	10.60%
12 Months	15.89%	33.47%

330 Overlapping Holdings

Symbol	Grade	Weight in SHUS	Weight in FEX	Overlap
AAPL	C	0.49%	0.17%	0.17%
ABT	B	0.06%	0.09%	0.06%
ACGL	D	0.14%	0.29%	0.14%
ACN	C	0.13%	0.08%	0.08%
ADM	D	0.36%	0.37%	0.36%
ADSK	A	0.16%	0.09%	0.09%
AEE	A	0.08%	0.36%	0.08%
AEP	D	0.24%	0.32%	0.24%
AFL	B	0.2%	0.34%	0.2%
AIG	B	0.19%	0.35%	0.19%
AJG	B	0.03%	0.18%	0.03%
AKAM	D	0.26%	0.29%	0.26%
ALL	A	0.19%	0.45%	0.19%
AMGN	D	0.23%	0.07%	0.07%
AMP	A	0.09%	0.31%	0.09%
AMT	D	0.06%	0.14%	0.06%
AMZN	C	0.21%	0.09%	0.09%
ANET	C	0.21%	0.33%	0.21%
AON	A	0.04%	0.09%	0.04%
APD	A	0.05%	0.19%	0.05%
APH	A	0.18%	0.09%	0.09%
APTV	D	0.39%	0.31%	0.31%
ARE	D	0.1%	0.15%	0.1%
ATO	A	0.32%	0.36%	0.32%
AVB	B	0.1%	0.09%	0.09%
AVGO	D	0.22%	0.24%	0.22%
AVY	D	0.06%	0.08%	0.06%
AWK	D	0.32%	0.16%	0.16%
AXON	A	0.09%	0.64%	0.09%
AXP	A	0.05%	0.45%	0.05%
AZO	C	0.15%	0.08%	0.08%
BAC	A	0.12%	0.3%	0.12%
BBY	D	0.17%	0.22%	0.17%
BDX	F	0.05%	0.08%	0.05%
BG	F	0.36%	0.4%	0.36%
BIIB	F	0.24%	0.21%	0.21%
BK	A	0.11%	0.46%	0.11%
BKNG	A	0.13%	0.3%	0.13%
BKR	B	0.35%	0.4%	0.35%
BLDR	D	0.19%	0.31%	0.19%
BLK	C	0.09%	0.09%	0.09%
BR	A	0.11%	0.18%	0.11%
BRK.A	B	0.49%	0.26%	0.26%
BRO	B	0.03%	0.36%	0.03%
BSX	B	0.06%	0.27%	0.06%
C	A	0.13%	0.37%	0.13%
CAG	D	0.21%	0.07%	0.07%
CARR	D	0.08%	0.23%	0.08%
CAT	B	0.14%	0.25%	0.14%
CB	C	0.14%	0.34%	0.14%
CBOE	B	0.04%	0.09%	0.04%
CCI	D	0.06%	0.07%	0.06%
CCL	B	0.09%	0.45%	0.09%
CE	F	0.07%	0.23%	0.07%
CEG	D	0.38%	0.3%	0.3%
CF	B	0.09%	0.43%	0.09%
CFG	B	0.05%	0.38%	0.05%
CHTR	C	0.46%	0.3%	0.3%
CI	F	0.18%	0.16%	0.16%
CINF	A	0.14%	0.47%	0.14%
CL	D	0.4%	0.15%	0.15%
CLX	B	0.41%	0.09%	0.09%
CMCSA	B	0.51%	0.44%	0.44%
CMG	B	0.49%	0.09%	0.09%
CMI	A	0.08%	0.19%	0.08%
CMS	C	0.07%	0.25%	0.07%
CNC	D	0.25%	0.33%	0.25%
CNP	B	0.25%	0.36%	0.25%
COF	B	0.69%	0.41%	0.41%
COP	C	0.07%	0.46%	0.07%
COST	B	0.7%	0.35%	0.35%
CPAY	A	0.04%	0.2%	0.04%
CPB	D	0.2%	0.15%	0.15%
CSCO	B	0.21%	0.27%	0.21%
CSX	B	0.08%	0.26%	0.08%
CTAS	B	0.17%	0.36%	0.17%
CTRA	B	0.17%	0.46%	0.17%
CTSH	B	0.13%	0.42%	0.13%
CTVA	C	0.08%	0.16%	0.08%
CVS	D	0.68%	0.38%	0.38%
CVX	A	0.75%	0.46%	0.46%
D	C	0.24%	0.25%	0.24%
DAL	C	0.27%	0.53%	0.27%
DD	D	0.05%	0.16%	0.05%
DE	A	0.13%	0.25%	0.13%
DECK	A	0.29%	0.19%	0.19%
DELL	C	0.17%	0.19%	0.17%
DG	F	0.17%	0.31%	0.17%
DGX	A	0.16%	0.35%	0.16%
DHI	D	0.23%	0.36%	0.23%
DIS	B	0.2%	0.2%	0.2%
DOC	D	0.11%	0.15%	0.11%
DOV	A	0.17%	0.09%	0.09%
DOW	F	0.07%	0.21%	0.07%
DRI	B	0.5%	0.17%	0.17%
DTE	C	0.24%	0.32%	0.24%
DUK	C	0.07%	0.33%	0.07%
DVN	F	0.16%	0.42%	0.16%
EBAY	D	0.22%	0.32%	0.22%
ECL	D	0.05%	0.16%	0.05%
ED	D	0.24%	0.31%	0.24%
EFX	F	0.04%	0.21%	0.04%
EG	C	0.14%	0.4%	0.14%
EIX	B	0.24%	0.25%	0.24%
ELV	F	0.24%	0.2%	0.2%
EMR	A	0.03%	0.1%	0.03%
EOG	A	0.07%	0.47%	0.07%
EQIX	A	0.26%	0.09%	0.09%
EQR	B	0.1%	0.25%	0.1%
EQT	B	0.18%	0.41%	0.18%
ERIE	D	0.2%	0.32%	0.2%
ESS	B	0.1%	0.09%	0.09%
ETN	A	0.26%	0.18%	0.18%
ETR	B	0.25%	0.38%	0.25%
EXC	C	0.29%	0.33%	0.29%
EXPD	D	0.09%	0.08%	0.08%
EXPE	B	0.12%	0.52%	0.12%
EXR	D	0.11%	0.15%	0.11%
F	C	0.24%	0.45%	0.24%
FANG	D	0.07%	0.45%	0.07%
FCX	D	0.29%	0.07%	0.07%
FDX	B	0.07%	0.37%	0.07%
FE	C	0.24%	0.16%	0.16%
FI	A	0.06%	0.4%	0.06%
FICO	B	0.03%	0.5%	0.03%
FITB	A	0.05%	0.28%	0.05%
FOXA	B	0.1%	0.45%	0.1%
FSLR	F	0.2%	0.27%	0.2%
FTNT	C	0.17%	0.3%	0.17%
FTV	C	0.03%	0.16%	0.03%
GD	F	0.16%	0.16%	0.16%
GDDY	A	0.26%	0.4%	0.26%
GE	D	0.17%	0.32%	0.17%
GEHC	F	0.1%	0.07%	0.07%
GEN	B	0.17%	0.36%	0.17%
GIS	D	0.21%	0.22%	0.21%
GM	B	0.24%	0.53%	0.24%
GOOGL	C	0.22%	0.09%	0.09%
GPC	D	0.15%	0.23%	0.15%
GRMN	B	0.32%	0.3%	0.3%
GS	A	0.25%	0.5%	0.25%
GWW	B	0.13%	0.29%	0.13%
HAL	C	0.33%	0.44%	0.33%
HBAN	A	0.05%	0.41%	0.05%
HCA	F	0.33%	0.35%	0.33%
HD	A	0.25%	0.09%	0.09%
HIG	B	0.14%	0.34%	0.14%
HLT	A	0.12%	0.27%	0.12%
HOLX	D	0.1%	0.16%	0.1%
HPE	B	0.19%	0.44%	0.19%
HPQ	B	0.34%	0.09%	0.09%
HRL	D	0.36%	0.24%	0.24%
HSY	F	0.17%	0.15%	0.15%
HUBB	B	0.26%	0.18%	0.18%
HUM	C	0.26%	0.22%	0.22%
HWM	A	0.07%	0.48%	0.07%
IBM	C	0.33%	0.32%	0.32%
ICE	C	0.04%	0.25%	0.04%
IEX	B	0.2%	0.18%	0.18%
INTC	D	0.16%	0.36%	0.16%
IP	B	0.06%	0.4%	0.06%
IQV	D	0.13%	0.07%	0.07%
IR	B	0.2%	0.18%	0.18%
IRM	D	0.06%	0.41%	0.06%
ISRG	A	0.12%	0.27%	0.12%
IT	C	0.13%	0.17%	0.13%
J	F	0.39%	0.18%	0.18%
JBHT	C	0.08%	0.27%	0.08%
JCI	C	0.08%	0.09%	0.08%
JNJ	D	0.23%	0.24%	0.23%
JPM	A	0.12%	0.3%	0.12%
KDP	D	0.24%	0.21%	0.21%
KEY	B	0.06%	0.19%	0.06%
KEYS	A	0.2%	0.16%	0.16%
KHC	F	0.21%	0.22%	0.21%
KIM	A	0.06%	0.18%	0.06%
KKR	A	0.09%	0.49%	0.09%
KLAC	D	0.17%	0.07%	0.07%
KMB	D	0.41%	0.08%	0.08%
KMI	A	0.25%	0.43%	0.25%
KO	D	0.24%	0.15%	0.15%
KR	B	0.73%	0.34%	0.34%
L	A	0.49%	0.36%	0.36%
LEN	D	0.24%	0.38%	0.24%
LH	C	0.16%	0.18%	0.16%
LHX	C	0.08%	0.17%	0.08%
LLY	F	0.23%	0.14%	0.14%
LMT	D	0.08%	0.08%	0.08%
LNT	A	0.08%	0.26%	0.08%
LOW	D	0.25%	0.08%	0.08%
LUV	C	0.25%	0.28%	0.25%
LVS	C	0.08%	0.17%	0.08%
LYB	F	0.07%	0.37%	0.07%
LYV	A	0.09%	0.41%	0.09%
MA	C	0.05%	0.09%	0.05%
MAA	B	0.1%	0.17%	0.1%
MAR	B	0.12%	0.1%	0.1%
MAS	D	0.19%	0.08%	0.08%
MCD	D	0.49%	0.08%	0.08%
MCO	B	0.04%	0.25%	0.04%
MDLZ	F	0.18%	0.15%	0.15%
MDT	D	0.06%	0.16%	0.06%
MET	A	0.21%	0.09%	0.09%
META	D	0.46%	0.33%	0.33%
MKC	D	0.21%	0.08%	0.08%
MMC	B	0.03%	0.08%	0.03%
MO	A	0.35%	0.09%	0.09%
MOH	F	0.25%	0.14%	0.14%
MPC	D	0.48%	0.42%	0.42%
MPWR	F	0.21%	0.11%	0.11%
MS	A	0.26%	0.33%	0.26%
MSCI	C	0.04%	0.09%	0.04%
MSI	B	0.49%	0.37%	0.37%
MTB	A	0.06%	0.41%	0.06%
MU	D	0.15%	0.08%	0.08%
NDAQ	A	0.04%	0.19%	0.04%
NDSN	B	0.03%	0.08%	0.03%
NEE	D	0.24%	0.31%	0.24%
NFLX	A	0.22%	0.3%	0.22%
NI	A	0.32%	0.36%	0.32%
NKE	D	0.33%	0.14%	0.14%
NOC	D	0.08%	0.08%	0.08%
NOW	A	0.22%	0.29%	0.22%
NRG	B	0.32%	0.43%	0.32%
NSC	B	0.08%	0.09%	0.08%
NTAP	C	0.17%	0.16%	0.16%
NTRS	A	0.08%	0.31%	0.08%
NUE	C	0.25%	0.41%	0.25%
NVDA	C	0.13%	0.29%	0.13%
NVR	D	0.3%	0.23%	0.23%
NWSA	B	0.1%	0.18%	0.1%
O	D	0.06%	0.15%	0.06%
ODFL	B	0.08%	0.09%	0.08%
OKE	A	0.24%	0.31%	0.24%
OMC	C	0.33%	0.16%	0.16%
ON	D	0.22%	0.39%	0.22%
ORCL	B	0.34%	0.37%	0.34%
ORLY	B	0.14%	0.09%	0.09%
OTIS	C	0.08%	0.08%	0.08%
OXY	D	0.07%	0.42%	0.07%
PANW	C	0.16%	0.1%	0.1%
PAYX	C	0.21%	0.09%	0.09%
PCAR	B	0.12%	0.48%	0.12%
PCG	A	0.07%	0.27%	0.07%
PEG	A	0.25%	0.25%	0.25%
PEP	F	0.17%	0.08%	0.08%
PFG	D	0.2%	0.17%	0.17%
PGR	A	0.19%	0.43%	0.19%
PH	A	0.08%	0.37%	0.08%
PHM	D	0.25%	0.38%	0.25%
PKG	A	0.06%	0.28%	0.06%
PLTR	B	0.22%	0.7%	0.22%
PM	B	0.35%	0.37%	0.35%
PNC	B	0.06%	0.19%	0.06%
POOL	C	0.13%	0.08%	0.08%
PPG	F	0.07%	0.24%	0.07%
PPL	B	0.08%	0.26%	0.08%
PRU	A	0.2%	0.18%	0.18%
PSA	D	0.1%	0.24%	0.1%
PSX	C	0.5%	0.42%	0.42%
PWR	A	0.4%	0.47%	0.4%
PYPL	B	0.06%	0.18%	0.06%
RCL	A	0.08%	0.55%	0.08%
RF	A	0.06%	0.29%	0.06%
RJF	A	0.25%	0.23%	0.23%
RMD	C	0.09%	0.33%	0.09%
ROL	B	0.18%	0.08%	0.08%
ROST	C	0.71%	0.16%	0.16%
RSG	A	0.18%	0.09%	0.09%
RVTY	F	0.1%	0.07%	0.07%
SBAC	D	0.06%	0.08%	0.06%
SBUX	A	0.48%	0.09%	0.09%
SHW	A	0.06%	0.25%	0.06%
SLB	C	0.34%	0.44%	0.34%
SNA	A	0.25%	0.52%	0.25%
SO	D	0.08%	0.17%	0.08%
SPG	B	0.06%	0.18%	0.06%
SPGI	C	0.04%	0.25%	0.04%
SRE	A	0.07%	0.38%	0.07%
STLD	B	0.27%	0.47%	0.27%
STT	A	0.11%	0.28%	0.11%
STX	D	0.17%	0.22%	0.17%
SWKS	F	0.21%	0.36%	0.21%
SYF	B	0.68%	0.54%	0.54%
SYK	C	0.12%	0.09%	0.09%
SYY	B	0.73%	0.16%	0.16%
T	A	0.33%	0.44%	0.33%
TDG	D	0.06%	0.22%	0.06%
TDY	B	0.03%	0.27%	0.03%
TGT	F	0.17%	0.34%	0.17%
TJX	A	0.71%	0.26%	0.26%
TMO	F	0.14%	0.07%	0.07%
TMUS	B	0.33%	0.39%	0.33%
TRGP	B	0.24%	0.46%	0.24%
TROW	B	0.08%	0.46%	0.08%
TRV	B	0.14%	0.28%	0.14%
TSCO	D	0.12%	0.16%	0.12%
TSLA	B	0.27%	0.22%	0.22%
TSN	B	0.35%	0.18%	0.18%
TT	A	0.08%	0.45%	0.08%
TXT	D	0.16%	0.32%	0.16%
TYL	B	0.21%	0.26%	0.21%
UAL	A	0.28%	0.67%	0.28%
UBER	D	0.11%	0.16%	0.11%
ULTA	F	0.17%	0.31%	0.17%
UPS	C	0.08%	0.17%	0.08%
URI	B	0.14%	0.44%	0.14%
USB	A	0.05%	0.28%	0.05%
VICI	C	0.06%	0.08%	0.06%
VLO	C	0.49%	0.45%	0.45%
VLTO	D	0.03%	0.23%	0.03%
VRTX	F	0.23%	0.08%	0.08%
VST	B	0.4%	0.52%	0.4%
VTR	C	0.11%	0.34%	0.11%
VTRS	A	0.24%	0.38%	0.24%
VZ	C	0.32%	0.32%	0.32%
WAB	B	0.13%	0.46%	0.13%
WAT	B	0.15%	0.08%	0.08%
WEC	A	0.07%	0.26%	0.07%
WELL	A	0.11%	0.27%	0.11%
WFC	A	0.13%	0.44%	0.13%
WMB	A	0.24%	0.11%	0.11%
WRB	A	0.13%	0.18%	0.13%
WST	C	0.05%	0.09%	0.05%
WY	D	0.17%	0.16%	0.16%
XEL	A	0.07%	0.36%	0.07%
XOM	B	0.75%	0.43%	0.43%
XYL	D	0.19%	0.15%	0.15%
ZBH	C	0.12%	0.35%	0.12%
ZTS	D	0.25%	0.08%	0.08%

SHUS Overweight 170 Positions Relative to FEX

Symbol	Grade	Weight
WMT	A	0.72%
DFS	B	0.68%
WBA	F	0.63%
DPZ	C	0.52%
YUM	B	0.5%
EL	F	0.49%
EA	A	0.48%
TTWO	A	0.48%
MTCH	D	0.46%
KVUE	A	0.41%
PG	A	0.41%
BWA	D	0.41%
CHD	B	0.41%
JBL	B	0.37%
CRM	B	0.35%
SNPS	B	0.34%
IPG	D	0.33%
CDNS	B	0.33%
MSFT	F	0.32%
RL	B	0.32%
UHS	D	0.32%
TPR	B	0.32%
AES	F	0.31%
LULU	C	0.3%
VRSN	F	0.27%
SWK	D	0.26%
DLR	B	0.26%
STZ	D	0.25%
MNST	C	0.25%
TAP	C	0.25%
BMY	B	0.25%
INCY	C	0.25%
SCHW	B	0.25%
UNH	C	0.25%
ENPH	F	0.25%
HAS	D	0.25%
MRK	F	0.24%
PFE	D	0.24%
ABBV	D	0.24%
NEM	D	0.24%
GILD	C	0.24%
CTLT	B	0.24%
REGN	F	0.23%
NXPI	D	0.23%
MRNA	F	0.23%
LW	C	0.22%
DAY	B	0.22%
QCOM	F	0.22%
ADI	D	0.22%
CPRT	A	0.22%
TXN	C	0.22%
GOOG	C	0.22%
AOS	F	0.21%
QRVO	F	0.21%
SJM	D	0.21%
ADP	B	0.21%
PAYC	B	0.21%
PARA	C	0.2%
FFIV	B	0.2%
AIZ	A	0.2%
INTU	C	0.2%
HSIC	B	0.2%
CAH	B	0.19%
TEL	B	0.19%
WBD	C	0.19%
GLW	B	0.19%
BBWI	D	0.19%
PNR	A	0.19%
GL	B	0.19%
JNPR	F	0.19%
CRWD	B	0.18%
GEV	B	0.18%
WM	A	0.18%
COR	B	0.18%
K	A	0.18%
MCK	B	0.18%
MHK	D	0.18%
MMM	D	0.17%
ANSS	B	0.17%
MLM	B	0.17%
ITW	B	0.17%
DLTR	F	0.17%
PTC	A	0.17%
VMC	B	0.17%
WDC	D	0.17%
AMAT	F	0.17%
BA	F	0.16%
HON	B	0.16%
TER	D	0.16%
TECH	D	0.15%
A	D	0.15%
SMCI	F	0.15%
ADBE	C	0.15%
MTD	D	0.14%
CRL	C	0.14%
AMD	F	0.14%
KMX	B	0.14%
LKQ	D	0.14%
EPAM	C	0.13%
ZBRA	B	0.13%
MCHP	D	0.13%
LDOS	C	0.13%
ABNB	C	0.12%
STE	F	0.12%
CDW	F	0.12%
BALL	D	0.12%
FAST	B	0.12%
AMCR	D	0.12%
AME	A	0.12%
DVA	B	0.11%
BXP	D	0.11%
HST	C	0.11%
PODD	C	0.1%
DHR	F	0.1%
NWS	B	0.1%
INVH	D	0.1%
FOX	A	0.1%
UDR	B	0.1%
ALGN	D	0.1%
CPT	B	0.1%
CHRW	C	0.09%
NCLH	B	0.09%
IVZ	B	0.09%
DXCM	D	0.09%
IDXX	F	0.09%
EVRG	A	0.08%
GNRC	B	0.08%
UNP	C	0.08%
WYNN	D	0.08%
HII	D	0.08%
BX	A	0.08%
RTX	C	0.08%
MOS	F	0.08%
FMC	D	0.08%
BEN	C	0.08%
SW	A	0.07%
CZR	F	0.07%
MGM	D	0.07%
MRO	B	0.07%
APA	D	0.07%
HES	B	0.07%
PNW	B	0.07%
ALLE	D	0.07%
ES	D	0.07%
EW	C	0.06%
REG	B	0.06%
FRT	B	0.06%
PLD	D	0.06%
SOLV	C	0.05%
IFF	D	0.05%
BAX	D	0.05%
TFX	F	0.05%
EMN	D	0.05%
ALB	C	0.05%
FIS	C	0.05%
JKHY	D	0.05%
TFC	A	0.05%
WTW	B	0.04%
CBRE	B	0.04%
CSGP	D	0.04%
GPN	B	0.04%
VRSK	A	0.04%
FDS	B	0.04%
V	A	0.04%
MKTX	D	0.04%
CME	A	0.04%
LIN	D	0.04%
ROK	B	0.03%
TRMB	B	0.03%
ROP	B	0.03%

SHUS Underweight 43 Positions Relative to FEX

Symbol	Grade	Weight
APP	B	-0.97%
VRT	B	-0.52%
EME	C	-0.49%
CVNA	B	-0.48%
OC	A	-0.47%
RS	B	-0.45%
HEI	B	-0.44%
BURL	A	-0.44%
TOL	B	-0.42%
CPNG	D	-0.42%
UTHR	C	-0.42%
DASH	A	-0.41%
TPL	A	-0.4%
FCNCA	A	-0.4%
LNG	B	-0.4%
RBLX	C	-0.39%
THC	D	-0.39%
HOOD	B	-0.38%
CRBG	B	-0.36%
LII	A	-0.35%
ALLY	C	-0.34%
ALNY	D	-0.29%
ZM	B	-0.29%
BAH	F	-0.29%
TTD	B	-0.27%
CASY	A	-0.27%
MANH	D	-0.25%
SSNC	B	-0.25%
APO	B	-0.22%
MSTR	C	-0.19%
RGA	A	-0.18%
WSO	A	-0.18%
CSL	C	-0.17%
FNF	B	-0.17%
COIN	C	-0.15%
WLK	D	-0.14%
RPM	A	-0.1%
ARES	A	-0.09%
MKL	A	-0.09%
RIVN	F	-0.08%
GLPI	C	-0.08%
BLD	D	-0.07%
WSM	B	-0.07%