VAW vs. FNK ETF Comparison

Comparison of Vanguard Materials ETF - DNQ (VAW) to First Trust Mid Cap Value AlphaDEX Fund (FNK)

VAW

Vanguard Materials ETF - DNQ

VAW Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Materials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the materials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$202.08

Average Daily Volume

46,846

Number of Holdings ^*

113

* may have additional holdings in another (foreign) market

FNK

First Trust Mid Cap Value AlphaDEX Fund

FNK Description

The investment seeks results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Value 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 MidCap 400(R) Value 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

$52.90

Average Daily Volume

19,810

Number of Holdings ^*

222

* may have additional holdings in another (foreign) market

Performance

Period	VAW	FNK
30 Days	-1.17%	-0.11%
60 Days	2.95%	3.39%
90 Days	10.35%	7.18%
12 Months	19.03%	29.51%

18 Overlapping Holdings

Symbol	Grade	Weight in VAW	Weight in FNK	Overlap
ASH	A	0.35%	0.31%	0.31%
AVNT	B	0.29%	0.16%	0.16%
BERY	D	0.52%	0.6%	0.52%
CCK	C	0.71%	0.17%	0.17%
CLF	F	0.85%	0.35%	0.35%
CMC	C	0.51%	0.73%	0.51%
EMN	A	0.88%	0.45%	0.45%
FMC	B	0.59%	0.71%	0.59%
FUL	C	0.32%	0.15%	0.15%
HUN	C	0.32%	0.29%	0.29%
IP	C	0.95%	0.28%	0.28%
LPX	A	0.4%	0.14%	0.14%
MOS	F	0.79%	0.73%	0.73%
OLN	D	0.53%	0.42%	0.42%
SEE	C	0.4%	0.14%	0.14%
SLGN	B	0.31%	0.29%	0.29%
SON	C	0.42%	0.62%	0.42%
SUM	D	0.39%	0.14%	0.14%

VAW Overweight 95 Positions Relative to FNK

Symbol	Grade	Weight
LIN	D	16.68%
SHW	D	6.26%
FCX	B	4.99%
ECL	A	4.39%
APD	C	3.99%
NUE	F	3.6%
NEM	B	3.06%
DOW	C	3.01%
CTVA	B	3.01%
MLM	C	2.81%
VMC	C	2.69%
PPG	D	2.53%
DD	A	2.44%
LYB	C	1.97%
STLD	D	1.69%
IFF	A	1.63%
BALL	B	1.57%
RS	D	1.42%
AVY	A	1.33%
CE	C	1.32%
PKG	D	1.26%
CF	F	1.18%
RPM	D	1.14%
AMCR	A	1.02%
ALB	C	1.0%
WRK	A	0.94%
ATR	A	0.7%
EXP	A	0.7%
GPK	C	0.66%
RGLD	B	0.59%
AXTA	A	0.56%
ATI	B	0.48%
X	D	0.47%
AA	B	0.45%
WLK	B	0.44%
ESI	D	0.42%
CBT	B	0.38%
BCPC	C	0.37%
NEU	D	0.34%
KNF	C	0.32%
CC	C	0.29%
AMR	D	0.28%
CRS	B	0.26%
IOSP	C	0.24%
HCC	B	0.23%
SMG	D	0.23%
ARCH	D	0.21%
HL	B	0.21%
MTRN	F	0.2%
OI	F	0.19%
KWR	D	0.19%
MTX	A	0.18%
SXT	A	0.18%
SLVM	A	0.17%
SCL	C	0.15%
MP	D	0.15%
TROX	B	0.15%
GEF	D	0.13%
NGVT	B	0.12%
KALU	B	0.11%
CDE	B	0.11%
HWKN	B	0.11%
OEC	B	0.1%
ECVT	D	0.09%
WS	F	0.09%
DNA	F	0.09%
RYI	F	0.08%
PRM	B	0.08%
ASPN	A	0.08%
TRS	B	0.08%
KOP	F	0.08%
SXC	D	0.07%
MATV	B	0.07%
HAYN	D	0.06%
ASIX	F	0.06%
CENX	B	0.06%
PTVE	C	0.05%
PCT	F	0.05%
USLM	A	0.05%
IE	B	0.05%
MYE	F	0.05%
CLW	A	0.05%
CMP	F	0.04%
RDUS	F	0.04%
PACK	B	0.03%
AVD	B	0.03%
MERC	A	0.03%
LXU	C	0.03%
IPI	C	0.02%
PLL	D	0.02%
KRO	A	0.02%
TSE	F	0.01%
DNMR	F	0.01%
FEAM	D	0.0%
ORGN	C	0.0%

VAW Underweight 204 Positions Relative to FNK

Symbol	Grade	Weight
AIRC	A	-0.93%
SEB	C	-0.8%
LBRT	B	-0.8%
WTM	A	-0.8%
NOG	B	-0.79%
RRC	B	-0.79%
GPI	B	-0.79%
NFG	A	-0.78%
CHK	B	-0.77%
CHRD	B	-0.77%
OVV	C	-0.77%
AL	B	-0.77%
SIG	D	-0.76%
ARW	B	-0.76%
MUR	C	-0.76%
AVT	A	-0.76%
MTH	A	-0.75%
MATX	B	-0.74%
NOV	D	-0.74%
ESGR	B	-0.74%
SM	B	-0.74%
KBH	B	-0.73%
RNR	C	-0.73%
HP	F	-0.72%
AGCO	F	-0.72%
MTDR	D	-0.72%
MTG	B	-0.72%
IAC	B	-0.71%
ESNT	C	-0.71%
RDN	C	-0.71%
TMHC	C	-0.71%
PBF	D	-0.71%
AGO	D	-0.7%
BTU	F	-0.7%
APA	F	-0.7%
UTHR	B	-0.7%
DINO	D	-0.7%
ABG	C	-0.7%
PTEN	F	-0.69%
LAD	D	-0.67%
VAL	C	-0.67%
MHO	D	-0.67%
WIRE	B	-0.67%
MLI	B	-0.66%
CNXC	D	-0.66%
JXN	A	-0.66%
POR	B	-0.66%
OGS	C	-0.64%
COLB	C	-0.64%
ALE	B	-0.64%
BKH	B	-0.64%
R	A	-0.64%
OGE	A	-0.64%
COOP	A	-0.63%
OZK	B	-0.63%
SANM	B	-0.62%
AN	B	-0.62%
MDU	A	-0.62%
EVRG	B	-0.62%
ONB	A	-0.61%
UNM	B	-0.61%
ADTN	D	-0.61%
TPH	A	-0.61%
CADE	B	-0.61%
BWA	B	-0.6%
AMG	D	-0.6%
MGY	B	-0.6%
ALLY	B	-0.6%
FYBR	B	-0.6%
G	D	-0.59%
VLY	F	-0.58%
DAR	D	-0.57%
KRC	F	-0.57%
URBN	D	-0.56%
LBRDK	F	-0.56%
TEX	D	-0.55%
LEA	F	-0.54%
ASO	F	-0.53%
AR	B	-0.53%
TAP	F	-0.53%
CVI	F	-0.52%
HOG	D	-0.5%
BYD	F	-0.5%
RUSHA	D	-0.5%
HWC	B	-0.48%
DTM	A	-0.48%
NI	A	-0.48%
SNX	A	-0.48%
ABCB	B	-0.47%
OMF	B	-0.47%
OGN	B	-0.47%
PNW	B	-0.47%
FNB	A	-0.46%
ZION	B	-0.46%
ENS	B	-0.46%
FHN	A	-0.46%
BOKF	A	-0.46%
ALK	C	-0.46%
CUZ	B	-0.45%
GMS	C	-0.45%
IPGP	D	-0.44%
CMA	B	-0.44%
UHS	D	-0.44%
WU	C	-0.44%
NXST	C	-0.44%
PAG	F	-0.44%
WTFC	B	-0.44%
AMKR	C	-0.44%
WCC	B	-0.43%
OSK	D	-0.43%
M	D	-0.43%
WAL	B	-0.43%
JAZZ	D	-0.43%
UFPI	C	-0.43%
ATKR	D	-0.43%
DXC	F	-0.42%
DDS	C	-0.42%
BCC	D	-0.41%
WBS	D	-0.41%
KNX	D	-0.4%
CZR	F	-0.39%
TPR	D	-0.39%
PII	F	-0.39%
CAR	D	-0.37%
PVH	D	-0.37%
KEX	A	-0.36%
SKX	B	-0.34%
IDA	B	-0.33%
TKR	B	-0.32%
COLM	B	-0.32%
WTRG	B	-0.32%
PRGO	C	-0.32%
NJR	B	-0.32%
SLM	B	-0.31%
HOMB	B	-0.31%
SWX	A	-0.31%
ORI	A	-0.31%
BPOP	A	-0.31%
BECN	C	-0.31%
SAIC	C	-0.31%
LNT	B	-0.31%
HII	D	-0.3%
PB	B	-0.3%
AXS	A	-0.3%
EWBC	A	-0.3%
LFUS	B	-0.3%
CACC	D	-0.3%
SNV	C	-0.29%
SSB	D	-0.29%
PNFP	C	-0.29%
ASGN	D	-0.29%
UMBF	C	-0.29%
DNB	D	-0.29%
SEIC	C	-0.29%
SEM	A	-0.29%
UBSI	D	-0.29%
BBWI	C	-0.28%
HGV	D	-0.28%
BXMT	D	-0.28%
RYN	F	-0.28%
CROX	C	-0.27%
GT	D	-0.27%
BC	D	-0.26%
THO	D	-0.26%
WHR	F	-0.25%
NYCB	D	-0.17%
CACI	A	-0.17%
THC	A	-0.17%
RGA	A	-0.16%
BJ	B	-0.16%
REYN	C	-0.16%
EHC	A	-0.16%
SF	A	-0.16%
LANC	D	-0.15%
JLL	C	-0.15%
AIZ	D	-0.15%
AGNC	C	-0.15%
TFX	F	-0.15%
SIGI	F	-0.15%
USFD	C	-0.15%
GMED	C	-0.15%
CIEN	D	-0.15%
AFG	C	-0.15%
PFSI	B	-0.15%
MMS	C	-0.15%
JEF	B	-0.15%
IVZ	D	-0.14%
FAF	D	-0.14%
RHI	D	-0.14%
DKS	C	-0.14%
SKY	D	-0.14%
VNO	F	-0.14%
LSTR	D	-0.14%
PENN	F	-0.14%
BXP	F	-0.14%
CRUS	A	-0.14%
HSIC	D	-0.14%
AYI	C	-0.14%
GXO	C	-0.14%
AEO	B	-0.14%
MIDD	F	-0.13%
NEOG	F	-0.12%
GL	F	-0.11%
GPS	D	-0.11%