HSMV vs. XMLV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to PowerShares S&P MidCap Low Volatility Portfolio (XMLV)

HSMV

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV Description

The investment seeks to provide investors with capital appreciation. Under normal market conditions, the fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Sub-Advisor believes exhibit low future expected volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$33.96

Average Daily Volume

1,215

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$56.61

Average Daily Volume

34,498

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	XMLV
30 Days	4.38%	3.80%
60 Days	2.24%	2.44%
90 Days	4.87%	4.77%
12 Months	14.22%	14.38%

75 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in XMLV	Overlap
ACM	D	0.47%	1.22%	0.47%
ADC	B	0.51%	1.42%	0.51%
AFG	C	0.51%	1.17%	0.51%
ALE	B	0.53%	1.19%	0.53%
AM	A	0.52%	1.38%	0.52%
ATR	B	0.5%	1.55%	0.5%
AVT	A	0.53%	1.28%	0.53%
BJ	B	0.59%	1.26%	0.59%
BKH	B	0.51%	1.18%	0.51%
BRX	B	0.5%	1.03%	0.5%
BWXT	D	0.45%	1.29%	0.45%
CACI	A	0.52%	1.59%	0.52%
CASY	A	0.51%	1.4%	0.51%
CHE	D	0.49%	1.21%	0.49%
CHH	F	0.49%	1.01%	0.49%
COLM	B	0.53%	1.19%	0.53%
CVLT	A	0.55%	1.33%	0.55%
CW	A	0.54%	1.52%	0.54%
DCI	A	0.51%	1.39%	0.51%
DLB	C	0.51%	1.13%	0.51%
DTM	A	0.52%	1.5%	0.52%
EGP	D	0.52%	1.07%	0.52%
EHC	A	0.51%	1.31%	0.51%
ELS	D	0.52%	1.03%	0.52%
EPR	C	0.5%	1.06%	0.5%
ESNT	C	0.51%	1.18%	0.51%
FHI	D	0.49%	0.99%	0.49%
FLO	B	0.48%	1.29%	0.48%
FNF	B	0.51%	1.08%	0.51%
FR	D	0.51%	1.07%	0.51%
G	D	0.54%	1.02%	0.54%
GATX	C	0.54%	1.21%	0.54%
GLPI	D	0.53%	1.4%	0.53%
GNTX	D	0.49%	1.13%	0.49%
IDA	B	0.51%	1.42%	0.51%
INGR	A	0.51%	1.39%	0.51%
KBR	B	0.49%	1.28%	0.49%
LECO	D	0.5%	1.04%	0.5%
LSTR	C	0.51%	1.14%	0.51%
MDU	A	0.51%	1.64%	0.51%
MSM	D	0.49%	1.2%	0.49%
MTG	B	0.49%	1.31%	0.49%
MUSA	A	0.51%	1.34%	0.51%
NBIX	C	0.62%	1.09%	0.62%
NFG	A	0.53%	1.46%	0.53%
NJR	B	0.51%	1.33%	0.51%
NNN	A	0.51%	1.43%	0.51%
NWE	B	0.52%	1.38%	0.52%
OGE	A	0.53%	1.42%	0.53%
OGS	C	0.49%	1.22%	0.49%
OHI	C	0.49%	1.15%	0.49%
ORI	A	0.53%	1.49%	0.53%
PCH	D	0.52%	1.07%	0.52%
PFGC	D	0.52%	1.08%	0.52%
PNM	C	0.52%	1.86%	0.52%
POR	B	0.51%	1.28%	0.51%
POST	A	0.48%	1.37%	0.48%
PRI	D	0.52%	1.0%	0.52%
RGA	A	0.55%	1.28%	0.55%
RS	D	0.51%	1.04%	0.51%
SAIC	B	0.52%	1.17%	0.52%
SEIC	D	0.5%	1.56%	0.5%
SIGI	F	0.47%	1.13%	0.47%
SNX	A	0.53%	1.46%	0.53%
SON	B	0.53%	1.19%	0.53%
SR	B	0.5%	1.26%	0.5%
STAG	D	0.52%	1.12%	0.52%
THG	A	0.52%	1.15%	0.52%
TXRH	A	0.52%	1.54%	0.52%
USFD	B	0.52%	1.3%	0.52%
WEN	C	0.45%	1.22%	0.45%
WERN	D	0.53%	0.95%	0.53%
WH	F	0.47%	0.91%	0.47%
WPC	B	0.53%	1.1%	0.53%
WTRG	B	0.53%	1.26%	0.53%

HSMV Overweight 121 Positions Relative to XMLV

Symbol	Grade	Weight
CUBE	D	0.66%
CPK	B	0.65%
LXP	D	0.65%
GMED	A	0.63%
LFUS	B	0.62%
IDCC	B	0.61%
MTN	D	0.61%
SWX	A	0.61%
PLXS	B	0.6%
EVR	B	0.6%
EXP	A	0.6%
JJSF	B	0.59%
FAF	D	0.59%
EME	A	0.59%
CSL	A	0.59%
VRRM	A	0.57%
LANC	D	0.57%
AIN	D	0.56%
HRB	A	0.56%
WU	D	0.56%
NSIT	A	0.56%
TTEK	A	0.56%
UTHR	B	0.56%
BCPC	B	0.55%
LOPE	B	0.55%
NYT	B	0.55%
NVT	B	0.55%
AGCO	D	0.54%
CWT	B	0.54%
CLH	B	0.54%
AWR	B	0.54%
MAT	D	0.54%
KFY	C	0.53%
AVA	B	0.53%
NMIH	A	0.53%
MMS	B	0.53%
VOYA	B	0.53%
JEF	A	0.53%
KEX	A	0.53%
WTS	B	0.53%
JHG	A	0.53%
FCPT	B	0.52%
INVA	B	0.52%
EFC	B	0.52%
RPM	D	0.52%
CNO	A	0.52%
ITT	A	0.52%
ASH	A	0.52%
EPC	B	0.52%
FLS	A	0.52%
IOSP	B	0.52%
COOP	A	0.52%
CTRE	C	0.51%
ALV	A	0.51%
ARW	B	0.51%
RLI	A	0.51%
FSS	A	0.51%
SFM	A	0.51%
HXL	C	0.51%
EPRT	A	0.51%
RDN	C	0.5%
UNF	D	0.5%
ACHC	D	0.5%
REXR	D	0.5%
ENSG	D	0.5%
AMH	C	0.5%
MSA	C	0.5%
GGG	D	0.5%
OSK	C	0.5%
SF	A	0.5%
SBRA	B	0.5%
MIDD	F	0.5%
PRGS	F	0.5%
SLGN	B	0.49%
LII	B	0.49%
MSGS	B	0.49%
AMG	D	0.49%
TNC	D	0.49%
MAN	B	0.49%
RYN	F	0.49%
MOG.A	A	0.48%
FELE	C	0.48%
MCRI	D	0.48%
CRI	F	0.48%
FNB	A	0.48%
VVV	D	0.48%
VNT	D	0.48%
PECO	F	0.48%
GPK	C	0.48%
RNR	D	0.47%
EXEL	F	0.47%
KNX	D	0.47%
AGO	D	0.47%
SCI	D	0.47%
CBSH	A	0.47%
ROIC	D	0.46%
LAMR	A	0.46%
PBH	D	0.45%
CHDN	B	0.45%
EVTC	D	0.45%
R	A	0.44%
ENR	C	0.43%
RGLD	B	0.43%
ENOV	F	0.42%
JAZZ	F	0.41%
AIR	B	0.38%
CRUS	A	0.37%
PB	B	0.37%
NSA	C	0.35%
GO	F	0.34%
ORA	B	0.33%
ABM	B	0.32%
IRT	B	0.32%
EXPO	B	0.31%
ONB	A	0.31%
FCN	B	0.31%
BLKB	C	0.3%
PDCO	F	0.29%
CCOI	F	0.27%
PZZA	F	0.23%
LEG	F	0.19%

HSMV Underweight 4 Positions Relative to XMLV

Symbol	Grade	Weight
GHC	A	-1.26%
AIRC	A	-1.25%
HLI	A	-1.17%
NEU	D	-1.07%