XSLV vs. HSMV ETF Comparison

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

XSLV

PowerShares S&P SmallCap Low Volatility Portfolio

XSLV Description

The PowerShares S&P SmallCap Low Volatility Portfolio (Fund) is based on the S&P SmallCap 600 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 120 out of 600 small-capitalization range securities from the S&P SmallCap 600 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

$44.30

Average Daily Volume

21,158

Number of Holdings ^*

116

* may have additional holdings in another (foreign) market

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

$34.02

Average Daily Volume

1,252

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	XSLV	HSMV
30 Days	4.56%	3.53%
60 Days	2.18%	2.70%
90 Days	3.12%	6.24%
12 Months	17.51%	14.92%

38 Overlapping Holdings

Symbol	Grade	Weight in XSLV	Weight in HSMV	Overlap
AGO	D	0.85%	0.5%	0.5%
AIN	D	0.77%	0.53%	0.53%
AIR	B	0.88%	0.38%	0.38%
AVA	B	1.03%	0.52%	0.52%
AWR	C	0.96%	0.53%	0.53%
BCPC	C	0.9%	0.54%	0.54%
COOP	A	0.9%	0.51%	0.51%
CPK	B	0.98%	0.65%	0.65%
CTRE	B	1.19%	0.52%	0.52%
CWT	B	0.94%	0.54%	0.54%
EFC	B	0.87%	0.51%	0.51%
ENSG	D	0.96%	0.5%	0.5%
EPC	B	0.83%	0.52%	0.52%
EPRT	A	1.04%	0.52%	0.52%
EVTC	F	0.76%	0.46%	0.46%
FCPT	B	1.07%	0.52%	0.52%
FELE	D	0.92%	0.49%	0.49%
FSS	B	0.84%	0.5%	0.5%
IDCC	B	0.82%	0.59%	0.59%
INVA	B	0.83%	0.51%	0.51%
IOSP	C	0.91%	0.51%	0.51%
JJSF	B	1.13%	0.51%	0.51%
KFY	C	0.91%	0.51%	0.51%
LXP	D	0.83%	0.66%	0.66%
MCRI	D	0.88%	0.5%	0.5%
MOG.A	A	0.84%	0.46%	0.46%
MSGS	B	0.8%	0.49%	0.49%
NMIH	A	0.93%	0.53%	0.53%
NSIT	A	0.88%	0.5%	0.5%
PBH	D	1.06%	0.51%	0.51%
PECO	D	0.89%	0.52%	0.52%
PLXS	B	0.94%	0.58%	0.58%
PRGS	F	0.79%	0.51%	0.51%
RDN	C	1.0%	0.52%	0.52%
ROIC	D	0.68%	0.48%	0.48%
TNC	D	0.79%	0.56%	0.56%
UNF	D	0.8%	0.49%	0.49%
VRRM	A	1.12%	0.5%	0.5%

XSLV Overweight 78 Positions Relative to HSMV

Symbol	Grade	Weight
LTC	A	1.11%
BHE	A	1.07%
STRA	A	1.03%
GTY	B	1.02%
BMI	A	1.0%
NWN	B	1.0%
CSR	B	0.98%
AMSF	D	0.98%
UTL	B	0.98%
EIG	D	0.98%
HMN	A	0.95%
NPK	A	0.95%
APOG	A	0.94%
SXT	A	0.93%
SAFT	B	0.93%
AWI	D	0.92%
BRC	B	0.91%
AZZ	C	0.89%
SJW	D	0.88%
UVV	B	0.88%
ESE	B	0.87%
ALEX	C	0.87%
CHCO	B	0.86%
PSMT	A	0.86%
AMBC	A	0.86%
TR	F	0.85%
CRVL	B	0.85%
CTS	A	0.84%
NHC	B	0.83%
EZPW	D	0.83%
PIPR	A	0.83%
SKT	D	0.83%
FUL	C	0.82%
UHT	C	0.81%
HSTM	B	0.81%
CHCT	F	0.81%
SXI	D	0.81%
PJT	B	0.79%
XHR	D	0.79%
JBSS	D	0.78%
MCS	F	0.78%
FIZZ	D	0.77%
APLE	F	0.77%
CENTA	C	0.76%
RGR	F	0.76%
SMPL	B	0.76%
SITC	D	0.76%
UE	B	0.75%
SHO	D	0.75%
MSEX	C	0.75%
BFS	F	0.74%
APAM	C	0.74%
ROG	C	0.74%
WSR	C	0.74%
AHH	B	0.73%
MRTN	D	0.73%
HUBG	B	0.72%
AKR	B	0.72%
OSIS	D	0.72%
FDP	D	0.71%
DEA	B	0.71%
CNXN	D	0.71%
RUSHA	D	0.71%
NAVI	F	0.71%
SHOO	D	0.71%
SCL	C	0.69%
RGP	F	0.69%
CRC	F	0.68%
DRH	F	0.67%
CSGS	F	0.67%
HTLD	F	0.66%
NWBI	C	0.66%
SMP	C	0.66%
PINC	F	0.64%
YELP	D	0.63%
CLDT	F	0.6%
THS	F	0.6%
VIAV	F	0.59%

XSLV Underweight 158 Positions Relative to HSMV

Symbol	Grade	Weight
CUBE	D	-0.65%
EXP	A	-0.63%
NBIX	B	-0.63%
SWX	A	-0.62%
MTN	F	-0.61%
LANC	D	-0.59%
WU	C	-0.58%
CSL	A	-0.58%
LFUS	B	-0.58%
MAT	D	-0.57%
BJ	B	-0.57%
EME	A	-0.57%
FAF	D	-0.57%
EVR	C	-0.57%
AGCO	F	-0.56%
UTHR	B	-0.55%
CLH	B	-0.54%
CVLT	A	-0.54%
TTEK	B	-0.54%
MIDD	F	-0.54%
ORI	A	-0.53%
WERN	D	-0.53%
WTRG	B	-0.53%
ELS	D	-0.53%
COLM	B	-0.53%
KBR	B	-0.52%
JHG	A	-0.52%
NWE	B	-0.52%
FHI	D	-0.52%
SF	A	-0.52%
ASH	A	-0.52%
INGR	A	-0.52%
FR	D	-0.52%
STAG	D	-0.52%
PRI	D	-0.52%
AMG	D	-0.52%
MMS	C	-0.52%
PCH	D	-0.52%
CACI	A	-0.52%
WTS	C	-0.52%
LOPE	B	-0.52%
VOYA	B	-0.52%
OHI	B	-0.52%
GLPI	D	-0.52%
OGE	A	-0.52%
HRB	B	-0.52%
NYT	B	-0.52%
ALE	B	-0.52%
NFG	A	-0.52%
OGS	C	-0.52%
EPR	C	-0.52%
CW	A	-0.52%
BKH	B	-0.52%
BRX	C	-0.52%
NNN	B	-0.52%
PNM	C	-0.52%
NJR	B	-0.52%
RS	D	-0.51%
NVT	A	-0.51%
HXL	C	-0.51%
CHE	D	-0.51%
CRI	F	-0.51%
SAIC	C	-0.51%
MTG	B	-0.51%
VVV	D	-0.51%
LECO	D	-0.51%
PFGC	D	-0.51%
WEN	B	-0.51%
EXEL	F	-0.51%
ATR	A	-0.51%
WH	F	-0.51%
EHC	A	-0.51%
LSTR	D	-0.51%
KEX	A	-0.51%
AFG	C	-0.51%
MAN	B	-0.51%
GATX	C	-0.51%
DLB	C	-0.51%
SR	B	-0.51%
EGP	D	-0.51%
WPC	C	-0.51%
THG	A	-0.51%
POR	B	-0.51%
SEIC	C	-0.51%
SBRA	A	-0.51%
ADC	B	-0.51%
ALV	A	-0.51%
ACM	C	-0.51%
DCI	B	-0.51%
RPM	D	-0.51%
G	D	-0.51%
JEF	B	-0.51%
FLS	A	-0.51%
FNF	B	-0.51%
RLI	A	-0.51%
IDA	B	-0.51%
AMH	B	-0.51%
CHH	F	-0.51%
FLO	B	-0.51%
ACHC	F	-0.51%
ESNT	C	-0.51%
CNO	B	-0.51%
RGA	A	-0.51%
MDU	A	-0.51%
OSK	D	-0.5%
VNT	D	-0.5%
MSM	F	-0.5%
RYN	F	-0.5%
GNTX	D	-0.5%
SNX	A	-0.5%
GMED	C	-0.5%
CASY	A	-0.5%
POST	B	-0.5%
MSA	C	-0.5%
AM	A	-0.5%
GGG	D	-0.5%
BWXT	D	-0.5%
DTM	A	-0.5%
TXRH	B	-0.5%
USFD	C	-0.5%
CBSH	A	-0.49%
ARW	B	-0.49%
REXR	D	-0.49%
SLGN	B	-0.49%
SCI	D	-0.49%
GPK	C	-0.49%
AVT	A	-0.49%
SON	C	-0.49%
ITT	A	-0.48%
FNB	A	-0.48%
SFM	A	-0.48%
SIGI	F	-0.48%
LII	C	-0.47%
LAMR	B	-0.47%
KNX	D	-0.47%
MUSA	D	-0.47%
CHDN	B	-0.46%
RNR	C	-0.46%
ENOV	F	-0.45%
R	A	-0.45%
JAZZ	D	-0.43%
ENR	C	-0.42%
GO	F	-0.41%
RGLD	B	-0.4%
PB	B	-0.38%
NSA	D	-0.34%
ORA	C	-0.32%
EXPO	B	-0.31%
BLKB	B	-0.31%
IRT	B	-0.31%
FCN	B	-0.31%
ABM	B	-0.31%
ONB	A	-0.31%
CCOI	F	-0.3%
PDCO	D	-0.3%
CRUS	A	-0.29%
PZZA	F	-0.29%
LEG	F	-0.23%