HSMV vs. FFSM ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Fidelity Fundamental Small-Mid Cap ETF (FFSM)

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

$38.50

Average Daily Volume

1,335

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

FFSM

Fidelity Fundamental Small-Mid Cap ETF

FFSM Description

FFSM discloses holdings only on a monthly basis with a 30-day lag. The fund actively selects global mid- and small-cap companies with both growth and value factors. The portfolio is selected using fundamental and quantitative analysis, considering factors such as issuer's financial health and industry position, as well as the overall economic condition. The fund has a Tracking Basket Structure in place, which acts as a proxy portfolio that includes some of the funds holdings from recent disclosure, significant portion of the funds holdings, and cash. This is designed to track the funds daily performance, facilitate arbitrage opportunities and help mitigate the risk of front-running. However, investors should note that its non-transparent structure could result in wider spreads. Before February 26, 2024, the fund traded as Fidelity Small-Mid Cap Opportunities ETF under the ticker FSMO.

Grade (RS Rating)

Last Trade

$29.06

Average Daily Volume

28,472

Number of Holdings ^*

171

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	FFSM
30 Days	4.88%	7.11%
60 Days	5.46%	5.92%
90 Days	6.96%	6.92%
12 Months	27.49%	35.08%

21 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in FFSM	Overlap
ACM	A	0.57%	0.66%	0.57%
AFG	A	1.08%	0.49%	0.49%
BJ	A	0.36%	1.22%	0.36%
CACI	D	1.29%	1.06%	1.06%
CHDN	B	0.45%	0.54%	0.45%
CTRE	D	1.54%	0.49%	0.49%
EPRT	B	0.65%	0.56%	0.56%
FAF	A	0.4%	0.77%	0.4%
FSS	B	0.24%	0.6%	0.24%
G	B	0.35%	0.59%	0.35%
GPK	C	0.36%	0.71%	0.36%
ITT	A	0.38%	1.2%	0.38%
KBR	F	0.75%	0.46%	0.46%
MMS	F	0.89%	0.6%	0.6%
MUSA	A	0.47%	1.34%	0.47%
ORI	A	1.76%	0.96%	0.96%
PBH	A	0.76%	0.06%	0.06%
PFGC	B	0.45%	1.16%	0.45%
PRI	A	0.78%	0.56%	0.56%
RGA	A	0.67%	0.76%	0.67%
SF	B	0.72%	0.75%	0.72%

HSMV Overweight 126 Positions Relative to FFSM

Symbol	Grade	Weight
ATR	B	2.09%
DTM	B	2.06%
SEIC	B	1.89%
IDA	A	1.65%
INGR	B	1.65%
OGE	B	1.59%
POST	C	1.56%
RLI	B	1.42%
MSGS	A	1.4%
ADC	B	1.34%
DCI	B	1.33%
FHI	A	1.26%
AMH	D	1.24%
NJR	A	1.24%
AM	A	1.21%
NFG	A	1.18%
FLO	D	1.17%
CHE	D	1.16%
NWE	B	1.13%
OHI	C	1.08%
POR	C	1.07%
GGG	B	1.06%
NNN	D	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	C	0.95%
BKH	A	0.9%
EHC	B	0.9%
FCPT	C	0.86%
DLB	B	0.85%
CBSH	A	0.83%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
IDCC	A	0.77%
AVA	A	0.76%
LSTR	D	0.76%
EFC	C	0.76%
PECO	A	0.74%
LOPE	B	0.74%
ENSG	D	0.73%
AWR	B	0.72%
OGS	A	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
CW	B	0.67%
AGO	B	0.67%
ESNT	D	0.67%
JHG	A	0.66%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
EGP	F	0.63%
SCI	B	0.62%
PRGS	A	0.58%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
MTG	C	0.55%
SBRA	C	0.55%
COLM	B	0.55%
NMIH	D	0.55%
RS	B	0.54%
BCPC	B	0.53%
FLS	B	0.52%
CWT	D	0.51%
FNF	B	0.51%
EPC	D	0.49%
AVT	C	0.49%
FCN	D	0.49%
BRX	A	0.48%
BWXT	B	0.48%
LANC	C	0.46%
JEF	A	0.46%
FR	C	0.45%
ARW	D	0.45%
PB	A	0.45%
CNO	A	0.44%
MSM	C	0.44%
LAMR	D	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
RDN	C	0.4%
FNB	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ASH	D	0.36%
ABM	B	0.36%
COOP	B	0.35%
IOSP	B	0.35%
SAIC	F	0.35%
LXP	D	0.34%
RGLD	C	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	D	0.32%
KEX	C	0.31%
AGCO	D	0.31%
JJSF	B	0.31%
ONB	B	0.31%
R	B	0.3%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	B	0.28%
ORA	B	0.27%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
HRB	D	0.26%
LFUS	F	0.24%
CUBE	D	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	D	0.22%
CRI	D	0.21%
REXR	F	0.2%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 150 Positions Relative to FFSM

Symbol	Grade	Weight
EME	C	-1.81%
UHS	D	-1.5%
FTI	A	-1.47%
TPX	B	-1.46%
ACGL	D	-1.45%
EXP	A	-1.44%
NSIT	F	-1.33%
AR	B	-1.27%
FN	D	-1.22%
CROX	D	-1.17%
USFD	A	-1.16%
VRT	B	-1.14%
SN	D	-1.11%
JLL	D	-1.1%
MOH	F	-1.1%
WHD	B	-1.01%
CR	A	-1.01%
RRX	B	-1.01%
SNX	C	-0.95%
DOX	D	-0.92%
AIZ	A	-0.91%
BOOT	D	-0.9%
TMDX	F	-0.9%
LNG	B	-0.9%
DFS	B	-0.89%
AIT	A	-0.88%
SNV	B	-0.88%
DKS	C	-0.84%
STX	D	-0.84%
AYI	B	-0.81%
TGLS	B	-0.81%
ALSN	B	-0.76%
BC	C	-0.76%
VTR	C	-0.76%
NXST	C	-0.75%
PNFP	B	-0.73%
PCG	A	-0.72%
HLI	B	-0.71%
AEIS	B	-0.66%
ASGN	F	-0.65%
AES	F	-0.65%
LPX	B	-0.65%
KBH	D	-0.64%
FCNCA	A	-0.63%
ON	D	-0.62%
BECN	B	-0.61%
CMC	B	-0.6%
LBRT	D	-0.59%
VNT	B	-0.59%
CBT	C	-0.59%
CADE	B	-0.59%
WBS	A	-0.57%
NOG	A	-0.57%
MEDP	D	-0.57%
MTSI	B	-0.57%
HOLX	D	-0.56%
XPO	B	-0.56%
BCO	D	-0.56%
ESI	A	-0.54%
CIEN	B	-0.53%
ASO	F	-0.53%
WTFC	A	-0.52%
CRL	C	-0.52%
CWK	B	-0.51%
RJF	A	-0.51%
PVH	C	-0.51%
HAYW	B	-0.51%
IESC	B	-0.51%
GMS	B	-0.51%
WIX	B	-0.5%
EBC	B	-0.49%
EAT	A	-0.47%
CNM	D	-0.47%
BOKF	B	-0.46%
BLDR	D	-0.46%
TENB	C	-0.45%
OLN	D	-0.45%
PRCT	B	-0.44%
LITE	B	-0.44%
NOMD	D	-0.42%
AXTA	A	-0.42%
TEX	D	-0.42%
ARGX	A	-0.41%
COMP	B	-0.4%
LW	C	-0.4%
MASI	A	-0.39%
IP	B	-0.37%
CXT	B	-0.36%
CAH	B	-0.36%
GVA	A	-0.35%
RUSHA	C	-0.35%
AZZ	B	-0.34%
GTES	A	-0.33%
WFRD	D	-0.33%
PCVX	D	-0.32%
FLEX	A	-0.31%
AZEK	A	-0.3%
UPBD	B	-0.3%
ARCB	C	-0.3%
MTB	A	-0.3%
SKY	A	-0.3%
LEA	D	-0.3%
GRBK	D	-0.3%
CNXC	F	-0.29%
IBTX	B	-0.29%
FBP	B	-0.29%
LCII	C	-0.29%
DIOD	D	-0.27%
AMN	F	-0.27%
ALGM	D	-0.24%
LAUR	A	-0.24%
DOOO	F	-0.23%
PATK	D	-0.2%
CRNX	C	-0.19%
ACLX	C	-0.19%
RGEN	D	-0.19%
KFRC	D	-0.18%
CYTK	F	-0.18%
MDGL	B	-0.16%
NUVL	D	-0.16%
AAP	C	-0.15%
XPRO	F	-0.14%
MNDY	C	-0.14%
KROS	D	-0.13%
ELVN	D	-0.12%
VCEL	B	-0.12%
VRDN	D	-0.12%
OMI	F	-0.12%
AXSM	B	-0.11%
ANAB	F	-0.11%
CSTM	F	-0.11%
TYRA	F	-0.11%
COGT	D	-0.11%
LBPH	A	-0.1%
ICLR	D	-0.1%
CLDX	F	-0.1%
XENE	D	-0.09%
AUTL	F	-0.08%
TCBK	B	-0.08%
MRUS	F	-0.07%
ARVN	D	-0.04%
ATKR	C	-0.01%
FIBK	A	-0.01%
CC	C	-0.01%
LPLA	A	-0.01%
STLD	B	-0.01%
AME	A	-0.01%
ALXO	F	-0.0%
EWTX	C	-0.0%
ZNTL	F	-0.0%