HSMV vs. IAK ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to iShares U.S. Insurance ETF (IAK)

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

$38.09

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

IAK

iShares U.S. Insurance ETF

IAK Description

The investment seeks to track the investment results of an index composed of U.S. equities in the insurance sector. The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. It seeks to track the investment results of the Dow Jones U.S. Select Insurance Index (the "underlying index"), which measures the performance of the insurance sector of the U.S. equity market. The underlying index may include large-, mid- or small-capitalization companies, and components primarily include financial and insurance companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$135.77

Average Daily Volume

63,391

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	IAK
30 Days	3.72%	2.97%
60 Days	5.02%	4.45%
90 Days	5.82%	8.45%
12 Months	26.13%	38.87%

8 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in IAK	Overlap
AFG	A	1.08%	1.21%	1.08%
AGO	B	0.67%	0.54%	0.54%
CNO	B	0.44%	0.49%	0.44%
FAF	A	0.4%	0.79%	0.4%
FNF	B	0.51%	1.82%	0.51%
ORI	A	1.76%	1.05%	1.05%
PRI	B	0.78%	1.19%	0.78%
RLI	A	1.42%	0.87%	0.87%

HSMV Overweight 139 Positions Relative to IAK

Symbol	Grade	Weight
ATR	B	2.09%
DTM	A	2.06%
SEIC	B	1.89%
IDA	A	1.65%
INGR	C	1.65%
OGE	A	1.59%
POST	C	1.56%
CTRE	C	1.54%
MSGS	A	1.4%
ADC	A	1.34%
DCI	B	1.33%
CACI	D	1.29%
FHI	B	1.26%
AMH	C	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	C	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	D	0.95%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
CBSH	B	0.83%
ELS	C	0.81%
MSA	F	0.8%
EPR	C	0.79%
IDCC	B	0.77%
AVA	A	0.76%
LSTR	D	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
LOPE	C	0.74%
ENSG	C	0.73%
AWR	B	0.72%
OGS	A	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
CW	C	0.67%
RGA	A	0.67%
ESNT	F	0.67%
JHG	B	0.66%
EPRT	B	0.65%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
EGP	D	0.63%
SCI	B	0.62%
PRGS	A	0.58%
ACM	B	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
MTG	C	0.55%
SBRA	C	0.55%
COLM	C	0.55%
NMIH	C	0.55%
RS	B	0.54%
BCPC	B	0.53%
FLS	B	0.52%
CWT	C	0.51%
EPC	F	0.49%
AVT	C	0.49%
FCN	F	0.49%
BRX	A	0.48%
BWXT	B	0.48%
MUSA	B	0.47%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
FR	D	0.45%
CHDN	B	0.45%
ARW	D	0.45%
PB	B	0.45%
MSM	C	0.44%
LAMR	C	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
RDN	D	0.4%
FNB	A	0.38%
ITT	A	0.38%
CLH	C	0.38%
EXEL	B	0.38%
ASH	F	0.36%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	C	0.35%
SAIC	F	0.35%
LXP	D	0.34%
RGLD	C	0.34%
EVR	B	0.34%
LECO	C	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	F	0.32%
KEX	B	0.31%
AGCO	D	0.31%
JJSF	C	0.31%
ONB	C	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	C	0.28%
ORA	B	0.27%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
HRB	D	0.26%
FSS	B	0.24%
LFUS	D	0.24%
CUBE	C	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	F	0.22%
CRI	F	0.21%
REXR	F	0.2%
PCH	F	0.19%
NSA	C	0.13%

HSMV Underweight 44 Positions Relative to IAK

Symbol	Grade	Weight
PGR	A	-16.35%
CB	C	-11.69%
TRV	B	-6.34%
AFL	B	-6.0%
MET	A	-4.7%
PRU	A	-4.66%
ALL	A	-4.52%
AIG	B	-4.47%
HIG	B	-4.02%
ACGL	C	-3.88%
CINF	A	-2.76%
MKL	A	-2.61%
PFG	D	-2.17%
WRB	A	-2.12%
L	A	-1.78%
UNM	A	-1.42%
AIZ	A	-1.32%
KNSL	B	-1.24%
ERIE	D	-1.2%
GL	C	-1.16%
AXS	A	-0.78%
SIGI	C	-0.72%
THG	A	-0.7%
LNC	C	-0.6%
WTM	A	-0.58%
KMPR	A	-0.51%
BHF	C	-0.37%
OSCR	D	-0.36%
GNW	A	-0.35%
PLMR	A	-0.33%
STC	B	-0.24%
MCY	A	-0.24%
TRUP	B	-0.21%
LMND	B	-0.21%
HMN	B	-0.2%
SKWD	A	-0.2%
EIG	B	-0.16%
SAFT	B	-0.16%
CNA	C	-0.14%
AMSF	B	-0.14%
PRA	C	-0.1%
AMBC	C	-0.08%
UFCS	A	-0.06%
JRVR	F	-0.03%