HSMV vs. IVOV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Vanguard S&P Mid-Cap 400 Value ETF (IVOV)

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

IVOV

Vanguard S&P Mid-Cap 400 Value ETF

IVOV Description

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization value stocks in the United States. The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400Â® Value Index, which represents the value companies of the S&P MidCap 400 Index. The index measures the performance of mid-capitalization value stocks. 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.

Grade (RS Rating)

Last Trade

$103.46

Average Daily Volume

15,333

Number of Holdings ^*

284

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	IVOV
30 Days	4.88%	7.33%
60 Days	5.46%	8.59%
90 Days	6.96%	9.69%
12 Months	27.49%	31.86%

97 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in IVOV	Overlap
ACM	B	0.57%	0.54%	0.54%
ADC	B	1.34%	0.53%	0.53%
AFG	A	1.08%	0.66%	0.66%
AGCO	D	0.31%	0.44%	0.31%
ALV	C	0.29%	0.19%	0.19%
AM	A	1.21%	0.14%	0.14%
AMG	B	0.63%	0.41%	0.41%
AMH	D	1.24%	0.31%	0.31%
ARW	D	0.45%	0.44%	0.44%
ASH	D	0.36%	0.29%	0.29%
ATR	B	2.09%	0.32%	0.32%
AVT	C	0.49%	0.34%	0.34%
BJ	A	0.36%	0.79%	0.36%
BKH	A	0.9%	0.29%	0.29%
BLKB	B	0.41%	0.08%	0.08%
BRX	A	0.48%	0.32%	0.32%
CACI	D	1.29%	0.55%	0.55%
CBSH	A	0.83%	0.3%	0.3%
CDP	C	0.63%	0.16%	0.16%
CHE	D	1.16%	0.23%	0.23%
CHH	A	0.56%	0.11%	0.11%
CNO	A	0.44%	0.26%	0.26%
COLM	B	0.55%	0.1%	0.1%
CRI	D	0.21%	0.14%	0.14%
CUBE	D	0.24%	0.34%	0.24%
CW	B	0.67%	0.33%	0.33%
DCI	B	1.33%	0.27%	0.27%
DLB	B	0.85%	0.13%	0.13%
DTM	B	2.06%	0.23%	0.23%
EGP	F	0.63%	0.22%	0.22%
EHC	B	0.9%	0.39%	0.39%
ELS	C	0.81%	0.33%	0.33%
EPR	D	0.79%	0.09%	0.09%
ESNT	D	0.67%	0.45%	0.45%
EVR	B	0.34%	0.21%	0.21%
FAF	A	0.4%	0.46%	0.4%
FHI	A	1.26%	0.22%	0.22%
FLO	D	1.17%	0.31%	0.31%
FLS	B	0.52%	0.27%	0.27%
FNB	A	0.38%	0.37%	0.37%
FNF	B	0.51%	1.1%	0.51%
FR	D	0.45%	0.25%	0.25%
G	B	0.35%	0.44%	0.35%
GATX	A	0.56%	0.22%	0.22%
GLPI	C	0.99%	0.55%	0.55%
GNTX	C	0.99%	0.18%	0.18%
GPK	C	0.36%	0.6%	0.36%
HXL	D	0.22%	0.17%	0.17%
IDA	A	1.65%	0.24%	0.24%
INGR	B	1.65%	0.39%	0.39%
IRT	A	0.23%	0.31%	0.23%
JAZZ	B	0.33%	0.28%	0.28%
JEF	A	0.46%	0.73%	0.46%
JHG	A	0.66%	0.37%	0.37%
KBR	F	0.75%	0.34%	0.34%
KEX	C	0.31%	0.27%	0.27%
LAMR	D	0.43%	0.34%	0.34%
LANC	C	0.46%	0.12%	0.12%
LFUS	F	0.24%	0.13%	0.13%
LSTR	D	0.76%	0.14%	0.14%
MAN	D	0.32%	0.21%	0.21%
MIDD	C	0.28%	0.25%	0.25%
MMS	F	0.89%	0.1%	0.1%
MSM	C	0.44%	0.12%	0.12%
MTG	C	0.55%	0.28%	0.28%
MTN	C	0.29%	0.15%	0.15%
NFG	A	1.18%	0.39%	0.39%
NJR	A	1.24%	0.32%	0.32%
NNN	D	1.01%	0.35%	0.35%
NSA	D	0.13%	0.11%	0.11%
NWE	A	1.13%	0.23%	0.23%
OGE	B	1.59%	0.57%	0.57%
OGS	A	0.72%	0.28%	0.28%
OHI	C	1.08%	0.46%	0.46%
ONB	B	0.31%	0.43%	0.31%
ORA	B	0.27%	0.3%	0.27%
ORI	A	1.76%	0.59%	0.59%
OSK	B	0.28%	0.47%	0.28%
PB	A	0.45%	0.49%	0.45%
PCH	D	0.19%	0.21%	0.19%
PFGC	B	0.45%	0.89%	0.45%
POR	C	1.07%	0.34%	0.34%
POST	C	1.56%	0.36%	0.36%
R	B	0.3%	0.45%	0.3%
REXR	F	0.2%	0.4%	0.2%
RGA	A	0.67%	0.98%	0.67%
RGLD	C	0.34%	0.32%	0.32%
RLI	B	1.42%	0.16%	0.16%
RNR	C	0.67%	0.43%	0.43%
RPM	A	0.68%	0.53%	0.53%
RYN	D	0.42%	0.18%	0.18%
SAIC	F	0.35%	0.34%	0.34%
SBRA	C	0.55%	0.32%	0.32%
SCI	B	0.62%	0.41%	0.41%
SEIC	B	1.89%	0.26%	0.26%
SF	B	0.72%	0.75%	0.72%
SLGN	A	0.68%	0.3%	0.3%

HSMV Overweight 50 Positions Relative to IVOV

Symbol	Grade	Weight
CTRE	D	1.54%
MSGS	A	1.4%
GGG	B	1.06%
NYT	C	0.95%
FCPT	C	0.86%
MSA	D	0.8%
PRI	A	0.78%
IDCC	B	0.77%
AVA	A	0.76%
PBH	A	0.76%
EFC	C	0.76%
PECO	A	0.74%
LOPE	B	0.74%
ENSG	D	0.73%
AWR	B	0.72%
CPK	A	0.67%
AGO	B	0.67%
EPRT	B	0.65%
MDU	D	0.64%
PRGS	A	0.58%
FELE	B	0.56%
NMIH	D	0.55%
RS	B	0.54%
BCPC	B	0.53%
CWT	D	0.51%
EPC	D	0.49%
FCN	D	0.49%
BWXT	B	0.48%
MUSA	A	0.47%
CHDN	B	0.45%
ENR	B	0.43%
RDN	C	0.4%
ITT	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ABM	B	0.36%
COOP	B	0.35%
IOSP	B	0.35%
LXP	D	0.34%
LECO	B	0.34%
CSL	C	0.33%
JJSF	B	0.31%
KFY	B	0.29%
EVTC	B	0.28%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
HRB	D	0.26%
FSS	B	0.24%
AIN	C	0.24%

HSMV Underweight 187 Positions Relative to IVOV

Symbol	Grade	Weight
ILMN	D	-1.62%
USFD	A	-1.06%
THC	D	-1.05%
COHR	B	-1.0%
DOCU	A	-1.0%
JLL	D	-0.91%
WPC	D	-0.86%
RRX	B	-0.78%
UNM	A	-0.77%
AA	B	-0.73%
ARMK	B	-0.7%
CNH	C	-0.69%
ALLY	C	-0.68%
FHN	A	-0.65%
UTHR	C	-0.64%
WBS	A	-0.63%
FLR	B	-0.63%
SNX	C	-0.62%
AAL	B	-0.62%
AVTR	F	-0.62%
GME	C	-0.61%
X	C	-0.61%
WCC	B	-0.6%
GMED	A	-0.59%
KNX	B	-0.59%
XPO	B	-0.57%
BERY	B	-0.57%
FYBR	D	-0.56%
ZION	B	-0.54%
WTFC	A	-0.54%
MTZ	B	-0.53%
AR	B	-0.53%
SFM	A	-0.53%
SSB	B	-0.52%
SNV	B	-0.51%
TPL	A	-0.51%
TMHC	B	-0.5%
IBKR	A	-0.48%
EQH	B	-0.48%
BIO	D	-0.48%
VNO	B	-0.48%
CMC	B	-0.44%
FBIN	D	-0.44%
EWBC	A	-0.44%
DAR	C	-0.44%
BURL	A	-0.44%
DINO	D	-0.44%
STWD	C	-0.44%
VMI	B	-0.44%
CLF	F	-0.43%
CADE	B	-0.43%
NOV	C	-0.43%
CCK	C	-0.42%
GBCI	B	-0.42%
LAD	A	-0.42%
COLB	A	-0.42%
KRG	B	-0.4%
WHR	B	-0.4%
SRCL	C	-0.4%
CG	A	-0.39%
PVH	C	-0.39%
BMRN	D	-0.39%
THO	B	-0.39%
DKS	C	-0.38%
NXST	C	-0.38%
THG	A	-0.38%
CIEN	B	-0.38%
LEA	D	-0.38%
ST	F	-0.37%
KD	B	-0.37%
WTRG	B	-0.36%
HOMB	A	-0.36%
UBSI	B	-0.36%
UGI	A	-0.36%
SON	D	-0.36%
PNFP	B	-0.34%
UMBF	B	-0.34%
BDC	B	-0.33%
CUZ	B	-0.33%
XRAY	F	-0.33%
CFR	B	-0.33%
VOYA	B	-0.33%
AYI	B	-0.32%
GAP	B	-0.32%
LITE	B	-0.31%
TTC	D	-0.31%
SWX	B	-0.31%
TKO	B	-0.31%
WAL	B	-0.31%
M	D	-0.3%
KRC	C	-0.3%
AVNT	B	-0.3%
VLY	B	-0.29%
AN	C	-0.29%
ASGN	F	-0.29%
PNM	F	-0.28%
BRBR	A	-0.28%
KMPR	B	-0.27%
HOG	D	-0.27%
CGNX	C	-0.27%
MAT	D	-0.27%
WU	D	-0.26%
HQY	B	-0.26%
PII	D	-0.26%
CNM	D	-0.26%
SR	A	-0.26%
ALE	A	-0.26%
PRGO	B	-0.25%
ASB	B	-0.25%
TCBI	B	-0.25%
NVST	B	-0.25%
STAG	F	-0.24%
MKSI	C	-0.24%
TKR	D	-0.23%
CYTK	F	-0.23%
FFIN	B	-0.2%
PAG	B	-0.2%
NEOG	F	-0.2%
KBH	D	-0.2%
PBF	D	-0.2%
OLN	D	-0.2%
BHF	B	-0.2%
SLM	A	-0.2%
AMKR	D	-0.2%
EXLS	B	-0.2%
GHC	C	-0.2%
GXO	B	-0.19%
CXT	B	-0.19%
CC	C	-0.19%
CVLT	B	-0.19%
VAC	B	-0.18%
SIGI	C	-0.18%
BRKR	D	-0.18%
CRUS	D	-0.18%
MUR	D	-0.18%
NOVT	D	-0.18%
DOCS	C	-0.18%
RH	B	-0.18%
EXPO	D	-0.17%
WH	B	-0.17%
MTSI	B	-0.17%
SRPT	D	-0.17%
MASI	A	-0.17%
OZK	B	-0.16%
ENS	D	-0.16%
RCM	F	-0.16%
GT	C	-0.16%
SMG	D	-0.16%
ENOV	C	-0.16%
BC	C	-0.15%
ALGM	D	-0.15%
ZI	D	-0.15%
HWC	B	-0.15%
LPX	B	-0.15%
JWN	C	-0.15%
VSH	D	-0.14%
CBT	C	-0.14%
PPC	C	-0.14%
CNXC	F	-0.14%
AMED	F	-0.13%
IBOC	A	-0.13%
EEFT	B	-0.13%
ROIV	C	-0.13%
POWI	D	-0.12%
IRDM	D	-0.12%
LIVN	F	-0.12%
OPCH	D	-0.12%
CHX	C	-0.12%
WEN	D	-0.11%
TEX	D	-0.11%
KNF	A	-0.11%
SYNA	C	-0.11%
GEF	A	-0.11%
UAA	C	-0.11%
VC	D	-0.1%
SAM	C	-0.1%
NSP	D	-0.1%
PSN	D	-0.1%
HAE	C	-0.1%
CPRI	F	-0.09%
IPGP	D	-0.09%
YETI	C	-0.08%
TNL	A	-0.07%
UA	B	-0.07%
WMG	C	-0.07%
HGV	B	-0.06%
AZTA	D	-0.05%