HSMV vs. IYJ ETF Comparison

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

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

IYJ

iShares U.S. Industrials ETF

IYJ Description

The investment seeks to track the investment results of an index composed of U.S. equities in the industrials sector. The fund generally invests at least 90% of its assets in securities of the index and in depositary receipts representing securities of the index. It seeks to track the investment results of the Dow Jones U.S. Industrials Index (the "underlying index"), which measures the performance of the industrials sector of the U.S. equity market.

Grade (RS Rating)

Last Trade

$142.39

Average Daily Volume

39,529

Number of Holdings ^*

190

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	IYJ
30 Days	4.88%	5.33%
60 Days	5.46%	7.25%
90 Days	6.96%	11.61%
12 Months	27.49%	36.00%

26 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in IYJ	Overlap
ACM	A	0.57%	0.21%	0.21%
AGCO	D	0.31%	0.08%	0.08%
ATR	B	2.09%	0.16%	0.16%
BWXT	B	0.48%	0.17%	0.17%
CSL	C	0.33%	0.29%	0.29%
CW	B	0.67%	0.2%	0.2%
DCI	B	1.33%	0.13%	0.13%
FCN	D	0.49%	0.1%	0.1%
FLS	B	0.52%	0.11%	0.11%
G	B	0.35%	0.11%	0.11%
GGG	B	1.06%	0.22%	0.22%
GPK	C	0.36%	0.12%	0.12%
ITT	A	0.38%	0.18%	0.18%
KEX	C	0.31%	0.11%	0.11%
LECO	B	0.34%	0.16%	0.16%
LFUS	F	0.24%	0.09%	0.09%
LII	A	0.26%	0.28%	0.26%
LSTR	D	0.76%	0.09%	0.09%
MAN	D	0.32%	0.04%	0.04%
MIDD	C	0.28%	0.1%	0.1%
MSA	D	0.8%	0.09%	0.09%
MSM	C	0.44%	0.05%	0.05%
OSK	B	0.28%	0.1%	0.1%
R	B	0.3%	0.1%	0.1%
RPM	A	0.68%	0.25%	0.25%
SLGN	A	0.68%	0.06%	0.06%

HSMV Overweight 121 Positions Relative to IYJ

Symbol	Grade	Weight
DTM	B	2.06%
SEIC	B	1.89%
ORI	A	1.76%
IDA	A	1.65%
INGR	B	1.65%
OGE	B	1.59%
POST	C	1.56%
CTRE	D	1.54%
RLI	B	1.42%
MSGS	A	1.4%
ADC	B	1.34%
CACI	D	1.29%
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%
AFG	A	1.08%
POR	C	1.07%
NNN	D	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	C	0.95%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
CBSH	A	0.83%
ELS	C	0.81%
EPR	D	0.79%
PRI	A	0.78%
IDCC	A	0.77%
AVA	A	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
LOPE	B	0.74%
ENSG	D	0.73%
AWR	B	0.72%
OGS	A	0.72%
SF	B	0.72%
RNR	C	0.67%
CPK	A	0.67%
RGA	A	0.67%
AGO	B	0.67%
ESNT	D	0.67%
JHG	A	0.66%
EPRT	B	0.65%
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%
CWT	D	0.51%
FNF	B	0.51%
EPC	D	0.49%
AVT	C	0.49%
BRX	A	0.48%
MUSA	A	0.47%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
FR	C	0.45%
CHDN	B	0.45%
ARW	D	0.45%
PB	A	0.45%
CNO	A	0.44%
LAMR	D	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
RDN	C	0.4%
FAF	A	0.4%
FNB	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ASH	D	0.36%
ABM	B	0.36%
BJ	A	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%
JAZZ	B	0.33%
JJSF	B	0.31%
ONB	B	0.31%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
EVTC	B	0.28%
ORA	B	0.27%
PLXS	B	0.27%
CASY	A	0.26%
HRB	D	0.26%
FSS	B	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 164 Positions Relative to IYJ

Symbol	Grade	Weight
V	A	-7.02%
MA	C	-6.2%
ACN	C	-3.19%
GE	D	-2.77%
CAT	B	-2.7%
AXP	A	-2.32%
RTX	C	-2.27%
HON	B	-2.15%
UNP	C	-2.07%
ETN	A	-2.06%
ADP	B	-1.76%
FI	A	-1.74%
LMT	D	-1.64%
DE	A	-1.45%
UPS	C	-1.41%
BA	F	-1.39%
TT	A	-1.33%
PH	A	-1.29%
GEV	B	-1.29%
SHW	A	-1.28%
PYPL	B	-1.26%
ITW	B	-1.15%
GD	F	-1.13%
CTAS	B	-1.07%
EMR	A	-1.04%
MMM	D	-1.03%
COF	B	-1.01%
CSX	B	-0.99%
NOC	D	-0.98%
TDG	D	-0.98%
CRH	A	-0.97%
FDX	B	-0.96%
CARR	D	-0.9%
NSC	B	-0.85%
PCAR	B	-0.83%
JCI	C	-0.81%
URI	B	-0.8%
FICO	B	-0.77%
GWW	B	-0.74%
FIS	C	-0.71%
CMI	A	-0.71%
PWR	A	-0.68%
LHX	C	-0.67%
SQ	B	-0.67%
PAYX	C	-0.66%
HWM	A	-0.65%
AME	A	-0.64%
AXON	A	-0.62%
ODFL	B	-0.61%
IR	B	-0.59%
VRSK	A	-0.58%
OTIS	C	-0.58%
FERG	B	-0.58%
VMC	B	-0.53%
MLM	B	-0.51%
WAB	B	-0.49%
DD	D	-0.49%
ROK	B	-0.47%
DOW	F	-0.45%
EFX	F	-0.44%
XYL	D	-0.42%
GPN	B	-0.42%
PPG	F	-0.41%
DOV	A	-0.4%
FTV	C	-0.38%
SW	A	-0.38%
VLTO	D	-0.37%
SYF	B	-0.37%
KEYS	A	-0.37%
CPAY	A	-0.36%
MTD	D	-0.36%
HUBB	B	-0.34%
EME	C	-0.33%
TDY	B	-0.31%
PKG	A	-0.3%
BLDR	D	-0.3%
BAH	F	-0.28%
ZBRA	B	-0.28%
SNA	A	-0.27%
TRU	D	-0.27%
BALL	D	-0.27%
WSO	A	-0.26%
TRMB	B	-0.25%
IEX	B	-0.25%
MAS	D	-0.25%
J	F	-0.25%
PNR	A	-0.25%
XPO	B	-0.24%
OC	A	-0.24%
EXPD	D	-0.24%
HEI	B	-0.24%
TXT	D	-0.23%
FIX	A	-0.22%
NDSN	B	-0.21%
AMCR	D	-0.21%
JBHT	C	-0.21%
SAIA	B	-0.2%
AFRM	B	-0.19%
SWK	D	-0.19%
ALLE	D	-0.18%
JKHY	D	-0.18%
CHRW	C	-0.18%
HEI	B	-0.17%
NVT	B	-0.17%
TTEK	F	-0.16%
BLD	D	-0.16%
RRX	B	-0.16%
ALSN	B	-0.15%
WWD	B	-0.15%
CCK	C	-0.15%
GNRC	B	-0.15%
CNH	C	-0.14%
AYI	B	-0.14%
EXP	A	-0.14%
AXTA	A	-0.13%
WCC	B	-0.13%
AAON	B	-0.13%
FBIN	D	-0.13%
WMS	D	-0.13%
APG	B	-0.12%
CNM	D	-0.12%
TTC	D	-0.12%
MTZ	B	-0.12%
CR	A	-0.12%
PCTY	B	-0.12%
AOS	F	-0.12%
BILL	A	-0.12%
KNX	B	-0.12%
WEX	D	-0.11%
MHK	D	-0.11%
TREX	C	-0.11%
RHI	B	-0.11%
BERY	B	-0.11%
SSD	D	-0.11%
HII	D	-0.11%
AWI	A	-0.1%
VMI	B	-0.1%
CGNX	C	-0.1%
GXO	B	-0.1%
ATI	D	-0.1%
ESAB	B	-0.1%
MKSI	C	-0.1%
LPX	B	-0.1%
FOUR	B	-0.09%
WSC	D	-0.09%
AZEK	A	-0.09%
BC	C	-0.08%
VNT	B	-0.08%
ST	F	-0.07%
SEE	C	-0.07%
SON	D	-0.07%
AL	B	-0.07%
GTES	A	-0.06%
EEFT	B	-0.06%
AMTM	D	-0.05%
SPR	D	-0.05%
CXT	B	-0.04%
ECG	C	-0.04%
WU	D	-0.04%
VSTS	C	-0.03%
ADT	C	-0.03%
HAYW	B	-0.03%
SNDR	B	-0.02%
LOAR	A	-0.01%