HSMV vs. PAPI ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Parametric Equity Premium Income ETF (PAPI)

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

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$28.08

Average Daily Volume

33,669

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	PAPI
30 Days	4.88%	3.08%
60 Days	5.46%	3.73%
90 Days	6.96%	4.88%
12 Months	27.49%	19.25%

33 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in PAPI	Overlap
AFG	A	1.08%	0.54%	0.54%
AM	A	1.21%	0.53%	0.53%
ASH	D	0.36%	0.46%	0.36%
ATR	B	2.09%	0.52%	0.52%
AVT	C	0.49%	0.51%	0.49%
CHE	D	1.16%	0.49%	0.49%
COLM	B	0.55%	0.53%	0.53%
CRI	D	0.21%	0.41%	0.21%
DCI	B	1.33%	0.55%	0.55%
DLB	B	0.85%	0.51%	0.51%
DTM	B	2.06%	0.62%	0.62%
ESNT	D	0.67%	0.45%	0.45%
FLO	D	1.17%	0.49%	0.49%
FNF	B	0.51%	0.51%	0.51%
GGG	B	1.06%	0.55%	0.55%
GNTX	C	0.99%	0.54%	0.54%
IDA	A	1.65%	0.59%	0.59%
IDCC	A	0.77%	0.61%	0.61%
INGR	B	1.65%	0.55%	0.55%
JHG	A	0.66%	0.58%	0.58%
MAN	D	0.32%	0.44%	0.32%
MSM	C	0.44%	0.53%	0.44%
MTG	C	0.55%	0.5%	0.5%
MTN	C	0.29%	0.54%	0.29%
NFG	A	1.18%	0.52%	0.52%
NYT	C	0.95%	0.5%	0.5%
OGE	B	1.59%	0.55%	0.55%
OGS	A	0.72%	0.54%	0.54%
ORI	A	1.76%	0.54%	0.54%
PB	A	0.45%	0.59%	0.45%
POR	C	1.07%	0.51%	0.51%
RGLD	C	0.34%	0.5%	0.34%
RS	B	0.54%	0.56%	0.54%

HSMV Overweight 114 Positions Relative to PAPI

Symbol	Grade	Weight
SEIC	B	1.89%
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%
NWE	B	1.13%
OHI	C	1.08%
NNN	D	1.01%
GLPI	C	0.99%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
FCPT	C	0.86%
CBSH	A	0.83%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
PRI	A	0.78%
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	B	0.74%
ENSG	D	0.73%
AWR	B	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
CW	B	0.67%
RGA	A	0.67%
AGO	B	0.67%
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%
ACM	A	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
SBRA	C	0.55%
NMIH	D	0.55%
BCPC	B	0.53%
FLS	B	0.52%
CWT	D	0.51%
EPC	D	0.49%
FCN	D	0.49%
BRX	A	0.48%
BWXT	B	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%
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%
ITT	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	B	0.35%
SAIC	F	0.35%
LXP	D	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
KEX	C	0.31%
AGCO	D	0.31%
JJSF	B	0.31%
ONB	B	0.31%
R	B	0.3%
KFY	B	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%
FSS	B	0.24%
LFUS	F	0.24%
CUBE	D	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	D	0.22%
REXR	F	0.2%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 156 Positions Relative to PAPI

Symbol	Grade	Weight
GRMN	B	-0.65%
SNA	A	-0.63%
IP	B	-0.63%
BKR	B	-0.62%
EMR	A	-0.61%
OKE	A	-0.61%
UNM	A	-0.61%
PINC	B	-0.6%
FOX	A	-0.59%
CFR	B	-0.59%
TAP	C	-0.59%
EA	A	-0.59%
MO	A	-0.59%
KMI	A	-0.58%
CINF	A	-0.58%
WMB	A	-0.58%
JCI	C	-0.58%
WHR	B	-0.57%
RHI	B	-0.57%
TRV	B	-0.57%
SRE	A	-0.57%
CTRA	B	-0.57%
RF	A	-0.57%
DGX	A	-0.57%
SYK	C	-0.57%
LH	C	-0.57%
TXRH	C	-0.57%
FOXA	B	-0.57%
XEL	A	-0.57%
CVX	A	-0.57%
CMI	A	-0.57%
FAST	B	-0.56%
WSO	A	-0.56%
CAH	B	-0.56%
EOG	A	-0.56%
PKG	A	-0.56%
PM	B	-0.56%
TROW	B	-0.56%
COP	C	-0.56%
VLO	C	-0.55%
PPL	B	-0.55%
UNH	C	-0.55%
EVRG	A	-0.55%
T	A	-0.55%
MOS	F	-0.54%
PAG	B	-0.54%
CMCSA	B	-0.54%
COR	B	-0.54%
WMT	A	-0.54%
CSCO	B	-0.54%
COST	B	-0.54%
CHD	B	-0.54%
DRI	B	-0.54%
TJX	A	-0.54%
ADP	B	-0.54%
AEE	A	-0.54%
MSFT	F	-0.53%
CTSH	B	-0.53%
LHX	C	-0.53%
GILD	C	-0.53%
TXN	C	-0.53%
PRU	A	-0.53%
PAYX	C	-0.53%
ATO	A	-0.53%
HPE	B	-0.53%
GLW	B	-0.53%
HP	B	-0.52%
LNT	A	-0.52%
BMI	B	-0.52%
ROP	B	-0.52%
ABT	B	-0.52%
PG	A	-0.52%
PEG	A	-0.52%
UPS	C	-0.52%
HPQ	B	-0.52%
EXPD	D	-0.52%
XOM	B	-0.52%
PSX	C	-0.52%
CHRD	D	-0.52%
WEC	A	-0.52%
CME	A	-0.52%
DD	D	-0.51%
CALM	A	-0.51%
DINO	D	-0.51%
HIG	B	-0.51%
APD	A	-0.51%
LKQ	D	-0.51%
OXM	D	-0.51%
MDT	D	-0.51%
CTVA	C	-0.5%
BDX	F	-0.5%
JNJ	D	-0.5%
DUK	C	-0.5%
RTX	C	-0.5%
POWI	D	-0.5%
DVN	F	-0.5%
FE	C	-0.5%
GD	F	-0.5%
ACN	C	-0.5%
VZ	C	-0.5%
CCOI	B	-0.5%
SNX	C	-0.5%
PFG	D	-0.5%
AEP	D	-0.5%
BG	F	-0.5%
D	C	-0.5%
SO	D	-0.5%
AFL	B	-0.5%
DOX	D	-0.49%
OMC	C	-0.49%
KMB	D	-0.49%
BBY	D	-0.49%
PPG	F	-0.49%
SON	D	-0.49%
LIN	D	-0.49%
JKHY	D	-0.49%
EMN	D	-0.49%
QCOM	F	-0.49%
HRL	D	-0.49%
CAG	D	-0.48%
LYB	F	-0.48%
AOS	F	-0.48%
WEN	D	-0.48%
ADI	D	-0.48%
ED	D	-0.48%
PEP	F	-0.48%
RPRX	D	-0.48%
LEA	D	-0.48%
WU	D	-0.48%
SHOO	D	-0.47%
AMCR	D	-0.47%
LEN	D	-0.47%
CI	F	-0.47%
ADM	D	-0.47%
KDP	D	-0.46%
ABBV	D	-0.46%
FMC	D	-0.46%
HAS	D	-0.46%
KHC	F	-0.46%
MRK	F	-0.46%
IBM	C	-0.46%
IPG	D	-0.45%
SWKS	F	-0.45%
GPC	D	-0.45%
KO	D	-0.45%
DHR	F	-0.45%
HUN	F	-0.44%
DOW	F	-0.44%
PFE	D	-0.44%
INSW	F	-0.44%
PII	D	-0.43%
ELV	F	-0.43%
CVI	F	-0.42%
HII	D	-0.39%
NEM	D	-0.38%
SCCO	F	-0.0%