HSMV vs. SBB ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to ProShares Short SmallCap600 (SBB)

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

$34.02

Average Daily Volume

1,252

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

SBB

ProShares Short SmallCap600

SBB Description

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.93

Average Daily Volume

4,914

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SBB
30 Days	3.53%	-2.62%
60 Days	2.70%	-0.75%
90 Days	6.24%	-2.50%
12 Months	14.92%	-13.43%

23 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SBB	Overlap
ABM	B	0.31%	0.34%	0.31%
ADC	B	0.51%	0.39%	0.39%
AIN	D	0.53%	0.31%	0.31%
AVA	B	0.52%	0.42%	0.42%
AWR	B	0.53%	0.41%	0.41%
BCPC	B	0.54%	0.44%	0.44%
CCOI	F	0.3%	0.39%	0.3%
CWT	B	0.54%	0.32%	0.32%
ENSG	D	0.5%	0.3%	0.3%
EXPO	B	0.31%	0.47%	0.31%
FELE	C	0.49%	0.3%	0.3%
IOSP	B	0.51%	0.33%	0.33%
JJSF	B	0.51%	0.36%	0.36%
KFY	C	0.51%	0.3%	0.3%
LXP	D	0.66%	0.34%	0.34%
MOG.A	A	0.46%	0.38%	0.38%
NMIH	A	0.53%	0.29%	0.29%
NSIT	A	0.5%	0.32%	0.32%
ONB	A	0.31%	0.4%	0.31%
PLXS	B	0.58%	0.29%	0.29%
PRGS	F	0.51%	0.28%	0.28%
UNF	D	0.49%	0.41%	0.41%
WTS	B	0.52%	0.36%	0.36%

HSMV Overweight 173 Positions Relative to SBB

Symbol	Grade	Weight
CUBE	D	0.65%
CPK	B	0.65%
EXP	A	0.63%
NBIX	C	0.63%
SWX	A	0.62%
MTN	D	0.61%
LANC	D	0.59%
IDCC	B	0.59%
WU	D	0.58%
CSL	A	0.58%
LFUS	B	0.58%
MAT	D	0.57%
BJ	B	0.57%
EME	A	0.57%
FAF	D	0.57%
EVR	B	0.57%
AGCO	D	0.56%
TNC	D	0.56%
UTHR	B	0.55%
CLH	B	0.54%
CVLT	A	0.54%
TTEK	A	0.54%
MIDD	F	0.54%
ORI	A	0.53%
WERN	D	0.53%
WTRG	B	0.53%
ELS	D	0.53%
COLM	B	0.53%
KBR	B	0.52%
JHG	A	0.52%
NWE	B	0.52%
RDN	C	0.52%
FHI	D	0.52%
SF	A	0.52%
ASH	A	0.52%
INGR	A	0.52%
FR	D	0.52%
STAG	D	0.52%
PRI	D	0.52%
AMG	D	0.52%
MMS	B	0.52%
PCH	D	0.52%
CACI	A	0.52%
FCPT	B	0.52%
EPC	B	0.52%
LOPE	B	0.52%
VOYA	B	0.52%
OHI	C	0.52%
GLPI	D	0.52%
PECO	F	0.52%
OGE	A	0.52%
HRB	A	0.52%
NYT	B	0.52%
EPRT	A	0.52%
ALE	B	0.52%
NFG	A	0.52%
OGS	C	0.52%
EPR	C	0.52%
CW	A	0.52%
BKH	B	0.52%
BRX	B	0.52%
NNN	A	0.52%
PNM	C	0.52%
NJR	B	0.52%
CTRE	C	0.52%
RS	D	0.51%
NVT	B	0.51%
HXL	C	0.51%
CHE	D	0.51%
CRI	F	0.51%
SAIC	B	0.51%
MTG	B	0.51%
VVV	D	0.51%
LECO	D	0.51%
PFGC	D	0.51%
WEN	C	0.51%
EXEL	F	0.51%
ATR	B	0.51%
WH	F	0.51%
EHC	A	0.51%
LSTR	C	0.51%
INVA	B	0.51%
KEX	A	0.51%
COOP	A	0.51%
AFG	C	0.51%
MAN	B	0.51%
PBH	D	0.51%
GATX	C	0.51%
DLB	C	0.51%
SR	B	0.51%
EGP	D	0.51%
WPC	B	0.51%
THG	A	0.51%
POR	B	0.51%
SEIC	D	0.51%
SBRA	B	0.51%
ALV	A	0.51%
ACM	D	0.51%
DCI	A	0.51%
RPM	D	0.51%
G	D	0.51%
JEF	A	0.51%
FLS	A	0.51%
FNF	B	0.51%
RLI	A	0.51%
IDA	B	0.51%
AMH	C	0.51%
CHH	F	0.51%
FLO	B	0.51%
ACHC	D	0.51%
ESNT	C	0.51%
CNO	A	0.51%
EFC	B	0.51%
RGA	A	0.51%
MDU	A	0.51%
OSK	C	0.5%
FSS	A	0.5%
VNT	D	0.5%
MSM	D	0.5%
RYN	F	0.5%
GNTX	D	0.5%
SNX	A	0.5%
GMED	A	0.5%
CASY	A	0.5%
POST	A	0.5%
MSA	C	0.5%
AM	A	0.5%
GGG	D	0.5%
BWXT	D	0.5%
DTM	A	0.5%
AGO	D	0.5%
VRRM	A	0.5%
TXRH	A	0.5%
USFD	B	0.5%
MCRI	D	0.5%
CBSH	A	0.49%
ARW	B	0.49%
REXR	D	0.49%
SLGN	B	0.49%
SCI	D	0.49%
GPK	C	0.49%
AVT	A	0.49%
MSGS	B	0.49%
SON	B	0.49%
ITT	A	0.48%
ROIC	D	0.48%
FNB	A	0.48%
SFM	A	0.48%
SIGI	F	0.48%
LII	B	0.47%
LAMR	A	0.47%
KNX	D	0.47%
MUSA	A	0.47%
EVTC	D	0.46%
CHDN	B	0.46%
RNR	D	0.46%
ENOV	F	0.45%
R	A	0.45%
JAZZ	F	0.43%
ENR	C	0.42%
GO	F	0.41%
RGLD	B	0.4%
PB	B	0.38%
AIR	B	0.38%
NSA	C	0.34%
ORA	B	0.32%
BLKB	C	0.31%
IRT	B	0.31%
FCN	B	0.31%
PDCO	F	0.3%
CRUS	A	0.29%
PZZA	F	0.29%
LEG	F	0.23%

HSMV Underweight 69 Positions Relative to SBB

Symbol	Grade	Weight
DAR	D	-0.61%
GBCI	C	-0.49%
BLD	C	-0.48%
JBT	D	-0.47%
NEOG	F	-0.47%
VIAV	F	-0.46%
OMCL	C	-0.46%
CBU	B	-0.46%
STRA	B	-0.45%
NEO	B	-0.43%
SSD	D	-0.43%
SHOO	C	-0.42%
SKYW	B	-0.42%
B	B	-0.41%
LAD	D	-0.41%
AMN	F	-0.4%
CNMD	F	-0.4%
POWI	C	-0.39%
ITRI	B	-0.39%
UFPI	B	-0.38%
SFNC	D	-0.38%
BRC	B	-0.37%
CVBF	C	-0.37%
PRLB	D	-0.37%
ITGR	D	-0.37%
QLYS	F	-0.36%
AEIS	B	-0.36%
ABCB	B	-0.36%
CROX	B	-0.36%
INDB	C	-0.35%
WING	B	-0.35%
WWW	B	-0.35%
LCII	D	-0.35%
COLB	C	-0.35%
WDFC	D	-0.34%
FOXF	D	-0.34%
SEM	A	-0.33%
ESE	C	-0.33%
AEL	A	-0.33%
AIT	C	-0.33%
IRDM	D	-0.33%
ARI	D	-0.33%
ROG	C	-0.32%
MEDP	D	-0.32%
MNRO	F	-0.32%
GTLS	C	-0.32%
FUL	C	-0.32%
SAIA	F	-0.32%
LPSN	F	-0.32%
SANM	B	-0.31%
HI	F	-0.31%
DIOD	D	-0.31%
EBS	C	-0.31%
IVR	B	-0.31%
EXLS	C	-0.31%
FN	B	-0.31%
PMT	A	-0.3%
SPXC	A	-0.3%
ALGT	F	-0.3%
MTH	A	-0.3%
FFBC	B	-0.3%
ACA	A	-0.29%
AAT	B	-0.29%
DORM	C	-0.29%
XHR	C	-0.29%
KWR	D	-0.28%
FBP	A	-0.28%
AKR	C	-0.28%
NWN	B	-0.28%