HSMV vs. SDD ETF Comparison

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

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

$33.16

Average Daily Volume

1,258

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

SDD

ProShares UltraShort SmallCap600

SDD Description

The investment seeks daily investment results before fees and expenses that correspond to two times the inverse (-2x) 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 two times the inverse (-2x) 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. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$18.78

Average Daily Volume

1,743

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SDD
30 Days	-0.58%	1.85%
60 Days	0.77%	0.33%
90 Days	3.97%	-4.29%
12 Months	11.45%	-28.80%

22 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SDD	Overlap
ABM	B	0.31%	0.34%	0.31%
ADC	B	0.5%	0.39%	0.39%
AIN	F	0.49%	0.31%	0.31%
AVA	B	0.53%	0.42%	0.42%
AWR	C	0.45%	0.41%	0.41%
BCPC	C	0.51%	0.44%	0.44%
CCOI	F	0.25%	0.39%	0.25%
CWT	B	0.46%	0.32%	0.32%
ENSG	D	0.55%	0.3%	0.3%
EXPO	B	0.32%	0.47%	0.32%
FELE	D	0.56%	0.3%	0.3%
JJSF	F	0.43%	0.36%	0.36%
KFY	D	0.63%	0.3%	0.3%
LXP	D	0.49%	0.34%	0.34%
MOG.A	A	0.35%	0.38%	0.35%
NMIH	A	0.55%	0.29%	0.29%
NSIT	A	0.53%	0.32%	0.32%
ONB	A	0.27%	0.4%	0.27%
PLXS	B	0.49%	0.29%	0.29%
PRGS	F	0.49%	0.28%	0.28%
UNF	F	0.48%	0.41%	0.41%
WTS	C	0.52%	0.36%	0.36%

HSMV Overweight 174 Positions Relative to SDD

Symbol	Grade	Weight
EME	A	0.83%
TXRH	A	0.69%
NBIX	A	0.67%
KEX	A	0.67%
TNC	D	0.67%
MDU	A	0.65%
EHC	A	0.65%
BWXT	D	0.64%
KBR	A	0.63%
CACI	A	0.63%
DTM	B	0.63%
POST	C	0.63%
CVLT	A	0.63%
SWX	A	0.62%
TTEK	A	0.61%
WU	C	0.61%
PBH	D	0.61%
RGA	A	0.61%
MUSA	D	0.61%
LANC	D	0.6%
RS	D	0.6%
BJ	C	0.6%
VVV	B	0.6%
RLI	D	0.6%
USFD	C	0.6%
CW	A	0.6%
VNT	D	0.6%
MSA	D	0.6%
AIRC	A	0.6%
EPC	B	0.6%
CASY	B	0.6%
ITT	D	0.59%
ARW	B	0.59%
EXP	B	0.58%
LECO	D	0.58%
FSS	C	0.58%
DCI	B	0.58%
AM	A	0.58%
ATR	A	0.58%
FLO	B	0.58%
GPK	C	0.58%
ASH	A	0.58%
RDN	C	0.57%
CLH	A	0.57%
SF	A	0.57%
MAN	B	0.57%
COOP	A	0.57%
SBRA	B	0.57%
NFG	A	0.57%
GNTX	D	0.57%
SNX	A	0.57%
GATX	C	0.56%
R	A	0.56%
VRRM	A	0.56%
PRI	D	0.56%
AGO	D	0.56%
INGR	C	0.56%
AFG	D	0.56%
THG	A	0.56%
SCI	D	0.56%
CTRE	B	0.55%
SEIC	C	0.55%
MSGS	B	0.55%
GGG	D	0.55%
JEF	B	0.55%
MTG	C	0.55%
FLS	A	0.55%
CHE	F	0.55%
CUBE	D	0.55%
CHH	D	0.55%
OGS	B	0.54%
NYT	B	0.54%
EPRT	A	0.54%
FNF	A	0.54%
SAIC	D	0.54%
CPK	B	0.54%
ORI	A	0.54%
HRB	D	0.54%
FHI	F	0.54%
ESNT	D	0.54%
BLKB	B	0.53%
SFM	A	0.53%
POR	B	0.53%
ACM	A	0.53%
SON	D	0.53%
PFGC	D	0.53%
SIGI	F	0.53%
NWE	B	0.52%
OHI	A	0.52%
ALE	A	0.52%
BKH	B	0.52%
NJR	B	0.52%
AVT	A	0.52%
WTRG	B	0.52%
OGE	A	0.51%
AMG	C	0.51%
NNN	A	0.51%
COLM	B	0.51%
MMS	C	0.51%
SR	B	0.51%
UTHR	A	0.51%
WEN	B	0.51%
EVTC	F	0.5%
CNO	A	0.5%
INVA	B	0.5%
IDA	B	0.5%
G	D	0.5%
LOPE	C	0.49%
FAF	F	0.49%
DLB	D	0.49%
SLGN	B	0.49%
VOYA	C	0.49%
BRX	C	0.49%
GTY	C	0.49%
MIDD	D	0.49%
RGLD	B	0.49%
FCPT	C	0.49%
HXL	D	0.48%
AIR	B	0.48%
MSM	F	0.48%
RPM	D	0.48%
PECO	D	0.47%
EVR	B	0.47%
EFC	C	0.47%
STAG	D	0.47%
GLPI	F	0.47%
FR	D	0.46%
WPC	C	0.46%
IDCC	C	0.46%
LSTR	D	0.46%
DBX	F	0.45%
PNM	C	0.45%
EPR	D	0.45%
ELS	D	0.45%
CSL	A	0.45%
MTN	F	0.45%
EGP	F	0.45%
WERN	D	0.44%
PCH	D	0.44%
JAZZ	D	0.42%
NVT	A	0.42%
CHDN	B	0.41%
JHG	B	0.41%
OSK	D	0.4%
IRT	B	0.4%
LAMR	B	0.4%
CBSH	A	0.39%
NSA	D	0.38%
EXEL	D	0.38%
FNB	A	0.38%
LII	D	0.38%
AGCO	F	0.37%
RYN	F	0.36%
ROIC	D	0.36%
RNR	D	0.35%
LFUS	C	0.35%
LEG	F	0.35%
GO	F	0.34%
MAT	F	0.33%
CRI	F	0.33%
ACHC	F	0.33%
ORA	C	0.33%
CRUS	C	0.33%
PB	B	0.33%
ENOV	F	0.33%
FCN	B	0.32%
GMED	D	0.31%
REXR	D	0.31%
KNX	F	0.24%
ENR	C	0.24%
PZZA	F	0.23%
NVST	F	0.22%
JBL	F	0.21%
PDCO	F	0.21%

HSMV Underweight 70 Positions Relative to SDD

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