HSMV vs. SIXL ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to 6 Meridian Low Beta Equity Strategy ETF (SIXL)

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

$33.73

Average Daily Volume

1,129

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

SIXL

6 Meridian Low Beta Equity Strategy ETF

SIXL Description

The investment seeks to provide capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities. The equity securities in which it invests are mainly common stocks. The fund may invest in equity securities of companies of any capitalization. It also may invest in real estate investment trusts (REITs).

Grade (RS Rating)

Last Trade

$34.70

Average Daily Volume

5,232

Number of Holdings ^*

237

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SIXL
30 Days	3.24%	2.62%
60 Days	0.23%	0.30%
90 Days	3.20%	3.07%
12 Months	15.21%	13.57%

75 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SIXL	Overlap
AGO	D	0.48%	0.34%	0.34%
ALE	B	0.53%	0.44%	0.44%
ATR	B	0.51%	0.42%	0.42%
AVA	C	0.51%	0.45%	0.45%
AWR	D	0.53%	0.42%	0.42%
BJ	A	0.65%	0.5%	0.5%
BWXT	D	0.46%	0.34%	0.34%
CACI	B	0.53%	0.46%	0.46%
CASY	B	0.53%	0.46%	0.46%
CCOI	D	0.27%	0.34%	0.27%
CHE	F	0.49%	0.35%	0.35%
CHH	F	0.48%	0.39%	0.39%
CPK	C	0.63%	0.43%	0.43%
CTRE	B	0.52%	0.44%	0.44%
CVLT	A	0.56%	0.45%	0.45%
CW	B	0.55%	0.47%	0.47%
CWT	C	0.52%	0.45%	0.45%
DLB	D	0.5%	0.4%	0.4%
DTM	A	0.52%	0.46%	0.46%
EHC	C	0.5%	0.45%	0.45%
ELS	F	0.51%	0.38%	0.38%
ENSG	D	0.51%	0.39%	0.39%
EPC	D	0.52%	0.42%	0.42%
EPRT	C	0.51%	0.44%	0.44%
EXEL	F	0.46%	0.37%	0.37%
FCN	C	0.31%	0.43%	0.31%
FCPT	C	0.51%	0.4%	0.4%
FHI	D	0.5%	0.37%	0.37%
FLO	C	0.47%	0.42%	0.42%
GLPI	D	0.52%	0.4%	0.4%
GO	F	0.36%	0.35%	0.35%
HXL	C	0.52%	0.38%	0.38%
IDA	C	0.5%	0.44%	0.44%
IDCC	B	0.62%	0.42%	0.42%
INGR	C	0.52%	0.41%	0.41%
INVA	C	0.51%	0.42%	0.42%
JAZZ	F	0.41%	0.37%	0.37%
JJSF	C	0.59%	0.46%	0.46%
KBR	B	0.5%	0.44%	0.44%
LANC	D	0.55%	0.37%	0.37%
LOPE	C	0.55%	0.44%	0.44%
MUSA	A	0.52%	0.44%	0.44%
NBIX	C	0.62%	0.43%	0.43%
NJR	C	0.49%	0.41%	0.41%
NNN	C	0.51%	0.4%	0.4%
NSIT	B	0.57%	0.45%	0.45%
NWE	C	0.5%	0.43%	0.43%
NYT	A	0.57%	0.47%	0.47%
OGE	C	0.52%	0.43%	0.43%
OGS	F	0.47%	0.39%	0.39%
OHI	B	0.51%	0.41%	0.41%
ORI	B	0.53%	0.44%	0.44%
PBH	F	0.45%	0.36%	0.36%
PDCO	F	0.28%	0.36%	0.28%
PFGC	C	0.51%	0.37%	0.37%
POST	B	0.5%	0.42%	0.42%
PRGS	F	0.5%	0.39%	0.39%
RDN	C	0.51%	0.43%	0.43%
RGA	B	0.55%	0.46%	0.46%
RGLD	B	0.42%	0.47%	0.42%
RLI	C	0.51%	0.4%	0.4%
RNR	B	0.47%	0.41%	0.41%
SAIC	C	0.53%	0.39%	0.39%
SFM	B	0.54%	0.53%	0.53%
SIGI	F	0.48%	0.37%	0.37%
SR	C	0.48%	0.4%	0.4%
THG	C	0.51%	0.41%	0.41%
TXRH	A	0.53%	0.45%	0.45%
USFD	C	0.52%	0.41%	0.41%
UTHR	B	0.57%	0.47%	0.47%
VRRM	C	0.56%	0.51%	0.51%
WEN	F	0.44%	0.39%	0.39%
WPC	D	0.51%	0.4%	0.4%
WTRG	C	0.51%	0.43%	0.43%
WU	D	0.56%	0.38%	0.38%

HSMV Overweight 121 Positions Relative to SIXL

Symbol	Grade	Weight
GMED	B	0.64%
LXP	F	0.64%
CUBE	C	0.64%
EVR	B	0.62%
LFUS	B	0.62%
PLXS	A	0.62%
EME	B	0.62%
SWX	B	0.61%
CSL	B	0.61%
MTN	F	0.59%
NVT	B	0.59%
TTEK	B	0.57%
FAF	F	0.57%
EXP	D	0.57%
KEX	A	0.56%
CLH	A	0.56%
AVT	A	0.55%
SNX	A	0.55%
AIN	D	0.55%
BCPC	C	0.55%
WERN	D	0.54%
COLM	B	0.54%
VOYA	A	0.54%
HRB	C	0.54%
G	C	0.54%
KFY	B	0.54%
GATX	B	0.54%
JHG	B	0.54%
ASH	A	0.53%
PRI	D	0.53%
FLS	B	0.53%
AGCO	F	0.53%
CNO	B	0.53%
SON	B	0.53%
MAT	F	0.53%
JEF	B	0.53%
MMS	C	0.53%
IOSP	B	0.53%
NFG	B	0.52%
RS	D	0.52%
ALV	A	0.52%
WTS	C	0.52%
EFC	C	0.52%
ITT	C	0.52%
ESNT	C	0.52%
PCH	F	0.52%
COOP	B	0.52%
RPM	C	0.52%
NMIH	C	0.52%
AMG	D	0.51%
SF	C	0.51%
LII	B	0.51%
PNM	D	0.51%
MDU	B	0.51%
LSTR	D	0.51%
STAG	F	0.51%
EGP	F	0.51%
AM	B	0.51%
DCI	C	0.51%
SBRA	B	0.51%
ARW	C	0.51%
ADC	C	0.51%
FSS	B	0.51%
SEIC	D	0.51%
SCI	D	0.5%
GGG	F	0.5%
BRX	D	0.5%
MTG	C	0.5%
MSA	C	0.5%
UNF	D	0.5%
AMH	C	0.5%
FR	F	0.5%
FNF	C	0.5%
BKH	C	0.5%
GPK	C	0.5%
AFG	C	0.5%
POR	C	0.5%
TNC	D	0.49%
MSGS	C	0.49%
VNT	D	0.49%
MAN	C	0.49%
RYN	F	0.49%
SLGN	C	0.49%
GNTX	D	0.49%
EPR	D	0.49%
OSK	D	0.49%
FNB	C	0.48%
MIDD	F	0.48%
REXR	F	0.48%
ACHC	F	0.48%
MCRI	F	0.48%
MOG.A	C	0.48%
PECO	F	0.48%
CBSH	C	0.47%
LAMR	B	0.47%
CRI	F	0.47%
KNX	F	0.47%
VVV	D	0.47%
ACM	F	0.47%
WH	F	0.47%
MSM	F	0.47%
FELE	D	0.47%
ROIC	F	0.46%
CHDN	C	0.45%
LECO	F	0.45%
EVTC	F	0.44%
R	C	0.43%
ENOV	F	0.42%
ENR	D	0.41%
CRUS	A	0.38%
AIR	B	0.38%
PB	C	0.37%
ORA	B	0.35%
NSA	C	0.33%
ABM	C	0.32%
ONB	C	0.31%
BLKB	C	0.31%
EXPO	C	0.31%
IRT	C	0.31%
PZZA	F	0.23%
LEG	F	0.18%

HSMV Underweight 162 Positions Relative to SIXL

Symbol	Grade	Weight
VST	A	-0.68%
ATGE	B	-0.56%
PRDO	B	-0.54%
GDDY	A	-0.52%
COKE	B	-0.5%
WWD	A	-0.5%
CORT	B	-0.49%
KDP	B	-0.48%
RTX	A	-0.48%
LMAT	A	-0.48%
MCY	C	-0.48%
CRVL	C	-0.48%
BRC	A	-0.48%
PEG	A	-0.47%
NARI	C	-0.47%
LRN	B	-0.47%
SMPL	C	-0.46%
BSX	A	-0.46%
DECK	A	-0.46%
ADUS	A	-0.46%
K	C	-0.46%
SO	B	-0.46%
PPC	C	-0.46%
AMBC	C	-0.46%
AVAV	A	-0.45%
MO	B	-0.45%
PNW	C	-0.45%
AMGN	C	-0.45%
XEL	D	-0.45%
DGX	C	-0.45%
ATEN	C	-0.45%
UNH	C	-0.44%
NHC	A	-0.44%
LMT	B	-0.44%
STRA	C	-0.44%
WMT	A	-0.44%
LTC	B	-0.44%
CAG	C	-0.44%
LQDT	C	-0.44%
DUK	B	-0.44%
PEP	C	-0.44%
GD	A	-0.44%
MMSI	C	-0.44%
CPB	C	-0.43%
KR	D	-0.43%
ED	C	-0.43%
SPNT	B	-0.43%
CXW	D	-0.43%
EVRG	C	-0.43%
CALM	B	-0.43%
IRDM	D	-0.43%
EG	C	-0.43%
CB	C	-0.43%
MKC	D	-0.43%
KMB	C	-0.43%
XOM	D	-0.43%
CVX	B	-0.43%
ITGR	B	-0.43%
MCK	B	-0.43%
VRSK	B	-0.43%
PPL	B	-0.43%
CL	B	-0.43%
SPTN	C	-0.42%
HSTM	C	-0.42%
RGR	F	-0.42%
ELV	C	-0.42%
ARMK	C	-0.42%
LLY	A	-0.42%
AMED	A	-0.42%
PG	B	-0.42%
WING	B	-0.42%
PGR	D	-0.42%
CHD	C	-0.42%
KO	B	-0.42%
CNP	B	-0.42%
OLLI	C	-0.42%
MRK	C	-0.42%
WM	D	-0.41%
GTY	D	-0.41%
REGN	B	-0.41%
PSMT	C	-0.41%
NOC	D	-0.41%
DTE	B	-0.41%
KHC	D	-0.41%
RSG	D	-0.41%
TGNA	C	-0.41%
CMS	B	-0.41%
T	B	-0.41%
NTCT	D	-0.4%
AEE	D	-0.4%
ATO	F	-0.4%
THS	F	-0.4%
CME	D	-0.4%
SCHL	C	-0.4%
MASI	D	-0.4%
JBSS	D	-0.4%
EZPW	D	-0.4%
HQY	D	-0.4%
HCI	D	-0.4%
PCRX	D	-0.4%
TMUS	A	-0.4%
MGEE	C	-0.4%
NPK	F	-0.4%
PRGO	F	-0.4%
UTL	C	-0.4%
WEC	D	-0.4%
VZ	D	-0.4%
HSIC	D	-0.39%
MDLZ	D	-0.39%
HMN	D	-0.39%
DFIN	C	-0.39%
MORN	D	-0.39%
FDP	F	-0.39%
NABL	F	-0.39%
SAFT	D	-0.39%
CNC	D	-0.39%
MDT	C	-0.39%
BRBR	C	-0.39%
BDX	F	-0.39%
SJW	D	-0.39%
NWN	F	-0.39%
PSX	D	-0.39%
CBOE	C	-0.39%
UVV	D	-0.38%
JNPR	D	-0.38%
ANIP	D	-0.38%
COLL	D	-0.38%
WRB	D	-0.38%
AIZ	D	-0.38%
TR	F	-0.38%
ERIE	D	-0.38%
GILD	F	-0.37%
PINC	F	-0.37%
WDFC	F	-0.37%
ORLY	F	-0.37%
EIG	D	-0.37%
WTW	D	-0.37%
SYY	F	-0.37%
JNJ	F	-0.37%
SAM	F	-0.36%
MCD	F	-0.36%
AON	F	-0.36%
CRC	F	-0.36%
MANH	D	-0.36%
FIZZ	F	-0.36%
DVAX	D	-0.36%
TAP	F	-0.35%
MOH	F	-0.35%
VREX	F	-0.35%
NEU	F	-0.35%
ABBV	F	-0.35%
ABT	F	-0.35%
LW	D	-0.35%
CAH	F	-0.35%
CLX	F	-0.35%
ALKS	F	-0.34%
AMSF	F	-0.34%
MCS	F	-0.31%
CVS	F	-0.3%
KNSL	F	-0.29%
ULTA	F	-0.28%
OSUR	F	-0.28%