HSMV vs. SMMV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$44.00

Average Daily Volume

37,615

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SMMV
30 Days	4.88%	7.13%
60 Days	5.46%	7.74%
90 Days	6.96%	9.63%
12 Months	27.49%	29.90%

63 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SMMV	Overlap
ADC	B	1.34%	1.45%	1.34%
AM	A	1.21%	0.36%	0.36%
ASH	D	0.36%	0.23%	0.23%
ATR	B	2.09%	1.49%	1.49%
AVA	A	0.76%	0.2%	0.2%
AVT	C	0.49%	0.34%	0.34%
AWR	B	0.72%	0.19%	0.19%
BJ	A	0.36%	0.73%	0.36%
BLKB	B	0.41%	0.14%	0.14%
BWXT	B	0.48%	0.78%	0.48%
CACI	D	1.29%	0.81%	0.81%
CASY	A	0.26%	0.79%	0.26%
CHE	D	1.16%	1.32%	1.16%
CHH	A	0.56%	0.19%	0.19%
CPK	A	0.67%	0.07%	0.07%
CTRE	D	1.54%	0.65%	0.65%
CW	B	0.67%	0.71%	0.67%
CWT	D	0.51%	0.16%	0.16%
DCI	B	1.33%	0.31%	0.31%
DLB	B	0.85%	0.81%	0.81%
DTM	B	2.06%	1.14%	1.14%
EHC	B	0.9%	1.08%	0.9%
ENSG	D	0.73%	1.06%	0.73%
EXEL	B	0.38%	1.73%	0.38%
FCN	D	0.49%	0.61%	0.49%
FLO	D	1.17%	0.82%	0.82%
GNTX	C	0.99%	0.9%	0.9%
GPK	C	0.36%	0.11%	0.11%
HRB	D	0.26%	0.47%	0.26%
IDA	A	1.65%	1.12%	1.12%
IDCC	A	0.77%	0.31%	0.31%
INGR	B	1.65%	0.72%	0.72%
JAZZ	B	0.33%	0.42%	0.33%
JJSF	B	0.31%	0.47%	0.31%
KBR	F	0.75%	0.42%	0.42%
LANC	C	0.46%	0.32%	0.32%
LOPE	B	0.74%	0.69%	0.69%
LSTR	D	0.76%	0.81%	0.76%
MDU	D	0.64%	0.59%	0.59%
MMS	F	0.89%	0.23%	0.23%
MSA	D	0.8%	0.44%	0.44%
MSGS	A	1.4%	0.64%	0.64%
MSM	C	0.44%	0.57%	0.44%
MUSA	A	0.47%	1.6%	0.47%
NJR	A	1.24%	0.24%	0.24%
NWE	B	1.13%	0.64%	0.64%
NYT	C	0.95%	0.4%	0.4%
OGE	B	1.59%	1.16%	1.16%
OGS	A	0.72%	0.14%	0.14%
OHI	C	1.08%	0.6%	0.6%
ORI	A	1.76%	1.57%	1.57%
PBH	A	0.76%	0.77%	0.76%
PLXS	B	0.27%	0.11%	0.11%
POR	C	1.07%	0.49%	0.49%
POST	C	1.56%	0.77%	0.77%
PRGS	A	0.58%	0.51%	0.51%
RGA	A	0.67%	1.11%	0.67%
RGLD	C	0.34%	1.39%	0.34%
RLI	B	1.42%	1.25%	1.25%
RNR	C	0.67%	0.93%	0.67%
SAIC	F	0.35%	0.25%	0.25%
SCI	B	0.62%	0.25%	0.25%
SLGN	A	0.68%	0.14%	0.14%

HSMV Overweight 84 Positions Relative to SMMV

Symbol	Grade	Weight
SEIC	B	1.89%
FHI	A	1.26%
AMH	D	1.24%
NFG	A	1.18%
AFG	A	1.08%
GGG	B	1.06%
NNN	D	1.01%
GLPI	C	0.99%
BKH	A	0.9%
FCPT	C	0.86%
CBSH	A	0.83%
ELS	C	0.81%
EPR	D	0.79%
PRI	A	0.78%
EFC	C	0.76%
PECO	A	0.74%
SF	B	0.72%
RPM	A	0.68%
AGO	B	0.67%
ESNT	D	0.67%
JHG	A	0.66%
EPRT	B	0.65%
AMG	B	0.63%
CDP	C	0.63%
EGP	F	0.63%
ACM	A	0.57%
FELE	B	0.56%
GATX	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%
FLS	B	0.52%
FNF	B	0.51%
EPC	D	0.49%
BRX	A	0.48%
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%
RDN	C	0.4%
FAF	A	0.4%
FNB	A	0.38%
ITT	A	0.38%
CLH	B	0.38%
ABM	B	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	B	0.35%
LXP	D	0.34%
EVR	B	0.34%
LECO	B	0.34%
CSL	C	0.33%
MAN	D	0.32%
KEX	C	0.31%
AGCO	D	0.31%
ONB	B	0.31%
R	B	0.3%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	B	0.28%
ORA	B	0.27%
LII	A	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%
CRI	D	0.21%
REXR	F	0.2%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 226 Positions Relative to SMMV

Symbol	Grade	Weight
AXS	A	-1.32%
HQY	B	-1.23%
UNM	A	-1.16%
SIGI	C	-1.14%
CVLT	B	-1.12%
THG	A	-1.11%
SFM	A	-1.07%
WTM	A	-0.93%
PNW	B	-0.91%
PSN	D	-0.87%
TXNM	A	-0.75%
NEU	C	-0.75%
CALM	A	-0.72%
ALKS	B	-0.71%
LRN	A	-0.7%
RYAN	B	-0.69%
PAGP	A	-0.68%
TKO	B	-0.66%
CCOI	B	-0.66%
BRC	D	-0.63%
TXRH	C	-0.62%
WEN	D	-0.6%
VNOM	A	-0.59%
CCCS	B	-0.59%
INSM	C	-0.58%
GHC	C	-0.58%
AMED	F	-0.56%
IBKR	A	-0.54%
HESM	B	-0.54%
PINC	B	-0.51%
TGNA	B	-0.5%
VIRT	B	-0.5%
FCFS	F	-0.49%
CWAN	B	-0.48%
DRS	B	-0.47%
LAUR	A	-0.47%
PCVX	D	-0.47%
ECG	C	-0.46%
ESGR	B	-0.46%
MGEE	C	-0.46%
IONS	F	-0.45%
CSWI	A	-0.45%
WERN	C	-0.45%
SON	D	-0.43%
HURN	B	-0.42%
KNTK	B	-0.42%
EQC	B	-0.4%
HLI	B	-0.38%
MCY	A	-0.38%
ADUS	D	-0.37%
CWST	A	-0.35%
PRDO	B	-0.35%
XENE	D	-0.34%
BATRK	C	-0.34%
REYN	D	-0.33%
AGX	B	-0.33%
UNF	B	-0.33%
MGRC	B	-0.33%
NHC	C	-0.33%
AVPT	A	-0.33%
HMN	B	-0.33%
SNDR	B	-0.32%
VRRM	D	-0.32%
BHE	B	-0.32%
SKWD	A	-0.32%
INSW	F	-0.31%
SMPL	B	-0.31%
SNX	C	-0.31%
CORT	B	-0.3%
USLM	A	-0.3%
GO	C	-0.3%
NSIT	F	-0.3%
GPOR	B	-0.3%
PDCO	D	-0.3%
DVAX	C	-0.29%
WT	B	-0.28%
DBX	B	-0.28%
MIRM	B	-0.28%
HWKN	B	-0.28%
CRNX	C	-0.27%
VVV	F	-0.27%
EIG	B	-0.26%
ALE	A	-0.26%
CRAI	B	-0.25%
YELP	C	-0.25%
OSW	A	-0.25%
IDYA	F	-0.24%
OLLI	D	-0.24%
PPC	C	-0.24%
SAFT	C	-0.24%
WABC	B	-0.22%
INVA	D	-0.21%
ADMA	B	-0.21%
AMSF	B	-0.21%
NTST	D	-0.2%
PJT	A	-0.2%
OPCH	D	-0.19%
IMKTA	C	-0.19%
EDR	A	-0.19%
SWX	B	-0.18%
BFC	B	-0.18%
RARE	D	-0.18%
NTCT	C	-0.18%
ATEN	B	-0.18%
COLL	F	-0.18%
KRP	B	-0.18%
CNX	A	-0.17%
SPNT	A	-0.17%
ARCH	B	-0.16%
CNXN	C	-0.16%
HCC	B	-0.16%
KNSA	F	-0.16%
CXW	B	-0.16%
WMK	C	-0.16%
PRGO	B	-0.15%
CIEN	B	-0.15%
ICFI	F	-0.15%
IRON	B	-0.15%
IDT	B	-0.15%
DJCO	B	-0.14%
VVX	C	-0.14%
JBSS	D	-0.14%
HCKT	B	-0.14%
HSTM	B	-0.14%
ATGE	B	-0.14%
GTX	D	-0.13%
RGR	F	-0.13%
REX	D	-0.13%
LBTYK	A	-0.13%
KRYS	B	-0.13%
ZYME	C	-0.13%
LMAT	A	-0.12%
UVE	B	-0.12%
HALO	F	-0.12%
SPTN	D	-0.12%
SMP	B	-0.12%
VREX	C	-0.11%
LQDT	B	-0.11%
USM	B	-0.11%
LTC	B	-0.11%
ACLX	C	-0.11%
NTNX	A	-0.11%
SHEN	F	-0.11%
CHCO	B	-0.11%
SNRE	D	-0.1%
MCS	B	-0.1%
AGIO	C	-0.1%
ALRM	C	-0.1%
DHIL	A	-0.1%
ACEL	C	-0.1%
EBF	F	-0.1%
NABL	F	-0.1%
UFCS	B	-0.1%
TIPT	B	-0.09%
CRVL	A	-0.09%
GWRE	A	-0.09%
GEO	B	-0.09%
HCI	C	-0.09%
EPAC	B	-0.09%
YORW	D	-0.09%
SPRY	D	-0.09%
IRWD	F	-0.09%
FC	F	-0.08%
DORM	B	-0.08%
EWTX	C	-0.08%
ANIP	F	-0.08%
NPK	B	-0.08%
TARS	B	-0.08%
ITCI	C	-0.08%
VITL	D	-0.08%
BBSI	B	-0.08%
KELYA	F	-0.08%
MATX	C	-0.08%
STRA	C	-0.08%
NTGR	B	-0.08%
FRPH	A	-0.08%
CEIX	A	-0.08%
IMAX	B	-0.07%
SR	A	-0.07%
BOX	B	-0.07%
CNSL	C	-0.07%
SENEA	B	-0.07%
TBPH	C	-0.07%
LQDA	D	-0.07%
ATEX	D	-0.07%
THS	D	-0.07%
OSIS	B	-0.07%
WINA	B	-0.07%
NRC	F	-0.06%
PBF	D	-0.06%
IMXI	B	-0.06%
COKE	C	-0.06%
CART	C	-0.06%
CLW	F	-0.06%
HG	C	-0.06%
RAMP	C	-0.06%
UTI	A	-0.06%
CCRN	F	-0.06%
ACT	D	-0.06%
ACHC	F	-0.06%
IRMD	C	-0.05%
ADEA	D	-0.05%
IMNM	F	-0.05%
SCHL	D	-0.05%
METC	C	-0.05%
ACAD	D	-0.05%
UTZ	D	-0.05%
AESI	B	-0.05%
KROS	D	-0.05%
CGON	F	-0.05%
USPH	B	-0.05%
SEB	F	-0.05%
RMR	F	-0.05%
BATRA	F	-0.05%
BTU	B	-0.05%
GNK	D	-0.04%
SWBI	C	-0.04%
DAWN	F	-0.04%
DK	C	-0.04%
TH	C	-0.04%
CGEM	F	-0.03%
MITK	C	-0.03%
ROG	D	-0.03%
ANAB	F	-0.03%
CRGX	F	-0.03%
ITOS	F	-0.02%