HSMV vs. VUSE ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Vident Core US Equity ETF (VUSE)

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

$33.33

Average Daily Volume

1,027

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

VUSE

Vident Core US Equity ETF

VUSE Description

The investment seeks to track the price and total return performance, before fees and expenses, of the Vident Core U.S. Equity Index (the "Strategy Index"). Under normal circumstances, at least 80% of the fund's total assets will be invested in the component securities of the Strategy Index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. Strategy Index construction begins by establishing an initial universe of U.S. equity securities of companies with a market capitalization greater than $500 million and meeting certain minimum liquidity requirements.

Grade (RS Rating)

Last Trade

$53.83

Average Daily Volume

15,626

Number of Holdings ^*

125

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	VUSE
30 Days	-0.93%	1.20%
60 Days	1.63%	2.96%
90 Days	-1.31%	-0.22%
12 Months	10.37%	17.62%

11 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in VUSE	Overlap
AFG	D	0.5%	0.43%	0.43%
FHI	C	0.49%	0.44%	0.44%
GGG	D	0.49%	0.49%	0.49%
ITT	D	0.5%	0.63%	0.5%
LSTR	B	0.52%	0.45%	0.45%
MTG	B	0.51%	0.66%	0.51%
NFG	C	0.51%	0.54%	0.51%
NYT	B	0.58%	0.64%	0.58%
RLI	D	0.5%	0.47%	0.47%
RS	D	0.49%	0.09%	0.09%
SEIC	C	0.5%	0.24%	0.24%

HSMV Overweight 185 Positions Relative to VUSE

Symbol	Grade	Weight
CUBE	B	0.7%
LXP	B	0.68%
IDCC	B	0.67%
BJ	A	0.67%
GMED	A	0.66%
UTHR	A	0.65%
LFUS	C	0.63%
EVR	B	0.62%
EME	B	0.61%
CSL	B	0.61%
CPK	D	0.61%
JJSF	B	0.61%
SWX	C	0.6%
CVLT	A	0.6%
NBIX	C	0.59%
CLH	A	0.59%
CASY	B	0.59%
SNX	C	0.57%
HRB	A	0.57%
MUSA	A	0.57%
LANC	D	0.57%
PLXS	C	0.57%
BCPC	B	0.56%
NVT	C	0.56%
LII	B	0.56%
NSIT	B	0.56%
KEX	B	0.55%
TTEK	B	0.55%
KFY	B	0.55%
DTM	A	0.55%
CW	B	0.55%
PRI	B	0.55%
RGA	B	0.55%
VRRM	B	0.55%
MTN	F	0.55%
EXP	D	0.55%
FAF	D	0.55%
JHG	B	0.54%
AIN	D	0.54%
OHI	A	0.54%
JEF	B	0.54%
TXRH	A	0.54%
CACI	A	0.54%
ADC	B	0.54%
WU	D	0.54%
MMS	B	0.54%
ESNT	B	0.53%
NNN	B	0.53%
COLM	C	0.53%
VOYA	B	0.53%
NMIH	B	0.53%
INVA	B	0.53%
AVT	B	0.53%
EFC	B	0.53%
EGP	C	0.53%
EPC	B	0.53%
ALE	B	0.53%
GATX	C	0.53%
BRX	B	0.52%
OGE	C	0.52%
EHC	B	0.52%
SBRA	A	0.52%
SFM	A	0.52%
LOPE	D	0.52%
WERN	F	0.52%
AM	A	0.52%
FCPT	B	0.52%
ENSG	B	0.52%
MAT	F	0.52%
ASH	C	0.52%
USFD	A	0.52%
FR	C	0.52%
ACHC	D	0.52%
GLPI	C	0.52%
STAG	C	0.52%
ELS	C	0.52%
EPRT	B	0.52%
RPM	C	0.52%
COOP	C	0.52%
AMH	B	0.51%
ATR	C	0.51%
RDN	B	0.51%
AWR	D	0.51%
RYN	C	0.51%
FSS	D	0.51%
CNO	C	0.51%
AGCO	F	0.51%
SF	B	0.51%
MDU	A	0.51%
IOSP	D	0.51%
INGR	D	0.51%
WTRG	C	0.51%
CTRE	C	0.51%
ORI	C	0.51%
FLS	C	0.51%
MSA	C	0.5%
PCH	F	0.5%
CHH	B	0.5%
PECO	C	0.5%
VVV	B	0.5%
EPR	C	0.5%
SCI	B	0.5%
PFGC	C	0.5%
DLB	F	0.5%
MCRI	C	0.5%
AGO	C	0.5%
WPC	D	0.5%
GPK	C	0.5%
SON	D	0.5%
G	D	0.5%
CWT	D	0.5%
DCI	D	0.5%
BKH	C	0.49%
IDA	D	0.49%
MSGS	C	0.49%
AMG	C	0.49%
REXR	C	0.49%
NJR	C	0.49%
MIDD	D	0.49%
FNF	D	0.49%
PNM	D	0.49%
EXEL	B	0.49%
KBR	C	0.49%
PRGS	F	0.49%
WH	C	0.49%
ARW	C	0.49%
NWE	D	0.49%
GNTX	D	0.49%
POR	C	0.49%
MAN	D	0.48%
FELE	D	0.48%
ACM	C	0.48%
CHE	D	0.48%
SR	C	0.48%
AVA	D	0.48%
VNT	D	0.48%
BWXT	B	0.48%
POST	C	0.48%
HXL	D	0.47%
ROIC	D	0.47%
SLGN	D	0.47%
KNX	C	0.47%
THG	D	0.47%
CHDN	A	0.47%
TNC	D	0.47%
WTS	D	0.47%
OGS	D	0.47%
RNR	B	0.47%
UNF	F	0.47%
CRI	F	0.46%
FLO	C	0.46%
OSK	D	0.46%
SIGI	F	0.46%
CBSH	C	0.46%
PBH	C	0.46%
MOG.A	C	0.46%
SAIC	D	0.45%
FNB	C	0.45%
ALV	D	0.45%
LAMR	B	0.45%
JAZZ	F	0.44%
R	B	0.43%
CRUS	A	0.43%
MSM	D	0.43%
EVTC	D	0.42%
WEN	F	0.42%
LECO	F	0.42%
ENR	C	0.41%
NSA	B	0.4%
RGLD	C	0.4%
ENOV	F	0.38%
AIR	C	0.38%
ORA	C	0.35%
IRT	A	0.35%
ABM	B	0.35%
PB	D	0.35%
GO	D	0.33%
EXPO	B	0.32%
ONB	C	0.3%
PDCO	D	0.3%
FCN	C	0.3%
BLKB	D	0.3%
CCOI	F	0.25%
PZZA	F	0.24%
LEG	F	0.19%

HSMV Underweight 114 Positions Relative to VUSE

Symbol	Grade	Weight
AVGO	C	-2.86%
AAPL	B	-2.33%
ADBE	C	-2.3%
MSFT	A	-2.14%
AMZN	B	-2.14%
JPM	B	-2.09%
XOM	C	-2.05%
KO	A	-2.01%
NVDA	C	-1.98%
CVX	C	-1.95%
MRK	A	-1.94%
PEP	C	-1.93%
V	C	-1.88%
MA	C	-1.86%
HD	C	-1.85%
UNH	D	-1.82%
JNJ	F	-1.77%
PG	A	-1.61%
CMG	B	-1.56%
AMAT	B	-1.51%
BKNG	A	-1.38%
MCHP	D	-1.35%
SNPS	B	-1.31%
CDNS	B	-1.3%
KLAC	B	-1.24%
TJX	A	-1.09%
MO	A	-1.07%
T	A	-1.03%
TSLA	C	-0.99%
CAT	C	-0.98%
PAYX	B	-0.98%
ORLY	B	-0.97%
CRM	D	-0.93%
CSCO	C	-0.92%
DIS	C	-0.92%
LRCX	B	-0.91%
UBER	B	-0.88%
FTNT	F	-0.88%
ZTS	C	-0.85%
NFLX	B	-0.85%
SBUX	F	-0.83%
MCD	D	-0.83%
EOG	C	-0.8%
BMY	D	-0.78%
CORT	B	-0.78%
HCC	D	-0.69%
ABBV	B	-0.67%
VRSK	A	-0.67%
ITW	D	-0.67%
NKE	C	-0.66%
META	B	-0.66%
CARG	B	-0.65%
IDXX	D	-0.64%
VST	B	-0.64%
YELP	F	-0.62%
CTAS	A	-0.62%
MSCI	C	-0.62%
FICO	A	-0.61%
GWW	D	-0.59%
IT	B	-0.59%
EQH	A	-0.57%
COST	B	-0.57%
BRC	B	-0.56%
RMBS	F	-0.56%
TREX	F	-0.55%
DFIN	C	-0.55%
ATKR	F	-0.55%
CRWD	A	-0.54%
CBOE	D	-0.53%
IBOC	C	-0.52%
ZION	C	-0.52%
AMP	A	-0.52%
MANH	B	-0.52%
DT	F	-0.51%
PLAB	F	-0.5%
STLD	D	-0.49%
WTM	B	-0.49%
ODFL	D	-0.48%
QLYS	D	-0.47%
EA	B	-0.47%
RAMP	D	-0.45%
SHO	D	-0.45%
WST	F	-0.45%
TTD	A	-0.45%
IRDM	F	-0.45%
FAST	D	-0.44%
ANET	B	-0.44%
FFIN	D	-0.44%
EXPI	F	-0.43%
TGNA	D	-0.43%
AMR	F	-0.42%
EXLS	C	-0.4%
LSCC	F	-0.39%
ALGN	F	-0.36%
MSI	A	-0.36%
TBBK	C	-0.34%
WNC	D	-0.34%
TMUS	B	-0.33%
PANW	B	-0.32%
HST	D	-0.3%
OTTR	D	-0.26%
AOS	D	-0.25%
SCCO	C	-0.24%
ERIE	C	-0.23%
PINS	A	-0.2%
DBRG	D	-0.17%
WIRE	B	-0.16%
MEDP	B	-0.16%
NUE	F	-0.15%
DOCS	C	-0.12%
LNTH	B	-0.12%
APLE	D	-0.09%
CMCSA	D	-0.09%
SIRI	F	-0.07%