HSMV vs. XSLV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to PowerShares S&P SmallCap Low Volatility Portfolio (XSLV)

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

XSLV

PowerShares S&P SmallCap Low Volatility Portfolio

XSLV Description

The PowerShares S&P SmallCap Low Volatility Portfolio (Fund) is based on the S&P SmallCap 600 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 120 out of 600 small-capitalization range securities from the S&P SmallCap 600 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$50.70

Average Daily Volume

18,390

Number of Holdings ^*

118

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	XSLV
30 Days	4.88%	6.98%
60 Days	5.46%	5.78%
90 Days	6.96%	7.09%
12 Months	27.49%	27.63%

28 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in XSLV	Overlap
AGO	B	0.67%	0.98%	0.67%
AIN	C	0.24%	0.64%	0.24%
AVA	A	0.76%	0.8%	0.76%
AWR	B	0.72%	0.92%	0.72%
BCPC	B	0.53%	0.89%	0.53%
COOP	B	0.35%	0.9%	0.35%
CPK	A	0.67%	0.86%	0.67%
CTRE	D	1.54%	1.1%	1.1%
CWT	D	0.51%	0.76%	0.51%
EFC	C	0.76%	0.83%	0.76%
EPC	D	0.49%	0.76%	0.49%
EPRT	B	0.65%	1.06%	0.65%
EVTC	B	0.28%	0.74%	0.28%
FCPT	C	0.86%	0.96%	0.86%
FELE	B	0.56%	1.0%	0.56%
FSS	B	0.24%	0.69%	0.24%
IDCC	A	0.77%	1.01%	0.77%
IOSP	B	0.35%	0.96%	0.35%
JJSF	B	0.31%	0.7%	0.31%
KFY	B	0.29%	0.86%	0.29%
LXP	D	0.34%	0.77%	0.34%
MSGS	A	1.4%	1.0%	1.0%
NMIH	D	0.55%	0.86%	0.55%
PBH	A	0.76%	1.0%	0.76%
PECO	A	0.74%	1.03%	0.74%
PLXS	B	0.27%	0.89%	0.27%
PRGS	A	0.58%	0.96%	0.58%
RDN	C	0.4%	0.82%	0.4%

HSMV Overweight 119 Positions Relative to XSLV

Symbol	Grade	Weight
ATR	B	2.09%
DTM	B	2.06%
SEIC	B	1.89%
ORI	A	1.76%
IDA	A	1.65%
INGR	B	1.65%
OGE	B	1.59%
POST	C	1.56%
RLI	B	1.42%
ADC	B	1.34%
DCI	B	1.33%
CACI	D	1.29%
FHI	A	1.26%
AMH	D	1.24%
NJR	A	1.24%
AM	A	1.21%
NFG	A	1.18%
FLO	D	1.17%
CHE	D	1.16%
NWE	B	1.13%
OHI	C	1.08%
AFG	A	1.08%
POR	C	1.07%
GGG	B	1.06%
NNN	D	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	C	0.95%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
DLB	B	0.85%
CBSH	A	0.83%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
PRI	A	0.78%
LSTR	D	0.76%
KBR	F	0.75%
LOPE	B	0.74%
ENSG	D	0.73%
OGS	A	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CW	B	0.67%
RGA	A	0.67%
ESNT	D	0.67%
JHG	A	0.66%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
EGP	F	0.63%
SCI	B	0.62%
ACM	A	0.57%
GATX	A	0.56%
CHH	A	0.56%
MTG	C	0.55%
SBRA	C	0.55%
COLM	B	0.55%
RS	B	0.54%
FLS	B	0.52%
FNF	B	0.51%
AVT	C	0.49%
FCN	D	0.49%
BRX	A	0.48%
BWXT	B	0.48%
MUSA	A	0.47%
LANC	C	0.46%
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%
MSM	C	0.44%
LAMR	D	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
FAF	A	0.4%
FNB	A	0.38%
ITT	A	0.38%
CLH	B	0.38%
EXEL	B	0.38%
ASH	D	0.36%
GPK	C	0.36%
ABM	B	0.36%
BJ	A	0.36%
G	B	0.35%
SAIC	F	0.35%
RGLD	C	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	D	0.32%
KEX	C	0.31%
AGCO	D	0.31%
ONB	B	0.31%
R	B	0.3%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
OSK	B	0.28%
ORA	B	0.27%
CASY	A	0.26%
LII	A	0.26%
HRB	D	0.26%
LFUS	F	0.24%
CUBE	D	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 90 Positions Relative to XSLV

Symbol	Grade	Weight
EIG	B	-1.17%
LTC	B	-1.11%
AMSF	B	-1.09%
RHI	B	-1.06%
HMN	B	-1.01%
SKT	B	-1.0%
MCRI	A	-1.0%
PJT	A	-0.99%
CHCO	B	-0.98%
PIPR	B	-0.98%
CASH	A	-0.98%
GTY	B	-0.97%
APOG	B	-0.96%
SAFT	C	-0.96%
AWI	A	-0.95%
TR	B	-0.95%
MLI	C	-0.95%
SHO	C	-0.94%
INVA	D	-0.94%
APLE	B	-0.93%
BSIG	A	-0.93%
ESE	B	-0.93%
PINC	B	-0.91%
NPK	B	-0.91%
UE	C	-0.91%
SNEX	B	-0.89%
ACA	A	-0.89%
BRC	D	-0.89%
HUBG	A	-0.88%
AKR	B	-0.88%
CPF	A	-0.87%
GTES	A	-0.87%
ALEX	C	-0.86%
MOG.A	B	-0.86%
BFS	C	-0.85%
WERN	C	-0.85%
NBHC	B	-0.85%
EPAC	B	-0.85%
MGY	A	-0.84%
FHB	A	-0.84%
WABC	B	-0.84%
MTX	B	-0.84%
AL	B	-0.84%
DRH	B	-0.84%
WSR	A	-0.84%
KAR	B	-0.84%
FDP	B	-0.83%
FUL	F	-0.83%
HSTM	B	-0.83%
KMT	B	-0.83%
UTL	B	-0.82%
PSMT	C	-0.82%
WT	B	-0.82%
NWBI	B	-0.82%
VRE	B	-0.8%
SXT	B	-0.8%
NWN	A	-0.8%
MMSI	B	-0.79%
GNW	A	-0.79%
SMPL	B	-0.78%
SNDR	B	-0.78%
FBP	B	-0.77%
OFG	B	-0.77%
FBRT	C	-0.77%
SHOO	D	-0.77%
HTH	B	-0.77%
NAVI	C	-0.76%
SJW	D	-0.76%
UNF	B	-0.75%
CNXN	C	-0.75%
MRTN	C	-0.74%
NHC	C	-0.74%
EZPW	A	-0.73%
CSR	B	-0.72%
ELME	D	-0.71%
AHH	D	-0.71%
TNC	D	-0.7%
DFIN	D	-0.7%
SPNT	A	-0.7%
USPH	B	-0.69%
ADUS	D	-0.68%
NVEE	F	-0.67%
UHT	D	-0.67%
RGR	F	-0.66%
SPTN	D	-0.65%
VRRM	D	-0.64%
NSIT	F	-0.64%
JBSS	D	-0.63%
NABL	F	-0.56%
KELYA	F	-0.55%