SMMV vs. HSMV ETF Comparison

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

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

$43.55

Average Daily Volume

37,673

Number of Holdings ^*

289

* may have additional holdings in another (foreign) market

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

$38.09

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	SMMV	HSMV
30 Days	5.88%	3.72%
60 Days	7.08%	5.02%
90 Days	8.51%	5.82%
12 Months	28.57%	26.13%

63 Overlapping Holdings

Symbol	Grade	Weight in SMMV	Weight in HSMV	Overlap
ADC	A	1.45%	1.29%	1.29%
AM	A	0.36%	1.19%	0.36%
ASH	F	0.23%	0.36%	0.23%
ATR	B	1.49%	2.16%	1.49%
AVA	A	0.2%	0.72%	0.2%
AVT	C	0.34%	0.5%	0.34%
AWR	B	0.19%	0.72%	0.19%
BJ	A	0.73%	0.37%	0.37%
BLKB	B	0.14%	0.42%	0.14%
BWXT	B	0.78%	0.47%	0.47%
CACI	D	0.81%	1.62%	0.81%
CASY	A	0.79%	0.25%	0.25%
CHE	D	1.32%	1.15%	1.15%
CHH	A	0.19%	0.55%	0.19%
CPK	A	0.07%	0.64%	0.07%
CTRE	C	0.65%	1.53%	0.65%
CW	C	0.71%	0.72%	0.71%
CWT	C	0.16%	0.51%	0.16%
DCI	B	0.31%	1.34%	0.31%
DLB	B	0.81%	0.88%	0.81%
DTM	A	1.14%	1.97%	1.14%
EHC	B	1.08%	0.92%	0.92%
ENSG	C	1.06%	0.75%	0.75%
EXEL	B	1.73%	0.39%	0.39%
FCN	F	0.61%	0.5%	0.5%
FLO	D	0.82%	1.12%	0.82%
GNTX	C	0.9%	0.98%	0.9%
GPK	C	0.11%	0.36%	0.11%
HRB	D	0.47%	0.26%	0.26%
IDA	A	1.12%	1.59%	1.12%
IDCC	B	0.31%	0.77%	0.31%
INGR	C	0.72%	1.74%	0.72%
JAZZ	B	0.42%	0.35%	0.35%
JJSF	C	0.47%	0.33%	0.33%
KBR	F	0.42%	0.91%	0.42%
LANC	C	0.32%	0.49%	0.32%
LOPE	C	0.69%	0.76%	0.69%
LSTR	D	0.81%	0.78%	0.78%
MDU	D	0.59%	0.61%	0.59%
MMS	F	0.23%	1.01%	0.23%
MSA	F	0.44%	0.81%	0.44%
MSGS	A	0.64%	1.41%	0.64%
MSM	C	0.57%	0.47%	0.47%
MUSA	B	1.6%	0.46%	0.46%
NJR	A	0.24%	1.19%	0.24%
NWE	B	0.64%	1.09%	0.64%
NYT	D	0.4%	0.97%	0.4%
OGE	A	1.16%	1.57%	1.16%
OGS	A	0.14%	0.69%	0.14%
OHI	C	0.6%	1.11%	0.6%
ORI	A	1.57%	1.69%	1.57%
PBH	A	0.77%	0.74%	0.74%
PLXS	B	0.11%	0.27%	0.11%
POR	C	0.49%	1.06%	0.49%
POST	C	0.77%	1.53%	0.77%
PRGS	A	0.51%	0.59%	0.51%
RGA	A	1.11%	0.65%	0.65%
RGLD	C	1.39%	0.33%	0.33%
RLI	A	1.25%	1.38%	1.25%
RNR	C	0.93%	0.66%	0.66%
SAIC	F	0.25%	0.44%	0.25%
SCI	B	0.25%	0.61%	0.25%
SLGN	A	0.14%	0.66%	0.14%

SMMV Overweight 226 Positions Relative to HSMV

Symbol	Grade	Weight
AXS	A	1.32%
HQY	A	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	A	0.91%
PSN	D	0.87%
TXNM	A	0.75%
NEU	D	0.75%
CALM	A	0.72%
ALKS	C	0.71%
LRN	A	0.7%
RYAN	A	0.69%
PAGP	A	0.68%
TKO	A	0.66%
CCOI	B	0.66%
BRC	D	0.63%
TXRH	B	0.62%
WEN	D	0.6%
VNOM	A	0.59%
CCCS	B	0.59%
INSM	C	0.58%
GHC	B	0.58%
AMED	F	0.56%
IBKR	A	0.54%
HESM	B	0.54%
PINC	B	0.51%
TGNA	B	0.5%
VIRT	A	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	B	0.46%
IONS	F	0.45%
CSWI	B	0.45%
WERN	C	0.45%
SON	F	0.43%
HURN	C	0.42%
KNTK	A	0.42%
EQC	B	0.4%
HLI	A	0.38%
MCY	A	0.38%
ADUS	D	0.37%
CWST	A	0.35%
PRDO	B	0.35%
XENE	D	0.34%
BATRK	D	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	F	0.32%
BHE	C	0.32%
SKWD	A	0.32%
INSW	F	0.31%
SMPL	B	0.31%
SNX	D	0.31%
CORT	B	0.3%
USLM	A	0.3%
GO	C	0.3%
NSIT	F	0.3%
GPOR	B	0.3%
PDCO	F	0.3%
DVAX	C	0.29%
WT	A	0.28%
DBX	B	0.28%
MIRM	B	0.28%
HWKN	B	0.28%
CRNX	C	0.27%
VVV	D	0.27%
EIG	B	0.26%
ALE	A	0.26%
CRAI	C	0.25%
YELP	C	0.25%
OSW	B	0.25%
IDYA	F	0.24%
OLLI	D	0.24%
PPC	C	0.24%
SAFT	B	0.24%
WABC	B	0.22%
INVA	D	0.21%
ADMA	B	0.21%
AMSF	B	0.21%
NTST	C	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	F	0.18%
NTCT	C	0.18%
ATEN	A	0.18%
COLL	F	0.18%
KRP	B	0.18%
CNX	A	0.17%
SPNT	B	0.17%
ARCH	B	0.16%
CNXN	C	0.16%
HCC	B	0.16%
KNSA	F	0.16%
CXW	C	0.16%
WMK	C	0.16%
PRGO	C	0.15%
CIEN	C	0.15%
ICFI	F	0.15%
IRON	B	0.15%
IDT	B	0.15%
DJCO	B	0.14%
VVX	C	0.14%
JBSS	F	0.14%
HCKT	B	0.14%
HSTM	B	0.14%
ATGE	B	0.14%
GTX	C	0.13%
RGR	F	0.13%
REX	D	0.13%
LBTYK	A	0.13%
KRYS	C	0.13%
ZYME	C	0.13%
LMAT	A	0.12%
UVE	B	0.12%
HALO	F	0.12%
SPTN	D	0.12%
SMP	C	0.12%
VREX	B	0.11%
LQDT	B	0.11%
USM	B	0.11%
LTC	B	0.11%
ACLX	C	0.11%
NTNX	B	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	B	0.1%
ACEL	C	0.1%
EBF	F	0.1%
NABL	F	0.1%
UFCS	A	0.1%
TIPT	C	0.09%
CRVL	B	0.09%
GWRE	A	0.09%
GEO	B	0.09%
HCI	C	0.09%
EPAC	C	0.09%
YORW	F	0.09%
SPRY	C	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	C	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	B	0.08%
CEIX	A	0.08%
IMAX	B	0.07%
SR	A	0.07%
BOX	B	0.07%
CNSL	C	0.07%
SENEA	A	0.07%
TBPH	B	0.07%
LQDA	F	0.07%
ATEX	F	0.07%
THS	D	0.07%
OSIS	A	0.07%
WINA	C	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	B	0.06%
UTI	B	0.06%
CCRN	F	0.06%
ACT	C	0.06%
ACHC	F	0.06%
IRMD	C	0.05%
ADEA	C	0.05%
IMNM	F	0.05%
SCHL	F	0.05%
METC	C	0.05%
ACAD	C	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	D	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%

SMMV Underweight 84 Positions Relative to HSMV

Symbol	Grade	Weight
SEIC	B	-1.86%
FHI	B	-1.23%
AMH	C	-1.21%
NFG	A	-1.14%
AFG	A	-1.08%
GGG	B	-1.02%
NNN	C	-0.99%
GLPI	C	-0.96%
BKH	A	-0.87%
FCPT	C	-0.82%
ELS	C	-0.81%
CBSH	B	-0.81%
EPR	C	-0.79%
PRI	B	-0.76%
EFC	C	-0.75%
PECO	A	-0.73%
SF	B	-0.73%
CDP	C	-0.67%
ESNT	F	-0.66%
RPM	A	-0.66%
JHG	B	-0.65%
AGO	B	-0.64%
EGP	D	-0.63%
EPRT	B	-0.63%
AMG	B	-0.62%
SBRA	C	-0.58%
FELE	B	-0.57%
ACM	B	-0.57%
GATX	A	-0.56%
COLM	C	-0.55%
RS	B	-0.55%
MTG	C	-0.54%
NMIH	C	-0.54%
BCPC	B	-0.53%
FLS	B	-0.52%
FNF	B	-0.49%
EPC	F	-0.49%
BRX	A	-0.47%
ARW	D	-0.46%
CHDN	B	-0.45%
JEF	A	-0.45%
PFGC	B	-0.45%
CNO	B	-0.44%
PB	B	-0.44%
FR	D	-0.44%
LAMR	C	-0.43%
ENR	B	-0.42%
RYN	D	-0.41%
CLH	C	-0.4%
RDN	D	-0.39%
ITT	A	-0.38%
FNB	A	-0.38%
FAF	A	-0.38%
ABM	B	-0.37%
EVR	B	-0.36%
G	B	-0.36%
IOSP	C	-0.36%
LXP	D	-0.35%
COOP	B	-0.35%
LECO	C	-0.35%
CSL	C	-0.33%
MAN	F	-0.32%
ONB	C	-0.32%
KEX	B	-0.31%
R	B	-0.3%
OSK	C	-0.29%
MTN	C	-0.29%
ALV	C	-0.29%
KFY	B	-0.29%
AGCO	D	-0.29%
MIDD	C	-0.28%
EVTC	B	-0.28%
ORA	B	-0.27%
LFUS	D	-0.25%
LII	A	-0.25%
CUBE	C	-0.24%
AIN	C	-0.24%
HXL	F	-0.23%
FSS	B	-0.23%
IRT	A	-0.22%
CRI	F	-0.21%
PCH	F	-0.19%
REXR	F	-0.19%
NSA	C	-0.13%