HSMV vs. AVMV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Avantis U.S. Mid Cap Value ETF (AVMV)

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

$38.42

Average Daily Volume

1,340

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

AVMV

Avantis U.S. Mid Cap Value ETF

AVMV Description

The fund invests primarily in a diverse group of U.S. mid cap companies across market sectors and industry groups. It seeks to achieve higher expected returns by selecting securities of companies with higher profitability and value characteristics, as well as smaller market capitalizations relative to others within the fund"s mid cap investment universe.

Grade (RS Rating)

Last Trade

$70.43

Average Daily Volume

7,214

Number of Holdings ^*

236

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	AVMV
30 Days	3.72%	7.26%
60 Days	5.02%	9.58%
90 Days	5.82%	11.08%
12 Months	26.13%	36.21%

36 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in AVMV	Overlap
AFG	A	1.08%	0.35%	0.35%
AGCO	D	0.31%	0.23%	0.23%
ALV	C	0.29%	0.28%	0.28%
AM	A	1.21%	0.18%	0.18%
ARW	D	0.45%	0.22%	0.22%
ATR	B	2.09%	0.39%	0.39%
BJ	A	0.36%	0.2%	0.2%
BWXT	B	0.48%	0.44%	0.44%
CASY	A	0.26%	0.58%	0.26%
CBSH	B	0.83%	0.24%	0.24%
CHDN	B	0.45%	0.17%	0.17%
CLH	C	0.38%	0.44%	0.38%
CSL	C	0.33%	0.94%	0.33%
DCI	B	1.33%	0.34%	0.34%
ENSG	C	0.73%	0.29%	0.29%
ESNT	F	0.67%	0.19%	0.19%
EVR	B	0.34%	0.21%	0.21%
GGG	B	1.06%	0.55%	0.55%
GPK	C	0.36%	0.27%	0.27%
INGR	C	1.65%	0.32%	0.32%
JAZZ	B	0.33%	0.3%	0.3%
LECO	C	0.34%	0.42%	0.34%
LII	A	0.26%	0.84%	0.26%
LSTR	D	0.76%	0.27%	0.27%
MSM	C	0.44%	0.07%	0.07%
MTG	C	0.55%	0.24%	0.24%
MUSA	B	0.47%	0.45%	0.45%
ORI	A	1.76%	0.32%	0.32%
PFGC	B	0.45%	0.33%	0.33%
PRI	B	0.78%	0.38%	0.38%
R	B	0.3%	0.36%	0.3%
RGA	A	0.67%	0.5%	0.5%
RPM	A	0.68%	0.65%	0.65%
RS	B	0.54%	0.69%	0.54%
SEIC	B	1.89%	0.11%	0.11%
SF	B	0.72%	0.37%	0.37%

HSMV Overweight 111 Positions Relative to AVMV

Symbol	Grade	Weight
DTM	A	2.06%
IDA	A	1.65%
OGE	A	1.59%
POST	C	1.56%
CTRE	C	1.54%
RLI	A	1.42%
MSGS	A	1.4%
ADC	A	1.34%
CACI	D	1.29%
FHI	B	1.26%
AMH	C	1.24%
NJR	A	1.24%
NFG	A	1.18%
FLO	D	1.17%
CHE	D	1.16%
NWE	B	1.13%
OHI	C	1.08%
POR	C	1.07%
NNN	C	1.01%
GNTX	C	0.99%
GLPI	C	0.99%
NYT	D	0.95%
BKH	A	0.9%
EHC	B	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
ELS	C	0.81%
MSA	F	0.8%
EPR	C	0.79%
IDCC	B	0.77%
AVA	A	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
LOPE	C	0.74%
AWR	B	0.72%
OGS	A	0.72%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
CW	C	0.67%
AGO	B	0.67%
JHG	B	0.66%
EPRT	B	0.65%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
EGP	D	0.63%
SCI	B	0.62%
PRGS	A	0.58%
ACM	B	0.57%
FELE	B	0.56%
GATX	A	0.56%
CHH	A	0.56%
SBRA	C	0.55%
COLM	C	0.55%
NMIH	C	0.55%
BCPC	B	0.53%
FLS	B	0.52%
CWT	C	0.51%
FNF	B	0.51%
EPC	F	0.49%
AVT	C	0.49%
FCN	F	0.49%
BRX	A	0.48%
LANC	C	0.46%
JEF	A	0.46%
FR	D	0.45%
PB	B	0.45%
CNO	B	0.44%
LAMR	C	0.43%
ENR	B	0.43%
RYN	D	0.42%
BLKB	B	0.41%
RDN	D	0.4%
FAF	A	0.4%
FNB	A	0.38%
ITT	A	0.38%
EXEL	B	0.38%
ASH	F	0.36%
ABM	B	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	C	0.35%
SAIC	F	0.35%
LXP	D	0.34%
RGLD	C	0.34%
MAN	F	0.32%
KEX	B	0.31%
JJSF	C	0.31%
ONB	C	0.31%
KFY	B	0.29%
MTN	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	C	0.28%
ORA	B	0.27%
PLXS	B	0.27%
HRB	D	0.26%
FSS	B	0.24%
LFUS	D	0.24%
CUBE	C	0.24%
AIN	C	0.24%
IRT	A	0.23%
HXL	F	0.22%
CRI	F	0.21%
REXR	F	0.2%
PCH	F	0.19%
NSA	C	0.13%

HSMV Underweight 200 Positions Relative to AVMV

Symbol	Grade	Weight
RCL	A	-2.24%
VST	A	-2.2%
URI	C	-1.93%
TRGP	A	-1.36%
HIG	B	-1.29%
UAL	A	-1.19%
CCL	A	-1.14%
PHM	D	-1.14%
ACGL	C	-1.13%
GLW	B	-1.12%
MTB	A	-1.12%
FITB	B	-1.08%
ON	D	-1.07%
RJF	A	-1.05%
DECK	A	-1.0%
BKR	A	-0.98%
EME	A	-0.97%
SYF	B	-0.95%
STLD	B	-0.91%
TPL	A	-0.88%
HBAN	A	-0.88%
PKG	A	-0.87%
STT	B	-0.86%
KR	B	-0.85%
TSCO	D	-0.84%
TROW	B	-0.83%
LYB	F	-0.83%
WSM	C	-0.81%
RF	A	-0.81%
DVN	F	-0.79%
OC	A	-0.78%
LPLA	A	-0.75%
JBL	C	-0.73%
EXPD	C	-0.72%
DRI	B	-0.72%
IP	A	-0.72%
ADM	D	-0.72%
NTRS	A	-0.69%
FLEX	B	-0.69%
NVR	D	-0.69%
CFG	B	-0.67%
TOL	B	-0.67%
SNA	A	-0.67%
DOW	F	-0.67%
BBY	D	-0.67%
CF	A	-0.65%
UTHR	C	-0.64%
DFS	B	-0.63%
EQT	B	-0.62%
EBAY	D	-0.62%
FSLR	F	-0.61%
MRO	B	-0.61%
CTRA	B	-0.6%
JBHT	C	-0.59%
MANH	D	-0.59%
EQH	C	-0.59%
FIX	A	-0.57%
WRB	A	-0.56%
SFM	A	-0.56%
VTRS	A	-0.56%
EWBC	A	-0.52%
SAIA	B	-0.52%
CVNA	B	-0.52%
SWKS	F	-0.5%
EG	C	-0.5%
POOL	C	-0.49%
L	A	-0.49%
FOXA	A	-0.48%
KMX	B	-0.46%
OVV	B	-0.46%
FTI	A	-0.45%
IDXX	F	-0.45%
ULTA	F	-0.44%
HAL	C	-0.43%
UNM	A	-0.42%
EXP	B	-0.42%
WBD	B	-0.42%
EMN	C	-0.42%
NCLH	B	-0.41%
TAP	C	-0.41%
AIT	B	-0.41%
MLI	B	-0.41%
WAL	B	-0.41%
TXRH	B	-0.4%
WMS	F	-0.4%
ZION	B	-0.38%
AYI	B	-0.38%
BALL	F	-0.38%
BURL	B	-0.37%
UFPI	C	-0.37%
KNSL	B	-0.37%
CMA	B	-0.36%
WBS	A	-0.36%
ALLY	C	-0.36%
X	B	-0.35%
DG	F	-0.33%
AOS	F	-0.33%
SSD	F	-0.32%
LNG	A	-0.32%
GL	C	-0.32%
FND	D	-0.32%
GPC	D	-0.3%
NUE	C	-0.3%
BWA	D	-0.3%
RHI	C	-0.3%
DKS	D	-0.29%
RRC	B	-0.29%
TPR	B	-0.29%
RL	C	-0.29%
WTFC	A	-0.29%
TREX	C	-0.28%
CFR	B	-0.28%
MKL	A	-0.28%
CMC	B	-0.28%
ATI	C	-0.27%
DLTR	F	-0.27%
FCNCA	A	-0.27%
PR	B	-0.27%
CNC	D	-0.27%
BLDR	D	-0.27%
AXS	A	-0.26%
LUV	C	-0.26%
FANG	C	-0.25%
MTDR	B	-0.25%
COKE	C	-0.25%
CLF	F	-0.24%
MOS	F	-0.24%
FOX	A	-0.24%
BPOP	C	-0.24%
UHAL	D	-0.24%
LULU	C	-0.24%
TMHC	C	-0.24%
THO	B	-0.23%
OMF	A	-0.23%
APA	D	-0.22%
NSIT	F	-0.22%
WFRD	D	-0.22%
FHN	A	-0.21%
GAP	C	-0.21%
CHX	C	-0.21%
BC	C	-0.21%
SM	B	-0.21%
LEA	F	-0.21%
SNX	D	-0.2%
BG	D	-0.2%
MUR	D	-0.19%
CHRD	D	-0.19%
MHK	D	-0.19%
PFG	D	-0.19%
CIVI	D	-0.18%
SON	F	-0.18%
OZK	B	-0.18%
AES	F	-0.18%
CHRW	B	-0.18%
FYBR	C	-0.18%
OLN	F	-0.18%
TKR	D	-0.17%
WLK	D	-0.17%
MGY	A	-0.16%
APTV	F	-0.16%
FAST	B	-0.16%
BYD	B	-0.15%
MTH	D	-0.15%
NEU	D	-0.15%
LVS	B	-0.15%
ANF	F	-0.14%
UHS	D	-0.13%
CROX	D	-0.13%
ENLC	A	-0.13%
AMKR	D	-0.12%
KEY	B	-0.12%
EL	F	-0.12%
PNFP	B	-0.11%
MKTX	D	-0.1%
BOKF	B	-0.09%
QLYS	B	-0.09%
HESM	B	-0.08%
AR	B	-0.08%
DDS	B	-0.06%
JKHY	D	-0.06%
CPNG	D	-0.05%
ACT	C	-0.04%
PII	F	-0.03%
SW	A	-0.03%
DAL	B	-0.03%
CNA	C	-0.03%
SSB	B	-0.02%
LNTH	D	-0.02%
CWEN	C	-0.02%
UHAL	D	-0.02%
CWEN	C	-0.01%
CACC	D	-0.01%
MLM	C	-0.01%
PTEN	C	-0.0%
NFE	D	-0.0%
FIZZ	C	-0.0%
VAL	F	-0.0%
DINO	D	-0.0%
ATKR	D	-0.0%
CLVT	D	-0.0%