HSMV vs. BTAL ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to QuantShares U.S. Market Neutral Anti Beta Fund ETF (BTAL)

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

$36.41

Average Daily Volume

1,200

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

BTAL

QuantShares U.S. Market Neutral Anti Beta Fund ETF

BTAL Description

The investment seeks performance results that correspond to the price and yield performance, before fees and expenses, of the Dow Jones U.S. Thematic Market Neutral Anti-Beta Index. The fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in common stock, including the short positions, in the Target Anti-Beta Index. The Target Anti-Beta Index is a market neutral index that is dollar-neutral. As such, it identifies long and short securities positions of approximately equal dollar amounts. In choosing to track a market neutral index, the fund seeks to limit the effects of general market movements on the fund.

Grade (RS Rating)

Last Trade

$20.20

Average Daily Volume

566,186

Number of Holdings ^*

388

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	BTAL
30 Days	3.09%	0.20%
60 Days	3.71%	4.72%
90 Days	9.32%	4.34%
12 Months	19.61%	5.10%

51 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in BTAL	Overlap
ADC	B	0.63%	0.41%	0.41%
ARW	C	0.46%	0.38%	0.38%
AVT	D	0.47%	0.37%	0.37%
BWXT	D	0.47%	0.38%	0.38%
CACI	B	0.55%	0.41%	0.41%
CHE	C	0.48%	0.39%	0.39%
CHH	C	0.48%	0.39%	0.39%
CLH	B	0.58%	0.38%	0.38%
COLM	B	0.49%	0.4%	0.4%
CW	B	0.55%	0.37%	0.37%
DLB	D	0.41%	0.38%	0.38%
ELS	B	0.59%	0.42%	0.42%
EXP	A	0.57%	-0.39%	-0.39%
FCN	C	0.3%	0.4%	0.3%
FLO	C	0.45%	0.41%	0.41%
G	B	0.59%	0.39%	0.39%
GLPI	B	0.58%	0.41%	0.41%
HRB	C	0.64%	0.39%	0.39%
ITT	C	0.47%	-0.39%	-0.39%
JAZZ	D	0.39%	0.37%	0.37%
JHG	B	0.53%	-0.4%	-0.4%
KBR	D	0.44%	0.37%	0.37%
LAMR	A	0.46%	-0.41%	-0.41%
MAN	D	0.44%	0.38%	0.38%
MDU	B	0.48%	0.4%	0.4%
MSA	D	0.43%	0.37%	0.37%
MSM	D	0.4%	0.38%	0.38%
MUSA	B	0.58%	0.39%	0.39%
NVT	D	0.41%	-0.38%	-0.38%
NWE	A	0.52%	-0.41%	-0.41%
OHI	B	0.62%	0.41%	0.41%
ORI	B	0.56%	0.4%	0.4%
PFGC	B	0.49%	-0.39%	-0.39%
PNM	B	0.53%	0.41%	0.41%
RGA	B	0.52%	0.41%	0.41%
RLI	B	0.51%	0.41%	0.41%
RNR	B	0.51%	0.42%	0.42%
RYN	C	0.49%	-0.42%	-0.42%
SAIC	B	0.49%	0.41%	0.41%
SBRA	A	0.59%	0.41%	0.41%
SFM	B	0.63%	0.39%	0.39%
SIGI	C	0.42%	0.4%	0.4%
SLGN	B	0.5%	0.4%	0.4%
SNX	D	0.44%	0.36%	0.36%
THG	A	0.53%	0.42%	0.42%
TXRH	D	0.48%	0.39%	0.39%
USFD	A	0.53%	-0.4%	-0.4%
UTHR	C	0.68%	0.4%	0.4%
WEN	C	0.39%	0.4%	0.39%
WH	B	0.49%	0.4%	0.4%
WPC	B	0.53%	0.42%	0.42%

HSMV Overweight 145 Positions Relative to BTAL

Symbol	Grade	Weight
CUBE	A	0.78%
LXP	B	0.72%
IDCC	B	0.7%
CVLT	B	0.69%
CPK	A	0.67%
EVR	B	0.67%
FAF	A	0.64%
GMED	D	0.64%
PLXS	B	0.62%
NMIH	B	0.61%
ENSG	A	0.61%
JEF	B	0.61%
INVA	B	0.6%
FCPT	A	0.59%
BRX	B	0.59%
MTG	B	0.58%
FR	B	0.58%
CTRE	A	0.58%
EPRT	A	0.58%
AWR	B	0.57%
JJSF	D	0.57%
NNN	B	0.57%
CNO	B	0.57%
NYT	C	0.57%
TTEK	B	0.57%
BCPC	C	0.57%
PRI	B	0.56%
ESNT	B	0.56%
EGP	B	0.56%
DTM	B	0.56%
EXEL	A	0.56%
INGR	B	0.56%
STAG	B	0.55%
ACHC	C	0.55%
EPR	B	0.55%
BJ	D	0.55%
PECO	B	0.55%
EME	A	0.55%
FNF	B	0.55%
OGE	B	0.55%
CASY	C	0.55%
LFUS	D	0.55%
NFG	A	0.54%
ROIC	B	0.54%
SWX	C	0.54%
CSL	C	0.54%
KFY	B	0.54%
RDN	C	0.54%
EFC	A	0.54%
PRGS	B	0.54%
CWT	A	0.54%
REXR	C	0.53%
POR	A	0.53%
MAT	C	0.53%
LII	A	0.53%
UNF	B	0.53%
MCRI	C	0.52%
OGS	A	0.52%
SR	A	0.52%
VRRM	D	0.52%
WTRG	D	0.52%
SCI	A	0.52%
EHC	B	0.52%
MTN	D	0.52%
IDA	B	0.52%
COOP	B	0.52%
AMH	B	0.52%
BKH	A	0.52%
RPM	B	0.52%
AIN	F	0.51%
MSGS	B	0.51%
MMS	D	0.51%
ALE	B	0.51%
AVA	B	0.51%
POST	C	0.51%
NSIT	C	0.51%
NJR	A	0.51%
PCH	C	0.5%
LOPE	D	0.5%
WERN	D	0.5%
SF	B	0.5%
FHI	B	0.5%
GATX	C	0.5%
AFG	B	0.5%
GPK	A	0.5%
NBIX	D	0.5%
LANC	D	0.5%
LSTR	D	0.49%
VOYA	A	0.49%
MOG.A	B	0.49%
WU	F	0.49%
ATR	A	0.49%
AMG	C	0.49%
CBSH	B	0.49%
KEX	C	0.49%
KNX	C	0.48%
AM	B	0.48%
SEIC	C	0.48%
ACM	B	0.48%
PBH	B	0.48%
FSS	D	0.47%
MIDD	D	0.47%
CRI	C	0.47%
GGG	C	0.47%
EPC	F	0.46%
DCI	D	0.46%
FLS	D	0.46%
FNB	D	0.46%
AGO	C	0.46%
SON	C	0.45%
CHDN	B	0.45%
WTS	C	0.45%
RS	D	0.44%
FELE	D	0.44%
R	B	0.44%
VVV	D	0.43%
NSA	A	0.42%
CRUS	D	0.42%
AGCO	D	0.42%
RGLD	B	0.42%
HXL	F	0.42%
ASH	D	0.42%
PB	B	0.41%
TNC	D	0.41%
IOSP	D	0.41%
GNTX	F	0.4%
OSK	D	0.4%
ENR	D	0.39%
EVTC	D	0.39%
IRT	A	0.37%
ALV	F	0.37%
LECO	D	0.37%
VNT	D	0.37%
ENOV	F	0.34%
AIR	C	0.33%
ONB	C	0.32%
EXPO	B	0.32%
ABM	D	0.32%
ORA	C	0.32%
CCOI	C	0.31%
BLKB	B	0.3%
GO	F	0.25%
PDCO	D	0.23%
PZZA	D	0.22%
LEG	D	0.18%

HSMV Underweight 337 Positions Relative to BTAL

Symbol	Grade	Weight
ERIE	B	-0.44%
MKL	C	-0.44%
CME	B	-0.43%
GIS	B	-0.43%
NWL	C	-0.43%
T	A	-0.43%
TRV	A	-0.43%
ORLY	B	-0.43%
CHD	B	-0.42%
CB	B	-0.42%
DUK	B	-0.42%
MSI	B	-0.42%
ELV	B	-0.42%
ED	B	-0.42%
XEL	B	-0.42%
CPB	B	-0.42%
WELL	B	-0.42%
ROP	B	-0.42%
MKC	B	-0.42%
WEC	B	-0.41%
PNW	A	-0.41%
IBM	A	-0.41%
CMS	A	-0.41%
VICI	B	-0.41%
EG	B	-0.41%
TDY	B	-0.41%
LNT	A	-0.41%
CBOE	B	-0.41%
PGR	B	-0.41%
HIG	B	-0.41%
BMY	C	-0.41%
EQR	B	-0.41%
HEI	A	-0.41%
AEE	A	-0.41%
CI	B	-0.41%
AVB	B	-0.41%
DRI	C	-0.41%
GILD	B	-0.41%
BRO	B	-0.41%
ALL	A	-0.41%
JNJ	B	-0.41%
NEU	C	-0.41%
REG	B	-0.41%
ARMK	B	-0.41%
CCK	A	-0.41%
HUM	F	-0.41%
BILL	D	-0.41%
CTSH	B	-0.4%
GD	B	-0.4%
MMC	A	-0.4%
PCAR	D	-0.4%
JNPR	B	-0.4%
FOXA	C	-0.4%
UNM	B	-0.4%
NOC	B	-0.4%
KMI	B	-0.4%
KO	B	-0.4%
L	C	-0.4%
DGX	B	-0.4%
KR	B	-0.4%
FTNT	B	-0.4%
BG	F	-0.4%
RYAN	C	-0.4%
CSX	D	-0.4%
PAYX	B	-0.4%
PFE	C	-0.4%
AXS	B	-0.4%
AMCR	B	-0.4%
RTX	C	-0.4%
YUM	B	-0.4%
LNG	C	-0.4%
VFC	C	-0.4%
VZ	A	-0.4%
DOX	C	-0.4%
WRB	C	-0.4%
AMGN	B	-0.4%
EDR	A	-0.4%
AON	B	-0.4%
FFIV	A	-0.4%
UNH	C	-0.4%
O	B	-0.4%
VRSN	D	-0.4%
HQY	C	-0.4%
KHC	C	-0.4%
CINF	B	-0.4%
ACGL	A	-0.4%
PCTY	D	-0.39%
BWA	F	-0.39%
BKR	D	-0.39%
CF	C	-0.39%
CACC	F	-0.39%
MTCH	C	-0.39%
MSFT	C	-0.39%
VTRS	C	-0.39%
PAYC	D	-0.39%
TXT	D	-0.39%
CHRW	C	-0.39%
MCK	F	-0.39%
DD	B	-0.39%
PKG	B	-0.39%
ADP	A	-0.39%
IBKR	B	-0.39%
AIZ	C	-0.39%
TJX	B	-0.39%
MCD	B	-0.39%
RSG	B	-0.39%
ABBV	B	-0.39%
SNA	B	-0.39%
FOXF	F	-0.39%
WTW	B	-0.39%
ZI	D	-0.39%
ACN	C	-0.39%
WM	D	-0.39%
GPC	D	-0.38%
MOH	C	-0.38%
PAG	D	-0.38%
XOM	D	-0.38%
ASGN	D	-0.38%
DBX	D	-0.38%
TGNA	C	-0.38%
HPQ	D	-0.38%
AKAM	D	-0.38%
HON	D	-0.38%
ALSN	B	-0.38%
LMT	B	-0.38%
CMG	C	-0.38%
J	D	-0.38%
NEM	B	-0.38%
CSCO	C	-0.38%
GLW	C	-0.38%
OXY	F	-0.37%
MUR	F	-0.37%
LPLA	F	-0.37%
LULU	D	-0.37%
OLLI	C	-0.37%
DVN	F	-0.37%
TNET	D	-0.37%
FMC	C	-0.37%
TMUS	A	-0.37%
SRPT	F	-0.37%
BMRN	F	-0.37%
ST	F	-0.37%
CFLT	F	-0.37%
MOS	F	-0.36%
ON	D	-0.36%
CNC	C	-0.36%
FANG	F	-0.36%
AGL	F	-0.35%
WTM	D	-0.34%
MSTR	D	-0.33%
X	D	-0.33%
DECK	C	-0.33%
AZO	C	-0.3%
WOLF	F	--0.28%
COIN	F	--0.3%
SMCI	F	--0.3%
MPWR	C	--0.31%
SEDG	F	--0.31%
CNM	F	--0.31%
CELH	F	--0.31%
BRZE	F	--0.32%
ZS	F	--0.33%
ELF	F	--0.33%
NVDA	D	--0.33%
CAR	F	--0.33%
OPEN	D	--0.33%
AVGO	C	--0.34%
RMBS	F	--0.34%
RIG	F	--0.34%
AA	D	--0.34%
AMKR	D	--0.35%
LRCX	F	--0.35%
XPO	D	--0.35%
NTLA	F	--0.35%
COHR	C	--0.35%
OC	C	--0.35%
CVNA	B	--0.35%
WMS	D	--0.36%
POWI	F	--0.36%
ANET	C	--0.36%
GNRC	D	--0.36%
HOOD	C	--0.36%
TER	D	--0.36%
AMD	D	--0.36%
FCX	D	--0.36%
MKSI	F	--0.36%
MTDR	F	--0.36%
DKS	D	--0.36%
PWR	C	--0.36%
MU	F	--0.36%
RUN	C	--0.36%
ALB	D	--0.36%
VST	C	--0.36%
RIVN	F	--0.37%
DELL	D	--0.37%
GH	D	--0.37%
BBWI	F	--0.37%
LITE	C	--0.37%
SNAP	F	--0.37%
CE	D	--0.37%
CHX	D	--0.37%
SOFI	C	--0.37%
CC	F	--0.37%
GTLS	F	--0.37%
CEG	C	--0.37%
VRT	C	--0.37%
ENPH	D	--0.37%
DAR	F	--0.37%
ETN	C	--0.38%
NVCR	D	--0.38%
ALGN	D	--0.38%
ILMN	C	--0.38%
DAY	C	--0.38%
RH	C	--0.38%
KMX	D	--0.38%
EXPE	C	--0.38%
AES	C	--0.38%
TROW	D	--0.38%
BLD	D	--0.38%
ARWR	F	--0.38%
NET	D	--0.38%
OZK	D	--0.38%
NTRA	B	--0.38%
PATH	D	--0.38%
PINS	F	--0.38%
CRL	D	--0.38%
WBA	F	--0.38%
Z	B	--0.38%
CRWD	D	--0.38%
THO	C	--0.38%
FOUR	C	--0.38%
MRNA	F	--0.38%
SSD	C	--0.38%
ROKU	C	--0.38%
CRSP	F	--0.38%
MGM	D	--0.38%
SQ	D	--0.38%
ZION	D	--0.38%
ALLY	F	--0.38%
CG	D	--0.38%
APG	D	--0.38%
NRG	C	--0.38%
CCL	C	--0.38%
OWL	C	--0.38%
WCC	D	--0.38%
LNC	D	--0.38%
TPG	B	--0.39%
EFX	B	--0.39%
URI	C	--0.39%
TGT	C	--0.39%
DASH	C	--0.39%
EW	D	--0.39%
AR	D	--0.39%
SMG	C	--0.39%
CWEN	A	--0.39%
KKR	B	--0.39%
PYPL	B	--0.39%
LPX	B	--0.39%
TXG	D	--0.39%
LYFT	D	--0.39%
BLDR	C	--0.39%
KRC	C	--0.39%
MRVL	C	--0.39%
RKT	B	--0.39%
RRC	D	--0.39%
F	D	--0.39%
EL	F	--0.39%
FND	C	--0.39%
DINO	F	--0.39%
TREX	F	--0.39%
SNV	C	--0.39%
TOST	C	--0.39%
INTC	F	--0.39%
COTY	D	--0.39%
PNFP	B	--0.39%
PTON	C	--0.39%
PENN	D	--0.39%
RBLX	B	--0.4%
PLTR	B	--0.4%
W	D	--0.4%
LYV	C	--0.4%
WAL	B	--0.4%
UGI	B	--0.4%
CMA	B	--0.4%
DUOL	C	--0.4%
JLL	B	--0.4%
TOL	B	--0.4%
NTRS	B	--0.4%
SEE	D	--0.4%
HHH	C	--0.4%
AXTA	C	--0.4%
VNO	A	--0.4%
TRU	A	--0.4%
USB	C	--0.4%
CZR	D	--0.4%
BX	A	--0.4%
TTD	B	--0.4%
CFG	C	--0.4%
UBER	C	--0.4%
TT	A	--0.4%
RF	C	--0.4%
CARR	A	--0.4%
DNLI	B	--0.41%
CNXC	D	--0.41%
PEN	D	--0.41%
RGEN	F	--0.41%
CSGP	D	--0.41%
AXON	A	--0.41%
IDXX	C	--0.41%
BXP	A	--0.41%
AGNC	A	--0.41%
TSLA	C	--0.41%
SCHW	D	--0.41%
DKNG	D	--0.41%
ELAN	D	--0.41%
EQT	D	--0.41%
CBRE	B	--0.41%
PLD	B	--0.41%
TFX	B	--0.42%
DAL	C	--0.42%
D	B	--0.42%
BLK	A	--0.42%
SHW	A	--0.42%
KSS	F	--0.42%
AWK	A	--0.42%
ARE	B	--0.42%
SHLS	D	--0.43%
TDOC	D	--0.43%
IOT	B	--0.43%
SAIA	D	--0.43%
RMD	B	--0.43%
VEEV	C	--0.44%
PODD	B	--0.46%
GME	F	--0.47%
MDB	D	--0.49%
AFRM	C	--0.49%
FYBR	C	--0.5%