HSMV vs. FLQM ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM)

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

$36.37

Average Daily Volume

1,241

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$54.74

Average Daily Volume

135,920

Number of Holdings ^*

198

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	FLQM
30 Days	2.27%	1.88%
60 Days	4.39%	3.89%
90 Days	9.34%	5.94%
12 Months	19.61%	26.27%

51 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in FLQM	Overlap
ACHC	C	0.55%	0.28%	0.28%
AGO	C	0.46%	0.15%	0.15%
AM	B	0.48%	0.21%	0.21%
AMG	C	0.49%	0.24%	0.24%
AVT	D	0.47%	0.12%	0.12%
BJ	D	0.55%	0.44%	0.44%
CACI	B	0.55%	0.3%	0.3%
CASY	D	0.55%	0.5%	0.5%
CHE	C	0.48%	0.3%	0.3%
CHH	C	0.48%	0.14%	0.14%
COLM	B	0.49%	0.11%	0.11%
CRI	C	0.47%	0.11%	0.11%
CRUS	D	0.42%	0.24%	0.24%
CW	B	0.55%	0.41%	0.41%
DCI	D	0.46%	0.35%	0.35%
DLB	D	0.41%	0.16%	0.16%
DTM	B	0.56%	0.14%	0.14%
EGP	B	0.56%	0.27%	0.27%
EHC	B	0.52%	0.47%	0.47%
ELS	C	0.59%	0.46%	0.46%
FLO	C	0.45%	0.21%	0.21%
G	C	0.59%	0.27%	0.27%
GGG	C	0.47%	0.5%	0.47%
HRB	C	0.64%	0.4%	0.4%
JHG	B	0.53%	0.18%	0.18%
LAMR	A	0.46%	0.19%	0.19%
LECO	F	0.37%	0.41%	0.37%
LII	B	0.53%	0.79%	0.53%
LOPE	D	0.5%	0.13%	0.13%
LSTR	D	0.49%	0.25%	0.25%
MAN	C	0.44%	0.13%	0.13%
MSM	D	0.4%	0.17%	0.17%
MTG	B	0.58%	0.34%	0.34%
MUSA	C	0.58%	0.38%	0.38%
NBIX	F	0.5%	0.56%	0.5%
NFG	B	0.54%	0.2%	0.2%
NNN	B	0.57%	0.34%	0.34%
ORI	A	0.56%	0.3%	0.3%
PB	B	0.41%	0.25%	0.25%
R	B	0.44%	0.22%	0.22%
RPM	B	0.52%	0.55%	0.52%
RS	D	0.44%	0.65%	0.44%
SEIC	B	0.48%	0.32%	0.32%
SON	C	0.45%	0.21%	0.21%
STAG	C	0.55%	0.23%	0.23%
TXRH	D	0.48%	0.45%	0.45%
UTHR	C	0.68%	0.64%	0.64%
VNT	D	0.37%	0.22%	0.22%
WEN	C	0.39%	0.06%	0.06%
WPC	B	0.53%	0.26%	0.26%
WU	D	0.49%	0.23%	0.23%

HSMV Overweight 145 Positions Relative to FLQM

Symbol	Grade	Weight
CUBE	B	0.78%
LXP	B	0.72%
IDCC	B	0.7%
CVLT	B	0.69%
CPK	B	0.67%
EVR	B	0.67%
FAF	B	0.64%
GMED	D	0.64%
ADC	C	0.63%
SFM	B	0.63%
OHI	A	0.62%
PLXS	B	0.62%
NMIH	B	0.61%
ENSG	C	0.61%
JEF	B	0.61%
INVA	B	0.6%
SBRA	B	0.59%
FCPT	A	0.59%
BRX	B	0.59%
GLPI	B	0.58%
FR	C	0.58%
CTRE	B	0.58%
EPRT	A	0.58%
CLH	B	0.58%
AWR	B	0.57%
EXP	B	0.57%
JJSF	C	0.57%
CNO	B	0.57%
NYT	C	0.57%
TTEK	C	0.57%
BCPC	C	0.57%
PRI	B	0.56%
ESNT	B	0.56%
EXEL	B	0.56%
INGR	A	0.56%
EPR	B	0.55%
PECO	B	0.55%
EME	B	0.55%
FNF	A	0.55%
OGE	B	0.55%
LFUS	D	0.55%
ROIC	B	0.54%
SWX	C	0.54%
CSL	C	0.54%
KFY	B	0.54%
RDN	B	0.54%
EFC	B	0.54%
PRGS	C	0.54%
CWT	C	0.54%
REXR	C	0.53%
POR	B	0.53%
USFD	B	0.53%
MAT	C	0.53%
THG	A	0.53%
UNF	B	0.53%
PNM	B	0.53%
MCRI	B	0.52%
OGS	B	0.52%
SR	B	0.52%
VRRM	D	0.52%
WTRG	D	0.52%
SCI	B	0.52%
NWE	A	0.52%
MTN	D	0.52%
IDA	B	0.52%
COOP	B	0.52%
AMH	C	0.52%
BKH	B	0.52%
RGA	B	0.52%
RNR	B	0.51%
AIN	D	0.51%
MSGS	B	0.51%
MMS	D	0.51%
RLI	B	0.51%
ALE	A	0.51%
AVA	B	0.51%
POST	C	0.51%
NSIT	C	0.51%
NJR	B	0.51%
PCH	C	0.5%
WERN	D	0.5%
SF	A	0.5%
FHI	A	0.5%
GATX	D	0.5%
SLGN	B	0.5%
AFG	B	0.5%
GPK	B	0.5%
LANC	D	0.5%
VOYA	A	0.49%
MOG.A	B	0.49%
RYN	C	0.49%
SAIC	C	0.49%
ATR	B	0.49%
WH	B	0.49%
PFGC	B	0.49%
CBSH	C	0.49%
KEX	C	0.49%
KNX	C	0.48%
MDU	B	0.48%
ACM	B	0.48%
PBH	B	0.48%
FSS	D	0.47%
BWXT	D	0.47%
ITT	C	0.47%
MIDD	C	0.47%
EPC	F	0.46%
FLS	D	0.46%
FNB	D	0.46%
ARW	C	0.46%
CHDN	C	0.45%
WTS	C	0.45%
KBR	D	0.44%
SNX	D	0.44%
FELE	C	0.44%
VVV	D	0.43%
MSA	C	0.43%
NSA	B	0.42%
AGCO	D	0.42%
SIGI	C	0.42%
RGLD	B	0.42%
HXL	F	0.42%
ASH	D	0.42%
NVT	D	0.41%
TNC	D	0.41%
IOSP	D	0.41%
GNTX	F	0.4%
OSK	D	0.4%
ENR	F	0.39%
EVTC	D	0.39%
JAZZ	D	0.39%
IRT	B	0.37%
ALV	F	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%
FCN	C	0.3%
BLKB	B	0.3%
GO	F	0.25%
PDCO	F	0.23%
PZZA	D	0.22%
LEG	D	0.18%

HSMV Underweight 147 Positions Relative to FLQM

Symbol	Grade	Weight
FICO	A	-1.34%
DHI	B	-1.23%
RMD	C	-1.17%
IT	B	-1.15%
AVB	B	-1.13%
HIG	A	-1.1%
ALL	A	-1.09%
MSCI	C	-1.09%
GRMN	D	-1.08%
PAYX	C	-1.07%
PHM	B	-1.07%
EA	D	-1.06%
ODFL	C	-1.05%
GWW	B	-1.02%
BBY	B	-1.0%
FAST	C	-1.0%
BAH	B	-0.97%
AWK	A	-0.97%
MTD	D	-0.96%
KR	B	-0.96%
DOV	B	-0.95%
EBAY	B	-0.94%
IDXX	C	-0.94%
YUM	D	-0.94%
SYY	D	-0.94%
TSCO	C	-0.93%
CDW	D	-0.93%
WAT	C	-0.93%
NTAP	D	-0.92%
HPQ	D	-0.91%
OTIS	D	-0.9%
CHD	C	-0.9%
SYF	C	-0.88%
LYB	F	-0.87%
FANG	D	-0.87%
CINF	B	-0.86%
NVR	B	-0.86%
WSM	C	-0.85%
BLDR	C	-0.84%
LNG	D	-0.84%
DVN	F	-0.82%
OMC	A	-0.82%
HPE	D	-0.81%
ULTA	D	-0.8%
DAL	C	-0.8%
DECK	C	-0.79%
CLX	C	-0.79%
GDDY	C	-0.78%
MANH	B	-0.77%
GPC	D	-0.75%
RF	B	-0.75%
ACGL	B	-0.74%
EXPD	B	-0.73%
VRSN	D	-0.72%
CMI	C	-0.72%
AVY	D	-0.72%
VRSK	D	-0.71%
TROW	D	-0.69%
TER	D	-0.68%
HSY	C	-0.66%
STLD	D	-0.64%
EG	B	-0.64%
THC	B	-0.63%
MAS	B	-0.63%
SNA	B	-0.62%
TPL	C	-0.62%
WSO	C	-0.61%
UHS	B	-0.59%
CF	B	-0.58%
ROL	C	-0.58%
VLTO	C	-0.55%
INCY	C	-0.53%
DKS	D	-0.53%
POOL	C	-0.51%
VTRS	C	-0.51%
NDSN	C	-0.5%
TPR	C	-0.47%
CPT	B	-0.47%
JNPR	A	-0.47%
RPRX	C	-0.46%
ALLE	B	-0.46%
CHRW	B	-0.45%
FFIV	A	-0.44%
OVV	D	-0.43%
GL	C	-0.42%
ALLY	F	-0.41%
LKQ	D	-0.4%
K	A	-0.39%
TOL	B	-0.38%
UNM	B	-0.38%
LDOS	C	-0.38%
JBL	D	-0.38%
KNSL	C	-0.37%
BXP	B	-0.37%
DOX	C	-0.37%
ACI	F	-0.36%
TPX	C	-0.36%
ALSN	B	-0.36%
SKX	C	-0.35%
SAIA	D	-0.35%
WING	B	-0.34%
APA	F	-0.33%
DG	F	-0.33%
TTC	D	-0.32%
PAYC	D	-0.32%
UAL	B	-0.31%
RL	B	-0.3%
LW	D	-0.3%
EXPE	C	-0.29%
CROX	C	-0.26%
DINO	D	-0.26%
RHI	D	-0.26%
OGN	D	-0.24%
BBWI	F	-0.24%
DVA	B	-0.23%
VFC	C	-0.22%
AN	D	-0.21%
SEE	D	-0.2%
BC	C	-0.2%
M	F	-0.18%
PII	D	-0.18%
WBA	F	-0.18%
CHRD	F	-0.17%
FOXA	B	-0.17%
SOLV	C	-0.17%
OMF	C	-0.17%
HIW	B	-0.15%
COKE	C	-0.15%
AYI	B	-0.14%
KRC	B	-0.13%
NEU	D	-0.13%
PAG	D	-0.12%
CIVI	F	-0.11%
IVZ	C	-0.11%
AWI	B	-0.1%
COLB	B	-0.1%
JWN	B	-0.1%
APPF	D	-0.09%
CUZ	B	-0.08%
KSS	F	-0.08%
GAP	F	-0.07%
SNDR	B	-0.06%
CNXC	D	-0.06%
CNA	C	-0.05%
DDS	D	-0.03%
SIRI	C	-0.03%
PLTK	C	-0.02%