HSMV vs. FNY ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to First Trust Mid Cap Growth AlphaDEX (FNY)

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

FNY

First Trust Mid Cap Growth AlphaDEX

FNY Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the Defined Mid Cap Growth Index (the "index"). The fund will normally invest at least 90% of its net assets in common stocks that comprise the index. The index is a modified equal-dollar weighted index designed by S&P to objectively identify and select stocks from the S&P MidCap 400(R) Growth Index that may generate positive alpha relative to traditional passive-style indices through the use of the AlphaDEX(R) selection methodology. It is non-diversified.

Grade (RS Rating)

Last Trade

$87.32

Average Daily Volume

13,952

Number of Holdings ^*

214

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	FNY
30 Days	4.88%	9.26%
60 Days	5.46%	10.03%
90 Days	6.96%	12.45%
12 Months	27.49%	43.71%

46 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in FNY	Overlap
ADC	B	1.34%	0.58%	0.58%
AM	A	1.21%	0.15%	0.15%
ATR	B	2.09%	0.29%	0.29%
BCPC	B	0.53%	0.29%	0.29%
BLKB	B	0.41%	0.28%	0.28%
BRX	A	0.48%	0.3%	0.3%
BWXT	B	0.48%	0.49%	0.48%
CACI	D	1.29%	0.63%	0.63%
CBSH	A	0.83%	0.34%	0.34%
CHDN	B	0.45%	0.29%	0.29%
CHE	D	1.16%	0.13%	0.13%
CHH	A	0.56%	0.16%	0.16%
CLH	B	0.38%	0.43%	0.38%
CTRE	D	1.54%	0.28%	0.28%
CUBE	D	0.24%	0.26%	0.24%
CW	B	0.67%	0.76%	0.67%
DCI	B	1.33%	0.15%	0.15%
DTM	B	2.06%	0.37%	0.37%
EGP	F	0.63%	0.13%	0.13%
EHC	B	0.9%	0.58%	0.58%
ENSG	D	0.73%	0.71%	0.71%
EPRT	B	0.65%	0.55%	0.55%
EXEL	B	0.38%	0.75%	0.38%
FCN	D	0.49%	0.24%	0.24%
FLS	B	0.52%	0.49%	0.49%
FR	C	0.45%	0.13%	0.13%
FSS	B	0.24%	0.55%	0.24%
GATX	A	0.56%	0.16%	0.16%
GPK	C	0.36%	0.27%	0.27%
HRB	D	0.26%	0.54%	0.26%
IRT	A	0.23%	0.29%	0.23%
ITT	A	0.38%	0.58%	0.38%
KEX	C	0.31%	0.59%	0.31%
LAMR	D	0.43%	0.27%	0.27%
LOPE	B	0.74%	0.16%	0.16%
MSGS	A	1.4%	0.3%	0.3%
NNN	D	1.01%	0.13%	0.13%
NYT	C	0.95%	0.4%	0.4%
OHI	C	1.08%	0.41%	0.41%
ONB	B	0.31%	0.48%	0.31%
ORA	B	0.27%	0.29%	0.27%
PRI	A	0.78%	0.48%	0.48%
RGLD	C	0.34%	0.15%	0.15%
RLI	B	1.42%	0.32%	0.32%
SBRA	C	0.55%	0.41%	0.41%
SCI	B	0.62%	0.46%	0.46%

HSMV Overweight 101 Positions Relative to FNY

Symbol	Grade	Weight
SEIC	B	1.89%
ORI	A	1.76%
IDA	A	1.65%
INGR	B	1.65%
OGE	B	1.59%
POST	C	1.56%
FHI	A	1.26%
AMH	D	1.24%
NJR	A	1.24%
NFG	A	1.18%
FLO	D	1.17%
NWE	B	1.13%
AFG	A	1.08%
POR	C	1.07%
GGG	B	1.06%
GNTX	C	0.99%
GLPI	C	0.99%
BKH	A	0.9%
MMS	F	0.89%
FCPT	C	0.86%
DLB	B	0.85%
ELS	C	0.81%
MSA	D	0.8%
EPR	D	0.79%
IDCC	A	0.77%
AVA	A	0.76%
LSTR	D	0.76%
PBH	A	0.76%
EFC	C	0.76%
KBR	F	0.75%
PECO	A	0.74%
AWR	B	0.72%
OGS	A	0.72%
SF	B	0.72%
RPM	A	0.68%
SLGN	A	0.68%
RNR	C	0.67%
CPK	A	0.67%
RGA	A	0.67%
AGO	B	0.67%
ESNT	D	0.67%
JHG	A	0.66%
MDU	D	0.64%
AMG	B	0.63%
CDP	C	0.63%
PRGS	A	0.58%
ACM	A	0.57%
FELE	B	0.56%
MTG	C	0.55%
COLM	B	0.55%
NMIH	D	0.55%
RS	B	0.54%
CWT	D	0.51%
FNF	B	0.51%
EPC	D	0.49%
AVT	C	0.49%
MUSA	A	0.47%
LANC	C	0.46%
JEF	A	0.46%
PFGC	B	0.45%
ARW	D	0.45%
PB	A	0.45%
CNO	A	0.44%
MSM	C	0.44%
ENR	B	0.43%
RYN	D	0.42%
RDN	C	0.4%
FAF	A	0.4%
FNB	A	0.38%
ASH	D	0.36%
ABM	B	0.36%
BJ	A	0.36%
COOP	B	0.35%
G	B	0.35%
IOSP	B	0.35%
SAIC	F	0.35%
LXP	D	0.34%
EVR	B	0.34%
LECO	B	0.34%
JAZZ	B	0.33%
CSL	C	0.33%
MAN	D	0.32%
AGCO	D	0.31%
JJSF	B	0.31%
R	B	0.3%
KFY	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
MIDD	C	0.28%
EVTC	B	0.28%
OSK	B	0.28%
PLXS	B	0.27%
CASY	A	0.26%
LII	A	0.26%
LFUS	F	0.24%
AIN	C	0.24%
HXL	D	0.22%
CRI	D	0.21%
REXR	F	0.2%
PCH	D	0.19%
NSA	D	0.13%

HSMV Underweight 168 Positions Relative to FNY

Symbol	Grade	Weight
AFRM	B	-1.08%
SOFI	A	-1.0%
SFM	A	-0.91%
AX	A	-0.9%
ALSN	B	-0.87%
QTWO	A	-0.86%
NTRA	B	-0.86%
PIPR	B	-0.84%
FIX	A	-0.82%
SFBS	B	-0.82%
CORT	B	-0.81%
RDNT	B	-0.81%
CRS	A	-0.8%
TOST	B	-0.8%
FOUR	B	-0.8%
HLNE	B	-0.8%
KTB	B	-0.79%
CSWI	A	-0.79%
ITRI	B	-0.77%
DUOL	A	-0.77%
KNF	A	-0.76%
ACIW	B	-0.76%
COHR	B	-0.76%
MOG.A	B	-0.76%
CVLT	B	-0.76%
IBKR	A	-0.74%
IOT	A	-0.73%
EWBC	A	-0.71%
LTH	C	-0.7%
DY	D	-0.7%
AAON	B	-0.69%
AIT	A	-0.68%
DVA	B	-0.68%
MOD	A	-0.67%
EXLS	B	-0.66%
HLI	B	-0.66%
PEGA	A	-0.66%
HIMS	B	-0.65%
GMED	A	-0.65%
COKE	C	-0.65%
TPG	A	-0.65%
PSN	D	-0.64%
TXRH	C	-0.63%
FFIN	B	-0.63%
PODD	C	-0.63%
CRVL	A	-0.62%
TTEK	F	-0.62%
SLG	B	-0.62%
FRPT	B	-0.62%
RL	B	-0.61%
MMSI	B	-0.6%
GWRE	A	-0.6%
ATI	D	-0.6%
ITGR	B	-0.59%
AUR	C	-0.59%
EXP	A	-0.59%
ANF	C	-0.58%
BOOT	D	-0.57%
TKO	B	-0.57%
AVAV	D	-0.56%
BCO	D	-0.56%
CRDO	B	-0.56%
BFAM	D	-0.55%
CBT	C	-0.55%
BMI	B	-0.55%
DOCU	A	-0.54%
NCLH	B	-0.54%
PLNT	A	-0.51%
BRBR	A	-0.51%
AYI	B	-0.5%
KAI	A	-0.5%
IBOC	A	-0.5%
SMG	D	-0.49%
LNTH	D	-0.49%
AWI	A	-0.49%
HOMB	A	-0.48%
WHD	B	-0.47%
S	B	-0.47%
IBP	D	-0.47%
PI	D	-0.46%
FFIV	B	-0.46%
ZETA	D	-0.46%
HASI	D	-0.45%
TW	A	-0.45%
RYAN	B	-0.45%
AXSM	B	-0.44%
BOX	B	-0.44%
CNS	B	-0.44%
BDC	B	-0.43%
DT	C	-0.42%
AZEK	A	-0.42%
WWD	B	-0.42%
HALO	F	-0.42%
DKS	C	-0.41%
WYNN	D	-0.4%
ALLE	D	-0.4%
INSM	C	-0.39%
OLLI	D	-0.39%
RNA	D	-0.38%
VRNS	D	-0.37%
CRUS	D	-0.35%
CFR	B	-0.35%
INSP	D	-0.35%
PCTY	B	-0.34%
RVMD	C	-0.34%
MTCH	D	-0.34%
ESAB	B	-0.33%
GME	C	-0.33%
WING	D	-0.33%
RARE	D	-0.33%
WTM	A	-0.32%
ITCI	C	-0.32%
CWST	A	-0.31%
AXTA	A	-0.31%
RUN	F	-0.31%
MKTX	D	-0.3%
GKOS	B	-0.3%
KRG	B	-0.29%
REG	B	-0.29%
EEFT	B	-0.29%
AES	F	-0.29%
TMDX	F	-0.29%
RHP	B	-0.29%
DBX	B	-0.29%
BPMC	C	-0.28%
KNSL	B	-0.28%
CROX	D	-0.28%
GAP	C	-0.27%
CPT	B	-0.27%
AGNC	D	-0.26%
EXPO	D	-0.24%
AOS	F	-0.23%
VRRM	D	-0.23%
FND	C	-0.23%
CLSK	C	-0.2%
PAYC	B	-0.19%
GTLS	B	-0.19%
LYFT	C	-0.19%
GH	B	-0.18%
OWL	A	-0.17%
MASI	A	-0.17%
DAY	B	-0.17%
KD	B	-0.17%
MARA	C	-0.16%
TRMB	B	-0.16%
NTNX	A	-0.16%
ESI	A	-0.15%
MORN	B	-0.15%
CRNX	C	-0.15%
MAIN	A	-0.15%
RBC	A	-0.15%
GOLF	B	-0.15%
IPAR	B	-0.14%
ROIV	C	-0.14%
APPF	B	-0.14%
NEU	C	-0.14%
UDR	B	-0.14%
CNM	D	-0.14%
H	B	-0.14%
LNW	D	-0.14%
ELAN	D	-0.13%
MEDP	D	-0.13%
SSD	D	-0.13%
TECH	D	-0.12%
U	C	-0.11%
TDW	F	-0.1%
BRKR	D	-0.1%
LCID	F	-0.09%