HSMV vs. RWR ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to SPDR DJ Wilshire REIT ETF (RWR)

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

RWR

SPDR DJ Wilshire REIT ETF

RWR Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the Dow Jones U.S. Select REIT Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to provide a measure of real estate securities that serve as proxies for direct real estate investing, in part by excluding securities whose value is not always closely tied to the value of the underlying real estate. It is non-diversified.

Grade (RS Rating)

Last Trade

$105.56

Average Daily Volume

314,423

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	RWR
30 Days	3.72%	0.48%
60 Days	5.02%	-0.61%
90 Days	5.82%	2.23%
12 Months	26.13%	27.65%

19 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in RWR	Overlap
ADC	A	1.29%	0.75%	0.75%
AMH	C	1.21%	1.16%	1.16%
BRX	A	0.47%	0.85%	0.47%
CDP	C	0.67%	0.33%	0.33%
CTRE	C	1.53%	0.49%	0.49%
CUBE	C	0.24%	1.06%	0.24%
EGP	D	0.63%	0.82%	0.63%
ELS	C	0.81%	1.31%	0.81%
EPR	C	0.79%	0.33%	0.33%
EPRT	B	0.63%	0.56%	0.56%
FCPT	C	0.82%	0.25%	0.25%
FR	D	0.44%	0.68%	0.44%
IRT	A	0.22%	0.46%	0.22%
LXP	D	0.35%	0.27%	0.27%
NNN	C	0.99%	0.75%	0.75%
NSA	C	0.13%	0.29%	0.13%
OHI	C	1.11%	1.01%	1.01%
PECO	A	0.73%	0.47%	0.47%
REXR	F	0.19%	0.9%	0.19%

HSMV Overweight 128 Positions Relative to RWR

Symbol	Grade	Weight
ATR	B	2.16%
DTM	A	1.97%
SEIC	B	1.86%
INGR	C	1.74%
ORI	A	1.69%
CACI	D	1.62%
IDA	A	1.59%
OGE	A	1.57%
POST	C	1.53%
MSGS	A	1.41%
RLI	A	1.38%
DCI	B	1.34%
FHI	B	1.23%
AM	A	1.19%
NJR	A	1.19%
CHE	D	1.15%
NFG	A	1.14%
FLO	D	1.12%
NWE	C	1.09%
AFG	A	1.08%
POR	C	1.06%
GGG	B	1.02%
MMS	F	1.01%
GNTX	C	0.98%
NYT	D	0.97%
GLPI	C	0.96%
EHC	B	0.92%
KBR	F	0.91%
DLB	B	0.88%
BKH	A	0.87%
MSA	D	0.81%
CBSH	B	0.81%
LSTR	D	0.78%
IDCC	B	0.77%
PRI	B	0.76%
LOPE	C	0.76%
ENSG	C	0.75%
EFC	C	0.75%
PBH	A	0.74%
SF	B	0.73%
AWR	B	0.72%
CW	C	0.72%
AVA	B	0.72%
OGS	A	0.69%
RNR	C	0.66%
ESNT	F	0.66%
SLGN	A	0.66%
RPM	A	0.66%
RGA	A	0.65%
JHG	B	0.65%
CPK	A	0.64%
AGO	B	0.64%
AMG	B	0.62%
SCI	B	0.61%
MDU	D	0.61%
PRGS	A	0.59%
SBRA	C	0.58%
FELE	B	0.57%
ACM	B	0.57%
GATX	A	0.56%
COLM	C	0.55%
RS	B	0.55%
CHH	A	0.55%
MTG	C	0.54%
NMIH	C	0.54%
BCPC	B	0.53%
FLS	B	0.52%
CWT	C	0.51%
FCN	F	0.5%
AVT	C	0.5%
LANC	C	0.49%
FNF	B	0.49%
EPC	F	0.49%
MSM	C	0.47%
BWXT	B	0.47%
MUSA	B	0.46%
ARW	D	0.46%
CHDN	B	0.45%
JEF	A	0.45%
PFGC	B	0.45%
CNO	B	0.44%
SAIC	F	0.44%
PB	B	0.44%
LAMR	C	0.43%
BLKB	B	0.42%
ENR	B	0.42%
RYN	D	0.41%
CLH	C	0.4%
RDN	D	0.39%
EXEL	B	0.39%
ITT	A	0.38%
FNB	A	0.38%
FAF	A	0.38%
BJ	A	0.37%
ABM	B	0.37%
EVR	B	0.36%
G	B	0.36%
ASH	F	0.36%
GPK	C	0.36%
IOSP	C	0.36%
JAZZ	C	0.35%
COOP	B	0.35%
LECO	C	0.35%
JJSF	C	0.33%
RGLD	C	0.33%
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%
PLXS	B	0.27%
ORA	B	0.27%
HRB	D	0.26%
LFUS	D	0.25%
CASY	A	0.25%
LII	A	0.25%
AIN	C	0.24%
HXL	F	0.23%
FSS	B	0.23%
CRI	F	0.21%
PCH	D	0.19%

HSMV Underweight 79 Positions Relative to RWR

Symbol	Grade	Weight
PLD	F	-9.67%
EQIX	A	-7.79%
SPG	A	-4.66%
WELL	A	-4.6%
PSA	C	-4.4%
DLR	B	-4.39%
O	C	-4.08%
EXR	C	-3.4%
AVB	B	-3.18%
VTR	B	-2.58%
EQR	C	-2.45%
ESS	B	-1.91%
INVH	D	-1.88%
MAA	B	-1.81%
ARE	F	-1.66%
KIM	A	-1.64%
DOC	C	-1.47%
SUI	C	-1.43%
UDR	B	-1.31%
CPT	B	-1.26%
HST	C	-1.2%
WPC	C	-1.18%
REG	A	-1.18%
BXP	C	-1.13%
FRT	B	-0.84%
VNO	C	-0.68%
RHP	B	-0.66%
STAG	D	-0.65%
KRG	B	-0.58%
TRNO	F	-0.58%
COLD	D	-0.56%
SLG	B	-0.48%
CUZ	B	-0.46%
MAC	B	-0.41%
KRC	B	-0.41%
SKT	A	-0.38%
APLE	B	-0.34%
NHI	D	-0.33%
HIW	C	-0.33%
BNL	C	-0.31%
PK	C	-0.3%
DEI	B	-0.3%
IIPR	D	-0.29%
UE	B	-0.27%
MPW	F	-0.25%
AKR	B	-0.25%
ROIC	A	-0.22%
EQC	B	-0.21%
SHO	D	-0.2%
DRH	B	-0.18%
VRE	B	-0.15%
PEB	D	-0.15%
RLJ	C	-0.15%
XHR	B	-0.15%
GTY	A	-0.15%
ALEX	B	-0.14%
ESRT	C	-0.14%
GNL	F	-0.14%
ELME	D	-0.14%
AAT	B	-0.13%
JBGS	F	-0.13%
UMH	B	-0.13%
PDM	D	-0.12%
NTST	C	-0.12%
DEA	D	-0.12%
AIV	C	-0.11%
CSR	B	-0.11%
NXRT	B	-0.1%
BDN	C	-0.09%
PGRE	F	-0.09%
INN	D	-0.07%
PLYM	F	-0.07%
HPP	F	-0.06%
SVC	F	-0.05%
CHCT	C	-0.05%
UHT	D	-0.05%
GMRE	F	-0.05%
DHC	F	-0.05%
CLDT	B	-0.04%