HSMV vs. SBB ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to ProShares Short SmallCap600 (SBB)

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

$34.11

Average Daily Volume

1,083

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

SBB

ProShares Short SmallCap600

SBB Description

The investment seeks daily investment results that correspond to the inverse (-1x) of the daily performance of the S&P SmallCap 600®. The fund invests in derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as the inverse (-1x) of the daily return of the index. The index is a measure of small-cap company U.S. stock market performance. It is a float-adjusted, market capitalization-weighted index of 600 U.S. operating companies selected through a process that factors in criteria such as liquidity, price, market capitalization, financial viability and public float. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$15.67

Average Daily Volume

1,617

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SBB
30 Days	3.47%	-3.71%
60 Days	0.27%	-0.50%
90 Days	5.04%	-4.21%
12 Months	8.60%	-5.35%

23 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SBB	Overlap
ABM	B	0.35%	0.34%	0.34%
ADC	B	0.54%	0.39%	0.39%
AIN	D	0.52%	0.31%	0.31%
AVA	D	0.48%	0.42%	0.42%
AWR	C	0.52%	0.41%	0.41%
BCPC	B	0.58%	0.44%	0.44%
CCOI	D	0.26%	0.39%	0.26%
CWT	C	0.5%	0.32%	0.32%
ENSG	B	0.54%	0.3%	0.3%
EXPO	B	0.31%	0.47%	0.31%
FELE	C	0.47%	0.3%	0.3%
IOSP	D	0.51%	0.33%	0.33%
JJSF	C	0.61%	0.36%	0.36%
KFY	C	0.55%	0.3%	0.3%
LXP	B	0.71%	0.34%	0.34%
MOG.A	B	0.48%	0.38%	0.38%
NMIH	A	0.55%	0.29%	0.29%
NSIT	C	0.55%	0.32%	0.32%
ONB	A	0.31%	0.4%	0.31%
PLXS	C	0.58%	0.29%	0.29%
PRGS	C	0.55%	0.28%	0.28%
UNF	C	0.52%	0.41%	0.41%
WTS	D	0.45%	0.36%	0.36%

HSMV Overweight 173 Positions Relative to SBB

Symbol	Grade	Weight
IDCC	B	0.68%
CUBE	B	0.68%
GMED	A	0.67%
UTHR	B	0.66%
CVLT	B	0.64%
EVR	A	0.64%
BJ	B	0.64%
CPK	C	0.63%
NBIX	B	0.62%
NYT	B	0.61%
LFUS	C	0.61%
HRB	C	0.6%
EME	D	0.59%
JEF	A	0.59%
CSL	B	0.59%
LANC	D	0.58%
SWX	D	0.58%
CASY	B	0.58%
CLH	B	0.58%
VRRM	B	0.57%
OHI	A	0.56%
LII	B	0.56%
FAF	D	0.56%
DTM	B	0.56%
KEX	B	0.56%
RGA	A	0.55%
LOPE	C	0.55%
SBRA	B	0.55%
SFM	B	0.55%
PRI	B	0.55%
EGP	B	0.55%
JHG	B	0.55%
TTEK	D	0.54%
INVA	B	0.54%
EPRT	B	0.54%
CW	B	0.54%
WU	D	0.54%
MUSA	B	0.54%
NVT	D	0.54%
EPC	B	0.54%
BRX	B	0.53%
ESNT	B	0.53%
VOYA	D	0.53%
EXP	D	0.53%
NNN	A	0.53%
ALE	C	0.53%
SF	B	0.53%
AM	B	0.53%
STAG	B	0.53%
TXRH	D	0.53%
ELS	C	0.53%
MTG	A	0.53%
GATX	A	0.53%
EFC	A	0.53%
CACI	B	0.53%
MMS	B	0.53%
MTN	F	0.53%
ORI	C	0.52%
G	D	0.52%
MSGS	C	0.52%
NFG	C	0.52%
RDN	B	0.52%
EHC	B	0.52%
USFD	D	0.52%
GLPI	B	0.52%
COOP	B	0.52%
AMH	C	0.52%
FR	B	0.52%
CTRE	B	0.52%
WERN	D	0.52%
OGE	B	0.52%
CNO	A	0.52%
FCPT	B	0.52%
LSTR	F	0.52%
MDU	C	0.51%
VVV	B	0.51%
DLB	D	0.51%
ACHC	F	0.51%
PECO	C	0.51%
FHI	B	0.51%
EPR	C	0.51%
WTRG	C	0.51%
FLS	C	0.51%
AVT	C	0.51%
PNM	D	0.5%
POR	C	0.5%
WH	C	0.5%
ASH	D	0.5%
MSA	B	0.5%
WPC	C	0.5%
BWXT	C	0.5%
MAT	F	0.5%
CHH	C	0.5%
KNX	C	0.5%
AMG	C	0.5%
EXEL	B	0.5%
SEIC	C	0.5%
OGS	C	0.5%
INGR	D	0.5%
REXR	C	0.5%
BKH	C	0.5%
AGO	C	0.5%
RPM	D	0.5%
FSS	C	0.5%
RS	C	0.49%
FNF	C	0.49%
GGG	D	0.49%
ATR	D	0.49%
THG	D	0.49%
ITT	C	0.49%
SCI	C	0.49%
GNTX	C	0.49%
RLI	D	0.49%
MCRI	C	0.49%
NWE	C	0.49%
IDA	C	0.49%
DCI	D	0.49%
SR	B	0.49%
KBR	D	0.49%
NJR	C	0.49%
COLM	D	0.49%
POST	B	0.49%
CBSH	B	0.48%
PBH	B	0.48%
HXL	D	0.48%
AFG	D	0.48%
CHDN	B	0.48%
AGCO	F	0.48%
SNX	D	0.48%
CHE	F	0.48%
GPK	D	0.47%
VNT	C	0.47%
ACM	D	0.47%
LAMR	C	0.47%
ARW	D	0.47%
MIDD	D	0.47%
RYN	F	0.47%
PFGC	F	0.47%
TNC	D	0.47%
FNB	A	0.47%
ROIC	C	0.47%
SIGI	D	0.46%
OSK	D	0.46%
MAN	F	0.46%
PCH	F	0.46%
RNR	D	0.45%
CRI	F	0.45%
SLGN	D	0.45%
FLO	F	0.45%
SAIC	D	0.45%
ALV	D	0.45%
SON	F	0.44%
R	C	0.44%
RGLD	A	0.43%
MSM	F	0.43%
CRUS	B	0.43%
LECO	F	0.42%
ENR	C	0.42%
WEN	D	0.41%
EVTC	F	0.41%
JAZZ	F	0.4%
AIR	A	0.39%
ENOV	F	0.38%
NSA	B	0.38%
IRT	B	0.36%
PB	C	0.36%
ORA	C	0.34%
GO	F	0.34%
FCN	C	0.31%
BLKB	D	0.3%
PDCO	F	0.28%
PZZA	F	0.22%
LEG	D	0.19%

HSMV Underweight 69 Positions Relative to SBB

Symbol	Grade	Weight
DAR	F	-0.61%
GBCI	C	-0.49%
BLD	C	-0.48%
JBT	D	-0.47%
NEOG	C	-0.47%
VIAV	F	-0.46%
OMCL	F	-0.46%
CBU	B	-0.46%
STRA	D	-0.45%
NEO	D	-0.43%
SSD	C	-0.43%
SHOO	B	-0.42%
SKYW	B	-0.42%
B	B	-0.41%
LAD	D	-0.41%
AMN	F	-0.4%
CNMD	F	-0.4%
POWI	D	-0.39%
ITRI	D	-0.39%
UFPI	C	-0.38%
SFNC	B	-0.38%
BRC	C	-0.37%
CVBF	C	-0.37%
PRLB	D	-0.37%
ITGR	C	-0.37%
QLYS	F	-0.36%
AEIS	C	-0.36%
ABCB	A	-0.36%
CROX	D	-0.36%
INDB	C	-0.35%
WING	D	-0.35%
WWW	D	-0.35%
LCII	D	-0.35%
COLB	C	-0.35%
WDFC	D	-0.34%
FOXF	D	-0.34%
SEM	A	-0.33%
ESE	C	-0.33%
AEL	A	-0.33%
AIT	C	-0.33%
IRDM	F	-0.33%
ARI	C	-0.33%
ROG	C	-0.32%
MEDP	B	-0.32%
MNRO	F	-0.32%
GTLS	C	-0.32%
FUL	C	-0.32%
SAIA	D	-0.32%
LPSN	D	-0.32%
SANM	A	-0.31%
HI	D	-0.31%
DIOD	C	-0.31%
EBS	B	-0.31%
IVR	C	-0.31%
EXLS	B	-0.31%
FN	B	-0.31%
PMT	C	-0.3%
SPXC	A	-0.3%
ALGT	F	-0.3%
MTH	C	-0.3%
FFBC	B	-0.3%
ACA	C	-0.29%
AAT	A	-0.29%
DORM	D	-0.29%
XHR	C	-0.29%
KWR	D	-0.28%
FBP	A	-0.28%
AKR	B	-0.28%
NWN	C	-0.28%