HSMV vs. SMDY ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to Syntax Stratified MidCap ETF (SMDY)

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

$35.23

Average Daily Volume

1,255

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

SMDY

Syntax Stratified MidCap ETF

SMDY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies comprising the Syntax Stratified MidCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 95%, of its total assets in the securities comprising the index. The index, which was created by Syntax LLC, an affiliate of the fund's investment adviser, is the stratified-weight version of the widely used S&P MidCap 400® Index and holds the same constituents as the S&P MidCap 400 Index.

Grade (RS Rating)

Last Trade

$43.63

Average Daily Volume

480

Number of Holdings ^*

390

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SMDY
30 Days	2.92%	6.02%
60 Days	6.22%	3.63%
90 Days	6.22%	2.52%
12 Months	16.36%	13.38%

150 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SMDY	Overlap
ACHC	B	0.57%	0.7%	0.57%
ACM	B	0.49%	0.16%	0.16%
ADC	A	0.59%	0.07%	0.07%
AFG	A	0.48%	0.17%	0.17%
AGCO	F	0.42%	0.24%	0.24%
ALE	A	0.5%	0.24%	0.24%
ALV	D	0.39%	0.1%	0.1%
AM	C	0.48%	0.22%	0.22%
AMG	C	0.51%	0.33%	0.33%
AMH	A	0.5%	0.21%	0.21%
ARW	B	0.49%	0.08%	0.08%
ASH	D	0.44%	0.09%	0.09%
ATR	A	0.48%	0.09%	0.09%
AVT	C	0.51%	0.07%	0.07%
BJ	D	0.55%	0.26%	0.26%
BKH	A	0.5%	0.23%	0.23%
BLKB	B	0.3%	0.33%	0.3%
BRX	A	0.58%	0.08%	0.08%
BWXT	C	0.49%	0.08%	0.08%
CACI	B	0.55%	0.21%	0.21%
CASY	C	0.52%	0.2%	0.2%
CBSH	B	0.5%	0.13%	0.13%
CHDN	D	0.44%	0.13%	0.13%
CHE	C	0.48%	0.24%	0.24%
CHH	C	0.5%	0.11%	0.11%
CLH	C	0.58%	0.18%	0.18%
CNO	B	0.6%	0.42%	0.42%
COLM	B	0.48%	0.28%	0.28%
CRI	C	0.44%	0.29%	0.29%
CRUS	C	0.45%	0.53%	0.45%
CSL	C	0.55%	0.08%	0.08%
CUBE	A	0.73%	0.22%	0.22%
CVLT	B	0.72%	0.39%	0.39%
CW	B	0.57%	0.08%	0.08%
DCI	C	0.46%	0.09%	0.09%
DLB	F	0.42%	0.51%	0.42%
DTM	B	0.57%	0.24%	0.24%
EGP	B	0.54%	0.08%	0.08%
EHC	B	0.51%	0.24%	0.24%
ELS	A	0.55%	0.21%	0.21%
EME	C	0.56%	0.14%	0.14%
ENOV	D	0.36%	0.38%	0.36%
EPR	B	0.53%	0.07%	0.07%
ESNT	B	0.55%	0.33%	0.33%
EVR	B	0.68%	0.17%	0.17%
EXEL	B	0.55%	0.49%	0.49%
EXP	B	0.57%	0.14%	0.14%
EXPO	B	0.32%	0.16%	0.16%
FAF	A	0.61%	0.33%	0.33%
FCN	C	0.3%	0.15%	0.15%
FHI	B	0.48%	0.3%	0.3%
FLO	A	0.43%	0.29%	0.29%
FLS	C	0.49%	0.1%	0.1%
FNB	C	0.48%	0.07%	0.07%
FNF	B	0.54%	0.34%	0.34%
FR	B	0.57%	0.09%	0.09%
G	B	0.59%	0.24%	0.24%
GATX	C	0.52%	0.15%	0.15%
GGG	D	0.47%	0.1%	0.1%
GLPI	A	0.56%	0.15%	0.15%
GMED	C	0.65%	0.41%	0.41%
GNTX	D	0.41%	0.19%	0.19%
GPK	B	0.49%	0.06%	0.06%
HRB	B	0.63%	0.35%	0.35%
HXL	F	0.43%	0.1%	0.1%
IDA	A	0.5%	0.27%	0.27%
INGR	A	0.55%	0.33%	0.33%
IRT	B	0.36%	0.21%	0.21%
ITT	C	0.48%	0.08%	0.08%
JAZZ	D	0.41%	0.42%	0.41%
JEF	B	0.63%	0.21%	0.21%
JHG	B	0.55%	0.32%	0.32%
KBR	C	0.49%	0.15%	0.15%
KEX	D	0.5%	0.22%	0.22%
KNX	D	0.48%	0.19%	0.19%
LAMR	B	0.45%	0.07%	0.07%
LANC	D	0.47%	0.25%	0.25%
LECO	F	0.4%	0.3%	0.3%
LFUS	C	0.6%	0.22%	0.22%
LII	C	0.54%	0.16%	0.16%
LOPE	D	0.51%	0.3%	0.3%
LSTR	D	0.47%	0.17%	0.17%
MAN	D	0.45%	0.14%	0.14%
MAT	C	0.54%	0.17%	0.17%
MDU	D	0.47%	0.13%	0.13%
MIDD	D	0.5%	0.32%	0.32%
MMS	C	0.53%	0.3%	0.3%
MSA	D	0.44%	0.29%	0.29%
MSM	D	0.41%	0.08%	0.08%
MTG	B	0.57%	0.35%	0.35%
MTN	C	0.52%	0.09%	0.09%
MUSA	B	0.56%	0.23%	0.23%
NBIX	D	0.53%	0.38%	0.38%
NFG	B	0.52%	0.23%	0.23%
NJR	A	0.49%	0.23%	0.23%
NNN	A	0.54%	0.07%	0.07%
NSA	A	0.4%	0.21%	0.21%
NVT	F	0.43%	0.18%	0.18%
NWE	A	0.49%	0.26%	0.26%
NYT	C	0.58%	0.31%	0.31%
OGE	B	0.53%	0.27%	0.27%
OGS	B	0.49%	0.24%	0.24%
OHI	A	0.6%	0.68%	0.6%
ONB	C	0.33%	0.07%	0.07%
ORA	C	0.32%	0.24%	0.24%
ORI	B	0.56%	0.19%	0.19%
OSK	D	0.43%	0.28%	0.28%
PB	B	0.4%	0.08%	0.08%
PCH	C	0.49%	0.13%	0.13%
PFGC	B	0.51%	0.31%	0.31%
PNM	A	0.52%	0.26%	0.26%
POR	B	0.51%	0.27%	0.27%
POST	B	0.5%	0.48%	0.48%
PRI	B	0.56%	0.38%	0.38%
R	C	0.46%	0.17%	0.17%
REXR	B	0.51%	0.08%	0.08%
RGA	B	0.53%	0.3%	0.3%
RGLD	C	0.43%	0.19%	0.19%
RLI	B	0.5%	0.17%	0.17%
RNR	A	0.5%	0.33%	0.33%
RPM	A	0.5%	0.1%	0.1%
RS	D	0.45%	0.16%	0.16%
RYN	B	0.47%	0.13%	0.13%
SAIC	B	0.46%	0.21%	0.21%
SBRA	A	0.55%	0.66%	0.55%
SCI	B	0.5%	0.23%	0.23%
SEIC	D	0.47%	0.3%	0.3%
SF	C	0.51%	0.41%	0.41%
SFM	B	0.63%	0.38%	0.38%
SIGI	D	0.42%	0.16%	0.16%
SLGN	B	0.51%	0.06%	0.06%
SNX	D	0.47%	0.07%	0.07%
SON	A	0.45%	0.05%	0.05%
SR	B	0.5%	0.23%	0.23%
STAG	B	0.54%	0.09%	0.09%
SWX	D	0.54%	0.21%	0.21%
THG	A	0.51%	0.19%	0.19%
TTEK	B	0.57%	0.16%	0.16%
TXRH	D	0.49%	0.57%	0.49%
USFD	B	0.53%	0.32%	0.32%
UTHR	B	0.7%	0.52%	0.52%
VNT	F	0.39%	0.26%	0.26%
VOYA	B	0.47%	0.28%	0.28%
VVV	D	0.46%	0.1%	0.1%
WEN	C	0.39%	0.56%	0.39%
WH	A	0.48%	0.1%	0.1%
WPC	A	0.49%	0.08%	0.08%
WTRG	D	0.49%	0.22%	0.22%
WTS	D	0.45%	0.1%	0.1%
WU	C	0.49%	0.28%	0.28%

HSMV Overweight 46 Positions Relative to SMDY

Symbol	Grade	Weight
IDCC	B	0.72%
LXP	B	0.72%
PLXS	B	0.65%
CPK	A	0.64%
NMIH	B	0.6%
ENSG	B	0.59%
INVA	B	0.58%
BCPC	C	0.58%
JJSF	C	0.57%
EPRT	A	0.56%
CTRE	A	0.56%
RDN	B	0.55%
COOP	B	0.55%
KFY	C	0.55%
FCPT	A	0.55%
PRGS	B	0.54%
AIN	D	0.54%
UNF	C	0.54%
NSIT	C	0.54%
ROIC	B	0.54%
PECO	A	0.53%
EFC	B	0.53%
CWT	B	0.53%
AWR	B	0.53%
FSS	D	0.52%
VRRM	D	0.52%
MCRI	A	0.51%
MSGS	B	0.51%
AVA	B	0.5%
EPC	C	0.5%
MOG.A	C	0.5%
WERN	D	0.49%
PBH	A	0.48%
AGO	D	0.47%
FELE	D	0.46%
IOSP	D	0.44%
ENR	B	0.43%
TNC	D	0.43%
EVTC	D	0.4%
ABM	C	0.36%
AIR	D	0.33%
CCOI	A	0.3%
GO	F	0.27%
PDCO	F	0.24%
PZZA	C	0.21%
LEG	D	0.2%

HSMV Underweight 240 Positions Relative to SMDY

Symbol	Grade	Weight
SMG	C	-1.8%
COTY	F	-1.58%
DOCS	B	-1.38%
CIEN	B	-1.36%
LITE	C	-1.34%
FYBR	A	-1.28%
IRDM	D	-1.1%
ZD	F	-0.97%
DT	A	-0.82%
QLYS	F	-0.69%
THC	B	-0.67%
LNW	B	-0.66%
ARMK	A	-0.61%
COKE	B	-0.58%
WING	C	-0.55%
AMKR	F	-0.53%
LAD	C	-0.52%
HALO	B	-0.52%
PAG	C	-0.49%
ILMN	B	-0.47%
MTSI	D	-0.47%
KBH	B	-0.46%
ERIE	A	-0.46%
AN	C	-0.46%
TOL	B	-0.45%
BMRN	D	-0.45%
WBS	D	-0.45%
TMHC	B	-0.45%
RGEN	C	-0.45%
SRPT	D	-0.45%
SLAB	D	-0.45%
PRGO	C	-0.44%
ONTO	D	-0.43%
CYTK	F	-0.43%
PSTG	F	-0.42%
BRBR	A	-0.42%
ASB	C	-0.42%
SYNA	F	-0.4%
POWI	F	-0.4%
NVST	C	-0.39%
ALGM	F	-0.39%
IBKR	B	-0.39%
MKSI	F	-0.39%
ARWR	F	-0.38%
UNM	B	-0.37%
PPC	B	-0.37%
LIVN	D	-0.36%
BHF	D	-0.36%
RMBS	F	-0.35%
MEDP	D	-0.35%
PCTY	C	-0.35%
LSCC	F	-0.35%
KMPR	C	-0.35%
DBX	D	-0.35%
MANH	B	-0.34%
EQH	C	-0.34%
AZTA	F	-0.34%
CAR	F	-0.33%
DAR	D	-0.33%
BURL	B	-0.33%
HAE	F	-0.33%
ESAB	D	-0.32%
WEX	C	-0.32%
NXST	D	-0.32%
CPRI	C	-0.32%
GHC	C	-0.32%
MORN	C	-0.31%
TKO	B	-0.31%
TEX	D	-0.3%
DKS	C	-0.3%
TGNA	D	-0.3%
APPF	D	-0.3%
CG	D	-0.29%
DUOL	B	-0.29%
JWN	A	-0.29%
ALTR	D	-0.28%
ST	D	-0.28%
NSP	F	-0.28%
EEFT	D	-0.28%
SKX	B	-0.27%
TTC	D	-0.27%
SLM	D	-0.27%
SAM	D	-0.27%
ALLY	C	-0.27%
WMG	F	-0.26%
HQY	D	-0.26%
CROX	C	-0.26%
CELH	F	-0.26%
THO	C	-0.25%
CGNX	D	-0.25%
TDC	F	-0.25%
OPCH	A	-0.25%
ZI	F	-0.24%
M	F	-0.24%
PLNT	A	-0.24%
PVH	F	-0.24%
AMED	B	-0.24%
CNXC	C	-0.24%
HOG	B	-0.24%
SHC	A	-0.23%
IPGP	F	-0.23%
UGI	C	-0.23%
PII	D	-0.23%
EXLS	B	-0.23%
ELF	F	-0.22%
BC	D	-0.22%
ENS	D	-0.21%
RYAN	B	-0.21%
OLLI	D	-0.21%
GME	C	-0.21%
AYI	C	-0.21%
FIVE	F	-0.2%
LNTH	C	-0.2%
KNSL	B	-0.2%
VC	F	-0.2%
PEN	C	-0.2%
XPO	D	-0.19%
WSM	D	-0.19%
FLR	C	-0.19%
BCO	B	-0.19%
DINO	F	-0.19%
RBA	B	-0.18%
XRAY	D	-0.18%
AVTR	B	-0.18%
PGNY	D	-0.18%
RH	F	-0.17%
HLI	B	-0.17%
ANF	D	-0.17%
X	F	-0.17%
CMC	D	-0.17%
SRCL	A	-0.17%
WHR	D	-0.17%
JLL	B	-0.17%
KD	D	-0.17%
NOV	F	-0.17%
GXO	D	-0.17%
CHX	D	-0.17%
WFRD	F	-0.16%
FIX	C	-0.16%
RCM	B	-0.16%
BRKR	C	-0.16%
PBF	F	-0.16%
UA	B	-0.16%
UAA	B	-0.16%
TPX	D	-0.16%
NEOG	D	-0.15%
MP	C	-0.15%
YETI	D	-0.15%
ASGN	D	-0.15%
NOVT	C	-0.14%
AA	F	-0.14%
UMBF	B	-0.14%
BYD	B	-0.14%
KNF	C	-0.14%
SAIA	D	-0.14%
BLD	D	-0.14%
VAL	F	-0.14%
CLF	F	-0.14%
MTZ	C	-0.14%
FND	C	-0.14%
CFR	C	-0.13%
HWC	C	-0.13%
MASI	D	-0.13%
COHR	C	-0.13%
LPX	B	-0.13%
BDC	B	-0.13%
FHN	C	-0.12%
WTFC	B	-0.12%
TCBI	A	-0.12%
VNO	B	-0.12%
AVNT	B	-0.11%
KRC	B	-0.11%
VSH	F	-0.11%
OLED	D	-0.11%
CUZ	A	-0.11%
TREX	F	-0.11%
PK	D	-0.1%
AXTA	C	-0.1%
CBT	B	-0.1%
LEA	F	-0.1%
HGV	D	-0.09%
RBC	C	-0.09%
SSD	D	-0.09%
WLK	D	-0.09%
H	C	-0.09%
NEU	D	-0.09%
ADNT	F	-0.09%
TNL	D	-0.09%
OC	D	-0.08%
VLY	C	-0.08%
FFIN	B	-0.08%
CR	C	-0.08%
GBCI	B	-0.08%
TPL	C	-0.08%
PNFP	B	-0.08%
GT	F	-0.08%
VAC	F	-0.08%
CNX	B	-0.08%
COLB	B	-0.08%
GTLS	F	-0.08%
SSB	B	-0.08%
RRX	D	-0.08%
HELE	D	-0.08%
OLN	F	-0.08%
TKR	D	-0.08%
WMS	D	-0.08%
VMI	C	-0.08%
AAON	C	-0.08%
CHRD	F	-0.07%
WSO	D	-0.07%
WCC	D	-0.07%
CIVI	F	-0.07%
CACC	F	-0.07%
WWD	D	-0.07%
OVV	F	-0.07%
IBOC	C	-0.07%
PR	D	-0.07%
OZK	D	-0.07%
CNM	F	-0.07%
MUR	F	-0.07%
EWBC	C	-0.07%
CADE	C	-0.07%
ZION	C	-0.07%
HOMB	B	-0.07%
UBSI	B	-0.07%
AIT	C	-0.07%
MTDR	F	-0.07%
KRG	B	-0.07%
CC	F	-0.07%
SNV	C	-0.07%
AR	F	-0.06%
UFPI	D	-0.06%
RRC	F	-0.06%
CHK	F	-0.06%
CCK	A	-0.06%
BERY	B	-0.06%
STWD	C	-0.06%
SWN	F	-0.06%
WOLF	F	-0.05%
GEF	D	-0.05%