HSMV vs. SMMV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV)

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

$37.51

Average Daily Volume

1,328

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

SMMV

iShares MSCI USA Small-Cap Min Vol Factor ETF

SMMV Description

iShares Edge MSCI Min Vol USA Small-Cap ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that, in the aggregate, have lower volatility characteristics relative to the small-capitalization U.S. equity market.

Grade (RS Rating)

Last Trade

$42.90

Average Daily Volume

34,833

Number of Holdings ^*

288

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	SMMV
30 Days	1.56%	3.77%
60 Days	4.15%	6.37%
90 Days	6.54%	8.79%
12 Months	24.37%	26.95%

63 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in SMMV	Overlap
ADC	A	1.29%	1.38%	1.29%
AM	B	1.19%	0.36%	0.36%
ASH	F	0.36%	0.24%	0.24%
ATR	A	2.16%	1.53%	1.53%
AVA	C	0.72%	0.19%	0.19%
AVT	C	0.5%	0.36%	0.36%
AWR	C	0.72%	0.18%	0.18%
BJ	B	0.37%	0.73%	0.37%
BLKB	C	0.42%	0.14%	0.14%
BWXT	B	0.47%	0.73%	0.47%
CACI	C	1.62%	0.94%	0.94%
CASY	B	0.25%	0.8%	0.25%
CHE	D	1.15%	1.29%	1.15%
CHH	B	0.55%	0.18%	0.18%
CPK	A	0.64%	0.07%	0.07%
CTRE	C	1.53%	0.65%	0.65%
CW	C	0.72%	0.74%	0.72%
CWT	D	0.51%	0.16%	0.16%
DCI	A	1.34%	0.31%	0.31%
DLB	D	0.88%	0.84%	0.84%
DTM	A	1.97%	1.08%	1.08%
EHC	B	0.92%	1.11%	0.92%
ENSG	C	0.75%	1.08%	0.75%
EXEL	B	0.39%	1.77%	0.39%
FCN	F	0.5%	0.63%	0.5%
FLO	F	1.12%	0.82%	0.82%
GNTX	C	0.98%	0.9%	0.9%
GPK	D	0.36%	0.11%	0.11%
HRB	D	0.26%	0.49%	0.26%
IDA	A	1.59%	1.04%	1.04%
IDCC	B	0.77%	0.3%	0.3%
INGR	B	1.74%	0.76%	0.76%
JAZZ	B	0.35%	0.41%	0.35%
JJSF	C	0.33%	0.5%	0.33%
KBR	D	0.91%	0.5%	0.5%
LANC	C	0.49%	0.35%	0.35%
LOPE	B	0.76%	0.7%	0.7%
LSTR	B	0.78%	0.82%	0.78%
MDU	D	0.61%	0.56%	0.56%
MMS	F	1.01%	0.26%	0.26%
MSA	D	0.81%	0.44%	0.44%
MSGS	B	1.41%	0.66%	0.66%
MSM	C	0.47%	0.6%	0.47%
MUSA	B	0.46%	1.5%	0.46%
NJR	A	1.19%	0.23%	0.23%
NWE	C	1.09%	0.61%	0.61%
NYT	C	0.97%	0.42%	0.42%
OGE	B	1.57%	1.12%	1.12%
OGS	B	0.69%	0.13%	0.13%
OHI	C	1.11%	0.6%	0.6%
ORI	A	1.69%	1.49%	1.49%
PBH	A	0.74%	0.74%	0.74%
PLXS	C	0.27%	0.11%	0.11%
POR	D	1.06%	0.48%	0.48%
POST	D	1.53%	0.77%	0.77%
PRGS	A	0.59%	0.51%	0.51%
RGA	A	0.65%	1.04%	0.65%
RGLD	C	0.33%	1.43%	0.33%
RLI	A	1.38%	1.16%	1.16%
RNR	D	0.66%	0.94%	0.66%
SAIC	D	0.44%	0.3%	0.3%
SCI	B	0.61%	0.26%	0.26%
SLGN	B	0.66%	0.13%	0.13%

HSMV Overweight 84 Positions Relative to SMMV

Symbol	Grade	Weight
SEIC	A	1.86%
FHI	A	1.23%
AMH	C	1.21%
NFG	D	1.14%
AFG	A	1.08%
GGG	B	1.02%
NNN	F	0.99%
GLPI	D	0.96%
BKH	A	0.87%
FCPT	C	0.82%
ELS	B	0.81%
CBSH	A	0.81%
EPR	D	0.79%
PRI	B	0.76%
EFC	C	0.75%
PECO	B	0.73%
SF	A	0.73%
CDP	C	0.67%
ESNT	D	0.66%
RPM	A	0.66%
JHG	A	0.65%
AGO	B	0.64%
EGP	D	0.63%
EPRT	C	0.63%
AMG	B	0.62%
SBRA	C	0.58%
FELE	B	0.57%
ACM	B	0.57%
GATX	B	0.56%
COLM	B	0.55%
RS	C	0.55%
MTG	C	0.54%
NMIH	D	0.54%
BCPC	B	0.53%
FLS	B	0.52%
FNF	C	0.49%
EPC	F	0.49%
BRX	A	0.47%
ARW	F	0.46%
CHDN	B	0.45%
JEF	B	0.45%
PFGC	B	0.45%
CNO	B	0.44%
PB	B	0.44%
FR	D	0.44%
LAMR	D	0.43%
ENR	A	0.42%
RYN	F	0.41%
CLH	B	0.4%
RDN	C	0.39%
ITT	A	0.38%
FNB	B	0.38%
FAF	C	0.38%
ABM	B	0.37%
EVR	B	0.36%
G	B	0.36%
IOSP	B	0.36%
LXP	D	0.35%
COOP	B	0.35%
LECO	C	0.35%
CSL	B	0.33%
MAN	F	0.32%
ONB	B	0.32%
KEX	A	0.31%
R	B	0.3%
OSK	B	0.29%
MTN	C	0.29%
ALV	C	0.29%
KFY	B	0.29%
AGCO	F	0.29%
MIDD	D	0.28%
EVTC	C	0.28%
ORA	B	0.27%
LFUS	D	0.25%
LII	B	0.25%
CUBE	D	0.24%
AIN	C	0.24%
HXL	F	0.23%
FSS	C	0.23%
IRT	A	0.22%
CRI	D	0.21%
PCH	F	0.19%
REXR	F	0.19%
NSA	D	0.13%

HSMV Underweight 225 Positions Relative to SMMV

Symbol	Grade	Weight
AXS	A	-1.24%
HQY	B	-1.18%
CVLT	B	-1.12%
SIGI	B	-1.11%
UNM	A	-1.07%
SFM	B	-1.04%
THG	A	-1.04%
PSN	C	-0.97%
WTM	A	-0.9%
PNW	A	-0.86%
NEU	C	-0.75%
ALKS	C	-0.71%
TXNM	A	-0.71%
CALM	B	-0.7%
CCOI	C	-0.7%
PAGP	C	-0.69%
RYAN	B	-0.68%
LRN	B	-0.67%
WEN	C	-0.65%
TKO	D	-0.64%
BRC	B	-0.63%
VNOM	C	-0.62%
TXRH	A	-0.61%
INSM	C	-0.61%
AMED	F	-0.59%
CCCS	B	-0.56%
GHC	B	-0.56%
PCVX	D	-0.55%
HESM	C	-0.53%
TGNA	B	-0.53%
PINC	B	-0.52%
IONS	F	-0.5%
CWAN	B	-0.5%
DRS	C	-0.49%
IBKR	A	-0.49%
FCFS	F	-0.49%
ECG	D	-0.49%
VIRT	B	-0.47%
LAUR	B	-0.47%
ESGR	B	-0.46%
CSWI	B	-0.46%
WERN	B	-0.45%
HURN	B	-0.44%
SON	F	-0.43%
MGEE	B	-0.42%
KNTK	B	-0.41%
EQC	C	-0.4%
XENE	C	-0.39%
ADUS	D	-0.39%
MCY	B	-0.38%
HLI	B	-0.37%
AGX	C	-0.36%
NSIT	F	-0.34%
CWST	B	-0.34%
BATRK	B	-0.34%
BHE	C	-0.34%
SNX	C	-0.33%
NHC	B	-0.33%
MGRC	B	-0.33%
SNDR	B	-0.32%
PRDO	B	-0.32%
INSW	F	-0.32%
UNF	B	-0.32%
REYN	D	-0.32%
HMN	B	-0.32%
PDCO	F	-0.32%
CORT	B	-0.31%
VRRM	D	-0.31%
SKWD	A	-0.3%
USLM	B	-0.29%
SMPL	B	-0.29%
AVPT	B	-0.28%
DVAX	B	-0.28%
DBX	B	-0.28%
GPOR	B	-0.28%
CRNX	B	-0.28%
GO	C	-0.28%
VVV	B	-0.27%
HWKN	C	-0.27%
CRAI	C	-0.26%
ALE	A	-0.26%
IDYA	F	-0.26%
WT	B	-0.25%
YELP	C	-0.25%
OSW	B	-0.25%
MIRM	B	-0.25%
EIG	A	-0.25%
OLLI	C	-0.25%
SAFT	B	-0.24%
PPC	C	-0.24%
AMSF	B	-0.21%
LBTYK	F	-0.21%
COLL	F	-0.21%
WABC	B	-0.21%
INVA	C	-0.21%
ADMA	C	-0.21%
PJT	B	-0.2%
RARE	F	-0.2%
NTST	F	-0.2%
EDR	B	-0.19%
IMKTA	B	-0.19%
OPCH	F	-0.19%
KRP	B	-0.19%
HCC	C	-0.18%
NTCT	B	-0.18%
ICFI	C	-0.18%
SWX	B	-0.17%
CNX	B	-0.17%
ATEN	A	-0.17%
WMK	B	-0.17%
KNSA	D	-0.17%
BFC	B	-0.17%
ARCH	B	-0.16%
VVX	C	-0.16%
SPNT	B	-0.16%
IRON	C	-0.16%
CNXN	C	-0.16%
CXW	B	-0.16%
ATGE	C	-0.15%
IDT	B	-0.15%
CIEN	B	-0.15%
HALO	C	-0.15%
HCKT	B	-0.14%
DJCO	B	-0.14%
HSTM	B	-0.14%
KRYS	C	-0.14%
JBSS	F	-0.14%
ZYME	B	-0.14%
PRGO	C	-0.14%
SMP	B	-0.13%
SPTN	F	-0.13%
REX	C	-0.13%
RGR	F	-0.13%
NABL	F	-0.12%
GTX	D	-0.12%
ACLX	C	-0.12%
EBF	C	-0.11%
VREX	C	-0.11%
CHCO	B	-0.11%
LTC	B	-0.11%
UVE	B	-0.11%
SHEN	F	-0.11%
USM	C	-0.11%
NTNX	B	-0.11%
LMAT	B	-0.11%
UFCS	B	-0.1%
IRWD	D	-0.1%
MCS	A	-0.1%
AGIO	B	-0.1%
KELYA	F	-0.1%
ACEL	B	-0.1%
SPRY	C	-0.1%
LQDT	B	-0.1%
EWTX	C	-0.09%
GWRE	A	-0.09%
CRVL	B	-0.09%
VITL	F	-0.09%
HCI	B	-0.09%
YORW	F	-0.09%
EPAC	B	-0.09%
ALRM	C	-0.09%
DHIL	A	-0.09%
NPK	B	-0.08%
FC	F	-0.08%
CCRN	F	-0.08%
NTGR	B	-0.08%
BBSI	B	-0.08%
ANIP	C	-0.08%
GEO	B	-0.08%
FRPH	B	-0.08%
THS	F	-0.08%
MATX	B	-0.08%
TARS	C	-0.08%
TIPT	B	-0.08%
STRA	C	-0.08%
ITCI	B	-0.08%
CEIX	B	-0.08%
IMAX	B	-0.07%
CART	C	-0.07%
OSIS	B	-0.07%
ATEX	F	-0.07%
ACHC	F	-0.07%
WINA	B	-0.07%
DORM	B	-0.07%
LQDA	D	-0.07%
COKE	C	-0.06%
NRC	F	-0.06%
ADEA	C	-0.06%
RMR	F	-0.06%
BTU	C	-0.06%
KROS	C	-0.06%
CGON	D	-0.06%
IMNM	F	-0.06%
UTI	B	-0.06%
HG	C	-0.06%
TBPH	B	-0.06%
SENEA	B	-0.06%
ACT	C	-0.06%
SR	C	-0.06%
RAMP	C	-0.06%
CLW	F	-0.06%
CNSL	C	-0.06%
BOX	A	-0.06%
CRGX	F	-0.05%
DAWN	D	-0.05%
METC	C	-0.05%
IRMD	B	-0.05%
ACAD	C	-0.05%
UTZ	F	-0.05%
IMXI	B	-0.05%
AESI	F	-0.05%
SCHL	F	-0.05%
SEB	F	-0.05%
USPH	C	-0.05%
BATRA	C	-0.05%
PBF	F	-0.05%
ROG	D	-0.04%
GNK	C	-0.04%
SWBI	D	-0.04%
ANAB	F	-0.04%
DK	D	-0.04%
TH	C	-0.04%
CGEM	F	-0.03%
MITK	C	-0.03%
ITOS	F	-0.02%