HSMV vs. XMLV ETF Comparison

Comparison of First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) to PowerShares S&P MidCap Low Volatility Portfolio (XMLV)

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

$36.39

Average Daily Volume

1,160

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

XMLV

PowerShares S&P MidCap Low Volatility Portfolio

XMLV Description

The PowerShares S&P MidCap Low Volatility Portfolio (Fund) is based on the S&P MidCap 400 Low Volatility Index (Index). The Fund generally will invest at least 90% of its total assets in common stocks that comprise the Index. The Index is compiled, maintained and calculated by Standard & Poor's, consisting of 80 out of 400 medium-capitalization range securities from the S&P MidCap 400 Index with the lowest realized volatility over the past 12 months. Volatility is a statistical measurement of the magnitude of up and down asset price fluctuations over time. The Fund and the Index are rebalanced and reconstituted quarterly.

Grade (RS Rating)

Last Trade

$60.99

Average Daily Volume

44,430

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	HSMV	XMLV
30 Days	1.88%	2.81%
60 Days	7.16%	8.58%
90 Days	10.13%	12.34%
12 Months	25.86%	28.03%

61 Overlapping Holdings

Symbol	Grade	Weight in HSMV	Weight in XMLV	Overlap
ACM	A	0.56%	1.26%	0.56%
ADC	C	1.33%	1.31%	1.31%
AFG	A	1.08%	1.28%	1.08%
AM	A	1.2%	1.37%	1.2%
AMG	B	0.61%	1.24%	0.61%
AMH	D	1.31%	1.24%	1.24%
ATR	A	2.04%	1.69%	1.69%
AVT	B	0.52%	1.14%	0.52%
BKH	C	0.89%	1.13%	0.89%
BRX	C	0.46%	1.15%	0.46%
CACI	A	1.48%	1.45%	1.45%
CHE	D	1.29%	1.28%	1.28%
CW	A	0.63%	1.65%	0.63%
DCI	B	1.33%	1.38%	1.33%
DLB	D	0.93%	1.07%	0.93%
DTM	A	1.62%	1.49%	1.49%
EGP	D	0.7%	1.23%	0.7%
EHC	C	0.91%	1.4%	0.91%
ELS	D	0.83%	1.21%	0.83%
EPR	C	0.89%	1.33%	0.89%
ESNT	A	0.78%	1.28%	0.78%
FHI	A	1.14%	1.4%	1.14%
FLO	D	1.26%	1.22%	1.22%
FLS	A	0.47%	1.24%	0.47%
FR	D	0.48%	1.17%	0.48%
G	A	0.31%	1.24%	0.31%
GATX	F	0.51%	1.05%	0.51%
GGG	C	1.04%	1.33%	1.04%
GLPI	C	1.04%	1.32%	1.04%
GNTX	D	1.06%	1.28%	1.06%
IDA	D	1.46%	1.33%	1.33%
INGR	B	1.67%	1.41%	1.41%
JEF	A	0.39%	1.2%	0.39%
JHG	A	0.58%	1.19%	0.58%
KBR	A	0.85%	1.08%	0.85%
LSTR	F	0.78%	1.15%	0.78%
MAN	D	0.38%	1.09%	0.38%
MDU	C	0.97%	1.31%	0.97%
MMS	C	1.06%	1.14%	1.06%
MSA	F	0.87%	1.13%	0.87%
MTG	A	0.57%	1.2%	0.57%
MUSA	D	0.46%	1.04%	0.46%
NFG	A	1.15%	1.19%	1.15%
NJR	C	1.22%	1.3%	1.22%
NNN	C	1.16%	1.29%	1.16%
NWE	C	1.18%	1.31%	1.18%
NYT	C	1.02%	1.08%	1.02%
OGE	C	1.53%	1.35%	1.35%
OGS	C	0.71%	1.17%	0.71%
OHI	C	1.13%	1.26%	1.13%
ORI	A	1.7%	1.39%	1.39%
POR	D	1.11%	1.18%	1.11%
POST	C	1.7%	1.32%	1.32%
PRI	A	0.71%	1.21%	0.71%
RGA	B	0.65%	1.37%	0.65%
RLI	A	1.28%	1.27%	1.27%
RPM	A	0.63%	1.22%	0.63%
SBRA	C	0.57%	1.17%	0.57%
SEIC	B	1.65%	1.56%	1.56%
SF	A	0.6%	1.33%	0.6%
SLGN	B	0.66%	1.14%	0.66%

HSMV Overweight 85 Positions Relative to XMLV

Symbol	Grade	Weight
CTRE	C	1.6%
MSGS	A	1.37%
FCPT	C	0.9%
EFC	D	0.83%
AVA	D	0.77%
ENSG	D	0.77%
PECO	C	0.72%
AWR	B	0.71%
CBSH	D	0.71%
RNR	A	0.7%
EPRT	C	0.68%
PBH	D	0.68%
LOPE	D	0.67%
CPK	C	0.65%
NMIH	B	0.61%
AGO	B	0.6%
FCN	C	0.59%
IDCC	A	0.59%
PRGS	A	0.59%
SCI	D	0.58%
FELE	C	0.57%
COLM	B	0.56%
BCPC	C	0.54%
CWT	D	0.54%
ARW	C	0.54%
RS	D	0.52%
FNF	C	0.52%
EPC	F	0.52%
CHH	A	0.52%
LANC	F	0.47%
MSM	D	0.47%
LAMR	C	0.46%
RYN	C	0.45%
CHDN	C	0.44%
PFGC	A	0.43%
ASH	F	0.42%
BWXT	A	0.42%
BLKB	C	0.42%
FAF	C	0.41%
SAIC	A	0.41%
RDN	D	0.41%
PB	D	0.4%
CLH	B	0.39%
ENR	B	0.39%
CNO	B	0.39%
ITT	C	0.38%
LXP	D	0.38%
GPK	D	0.38%
RGLD	C	0.35%
ABM	D	0.35%
IOSP	F	0.35%
BJ	B	0.35%
CSL	A	0.34%
AGCO	D	0.33%
FNB	D	0.33%
JJSF	C	0.33%
COOP	B	0.33%
LECO	D	0.33%
MTN	D	0.31%
JAZZ	F	0.31%
EXEL	B	0.3%
KEX	C	0.3%
EVR	C	0.3%
MIDD	D	0.29%
CRI	D	0.28%
HRB	C	0.28%
ALV	F	0.28%
ONB	D	0.28%
KFY	C	0.28%
CUBE	C	0.27%
LFUS	C	0.27%
EVTC	D	0.27%
R	C	0.27%
LII	C	0.26%
ORA	C	0.26%
OSK	F	0.26%
AIN	F	0.26%
FSS	D	0.25%
HXL	F	0.24%
PLXS	A	0.24%
REXR	D	0.24%
CASY	D	0.24%
IRT	D	0.23%
PCH	C	0.21%
NSA	D	0.15%

HSMV Underweight 18 Positions Relative to XMLV

Symbol	Grade	Weight
VOYA	A	-1.5%
PNM	B	-1.4%
THG	A	-1.35%
SON	D	-1.34%
IBKR	A	-1.28%
HLI	A	-1.27%
SR	D	-1.27%
USFD	C	-1.23%
UNM	A	-1.22%
ALE	A	-1.18%
SNX	C	-1.18%
STAG	D	-1.16%
GEF	B	-1.14%
TXRH	A	-1.13%
PPC	C	-1.09%
NEU	F	-1.08%
WTRG	D	-1.01%
CHRD	F	-0.89%