HUSV vs. FHEQ ETF Comparison

Comparison of First Trust Horizon Managed Volatility Domestic ETF (HUSV) to Fidelity Hedged Equity ETF (FHEQ)

HUSV

First Trust Horizon Managed Volatility Domestic ETF

HUSV Description

The First Trust Horizon Managed Volatility Domestic ETF is an actively managed exchange-traded fund. The Fund's investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks of domestic companies listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Grade (RS Rating)

Last Trade

$39.34

Average Daily Volume

4,973

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FHEQ

Fidelity Hedged Equity ETF

FHEQ Description

FHEQ is actively managed, investing in equity securities with market caps similar to the S&P 500 and Russell 1000. The fund utilizes quantitative analysis and options for downside protection.

Grade (RS Rating)

Last Trade

$27.87

Average Daily Volume

24,517

Number of Holdings ^*

168

* may have additional holdings in another (foreign) market

Performance

Period	HUSV	FHEQ
30 Days	1.70%	2.51%
60 Days	3.21%	3.80%
90 Days	4.88%	4.54%
12 Months	21.41%

29 Overlapping Holdings

Symbol	Grade	Weight in HUSV	Weight in FHEQ	Overlap
ABBV	D	0.48%	1.0%	0.48%
ADP	B	1.33%	0.16%	0.16%
BDX	F	0.66%	0.59%	0.59%
BRK.A	B	2.53%	2.19%	2.19%
CL	D	2.17%	0.58%	0.58%
CME	A	1.2%	0.37%	0.37%
CSCO	B	2.22%	0.79%	0.79%
CTAS	B	1.12%	0.66%	0.66%
ECL	D	0.61%	0.62%	0.61%
HD	A	0.38%	1.32%	0.38%
HLT	A	0.66%	0.18%	0.18%
JNJ	D	1.37%	0.61%	0.61%
L	A	1.83%	0.07%	0.07%
LMT	D	1.87%	0.69%	0.69%
MA	C	1.33%	1.34%	1.33%
MMC	B	2.33%	0.52%	0.52%
MSFT	F	2.08%	5.64%	2.08%
MSI	B	2.45%	0.26%	0.26%
NOC	D	0.71%	0.56%	0.56%
PG	A	1.81%	0.87%	0.87%
PM	B	1.43%	0.92%	0.92%
RSG	A	2.48%	0.2%	0.2%
RTX	C	0.91%	0.44%	0.44%
SPGI	C	0.92%	0.28%	0.28%
TJX	A	1.05%	0.73%	0.73%
TMUS	B	1.5%	0.29%	0.29%
UNP	C	0.78%	0.73%	0.73%
V	A	1.3%	0.47%	0.47%
WM	A	0.86%	0.38%	0.38%

HUSV Overweight 45 Positions Relative to FHEQ

Symbol	Grade	Weight
PTC	A	2.41%
KO	D	2.22%
ROP	B	2.22%
CTSH	B	2.07%
LIN	D	2.02%
VRSN	F	1.9%
ITW	B	1.85%
TDY	B	1.81%
FE	C	1.79%
ATO	A	1.79%
ICE	C	1.76%
IBM	C	1.67%
KMI	A	1.54%
NI	A	1.5%
PPL	B	1.43%
KDP	D	1.37%
MCD	D	1.36%
EVRG	A	1.36%
FI	A	1.36%
HON	B	1.34%
DUK	C	1.29%
PEP	F	1.24%
YUM	B	1.21%
MO	A	1.2%
CMS	C	1.14%
COR	B	1.1%
AVY	D	1.09%
WTW	B	1.02%
WMB	A	1.01%
EA	A	1.0%
GD	F	0.95%
ABT	B	0.89%
ED	D	0.86%
OKE	A	0.86%
ORLY	B	0.83%
EQR	B	0.83%
AVB	B	0.81%
BSX	B	0.8%
HOLX	D	0.77%
WELL	A	0.73%
MDT	D	0.65%
O	D	0.63%
SYK	C	0.61%
LYB	F	0.51%
AZO	C	0.5%

HUSV Underweight 139 Positions Relative to FHEQ

Symbol	Grade	Weight
AAPL	C	-7.31%
NVDA	C	-7.27%
AMZN	C	-3.64%
META	D	-2.87%
GOOGL	C	-2.02%
JPM	A	-1.82%
GOOG	C	-1.74%
XOM	B	-1.54%
AVGO	D	-1.49%
TSLA	B	-1.26%
NFLX	A	-1.26%
BAC	A	-1.17%
CRM	B	-1.09%
ADBE	C	-0.93%
QCOM	F	-0.84%
CMCSA	B	-0.83%
WMT	A	-0.8%
LLY	F	-0.76%
NEE	D	-0.73%
GILD	C	-0.73%
AMAT	F	-0.7%
MRK	F	-0.69%
TT	A	-0.69%
BMY	B	-0.68%
T	A	-0.67%
CI	F	-0.63%
PGR	A	-0.63%
SQ	B	-0.59%
UNH	C	-0.57%
DIS	B	-0.57%
SCHW	B	-0.56%
PFE	D	-0.56%
SEIC	B	-0.54%
C	A	-0.54%
PYPL	B	-0.54%
KLAC	D	-0.54%
DVN	F	-0.53%
ZM	B	-0.52%
CVNA	B	-0.52%
TXT	D	-0.51%
DBX	B	-0.51%
MSCI	C	-0.49%
CMG	B	-0.49%
TRV	B	-0.49%
CAT	B	-0.48%
MU	D	-0.47%
ZBRA	B	-0.47%
GE	D	-0.45%
IGT	F	-0.45%
COST	B	-0.45%
ALLE	D	-0.44%
EOG	A	-0.43%
CSX	B	-0.43%
AXP	A	-0.43%
EXEL	B	-0.43%
PCAR	B	-0.42%
CAH	B	-0.4%
ALRM	C	-0.4%
BK	A	-0.36%
TDC	D	-0.35%
PPG	F	-0.34%
NOW	A	-0.34%
ANF	C	-0.33%
LDOS	C	-0.32%
NUE	C	-0.32%
MEDP	D	-0.31%
GRMN	B	-0.31%
CACI	D	-0.3%
SKYW	B	-0.29%
HWM	A	-0.27%
INCY	C	-0.27%
TMO	F	-0.26%
IDXX	F	-0.26%
NSC	B	-0.26%
FTNT	C	-0.24%
AMT	D	-0.24%
AMGN	D	-0.24%
BLK	C	-0.23%
TROW	B	-0.23%
LRCX	F	-0.23%
LHX	C	-0.23%
AME	A	-0.22%
MGM	D	-0.22%
CVS	D	-0.22%
MMM	D	-0.22%
BIIB	F	-0.21%
XEL	A	-0.21%
GL	B	-0.2%
CLX	B	-0.2%
PSA	D	-0.19%
GAP	C	-0.18%
DOCU	A	-0.18%
VZ	C	-0.18%
GEHC	F	-0.17%
LNW	D	-0.17%
FTI	A	-0.17%
WDAY	B	-0.16%
SPG	B	-0.16%
MS	A	-0.16%
PEGA	A	-0.16%
F	C	-0.15%
TPH	D	-0.15%
ETN	A	-0.15%
WFC	A	-0.15%
UBER	D	-0.14%
GEN	B	-0.13%
DASH	A	-0.12%
VEEV	C	-0.12%
CINF	A	-0.12%
SOLV	C	-0.12%
NBIX	C	-0.11%
BBWI	D	-0.11%
QRVO	F	-0.11%
VST	B	-0.11%
KR	B	-0.11%
ROST	C	-0.1%
PLTK	B	-0.1%
MKL	A	-0.09%
BAH	F	-0.09%
ANET	C	-0.08%
DOC	D	-0.08%
ALL	A	-0.07%
BCC	B	-0.07%
MDLZ	F	-0.07%
TENB	C	-0.06%
CRUS	D	-0.06%
LYFT	C	-0.06%
BLD	D	-0.05%
UTHR	C	-0.05%
ORCL	B	-0.04%
QGEN	D	-0.04%
SCCO	F	-0.04%
LPLA	A	-0.03%
CVX	A	-0.02%
MHO	D	-0.02%
TWLO	A	-0.02%
UNM	A	-0.01%
NWL	B	-0.01%
OGE	B	-0.01%