PAPI vs. HSMV ETF Comparison

Comparison of Parametric Equity Premium Income ETF (PAPI) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

PAPI

Parametric Equity Premium Income ETF

PAPI Description

The fund is an actively managed exchange-traded fund. Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities. Equity securities in which the fund may invest include common stocks.

Grade (RS Rating)

Last Trade

$27.43

Average Daily Volume

34,067

Number of Holdings ^*

189

* may have additional holdings in another (foreign) market

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

1,308

Number of Holdings ^*

147

* may have additional holdings in another (foreign) market

Performance

Period	PAPI	HSMV
30 Days	-0.81%	0.55%
60 Days	1.91%	3.41%
90 Days	3.47%	5.39%
12 Months	16.89%	24.54%

33 Overlapping Holdings

Symbol	Grade	Weight in PAPI	Weight in HSMV	Overlap
AFG	A	0.56%	1.08%	0.56%
AM	A	0.53%	1.19%	0.53%
ASH	F	0.46%	0.36%	0.36%
ATR	B	0.55%	2.16%	0.55%
AVT	C	0.51%	0.5%	0.5%
CHE	F	0.49%	1.15%	0.49%
COLM	B	0.53%	0.55%	0.53%
CRI	F	0.4%	0.21%	0.21%
DCI	B	0.55%	1.34%	0.55%
DLB	F	0.52%	0.88%	0.52%
DTM	A	0.61%	1.97%	0.61%
ESNT	D	0.47%	0.66%	0.47%
FLO	D	0.49%	1.12%	0.49%
FNF	A	0.51%	0.49%	0.49%
GGG	B	0.54%	1.02%	0.54%
GNTX	F	0.54%	0.98%	0.54%
IDA	A	0.6%	1.59%	0.6%
IDCC	B	0.63%	0.77%	0.63%
INGR	B	0.58%	1.74%	0.58%
JHG	B	0.58%	0.65%	0.58%
MAN	F	0.45%	0.32%	0.32%
MSM	D	0.57%	0.47%	0.47%
MTG	D	0.5%	0.54%	0.5%
MTN	C	0.56%	0.29%	0.29%
NFG	A	0.52%	1.14%	0.52%
NYT	D	0.52%	0.97%	0.52%
OGE	A	0.56%	1.57%	0.56%
OGS	A	0.53%	0.69%	0.53%
ORI	A	0.53%	1.69%	0.53%
PB	A	0.59%	0.44%	0.44%
POR	C	0.51%	1.06%	0.51%
RGLD	C	0.5%	0.33%	0.33%
RS	B	0.58%	0.55%	0.55%

PAPI Overweight 156 Positions Relative to HSMV

Symbol	Grade	Weight
GRMN	B	0.66%
SNA	B	0.64%
BKR	B	0.63%
IP	A	0.63%
EMR	A	0.61%
PINC	B	0.61%
FOXA	B	0.59%
JCI	B	0.59%
RHI	C	0.59%
UNM	A	0.59%
CFR	B	0.59%
EA	A	0.59%
LH	B	0.59%
FOX	A	0.59%
OKE	A	0.59%
CINF	A	0.58%
CAH	B	0.58%
TAP	B	0.58%
WMB	A	0.58%
TXRH	B	0.57%
UNH	C	0.57%
SRE	A	0.57%
WSO	A	0.57%
PKG	B	0.57%
MO	A	0.57%
DGX	A	0.57%
KMI	A	0.57%
TROW	B	0.56%
ADP	B	0.56%
TXN	C	0.56%
CTRA	B	0.56%
TRV	A	0.56%
CMI	A	0.56%
GILD	C	0.56%
SYK	A	0.56%
RF	A	0.56%
XEL	A	0.56%
FAST	B	0.56%
AEE	A	0.55%
PAYX	B	0.55%
HPE	B	0.55%
HP	C	0.55%
CSCO	B	0.55%
EVRG	A	0.55%
CMCSA	B	0.55%
CVX	A	0.55%
EOG	A	0.55%
COST	A	0.55%
GLW	B	0.55%
COR	B	0.55%
COP	B	0.55%
CTSH	C	0.55%
LHX	B	0.55%
WHR	B	0.55%
ATO	A	0.54%
PPL	A	0.54%
PAG	B	0.54%
T	A	0.54%
TJX	A	0.54%
GD	D	0.54%
BMI	C	0.54%
DRI	C	0.54%
WMT	A	0.54%
PM	A	0.54%
OXM	F	0.53%
HPQ	B	0.53%
CHRD	F	0.53%
POWI	D	0.53%
ROP	C	0.53%
VLO	C	0.53%
CHD	A	0.53%
MSFT	D	0.53%
DOX	D	0.53%
MDT	D	0.52%
OMC	C	0.52%
CALM	A	0.52%
ABT	A	0.52%
PRU	B	0.52%
WEC	A	0.52%
MOS	D	0.52%
CME	A	0.52%
XOM	B	0.52%
PEG	C	0.51%
LNT	A	0.51%
PG	C	0.51%
BDX	F	0.51%
DINO	D	0.51%
DD	D	0.51%
PSX	C	0.51%
ADI	D	0.51%
ACN	C	0.51%
HIG	B	0.51%
CTVA	C	0.51%
HRL	D	0.51%
LKQ	F	0.51%
EXPD	D	0.51%
SNX	D	0.51%
RTX	D	0.51%
D	C	0.5%
DVN	F	0.5%
PEP	F	0.5%
CCOI	B	0.5%
FE	C	0.5%
CI	D	0.5%
AFL	C	0.5%
SO	C	0.5%
APD	A	0.5%
QCOM	F	0.5%
JKHY	D	0.5%
PFG	C	0.5%
UPS	C	0.5%
EMN	D	0.49%
JNJ	D	0.49%
LEA	F	0.49%
CAG	F	0.49%
DUK	C	0.49%
SON	F	0.49%
LIN	D	0.49%
KMB	C	0.48%
LYB	F	0.48%
KDP	D	0.48%
AOS	F	0.48%
ED	C	0.48%
IPG	F	0.48%
PPG	F	0.48%
AEP	C	0.48%
BG	D	0.48%
WEN	C	0.48%
VZ	C	0.48%
SHOO	D	0.48%
RPRX	F	0.48%
AMCR	D	0.47%
HAS	D	0.47%
SWKS	F	0.47%
FMC	D	0.47%
MRK	F	0.47%
KHC	F	0.47%
DHR	D	0.47%
WU	F	0.47%
BBY	D	0.47%
ABBV	F	0.47%
IBM	C	0.47%
ADM	D	0.46%
KO	D	0.46%
LEN	D	0.46%
PFE	F	0.46%
DOW	F	0.45%
INSW	F	0.45%
GPC	F	0.45%
HUN	F	0.44%
ELV	F	0.44%
PII	F	0.42%
CVI	D	0.41%
HII	F	0.41%
NEM	D	0.39%
SCCO	F	0.0%

PAPI Underweight 114 Positions Relative to HSMV

Symbol	Grade	Weight
SEIC	B	-1.86%
CACI	C	-1.62%
CTRE	C	-1.53%
POST	C	-1.53%
MSGS	B	-1.41%
RLI	A	-1.38%
ADC	A	-1.29%
FHI	B	-1.23%
AMH	C	-1.21%
NJR	A	-1.19%
OHI	B	-1.11%
NWE	C	-1.09%
MMS	D	-1.01%
NNN	C	-0.99%
GLPI	C	-0.96%
EHC	B	-0.92%
KBR	F	-0.91%
BKH	A	-0.87%
FCPT	C	-0.82%
ELS	B	-0.81%
MSA	D	-0.81%
CBSH	A	-0.81%
EPR	D	-0.79%
LSTR	D	-0.78%
PRI	A	-0.76%
LOPE	B	-0.76%
ENSG	D	-0.75%
EFC	C	-0.75%
PBH	A	-0.74%
PECO	A	-0.73%
SF	B	-0.73%
AWR	A	-0.72%
CW	B	-0.72%
AVA	C	-0.72%
CDP	C	-0.67%
RNR	C	-0.66%
SLGN	A	-0.66%
RPM	B	-0.66%
RGA	B	-0.65%
CPK	A	-0.64%
AGO	A	-0.64%
EGP	D	-0.63%
EPRT	A	-0.63%
AMG	C	-0.62%
SCI	A	-0.61%
MDU	D	-0.61%
PRGS	B	-0.59%
SBRA	B	-0.58%
FELE	B	-0.57%
ACM	B	-0.57%
GATX	B	-0.56%
CHH	A	-0.55%
NMIH	D	-0.54%
BCPC	B	-0.53%
FLS	A	-0.52%
CWT	C	-0.51%
FCN	F	-0.5%
LANC	D	-0.49%
EPC	F	-0.49%
BRX	A	-0.47%
BWXT	A	-0.47%
MUSA	B	-0.46%
ARW	F	-0.46%
CHDN	C	-0.45%
JEF	A	-0.45%
PFGC	B	-0.45%
CNO	B	-0.44%
SAIC	F	-0.44%
FR	C	-0.44%
LAMR	D	-0.43%
BLKB	B	-0.42%
ENR	B	-0.42%
RYN	D	-0.41%
CLH	C	-0.4%
RDN	D	-0.39%
EXEL	B	-0.39%
ITT	A	-0.38%
FNB	B	-0.38%
FAF	C	-0.38%
BJ	B	-0.37%
ABM	B	-0.37%
EVR	B	-0.36%
G	B	-0.36%
GPK	D	-0.36%
IOSP	C	-0.36%
JAZZ	C	-0.35%
LXP	D	-0.35%
COOP	B	-0.35%
LECO	C	-0.35%
JJSF	C	-0.33%
CSL	C	-0.33%
ONB	B	-0.32%
KEX	B	-0.31%
R	B	-0.3%
OSK	C	-0.29%
ALV	C	-0.29%
KFY	B	-0.29%
AGCO	F	-0.29%
MIDD	D	-0.28%
EVTC	B	-0.28%
PLXS	B	-0.27%
ORA	B	-0.27%
HRB	D	-0.26%
LFUS	D	-0.25%
CASY	A	-0.25%
LII	A	-0.25%
CUBE	C	-0.24%
AIN	C	-0.24%
HXL	F	-0.23%
FSS	B	-0.23%
IRT	A	-0.22%
PCH	D	-0.19%
REXR	F	-0.19%
NSA	C	-0.13%