SMLV vs. AIRR ETF Comparison

Comparison of SPDR Russell 2000 Low Volatility (SMLV) to First Trust RBA American Industrial Renaissance ETF (AIRR)

SMLV

SPDR Russell 2000 Low Volatility

SMLV Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of a small cap, low volatility index. The fund employs a sampling strategy, which means that the fund is not required to purchase all of the securities represented in the index. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index includes small cap U.S. equity securities, including business development companies, and is designed to deliver exposure to low volatility. It is non-diversified.

Grade (RS Rating)

Last Trade

$137.04

Average Daily Volume

5,477

Number of Holdings ^*

404

* may have additional holdings in another (foreign) market

AIRR

First Trust RBA American Industrial Renaissance ETF

AIRR Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Richard Bernstein Advisors American Industrial Renaissance Index (the "index"). The fund will normally invest at least 90% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. equity securities that comprise the index. The index is designed to measure the performance of small and mid cap U.S. companies in the industrial and community banking sectors. It is non-diversified.

Grade (RS Rating)

Last Trade

$84.32

Average Daily Volume

355,464

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SMLV	AIRR
30 Days	7.46%	7.54%
60 Days	7.94%	10.85%
90 Days	12.42%	16.96%
12 Months	37.23%	62.87%

12 Overlapping Holdings

Symbol	Grade	Weight in SMLV	Weight in AIRR	Overlap
ACA	A	0.13%	1.75%	0.13%
FCF	B	1.02%	0.67%	0.67%
FSS	B	0.11%	2.38%	0.11%
FULT	B	0.98%	0.94%	0.94%
LKFN	B	0.81%	0.57%	0.57%
MRCY	C	0.08%	1.28%	0.08%
MWA	B	0.12%	1.74%	0.12%
ONB	B	1.44%	1.38%	1.38%
PRIM	A	0.11%	2.63%	0.11%
PRK	B	1.42%	0.78%	0.78%
ROAD	B	0.14%	2.16%	0.14%
TRNS	F	0.07%	0.53%	0.07%

SMLV Overweight 392 Positions Relative to AIRR

Symbol	Grade	Weight
PJT	B	1.89%
CBU	B	1.65%
THG	A	1.63%
NNI	D	1.56%
VIRT	A	1.49%
NBTB	B	1.37%
CHCO	B	1.25%
FFIN	B	1.19%
NWBI	B	1.17%
NBHC	B	1.15%
CNO	B	1.14%
SYBT	B	1.13%
ESGR	B	1.12%
SASR	B	1.09%
EFSC	B	1.08%
HMN	B	1.08%
IBOC	B	1.07%
TOWN	B	1.06%
MGRC	B	1.02%
GBCI	B	1.02%
GCMG	A	1.01%
TRMK	B	1.0%
QCRH	B	0.97%
NIC	B	0.96%
BUSE	B	0.96%
WABC	B	0.95%
HOMB	B	0.93%
WAFD	B	0.93%
STBA	B	0.91%
WSBC	B	0.89%
EIG	B	0.86%
SFNC	B	0.85%
GABC	B	0.84%
BLX	B	0.84%
AGM	B	0.83%
RDN	D	0.82%
SAFT	B	0.79%
PEBO	B	0.77%
SRCE	B	0.76%
AMSF	B	0.73%
BRKL	B	0.72%
WU	F	0.71%
FBMS	B	0.68%
CTBI	B	0.68%
SBSI	B	0.67%
OBK	B	0.65%
EVTC	C	0.65%
EQC	A	0.64%
TMP	B	0.63%
PAX	C	0.61%
OKLO	C	0.61%
BFC	B	0.6%
HFWA	B	0.59%
UVSP	B	0.59%
FMBH	B	0.57%
CFFN	B	0.56%
BHRB	B	0.56%
NFG	A	0.48%
FCBC	B	0.48%
TRST	B	0.44%
CAC	B	0.44%
MCBS	B	0.4%
TRIN	A	0.4%
AGX	B	0.38%
AROW	B	0.37%
GSBC	B	0.37%
CCNE	B	0.37%
FMNB	B	0.36%
THFF	B	0.36%
NFBK	B	0.35%
HTBI	B	0.35%
ESQ	B	0.34%
HONE	B	0.34%
BHB	B	0.34%
CCBG	B	0.33%
SMBK	B	0.33%
MPB	B	0.31%
KRNY	B	0.31%
SPFI	B	0.3%
DHIL	A	0.3%
HIFS	B	0.29%
BSRR	C	0.28%
ORRF	B	0.27%
FMAO	B	0.27%
ALRS	D	0.27%
IDA	A	0.26%
FLO	D	0.26%
EBF	F	0.25%
ACNB	B	0.25%
FBIZ	A	0.25%
FSBC	B	0.24%
GLRE	B	0.24%
HBCP	B	0.23%
EBTC	B	0.23%
WTBA	B	0.23%
PFIS	B	0.23%
PNM	B	0.23%
MGEE	B	0.23%
NWE	C	0.22%
BWB	B	0.21%
BKH	A	0.21%
NHC	C	0.21%
CZNC	B	0.2%
FSBW	B	0.2%
SLGN	A	0.2%
CPK	A	0.2%
PECO	B	0.2%
ARTNA	F	0.19%
SR	A	0.19%
SBR	B	0.19%
NWN	A	0.19%
CSWI	B	0.19%
GNTY	A	0.19%
FLIC	B	0.19%
FNLC	B	0.18%
FRST	B	0.17%
GTY	A	0.17%
VLGEA	C	0.17%
NPK	C	0.17%
PSTL	D	0.16%
DEA	D	0.16%
SXT	C	0.16%
CBNK	B	0.16%
WSBF	B	0.16%
JJSF	C	0.15%
PBH	A	0.15%
CTO	B	0.15%
GPOR	A	0.15%
CMPO	B	0.15%
WT	A	0.15%
CALM	A	0.15%
TRS	B	0.14%
WERN	B	0.14%
FELE	B	0.14%
HSTM	B	0.14%
ICFI	F	0.14%
BRC	C	0.14%
PLXS	B	0.14%
HTLD	C	0.14%
CVLT	A	0.14%
TRC	F	0.14%
GOOD	B	0.13%
LXP	D	0.13%
GATX	A	0.13%
VMI	B	0.13%
GENC	C	0.13%
SNDR	A	0.13%
BCAL	A	0.13%
UNF	B	0.13%
CSR	B	0.13%
LTC	B	0.13%
ELME	D	0.13%
TGNA	B	0.13%
ADMA	B	0.13%
ARKO	D	0.13%
BMI	B	0.13%
PINC	B	0.12%
HWKN	B	0.12%
SMP	C	0.12%
FTDR	A	0.12%
NHI	D	0.12%
FCPT	C	0.12%
COLM	C	0.12%
ESE	B	0.12%
CBZ	B	0.12%
GEF	A	0.12%
HCKT	B	0.12%
UTMD	F	0.12%
BNL	D	0.12%
CSGS	B	0.12%
PKE	B	0.12%
EXPO	D	0.12%
LMAT	A	0.11%
MRTN	D	0.11%
HCC	B	0.11%
RNGR	A	0.11%
RUSHA	B	0.11%
UHT	D	0.11%
KREF	D	0.11%
OSIS	A	0.11%
SXC	A	0.11%
AROC	A	0.11%
GHC	B	0.11%
HNI	A	0.11%
GRC	B	0.11%
SCL	D	0.11%
NTST	D	0.11%
BHE	B	0.11%
UFPT	C	0.11%
MLR	C	0.11%
CTRE	C	0.11%
DORM	B	0.11%
PRGS	B	0.11%
WEN	D	0.1%
CASS	B	0.1%
MSGS	A	0.1%
LNN	B	0.1%
MOG.A	B	0.1%
IRT	A	0.1%
KW	C	0.1%
INVA	D	0.1%
DEI	A	0.1%
NCNO	B	0.1%
HSII	B	0.1%
NTCT	C	0.1%
WDFC	B	0.1%
CUZ	B	0.1%
PAHC	B	0.1%
HIW	D	0.1%
HUBG	A	0.1%
ACIW	B	0.1%
BLKB	C	0.09%
NOMD	D	0.09%
GLDD	B	0.09%
ALG	C	0.09%
SXI	B	0.09%
BBSI	A	0.09%
WINA	B	0.09%
CRC	A	0.09%
APOG	B	0.09%
DNB	A	0.09%
KAI	B	0.09%
CHCT	C	0.09%
RDWR	B	0.09%
BFS	C	0.09%
ADUS	D	0.09%
JBSS	F	0.09%
CCOI	B	0.09%
AFCG	D	0.09%
ICUI	D	0.09%
APLE	B	0.08%
AVT	C	0.08%
PCH	D	0.08%
PSMT	D	0.08%
JBGS	D	0.08%
AHH	D	0.08%
LZB	B	0.08%
ABM	B	0.08%
IOSP	C	0.08%
TTMI	B	0.08%
HURN	B	0.08%
CORT	B	0.08%
INSM	C	0.08%
RLGT	B	0.08%
GMRE	F	0.08%
RGP	F	0.08%
PRDO	B	0.08%
EPAC	B	0.08%
MTX	C	0.08%
OMCL	C	0.08%
FPI	A	0.08%
PBT	B	0.08%
LOPE	B	0.08%
ASH	F	0.08%
GPI	B	0.07%
VIAV	C	0.07%
KN	B	0.07%
BOX	B	0.07%
ENS	D	0.07%
CNNE	B	0.07%
SPOK	B	0.07%
MGIC	D	0.07%
TNC	F	0.07%
KFRC	D	0.07%
SANM	B	0.07%
ITGR	B	0.07%
PLOW	F	0.07%
SUPN	B	0.07%
AZZ	A	0.07%
WEYS	C	0.07%
CTS	C	0.07%
JBT	A	0.07%
LAUR	A	0.07%
IRMD	B	0.06%
ECVT	C	0.06%
SFL	D	0.06%
SEM	B	0.06%
CMCO	C	0.06%
RDNT	B	0.06%
HAE	C	0.06%
GPRK	C	0.06%
PLUS	F	0.06%
FUL	F	0.06%
MNRO	D	0.06%
FSTR	B	0.06%
OFIX	B	0.06%
MYRG	C	0.06%
ATEN	A	0.06%
MMSI	A	0.06%
ITRN	B	0.06%
FORR	C	0.06%
ENV	B	0.06%
CENT	C	0.06%
IBEX	A	0.06%
CXT	C	0.06%
ARCH	B	0.06%
CVCO	A	0.06%
PRGO	C	0.06%
AGIO	C	0.06%
SHOO	D	0.06%
CABO	B	0.06%
SATS	D	0.06%
RGR	F	0.06%
CSV	B	0.06%
LGTY	B	0.06%
VAL	F	0.06%
MTRN	C	0.05%
AMED	F	0.05%
AORT	B	0.05%
POWI	D	0.05%
ATEX	F	0.05%
ASGN	F	0.05%
VSH	F	0.05%
JOUT	F	0.05%
TTGT	C	0.05%
LIVN	D	0.05%
ETD	D	0.05%
MEI	F	0.05%
XNCR	B	0.05%
CRI	F	0.05%
SPB	C	0.05%
MATW	C	0.05%
NATR	B	0.05%
HUN	F	0.05%
ATNI	F	0.05%
IRDM	F	0.05%
NVEC	D	0.05%
DK	D	0.05%
NVST	C	0.05%
GKOS	A	0.05%
ALKS	C	0.05%
AEIS	B	0.05%
MLAB	F	0.05%
AIN	C	0.05%
AVNS	F	0.05%
BL	C	0.05%
LILAK	D	0.05%
SPNS	F	0.05%
TPH	D	0.05%
SCSC	B	0.05%
WK	C	0.05%
CEVA	B	0.05%
STRA	C	0.05%
ZD	B	0.05%
ZIP	D	0.04%
SHEN	F	0.04%
TBPH	B	0.04%
THRM	F	0.04%
ALRM	C	0.04%
ANIP	D	0.04%
KIDS	D	0.04%
HRMY	F	0.04%
NEOG	D	0.04%
FORM	F	0.04%
USPH	B	0.04%
IPGP	D	0.04%
VRNT	D	0.04%
BOWL	D	0.04%
SRDX	B	0.04%
USNA	C	0.04%
AMPH	F	0.04%
ATRC	C	0.04%
PZZA	F	0.04%
PDCO	F	0.04%
VPG	F	0.04%
IART	C	0.04%
CNMD	C	0.04%
NARI	C	0.04%
PTCT	B	0.04%
IRWD	F	0.03%
ANIK	D	0.03%
CBRL	C	0.03%
RARE	F	0.03%
HELE	C	0.03%
OGN	F	0.03%
JBI	F	0.03%
PCRX	C	0.03%
HLF	C	0.03%
OXM	F	0.03%
NRC	F	0.03%
HI	C	0.03%
VECO	F	0.03%
ARCO	F	0.03%
SCHL	F	0.03%
CNXC	F	0.03%
LEG	F	0.03%
VREX	B	0.03%
AZTA	D	0.02%
ACAD	C	0.02%
AMN	F	0.02%
AAP	D	0.02%
IMTX	F	0.02%

SMLV Underweight 40 Positions Relative to AIRR

Symbol	Grade	Weight
MLI	B	-3.42%
AAON	B	-3.32%
AIT	B	-3.3%
GVA	A	-3.25%
EME	A	-3.09%
RBC	A	-3.04%
BWXT	B	-2.98%
KEX	A	-2.96%
ZWS	B	-2.93%
MDU	D	-2.9%
MSM	D	-2.87%
CHRW	B	-2.82%
HRI	C	-2.74%
ATKR	D	-2.73%
DY	D	-2.72%
CLH	C	-2.71%
CNM	C	-2.56%
MTZ	A	-2.55%
FIX	A	-2.52%
WMS	F	-2.33%
HII	F	-2.08%
FNB	B	-1.72%
STRL	B	-1.71%
ASB	B	-1.42%
WTFC	B	-1.41%
GBX	B	-1.15%
HEES	C	-1.12%
VSEC	B	-1.06%
BLBD	F	-0.96%
TGI	A	-0.91%
POWL	C	-0.91%
WNC	D	-0.91%
DNOW	B	-0.87%
FFBC	B	-0.87%
LMB	A	-0.83%
TPC	C	-0.81%
PRLB	B	-0.8%
XMTR	C	-0.78%
FRME	B	-0.77%
AMRC	F	-0.62%