SQLV vs. HSMV ETF Comparison

Comparison of Legg Mason Small-Cap Quality Value ETF (SQLV) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

SQLV

Legg Mason Small-Cap Quality Value ETF

SQLV Description

The investment seeks to track the investment results of the RARE Global Infrastructure Index (the "underlying index"). The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index. The underlying index is composed of equity securities in developed and developing markets that are included in the MSCI ACWI All Cap Index. Companies in the MSCI ACWI All Cap Index are screened to include only companies within the Global Industry Classification Standard (GICS) sub-industries and are classified into infrastructure sectors.

Grade (RS Rating)

Last Trade

$42.35

Average Daily Volume

1,267

Number of Holdings ^*

227

* 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

$36.37

Average Daily Volume

1,241

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	SQLV	HSMV
30 Days	2.67%	2.27%
60 Days	1.91%	4.39%
90 Days	8.87%	9.34%
12 Months	16.34%	19.61%

12 Overlapping Holdings

Symbol	Grade	Weight in SQLV	Weight in HSMV	Overlap
ALE	A	0.72%	0.51%	0.51%
CRI	C	0.51%	0.47%	0.47%
FHI	A	0.58%	0.5%	0.5%
IDCC	B	0.61%	0.7%	0.61%
INVA	B	0.58%	0.6%	0.58%
IOSP	D	0.44%	0.41%	0.41%
KFY	B	0.64%	0.54%	0.54%
MCRI	B	0.48%	0.52%	0.48%
NMIH	B	0.7%	0.61%	0.61%
PBH	B	0.49%	0.48%	0.48%
PRGS	C	0.5%	0.54%	0.5%
WU	D	0.46%	0.49%	0.46%

SQLV Overweight 215 Positions Relative to HSMV

Symbol	Grade	Weight
CCSI	C	0.95%
SWIM	B	0.83%
VGR	C	0.79%
DXC	C	0.79%
EBC	B	0.75%
CALM	B	0.75%
BKE	B	0.75%
VCTR	B	0.74%
OMCL	C	0.71%
SLVM	B	0.71%
CATY	B	0.7%
CNS	B	0.7%
AGX	C	0.7%
STBA	B	0.7%
IBOC	C	0.7%
FDP	B	0.69%
PRG	B	0.68%
CEIX	D	0.67%
ASO	C	0.67%
YOU	B	0.67%
TGNA	C	0.66%
PAHC	B	0.63%
AX	D	0.63%
APAM	C	0.63%
PETQ	A	0.62%
SANM	D	0.62%
HWKN	B	0.61%
BTU	D	0.61%
ANDE	D	0.61%
CRCT	D	0.61%
LRN	B	0.61%
PFC	C	0.59%
INSW	D	0.58%
LE	C	0.57%
CVI	F	0.57%
WHD	C	0.57%
CORT	B	0.56%
SCS	B	0.56%
HUBG	C	0.56%
DK	F	0.55%
HAFC	C	0.54%
LGND	C	0.53%
ARCH	F	0.53%
MRVI	C	0.53%
PRDO	D	0.53%
CNXN	B	0.53%
GIII	C	0.53%
ADUS	B	0.52%
ASTH	B	0.52%
TEX	D	0.52%
SKYW	C	0.51%
OLPX	C	0.51%
AVNS	B	0.51%
MD	C	0.51%
RMR	C	0.51%
EVC	D	0.5%
WTTR	C	0.5%
ITGR	B	0.5%
FISI	B	0.49%
HRMY	B	0.49%
PFBC	C	0.49%
NVST	D	0.49%
PLUS	B	0.48%
WTFC	B	0.48%
VSH	D	0.47%
OSBC	C	0.47%
STRL	B	0.47%
MGNI	D	0.47%
MBWM	C	0.47%
EXTR	C	0.46%
EBF	B	0.46%
IRDM	D	0.46%
MCB	C	0.45%
CRVL	B	0.44%
THFF	B	0.44%
HBB	B	0.43%
SUPN	C	0.43%
NECB	B	0.43%
LMAT	B	0.43%
WOR	F	0.43%
SPFI	B	0.43%
BXC	D	0.42%
HAE	D	0.42%
TH	D	0.42%
BBW	C	0.42%
JBSS	D	0.42%
BOX	B	0.42%
ACDC	F	0.42%
BELFB	C	0.41%
RLGT	C	0.41%
DHIL	B	0.41%
UIS	C	0.4%
YELP	F	0.4%
ANGO	C	0.4%
NTCT	D	0.4%
CAR	F	0.4%
NPK	C	0.4%
MSBI	D	0.4%
NTGR	C	0.39%
IIIN	D	0.39%
DAKT	D	0.39%
PKBK	B	0.39%
AMPH	C	0.39%
CTS	D	0.39%
LXU	D	0.39%
NBN	C	0.39%
KFRC	D	0.39%
EVBN	B	0.39%
DFIN	B	0.39%
CIVB	C	0.38%
CVEO	B	0.38%
QUAD	F	0.38%
ROCK	D	0.38%
CPRX	B	0.38%
POWL	C	0.38%
ZD	D	0.38%
UNTY	B	0.37%
COLL	B	0.37%
WINA	C	0.37%
OMI	D	0.37%
RES	D	0.37%
IPGP	F	0.37%
FOR	C	0.37%
LQDT	B	0.37%
SD	D	0.37%
TDC	F	0.36%
REX	D	0.36%
GNE	D	0.36%
DVAX	D	0.36%
RYI	F	0.34%
ASRT	D	0.34%
ODP	F	0.34%
CCRN	F	0.33%
PLAB	F	0.33%
SGH	F	0.33%
SGC	F	0.33%
HSTM	C	0.33%
HCKT	B	0.33%
NX	D	0.32%
PARR	F	0.32%
GIC	D	0.32%
CLW	F	0.32%
RNGR	C	0.32%
AMSWA	C	0.31%
COHU	F	0.31%
PLPC	F	0.31%
IMMR	D	0.31%
SSTK	F	0.31%
WNC	F	0.31%
THRY	D	0.3%
TRDA	F	0.3%
BTMD	F	0.3%
CASS	D	0.3%
RGP	F	0.3%
ATEN	C	0.3%
BSIG	B	0.3%
MPX	D	0.3%
USNA	F	0.3%
ACIC	D	0.3%
JAKK	C	0.3%
NVEC	D	0.28%
IRMD	B	0.28%
IMXI	D	0.28%
FLWS	F	0.28%
SPOK	C	0.28%
MCFT	D	0.27%
MNSB	D	0.26%
UTMD	F	0.26%
KRT	D	0.26%
ANIP	D	0.26%
TWI	D	0.26%
ZIP	D	0.26%
MED	F	0.26%
VREX	F	0.25%
IART	F	0.25%
PKE	D	0.25%
CMT	C	0.24%
HOFT	D	0.24%
PETS	D	0.24%
STAA	F	0.24%
ZEUS	F	0.24%
ANIK	D	0.24%
CCRD	C	0.23%
CTKB	F	0.23%
HTZ	D	0.23%
NATR	F	0.23%
DERM	D	0.22%
TCMD	C	0.22%
DXLG	F	0.22%
VPG	F	0.21%
VRA	F	0.21%
MYPS	F	0.2%
LTRX	D	0.2%
OFLX	D	0.2%
IRWD	F	0.19%
MDXG	F	0.19%
MITK	F	0.19%
EGRX	F	0.19%
TZOO	B	0.19%
OSUR	F	0.18%
PCRX	F	0.18%
NRC	F	0.18%
VYGR	F	0.17%
POWW	F	0.17%
CVGI	F	0.17%
SMLR	F	0.16%
RCMT	D	0.15%
PRTS	F	0.14%
ZYXI	F	0.14%
INTT	F	0.13%
PRCH	D	0.13%
HBCP	B	0.13%
ARCT	F	0.13%
PBYI	F	0.1%
SURG	F	0.03%

SQLV Underweight 184 Positions Relative to HSMV

Symbol	Grade	Weight
CUBE	B	-0.78%
LXP	B	-0.72%
CVLT	B	-0.69%
UTHR	C	-0.68%
CPK	B	-0.67%
EVR	B	-0.67%
HRB	C	-0.64%
FAF	B	-0.64%
GMED	D	-0.64%
ADC	C	-0.63%
SFM	B	-0.63%
OHI	A	-0.62%
PLXS	B	-0.62%
ENSG	C	-0.61%
JEF	B	-0.61%
ELS	C	-0.59%
SBRA	B	-0.59%
FCPT	A	-0.59%
BRX	B	-0.59%
G	C	-0.59%
MTG	B	-0.58%
GLPI	B	-0.58%
FR	C	-0.58%
CTRE	B	-0.58%
MUSA	C	-0.58%
EPRT	A	-0.58%
CLH	B	-0.58%
AWR	B	-0.57%
EXP	B	-0.57%
JJSF	C	-0.57%
NNN	B	-0.57%
CNO	B	-0.57%
NYT	C	-0.57%
TTEK	C	-0.57%
BCPC	C	-0.57%
PRI	B	-0.56%
ESNT	B	-0.56%
ORI	A	-0.56%
EGP	B	-0.56%
DTM	B	-0.56%
EXEL	B	-0.56%
INGR	A	-0.56%
STAG	C	-0.55%
ACHC	C	-0.55%
EPR	B	-0.55%
CW	B	-0.55%
BJ	D	-0.55%
PECO	B	-0.55%
EME	B	-0.55%
CACI	B	-0.55%
FNF	A	-0.55%
OGE	B	-0.55%
CASY	D	-0.55%
LFUS	D	-0.55%
NFG	B	-0.54%
ROIC	B	-0.54%
SWX	C	-0.54%
CSL	C	-0.54%
RDN	B	-0.54%
EFC	B	-0.54%
CWT	C	-0.54%
REXR	C	-0.53%
POR	B	-0.53%
USFD	B	-0.53%
WPC	B	-0.53%
MAT	C	-0.53%
THG	A	-0.53%
LII	B	-0.53%
UNF	B	-0.53%
PNM	B	-0.53%
JHG	B	-0.53%
OGS	B	-0.52%
SR	B	-0.52%
VRRM	D	-0.52%
WTRG	D	-0.52%
SCI	B	-0.52%
NWE	A	-0.52%
EHC	B	-0.52%
MTN	D	-0.52%
IDA	B	-0.52%
COOP	B	-0.52%
AMH	C	-0.52%
BKH	B	-0.52%
RPM	B	-0.52%
RGA	B	-0.52%
RNR	B	-0.51%
AIN	D	-0.51%
MSGS	B	-0.51%
MMS	D	-0.51%
RLI	B	-0.51%
AVA	B	-0.51%
POST	C	-0.51%
NSIT	C	-0.51%
NJR	B	-0.51%
PCH	C	-0.5%
LOPE	D	-0.5%
WERN	D	-0.5%
SF	A	-0.5%
GATX	D	-0.5%
SLGN	B	-0.5%
AFG	B	-0.5%
GPK	B	-0.5%
NBIX	F	-0.5%
LANC	D	-0.5%
LSTR	D	-0.49%
VOYA	A	-0.49%
MOG.A	B	-0.49%
RYN	C	-0.49%
SAIC	C	-0.49%
ATR	B	-0.49%
WH	B	-0.49%
PFGC	B	-0.49%
COLM	B	-0.49%
AMG	C	-0.49%
CBSH	C	-0.49%
KEX	C	-0.49%
TXRH	D	-0.48%
KNX	C	-0.48%
AM	B	-0.48%
SEIC	B	-0.48%
MDU	B	-0.48%
ACM	B	-0.48%
CHH	C	-0.48%
CHE	C	-0.48%
FSS	D	-0.47%
BWXT	D	-0.47%
AVT	D	-0.47%
ITT	C	-0.47%
MIDD	C	-0.47%
GGG	C	-0.47%
LAMR	A	-0.46%
EPC	F	-0.46%
DCI	D	-0.46%
FLS	D	-0.46%
FNB	D	-0.46%
ARW	C	-0.46%
AGO	C	-0.46%
FLO	C	-0.45%
SON	C	-0.45%
CHDN	C	-0.45%
WTS	C	-0.45%
MAN	C	-0.44%
KBR	D	-0.44%
RS	D	-0.44%
SNX	D	-0.44%
FELE	C	-0.44%
R	B	-0.44%
VVV	D	-0.43%
MSA	C	-0.43%
NSA	B	-0.42%
CRUS	D	-0.42%
AGCO	D	-0.42%
SIGI	C	-0.42%
RGLD	B	-0.42%
HXL	F	-0.42%
ASH	D	-0.42%
PB	B	-0.41%
NVT	D	-0.41%
TNC	D	-0.41%
DLB	D	-0.41%
GNTX	F	-0.4%
OSK	D	-0.4%
MSM	D	-0.4%
ENR	F	-0.39%
EVTC	D	-0.39%
JAZZ	D	-0.39%
WEN	C	-0.39%
IRT	B	-0.37%
ALV	F	-0.37%
LECO	F	-0.37%
VNT	D	-0.37%
ENOV	F	-0.34%
AIR	C	-0.33%
ONB	C	-0.32%
EXPO	B	-0.32%
ABM	D	-0.32%
ORA	C	-0.32%
CCOI	C	-0.31%
FCN	C	-0.3%
BLKB	B	-0.3%
GO	F	-0.25%
PDCO	F	-0.23%
PZZA	D	-0.22%
LEG	D	-0.18%