SSLY vs. HSMV ETF Comparison

Comparison of Syntax Stratified SmallCap ETF (SSLY) to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)

SSLY

Syntax Stratified SmallCap ETF

SSLY Description

The investment seeks to provide investment results that, before expenses, correspond generally to the total return performance of publicly traded equity securities of companies in the Syntax Stratified SmallCap Index. Under normal market conditions, the fund generally invests substantially all, and at least 80% of its total assets in the securities comprising the index. The index is the Stratified WeightTM version of the widely used S&P SmallCap 600® Index and holds the same constituents as the S&P SmallCap 600® Index.

Grade (RS Rating)

Last Trade

$42.59

Average Daily Volume

621

Number of Holdings ^*

579

* 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

$33.15

Average Daily Volume

1,109

Number of Holdings ^*

196

* may have additional holdings in another (foreign) market

Performance

Period	SSLY	HSMV
30 Days	-4.37%	-1.07%
60 Days	-3.34%	-1.03%
90 Days	-3.15%	-0.40%
12 Months	-0.45%	8.43%

46 Overlapping Holdings

Symbol	Grade	Weight in SSLY	Weight in HSMV	Overlap
ABM	B	0.12%	0.35%	0.12%
AGO	D	0.3%	0.5%	0.3%
AIN	D	0.17%	0.53%	0.17%
AIR	B	0.11%	0.39%	0.11%
AVA	D	0.27%	0.48%	0.27%
AWR	D	0.28%	0.52%	0.28%
BCPC	A	0.05%	0.55%	0.05%
CCOI	D	0.25%	0.25%	0.25%
COOP	D	0.2%	0.52%	0.2%
CPK	C	0.28%	0.63%	0.28%
CTRE	A	0.39%	0.51%	0.39%
CWT	C	0.28%	0.51%	0.28%
EFC	B	0.06%	0.53%	0.06%
ENR	C	0.25%	0.42%	0.25%
ENSG	B	0.12%	0.52%	0.12%
EPC	B	0.25%	0.55%	0.25%
EPRT	A	0.07%	0.53%	0.07%
EVTC	F	0.17%	0.42%	0.17%
FCPT	B	0.06%	0.52%	0.06%
FELE	D	0.3%	0.47%	0.3%
FSS	D	0.1%	0.5%	0.1%
GO	D	0.38%	0.35%	0.35%
IDCC	A	0.17%	0.66%	0.17%
INVA	B	0.2%	0.53%	0.2%
IOSP	D	0.05%	0.51%	0.05%
JJSF	B	0.11%	0.6%	0.11%
KFY	B	0.07%	0.54%	0.07%
LEG	F	0.1%	0.18%	0.1%
LXP	B	0.07%	0.69%	0.07%
MCRI	D	0.09%	0.5%	0.09%
MOG.A	C	0.15%	0.46%	0.15%
MSGS	B	0.08%	0.51%	0.08%
NMIH	B	0.12%	0.54%	0.12%
NSIT	C	0.1%	0.54%	0.1%
PBH	C	0.34%	0.49%	0.34%
PDCO	F	0.31%	0.28%	0.28%
PECO	C	0.06%	0.5%	0.06%
PLXS	D	0.59%	0.57%	0.57%
PRGS	B	0.14%	0.54%	0.14%
PZZA	F	0.29%	0.23%	0.23%
RDN	B	0.12%	0.51%	0.12%
ROIC	C	0.06%	0.47%	0.06%
TNC	D	0.14%	0.47%	0.14%
UNF	B	0.13%	0.53%	0.13%
VRRM	B	0.18%	0.57%	0.18%
WERN	F	0.07%	0.52%	0.07%

SSLY Overweight 533 Positions Relative to HSMV

Symbol	Grade	Weight
VCEL	C	0.88%
ALRM	C	0.8%
ATEN	C	0.79%
EMBC	F	0.77%
TNDM	C	0.7%
CNK	A	0.68%
HLIT	B	0.62%
SANM	C	0.59%
CALX	C	0.59%
MXL	B	0.58%
LESL	F	0.54%
HVT	F	0.53%
SGH	B	0.53%
CEVA	D	0.5%
AOSL	B	0.47%
EXTR	C	0.43%
DXC	C	0.42%
SLP	F	0.41%
ASTH	C	0.41%
SEM	A	0.41%
GOGO	D	0.41%
NTCT	D	0.41%
PRFT	B	0.4%
HSTM	C	0.4%
DGII	D	0.4%
SATS	B	0.4%
UVV	D	0.4%
TDS	B	0.4%
DIOD	C	0.39%
MGPI	F	0.39%
VGR	C	0.39%
CHCT	F	0.39%
PLUS	D	0.39%
SITM	B	0.39%
MD	F	0.39%
MPW	F	0.38%
SMTC	C	0.38%
SDGR	F	0.37%
GFF	D	0.36%
CHEF	A	0.36%
CERT	D	0.36%
PSMT	D	0.36%
STEP	B	0.36%
AMCX	F	0.35%
UNFI	C	0.35%
SXI	D	0.35%
VRTS	D	0.35%
SPTN	F	0.35%
DFIN	D	0.34%
CNS	B	0.34%
APAM	D	0.34%
BSIG	C	0.33%
TRUP	B	0.33%
PAHC	C	0.32%
TTMI	B	0.32%
ANIP	D	0.32%
LGND	B	0.32%
MLI	C	0.31%
AMSF	F	0.31%
EIG	C	0.31%
MCY	C	0.31%
VSTO	B	0.31%
FL	D	0.31%
JXN	C	0.31%
AMPH	F	0.31%
CTS	D	0.3%
SAFT	D	0.3%
SPWR	F	0.3%
CVI	F	0.3%
PRA	F	0.3%
PINC	F	0.3%
LCII	F	0.3%
PARR	F	0.3%
HMN	D	0.3%
WIRE	A	0.3%
DLX	D	0.3%
PLMR	C	0.3%
BKE	D	0.3%
SPNT	D	0.3%
UFCS	D	0.3%
MODG	D	0.3%
GNW	D	0.3%
SCHL	D	0.3%
LPG	C	0.3%
WGO	F	0.29%
HCI	F	0.29%
THRM	F	0.29%
SNCY	C	0.29%
RGR	F	0.29%
SHAK	D	0.29%
PRLB	D	0.29%
URBN	C	0.29%
NWN	F	0.28%
OTTR	D	0.28%
JACK	F	0.28%
MSEX	C	0.28%
SJW	D	0.28%
UTL	D	0.28%
KN	D	0.28%
HRMY	B	0.28%
MGEE	D	0.27%
SUPN	F	0.27%
FN	C	0.27%
RUN	F	0.27%
IPAR	F	0.26%
JBLU	C	0.26%
BHE	D	0.26%
AHCO	D	0.26%
CPRX	D	0.26%
ODP	F	0.25%
LQDT	B	0.25%
SKYW	B	0.25%
CARS	C	0.24%
NPK	D	0.24%
HIBB	A	0.24%
SHEN	C	0.24%
CNSL	B	0.24%
ALK	F	0.24%
YELP	F	0.24%
CARG	C	0.24%
SBH	D	0.24%
ASO	F	0.24%
OMI	F	0.24%
SABR	D	0.24%
VSAT	F	0.23%
TRIP	F	0.23%
DOCN	C	0.23%
CLW	D	0.23%
IAC	F	0.23%
ALGT	F	0.23%
CABO	F	0.23%
LUMN	F	0.22%
GPRE	F	0.22%
CORT	C	0.22%
THRY	F	0.22%
SSTK	F	0.22%
NUS	F	0.21%
FLGT	F	0.21%
IRWD	F	0.21%
PCRX	F	0.2%
ALKS	C	0.2%
SMP	F	0.2%
AXL	F	0.2%
AVAV	D	0.2%
FDP	F	0.2%
GIII	F	0.2%
TALO	F	0.2%
OGN	C	0.2%
WD	D	0.2%
BLFS	C	0.2%
COLL	C	0.2%
CALM	B	0.2%
ANDE	D	0.2%
FTRE	D	0.19%
KTB	D	0.19%
HBI	C	0.19%
VREX	F	0.19%
DAN	F	0.19%
CTKB	D	0.19%
REX	F	0.19%
DVAX	D	0.19%
CVGW	F	0.18%
CRSR	F	0.18%
GDOT	F	0.18%
SNEX	B	0.18%
EXPI	F	0.18%
COHU	B	0.18%
WWW	C	0.18%
MGY	B	0.18%
KSS	F	0.18%
FORM	A	0.18%
MLAB	D	0.18%
CRC	C	0.18%
CCS	D	0.17%
MOV	D	0.17%
SLVM	D	0.17%
TPH	D	0.17%
GSHD	D	0.17%
CWK	C	0.17%
STC	D	0.17%
GRBK	C	0.17%
MTH	D	0.17%
MARA	C	0.17%
CSGS	F	0.17%
VFC	D	0.17%
NOG	C	0.17%
MMI	D	0.17%
MATV	D	0.17%
SIG	D	0.17%
MERC	F	0.17%
BGC	C	0.17%
ATGE	A	0.16%
CBU	B	0.16%
CUBI	B	0.16%
OI	F	0.16%
CASH	B	0.16%
EYE	F	0.16%
SM	D	0.16%
TGI	B	0.16%
CRK	D	0.16%
KRYS	B	0.16%
LGIH	F	0.16%
NATL	B	0.16%
VIAV	D	0.16%
CVCO	D	0.16%
SEE	F	0.16%
SONO	F	0.16%
KALU	D	0.16%
SHOO	C	0.16%
VIRT	C	0.16%
MHO	D	0.16%
DBI	F	0.15%
VICR	F	0.15%
LKFN	D	0.15%
GVA	B	0.15%
XNCR	F	0.15%
DORM	C	0.15%
MYRG	F	0.15%
RGNX	F	0.15%
AGYS	B	0.15%
AEIS	C	0.15%
EPAC	B	0.15%
SCVL	C	0.15%
STRA	C	0.15%
PRDO	C	0.15%
CMA	C	0.15%
BOOT	B	0.15%
LRN	D	0.15%
OFG	B	0.15%
NBHC	B	0.15%
XRX	F	0.15%
FOXF	C	0.15%
PATK	D	0.15%
NVEE	F	0.15%
HWKN	B	0.14%
SPSC	B	0.14%
HI	F	0.14%
CRVL	B	0.14%
RAMP	C	0.14%
ENV	C	0.14%
XPEL	F	0.14%
BL	D	0.14%
KMT	F	0.14%
CXM	D	0.14%
EAT	C	0.14%
JBT	F	0.14%
DY	B	0.14%
RCUS	F	0.14%
ACIW	A	0.14%
NABL	B	0.14%
VIR	F	0.14%
CAL	F	0.14%
ACA	D	0.14%
POWL	D	0.13%
KOP	F	0.13%
BJRI	B	0.13%
CHUY	F	0.13%
BLMN	F	0.13%
HTZ	F	0.13%
CAKE	C	0.13%
SXT	C	0.13%
ASIX	F	0.13%
WDFC	D	0.13%
TBBK	B	0.13%
BOX	D	0.13%
CWEN	D	0.13%
UFPT	A	0.13%
DV	D	0.13%
CWEN	D	0.13%
AEO	F	0.12%
BMI	C	0.12%
MCW	F	0.12%
PRAA	F	0.12%
ECPG	D	0.12%
PRG	D	0.12%
AAP	F	0.12%
OXM	D	0.12%
BRC	B	0.12%
NAVI	F	0.12%
WRLD	D	0.12%
HZO	C	0.12%
ESE	D	0.12%
CBRL	F	0.12%
ARLO	B	0.12%
KAR	C	0.12%
LTC	A	0.12%
EZPW	D	0.12%
VSCO	D	0.12%
AMBC	F	0.12%
LNC	C	0.12%
ENVA	B	0.12%
OSIS	C	0.12%
VSTS	F	0.12%
HCSG	D	0.12%
DIN	F	0.12%
FBP	B	0.12%
NHC	A	0.12%
DDD	F	0.12%
BGS	F	0.11%
SMPL	D	0.11%
IART	C	0.11%
FWRD	D	0.11%
LZB	C	0.11%
ITGR	C	0.11%
AL	C	0.11%
TRN	D	0.11%
PIPR	A	0.11%
JBSS	D	0.11%
MMSI	B	0.11%
USNA	F	0.11%
AVNS	F	0.11%
ITRI	C	0.11%
ANF	C	0.11%
LMAT	A	0.11%
ICUI	B	0.11%
THS	C	0.11%
NARI	C	0.11%
GPI	D	0.11%
PHIN	D	0.11%
STAA	B	0.11%
PBI	A	0.11%
GKOS	A	0.11%
HASI	D	0.11%
LNN	D	0.11%
HUBG	C	0.11%
MNRO	F	0.11%
GES	D	0.11%
SAH	D	0.11%
FTDR	D	0.11%
TR	C	0.11%
FIZZ	B	0.11%
ADUS	B	0.11%
ABG	D	0.11%
SIX	B	0.1%
DXPE	D	0.1%
PRVA	D	0.1%
USPH	F	0.1%
VVI	D	0.1%
TTGT	B	0.1%
ETD	D	0.1%
SCSC	D	0.1%
ASTE	F	0.1%
RUSHA	F	0.1%
ALG	F	0.1%
NEO	D	0.1%
RDNT	B	0.1%
CNXN	D	0.1%
HNI	C	0.1%
OMCL	F	0.1%
BOH	F	0.1%
CHCO	C	0.1%
KLG	F	0.1%
MC	A	0.1%
CNMD	D	0.1%
TRST	C	0.1%
PJT	A	0.1%
WAFD	C	0.1%
MYGN	B	0.1%
CFFN	C	0.1%
NWBI	C	0.1%
CPF	B	0.1%
GBX	D	0.1%
MLKN	D	0.1%
MRCY	D	0.1%
AX	B	0.1%
HAIN	D	0.1%
WNC	F	0.1%
AWI	D	0.09%
NBR	F	0.09%
GEO	B	0.09%
GMS	D	0.09%
GDEN	F	0.09%
NWL	F	0.09%
CXW	D	0.09%
BCC	F	0.09%
RXO	B	0.09%
PENN	C	0.09%
MATW	F	0.09%
SEDG	F	0.09%
QNST	C	0.09%
PLAB	D	0.08%
RES	F	0.08%
APOG	D	0.08%
PUMP	F	0.08%
BDN	D	0.08%
ICHR	B	0.08%
WS	C	0.08%
VECO	B	0.08%
SHO	C	0.08%
PTEN	F	0.08%
HPP	D	0.08%
DNOW	D	0.08%
HTLD	C	0.08%
IBP	D	0.08%
SLG	B	0.08%
PLAY	F	0.08%
WHD	C	0.08%
KLIC	B	0.08%
VTOL	C	0.08%
MRTN	C	0.08%
DRQ	F	0.08%
HIW	C	0.08%
CRS	B	0.08%
GNL	C	0.08%
UHT	C	0.08%
HAYW	F	0.08%
DEI	D	0.08%
DEA	B	0.08%
AROC	B	0.08%
HP	D	0.08%
OII	B	0.08%
JBGS	B	0.08%
PDFS	B	0.08%
AMWD	F	0.08%
CLB	B	0.08%
MATX	B	0.08%
RILY	F	0.08%
NX	F	0.08%
HLX	B	0.08%
REZI	D	0.08%
UNIT	D	0.07%
AAT	B	0.07%
AHH	B	0.07%
KW	C	0.07%
KELYA	D	0.07%
CSR	B	0.07%
BTU	C	0.07%
HCC	C	0.07%
ZEUS	F	0.07%
IIPR	B	0.07%
MTRN	F	0.07%
ARCH	C	0.07%
NXRT	C	0.07%
AZZ	D	0.07%
HAYN	C	0.07%
CEIX	B	0.07%
SXC	D	0.07%
TDW	C	0.07%
IIIN	F	0.07%
PEB	D	0.07%
ARCB	D	0.07%
CENX	B	0.07%
ROCK	D	0.07%
XHR	D	0.07%
LBRT	D	0.07%
SVC	F	0.07%
TILE	D	0.07%
APLE	D	0.07%
UCTT	A	0.07%
INN	D	0.07%
ATI	C	0.07%
SLCA	B	0.07%
NVRI	C	0.07%
ACLS	B	0.07%
DRH	D	0.07%
RWT	B	0.06%
PMT	C	0.06%
TWI	F	0.06%
WSR	B	0.06%
SITC	B	0.06%
CCRN	F	0.06%
BFS	C	0.06%
NPO	D	0.06%
GTY	D	0.06%
SKT	D	0.06%
AMN	F	0.06%
AMR	D	0.06%
HSII	D	0.06%
ALEX	B	0.06%
UE	B	0.06%
AKR	A	0.06%
OUT	C	0.06%
B	B	0.06%
MAC	D	0.06%
CMP	F	0.06%
RHI	F	0.06%
JOE	D	0.06%
SCL	D	0.05%
FUL	D	0.05%
NGVT	F	0.05%
KWR	F	0.05%
MTX	C	0.05%
ROG	D	0.05%
MYE	F	0.05%
CENTA	D	0.05%
CENT	F	0.05%
WOR	F	0.05%
PFBC	D	0.02%
BANC	D	0.02%
ARI	D	0.02%
KREF	D	0.02%
PRK	B	0.02%
PFS	D	0.02%
RC	C	0.02%
FBNC	C	0.02%
BANF	D	0.02%
BXMT	C	0.02%
ABR	B	0.02%
FHB	C	0.02%
WABC	D	0.02%
BRKL	D	0.02%
CATY	D	0.02%
UCBI	D	0.02%
AUB	C	0.02%
SFNC	D	0.02%
HFWA	D	0.02%
FCF	B	0.02%
RNST	B	0.02%
NBTB	B	0.02%
TRMK	C	0.02%
HOPE	C	0.02%
BHLB	C	0.02%
HTH	D	0.02%
FULT	D	0.02%
IBTX	B	0.02%
SBCF	D	0.02%
FBK	B	0.02%
BKU	C	0.02%
SFBS	C	0.02%
HAFC	C	0.02%
FFBC	D	0.02%
VBTX	C	0.02%
INDB	D	0.02%
CVBF	C	0.02%
PPBI	F	0.02%
SBSI	D	0.02%
ABCB	C	0.02%
STBA	B	0.02%
TMP	C	0.02%
BANR	C	0.02%
WSFS	B	0.02%
DCOM	C	0.02%
EGBN	F	0.02%

SSLY Underweight 150 Positions Relative to HSMV

Symbol	Grade	Weight
CUBE	B	-0.69%
UTHR	B	-0.67%
GMED	B	-0.67%
BJ	B	-0.65%
CVLT	B	-0.61%
LFUS	C	-0.61%
CASY	B	-0.6%
EVR	A	-0.6%
NBIX	C	-0.6%
SWX	D	-0.59%
CLH	B	-0.59%
CSL	C	-0.59%
NYT	A	-0.58%
EME	D	-0.58%
LANC	B	-0.57%
HRB	B	-0.57%
FAF	D	-0.56%
MUSA	C	-0.56%
DTM	B	-0.56%
TTEK	D	-0.56%
JEF	B	-0.56%
MMS	B	-0.55%
RGA	C	-0.55%
TXRH	B	-0.55%
LII	B	-0.55%
PRI	C	-0.55%
KEX	B	-0.55%
OHI	B	-0.55%
MTN	F	-0.55%
CW	C	-0.54%
JHG	B	-0.54%
ADC	B	-0.54%
SBRA	A	-0.54%
EGP	B	-0.54%
CACI	B	-0.54%
SFM	B	-0.54%
ELS	C	-0.54%
AM	B	-0.53%
GLPI	B	-0.53%
GATX	B	-0.53%
ALE	C	-0.53%
NVT	D	-0.53%
CNO	B	-0.52%
NFG	D	-0.52%
EHC	B	-0.52%
G	D	-0.52%
WTRG	C	-0.52%
ACHC	F	-0.52%
MTG	B	-0.52%
EXP	D	-0.52%
LSTR	D	-0.52%
USFD	C	-0.52%
VOYA	D	-0.52%
OGE	C	-0.52%
ORI	D	-0.52%
ESNT	C	-0.52%
BRX	B	-0.52%
WU	D	-0.52%
NNN	B	-0.52%
PNM	D	-0.51%
MDU	C	-0.51%
INGR	D	-0.51%
SF	B	-0.51%
EXEL	C	-0.51%
EPR	C	-0.51%
AVT	D	-0.51%
STAG	B	-0.51%
AMH	A	-0.51%
FLS	D	-0.51%
LOPE	C	-0.51%
FR	C	-0.51%
ATR	D	-0.5%
MAT	F	-0.5%
NJR	D	-0.5%
RLI	D	-0.5%
SCI	C	-0.5%
NWE	D	-0.5%
CHH	B	-0.5%
BKH	D	-0.5%
POR	D	-0.5%
RPM	D	-0.5%
ASH	D	-0.5%
DLB	D	-0.5%
MSA	C	-0.5%
VVV	B	-0.5%
WPC	D	-0.5%
WH	C	-0.5%
FHI	C	-0.5%
COLM	D	-0.5%
ITT	D	-0.49%
GGG	D	-0.49%
CHE	D	-0.49%
FNF	D	-0.49%
SEIC	D	-0.49%
SNX	D	-0.49%
POST	C	-0.49%
KBR	D	-0.49%
REXR	C	-0.49%
OGS	C	-0.49%
AGCO	F	-0.49%
SR	C	-0.49%
DCI	D	-0.49%
IDA	D	-0.49%
PFGC	D	-0.49%
BWXT	B	-0.49%
AFG	D	-0.49%
AMG	D	-0.49%
GPK	D	-0.48%
ACM	D	-0.48%
THG	D	-0.48%
CHDN	B	-0.48%
MIDD	F	-0.48%
RS	D	-0.48%
GNTX	D	-0.48%
PCH	F	-0.48%
KNX	C	-0.48%
RYN	D	-0.48%
CBSH	C	-0.47%
LAMR	B	-0.47%
HXL	D	-0.47%
RNR	D	-0.47%
ARW	D	-0.47%
OSK	D	-0.46%
MAN	D	-0.46%
FNB	C	-0.46%
WTS	D	-0.46%
SIGI	F	-0.46%
VNT	D	-0.46%
CRI	F	-0.45%
SAIC	D	-0.45%
SON	F	-0.45%
FLO	D	-0.45%
SLGN	D	-0.45%
R	B	-0.44%
ALV	D	-0.44%
WEN	F	-0.43%
CRUS	A	-0.43%
JAZZ	F	-0.42%
LECO	F	-0.42%
MSM	F	-0.42%
RGLD	B	-0.41%
ENOV	F	-0.38%
NSA	B	-0.38%
PB	D	-0.36%
ORA	C	-0.35%
IRT	B	-0.35%
ONB	B	-0.31%
EXPO	C	-0.31%
FCN	D	-0.31%
BLKB	D	-0.3%