- ISIN
- US33739P8712
- CUSIP
- 33739P871
- Issuer
- First Trust
- Inception Date
- Aug 24, 2016
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $17M
Share Price Chart
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Performance
HDMV Performance Chart
First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) is up 5.8% since the beginning of the year. HDMV is currently trading at $37 per share. Investors who bought $1,000 worth of HDMV shares 5 years ago would now be looking at an investment worth $1,395.
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Returns By Period
First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) has returned 5.77% so far this year and 12.13% over the past 12 months.
First Trust Horizon Managed Volatility Developed Intl ETF
- 1D
- 0.42%
- 1M
- -0.83%
- YTD
- 5.77%
- 6M
- 6.21%
- 1Y
- 12.13%
- 3Y*
- 13.37%
- 5Y*
- 6.88%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
HDMV Monthly Returns History
Based on dividend-adjusted daily data since Aug 26, 2016, HDMV's average daily return is +0.02%, while the average monthly return is +0.51%. At this rate, an investment would double in approximately 11.4 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2022 with a return of +10.3%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HDMV closed higher 54% of trading days. The best single day was Mar 24, 2020 with a return of +6.4%, while the worst single day was Mar 12, 2020 at -10.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.28% | 6.38% | -6.09% | 3.00% | -1.50% | 0.07% | 5.77% | ||||||
| 2025 | 3.50% | 3.72% | 4.12% | 7.55% | 2.10% | 1.29% | -1.71% | 3.52% | -0.89% | -0.31% | 1.98% | 1.45% | 29.31% |
| 2024 | -0.52% | 0.27% | 2.10% | -3.09% | 3.34% | -1.69% | 4.99% | 5.30% | 1.44% | -4.77% | 0.18% | -4.00% | 2.99% |
| 2023 | 5.78% | -3.76% | 3.58% | 3.79% | -4.16% | 1.82% | 1.82% | -2.79% | -3.49% | -1.75% | 5.16% | 3.99% | 9.62% |
| 2022 | -1.79% | -2.20% | 0.42% | -2.60% | -0.34% | -4.90% | 2.77% | -5.23% | -8.23% | 0.17% | 10.32% | 0.67% | -11.47% |
| 2021 | -0.34% | -0.84% | 3.28% | 0.57% | 3.35% | -0.83% | 2.27% | 0.44% | -3.86% | 2.87% | -3.31% | 3.91% | 7.39% |
Benchmark Metrics
First Trust Horizon Managed Volatility Developed Intl ETF has an annualized alpha of -1.54%, beta of 0.54, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since August 26, 2016.
- This ETF participated in 65.51% of S&P 500 Index downside but only 46.87% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.54 indicates this ETF moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.54%
- Beta
- 0.54
- R²
- 0.56
- Upside Capture
- 46.87%
- Downside Capture
- 65.51%
Expense Ratio
HDMV has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HDMV ranks 29 for risk / return — below 29% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| HDMV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.96 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.37 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 2.78 | -1.39 |
| Martin ratioReturn relative to average drawdown | 4.04 | 12.44 | -8.40 |
Dividends
Dividend History
First Trust Horizon Managed Volatility Developed Intl ETF provided a 4.63% dividend yield over the last twelve months, with an annual payout of $1.73 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.73 | $1.80 | $0.93 | $0.91 | $0.96 | $0.99 | $0.44 | $1.24 | $0.89 | $1.11 | $0.05 |
Dividend yield | 4.63% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Horizon Managed Volatility Developed Intl ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.74 | $0.00 | $0.00 | $0.56 | $0.00 | $0.00 | $0.42 | $1.80 |
| 2024 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.10 | $0.93 |
| 2023 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.14 | $0.91 |
| 2022 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.50 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.13 | $0.96 |
| 2021 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.10 | $0.99 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Horizon Managed Volatility Developed Intl ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Horizon Managed Volatility Developed Intl ETF was 32.01%, occurring on Mar 23, 2020. Recovery took 1109 trading sessions.
The current First Trust Horizon Managed Volatility Developed Intl ETF drawdown is 4.66%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -32.01%Mar 2020 | 2mo 2d | 4y 5mo | 4y 7moJan 2020 - Aug 2024 |
Rate-hike selloffLate 2018 | -15.29%Dec 2018 | 10mo 29d | 11mo 27d | 1y 10moJan 2018 - Dec 2019 |
2025 correction2025 | -10.33%Jan 2025 | 3mo 20d | 1mo 21d | 5mo 11dSep 2024 - Mar 2025 |
2016 pullback2016 | -9.79%Nov 2016 | 2mo 9d | 4mo 11d | 6mo 20dSep 2016 - Mar 2017 |
2026 pullback2026 | -8.73%Mar 2026 | 25d | — | 3mo 23dMar 2026 - now |
Drawdown Indicators
| HDMV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -56.78% | +24.77% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -9.10% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -10.33% | -18.90% | +8.57% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -25.43% | +1.32% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.66% | -1.80% | -2.86% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -10.71% | +3.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.03% | +0.98% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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