First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) belongs to the Small Cap Blend Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with HSMV. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to HSMV
HSMV charges 0.80% annually. There are 60 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.04%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| iShares Morningstar Small-Cap ETF | 0.04% | 275.08M | Jun 2004 | HSMV vs ISCB | |
| SPDR Portfolio S&P 600 Small Cap ETF | 0.05% | 15.79B | Jul 2013 | HSMV vs SPSM | |
| Vanguard Small-Cap ETF | 0.05% | 177.40B | Jan 2004 | HSMV vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 103.49B | May 2000 | HSMV vs IJR | |
| JPMorgan BetaBuilders U.S. Small Cap Equity ETF | 0.09% | 732.58M | Nov 2020 | HSMV vs BBSC |
Best Risk-Adjusted Alternatives to HSMV
HSMV has a PortfoliosLab risk / return rank of 15. There are 56 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 85.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ Future Gen 200 ETF | 85 | 18.47M | Oct 2022 | HSMV vs QQQS | |
| First Trust Small Cap Core AlphaDEX Fund | 79 | 1.27B | May 2007 | HSMV vs FYX | |
| JPMorgan Fundamental Data Science Small Core ETF | 77 | 8.82M | Aug 2024 | HSMV vs SCDS | |
| Fidelity Enhanced Small Cap ETF | 76 | 5.00B | Dec 2007 | HSMV vs FESM | |
| iShares Micro-Cap ETF | 71 | 1.44B | Aug 2005 | HSMV vs IWC |
Top Performing HSMV Alternatives (YTD)
HSMV is at 3.11% YTD. There are 60 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 27.27%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco NASDAQ Future Gen 200 ETF | 27.27% | 18.47M | Oct 2022 | HSMV vs QQQS | |
| JPMorgan Fundamental Data Science Small Core ETF | 22.66% | 8.82M | Aug 2024 | HSMV vs SCDS | |
| Allspring SMID Core ETF | 22.25% | 33.92M | Jul 2025 | HSMV vs ASCE | |
| Inspire Small/Mid Cap Impact ETF | 21.54% | 318.37M | Feb 2017 | HSMV vs ISMD | |
| Fidelity Enhanced Small Cap ETF | 19.64% | 5.00B | Dec 2007 | HSMV vs FESM |
Lowest Volatility Alternatives to HSMV
HSMV has 10.37% 1-year volatility. There is 1 ETF in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.21%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.21% | — | Jun 2025 | HSMV vs RB | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.15% | 876.85M | Dec 2016 | HSMV vs OUSM | |
| 6 Meridian Small Cap Equity ETF | 13.30% | 106.31M | May 2020 | HSMV vs SIXS | |
| Opus Small Cap Value Plus ETF | 13.37% | 685.56M | Jul 2018 | HSMV vs OSCV | |
| VictoryShares US Small Cap High Dividend Volatilit... | 14.54% | 260.47M | Jul 2015 | HSMV vs CSB |
Lowest Drawdown Alternatives to HSMV
HSMV has a 1-year max drawdown of -7.83%. There are 10 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -6.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Pacer US Small Cap Cash Cows 100 ETF | -6.15% | 3.51B | Jun 2017 | HSMV vs CALF | |
| Hypatia Women CEO ETF | -6.96% | 5.55M | Jan 2023 | HSMV vs WCEO | |
| 6 Meridian Small Cap Equity ETF | -7.16% | 106.31M | May 2020 | HSMV vs SIXS | |
| VictoryShares US Small Cap High Dividend Volatilit... | -7.18% | 260.47M | Jul 2015 | HSMV vs CSB | |
| Opus Small Cap Value Plus ETF | -7.55% | 685.56M | Jul 2018 | HSMV vs OSCV |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.
Often Compared With HSMV
Investors most often compare HSMV with VOO, SPY, SELV. These 20 comparison targets span 6 categories, based on PortfoliosLab usage data.
Compare HSMV with Any Fund or Stock
Compare HSMV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair HSMV with funds that move differently
First Trust Horizon Managed Volatility Small/Mid ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to HSMV.
Explore HSMV Diversifiers