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 64 ETFs in the Small Cap Blend Equities category with lower expense ratios, going as low as 0.03%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| State Street SPDR Portfolio S&P 600 Small Cap ETF | 0.03% | 16.85B | Jul 2013 | HSMV vs SPSM | |
| iShares Morningstar Small-Cap ETF | 0.04% | 282.90M | Jun 2004 | HSMV vs ISCB | |
| Schwab U.S. Small-Cap ETF | 0.04% | 23.26B | Nov 2009 | HSMV vs SCHA | |
| Vanguard Small-Cap ETF | 0.05% | 182.70B | Jan 2004 | HSMV vs VB | |
| iShares Core S&P Small-Cap ETF | 0.06% | 109.39B | May 2000 | HSMV vs IJR |
Best Risk-Adjusted Alternatives to HSMV
HSMV has a PortfoliosLab risk / return rank of 30. There are 58 ETFs in the Small Cap Blend Equities category with higher risk-adjusted ranks, going as high as 96.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 96 | — | Jun 2025 | HSMV vs RB | |
| First Trust Small Cap Core AlphaDEX Fund | 90 | 1.36B | May 2007 | HSMV vs FYX | |
| Fidelity Enhanced Small Cap Core ETF | 88 | 5.78B | Dec 2007 | HSMV vs FESM | |
| Hartford Multifactor Small Cap ETF | 87 | 61.26M | Mar 2015 | HSMV vs ROSC | |
| Invesco NASDAQ Future Gen 200 ETF | 85 | 21.99M | Oct 2022 | HSMV vs QQQS |
Top Performing HSMV Alternatives (YTD)
HSMV is at 9.00% YTD. There are 63 ETFs in the Small Cap Blend Equities category with higher YTD returns, going as high as 53.33%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Direxion Daily Small Cap Bull 3X Shares | 53.33% | 1.43B | Nov 2008 | HSMV vs TNA | |
| Invesco NASDAQ Future Gen 200 ETF | 28.18% | 21.99M | Oct 2022 | HSMV vs QQQS | |
| Inspire Small/Mid Cap Impact ETF | 27.99% | 329.18M | Feb 2017 | HSMV vs ISMD | |
| Allspring SMID Core ETF | 25.79% | 78.82M | Jul 2025 | HSMV vs ASCE | |
| JPMorgan Fundamental Data Science Small Core ETF | 25.57% | 9.08M | Aug 2024 | HSMV vs SCDS |
Lowest Volatility Alternatives to HSMV
HSMV has 10.56% 1-year volatility. There is 1 ETF in the Small Cap Blend Equities category with lower 1-year volatility, going as low as 6.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | 6.58% | — | Jun 2025 | HSMV vs RB | |
| Global X Russell 2000 Covered Call ETF | 10.68% | 1.36B | Apr 2019 | HSMV vs RYLD | |
| CresAlta Small & Mid-Cap ETF | 11.19% | 88.99M | May 2026 | HSMV vs CVSM | |
| OShares U.S. Small-Cap Quality Dividend ETF | 13.08% | 873.92M | Dec 2016 | HSMV vs OUSM | |
| Opus Small Cap Value Plus ETF | 13.25% | 685.56M | Jul 2018 | HSMV vs OSCV |
Lowest Drawdown Alternatives to HSMV
HSMV has a 1-year max drawdown of -7.83%. There are 11 ETFs in the Small Cap Blend Equities category with shallower 1-year drawdowns, going as shallow as -2.09%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Russell 2000 Dynamic Daily Buffer ETF | -2.09% | — | Jun 2025 | HSMV vs RB | |
| Global X Russell 2000 Covered Call ETF | -6.29% | 1.36B | Apr 2019 | HSMV vs RYLD | |
| 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% | 264.62M | Jul 2015 | HSMV vs CSB |
Other ETFs from First Trust
The 10 most viewed First Trust ETFs shown here include CIBR, GRID, AIRR and span 14 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