DBSC vs. HSMV
DBSC (Deepwater Beachfront Small Cap ETF) and HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) are both Small Cap Blend Equities funds. Both are actively managed. At a 0.39 correlation, their price movements are largely independent. DBSC charges 0.85%/yr vs 0.80%/yr for HSMV.
Performance
DBSC vs. HSMV - Performance Comparison
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Returns By Period
In the year-to-date period, DBSC achieves a 5.96% return, which is significantly lower than HSMV's 6.36% return.
DBSC
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 5.96%
- 6M
- 3.53%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HSMV
- 1D
- 0.95%
- 1M
- 1.13%
- YTD
- 6.36%
- 6M
- 5.52%
- 1Y
- 6.78%
- 3Y*
- 9.91%
- 5Y*
- 4.65%
- 10Y*
- —
DBSC vs. HSMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DBSC Deepwater Beachfront Small Cap ETF | 5.96% | -0.86% |
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 6.36% | -0.98% |
Correlation
The correlation between DBSC and HSMV is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 16, 2025 | 0.39 |
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Return for Risk
DBSC vs. HSMV — Risk / Return Rank
DBSC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HSMV
DBSC vs. HSMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deepwater Beachfront Small Cap ETF (DBSC) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| DBSC | HSMV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.11 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.87 | — |
| Martin ratioReturn relative to average drawdown | — | 2.58 | — |
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Drawdowns
DBSC vs. HSMV - Drawdown Comparison
The maximum DBSC drawdown since its inception was -16.61%, smaller than the maximum HSMV drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for DBSC and HSMV.
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Drawdown Indicators
| DBSC | HSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.61% | -19.16% | +2.55% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.83% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.16% | — |
Current DrawdownCurrent decline from peak | -2.17% | -1.35% | -0.82% |
Average DrawdownAverage peak-to-trough decline | -4.41% | -5.58% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.63% | — |
Volatility
DBSC vs. HSMV - Volatility Comparison
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Volatility by Period
| DBSC | HSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.58% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 7.63% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.22% | 10.62% | +8.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.22% | 15.00% | +4.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.22% | 16.03% | +3.19% |
DBSC vs. HSMV - Expense Ratio Comparison
DBSC has a 0.85% expense ratio, which is higher than HSMV's 0.80% expense ratio.
Dividends
DBSC vs. HSMV - Dividend Comparison
DBSC has not paid dividends to shareholders, while HSMV's dividend yield for the trailing twelve months is around 1.94%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
DBSC Deepwater Beachfront Small Cap ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 1.94% | 2.01% | 1.43% | 1.43% | 1.26% | 0.76% | 0.80% |
Frequently Asked Questions
DBSC and HSMV have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, HSMV is cheaper at 0.80% per year. The better choice depends on whether you care most about return, fees, risk, or income.
HSMV is cheaper with a 0.80% expense ratio, compared with 0.85% for DBSC.
HSMV has the higher dividend yield at 1.94%, compared with 0.00% for DBSC.
They also come from different issuers: Deepwater Asset Management and First Trust. Their fees differ too: 0.85% for DBSC and 0.80% for HSMV.
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