DFMC vs. HSMV

Last updated Jun 24, 2026

DFMC (Dimensional US Micro Cap Portfolio ETF) and HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) are both Small Cap Blend Equities funds. Both are actively managed. A 0.63 correlation means they provide meaningful diversification when combined. DFMC charges 0.41%/yr vs 0.80%/yr for HSMV.

Performance

DFMC vs. HSMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional US Micro Cap Portfolio ETF (DFMC) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DFMC

• 1D: 0.05%
• 1M: 5.04%
• YTD: —
• 6M: —
• 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*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DFMC vs. HSMV - Yearly Performance Comparison

	2026 (YTD)
DFMC Dimensional US Micro Cap Portfolio ETF	17.63%
HSMV First Trust Horizon Managed Volatility Small/Mid ETF	7.02%

Correlation

The correlation between DFMC and HSMV is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Mar 23, 2026	0.63

Return for Risk

DFMC vs. HSMV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DFMC

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

HSMV

HSMV Risk / Return Rank: 20
HSMV Sharpe Ratio Rank: 20
HSMV Sortino Ratio Rank: 19
HSMV Omega Ratio Rank: 18
HSMV Calmar Ratio Rank: 20
HSMV Martin Ratio Rank: 22

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DFMC vs. HSMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Dimensional US Micro Cap Portfolio ETF (DFMC) 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.

	DFMC	HSMV	Difference
Sharpe ratio: Return per unit of total volatility	—	0.65	—
Sortino ratio: Return per unit of downside risk	—	1.03	—
Omega ratio: Gain probability vs. loss probability	—	1.11	—
Calmar ratio: Return relative to maximum drawdown	—	0.87	—
Martin ratio: Return relative to average drawdown	—	2.58	—

Drawdowns

DFMC vs. HSMV - Drawdown Comparison

The maximum DFMC drawdown since its inception was -4.29%, smaller than the maximum HSMV drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for DFMC and HSMV.

Drawdown Indicators

	DFMC	HSMV	Difference
Max Drawdown Largest peak-to-trough decline	-4.29%	-19.16%	+14.87%
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 Drawdown Current decline from peak	0.00%	-1.35%	+1.35%
Average Drawdown Average peak-to-trough decline	-0.74%	-5.58%	+4.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.63%	—

Volatility

Volatility by Period

	DFMC	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	16.18%	10.62%	+5.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.18%	15.00%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.18%	16.03%	+0.15%

DFMC vs. HSMV - Expense Ratio Comparison

DFMC has a 0.41% expense ratio, which is lower than HSMV's 0.80% expense ratio.

Dividends

DFMC vs. HSMV - Dividend Comparison

DFMC 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
DFMC Dimensional US Micro Cap Portfolio 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

Can I hold both DFMC and HSMV in my portfolio?

DFMC and HSMV have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DFMC or HSMV?

On fees, DFMC is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DFMC or HSMV?

DFMC is cheaper with a 0.41% expense ratio, compared with 0.80% for HSMV.

Which ETF pays a higher dividend yield, DFMC or HSMV?

HSMV has the higher dividend yield at 1.94%, compared with 0.00% for DFMC.

What is the main difference between DFMC and HSMV?

They also come from different issuers: Dimensional Fund Advisors and First Trust. Their fees differ too: 0.41% for DFMC and 0.80% for HSMV.