FDT vs. HDMV
Compare and contrast key facts about First Trust Developed Markets ex-US AlphaDEX Fund (FDT) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV).
FDT and HDMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDT is a passively managed fund by First Trust that tracks the performance of the NASDAQ AlphaDEX DM Ex-US Index. It was launched on Apr 18, 2011. HDMV is an actively managed fund by First Trust. It was launched on Aug 24, 2016.
Performance
FDT vs. HDMV - Performance Comparison
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FDT vs. HDMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 11.73% | 52.21% | 6.97% | 15.03% | -19.51% | 11.43% | 4.29% | 16.82% | -19.98% | 34.42% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.79% | 29.31% | 2.99% | 9.62% | -11.47% | 7.39% | -9.42% | 15.00% | -7.60% | 27.49% |
Returns By Period
In the year-to-date period, FDT achieves a 11.73% return, which is significantly higher than HDMV's 4.79% return.
FDT
- 1D
- 1.73%
- 1M
- -7.63%
- YTD
- 11.73%
- 6M
- 18.75%
- 1Y
- 57.05%
- 3Y*
- 25.20%
- 5Y*
- 11.64%
- 10Y*
- 9.91%
HDMV
- 1D
- 0.58%
- 1M
- -3.90%
- YTD
- 4.79%
- 6M
- 8.22%
- 1Y
- 20.29%
- 3Y*
- 13.20%
- 5Y*
- 7.23%
- 10Y*
- —
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FDT vs. HDMV - Expense Ratio Comparison
Both FDT and HDMV have an expense ratio of 0.80%.
Return for Risk
FDT vs. HDMV — Risk / Return Rank
FDT
HDMV
FDT vs. HDMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Developed Markets ex-US AlphaDEX Fund (FDT) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV). 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.
| FDT | HDMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.96 | 1.55 | +1.41 |
Sortino ratioReturn per unit of downside risk | 3.59 | 2.02 | +1.57 |
Omega ratioGain probability vs. loss probability | 1.56 | 1.31 | +0.26 |
Calmar ratioReturn relative to maximum drawdown | 4.30 | 2.43 | +1.87 |
Martin ratioReturn relative to average drawdown | 17.64 | 8.61 | +9.02 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDT | HDMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.96 | 1.55 | +1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.61 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.42 | -0.06 |
Correlation
The correlation between FDT and HDMV is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
FDT vs. HDMV - Dividend Comparison
FDT's dividend yield for the trailing twelve months is around 3.19%, less than HDMV's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDT First Trust Developed Markets ex-US AlphaDEX Fund | 3.19% | 3.27% | 3.89% | 4.36% | 2.29% | 3.80% | 2.42% | 2.78% | 2.13% | 1.57% | 1.76% | 1.83% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.68% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% | 0.00% |
Drawdowns
FDT vs. HDMV - Drawdown Comparison
The maximum FDT drawdown since its inception was -46.10%, which is greater than HDMV's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for FDT and HDMV.
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Drawdown Indicators
| FDT | HDMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.10% | -32.01% | -14.09% |
Max Drawdown (1Y)Largest decline over 1 year | -13.41% | -8.73% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.18% | -24.11% | -9.07% |
Max Drawdown (10Y)Largest decline over 10 years | -46.10% | — | — |
Current DrawdownCurrent decline from peak | -8.75% | -5.54% | -3.21% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -6.83% | -4.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.27% | 2.46% | +0.81% |
Volatility
FDT vs. HDMV - Volatility Comparison
First Trust Developed Markets ex-US AlphaDEX Fund (FDT) has a higher volatility of 8.78% compared to First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) at 5.40%. This indicates that FDT's price experiences larger fluctuations and is considered to be riskier than HDMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDT | HDMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.78% | 5.40% | +3.38% |
Volatility (6M)Calculated over the trailing 6-month period | 14.05% | 8.26% | +5.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.39% | 13.16% | +6.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.87% | 11.94% | +5.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.33% | 13.23% | +5.10% |