FEDM vs. HDMV
Compare and contrast key facts about FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV).
FEDM and HDMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FEDM is a passively managed fund by FlexShares that tracks the performance of the Northern Trust ESG & Climate Developed Markets ex-US Core Index - Benchmark TR Net. It was launched on Sep 20, 2021. HDMV is an actively managed fund by First Trust. It was launched on Aug 24, 2016.
Performance
FEDM vs. HDMV - Performance Comparison
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FEDM vs. HDMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 0.51% | 26.85% | 2.85% | 17.39% | -15.25% | 1.87% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.79% | 29.31% | 2.99% | 9.62% | -11.47% | 0.58% |
Returns By Period
In the year-to-date period, FEDM achieves a 0.51% return, which is significantly lower than HDMV's 4.79% return.
FEDM
- 1D
- 1.27%
- 1M
- -5.09%
- YTD
- 0.51%
- 6M
- 3.68%
- 1Y
- 20.30%
- 3Y*
- 12.43%
- 5Y*
- —
- 10Y*
- —
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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FEDM vs. HDMV - Expense Ratio Comparison
FEDM has a 0.12% expense ratio, which is lower than HDMV's 0.80% expense ratio.
Return for Risk
FEDM vs. HDMV — Risk / Return Rank
FEDM
HDMV
FEDM vs. HDMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) 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.
| FEDM | HDMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.10 | 1.55 | -0.45 |
Sortino ratioReturn per unit of downside risk | 1.64 | 2.02 | -0.37 |
Omega ratioGain probability vs. loss probability | 1.23 | 1.31 | -0.08 |
Calmar ratioReturn relative to maximum drawdown | 1.72 | 2.43 | -0.71 |
Martin ratioReturn relative to average drawdown | 6.47 | 8.61 | -2.15 |
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
| FEDM | HDMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.10 | 1.55 | -0.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.61 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.42 | -0.02 |
Correlation
The correlation between FEDM and HDMV is 0.85, 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
FEDM vs. HDMV - Dividend Comparison
FEDM's dividend yield for the trailing twelve months is around 2.98%, less than HDMV's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FEDM FlexShares ESG & Climate Developed Markets ex-US Core Index Fund | 2.98% | 2.97% | 2.94% | 2.61% | 2.53% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
FEDM vs. HDMV - Drawdown Comparison
The maximum FEDM drawdown since its inception was -29.37%, smaller than the maximum HDMV drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for FEDM and HDMV.
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Drawdown Indicators
| FEDM | HDMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.37% | -32.01% | +2.64% |
Max Drawdown (1Y)Largest decline over 1 year | -11.92% | -8.73% | -3.19% |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.11% | — |
Current DrawdownCurrent decline from peak | -7.11% | -5.54% | -1.57% |
Average DrawdownAverage peak-to-trough decline | -7.14% | -6.83% | -0.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.46% | +0.71% |
Volatility
FEDM vs. HDMV - Volatility Comparison
FlexShares ESG & Climate Developed Markets ex-US Core Index Fund (FEDM) has a higher volatility of 7.48% compared to First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) at 5.40%. This indicates that FEDM'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
| FEDM | HDMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.48% | 5.40% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 12.93% | 8.26% | +4.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 13.16% | +5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.40% | 11.94% | +4.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.40% | 13.23% | +3.17% |