FOCT vs. HDMV

Last updated Jun 23, 2026

FOCT (FT Vest U.S. Equity Buffer ETF - October) and HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) are both exchange-traded funds - FOCT is a Defined Outcome fund actively managed by FT Vest, while HDMV is a Foreign Large Cap Equities fund actively managed by First Trust. Both are actively managed. Over the past 5 years, FOCT returned 9.04%/yr vs 6.88%/yr for HDMV. A 0.58 correlation means they provide meaningful diversification when combined. FOCT charges 0.85%/yr vs 0.80%/yr for HDMV.

Performance

FOCT vs. HDMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest U.S. Equity Buffer ETF - October (FOCT) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOCT achieves a 6.45% return, which is significantly higher than HDMV's 5.77% return.

FOCT

• 1D: -0.15%
• 1M: 0.56%
• YTD: 6.45%
• 6M: 6.34%
• 1Y: 19.91%
• 3Y*: 12.14%
• 5Y*: 9.04%
• 10Y*: —

HDMV

• 1D: 0.42%
• 1M: -0.83%
• YTD: 5.77%
• 6M: 6.21%
• 1Y: 12.13%
• 3Y*: 13.37%
• 5Y*: 6.88%
• 10Y*: —

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

FOCT vs. HDMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
FOCT FT Vest U.S. Equity Buffer ETF - October	6.45%	14.92%	9.62%	17.81%	-7.59%	13.13%	4.94%
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	5.77%	29.31%	2.99%	9.62%	-11.47%	7.39%	6.30%

Correlation

The correlation between FOCT and HDMV is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.51
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (All Time) Calculated using the full available price history since Oct 19, 2020	0.58

The correlation between FOCT and HDMV shifts across timeframes, from 0.47 (3 years) to 0.58 (all time), reflecting how their relationship changes across market environments.

FOCT vs. HDMV - Sectors Allocation Comparison

Sectors	FOCT	HDMV
Technology	39.0%	0.9%
Financial Services	11.1%	24.5%
Communication Services	10.6%	9.5%
Consumer Cyclical	9.9%	2.7%
Healthcare	8.3%	3.2%
Industrials	7.8%	15.4%
Consumer Defensive	4.5%	13.1%
Energy	3.1%	1.7%
Utilities	2.1%	14.4%
Real Estate	1.8%	13.7%
Basic Materials	1.7%	1.0%

Return for Risk

FOCT vs. HDMV — Risk / Return Rank

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

FOCT

FOCT Risk / Return Rank: 81
FOCT Sharpe Ratio Rank: 81
FOCT Sortino Ratio Rank: 84
FOCT Omega Ratio Rank: 84
FOCT Calmar Ratio Rank: 71
FOCT Martin Ratio Rank: 85

HDMV

HDMV Risk / Return Rank: 29
HDMV Sharpe Ratio Rank: 30
HDMV Sortino Ratio Rank: 29
HDMV Omega Ratio Rank: 30
HDMV Calmar Ratio Rank: 29
HDMV Martin Ratio Rank: 30

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.

FOCT vs. HDMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer ETF - October (FOCT) 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.

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.

	FOCT	HDMV	Difference
Sharpe ratio: Return per unit of total volatility	2.49	1.07	+1.42
Sortino ratio: Return per unit of downside risk	3.57	1.51	+2.06
Omega ratio: Gain probability vs. loss probability	1.48	1.20	+0.29
Calmar ratio: Return relative to maximum drawdown	3.48	1.40	+2.09
Martin ratio: Return relative to average drawdown	16.95	4.04	+12.92

FOCT vs. HDMV - Sharpe Ratio Comparison

The current FOCT Sharpe Ratio is 2.49, which is higher than the HDMV Sharpe Ratio of 1.07. The chart below compares the historical Sharpe Ratios of FOCT and HDMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FOCT vs. HDMV - Drawdown Comparison

The maximum FOCT drawdown since its inception was -14.07%, smaller than the maximum HDMV drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for FOCT and HDMV.

Drawdown Indicators

	FOCT	HDMV	Difference
Max Drawdown Largest peak-to-trough decline	-14.07%	-32.01%	+17.94%
Max Drawdown (1Y) Largest decline over 1 year	-5.74%	-8.73%	+2.99%
Max Drawdown (3Y) Largest decline over 3 years	-13.06%	-10.33%	-2.73%
Max Drawdown (5Y) Largest decline over 5 years	-14.07%	-24.11%	+10.04%
Current Drawdown Current decline from peak	-0.41%	-4.66%	+4.25%
Average Drawdown Average peak-to-trough decline	-2.24%	-6.76%	+4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.18%	3.01%	-1.83%

Volatility

FOCT vs. HDMV - Volatility Comparison

The current volatility for FT Vest U.S. Equity Buffer ETF - October (FOCT) is 2.10%, while First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) has a volatility of 3.38%. This indicates that FOCT experiences smaller price fluctuations and is considered to be less risky than HDMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOCT	HDMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.10%	3.38%	-1.28%
Volatility (6M) Calculated over the trailing 6-month period	6.17%	9.70%	-3.53%
Volatility (1Y) Calculated over the trailing 1-year period	8.05%	11.42%	-3.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.11%	12.08%	-0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.88%	13.23%	-2.35%

FOCT vs. HDMV - Expense Ratio Comparison

FOCT has a 0.85% expense ratio, which is higher than HDMV's 0.80% expense ratio.

Dividends

FOCT vs. HDMV - Dividend Comparison

FOCT has not paid dividends to shareholders, while HDMV's dividend yield for the trailing twelve months is around 4.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FOCT FT Vest U.S. Equity Buffer ETF - October	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	4.63%	5.09%	3.24%	3.14%	3.53%	3.11%	1.45%	3.63%	2.88%	3.23%	0.18%

Frequently Asked Questions

Can I hold both FOCT and HDMV in my portfolio?

FOCT and HDMV have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOCT or HDMV?

HDMV has higher volatility (3.38%) compared to FOCT (2.10%). In terms of maximum drawdown, FOCT dropped -14.07% vs HDMV's -32.01%.

Which ETF is better, FOCT or HDMV?

On 5-year performance, FOCT leads with 9.04% vs 6.88% for HDMV. On fees, HDMV is cheaper at 0.80% per year. On volatility, FOCT has been the lower-risk option at 2.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FOCT or HDMV?

Over the 5-year period, FOCT has performed better with a 9.04% return vs 6.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FOCT or HDMV?

HDMV is cheaper with a 0.80% expense ratio, compared with 0.85% for FOCT.

Which ETF pays a higher dividend yield, FOCT or HDMV?

HDMV has the higher dividend yield at 4.63%, compared with 0.00% for FOCT.

What is the main difference between FOCT and HDMV?

FOCT is categorized as Defined Outcome, while HDMV is Foreign Large Cap Equities. They also come from different issuers: FT Vest and First Trust. Their fees differ too: 0.85% for FOCT and 0.80% for HDMV.

Which has better risk-adjusted returns?

FOCT currently has the higher Sharpe Ratio (2.49 vs 1.07), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.