HDMV vs. AIRR
Compare and contrast key facts about First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and First Trust RBA American Industrial Renaissance ETF (AIRR).
HDMV and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HDMV is an actively managed fund by First Trust. It was launched on Aug 24, 2016. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014.
Performance
HDMV vs. AIRR - Performance Comparison
Loading graphics...
HDMV vs. AIRR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.18% | 29.31% | 2.99% | 9.62% | -11.47% | 7.39% | -9.42% | 15.00% | -7.60% | 27.49% |
AIRR First Trust RBA American Industrial Renaissance ETF | 12.74% | 27.92% | 33.45% | 31.43% | -2.08% | 33.01% | 17.17% | 33.97% | -20.57% | 16.28% |
Returns By Period
In the year-to-date period, HDMV achieves a 4.18% return, which is significantly lower than AIRR's 12.74% return.
HDMV
- 1D
- 2.14%
- 1M
- -6.09%
- YTD
- 4.18%
- 6M
- 7.46%
- 1Y
- 20.52%
- 3Y*
- 12.99%
- 5Y*
- 7.11%
- 10Y*
- —
AIRR
- 1D
- 4.60%
- 1M
- -6.21%
- YTD
- 12.74%
- 6M
- 14.68%
- 1Y
- 62.71%
- 3Y*
- 32.43%
- 5Y*
- 22.20%
- 10Y*
- 20.48%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HDMV vs. AIRR - Expense Ratio Comparison
HDMV has a 0.80% expense ratio, which is higher than AIRR's 0.70% expense ratio.
Return for Risk
HDMV vs. AIRR — Risk / Return Rank
HDMV
AIRR
HDMV vs. AIRR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.
| HDMV | AIRR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.57 | 2.23 | -0.66 |
Sortino ratioReturn per unit of downside risk | 2.04 | 2.92 | -0.89 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.38 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 2.28 | 4.78 | -2.50 |
Martin ratioReturn relative to average drawdown | 8.16 | 16.89 | -8.72 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HDMV | AIRR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.23 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.89 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.79 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.62 | -0.21 |
Correlation
The correlation between HDMV and AIRR is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
HDMV vs. AIRR - Dividend Comparison
HDMV's dividend yield for the trailing twelve months is around 4.70%, more than AIRR's 0.16% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.70% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% | 0.00% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.16% | 0.19% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% |
Drawdowns
HDMV vs. AIRR - Drawdown Comparison
The maximum HDMV drawdown since its inception was -32.01%, smaller than the maximum AIRR drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for HDMV and AIRR.
Loading graphics...
Drawdown Indicators
| HDMV | AIRR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -42.37% | +10.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -13.09% | +4.36% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -27.95% | +3.84% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.37% | — |
Current DrawdownCurrent decline from peak | -6.09% | -9.09% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -7.50% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 3.71% | -1.27% |
Volatility
HDMV vs. AIRR - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) is 6.07%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 10.92%. This indicates that HDMV experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HDMV | AIRR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.07% | 10.92% | -4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 8.25% | 19.67% | -11.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 28.26% | -15.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.94% | 25.07% | -13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 26.14% | -12.91% |