HDMV vs. FIDI
HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds. HDMV is actively managed, while FIDI is passively managed. Over the past 5 years, HDMV returned 7.68%/yr vs 12.70%/yr for FIDI. Their correlation of 0.82 means they have usually moved in the same direction. HDMV charges 0.80%/yr vs 0.39%/yr for FIDI.
Performance
HDMV vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, HDMV achieves a 12.25% return, which is significantly lower than FIDI's 15.58% return.
HDMV
- 1D
- -0.84%
- 1M
- 4.22%
- 6M
- 7.64%
- YTD
- 12.25%
- 1Y
- 17.95%
- 3Y*
- 15.03%
- 5Y*
- 7.68%
- 10Y*
- —
- ALL TIME*
- 6.03%
FIDI
- 1D
- -0.92%
- 1M
- 5.97%
- 6M
- 10.31%
- YTD
- 15.58%
- 1Y
- 31.31%
- 3Y*
- 19.48%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.62M | $1.95M | $1.81M | |
| $25.47K | $20.31K | $24.94K |
HDMV vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 12.25% | 29.31% | 2.99% | 9.62% | -11.47% | 7.39% | -9.42% | 15.00% | -11.03% |
FIDI Fidelity International High Dividend ETF | 15.58% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between HDMV and FIDI is 0.85, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.85 |
Correlation (3Y) Balances recent behavior with more history. | 0.85 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.82 |
The correlation between HDMV and FIDI has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
HDMV vs. FIDI — Risk / Return Rank
HDMV
FIDI
HDMV vs. FIDI - 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 Fidelity International High Dividend ETF (FIDI). 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.
| HDMV | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.07 | ||
| Sortino ratioReturn per unit of downside risk | -1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.48 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 4.51 | -2.36 |
| Martin ratioReturn relative to average drawdown | 6.07 | 15.65 | -9.58 |
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Drawdowns
HDMV vs. FIDI - Drawdown Comparison
The maximum HDMV drawdown since its inception was -32.01%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for HDMV and FIDI.
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Drawdown Indicators
| HDMV | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -46.34% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -6.96% | -1.77% |
Max Drawdown (3Y)Largest decline over 3 years | -10.33% | -12.09% | +1.76% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -26.05% | +1.94% |
Current DrawdownCurrent decline from peak | -0.84% | -0.92% | +0.08% |
Average DrawdownAverage peak-to-trough decline | -6.71% | -9.63% | +2.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 2.00% | +1.10% |
Volatility
HDMV vs. FIDI - Volatility Comparison
First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and Fidelity International High Dividend ETF (FIDI) have volatilities of 3.09% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDMV | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.09% | 2.97% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.95% | 9.31% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 11.62% | -0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.10% | 14.81% | -2.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.21% | 18.62% | -5.41% |
HDMV vs. FIDI - Expense Ratio Comparison
HDMV has a 0.80% expense ratio, which is higher than FIDI's 0.39% expense ratio.
Dividends
HDMV vs. FIDI - Dividend Comparison
HDMV's dividend yield for the trailing twelve months is around 3.97%, more than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 3.97% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% |
Frequently Asked Questions
HDMV and FIDI have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDMV has higher volatility (3.09%) compared to FIDI (2.97%). In terms of maximum drawdown, HDMV dropped -32.01% vs FIDI's -46.34%.
On 5-year performance, FIDI leads with 12.70% vs 7.68% for HDMV. On fees, FIDI is cheaper at 0.39% per year. On volatility, FIDI has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FIDI has performed better with a 12.70% return vs 7.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FIDI is cheaper with a 0.39% expense ratio, compared with 0.80% for HDMV.
HDMV has the higher dividend yield at 3.97%, compared with 3.90% for FIDI.
They also come from different issuers: First Trust and Fidelity. Their fees differ too: 0.80% for HDMV and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.71 vs 1.64), 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.
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