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HDMV vs. FSKLX
Performance
Return for Risk
Dividends
Drawdowns
Volatility

HDMV vs. FSKLX

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and Fidelity SAI International Low Volatility Index Fund (FSKLX).

HDMV is an actively managed fund by First Trust. It was launched on Aug 24, 2016. FSKLX is managed by Fidelity. It was launched on May 29, 2015.

Performance

HDMV vs. FSKLX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and Fidelity SAI International Low Volatility Index Fund (FSKLX). The values are adjusted to include any dividend payments, if applicable.

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HDMV vs. FSKLX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
FSKLX
Fidelity SAI International Low Volatility Index Fund		3.34%21.95%1.20%13.84%-13.48%9.91%-1.57%16.12%-4.88%21.40%

Returns By Period

In the year-to-date period, HDMV achieves a 4.18% return, which is significantly higher than FSKLX's 3.34% return.

HDMV

1D
2.14%
1M
-6.09%
YTD
4.18%
6M
7.46%
1Y
20.52%
3Y*
12.99%
5Y*
7.11%
10Y*
—

FSKLX

1D
0.68%
1M
-7.31%
YTD
3.34%
6M
6.64%
1Y
16.96%
3Y*
11.27%
5Y*
6.37%
10Y*
6.05%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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First Trust Horizon Managed Volatility Developed Intl ETF

Fidelity SAI International Low Volatility Index Fund

Often compared with HDMV:
HDMV vs. BKGIHDMV vs. EFAVHDMV vs. FOCTHDMV vs. IYZHDMV vs. SCHYHDMV vs. LVHIHDMV vs. DYNF
Often compared with FSKLX:
FSKLX vs. FDGRXFSKLX vs. FXAIXFSKLX vs. FDVVFSKLX vs. FSPGXFSKLX vs. VOOFSKLX vs. IDMOFSKLX vs. LVHI

HDMV vs. FSKLX - Expense Ratio Comparison

HDMV has a 0.80% expense ratio, which is higher than FSKLX's 0.17% expense ratio.

HDMV
First Trust Horizon Managed Volatility Developed Intl ETF
FSKLX
Fidelity SAI International Low Volatility Index Fund

Return for Risk

HDMV vs. FSKLX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HDMV
HDMV Risk / Return Rank: 8080
Overall Rank
HDMV Sharpe Ratio Rank: 8282
Sharpe Ratio Rank
HDMV Sortino Ratio Rank: 7979
Sortino Ratio Rank
HDMV Omega Ratio Rank: 8181
Omega Ratio Rank
HDMV Calmar Ratio Rank: 8181
Calmar Ratio Rank
HDMV Martin Ratio Rank: 7777
Martin Ratio Rank
FSKLX
FSKLX Risk / Return Rank: 7575
Overall Rank
FSKLX Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
FSKLX Sortino Ratio Rank: 7474
Sortino Ratio Rank
FSKLX Omega Ratio Rank: 6868
Omega Ratio Rank
FSKLX Calmar Ratio Rank: 8282
Calmar Ratio Rank
FSKLX Martin Ratio Rank: 7474
Martin Ratio Rank
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.

HDMV vs. FSKLX - 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 SAI International Low Volatility Index Fund (FSKLX). 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.

HDMVFSKLXDifference

Sharpe ratio

Return per unit of total volatility

1.57

1.33

+0.24

Sortino ratio

Return per unit of downside risk

2.04

1.83

+0.21

Omega ratio

Gain probability vs. loss probability

1.31

1.25

+0.06

Calmar ratio

Return relative to maximum drawdown

2.28

1.99

+0.29

Martin ratio

Return relative to average drawdown

8.16

7.06

+1.10

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HDMV vs. FSKLX - Sharpe Ratio Comparison

The current HDMV Sharpe Ratio is 1.57, which is comparable to the FSKLX Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of HDMV and FSKLX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

HDMVFSKLXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.57

1.33

+0.24

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.60

0.56

+0.04

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.51

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.41

0.46

-0.04

Correlation

The correlation between HDMV and FSKLX is 0.86, 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

HDMV vs. FSKLX - Dividend Comparison

HDMV's dividend yield for the trailing twelve months is around 4.70%, more than FSKLX's 2.51% yield.

TTM20252024202320222021202020192018201720162015
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%
FSKLX
Fidelity SAI International Low Volatility Index Fund		2.51%2.59%2.09%2.31%2.01%2.42%1.32%6.06%2.64%1.69%2.85%1.10%

Drawdowns

HDMV vs. FSKLX - Drawdown Comparison

The maximum HDMV drawdown since its inception was -32.01%, which is greater than FSKLX's maximum drawdown of -27.26%. Use the drawdown chart below to compare losses from any high point for HDMV and FSKLX.

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Drawdown Indicators

HDMVFSKLXDifference

Max Drawdown

Largest peak-to-trough decline

-32.01%

-27.26%

-4.75%

Max Drawdown (1Y)

Largest decline over 1 year

-8.73%

-8.64%

-0.09%

Max Drawdown (5Y)

Largest decline over 5 years

-24.11%

-24.99%

+0.88%

Max Drawdown (10Y)

Largest decline over 10 years

—

-27.26%

—

Current Drawdown

Current decline from peak

-6.09%

-7.31%

+1.22%

Average Drawdown

Average peak-to-trough decline

-6.83%

-5.14%

-1.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.44%

2.43%

+0.01%

Volatility

HDMV vs. FSKLX - Volatility Comparison

First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) has a higher volatility of 6.07% compared to Fidelity SAI International Low Volatility Index Fund (FSKLX) at 4.41%. This indicates that HDMV's price experiences larger fluctuations and is considered to be riskier than FSKLX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HDMVFSKLXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.07%

4.41%

+1.66%

Volatility (6M)

Calculated over the trailing 6-month period

8.25%

7.41%

+0.84%

Volatility (1Y)

Calculated over the trailing 1-year period

13.16%

12.28%

+0.88%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

11.94%

11.44%

+0.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

13.23%

11.89%

+1.34%