HDMV vs. IFLO

Last updated Jun 26, 2026

HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) and IFLO (VictoryShares International Free Cash Flow ETF) are both Foreign Large Cap Equities funds. Over the past year, HDMV returned 11.67% vs 32.28% for IFLO. A 0.73 correlation means they provide meaningful diversification when combined. HDMV charges 0.80%/yr vs 0.56%/yr for IFLO.

Performance

HDMV vs. IFLO - 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 VictoryShares International Free Cash Flow ETF (IFLO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDMV achieves a 6.03% return, which is significantly lower than IFLO's 16.93% return.

HDMV

• 1D: 0.46%
• 1M: -0.66%
• YTD: 6.03%
• 6M: 5.63%
• 1Y: 11.67%
• 3Y*: 13.44%
• 5Y*: 6.75%
• 10Y*: —

IFLO

• 1D: 0.43%
• 1M: -1.62%
• YTD: 16.93%
• 6M: 16.46%
• 1Y: 32.28%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HDMV vs. IFLO - Yearly Performance Comparison

	2026 (YTD)	2025
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	6.03%	5.32%
IFLO VictoryShares International Free Cash Flow ETF	16.93%	13.12%

Correlation

The correlation between HDMV and IFLO is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025	0.73

HDMV vs. IFLO - Sectors Allocation Comparison

Sectors	HDMV	IFLO
Financial Services	24.5%	1.1%
Industrials	15.4%	18.1%
Utilities	14.4%	1.0%
Real Estate	13.7%	0.0%
Consumer Defensive	13.1%	2.8%
Communication Services	9.5%	6.7%
Healthcare	3.2%	11.7%
Consumer Cyclical	2.7%	13.8%
Energy	1.7%	12.1%
Basic Materials	1.0%	11.3%
Technology	0.9%	21.5%

Return for Risk

HDMV vs. IFLO — Risk / Return Rank

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

HDMV

HDMV Risk / Return Rank: 30
HDMV Sharpe Ratio Rank: 31
HDMV Sortino Ratio Rank: 29
HDMV Omega Ratio Rank: 29
HDMV Calmar Ratio Rank: 30
HDMV Martin Ratio Rank: 29

IFLO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. IFLO - 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 VictoryShares International Free Cash Flow ETF (IFLO). 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	IFLO	Difference
Sharpe ratio: Return per unit of total volatility	1.03	—	—
Sortino ratio: Return per unit of downside risk	1.45	—	—
Omega ratio: Gain probability vs. loss probability	1.19	—	—
Calmar ratio: Return relative to maximum drawdown	1.34	—	—
Martin ratio: Return relative to average drawdown	3.83	—	—

Drawdowns

HDMV vs. IFLO - Drawdown Comparison

The maximum HDMV drawdown since its inception was -32.01%, which is greater than IFLO's maximum drawdown of -6.44%. Use the drawdown chart below to compare losses from any high point for HDMV and IFLO.

Drawdown Indicators

	HDMV	IFLO	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-6.44%	-25.57%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-6.44%	-2.29%
Max Drawdown (3Y) Largest decline over 3 years	-10.33%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-24.11%	—	—
Current Drawdown Current decline from peak	-4.42%	-3.37%	-1.05%
Average Drawdown Average peak-to-trough decline	-6.76%	-1.25%	-5.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	—	—

Volatility

Volatility by Period

	HDMV	IFLO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	9.72%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.41%	14.75%	-3.34%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.07%	14.75%	-2.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.23%	14.75%	-1.52%

HDMV vs. IFLO - Expense Ratio Comparison

HDMV has a 0.80% expense ratio, which is higher than IFLO's 0.56% expense ratio.

Dividends

HDMV vs. IFLO - Dividend Comparison

HDMV's dividend yield for the trailing twelve months is around 6.22%, more than IFLO's 1.51% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	6.22%	5.09%	3.24%	3.14%	3.53%	3.11%	1.45%	3.63%	2.88%	3.23%	0.18%
IFLO VictoryShares International Free Cash Flow ETF	1.51%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDMV and IFLO in my portfolio?

HDMV and IFLO have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HDMV or IFLO?

On 1-year performance, IFLO leads with 32.28% vs 11.67% for HDMV. On fees, IFLO is cheaper at 0.56% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDMV or IFLO?

Over the 1-year period, IFLO has performed better with a 32.28% return vs 11.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDMV or IFLO?

IFLO is cheaper with a 0.56% expense ratio, compared with 0.80% for HDMV.

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

HDMV has the higher dividend yield at 6.22%, compared with 1.51% for IFLO.

What is the main difference between HDMV and IFLO?

They also come from different issuers: First Trust and VictoryShares. Their fees differ too: 0.80% for HDMV and 0.56% for IFLO.