HDMV vs. IPOS
Compare and contrast key facts about First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) and Renaissance International IPO ETF (IPOS).
HDMV and IPOS 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. IPOS is a passively managed fund by Renaissance Capital that tracks the performance of the Renaissance International IPO Index. It was launched on Oct 6, 2014.
Performance
HDMV vs. IPOS - Performance Comparison
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HDMV vs. IPOS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.79% | 29.31% | 2.99% | 9.62% | -11.47% | 7.39% | -9.42% | 15.00% | -7.60% | 27.49% |
IPOS Renaissance International IPO ETF | 11.50% | 39.93% | -12.34% | -16.49% | -33.46% | -30.62% | 50.71% | 30.93% | -22.33% | 36.83% |
Returns By Period
In the year-to-date period, HDMV achieves a 4.79% return, which is significantly lower than IPOS's 11.50% return.
HDMV
- 1D
- 0.58%
- 1M
- -3.90%
- YTD
- 4.79%
- 6M
- 8.22%
- 1Y
- 20.29%
- 3Y*
- 13.20%
- 5Y*
- 7.23%
- 10Y*
- —
IPOS
- 1D
- 3.33%
- 1M
- -9.87%
- YTD
- 11.50%
- 6M
- 8.27%
- 1Y
- 48.78%
- 3Y*
- 5.45%
- 5Y*
- -11.43%
- 10Y*
- 0.53%
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HDMV vs. IPOS - Expense Ratio Comparison
Both HDMV and IPOS have an expense ratio of 0.80%.
Return for Risk
HDMV vs. IPOS — Risk / Return Rank
HDMV
IPOS
HDMV vs. IPOS - 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 Renaissance International IPO ETF (IPOS). 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 | IPOS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.55 | 1.68 | -0.12 |
Sortino ratioReturn per unit of downside risk | 2.02 | 2.11 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.31 | 1.33 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 2.43 | 2.84 | -0.41 |
Martin ratioReturn relative to average drawdown | 8.61 | 8.62 | -0.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HDMV | IPOS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.55 | 1.68 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | -0.43 | +1.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.01 | +0.41 |
Correlation
The correlation between HDMV and IPOS is 0.49, 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. IPOS - Dividend Comparison
HDMV's dividend yield for the trailing twelve months is around 4.68%, more than IPOS's 0.85% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.68% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% | 0.00% |
IPOS Renaissance International IPO ETF | 0.85% | 1.04% | 0.93% | 0.33% | 0.00% | 0.00% | 0.25% | 0.89% | 1.12% | 0.87% | 1.73% | 1.08% |
Drawdowns
HDMV vs. IPOS - Drawdown Comparison
The maximum HDMV drawdown since its inception was -32.01%, smaller than the maximum IPOS drawdown of -73.09%. Use the drawdown chart below to compare losses from any high point for HDMV and IPOS.
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Drawdown Indicators
| HDMV | IPOS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -73.09% | +41.08% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -17.17% | +8.44% |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | -70.33% | +46.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -73.09% | — |
Current DrawdownCurrent decline from peak | -5.54% | -52.62% | +47.08% |
Average DrawdownAverage peak-to-trough decline | -6.83% | -31.78% | +24.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.46% | 5.66% | -3.20% |
Volatility
HDMV vs. IPOS - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) is 5.40%, while Renaissance International IPO ETF (IPOS) has a volatility of 15.75%. This indicates that HDMV experiences smaller price fluctuations and is considered to be less risky than IPOS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDMV | IPOS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.40% | 15.75% | -10.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 24.15% | -15.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.16% | 29.25% | -16.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.94% | 26.52% | -14.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 23.70% | -10.47% |