HDMV vs. JIVE

Last updated Jun 21, 2026

HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) and JIVE (Jpmorgan International Value ETF) are both Foreign Large Cap Equities funds. Both are actively managed. Over the past year, HDMV returned 11.67% vs 44.79% for JIVE. A 0.78 correlation means they provide meaningful diversification when combined. HDMV charges 0.80%/yr vs 0.55%/yr for JIVE.

Performance

HDMV vs. JIVE - 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 Jpmorgan International Value ETF (JIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDMV achieves a 5.33% return, which is significantly lower than JIVE's 17.00% return.

HDMV

• 1D: -0.11%
• 1M: -2.02%
• YTD: 5.33%
• 6M: 5.99%
• 1Y: 11.67%
• 3Y*: 12.31%
• 5Y*: 6.92%
• 10Y*: —

JIVE

• 1D: 0.32%
• 1M: 1.66%
• YTD: 17.00%
• 6M: 18.43%
• 1Y: 44.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HDMV vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	5.33%	29.31%	2.99%	5.19%
JIVE Jpmorgan International Value ETF	17.00%	49.80%	11.22%	5.36%

Correlation

The correlation between HDMV and JIVE is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.78

The correlation between HDMV and JIVE has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

HDMV vs. JIVE - Sectors Allocation Comparison

Sectors	HDMV	JIVE
Financial Services	24.5%	37.6%
Industrials	15.4%	10.2%
Utilities	14.4%	2.4%
Real Estate	13.7%	2.4%
Consumer Defensive	13.1%	4.3%
Communication Services	9.5%	4.2%
Healthcare	3.2%	4.5%
Consumer Cyclical	2.7%	6.2%
Energy	1.7%	10.7%
Basic Materials	1.0%	5.7%
Technology	0.9%	11.7%

Return for Risk

HDMV vs. JIVE — Risk / Return Rank

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

HDMV

HDMV Risk / Return Rank: 27
HDMV Sharpe Ratio Rank: 28
HDMV Sortino Ratio Rank: 26
HDMV Omega Ratio Rank: 27
HDMV Calmar Ratio Rank: 27
HDMV Martin Ratio Rank: 28

JIVE

JIVE Risk / Return Rank: 87
JIVE Sharpe Ratio Rank: 91
JIVE Sortino Ratio Rank: 89
JIVE Omega Ratio Rank: 88
JIVE Calmar Ratio Rank: 83
JIVE Martin Ratio Rank: 83

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. JIVE - 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 Jpmorgan International Value ETF (JIVE). 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	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	0.99	2.94	-1.95
Sortino ratio: Return per unit of downside risk	1.41	3.84	-2.43
Omega ratio: Gain probability vs. loss probability	1.18	1.52	-0.34
Calmar ratio: Return relative to maximum drawdown	1.29	4.17	-2.88
Martin ratio: Return relative to average drawdown	3.76	16.00	-12.24

HDMV vs. JIVE - Sharpe Ratio Comparison

The current HDMV Sharpe Ratio is 0.99, which is lower than the JIVE Sharpe Ratio of 2.94. The chart below compares the historical Sharpe Ratios of HDMV and JIVE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

HDMV vs. JIVE - Drawdown Comparison

The maximum HDMV drawdown since its inception was -32.01%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for HDMV and JIVE.

Drawdown Indicators

	HDMV	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-32.01%	-13.79%	-18.22%
Max Drawdown (1Y) Largest decline over 1 year	-8.73%	-10.57%	+1.84%
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	-5.05%	-0.67%	-4.38%
Average Drawdown Average peak-to-trough decline	-6.76%	-1.95%	-4.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.00%	2.75%	+0.25%

Volatility

HDMV vs. JIVE - Volatility Comparison

The current volatility for First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) is 3.52%, while Jpmorgan International Value ETF (JIVE) has a volatility of 5.49%. This indicates that HDMV experiences smaller price fluctuations and is considered to be less risky than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDMV	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.52%	5.49%	-1.97%
Volatility (6M) Calculated over the trailing 6-month period	9.70%	12.72%	-3.02%
Volatility (1Y) Calculated over the trailing 1-year period	11.40%	15.00%	-3.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.09%	15.10%	-3.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.24%	15.10%	-1.86%

HDMV vs. JIVE - Expense Ratio Comparison

HDMV has a 0.80% expense ratio, which is higher than JIVE's 0.55% expense ratio.

Dividends

HDMV vs. JIVE - Dividend Comparison

HDMV's dividend yield for the trailing twelve months is around 4.65%, more than JIVE's 2.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
HDMV First Trust Horizon Managed Volatility Developed Intl ETF	4.65%	5.09%	3.24%	3.14%	3.53%	3.11%	1.45%	3.63%	2.88%	3.23%	0.18%
JIVE Jpmorgan International Value ETF	2.46%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HDMV and JIVE in my portfolio?

HDMV and JIVE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDMV or JIVE?

JIVE has higher volatility (5.49%) compared to HDMV (3.52%). In terms of maximum drawdown, HDMV dropped -32.01% vs JIVE's -13.79%.

Which ETF is better, HDMV or JIVE?

On 1-year performance, JIVE leads with 44.79% vs 11.67% for HDMV. On fees, JIVE is cheaper at 0.55% per year. On volatility, HDMV has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDMV or JIVE?

Over the 1-year period, JIVE has performed better with a 44.79% 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 JIVE?

JIVE is cheaper with a 0.55% expense ratio, compared with 0.80% for HDMV.

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

HDMV has the higher dividend yield at 4.65%, compared with 2.46% for JIVE.

What is the main difference between HDMV and JIVE?

They also come from different issuers: First Trust and JPMorgan. Their fees differ too: 0.80% for HDMV and 0.55% for JIVE.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.94 vs 0.99), 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.