HDMV vs. RBIL
HDMV (First Trust Horizon Managed Volatility Developed Intl ETF) and RBIL (F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF) are both exchange-traded funds - HDMV is a Foreign Large Cap Equities fund actively managed by First Trust, while RBIL is a Inflation-Protected Bonds fund tracking the Bloomberg US Ultrashort TIPS 1-13 Months Index. HDMV is actively managed, while RBIL is passively managed. Over the past year, HDMV returned 12.13% vs 3.95% for RBIL. At a correlation of -0.11, they often move in opposite directions. HDMV charges 0.80%/yr vs 0.17%/yr for RBIL.
Performance
HDMV vs. RBIL - Performance Comparison
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Returns By Period
In the year-to-date period, HDMV achieves a 5.77% return, which is significantly higher than RBIL's 2.31% return.
HDMV
- 1D
- 0.42%
- 1M
- -0.83%
- YTD
- 5.77%
- 6M
- 6.21%
- 1Y
- 12.13%
- 3Y*
- 13.37%
- 5Y*
- 6.88%
- 10Y*
- —
RBIL
- 1D
- -0.05%
- 1M
- -0.20%
- YTD
- 2.31%
- 6M
- 2.35%
- 1Y
- 3.95%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HDMV vs. RBIL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 5.77% | 20.92% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 2.31% | 2.85% |
Correlation
The correlation between HDMV and RBIL is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since Feb 25, 2025 | -0.11 |
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Return for Risk
HDMV vs. RBIL — Risk / Return Rank
HDMV
RBIL
HDMV vs. RBIL - 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 F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL). 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 | RBIL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.11 | ||
| Sortino ratioReturn per unit of downside risk | -4.88 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 2.06 | -0.87 |
| Calmar ratioReturn relative to maximum drawdown | 1.40 | 7.59 | -6.19 |
| Martin ratioReturn relative to average drawdown | 4.04 | 44.07 | -40.04 |
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Drawdowns
HDMV vs. RBIL - Drawdown Comparison
The maximum HDMV drawdown since its inception was -32.01%, which is greater than RBIL's maximum drawdown of -0.52%. Use the drawdown chart below to compare losses from any high point for HDMV and RBIL.
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Drawdown Indicators
| HDMV | RBIL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.01% | -0.52% | -31.49% |
Max Drawdown (1Y)Largest decline over 1 year | -8.73% | -0.52% | -8.21% |
Max Drawdown (3Y)Largest decline over 3 years | -10.33% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -24.11% | — | — |
Current DrawdownCurrent decline from peak | -4.66% | -0.51% | -4.15% |
Average DrawdownAverage peak-to-trough decline | -6.76% | -0.07% | -6.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 0.09% | +2.92% |
Volatility
HDMV vs. RBIL - Volatility Comparison
First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) has a higher volatility of 3.38% compared to F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) at 0.36%. This indicates that HDMV's price experiences larger fluctuations and is considered to be riskier than RBIL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HDMV | RBIL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.38% | 0.36% | +3.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.70% | 0.85% | +8.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.42% | 0.95% | +10.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.08% | 1.07% | +11.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.23% | 1.07% | +12.16% |
HDMV vs. RBIL - Expense Ratio Comparison
HDMV has a 0.80% expense ratio, which is higher than RBIL's 0.17% expense ratio.
Dividends
HDMV vs. RBIL - Dividend Comparison
HDMV's dividend yield for the trailing twelve months is around 4.63%, more than RBIL's 4.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.63% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% |
RBIL F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF | 4.38% | 3.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HDMV and RBIL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HDMV has higher volatility (3.38%) compared to RBIL (0.36%). In terms of maximum drawdown, HDMV dropped -32.01% vs RBIL's -0.52%.
On 1-year performance, HDMV leads with 12.13% vs 3.95% for RBIL. On fees, RBIL is cheaper at 0.17% per year. On volatility, RBIL has been the lower-risk option at 0.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, HDMV has performed better with a 12.13% return vs 3.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
RBIL is cheaper with a 0.17% expense ratio, compared with 0.80% for HDMV.
HDMV has the higher dividend yield at 4.63%, compared with 4.38% for RBIL.
HDMV is categorized as Foreign Large Cap Equities, while RBIL is Inflation-Protected Bonds. They also come from different issuers: First Trust and F/m. Their fees differ too: 0.80% for HDMV and 0.17% for RBIL.
RBIL currently has the higher Sharpe Ratio (4.18 vs 1.07), 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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