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HSMV vs. ROSC
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HSMV vs. ROSC

Last updated Jun 24, 2026

HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) and ROSC (Hartford Multifactor Small Cap ETF) are both Small Cap Blend Equities funds. HSMV is actively managed, while ROSC is passively managed. Over the past 5 years, HSMV returned 4.65%/yr vs 8.95%/yr for ROSC. Their correlation of 0.88 suggests significant overlap in exposure. HSMV charges 0.80%/yr vs 0.34%/yr for ROSC.

Performance

HSMV vs. ROSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Hartford Multifactor Small Cap ETF (ROSC). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HSMV achieves a 6.36% return, which is significantly lower than ROSC's 16.64% return.

HSMV

1D
0.95%
1M
1.13%
YTD
6.36%
6M
5.52%
1Y
6.78%
3Y*
9.91%
5Y*
4.65%
10Y*
—

ROSC

1D
0.51%
1M
3.56%
YTD
16.64%
6M
14.85%
1Y
34.90%
3Y*
17.42%
5Y*
8.95%
10Y*
11.36%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HSMV vs. ROSC - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
HSMV
First Trust Horizon Managed Volatility Small/Mid ETF		6.36%1.57%13.17%5.01%-9.44%23.72%34.70%
ROSC
Hartford Multifactor Small Cap ETF		16.64%10.18%7.28%18.88%-10.58%31.37%58.23%

Correlation

The correlation between HSMV and ROSC is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.84

Correlation (5Y)
Calculated over the trailing 5-year period

0.87

Correlation (All Time)
Calculated using the full available price history since Apr 7, 2020

0.88

The correlation between HSMV and ROSC shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

HSMV vs. ROSC - Sectors Allocation Comparison

Sectors
HSMV
ROSC

Real Estate

24.3%
5.6%

Financial Services

16.7%
18.4%

Industrials

14.6%
11.0%

Utilities

11.7%
1.9%

Consumer Cyclical

7.9%
14.6%

Consumer Defensive

7.2%
6.4%

Basic Materials

5.8%
2.6%

Healthcare

4.7%
20.0%

Energy

2.8%
3.2%

Communication Services

2.4%
3.5%

Technology

1.9%
13.0%

Real Estate

HSMV
24.3%
ROSC
5.6%

Financial Services

HSMV
16.7%
ROSC
18.4%

Industrials

HSMV
14.6%
ROSC
11.0%

Utilities

HSMV
11.7%
ROSC
1.9%

Consumer Cyclical

HSMV
7.9%
ROSC
14.6%

Consumer Defensive

HSMV
7.2%
ROSC
6.4%

Basic Materials

HSMV
5.8%
ROSC
2.6%

Healthcare

HSMV
4.7%
ROSC
20.0%

Energy

HSMV
2.8%
ROSC
3.2%

Communication Services

HSMV
2.4%
ROSC
3.5%

Technology

HSMV
1.9%
ROSC
13.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Horizon Managed Volatility Small/Mid ETF

Hartford Multifactor Small Cap ETF

Often compared with HSMV:
HSMV vs. VOOHSMV vs. SPYHSMV vs. SELVHSMV vs. BBSCHSMV vs. SFLOHSMV vs. VTWOHSMV vs. VIOO
Often compared with ROSC:
ROSC vs. JEPIROSC vs. SPMOROSC vs. AVUVROSC vs. SQLVROSC vs. VBRROSC vs. CALFROSC vs. SMLV

Return for Risk

HSMV vs. ROSC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HSMV
HSMV Risk / Return Rank: 2020
Overall Rank
HSMV Sharpe Ratio Rank: 2020
Sharpe Ratio Rank
HSMV Sortino Ratio Rank: 1919
Sortino Ratio Rank
HSMV Omega Ratio Rank: 1818
Omega Ratio Rank
HSMV Calmar Ratio Rank: 2020
Calmar Ratio Rank
HSMV Martin Ratio Rank: 2222
Martin Ratio Rank
ROSC
ROSC Risk / Return Rank: 7979
Overall Rank
ROSC Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
ROSC Sortino Ratio Rank: 8181
Sortino Ratio Rank
ROSC Omega Ratio Rank: 7373
Omega Ratio Rank
ROSC Calmar Ratio Rank: 8686
Calmar Ratio Rank
ROSC Martin Ratio Rank: 8080
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.

HSMV vs. ROSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Hartford Multifactor Small Cap ETF (ROSC). 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.

HSMVROSCDifference
Sharpe ratioReturn per unit of total volatility
0.65
2.27

-1.62

Sortino ratioReturn per unit of downside risk
1.03
3.30

-2.27

Omega ratioGain probability vs. loss probability

1.11

1.40

-0.28

Calmar ratioReturn relative to maximum drawdown

0.87

4.52

-3.65

Martin ratioReturn relative to average drawdown

2.58

14.75

-12.17

HSMV vs. ROSC - Sharpe Ratio Comparison

The current HSMV Sharpe Ratio is 0.65, which is lower than the ROSC Sharpe Ratio of 2.27. The chart below compares the historical Sharpe Ratios of HSMV and ROSC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

HSMV vs. ROSC - Drawdown Comparison

The maximum HSMV drawdown since its inception was -19.16%, smaller than the maximum ROSC drawdown of -43.13%. Use the drawdown chart below to compare losses from any high point for HSMV and ROSC.

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Drawdown Indicators

HSMVROSCDifference

Max Drawdown

Largest peak-to-trough decline

-19.16%

-43.13%

+23.97%

Max Drawdown (1Y)

Largest decline over 1 year

-7.83%

-7.75%

-0.08%

Max Drawdown (3Y)

Largest decline over 3 years

-15.45%

-23.74%

+8.29%

Max Drawdown (5Y)

Largest decline over 5 years

-19.16%

-23.74%

+4.58%

Max Drawdown (10Y)

Largest decline over 10 years

—

-43.13%

—

Current Drawdown

Current decline from peak

-1.35%

-0.33%

-1.02%

Average Drawdown

Average peak-to-trough decline

-5.58%

-7.18%

+1.60%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.37%

+0.26%

Volatility

HSMV vs. ROSC - Volatility Comparison

First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Hartford Multifactor Small Cap ETF (ROSC) have volatilities of 3.58% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

HSMVROSCDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.58%

3.54%

+0.04%

Volatility (6M)

Calculated over the trailing 6-month period

7.63%

10.40%

-2.77%

Volatility (1Y)

Calculated over the trailing 1-year period

10.62%

15.53%

-4.91%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.00%

19.29%

-4.29%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.03%

20.24%

-4.21%

HSMV vs. ROSC - Expense Ratio Comparison

HSMV has a 0.80% expense ratio, which is higher than ROSC's 0.34% expense ratio.

Dividends

HSMV vs. ROSC - Dividend Comparison

HSMV's dividend yield for the trailing twelve months is around 1.94%, more than ROSC's 1.79% yield.

PositionTTM20252024202320222021202020192018201720162015
HSMV
First Trust Horizon Managed Volatility Small/Mid ETF		1.94%2.01%1.43%1.43%1.26%0.76%0.80%0.00%0.00%0.00%0.00%0.00%
ROSC
Hartford Multifactor Small Cap ETF		1.79%2.08%2.00%2.01%1.51%2.13%1.75%3.05%2.86%2.13%2.20%2.48%

Frequently Asked Questions

HSMV and ROSC have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HSMV has higher volatility (3.58%) compared to ROSC (3.54%). In terms of maximum drawdown, HSMV dropped -19.16% vs ROSC's -43.13%.

On 5-year performance, ROSC leads with 8.95% vs 4.65% for HSMV. On fees, ROSC is cheaper at 0.34% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, ROSC has performed better with a 8.95% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

ROSC is cheaper with a 0.34% expense ratio, compared with 0.80% for HSMV.

HSMV has the higher dividend yield at 1.94%, compared with 1.79% for ROSC.

They also come from different issuers: First Trust and Hartford. Their fees differ too: 0.80% for HSMV and 0.34% for ROSC.

ROSC currently has the higher Sharpe Ratio (2.27 vs 0.65), 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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