HSMV vs. VPC
Compare and contrast key facts about First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Virtus Private Credit Strategy ETF (VPC).
HSMV and VPC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HSMV is an actively managed fund by First Trust. It was launched on Apr 6, 2020. VPC is a passively managed fund by Virtus Investment Partners that tracks the performance of the Indxx Private Credit Index. It was launched on Feb 7, 2019.
Performance
HSMV vs. VPC - Performance Comparison
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HSMV vs. VPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 1.79% | 1.57% | 13.17% | 5.01% | -9.44% | 23.72% | 34.70% |
VPC Virtus Private Credit Strategy ETF | -11.66% | -6.75% | 10.52% | 22.20% | -11.70% | 34.18% | 50.19% |
Returns By Period
In the year-to-date period, HSMV achieves a 1.79% return, which is significantly higher than VPC's -11.66% return.
HSMV
- 1D
- 0.83%
- 1M
- -5.20%
- YTD
- 1.79%
- 6M
- 0.63%
- 1Y
- 2.50%
- 3Y*
- 7.20%
- 5Y*
- 4.19%
- 10Y*
- —
VPC
- 1D
- 2.93%
- 1M
- -0.03%
- YTD
- -11.66%
- 6M
- -12.28%
- 1Y
- -16.52%
- 3Y*
- 2.20%
- 5Y*
- 2.19%
- 10Y*
- —
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HSMV vs. VPC - Expense Ratio Comparison
HSMV has a 0.80% expense ratio, which is lower than VPC's 5.53% expense ratio.
Return for Risk
HSMV vs. VPC — Risk / Return Rank
HSMV
VPC
HSMV vs. VPC - 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 Virtus Private Credit Strategy ETF (VPC). 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.
| HSMV | VPC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | -1.00 | +1.18 |
Sortino ratioReturn per unit of downside risk | 0.36 | -1.30 | +1.66 |
Omega ratioGain probability vs. loss probability | 1.05 | 0.83 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | -0.74 | +1.04 |
Martin ratioReturn relative to average drawdown | 1.11 | -1.75 | +2.87 |
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
| HSMV | VPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | -1.00 | +1.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.16 | +0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.18 | +0.49 |
Correlation
The correlation between HSMV and VPC is 0.61, 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
HSMV vs. VPC - Dividend Comparison
HSMV's dividend yield for the trailing twelve months is around 2.03%, less than VPC's 17.77% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 2.03% | 2.01% | 1.43% | 1.43% | 1.26% | 0.76% | 0.80% | 0.00% |
VPC Virtus Private Credit Strategy ETF | 17.77% | 14.33% | 11.26% | 11.71% | 10.74% | 6.31% | 10.06% | 8.19% |
Drawdowns
HSMV vs. VPC - Drawdown Comparison
The maximum HSMV drawdown since its inception was -19.16%, smaller than the maximum VPC drawdown of -53.45%. Use the drawdown chart below to compare losses from any high point for HSMV and VPC.
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Drawdown Indicators
| HSMV | VPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -53.45% | +34.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -22.76% | +12.19% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -24.86% | +5.70% |
Current DrawdownCurrent decline from peak | -5.59% | -21.75% | +16.16% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -7.41% | +1.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 9.59% | -6.70% |
Volatility
HSMV vs. VPC - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) is 3.53%, while Virtus Private Credit Strategy ETF (VPC) has a volatility of 5.51%. This indicates that HSMV experiences smaller price fluctuations and is considered to be less risky than VPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HSMV | VPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 5.51% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 10.48% | -3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 16.60% | -2.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 13.39% | +1.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 20.68% | -4.49% |