HSMV vs. VXF
Compare and contrast key facts about First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) and Vanguard Extended Market ETF (VXF).
HSMV and VXF 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. VXF is a passively managed fund by Vanguard that tracks the performance of the S&P Completion Index. It was launched on Dec 27, 2001.
Performance
HSMV vs. VXF - Performance Comparison
Loading graphics...
HSMV vs. VXF - 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% |
VXF Vanguard Extended Market ETF | -1.27% | 11.40% | 16.89% | 25.51% | -26.52% | 12.31% | 83.88% |
Returns By Period
In the year-to-date period, HSMV achieves a 1.79% return, which is significantly higher than VXF's -1.27% return.
HSMV
- 1D
- 0.83%
- 1M
- -5.20%
- YTD
- 1.79%
- 6M
- 0.63%
- 1Y
- 2.50%
- 3Y*
- 7.20%
- 5Y*
- 4.19%
- 10Y*
- —
VXF
- 1D
- 3.44%
- 1M
- -4.60%
- YTD
- -1.27%
- 6M
- -1.07%
- 1Y
- 20.89%
- 3Y*
- 15.08%
- 5Y*
- 3.98%
- 10Y*
- 10.92%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
HSMV vs. VXF - Expense Ratio Comparison
HSMV has a 0.80% expense ratio, which is higher than VXF's 0.06% expense ratio.
Return for Risk
HSMV vs. VXF — Risk / Return Rank
HSMV
VXF
HSMV vs. VXF - 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 Vanguard Extended Market ETF (VXF). 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 | VXF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.18 | 0.91 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.36 | 1.41 | -1.05 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.19 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.30 | 1.39 | -1.08 |
Martin ratioReturn relative to average drawdown | 1.11 | 5.72 | -4.61 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| HSMV | VXF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.18 | 0.91 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.28 | 0.18 | +0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.67 | 0.43 | +0.25 |
Correlation
The correlation between HSMV and VXF is 0.81, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HSMV vs. VXF - Dividend Comparison
HSMV's dividend yield for the trailing twelve months is around 2.03%, more than VXF's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% | 0.00% |
VXF Vanguard Extended Market ETF | 1.18% | 1.14% | 1.09% | 1.27% | 1.15% | 1.13% | 1.07% | 1.30% | 1.66% | 1.25% | 1.43% | 1.35% |
Drawdowns
HSMV vs. VXF - Drawdown Comparison
The maximum HSMV drawdown since its inception was -19.16%, smaller than the maximum VXF drawdown of -58.03%. Use the drawdown chart below to compare losses from any high point for HSMV and VXF.
Loading graphics...
Drawdown Indicators
| HSMV | VXF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.16% | -58.03% | +38.87% |
Max Drawdown (1Y)Largest decline over 1 year | -10.57% | -14.68% | +4.11% |
Max Drawdown (5Y)Largest decline over 5 years | -19.16% | -36.39% | +17.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.72% | — |
Current DrawdownCurrent decline from peak | -5.59% | -7.12% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -5.71% | -9.61% | +3.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 3.56% | -0.67% |
Volatility
HSMV vs. VXF - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) is 3.53%, while Vanguard Extended Market ETF (VXF) has a volatility of 7.00%. This indicates that HSMV experiences smaller price fluctuations and is considered to be less risky than VXF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| HSMV | VXF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.53% | 7.00% | -3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 7.15% | 13.49% | -6.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.63% | 23.05% | -9.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.02% | 22.36% | -7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.19% | 22.26% | -6.07% |