HUSV vs. LGLV

Last updated Jun 4, 2026

HUSV (First Trust Horizon Managed Volatility Domestic ETF) and LGLV (SPDR SSGA US Large Cap Low Volatility Index ETF) are both Volatility Hedged Equity funds. HUSV is actively managed, while LGLV is passively managed. Over the past 5 years, HUSV returned 5.52%/yr vs 7.70%/yr for LGLV. Their correlation of 0.90 suggests significant overlap in exposure. HUSV charges 0.70%/yr vs 0.12%/yr for LGLV.

Performance

HUSV vs. LGLV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Horizon Managed Volatility Domestic ETF (HUSV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with HUSV having a 0.86% return and LGLV slightly lower at 0.83%.

HUSV

• 1D: -0.19%
• 1M: 0.13%
• YTD: 0.86%
• 6M: 0.60%
• 1Y: -1.99%
• 3Y*: 8.18%
• 5Y*: 5.52%
• 10Y*: —

LGLV

• 1D: -0.06%
• 1M: -1.79%
• YTD: 0.83%
• 6M: 1.07%
• 1Y: 2.87%
• 3Y*: 11.07%
• 5Y*: 7.70%
• 10Y*: 11.00%

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

HUSV vs. LGLV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HUSV First Trust Horizon Managed Volatility Domestic ETF	0.86%	4.96%	12.64%	3.51%	-6.31%	26.04%	5.39%	26.98%	-1.92%	16.07%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	0.83%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	17.84%

Correlation

The correlation between HUSV and LGLV is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Aug 26, 2016	0.90

The correlation between HUSV and LGLV has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

HUSV vs. LGLV - Sectors Allocation Comparison

Sectors	HUSV	LGLV
Technology	23.0%	8.8%
Financial Services	15.3%	9.9%
Utilities	12.3%	11.8%
Industrials	11.1%	18.4%
Real Estate	9.8%	17.4%
Consumer Cyclical	7.9%	9.4%
Healthcare	7.4%	7.0%
Consumer Defensive	6.3%	5.9%
Basic Materials	3.0%	3.5%
Energy	2.5%	3.7%
Communication Services	1.4%	4.2%

Return for Risk

HUSV vs. LGLV — Risk / Return Rank

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

HUSV

HUSV Risk / Return Rank: 6
HUSV Sharpe Ratio Rank: 7
HUSV Sortino Ratio Rank: 6
HUSV Omega Ratio Rank: 6
HUSV Calmar Ratio Rank: 6
HUSV Martin Ratio Rank: 6

LGLV

LGLV Risk / Return Rank: 13
LGLV Sharpe Ratio Rank: 13
LGLV Sortino Ratio Rank: 12
LGLV Omega Ratio Rank: 12
LGLV Calmar Ratio Rank: 14
LGLV Martin Ratio Rank: 14

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.

HUSV vs. LGLV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV). 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.

	HUSV	LGLV	Difference
Sharpe ratio: Return per unit of total volatility	-0.22	0.31	-0.53
Sortino ratio: Return per unit of downside risk	-0.25	0.51	-0.76
Omega ratio: Gain probability vs. loss probability	0.97	1.06	-0.08
Calmar ratio: Return relative to maximum drawdown	-0.29	0.42	-0.72
Martin ratio: Return relative to average drawdown	-0.71	1.08	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HUSV vs. LGLV - Sharpe Ratio Comparison

The current HUSV Sharpe Ratio is -0.22, which is lower than the LGLV Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of HUSV and LGLV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	HUSV	LGLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.22	0.31	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	0.60	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.69	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.76	-0.17

Drawdowns

HUSV vs. LGLV - Drawdown Comparison

The maximum HUSV drawdown since its inception was -35.72%, roughly equal to the maximum LGLV drawdown of -36.64%. Use the drawdown chart below to compare losses from any high point for HUSV and LGLV.

Drawdown Indicators

	HUSV	LGLV	Difference
Max Drawdown Largest peak-to-trough decline	-35.72%	-36.64%	+0.92%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-6.86%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-9.35%	-10.17%	+0.82%
Max Drawdown (5Y) Largest decline over 5 years	-17.00%	-17.49%	+0.49%
Max Drawdown (10Y) Largest decline over 10 years	—	-36.64%	—
Current Drawdown Current decline from peak	-3.95%	-6.60%	+2.65%
Average Drawdown Average peak-to-trough decline	-3.61%	-3.21%	-0.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.80%	2.67%	+0.13%

Volatility

HUSV vs. LGLV - Volatility Comparison

First Trust Horizon Managed Volatility Domestic ETF (HUSV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) have volatilities of 2.36% and 2.42%, 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.

Volatility by Period

	HUSV	LGLV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.36%	2.42%	-0.06%
Volatility (6M) Calculated over the trailing 6-month period	6.30%	6.52%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	9.07%	9.20%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.02%	12.91%	-0.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.49%	16.06%	-1.57%

HUSV vs. LGLV - Expense Ratio Comparison

HUSV has a 0.70% expense ratio, which is higher than LGLV's 0.12% expense ratio.

Dividends

HUSV vs. LGLV - Dividend Comparison

HUSV's dividend yield for the trailing twelve months is around 1.37%, less than LGLV's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HUSV First Trust Horizon Managed Volatility Domestic ETF	1.37%	1.38%	1.14%	1.80%	1.68%	1.35%	1.29%	1.36%	1.48%	1.31%	0.35%	0.00%
LGLV SPDR SSGA US Large Cap Low Volatility Index ETF	2.04%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

Frequently Asked Questions

Can I hold both HUSV and LGLV in my portfolio?

With a correlation of 0.91, HUSV and LGLV move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, HUSV or LGLV?

LGLV has higher volatility (2.42%) compared to HUSV (2.36%). In terms of maximum drawdown, HUSV dropped -35.72% vs LGLV's -36.64%.

Which ETF is better, HUSV or LGLV?

On 5-year performance, LGLV leads with 7.70% vs 5.52% for HUSV. On fees, LGLV is cheaper at 0.12% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HUSV or LGLV?

Over the 5-year period, LGLV has performed better with a 7.70% return vs 5.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HUSV or LGLV?

LGLV is cheaper with a 0.12% expense ratio, compared with 0.70% for HUSV.

Which ETF pays a higher dividend yield, HUSV or LGLV?

LGLV has the higher dividend yield at 2.04%, compared with 1.37% for HUSV.

What is the main difference between HUSV and LGLV?

They also come from different issuers: First Trust and State Street. Their fees differ too: 0.70% for HUSV and 0.12% for LGLV.

Which has better risk-adjusted returns?

LGLV currently has the higher Sharpe Ratio (0.31 vs -0.22), 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.