HUSV vs. LGLV

Last updated Apr 2, 2026

Compare and contrast key facts about First Trust Horizon Managed Volatility Domestic ETF (HUSV) and SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV).

HUSV and LGLV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HUSV is an actively managed fund by First Trust. It was launched on Aug 24, 2016. LGLV is a passively managed fund by State Street that tracks the performance of the SSGA US Large Cap Low Volatility (TR). It was launched on Feb 20, 2013.

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.

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	-0.31%	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	2.28%	8.37%	16.22%	9.19%	-8.17%	27.95%	7.42%	30.83%	0.32%	17.84%

Returns By Period

In the year-to-date period, HUSV achieves a -0.31% return, which is significantly lower than LGLV's 2.28% return.

HUSV

• 1D: 0.28%
• 1M: -4.97%
• YTD: -0.31%
• 6M: -2.06%
• 1Y: -2.83%
• 3Y*: 7.48%
• 5Y*: 6.59%
• 10Y*: —

LGLV

• 1D: 0.28%
• 1M: -5.25%
• YTD: 2.28%
• 6M: 1.83%
• 1Y: 4.62%
• 3Y*: 11.56%
• 5Y*: 9.31%
• 10Y*: 11.27%

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

HUSV vs. LGLV - Expense Ratio Comparison

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

HUSV

First Trust Horizon Managed Volatility Domestic ETF

LGLV

SPDR SSGA US Large Cap Low Volatility Index ETF

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: 8
HUSV Sortino Ratio Rank: 7
HUSV Omega Ratio Rank: 7
HUSV Calmar Ratio Rank: 7
HUSV Martin Ratio Rank: 3

LGLV

LGLV Risk / Return Rank: 22
LGLV Sharpe Ratio Rank: 22
LGLV Sortino Ratio Rank: 20
LGLV Omega Ratio Rank: 21
LGLV Calmar Ratio Rank: 23
LGLV Martin Ratio Rank: 26

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	-0.23	0.36	-0.59
Sortino ratio Return per unit of downside risk	-0.23	0.59	-0.82
Omega ratio Gain probability vs. loss probability	0.97	1.08	-0.11
Calmar ratio Return relative to maximum drawdown	-0.32	0.49	-0.81
Martin ratio Return relative to average drawdown	-1.07	2.04	-3.11
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 -0.23, which is lower than the LGLV Sharpe Ratio of 0.36. The chart below compares the historical Sharpe Ratios of HUSV and LGLV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	HUSV	LGLV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.23	0.36	-0.59
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.55	0.72	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.70	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.78	-0.19

Correlation

The correlation between HUSV and LGLV is 0.90, 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

HUSV vs. LGLV - Dividend Comparison

HUSV's dividend yield for the trailing twelve months is around 1.39%, less than LGLV's 2.01% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
HUSV First Trust Horizon Managed Volatility Domestic ETF	1.39%	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	2.01%	1.94%	1.93%	2.03%	1.95%	1.65%	1.98%	1.89%	2.09%	4.39%	2.54%	2.97%

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	-9.32%	-9.65%	+0.33%
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	-5.06%	-5.25%	+0.19%
Average Drawdown Average peak-to-trough decline	-3.61%	-3.19%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.33%	+0.46%

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 3.04% and 3.12%, 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	3.04%	3.12%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	6.62%	6.61%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	12.73%	-0.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.04%	12.92%	-0.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.57%	16.10%	-1.53%