HUSV vs. SPY
Compare and contrast key facts about First Trust Horizon Managed Volatility Domestic ETF (HUSV) and State Street SPDR S&P 500 ETF (SPY).
HUSV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993.
Performance
HUSV vs. SPY - Performance Comparison
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HUSV vs. SPY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HUSV First Trust Horizon Managed Volatility Domestic ETF | -0.59% | 4.96% | 12.64% | 3.51% | -6.31% | 26.04% | 5.39% | 26.98% | -1.92% | 16.07% |
SPY State Street SPDR S&P 500 ETF | -4.37% | 17.72% | 24.89% | 26.18% | -18.18% | 28.73% | 18.33% | 31.22% | -4.57% | 21.71% |
Returns By Period
In the year-to-date period, HUSV achieves a -0.59% return, which is significantly higher than SPY's -4.37% return.
HUSV
- 1D
- 0.73%
- 1M
- -5.33%
- YTD
- -0.59%
- 6M
- -3.03%
- 1Y
- -3.27%
- 3Y*
- 7.38%
- 5Y*
- 6.53%
- 10Y*
- —
SPY
- 1D
- 2.91%
- 1M
- -4.94%
- YTD
- -4.37%
- 6M
- -1.82%
- 1Y
- 17.59%
- 3Y*
- 18.19%
- 5Y*
- 11.69%
- 10Y*
- 13.98%
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HUSV vs. SPY - Expense Ratio Comparison
HUSV has a 0.70% expense ratio, which is higher than SPY's 0.09% expense ratio.
Return for Risk
HUSV vs. SPY — Risk / Return Rank
HUSV
SPY
HUSV vs. SPY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Horizon Managed Volatility Domestic ETF (HUSV) and State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.26 | 0.93 | -1.19 |
Sortino ratioReturn per unit of downside risk | -0.28 | 1.45 | -1.73 |
Omega ratioGain probability vs. loss probability | 0.96 | 1.22 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | -0.20 | 1.53 | -1.73 |
Martin ratioReturn relative to average drawdown | -0.68 | 7.30 | -7.98 |
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
| HUSV | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.26 | 0.93 | -1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.54 | 0.69 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.56 | +0.03 |
Correlation
The correlation between HUSV and SPY is 0.71, 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. SPY - Dividend Comparison
HUSV's dividend yield for the trailing twelve months is around 1.39%, more than SPY's 1.14% 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% |
SPY State Street SPDR S&P 500 ETF | 1.14% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
Drawdowns
HUSV vs. SPY - Drawdown Comparison
The maximum HUSV drawdown since its inception was -35.72%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for HUSV and SPY.
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Drawdown Indicators
| HUSV | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.72% | -55.19% | +19.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -12.05% | +2.73% |
Max Drawdown (5Y)Largest decline over 5 years | -17.00% | -24.50% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.72% | — |
Current DrawdownCurrent decline from peak | -5.33% | -6.24% | +0.91% |
Average DrawdownAverage peak-to-trough decline | -3.61% | -9.09% | +5.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.52% | +0.25% |
Volatility
HUSV vs. SPY - Volatility Comparison
The current volatility for First Trust Horizon Managed Volatility Domestic ETF (HUSV) is 3.00%, while State Street SPDR S&P 500 ETF (SPY) has a volatility of 5.31%. This indicates that HUSV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| HUSV | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 5.31% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 6.63% | 9.47% | -2.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 19.05% | -6.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.04% | 17.06% | -5.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.57% | 17.92% | -3.35% |