IMTM vs. HDMV
Compare and contrast key facts about iShares MSCI Intl Momentum Factor ETF (IMTM) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV).
IMTM and HDMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IMTM is a passively managed fund by iShares that tracks the performance of the MSCI World ex USA Momentum. It was launched on Jan 13, 2015. HDMV is an actively managed fund by First Trust. It was launched on Aug 24, 2016.
Performance
IMTM vs. HDMV - Performance Comparison
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IMTM vs. HDMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IMTM iShares MSCI Intl Momentum Factor ETF | 0.10% | 34.50% | 12.17% | 13.89% | -16.81% | 3.50% | 22.17% | 24.52% | -14.31% | 25.46% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.18% | 29.31% | 2.99% | 9.62% | -11.47% | 7.39% | -9.42% | 15.00% | -7.60% | 27.49% |
Returns By Period
In the year-to-date period, IMTM achieves a 0.10% return, which is significantly lower than HDMV's 4.18% return.
IMTM
- 1D
- 3.80%
- 1M
- -8.90%
- YTD
- 0.10%
- 6M
- 3.92%
- 1Y
- 26.08%
- 3Y*
- 17.95%
- 5Y*
- 7.77%
- 10Y*
- 9.46%
HDMV
- 1D
- 2.14%
- 1M
- -6.09%
- YTD
- 4.18%
- 6M
- 7.46%
- 1Y
- 20.52%
- 3Y*
- 12.99%
- 5Y*
- 7.11%
- 10Y*
- —
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IMTM vs. HDMV - Expense Ratio Comparison
IMTM has a 0.30% expense ratio, which is lower than HDMV's 0.80% expense ratio.
Return for Risk
IMTM vs. HDMV — Risk / Return Rank
IMTM
HDMV
IMTM vs. HDMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Intl Momentum Factor ETF (IMTM) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV). 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.
| IMTM | HDMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.40 | 1.57 | -0.17 |
Sortino ratioReturn per unit of downside risk | 1.96 | 2.04 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.31 | -0.02 |
Calmar ratioReturn relative to maximum drawdown | 1.99 | 2.28 | -0.29 |
Martin ratioReturn relative to average drawdown | 8.03 | 8.16 | -0.13 |
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
| IMTM | HDMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.40 | 1.57 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.60 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.41 | +0.04 |
Correlation
The correlation between IMTM and HDMV is 0.82, 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
IMTM vs. HDMV - Dividend Comparison
IMTM's dividend yield for the trailing twelve months is around 4.70%, which matches HDMV's 4.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMTM iShares MSCI Intl Momentum Factor ETF | 4.70% | 4.70% | 2.93% | 2.29% | 2.68% | 2.51% | 0.97% | 2.13% | 2.36% | 1.92% | 2.75% | 1.56% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.70% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% | 0.00% |
Drawdowns
IMTM vs. HDMV - Drawdown Comparison
The maximum IMTM drawdown since its inception was -32.66%, roughly equal to the maximum HDMV drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for IMTM and HDMV.
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Drawdown Indicators
| IMTM | HDMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.66% | -32.01% | -0.65% |
Max Drawdown (1Y)Largest decline over 1 year | -12.85% | -8.73% | -4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -32.66% | -24.11% | -8.55% |
Max Drawdown (10Y)Largest decline over 10 years | -32.66% | — | — |
Current DrawdownCurrent decline from peak | -9.53% | -6.09% | -3.44% |
Average DrawdownAverage peak-to-trough decline | -7.53% | -6.83% | -0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.19% | 2.44% | +0.75% |
Volatility
IMTM vs. HDMV - Volatility Comparison
iShares MSCI Intl Momentum Factor ETF (IMTM) has a higher volatility of 9.54% compared to First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) at 6.07%. This indicates that IMTM's price experiences larger fluctuations and is considered to be riskier than HDMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IMTM | HDMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.54% | 6.07% | +3.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.89% | 8.25% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.75% | 13.16% | +5.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 11.94% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.50% | 13.23% | +4.27% |