OSCV vs. HSMV

Last updated Jun 24, 2026

OSCV (Opus Small Cap Value Plus ETF) and HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) are both Small Cap Blend Equities funds. Both are actively managed. Over the past 5 years, OSCV returned 6.15%/yr vs 4.65%/yr for HSMV. Their correlation of 0.91 suggests significant overlap in exposure. OSCV charges 0.79%/yr vs 0.80%/yr for HSMV.

Performance

OSCV vs. HSMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Opus Small Cap Value Plus ETF (OSCV) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, OSCV achieves a 12.19% return, which is significantly higher than HSMV's 6.36% return.

OSCV

• 1D: 0.44%
• 1M: 2.09%
• YTD: 12.19%
• 6M: 10.21%
• 1Y: 16.60%
• 3Y*: 11.76%
• 5Y*: 6.15%
• 10Y*: —

HSMV

• 1D: 0.95%
• 1M: 1.13%
• YTD: 6.36%
• 6M: 5.52%
• 1Y: 6.78%
• 3Y*: 9.91%
• 5Y*: 4.65%
• 10Y*: —

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

OSCV vs. HSMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
OSCV Opus Small Cap Value Plus ETF	12.19%	1.35%	11.66%	10.14%	-11.41%	27.69%	53.26%
HSMV First Trust Horizon Managed Volatility Small/Mid ETF	6.36%	1.57%	13.17%	5.01%	-9.44%	23.72%	34.70%

Correlation

The correlation between OSCV and HSMV is 0.81, 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	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.89
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (All Time) Calculated using the full available price history since Apr 7, 2020	0.91

The correlation between OSCV and HSMV shifts across timeframes, from 0.81 (1 year) to 0.91 (all time), reflecting how their relationship changes across market environments.

OSCV vs. HSMV - Sectors Allocation Comparison

Sectors	OSCV	HSMV
Financial Services	27.7%	16.7%
Industrials	18.4%	14.6%
Energy	11.3%	2.8%
Consumer Cyclical	10.7%	7.9%
Real Estate	9.9%	24.3%
Healthcare	8.6%	4.7%
Basic Materials	6.0%	5.8%
Utilities	3.1%	11.7%
Consumer Defensive	2.2%	7.2%
Technology	2.2%	1.9%
Communication Services	-	2.4%

Return for Risk

OSCV vs. HSMV — Risk / Return Rank

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

OSCV

OSCV Risk / Return Rank: 41
OSCV Sharpe Ratio Rank: 38
OSCV Sortino Ratio Rank: 41
OSCV Omega Ratio Rank: 34
OSCV Calmar Ratio Rank: 48
OSCV Martin Ratio Rank: 42

HSMV

HSMV Risk / Return Rank: 20
HSMV Sharpe Ratio Rank: 20
HSMV Sortino Ratio Rank: 19
HSMV Omega Ratio Rank: 18
HSMV Calmar Ratio Rank: 20
HSMV Martin Ratio Rank: 22

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.

OSCV vs. HSMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Opus Small Cap Value Plus ETF (OSCV) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	OSCV	HSMV	Difference
Sharpe ratio: Return per unit of total volatility	1.25	0.65	+0.61
Sortino ratio: Return per unit of downside risk	1.93	1.03	+0.90
Omega ratio: Gain probability vs. loss probability	1.22	1.11	+0.10
Calmar ratio: Return relative to maximum drawdown	2.21	0.87	+1.34
Martin ratio: Return relative to average drawdown	6.42	2.58	+3.84

OSCV vs. HSMV - Sharpe Ratio Comparison

The current OSCV Sharpe Ratio is 1.25, which is higher than the HSMV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of OSCV and HSMV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

OSCV vs. HSMV - Drawdown Comparison

The maximum OSCV drawdown since its inception was -42.40%, which is greater than HSMV's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for OSCV and HSMV.

Drawdown Indicators

	OSCV	HSMV	Difference
Max Drawdown Largest peak-to-trough decline	-42.40%	-19.16%	-23.24%
Max Drawdown (1Y) Largest decline over 1 year	-7.55%	-7.83%	+0.28%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	-15.45%	-7.47%
Max Drawdown (5Y) Largest decline over 5 years	-22.92%	-19.16%	-3.76%
Current Drawdown Current decline from peak	-0.04%	-1.35%	+1.31%
Average Drawdown Average peak-to-trough decline	-7.56%	-5.58%	-1.98%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.59%	2.63%	-0.04%

Volatility

OSCV vs. HSMV - Volatility Comparison

The current volatility for Opus Small Cap Value Plus ETF (OSCV) is 2.97%, while First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) has a volatility of 3.58%. This indicates that OSCV experiences smaller price fluctuations and is considered to be less risky than HSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OSCV	HSMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	3.58%	-0.61%
Volatility (6M) Calculated over the trailing 6-month period	9.47%	7.63%	+1.84%
Volatility (1Y) Calculated over the trailing 1-year period	13.36%	10.62%	+2.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.22%	15.00%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	16.03%	+4.82%

OSCV vs. HSMV - Expense Ratio Comparison

OSCV has a 0.79% expense ratio, which is lower than HSMV's 0.80% expense ratio.

Dividends

OSCV vs. HSMV - Dividend Comparison

OSCV's dividend yield for the trailing twelve months is around 1.07%, less than HSMV's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
HSMV First Trust Horizon Managed Volatility Small/Mid ETF	1.94%	2.01%	1.43%	1.43%	1.26%	0.76%	0.80%	0.00%	0.00%
OSCV Opus Small Cap Value Plus ETF	1.07%	1.23%	1.29%	1.55%	1.12%	1.06%	1.11%	1.75%	0.25%

Frequently Asked Questions

Can I hold both OSCV and HSMV in my portfolio?

OSCV and HSMV have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OSCV or HSMV?

HSMV has higher volatility (3.58%) compared to OSCV (2.97%). In terms of maximum drawdown, OSCV dropped -42.40% vs HSMV's -19.16%.

Which ETF is better, OSCV or HSMV?

On 5-year performance, OSCV leads with 6.15% vs 4.65% for HSMV. On fees, OSCV is cheaper at 0.79% per year. On volatility, OSCV has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OSCV or HSMV?

Over the 5-year period, OSCV has performed better with a 6.15% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OSCV or HSMV?

OSCV is cheaper with a 0.79% expense ratio, compared with 0.80% for HSMV.

Which ETF pays a higher dividend yield, OSCV or HSMV?

HSMV has the higher dividend yield at 1.94%, compared with 1.07% for OSCV.

What is the main difference between OSCV and HSMV?

They also come from different issuers: Aptus Capital Advisors and First Trust. Their fees differ too: 0.79% for OSCV and 0.80% for HSMV.

Which has better risk-adjusted returns?

OSCV currently has the higher Sharpe Ratio (1.25 vs 0.65), 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.