ROSC vs. HSMV

Last updated Jun 24, 2026

ROSC (Hartford Multifactor Small Cap ETF) and HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) are both Small Cap Blend Equities funds. ROSC is passively managed, while HSMV is actively managed. Over the past 5 years, ROSC returned 8.95%/yr vs 4.65%/yr for HSMV. Their correlation of 0.88 suggests significant overlap in exposure. ROSC charges 0.34%/yr vs 0.80%/yr for HSMV.

Performance

ROSC vs. HSMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Hartford Multifactor Small Cap ETF (ROSC) 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, ROSC achieves a 16.64% return, which is significantly higher than HSMV's 6.36% return.

ROSC

• 1D: 0.51%
• 1M: 3.56%
• YTD: 16.64%
• 6M: 14.85%
• 1Y: 34.90%
• 3Y*: 17.42%
• 5Y*: 8.95%
• 10Y*: 11.36%

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)

ROSC vs. HSMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
ROSC Hartford Multifactor Small Cap ETF	16.64%	10.18%	7.28%	18.88%	-10.58%	31.37%	58.23%
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 ROSC and HSMV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 7, 2020	0.88

The correlation between ROSC and HSMV shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

ROSC vs. HSMV - Sectors Allocation Comparison

Sectors	ROSC	HSMV
Healthcare	20.0%	4.7%
Financial Services	18.4%	16.7%
Consumer Cyclical	14.6%	7.9%
Technology	13.0%	1.9%
Industrials	11.0%	14.6%
Consumer Defensive	6.4%	7.2%
Real Estate	5.6%	24.3%
Communication Services	3.5%	2.4%
Energy	3.2%	2.8%
Basic Materials	2.6%	5.8%
Utilities	1.9%	11.7%

Return for Risk

ROSC vs. HSMV — Risk / Return Rank

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

ROSC

ROSC Risk / Return Rank: 79
ROSC Sharpe Ratio Rank: 77
ROSC Sortino Ratio Rank: 81
ROSC Omega Ratio Rank: 73
ROSC Calmar Ratio Rank: 86
ROSC Martin Ratio Rank: 80

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.

ROSC vs. HSMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Hartford Multifactor Small Cap ETF (ROSC) 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.

	ROSC	HSMV	Difference
Sharpe ratio: Return per unit of total volatility	2.27	0.65	+1.62
Sortino ratio: Return per unit of downside risk	3.30	1.03	+2.27
Omega ratio: Gain probability vs. loss probability	1.40	1.11	+0.28
Calmar ratio: Return relative to maximum drawdown	4.52	0.87	+3.65
Martin ratio: Return relative to average drawdown	14.75	2.58	+12.17

ROSC vs. HSMV - Sharpe Ratio Comparison

The current ROSC Sharpe Ratio is 2.27, which is higher than the HSMV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of ROSC 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

ROSC vs. HSMV - Drawdown Comparison

The maximum ROSC drawdown since its inception was -43.13%, which is greater than HSMV's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for ROSC and HSMV.

Drawdown Indicators

	ROSC	HSMV	Difference
Max Drawdown Largest peak-to-trough decline	-43.13%	-19.16%	-23.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.75%	-7.83%	+0.08%
Max Drawdown (3Y) Largest decline over 3 years	-23.74%	-15.45%	-8.29%
Max Drawdown (5Y) Largest decline over 5 years	-23.74%	-19.16%	-4.58%
Max Drawdown (10Y) Largest decline over 10 years	-43.13%	—	—
Current Drawdown Current decline from peak	-0.33%	-1.35%	+1.02%
Average Drawdown Average peak-to-trough decline	-7.18%	-5.58%	-1.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.37%	2.63%	-0.26%

Volatility

ROSC vs. HSMV - Volatility Comparison

Hartford Multifactor Small Cap ETF (ROSC) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) have volatilities of 3.54% and 3.58%, 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

	ROSC	HSMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.54%	3.58%	-0.04%
Volatility (6M) Calculated over the trailing 6-month period	10.40%	7.63%	+2.77%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	10.62%	+4.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.29%	15.00%	+4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.24%	16.03%	+4.21%

ROSC vs. HSMV - Expense Ratio Comparison

ROSC has a 0.34% expense ratio, which is lower than HSMV's 0.80% expense ratio.

Dividends

ROSC vs. HSMV - Dividend Comparison

ROSC's dividend yield for the trailing twelve months is around 1.79%, less than HSMV's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
ROSC Hartford Multifactor Small Cap ETF	1.79%	2.08%	2.00%	2.01%	1.51%	2.13%	1.75%	3.05%	2.86%	2.13%	2.20%	2.48%

Frequently Asked Questions

Can I hold both ROSC and HSMV in my portfolio?

ROSC and HSMV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ROSC or HSMV?

HSMV has higher volatility (3.58%) compared to ROSC (3.54%). In terms of maximum drawdown, ROSC dropped -43.13% vs HSMV's -19.16%.

Which ETF is better, ROSC or HSMV?

On 5-year performance, ROSC leads with 8.95% vs 4.65% for HSMV. On fees, ROSC is cheaper at 0.34% 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, ROSC or HSMV?

Over the 5-year period, ROSC has performed better with a 8.95% return vs 4.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ROSC or HSMV?

ROSC is cheaper with a 0.34% expense ratio, compared with 0.80% for HSMV.

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

HSMV has the higher dividend yield at 1.94%, compared with 1.79% for ROSC.

What is the main difference between ROSC and HSMV?

They also come from different issuers: Hartford and First Trust. Their fees differ too: 0.34% for ROSC and 0.80% for HSMV.

Which has better risk-adjusted returns?

ROSC currently has the higher Sharpe Ratio (2.27 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.