RSSL vs. HSMV

Last updated Jun 24, 2026

RSSL (Global X Russell 2000 ETF) and HSMV (First Trust Horizon Managed Volatility Small/Mid ETF) are both Small Cap Blend Equities funds. RSSL is passively managed, while HSMV is actively managed. Over the past year, RSSL returned 41.18% vs 6.78% for HSMV. A 0.70 correlation means they provide meaningful diversification when combined. RSSL charges 0.08%/yr vs 0.80%/yr for HSMV.

Performance

RSSL vs. HSMV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X Russell 2000 ETF (RSSL) 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, RSSL achieves a 20.32% return, which is significantly higher than HSMV's 6.36% return.

RSSL

• 1D: -0.99%
• 1M: 3.83%
• YTD: 20.32%
• 6M: 17.70%
• 1Y: 41.18%
• 3Y*: —
• 5Y*: —
• 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)

RSSL vs. HSMV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
RSSL Global X Russell 2000 ETF	20.32%	12.87%	10.21%
HSMV First Trust Horizon Managed Volatility Small/Mid ETF	6.36%	1.57%	8.61%

Correlation

The correlation between RSSL and HSMV is 0.56, 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	0.56
Correlation (All Time) Calculated using the full available price history since Jun 5, 2024	0.70

The correlation between RSSL and HSMV shifts across timeframes, from 0.56 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.

RSSL vs. HSMV - Sectors Allocation Comparison

Sectors	RSSL	HSMV
Technology	19.1%	1.9%
Industrials	17.8%	14.6%
Healthcare	16.3%	4.7%
Financial Services	15.5%	16.7%
Consumer Cyclical	7.9%	7.9%
Real Estate	5.9%	24.3%
Energy	5.4%	2.8%
Basic Materials	4.7%	5.8%
Utilities	2.7%	11.7%
Communication Services	2.5%	2.4%
Consumer Defensive	2.2%	7.2%

Return for Risk

RSSL vs. HSMV — Risk / Return Rank

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

RSSL

RSSL Risk / Return Rank: 72
RSSL Sharpe Ratio Rank: 73
RSSL Sortino Ratio Rank: 71
RSSL Omega Ratio Rank: 62
RSSL Calmar Ratio Rank: 80
RSSL Martin Ratio Rank: 77

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.

RSSL vs. HSMV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Russell 2000 ETF (RSSL) 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.

	RSSL	HSMV	Difference
Sharpe ratio: Return per unit of total volatility	2.10	0.65	+1.46
Sortino ratio: Return per unit of downside risk	2.88	1.03	+1.85
Omega ratio: Gain probability vs. loss probability	1.34	1.11	+0.23
Calmar ratio: Return relative to maximum drawdown	3.78	0.87	+2.91
Martin ratio: Return relative to average drawdown	13.29	2.58	+10.71

RSSL vs. HSMV - Sharpe Ratio Comparison

The current RSSL Sharpe Ratio is 2.10, which is higher than the HSMV Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of RSSL 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

RSSL vs. HSMV - Drawdown Comparison

The maximum RSSL drawdown since its inception was -27.79%, which is greater than HSMV's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for RSSL and HSMV.

Drawdown Indicators

	RSSL	HSMV	Difference
Max Drawdown Largest peak-to-trough decline	-27.79%	-19.16%	-8.63%
Max Drawdown (1Y) Largest decline over 1 year	-10.93%	-7.83%	-3.10%
Max Drawdown (3Y) Largest decline over 3 years	—	-15.45%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-19.16%	—
Current Drawdown Current decline from peak	-0.99%	-1.35%	+0.36%
Average Drawdown Average peak-to-trough decline	-5.58%	-5.58%	0.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.11%	2.63%	+0.48%

Volatility

RSSL vs. HSMV - Volatility Comparison

Global X Russell 2000 ETF (RSSL) has a higher volatility of 6.41% compared to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) at 3.58%. This indicates that RSSL's price experiences larger fluctuations and is considered to be riskier than HSMV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RSSL	HSMV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	3.58%	+2.83%
Volatility (6M) Calculated over the trailing 6-month period	14.20%	7.63%	+6.57%
Volatility (1Y) Calculated over the trailing 1-year period	19.69%	10.62%	+9.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.51%	15.00%	+7.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.51%	16.03%	+6.48%

RSSL vs. HSMV - Expense Ratio Comparison

RSSL has a 0.08% expense ratio, which is lower than HSMV's 0.80% expense ratio.

Dividends

RSSL vs. HSMV - Dividend Comparison

RSSL's dividend yield for the trailing twelve months is around 1.25%, less than HSMV's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
HSMV First Trust Horizon Managed Volatility Small/Mid ETF	1.94%	2.01%	1.43%	1.43%	1.26%	0.76%	0.80%
RSSL Global X Russell 2000 ETF	1.25%	1.35%	0.99%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both RSSL and HSMV in my portfolio?

RSSL and HSMV have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RSSL or HSMV?

RSSL has higher volatility (6.41%) compared to HSMV (3.58%). In terms of maximum drawdown, RSSL dropped -27.79% vs HSMV's -19.16%.

Which ETF is better, RSSL or HSMV?

On 1-year performance, RSSL leads with 41.18% vs 6.78% for HSMV. On fees, RSSL is cheaper at 0.08% per year. On volatility, HSMV has been the lower-risk option at 3.58%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RSSL or HSMV?

Over the 1-year period, RSSL has performed better with a 41.18% return vs 6.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RSSL or HSMV?

RSSL is cheaper with a 0.08% expense ratio, compared with 0.80% for HSMV.

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

HSMV has the higher dividend yield at 1.94%, compared with 1.25% for RSSL.

What is the main difference between RSSL and HSMV?

They also come from different issuers: Global X and First Trust. Their fees differ too: 0.08% for RSSL and 0.80% for HSMV.

Which has better risk-adjusted returns?

RSSL currently has the higher Sharpe Ratio (2.10 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.