SMLF vs. HSMV
Compare and contrast key facts about iShares MSCI USA Small-Cap Multifactor ETF (SMLF) and First Trust Horizon Managed Volatility Small/Mid ETF (HSMV).
SMLF and HSMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLF is a passively managed fund by iShares that tracks the performance of the MSCI USA Small Cap Diversified Multi-Factor. It was launched on Apr 28, 2015. HSMV is an actively managed fund by First Trust. It was launched on Apr 6, 2020.
Performance
SMLF vs. HSMV - Performance Comparison
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SMLF vs. HSMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.08% | 12.30% | 16.33% | 19.99% | -12.19% | 26.53% | 55.95% |
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 1.79% | 1.57% | 13.17% | 5.01% | -9.44% | 23.72% | 34.70% |
Returns By Period
In the year-to-date period, SMLF achieves a 1.08% return, which is significantly lower than HSMV's 1.79% return.
SMLF
- 1D
- 3.34%
- 1M
- -4.37%
- YTD
- 1.08%
- 6M
- 2.12%
- 1Y
- 22.93%
- 3Y*
- 15.22%
- 5Y*
- 8.55%
- 10Y*
- 11.24%
HSMV
- 1D
- 0.83%
- 1M
- -5.20%
- YTD
- 1.79%
- 6M
- 0.63%
- 1Y
- 2.50%
- 3Y*
- 7.20%
- 5Y*
- 4.19%
- 10Y*
- —
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SMLF vs. HSMV - Expense Ratio Comparison
SMLF has a 0.30% expense ratio, which is lower than HSMV's 0.80% expense ratio.
Return for Risk
SMLF vs. HSMV — Risk / Return Rank
SMLF
HSMV
SMLF vs. HSMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI USA Small-Cap Multifactor ETF (SMLF) 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.
| SMLF | HSMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.02 | 0.18 | +0.83 |
Sortino ratioReturn per unit of downside risk | 1.55 | 0.36 | +1.18 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.05 | +0.16 |
Calmar ratioReturn relative to maximum drawdown | 1.56 | 0.30 | +1.26 |
Martin ratioReturn relative to average drawdown | 6.74 | 1.11 | +5.63 |
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
| SMLF | HSMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.02 | 0.18 | +0.83 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.28 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.67 | -0.19 |
Correlation
The correlation between SMLF and HSMV is 0.87, 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
SMLF vs. HSMV - Dividend Comparison
SMLF's dividend yield for the trailing twelve months is around 1.17%, less than HSMV's 2.03% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLF iShares MSCI USA Small-Cap Multifactor ETF | 1.17% | 1.14% | 1.33% | 1.13% | 1.23% | 1.07% | 1.33% | 1.39% | 1.17% | 0.93% | 0.78% | 0.79% |
HSMV First Trust Horizon Managed Volatility Small/Mid ETF | 2.03% | 2.01% | 1.43% | 1.43% | 1.26% | 0.76% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
SMLF vs. HSMV - Drawdown Comparison
The maximum SMLF drawdown since its inception was -41.89%, which is greater than HSMV's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for SMLF and HSMV.
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Drawdown Indicators
| SMLF | HSMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.89% | -19.16% | -22.73% |
Max Drawdown (1Y)Largest decline over 1 year | -14.59% | -10.57% | -4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -26.28% | -19.16% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -41.89% | — | — |
Current DrawdownCurrent decline from peak | -5.66% | -5.59% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -6.68% | -5.71% | -0.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 2.89% | +0.49% |
Volatility
SMLF vs. HSMV - Volatility Comparison
iShares MSCI USA Small-Cap Multifactor ETF (SMLF) has a higher volatility of 7.09% compared to First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) at 3.53%. This indicates that SMLF'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.
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Volatility by Period
| SMLF | HSMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.09% | 3.53% | +3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 13.36% | 7.15% | +6.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.67% | 13.63% | +9.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.14% | 15.02% | +6.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.75% | 16.19% | +5.56% |