XMLV vs. HDMV
Compare and contrast key facts about Invesco S&P MidCap Low Volatility ETF (XMLV) and First Trust Horizon Managed Volatility Developed Intl ETF (HDMV).
XMLV and HDMV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XMLV is a passively managed fund by Invesco that tracks the performance of the S&P MidCap 400 Low Volatility Index. It was launched on Feb 15, 2013. HDMV is an actively managed fund by First Trust. It was launched on Aug 24, 2016.
Performance
XMLV vs. HDMV - Performance Comparison
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XMLV vs. HDMV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 2.05% | 5.55% | 17.08% | 1.86% | -6.55% | 23.00% | -8.42% | 23.77% | -0.16% | 13.72% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.79% | 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, XMLV achieves a 2.05% return, which is significantly lower than HDMV's 4.79% return.
XMLV
- 1D
- 0.16%
- 1M
- -5.34%
- YTD
- 2.05%
- 6M
- 0.99%
- 1Y
- 4.82%
- 3Y*
- 9.21%
- 5Y*
- 5.94%
- 10Y*
- 7.80%
HDMV
- 1D
- 0.58%
- 1M
- -3.90%
- YTD
- 4.79%
- 6M
- 8.22%
- 1Y
- 20.29%
- 3Y*
- 13.20%
- 5Y*
- 7.23%
- 10Y*
- —
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XMLV vs. HDMV - Expense Ratio Comparison
XMLV has a 0.25% expense ratio, which is lower than HDMV's 0.80% expense ratio.
Return for Risk
XMLV vs. HDMV — Risk / Return Rank
XMLV
HDMV
XMLV vs. HDMV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P MidCap Low Volatility ETF (XMLV) 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.
| XMLV | HDMV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.35 | 1.55 | -1.20 |
Sortino ratioReturn per unit of downside risk | 0.59 | 2.02 | -1.43 |
Omega ratioGain probability vs. loss probability | 1.08 | 1.31 | -0.23 |
Calmar ratioReturn relative to maximum drawdown | 0.49 | 2.43 | -1.94 |
Martin ratioReturn relative to average drawdown | 2.11 | 8.61 | -6.51 |
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
| XMLV | HDMV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.35 | 1.55 | -1.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.41 | 0.61 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.42 | +0.18 |
Correlation
The correlation between XMLV and HDMV is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
XMLV vs. HDMV - Dividend Comparison
XMLV's dividend yield for the trailing twelve months is around 2.92%, less than HDMV's 4.68% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XMLV Invesco S&P MidCap Low Volatility ETF | 2.92% | 2.87% | 2.23% | 2.34% | 2.05% | 1.14% | 1.93% | 2.02% | 2.13% | 1.74% | 1.72% | 1.85% |
HDMV First Trust Horizon Managed Volatility Developed Intl ETF | 4.68% | 5.09% | 3.24% | 3.14% | 3.53% | 3.11% | 1.45% | 3.63% | 2.88% | 3.23% | 0.18% | 0.00% |
Drawdowns
XMLV vs. HDMV - Drawdown Comparison
The maximum XMLV drawdown since its inception was -39.86%, which is greater than HDMV's maximum drawdown of -32.01%. Use the drawdown chart below to compare losses from any high point for XMLV and HDMV.
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Drawdown Indicators
| XMLV | HDMV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.86% | -32.01% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -10.67% | -8.73% | -1.94% |
Max Drawdown (5Y)Largest decline over 5 years | -16.53% | -24.11% | +7.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.86% | — | — |
Current DrawdownCurrent decline from peak | -5.34% | -5.54% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -4.29% | -6.83% | +2.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.46% | +0.04% |
Volatility
XMLV vs. HDMV - Volatility Comparison
The current volatility for Invesco S&P MidCap Low Volatility ETF (XMLV) is 3.34%, while First Trust Horizon Managed Volatility Developed Intl ETF (HDMV) has a volatility of 5.40%. This indicates that XMLV experiences smaller price fluctuations and is considered to be less risky 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
| XMLV | HDMV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 5.40% | -2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.16% | 8.26% | -1.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.68% | 13.16% | +0.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 11.94% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 13.23% | +3.74% |