First Trust Horizon Managed Volatility Developed International ETF
$36.24+0.39 (+1.09%)
- 0.80%
- $14M
- +10.2%
- 4.89%
- 0M sh
- $36.03
- low $34.16high $39.53
The ETF.net HDMV Grade
C
Score 41 out of 100
- 35 of 57
Score 41 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.D28 out of 100Rank 40 of 57Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A75 out of 100Rank 3 of 57Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.F16 out of 100Rank 54 of 57Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 23 of 53Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B64 out of 100Rank 22 of 57
Our read on HDMV
CAn active spin on the calm-stocks trade. Rather than tracking a low-vol index, the managers hand-pick developed-market shares and depositary receipts screened for low expected future volatility.
The Fund seeks capital appreciation through an actively managed portfolio of developed-market common stocks and depositary receipts selected for low expected volatility.
Why people hold it
- Forward-looking by design: holdings are chosen on expected volatility, not just a backward glance at which stocks were quiet last year.
- Spread across roughly 160 developed-market stocks and depositary receipts, so no single name carries the portfolio.
- Live since 2016, a real-world track record for an active strategy rather than a freshly launched idea.
- Pays on a quarterly schedule, and the mandate is capital appreciation first, not income.
Worth knowing
- At 0.80% a year, the fee sits above the typical international active fund, and index-built rivals like AVDE and DFIC charge closer to a quarter point.
- A small fund that trades lightly. Spreads can widen, so limit orders do more work here than with the giants of the category.
- Low-volatility screens aim to soften the ride, not remove it. The same tilt that damps drops can leave the fund behind in sharp rallies.
HDMV Holdings
- Stocks
- 155
- 18%
- 0002.HK
Sectors
- Financials31.6%
- Utilities16.5%
- Real Estate14.3%
- Industrials10.8%
- Consumer Staples10.5%
- Communication9.1%
- Consumer Discretionary2.6%
- Health Care2.1%
- Materials1.8%
- Technology0.7%
Geography
- Japan14.56%
- Singapore11.69%
- Hong Kong10.08%
- Switzerland9.05%
- France7.87%
- Australia7.34%
- Netherlands5.26%
- Germany5.11%
- 29.04%
Developed 100% · Emerging 0%
HDMV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
HDMV$11,024
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | HDMV |
|---|---|
| Year to date | +5.2% |
| 1 month | −4.1% |
| 3 months | −3.4% |
| 1 year | +10.2% |
| 3 years | +14.8% |
| 5 years | +7.0% |
| 10 years | +5.6% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | HDMV |
|---|---|---|
| 2026 YTD | +5.2% | |
| 2025 | +29.3% | |
| 2024 | +3.0% | |
| 2023 | +9.6% | |
| 2022 | −11.5% | |
| 2021 | +7.4% | |
| 2020 | −9.4% |
HDMV in the news
HDMV Dividends
- 4.89%
- $1.75
- $0.77 per share
- Quarterly
Distribution history
HDMV Risk
- 11.8%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.85
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.63
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
HDMV Cost
0.80%
HDMV0.80%
- The middle half of International Active Equity funds
- Median 0.59%
38 of the 55 International Active Equity funds charge less.
Other funds in International Active Equity
- CFRGNHorizon International Equity ETFExpense ratio 0.75%1 year return —
- CFINTThe Advisors' Inner Circle Fund II - Frontier Asset Total International Equity ETFExpense ratio 0.87%1 year return +22.6%
- CIVSIApplied Finance IVS International Large ETFExpense ratio 0.65%1 year return —
- CMOTIVanEck Morningstar International Moat ETFExpense ratio 0.58%1 year return −2.2%
- CNISMNYLI International Small-Mid Cap Equity ETFExpense ratio 0.70%1 year return —