First Trust Horizon Managed Volatility Developed International ETF
$38.03+0.00 (+0.00%)
Market opens at 9:30 AM ET.
- Expense ratio
- 0.80%
- Fund size
- $15M
- 1Y return
- +12.4%
- Yield · Last 12 months
- 4.08%
- Holdings
- 150
- Volume · 30D
- 0M sh
- NAV per share
- $38.20
- 52W range
The ETF.net HDMV Grade
Score 41 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.DScore 28Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.AScore 78Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 12Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 58Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.BScore 64Category rank
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
- 150
- 18%
- 0002.HK
Sectors
- Financials29.8%
- Utilities19.0%
- Industrials12.3%
- Real Estate11.0%
- Cons. Staples10.5%
- Communication9.5%
- Consumer Discr.3.1%
- Health Care2.5%
- Materials1.6%
- Technology0.8%
Geography
- Japan14.56%
- Singapore11.53%
- Hong Kong9.81%
- Switzerland9.05%
- France7.99%
- Australia7.26%
- Netherlands5.33%
- Germany5.09%
- 29.39%
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$11,245
Returns run to the Sep 22, 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 | +9.3% |
| 1 month | −2.9% |
| 3 months | +3.3% |
| 1 year | +12.4% |
| 3 years | +15.5% |
| 5 years | +7.2% |
| 10 years | +5.5% |
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 | +9.3% | |
| 2025 | +29.3% | |
| 2024 | +3.0% | |
| 2023 | +9.6% | |
| 2022 | −11.5% | |
| 2021 | +7.4% | |
| 2020 | −9.4% |
HDMV in the news
HDMV Dividends
- 4.08%
- $1.55
- $0.56 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.56 |
| Dec 12, 2025 | Dec 31, 2025 | $0.42 |
| Sep 25, 2025 | Sep 30, 2025 | $0.56 |
| Jun 26, 2025 | Jun 30, 2025 | $0.74 |
| Mar 27, 2025 | Mar 31, 2025 | $0.07 |
| Dec 13, 2024 | Dec 31, 2024 | $0.10 |
| Sep 26, 2024 | Sep 30, 2024 | $0.32 |
| Jun 27, 2024 | Jun 28, 2024 | $0.42 |
| Mar 21, 2024 | Mar 28, 2024 | $0.09 |
| Dec 22, 2023 | Dec 29, 2023 | $0.14 |
| Sep 22, 2023 | Sep 29, 2023 | $0.27 |
| Jun 27, 2023 | Jun 30, 2023 | $0.35 |
HDMV Risk
- 11.6%
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.
- 0.91
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 0.58%
38 of the 55 International Active Equity funds charge less.