First Trust Horizon Managed Volatility Developed Intl ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
The First Trust Horizons Managed Volatility Developed International ETF is an active fund of low expected volatility mid- and large-cap stocks from developed markets. |
Category | International Equities |
Fund Sponsor | First Trust |
Website | www.ftportfolios.com |
Inception date | Aug 24, 2016 |
Assets (mns) | $90 |
Currency | USD |
Expense ratio | 80 bp |
Distributions | Quarterly |
Regulation | Open-Ended Fund |
Custodian | |
Weighting | Proprietary |
Index replication | |
Uses derivatives | No |
Options available | No |
No. of constituents | 149 |
Wgt avg mkt cap (mns) | $39,406 |
Large cap (>$10bn) | 68.6% |
Mid cap ($2-10bn) | 29.0% |
Small cap (<$2bn) | 0.9% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
HONG KONG & CHINA GAS | 1.8 % |
CLP HOLDINGS LTD | 1.7 % |
HONGKONG ELECTRIC HOLDINGS | 1.7 % |
MCDONALD'S HOLDINGS CO JAPAN | 1.7 % |
NESTLE SA-REG | 1.5 % |
OVERSEA-CHINESE BANKING CORP | 1.5 % |
JAPAN TOBACCO INC | 1.4 % |
UNITED OVERSEAS BANK LTD | 1.3 % |
SWISSCOM AG | 1.3 % |
VOPAK | 1.3 % | Total | 15.3 % |
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JAPAN | 27.2 % |
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HONG KONG | 11.5 % |
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SWITZERLAND | 10.8 % |
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SINGAPORE | 9.2 % |
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BRITAIN | 6.1 % |
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GERMANY | 6.0 % |
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FRANCE | 6.0 % |
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AUSTRALIA | 4.7 % |
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NETHERLANDS | 4.3 % |
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SWEDEN | 2.7 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
-1.2% | -0.8% | -- | -- | 3.0% |
versus... | Beta | R-squared |
S&P500 | 0.68 | 74% |
MSCI EAFE | 0.76 | 90% |
MSCI Emg. Mkts. | 0.60 | 71% |
Recent close | $30.08 |
30d moving avg. | $30.70 |
Annualized volatility | 14.6% |
Short interest (ETF) | 0.0% |
Relative strength (RSI) | 41 |
Avg. volume (thou.) | 16 |
Turnover | 0.5% |
Bid/Ask (% of price) | 0.22% |
ADV underlying (mns) | $11,489 |
FINDING ALTERNATIVE FUNDS
Below is a list of 94 potential alternatives to the First Trust Horizon Managed Volatility Developed Intl ETF ETF based on the alternatives' overlap in portfolio holdings with HDMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | HDMV | Expense: | 80 bp | ALTAR Score™: | 6.0% |
Ticker | Fund Name |
Overlap1 vs HDMV (%) |
Expense ratio (bp) |
Savings vs HDMV (bp) |
ALTAR Score™ (%) |
ALTAR vs HDMV (%) |
IDLV | Invesco S&P International Developed Low Volatility ETF | 52.9 | 25 | 55 | 6.2 | +0.3 |
IDHD | Invesco S&P Intl Developed High Dividend Low Volatility ETF | 48.2 | 30 | 50 | 7.8 | +1.9 |
DFAI | Dimensional International Core Equity Market ETF | 42.1 | 18 | 62 | 6.3 | +0.3 |
EFAV | iShares Edge MSCI Min Vol EAFE ETF | 42.0 | 20 | 60 | 5.1 | -0.8 |
DWMF | WisdomTree International Multifactor Fund | 37.7 | 38 | 42 | 6.2 | +0.3 |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility Id | 32.5 | 32 | 48 | 6.0 | +0.0 |
VWID | Virtus WMC International Dividend ETF | 31.4 | 49 | 31 | 7.4 | +1.5 |
DOL | WisdomTree International LargeCap Dividend Fund | 29.4 | 48 | 32 | 7.1 | +1.2 |
QEFA | SPDR MSCI EAFE Quality Mix ETF | 28.9 | 30 | 50 | 6.0 | +0.1 |
RBIN | Nationwide Risk-Based International Equity ETF | 28.5 | 42 | 38 | 5.9 | -0.1 |
DWM | WisdomTree International Equity Fund | 27.0 | 48 | 32 | 7.1 | +1.1 |
DDWM | WisdomTree Dynamic Currency Hedged International Equity Fund | 26.7 | 40 | 40 | 7.2 | +1.2 |
RNDM | First Trust Developed International Equity Select ETF | 25.2 | 65 | 15 | 5.6 | -0.4 |
RESD | WisdomTree International ESG Fund | 25.1 | 30 | 50 | 6.4 | +0.5 |
LVHI | Legg Mason International Low Volatility High Dividend ETF | 24.8 | 40 | 40 | 8.9 | +3.0 |
DTH | WisdomTree International High Dividend Fund | 24.7 | 58 | 22 | 8.4 | +2.4 |
RODM | Hartford Multifactor Developed Markets (ex-US) ETF | 23.4 | 29 | 51 | 7.2 | +1.3 |
FDEV | Fidelity Targeted International Factor ETF | 22.7 | 39 | 41 | 5.9 | -0.1 |
ESGD | iShares MSCI EAFE ESG Optimized ETF | 22.7 | 20 | 60 | 6.1 | +0.2 |
DOO | WisdomTree International Dividend ex-Financials Fund | 22.4 | 58 | 22 | 7.6 | +1.6 |
CIL | VictoryShares International Volatility Weighted Index ETF | 22.4 | 45 | 35 | 6.3 | +0.3 |
TPIF | Timothy Plan International ETF | 22.4 | 62 | 18 | 5.9 | -0.0 |
CIZ | VictoryShares Developed Enhanced Volatility Weighted Index E | 22.3 | 45 | 35 | 6.3 | +0.3 |
PQIN | PGIM QMA Strategic Alpha International Equity ETF | 22.2 | 29 | 51 | 7.0 | +1.1 |
EFAX | SPDR MSCI EAFE Fossil Fuel Free ETF | 21.6 | 20 | 60 | 6.2 | +0.2 |
GSIE | Goldman Sachs ActiveBeta International Equity ETF | 21.5 | 25 | 55 | 6.1 | +0.1 |
JHMD | John Hancock Multifactor Developed International ETF | 21.5 | 39 | 41 | 6.4 | +0.4 |
EFA | iShares MSCI EAFE ETF | 21.4 | 32 | 48 | 6.2 | +0.2 |
GSID | Goldman Sachs MarketBeta International Equity ETF | 20.9 | 20 | 60 | 6.2 | +0.3 |
JPIN | JPMorgan Diversified Return International Equity ETF | 20.9 | 37 | 43 | 6.9 | +1.0 |
DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 20.8 | 35 | 45 | 6.0 | +0.1 |
IQSI | IQ Candriam ESG International Equity ETF | 20.8 | 15 | 65 | 6.3 | +0.3 |
BKIE | BNY Mellon International Equity ETF | 20.3 | 4 | 76 | 6.5 | +0.6 |
HFXI | IQ 50 Percent Hedged FTSE International ETF | 20.2 | 20 | 60 | 6.4 | +0.5 |
PDEV | Principal International Multi-Factor Core Index ETF | 19.7 | 25 | 55 | 6.9 | +0.9 |
HDEF | Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF | 19.5 | 20 | 60 | 8.5 | +2.6 |
EFV | iShares MSCI EAFE Value ETF | 19.5 | 39 | 41 | 8.1 | +2.1 |
OEUR | O'shares FTSE Europe Quality Dividend ETF | 19.5 | 48 | 32 | 5.2 | -0.8 |
GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 19.4 | 25 | 55 | 6.0 | +0.1 |
PBDM | Invesco PureBeta FTSE Developed ex-North America ETF | 19.3 | 7 | 73 | 6.4 | +0.5 |
FIVA | Fidelity International Value Factor ETF | 19.0 | 39 | 41 | 8.4 | +2.5 |
IEFA | iShares Core MSCI EAFE ETF | 18.9 | 7 | 73 | 6.3 | +0.4 |
EASG | Xtrackers MSCI EAFE ESG Leaders Equity ETF | 18.4 | 14 | 66 | 6.0 | +0.0 |
MFDX | PIMCO RAFI Dynamic Multi-Factor International Equity ETF | 18.3 | 39 | 41 | 5.6 | -0.4 |
EUDG | WisdomTree Europe Quality Dividend Growth Fund | 18.2 | 58 | 22 | 6.5 | +0.6 |
SCHF | Schwab International Equity ETF | 18.2 | 6 | 74 | 6.4 | +0.5 |
DMXF | iShares ESG Advanced MSCI EAFE ETF | 17.9 | 12 | 68 | 5.9 | -0.0 |
IDEV | iShares Core MSCI International Developed Markets ETF | 17.6 | 5 | 75 | 6.3 | +0.4 |
CEFA | Global X S&P Catholic Values Developed ex-U.S. ETF | 17.5 | 35 | 45 | 6.0 | +0.0 |
IEV | iShares Europe ETF | 17.4 | 59 | 21 | 6.1 | +0.1 |
IQLT | iShares Edge MSCI Intl Quality Factor ETF | 17.4 | 30 | 50 | 5.4 | -0.6 |
DBEU | Xtrackers MSCI Europe Hedged Equity ETF | 17.3 | 45 | 35 | 6.0 | +0.0 |
BBEU | JPMorgan BetaBuilders Europe ETF | 17.1 | 9 | 71 | 6.6 | +0.6 |
DWX | SPDR S&P International Dividend ETF | 17.1 | 45 | 35 | 7.4 | +1.5 |
FLEE | Franklin FTSE Europe ETF | 17.0 | 9 | 71 | 6.4 | +0.4 |
FLEH | Franklin FTSE Europe Hedged ETF | 16.9 | 9 | 71 | 6.4 | +0.5 |
DEEF | Xtrackers FTSE Developed ex US Comprehensive Factor ETF | 16.8 | 24 | 56 | 6.6 | +0.6 |
SPDW | SPDR Portfolio Developed World ex-US ETF | 16.5 | 4 | 76 | 6.1 | +0.2 |
VYMI | Vanguard International High Dividend Yield ETF | 16.5 | 27 | 53 | 8.9 | +2.9 |
HDAW | Xtrackers MSCI All World ex US High Dividend Yield Equity ET | 16.3 | 20 | 60 | 9.4 | +3.5 |
IEUR | iShares Core MSCI Europe ETF | 16.1 | 9 | 71 | 6.4 | +0.4 |
CID | VictoryShares Intl High Dividend Volatility Wtd Index ETF | 16.1 | 45 | 35 | 9.3 | +3.3 |
EPP | iShares MSCI Pacific ex-Japan ETF | 16.0 | 48 | 32 | 5.4 | -0.5 |
FIDI | Fidelity International High Dividend ETF | 16.0 | 39 | 41 | 8.4 | +2.5 |
DVYA | iShares Asia/Pacific Dividend ETF | 15.8 | 49 | 31 | 10.0 | +4.0 |
GSJY | Goldman Sachs ActiveBeta Japan Equity ETF | 15.8 | 25 | 55 | 6.3 | +0.3 |
SPEU | SPDR Portfolio Europe ETF | 15.8 | 9 | 71 | 6.5 | +0.5 |
CWI | SPDR MSCI ACWI ex-US ETF | 15.8 | 30 | 50 | 6.1 | +0.2 |
IDLB | Invesco FTSE International Low Beta Equal Weight ETF | 15.8 | 45 | 35 | 6.1 | +0.1 |
IPAC | iShares Core MSCI Pacific ETF | 15.7 | 9 | 71 | 6.2 | +0.2 |
IDHQ | Invesco S&P International Developed Quality ETF | 15.7 | 29 | 51 | 5.1 | -0.8 |
EFAD | ProShares MSCI EAFE Dividend Growers ETF | 15.7 | 51 | 29 | 5.1 | -0.8 |
VEA | Vanguard FTSE Developed Markets ETF | 15.7 | 5 | 75 | 6.4 | +0.5 |
ESGN | Columbia Sustainable International Equity Income ETF | 15.6 | 45 | 35 | 8.9 | +2.9 |
EWJE | iShares MSCI Japan Equal Weighted ETF | 15.6 | 15 | 65 | 6.2 | +0.2 |
PXF | Invesco FTSE RAFI Developed Markets ex-U.S. ETF | 15.5 | 45 | 35 | 7.3 | +1.4 |
IQIN | IQ 500 International ETF | 15.5 | 25 | 55 | 7.3 | +1.3 |
VGK | Vanguard FTSE Europe ETF | 15.2 | 8 | 72 | 6.5 | +0.6 |
FID | First Trust S&P International Dividend Aristocrats ETF | 15.1 | 60 | 20 | 8.8 | +2.8 |
ACWV | iShares MSCI Global Min Vol Factor ETF | 15.0 | 20 | 60 | 5.7 | -0.3 |
VSGX | Vanguard ESG International Stock ETF | 14.9 | 17 | 63 | 6.3 | +0.3 |
NUDM | Nuveen ESG International Developed Markets Equity ETF | 14.7 | 40 | 40 | 5.7 | -0.2 |
BBAX | JPMorgan BetaBuilders Developed Asia ex-Japan ETF | 14.7 | 19 | 61 | 5.7 | -0.2 |
FNDF | Schwab Fundamental International Large Co. Index ETF | 14.6 | 25 | 55 | 7.5 | +1.5 |
EWJ | iShares MSCI Japan ETF | 14.6 | 51 | 29 | 6.0 | +0.0 |
ISZE | iShares Edge MSCI Intl Size Factor ETF | 14.6 | 30 | 50 | 6.1 | +0.1 |
ACWX | iShares MSCI ACWI ex U.S. ETF | 14.5 | 32 | 48 | 6.2 | +0.3 |
IVLU | iShares Edge MSCI Intl Value Factor ETF | 14.4 | 30 | 50 | 9.6 | +3.6 |
EFG | iShares MSCI EAFE Growth ETF | 14.4 | 40 | 40 | 4.0 | -1.9 |
RFDI | First Trust Riverfront Dynamic Developed International ETF | 14.4 | 83 | -3 | 5.4 | -0.6 |
EWJV | iShares MSCI Japan Value ETF | 14.3 | 15 | 65 | 8.4 | +2.5 |
ZJPN | SPDR Solactive Japan ETF | 14.2 | 14 | 66 | 6.5 | +0.5 |
DBAW | Xtrackers MSCI All World ex US Hedged Equity ETF | 14.1 | 40 | 40 | 6.1 | +0.1 |
DBJP | Xtrackers MSCI Japan Hedged Equity ETF | 14.1 | 45 | 35 | 6.0 | +0.1 |
1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.
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RESULTS & ESTIMATES
2016 | 2017 | 2018 | 2019 | 2020 | 2021E | 2022E | |
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Sales per share | ** | ** | ** | ** | ** | ** | ** |
Earnings per share | ** | ** | ** | ** | ** | ** | ** |
Dividends per share ![]() |
** | ** | ** | ** | ** | ** | ** |
Book value per share | ** | ** | ** | ** | ** | ** | ** |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
Sales per share growth | **% | **% | **% | **% | **% | **% | |
EPS growth | **% | **% | **% | **% | **% | **% |
OTHER FUNDAMENTAL METRICS
Long term EPS growth est. | **% | Debt-to-equity | **x | |
Asset turnover | **% | Assets-to-equity | **x |
*Six months ago = 100 |
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VALUATION METRICS
2020 | 2021E | 2022E | |
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Price-to-sales | ** | ** | ** |
Price-to-earnings | ** | ** | ** |
Price-to-cash flow | ** | ** | ** |
Price-to-growth | ** | ** | ** |
Price-to-book value | ** | ** | ** |
Yield | ** | ** | ** |
Historical valuation trends
Forward multiple: |
First Trust Horizon Managed Volatility Developed Intl ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
UNDERWEIGHT |
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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