First Trust Horizon Managed Volatility Small/Mid ETF
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- Description
- Performance
- Comps
Fundamentals
Valuation
Rating
HSMV is an active fund of small- and midcap US stocks selected based on volatility forecast. |
Category | US Equities |
Fund Sponsor | First Trust |
Website | www.ftportfolios.com |
Inception date | Apr 06, 2020 |
Assets (mns) | $15 |
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 | 151 |
Wgt avg mkt cap (mns) | $4,612 |
Large cap (>$10bn) | 8.0% |
Mid cap ($2-10bn) | 69.4% |
Small cap (<$2bn) | 22.6% |
Developed mkts | 100.0% |
Emerging mkts | 0.0% |
FORWARD AIR CORPORATION | 1.1 % |
CHARLES RIVER LABORATORIES | 1.1 % |
J2 GLOBAL COMMUNICATIONS INC | 1.1 % |
SPROUTS FARMERS MARKET INC | 1.0 % |
FEDERAL SIGNAL CORP | 1.0 % |
ESCO TECHNOLOGIES INC | 1.0 % |
CARLISLE COS INC | 0.9 % |
TERADATA CORP | 0.9 % |
PARAMETRIC TECHNOLOGY CORP | 0.9 % |
BOTTOMLINE TECHNOLOGIES INC | 0.9 % | Total | 9.9 % |
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UNITED STATES | 96.1 % |
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CAYMAN ISLANDS | 0.7 % |
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PUERTO RICO | 0.6 % |
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BERMUDA | 0.5 % |
HISTORICAL PERFORMANCE 

Custom date range | Compare to | ||
thru |
Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
23.7% | -- | -- | -- | 23.7% |
versus... | Beta | R-squared |
S&P500 | -- | -- |
MSCI EAFE | -- | -- |
MSCI Emg. Mkts. | -- | -- |
Recent close | $29.03 |
30d moving avg. | $28.33 |
Annualized volatility | 0.0% |
Short interest (ETF) | 0.1% |
Relative strength (RSI) | 67 |
Avg. volume (thou.) | 2 |
Turnover | 0.4% |
Bid/Ask (% of price) | 0.22% |
ADV underlying (mns) | $4,790 |
FINDING ALTERNATIVE FUNDS
Below is a list of 100 potential alternatives to the First Trust Horizon Managed Volatility Small/Mid ETF ETF based on the alternatives' overlap in portfolio holdings with HSMV. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.
Benchmark ticker: | HSMV | Expense: | 80 bp | ALTAR Score™: | 4.7% |
Ticker | Fund Name |
Overlap1 vs HSMV (%) |
Expense ratio (bp) |
Savings vs HSMV (bp) |
ALTAR Score™ (%) |
ALTAR vs HSMV (%) |
XMLV | Invesco S&P MidCap Low Volatility ETF | 41.3 | 25 | 55 | 5.1 | +0.4 |
XSLV | Invesco S&P SmallCap Low Volatility ETF | 33.7 | 25 | 55 | 4.6 | -0.1 |
SMMV | iShares Edge MSCI Min Vol USA Small-Cap ETF | 31.1 | 20 | 60 | 3.7 | -1.1 |
MDY | SPDR S&P Midcap 400 ETF Trust | 25.2 | 23 | 57 | 5.2 | +0.4 |
SPMD | SPDR Portfolio Mid Cap ETF | 25.1 | 5 | 75 | 5.4 | +0.6 |
IJH | iShares Core S&P Mid-Cap ETF | 25.1 | 5 | 75 | 5.4 | +0.6 |
IVOO | Vanguard S&P Mid-Cap 400 ETF | 24.5 | 10 | 70 | 5.3 | +0.6 |
IVOG | Vanguard S&P Mid-Cap 400 Growth ETF | 23.8 | 15 | 65 | 4.2 | -0.5 |
MDYG | SPDR S&P 400 Mid Cap Growth ETF | 23.6 | 15 | 65 | 3.8 | -0.9 |
IJK | iShares S&P Mid-Cap 400 Growth ETF | 23.6 | 17 | 63 | 3.8 | -1.0 |
OUSM | O'Shares FTSE Russell Small Cap Quality Dividend ETF | 23.4 | 48 | 32 | 5.6 | +0.9 |
MDYV | SPDR S&P 400 Mid Cap Value ETF | 22.3 | 15 | 65 | 6.9 | +2.2 |
IJJ | iShares S&P Mid-Cap 400 Value ETF | 22.3 | 18 | 62 | 6.9 | +2.2 |
SMDY | Syntax Stratified MidCap ETF | 22.2 | 30 | 50 | 5.2 | +0.5 |
EWMC | Invesco S&P MidCap 400 Equal Weight ETF | 21.5 | 40 | 40 | 5.7 | +0.9 |
DON | WisdomTree U.S. MidCap Dividend Fund | 19.7 | 38 | 42 | 6.7 | +2.0 |
RWK | Invesco S&P MidCap 400 Revenue ETF | 19.3 | 39 | 41 | 6.4 | +1.7 |
FSMD | Fidelity Small-Mid Factor ETF | 18.2 | 29 | 51 | 5.3 | +0.6 |
IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 17.2 | 15 | 65 | 6.7 | +2.0 |
EZM | WisdomTree U.S. MidCap Earnings Fund | 17.1 | 38 | 42 | 7.6 | +2.9 |
RNMC | Mid Cap US Equity Select ETF | 16.9 | 60 | 20 | 6.1 | +1.3 |
AFMC | First Trust Active Factor Mid Cap ETF | 16.9 | 65 | 15 | 5.3 | +0.6 |
REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 16.8 | 41 | 39 | 5.4 | +0.7 |
FLQS | Franklin LibertyQ U.S. Small Cap Equity ETF | 16.5 | 35 | 45 | 5.0 | +0.3 |
FNK | First Trust Mid Cap Value AlphaDEX Fund | 16.5 | 70 | 10 | 7.8 | +3.1 |
VIOG | Vanguard S&P Small-Cap 600 Growth ETF | 15.2 | 16 | 64 | 4.4 | -0.4 |
XMMO | Invesco S&P MidCap Momentum ETF | 15.0 | 34 | 46 | 3.5 | -1.2 |
XMHQ | Invesco S&P MidCap Quality ETF | 14.7 | 25 | 55 | 5.5 | +0.7 |
BBMC | JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | 14.6 | 7 | 73 | 3.9 | -0.8 |
SFYX | Sofi Next 500 ETF | 14.4 | 0 | 80 | 4.9 | +0.1 |
FNX | First Trust Mid Cap Core AlphaDEX Fund | 14.2 | 61 | 19 | 5.1 | +0.4 |
USLB | Invesco Russell 1000 Low Beta Equal Weight ETF | 14.0 | 35 | 45 | 5.1 | +0.4 |
SLYG | SPDR S&P 600 Small Cap Growth ETF | 14.0 | 15 | 65 | 4.5 | -0.2 |
IJT | iShares S&P Small-Cap 600 Growth ETF | 14.0 | 18 | 62 | 4.4 | -0.3 |
JKJ | iShares Morningstar Small-Cap ETF | 14.0 | 25 | 55 | 5.1 | +0.4 |
SMLF | iShares Edge MSCI Multifactor USA Small-Cap ETF | 13.5 | 30 | 50 | 6.1 | +1.4 |
VBR | Vanguard Small Cap Value Index Fund | 13.5 | 7 | 73 | 6.4 | +1.7 |
JHSC | John Hancock Multifactor Small Cap ETF | 13.1 | 42 | 38 | 4.6 | -0.2 |
PSM | Principal U.S. Small-MidCap Multi-Factor Core Index ETF | 12.7 | 20 | 60 | 7.1 | +2.4 |
OSCV | Opus Small Cap Value Plus ETF | 12.5 | 79 | 1 | 4.6 | -0.1 |
SCHM | Schwab U.S. Mid-Cap ETF | 12.3 | 4 | 76 | 5.0 | +0.3 |
ROSC | Hartford Multifactor Small Cap ETF | 12.2 | 34 | 46 | 6.6 | +1.9 |
TPSC | Timothy Plan US Small Cap Core ETF | 12.1 | 52 | 28 | 5.7 | +1.0 |
CSF | VictoryShares US Discovery Enhanced Volatility Weighted Idx | 12.0 | 35 | 45 | 6.0 | +1.3 |
SLY | SPDR S&P 600 Small Cap ETF | 12.0 | 15 | 65 | 5.6 | +0.9 |
CSA | VictoryShares US Small Cap Volatility Weighted Index ETF | 12.0 | 35 | 45 | 6.0 | +1.3 |
SPSM | SPDR Portfolio Small Cap ETF | 12.0 | 5 | 75 | 5.7 | +1.0 |
IJR | iShares Core S&P Small Cap ETF | 11.9 | 6 | 74 | 5.7 | +0.9 |
ESML | iShares MSCI USA Small-Cap ESG Optimized ETF | 11.9 | 17 | 63 | 4.1 | -0.7 |
VIOO | Vanguard S&P Small-Cap 600 ETF | 11.8 | 10 | 70 | 5.6 | +0.9 |
PBSM | Invesco PureBeta MSCI USA Small Cap ETF | 11.7 | 6 | 74 | 4.1 | -0.7 |
ISMD | Inspire Small/Mid Cap Impact ETF | 11.6 | 60 | 20 | 4.3 | -0.4 |
VB | Vanguard Small-Cap ETF | 11.6 | 5 | 75 | 4.5 | -0.3 |
ONEV | SPDR Russell 1000 Low Volatility Focus ETF | 11.6 | 20 | 60 | 6.2 | +1.5 |
NUSC | Nuveen ESG Small-Cap ETF | 11.5 | 40 | 40 | 4.0 | -0.7 |
JPME | JPMorgan Diversified Return U.S. Mid Cap Equity ETF | 11.4 | 24 | 56 | 5.5 | +0.7 |
BKSE | BNY Mellon US Small Cap Core Equity ETF | 11.3 | 4 | 76 | 4.7 | -0.0 |
XSHQ | Invesco S&P SmallCap Quality ETF | 11.2 | 29 | 51 | 5.3 | +0.6 |
DES | WisdomTree U.S. SmallCap Dividend Fund | 11.2 | 38 | 42 | 6.7 | +1.9 |
IFRA | iShares U.S. Infrastructure ETF | 11.0 | 40 | 40 | 4.9 | +0.2 |
DGRS | WisdomTree US SmallCap Quality Dividend Growth Fund | 10.9 | 38 | 42 | 7.0 | +2.3 |
SDY | SPDR S&P Dividend ETF | 10.8 | 35 | 45 | 6.4 | +1.6 |
FLQM | Franklin LibertyQ U.S. Mid Cap Equity ETF | 10.8 | 30 | 50 | 5.4 | +0.6 |
XMVM | Invesco S&P MidCap Value with Momentum ETF | 10.8 | 39 | 41 | 8.2 | +3.4 |
SSLY | Syntax Stratified SmallCap ETF | 10.7 | 30 | 50 | 5.0 | +0.3 |
JPSE | JPMorgan Diversified Return U.S. Small Cap Equity ETF | 10.6 | 29 | 51 | 4.3 | -0.5 |
PSC | Principal U.S. Small Cap Index ETF | 10.6 | 38 | 42 | 4.6 | -0.1 |
SMLV | SPDR SSGA US Small Cap Low Volatility Index ETF | 10.5 | 12 | 68 | 6.1 | +1.3 |
JMIN | JPMorgan U.S. Minimum Volatility ETF | 10.5 | 12 | 68 | 5.3 | +0.6 |
USVM | VictoryShares USAA MSCI USA Small Cap Value Momentum ETF | 10.3 | 24 | 56 | 5.0 | +0.2 |
FVD | First Trust Value Line Dividend Index Fund | 10.2 | 70 | 10 | 5.8 | +1.0 |
VBK | Vanguard Small-Cap Growth Index Fund | 10.2 | 7 | 73 | 1.9 | -2.8 |
FVL | First Trust Value Line 100 ETF | 10.0 | 70 | 10 | 6.0 | +1.2 |
JKL | iShares Morningstar Small Cap Value ETF | 10.0 | 30 | 50 | 7.6 | +2.8 |
SMDV | ProShares Russell 2000 Dividend Growers ETF | 10.0 | 41 | 39 | 5.4 | +0.7 |
FNY | First Trust Mid Cap Growth AlphaDEX Fund | 9.7 | 70 | 10 | 1.6 | -3.1 |
TMDV | ProShares Russell US Dividend Growers ETF | 9.6 | 36 | 44 | 5.2 | +0.5 |
JKK | iShares Morningstar Small-Cap Growth ETF | 9.6 | 30 | 50 | 0.6 | -4.1 |
FXR | First Trust Industrials/Producer Durables AlphaDEX Fund | 9.5 | 63 | 17 | 5.2 | +0.5 |
USEQ | Invesco Russell 1000 Enhanced Equal Weight ETF | 9.4 | 29 | 51 | 6.0 | +1.3 |
IUSS | Invesco Strategic US Small Company ETF | 9.4 | 23 | 57 | 3.7 | -1.0 |
RFV | Invesco S&P Midcap 400 Pure Value ETF | 9.4 | 35 | 45 | 8.9 | +4.2 |
DEUS | Xtrackers Russell 1000 Comprehensive Factor ETF | 9.3 | 17 | 63 | 5.7 | +0.9 |
AFSM | First Trust Active Factor Small Cap ETF | 9.3 | 77 | 3 | 4.4 | -0.3 |
RFG | Invesco S&P Midcap 400 Pure Growth ETF | 9.2 | 35 | 45 | 3.4 | -1.3 |
CZA | Invesco Zacks Mid-Cap ETF | 9.1 | 69 | 11 | 5.6 | +0.9 |
FNDA | Schwab Fundamental U.S. Small Co. Index ETF | 9.1 | 25 | 55 | 4.8 | +0.1 |
FYT | First Trust Small Cap Value AlphaDEX Fund | 8.9 | 72 | 8 | 8.0 | +3.3 |
SCHA | Schwab U.S. Small-Cap ETF | 8.9 | 4 | 76 | 3.6 | -1.1 |
TPLC | Timothy Plan US Large Cap Core ETF | 8.9 | 52 | 28 | 4.5 | -0.3 |
VUSE | Vident Core US Equity Fund | 8.9 | 48 | 32 | 7.4 | +2.7 |
VFLQ | Vanguard U.S. Liquidity Factor ETF | 8.8 | 14 | 66 | 3.5 | -1.3 |
EWSC | Invesco S&P Smallcap 600 Equal Weight ETF | 8.8 | 40 | 40 | 5.2 | +0.4 |
SLYV | SPDR S&P 600 Small Cap Value ETF | 8.6 | 15 | 65 | 7.0 | +2.2 |
XSW | SPDR S&P Software & Services ETF | 8.6 | 35 | 45 | 3.2 | -1.6 |
IJS | iShares S&P Small-cap 600 Value ETF | 8.6 | 18 | 62 | 6.8 | +2.1 |
JHMM | John Hancock Multifactor Mid Cap ETF | 8.6 | 42 | 38 | 4.7 | -0.0 |
RNSC | Small Cap US Equity Select ETF | 8.5 | 60 | 20 | 6.0 | +1.3 |
PSCT | Invesco S&P SmallCap Information Technology ETF | 8.4 | 29 | 51 | 4.2 | -0.5 |
JHMI | John Hancock Multifactor Industrials ETF | 8.1 | 40 | 40 | 5.1 | +0.3 |
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
2015 | 2016 | 2017 | 2018 | 2019 | 2020E | 2021E | |
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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
2019 | 2020E | 2021E | |
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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 Small/Mid ETF | |||
Relative to: |
S&P500 | MSCI EAFE | MSCI Emg. Mkts. | Other ETF: |
NEUTRAL |
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds. |
ALTAR Score™
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MODERN PORTFOLIO THEORY
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CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
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