HDMV
First Trust Horizon Managed Volatility Developed Intl ETF
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.
Fund Basics
Fund sponsor | First Trust |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Aug 24, 2016 |
Assets (mns) | $32 |
Expense ratio | 80 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
UNITED OVERSEAS BANK LTD | 2.2 % |
SWISSCOM AG | 2.1 % |
OVERSEA-CHINESE BANKING CORP | 2.0 % |
ORANGE SA | 2.0 % |
SINGAPORE EXCHANGE LTD | 2.0 % |
UNILEVER PLC | 2.0 % |
ROYAL KPN NV | 1.9 % |
DANONE | 1.9 % |
DBS GROUP HOLDINGS LTD | 1.7 % |
LONDON STOCK EXCHANGE GROUP | 1.5 % |
Constituent Breakdown
Number of holdings | 158 |
Herfindahl-Hirschman Index | 92 |
Wgt avg mkt cap (mns) | $41,107 |
Large cap (>$10bn) | 79.4% |
Mid cap ($2-10bn) | 20.6% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
JAPAN | 21.3 % | |
BRITAIN | 10.8 % | |
SINGAPORE | 10.3 % | |
SWITZERLAND | 9.7 % | |
FRANCE | 9.4 % | |
GERMANY | 7.7 % | |
AUSTRALIA | 7.7 % | |
NETHERLANDS | 5.7 % | |
ITALY | 3.2 % | |
HONG KONG | 3.1 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
1.9% | 6.9% | 1.8% | 1.7% | 0.6% | -- | 2.9% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.54 | 56% |
MSCI EAFE | 0.69 | 84% |
MSCI Emg Mkts | 0.58 | 64% |
Liquidity Measures
Avg. volume (000) | 3 |
Turnover | 0.3% |
Avg. Bid/Ask (% of price) | 0.22% |
ADV of underlying (mns) | $9,570 |
Technical Indicators
Recent close | $28.45 |
30d moving avg. | $27.71 |
Annualized volatility | 12.8% |
Relative strength (RSI) | 66 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. HDMV |
Expenses vs. HDMV |
ALTAR Score™ vs. HDMV |
---|---|---|---|---|
IDLV | Invesco S&P International Developed Low Volatility ETF | 48.7% | -55 bp | +0.5% |
EFAV | iShares MSCI EAFE Min Vol Factor ETF | 44.2% | -58 bp | +0.8% |
DWMF | WisdomTree International Multifactor Fund | 38.8% | -42 bp | +1.9% |
QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 32.0% | -48 bp | +1.3% |
DOL | WisdomTree International LargeCap Dividend Fund | 29.7% | -32 bp | +2.4% |
QEFA | SPDR MSCI EAFE StrategicFactors ETF | 29.1% | -50 bp | +1.5% |
CIL | VictoryShares International Volatility Wtd ETF | 27.0% | -35 bp | +1.5% |
CIZ | VictoryShares Developed Enhanced Volatility Wtd ETF | 26.9% | -29 bp | +1.4% |
HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 26.5% | -71 bp | +4.4% |
DWM | WisdomTree International Equity Fund | 26.1% | -32 bp | +2.4% |
Risk and Returns: HDMV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/25/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
HDMV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
HDMV
5.4%
Cat. Avg
7.2%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.4% |
Recommendation
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.
Category Overview
There are 257 funds in the International Equities category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. HDMV's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places HDMV in the 24th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
HDMV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
Trading data provided for free by IEX. By accessing this data you agree to abide by their Terms of Service.
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
HDMV | 80.0 | 22.0 | 102 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .