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.
International
EQUITY
Active
MANAGEMENT STYLE
$ 17.3 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Aug 24, 2016 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ASCENDAS REAL ESTATE INV TRT | 2.2 % |
| TELSTRA CORPORATION LIMITED | 2.1 % |
| CLP HOLDINGS LTD | 2.0 % |
| HONG KONG & CHINA GAS | 1.9 % |
| CAPITALAND INTEGRATED COMMERCIAL TRUST | 1.8 % |
| TRYG A/S | 1.3 % |
| SOFTBANK CORP. | 1.3 % |
| UNITED OVERSEAS BANK LTD | 1.3 % |
| KLEPIERRE | 1.3 % |
| OVERSEA-CHINESE BANKING CORP | 1.1 % |
Constituent Breakdown
| Number of holdings | 162 |
| Herfindahl-Hirschman Index | 83 |
| Wgt avg mkt cap (mns) | $33,180 |
| Large cap (>$10bn) | 78.8% |
| Mid cap ($2-10bn) | 16.3% |
| Small cap (<$2bn) | 0.7% |
| Developed mkts. | 97.1% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
JAPAN | 15.6 % |
 |
SINGAPORE | 9.2 % |
 |
FRANCE | 8.8 % |
 |
AUSTRALIA | 8.5 % |
 |
HONG KONG | 8.3 % |
 |
BRITAIN | 7.0 % |
 |
SWITZERLAND | 6.9 % |
 |
GERMANY | 5.7 % |
 |
SWEDEN | 5.2 % |
 |
ITALY | 4.8 % |
Historical Performance
Standardized Performance (as of 03/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.2% | 14.7% | 12.1% | 8.9% | 3.4% | -- | -- | 2.2% |
| Dividend Yield | 0.0% | 4.4% | 3.9% | 3.6% | 3.5% | -- | -- | 3.1% |
| Total Returns | 4.2% | 19.1% | 16.0% | 12.5% | 7.0% | -- | -- | 5.3% | Ann. Volatility | 14.5% | 13.2% | 12.0% | 11.4% | 12.0% | -- | -- | 13.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.33 | 23% |
| MSCI EAFE | 0.62 | 69% |
| MSCI Emg Mkts | 0.45 | 47% |
Liquidity Measures
| Avg. volume (000) | 1 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.24% |
Technical Indicators
| 30d moving avg. (EMA) | $37.51 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.37/0.19 |
| Bollinger Bands (Upper/Lower) | $39.19/$35.23 |
| Short interest (% of AUM) | 0.2% |
Distributions
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 | 40.6% | -55 bp | +0.7% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 36.9% | -58 bp | +0.1% |
| DWMF | WisdomTree International Multifactor Fund | 36.4% | -42 bp | +1.3% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 25.6% | -48 bp | +0.1% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 25.5% | -50 bp | +0.5% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 22.7% | -71 bp | +1.0% |
| CIL | VictoryShares International Volatility Wtd ETF | 22.7% | -35 bp | +0.4% |
| TPIF | Timothy Plan International ETF | 22.2% | -18 bp | +0.0% |
| HDEF | Xtrackers MSCI EAFE High Dividend Yield Equity ETF | 21.8% | -71 bp | +2.2% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 21.8% | -40 bp | +2.1% |
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.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 4/21/2026
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
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
5.9%
ALTAR SCORE™
44th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 345 funds in the International Equity category with an average
ALTAR Score™ of 6.2% and a standard deviation
of 1.5%. HDMV's ALTAR Score™ is approximately -0.2 standard
deviations above the category average. This places HDMV in the 44th percentile
among funds in the category.
Sell-Side Consensus
$40.84
PRICE TARGET
+6.2%
UPSIDE