HSMV
First Trust Horizon Managed Volatility Small/Mid ETF
HSMV is an active fund of small- and midcap US stocks selected based on volatility forecast.
US
EQUITY
Active
MANAGEMENT STYLE
$ 30.3 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Inception date | Apr 06, 2020 |
| 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 +
| OGE ENERGY CORP | 2.2 % |
| PHILLIPS EDISON & COMPANY, INC. | 2.0 % |
| INGREDION INC | 1.9 % |
| IDACORP INC | 1.6 % |
| STARWOOD PROPERTY TRUST INC | 1.6 % |
| ELLINGTON FINANCIAL LLC | 1.5 % |
| NATIONAL RETAIL PROPERTIES | 1.5 % |
| AGREE REALTY CORP | 1.4 % |
| GRACO INC | 1.4 % |
| FOUR CORNERS PROPERTY TRUST, INC. | 1.4 % |
Constituent Breakdown
| Number of holdings | 151 |
| Herfindahl-Hirschman Index | 91 |
| Wgt avg mkt cap (mns) | $7,026 |
| Large cap (>$10bn) | 25.5% |
| Mid cap ($2-10bn) | 66.5% |
| Small cap (<$2bn) | 7.5% |
| Developed mkts. | 99.4% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 97.4 % |
 |
BERMUDA | 2.1 % |
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 | 1.5% | 0.4% | 3.2% | 5.4% | 2.9% | -- | -- | 9.4% |
| Dividend Yield | 0.3% | 2.1% | 1.9% | 1.8% | 1.5% | -- | -- | 1.5% |
| Total Returns | 1.8% | 2.5% | 5.1% | 7.2% | 4.4% | -- | -- | 10.9% | Ann. Volatility | 10.8% | 13.6% | 13.3% | 13.4% | 15.0% | -- | -- | 16.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.51 | 50% |
| MSCI EAFE | 0.56 | 52% |
| MSCI Emg Mkts | 0.37 | 30% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.28% |
Technical Indicators
| 30d moving avg. (EMA) | $37.00 |
| Relative strength (RSI) | 60 |
| MACD/Signal | 0.27/0.10 |
| Bollinger Bands (Upper/Lower) | $38.33/$35.06 |
| Short interest (% of AUM) | 0.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HSMV |
Expenses vs. HSMV |
ALTAR Score™ vs. HSMV |
|---|---|---|---|---|
| XMLV | Invesco S&P MidCap Low Volatility ETF | 43.2% | -55 bp | -0.1% |
| SMMV | iShares MSCI USA Small-Cap Min Vol Factor ETF | 30.5% | -60 bp | -0.9% |
| SIXL | ETC 6 Meridian Low Beta Equity ETF | 27.3% | 0 bp | -0.9% |
| XSLV | Invesco S&P SmallCap Low Volatility ETF | 27.3% | -55 bp | +0.5% |
| REGL | ProShares S&P MidCap 400 Dividend Aristocrats ETF | 25.8% | -40 bp | -0.1% |
| SMOX | Horizon Small/Mid Cap Core Equity ETF | 24.2% | -5 bp | -1.3% |
| MDYV | State Street SPDR S&P 400 Mid Cap Value ETF | 24.1% | -65 bp | +1.2% |
| IJJ | iShares S&P Mid-Cap 400 Value ETF | 24.1% | -62 bp | +1.2% |
| IVOV | Vanguard S&P Mid-Cap 400 Value ETF | 23.8% | -70 bp | +1.3% |
| QVMM | Invesco S&P MidCap 400 QVM Multi-factor ETF | 23.5% | -65 bp | -0.6% |
Risk and Returns: HSMV 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 4/24/2026
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
7.3%
ALTAR SCORE™
81st
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,196 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.1%. HSMV's ALTAR Score™ is approximately 0.9 standard
deviations above the category average. This places HSMV in the 81st percentile
among funds in the category.
Sell-Side Consensus
$42.84
PRICE TARGET
+13.0%
UPSIDE