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
33.7 M
ASSETS UNDER MGMT
80 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 24, 2016 |
| Assets (mns) | $34 |
| 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 +
| DEUTSCHE TELEKOM AG | 2.1 % |
| LONDON STOCK EXCHANGE GROUP | 2.1 % |
| ZURICH FINANCIAL SERVICES AG | 2.0 % |
| DANONE | 1.9 % |
| UNITED OVERSEAS BANK LTD | 1.9 % |
| ROYAL KPN NV | 1.9 % |
| SWISSCOM AG | 1.9 % |
| OVERSEA-CHINESE BANKING CORP | 1.8 % |
| SWISS PRIME SITE-REG | 1.6 % |
| UNILEVER PLC | 1.4 % |
Constituent Breakdown
| Number of holdings | 159 |
| Herfindahl-Hirschman Index | 90 |
| Wgt avg mkt cap (mns) | $41,766 |
| Large cap (>$10bn) | 78.7% |
| Mid cap ($2-10bn) | 21.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
JAPAN | 15.9 % |
 |
SWITZERLAND | 12.3 % |
 |
BRITAIN | 12.2 % |
 |
SINGAPORE | 10.1 % |
 |
GERMANY | 8.3 % |
 |
FRANCE | 8.0 % |
 |
NETHERLANDS | 6.6 % |
 |
AUSTRALIA | 6.3 % |
 |
ITALY | 4.5 % |
 |
SPAIN | 4.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 7.1% | 17.1% | 14.8% | 1.8% | 0.7% | -- | 3.3% | Volatility | 10.1% | 10.2% | 11.0% | 12.1% | 15.0% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.57 | 53% |
| MSCI EAFE | 0.71 | 84% |
| MSCI Emg Mkts | 0.62 | 64% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.22% |
| ADV of underlying (mns) | $9,890 |
Technical Indicators
| Recent close | $29.30 |
| 30d moving avg. | $30.93 |
| Annualized volatility | 13.6% |
| Relative strength (RSI) | 44 |
| Short interest (ETF) | 0.0% |
| 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 | 48.5% | -55 bp | +0.7% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 42.0% | -58 bp | +0.9% |
| DWMF | WisdomTree International Multifactor Fund | 37.9% | -42 bp | +1.8% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 30.5% | -48 bp | +0.3% |
| QEFA | SPDR MSCI EAFE StrategicFactors ETF | 30.0% | -50 bp | +1.6% |
| DOL | WisdomTree International LargeCap Dividend Fund | 27.1% | -32 bp | +2.3% |
| CIL | VictoryShares International Volatility Wtd ETF | 26.7% | -35 bp | +1.4% |
| CIZ | VictoryShares Developed Enhanced Volatility Wtd ETF | 26.5% | -29 bp | +1.5% |
| EFV | iShares MSCI EAFE Value ETF | 25.9% | -46 bp | +3.9% |
| TPIF | Timothy Plan International ETF | 25.6% | -18 bp | +1.2% |
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 11/13/2024
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 Rating
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™
HDMV
5.6%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. HDMV's ALTAR Score™ is approximately
0.7 standard deviations
below
the category average. This places HDMV in the 25th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HDMVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active International Equity ETFs |
| # of ETFs | 38 |
| Avg. Expense Ratio | 56.2 bp |
| Std. Deviation | 24 bp |
| HDMV (80 bp) Percentile rank | 84 |
Peer Group Expense Ratio Distribution
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. | 42.6 | 40.1 | 82.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .