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ETFs

First Trust Horizon Managed Volatility Developed International ETF

HDMV
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 24 2016
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$153,654
AUM
$38,486,054
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

9434
SoftBank Corp.
2.06%
OCBA
Oversea-Chinese Banking Corporation Limited
1.92%
KPN
Koninklijke KPN NV
1.86%
2702
McDonald`s Holdings Co. (Japan) Ltd.
1.56%
ULVR
Unilever plc
1.45%
SOU
Singapore Exchange Limited
1.42%
UOB
United Overseas Bank Limited
1.41%
SCMN
Swisscom AG
1.34%
DEVL
DBS Group Holdings Ltd
1.33%
STE
Steilmann SE - Bearer Shares
1.27%
Invest with HDMV

What is HDMV?

The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Funds investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

ETFs related toHDMV

ETFs correlated to HDMV include EFAV, IDLV, JPIN

HDMV
First Trust Exchange-Traded Fund III - First Trust Horizon Managed Volatility Developed International ETF
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF
IDLV
Invesco Capital Management LLC - Invesco S&P International Developed Low Volatility ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
IGRO
BlackRock Institutional Trust Company N.A. - iShares International Dividend Growth ETF
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE ETF
IEFA
BlackRock Institutional Trust Company N.A. - iShares Core MSCI EAFE ETF
ESGD
iShares Trust - iShares Trust iShares ESG Aware MSCI EAFE ETF
BBIN
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders International Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toHDMV

#DB

Diversification at its Best

Category

Tactical Asset Allocation, Be Risk Aware, Diversification

Risk Rating

Moderate

#PTI

Pick the Trending Index

Category

Momentum, Grow Your Portfolio, Ride the Momentum

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HDMV using Composer

FAQ

HDMV is a Global Ex. US Equities ETF. The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Funds investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Yes, HDMV is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, HDMV is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on HDMV is -0.0013%. This is the percent change in the value of HDMV over the most recent 1-month period. The 3-month return on HDMV is -0.0261%. This is the percent change in the value of HDMV over the most recent 3-month period.

The standard deviation of HDMV for the past year is 0.1304%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to HDMV include PBW, IGF, and ARKK.

ETFs correlated to HDMV include EFAV, IDLV, and JPIN.

ETFs that are inversely correlated to HDMV include EFZ, EPV, and USDU.

Disclaimers

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We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.