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ETFs

First Trust Horizon Managed Volatility Small/Mid ETF

HSMV
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Apr 06 2020
Expense Ratio
0.80%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$41,056
AUM
$17,832,059
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

HRB
H&R Block Inc.
0.98%
CASY
Casey`s General Stores, Inc.
0.89%
NYT
New York Times Co. - Ordinary Shares - Class A
0.85%
CLH
Clean Harbors, Inc.
0.84%
CDP
COPT Defense Properties
0.83%
EME
Emcor Group, Inc.
0.83%
MUSA
Murphy USA Inc
0.83%
JBL
Jabil Inc
0.82%
GNTX
Gentex Corp.
0.81%
CSL
Carlisle Companies Inc.
0.81%
Invest with HSMV

What is HSMV?

The First Trust Horizon Managed Volatility Small/Mid ETFs investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

ETFs related toHSMV

ETFs correlated to HSMV include XMLV, DON, REGL

HSMV
First Trust Exchange-Traded Fund III - First Trust Horizon Managed Volatility Small/Mid ETF
XMLV
Invesco Capital Management LLC - Invesco S&P MidCap Low Volatility ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
REGL
ProShares Trust - ProShares S&P MidCap 400 Div Aristocrats ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
SMMV
iShares Trust - iShares MSCI USA Small-Cap Min Vol Factor ETF
SDY
SPDR Series Trust - SPDR Dividend ETF
IVOV
Vanguard Group, Inc. - Vanguard S&P Mid-Cap 400 Value ETF
MIDU
Direxion Shares ETF Trust - Direxion Daily Mid Cap Bull 3x Shares
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
IJH
BlackRock Institutional Trust Company N.A. - iShares Core S&P Mid-Cap 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 toHSMV

#GLOBE

Follow the Global Trend

Category

Momentum, Lever Up, Go Global, Diversification

Risk Rating

Moderate

#SAM

Spread Across the Market

Category

Getting Defensive, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with HSMV using Composer

FAQ

HSMV is a US Equities ETF. The First Trust Horizon Managed Volatility Small/Mid ETFs investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Yes, HSMV 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, HSMV 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 HSMV is -0.0234%. This is the percent change in the value of HSMV over the most recent 1-month period. The 3-month return on HSMV is -0.0074%. This is the percent change in the value of HSMV over the most recent 3-month period.

The standard deviation of HSMV for the past year is 0.1699%. 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 HSMV include SPHQ, DSI, and QUAL.

ETFs correlated to HSMV include XMLV, DON, and REGL.

ETFs that are inversely correlated to HSMV include TZA, RWM, and TWM.

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.