FNKvsHSMVETF Comparison
VS
ETF 2
HSMV
First Trust Horizon Managed Volatility Small/Mid ETF
This fund is part of
US Low Volatility
+1.02%
First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) belongs to the US Mid Cap Value segment. First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) is part of the US Low Volatility segment. FNK's top 3 sector exposures are Finance, Consumer Cyclicals and Non-Energy Materials. In contrast, HSMV's top sector exposures are Finance, Non-Energy Materials and Utilities. FNK is less expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.8% for HSMV. FNK is up 16.29% year-to-date (YTD) with +$562K in YTD flows. HSMV performs worse with 12.51% YTD performance, and +$4M in YTD flows. Run a side-by-side ETF comparison of FNK and HSMV below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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FNK vs HSMV performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNK HSMV | +4.25%+3.69% | +7.62%+5.18% | +16.29%+12.51% | +21.11%+13.93% | +38.78%+32.10% | +57.25%+30.70% |
| Flows | FNK HSMV | +$520K- | +$520K+$4M | +$562K+$4M | -$13M+$11M | -$61M+$11M | +$29M+$16M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNK HSMV | +12.74%+11.68% | +14.78%+10.66% | +19.06%+13.21% | +21.16%+15.36% |
| Max drawdown | FNK HSMV | -4.21%-3.86% | -9.07%-7.84% | -24.99%-15.50% | -24.99%-19.09% |
| Max drawdown duration | FNK HSMV | 39d56d | 122d114d | 406d437d | 406d856d |
Trading data
FNK | HSMV | |
Last sale 7/29/2026 at 1:30 PM | $64.13 | $39.53 |
| Previous close 07/28/2026 | $64.25 | $39.82 |
| Consolidated volume 07/28/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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HSMV
is actively managed and doesn’t replicate an indexFNK | HSMV | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/29/2026 at 1:30 PM
Live
Closed
FNK | HSMV | |
|---|---|---|
| Last price | $64.13 | $39.53 |
| 1D performance | -0.19% | -0.73% |
| AuM | $231.23 M | $35.86 M |
| E/R | 0.74% | 0.8% |
Characteristics
FNK | HSMV | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | First Trust |
| Benchmark | NASDAQ AlphaDEX Mid Cap Value Index | - |
| N° of holdings | 224 | 150 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | April 19, 2011 | June 4, 2020 |
| ESG | No | No |
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Exposure
Countries
FNK
USA
95.68%
Other
4.32%
HSMV
USA
96.77%
Other
3.23%
Sectors
FNK
Finance
35.62%
Consumer Cyclical.
13.69%
Non-Energy Materi.
9.51%
Energy
8.78%
Industrials
7.8%
Other
24.6%
HSMV
Finance
42.49%
Non-Energy Materi.
11.52%
Utilities
11.1%
Industrials
8.75%
Consumer Non-Cycl.
7.24%
Other
18.9%
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Diversification
FNK
Total weight of top 15 holdings out of 15
12.86%
HSMV
Total weight of top 15 holdings out of 15
21.81%
Top 15 holdings
Data as of June 30, 2026
FNK
Vornado Realty Trust
1.06%
Kilroy Realty Corp.
0.96%
Meritage Homes Corp.
0.91%
Macy's, Inc.
0.89%
SiriusXM Holdings, Inc.
0.89%
Matson, Inc.
0.86%
Taylor Morrison Home Corp.
0.85%
Mohawk Industries, Inc.
0.84%
Solventum Corp.
0.83%
EPR Properties
0.80%
Lithia Motors, Inc.
0.80%
First American Financial Corp.
0.80%
Radian Group Inc.
0.79%
Bank OZK
0.79%
Toll Brothers, Inc.
0.79%
HSMV
Phillips Edison & Co., Inc.
2.16%
OGE Energy Corp.
2.05%
Ellington Financial, Inc.
1.59%
IDACORP, Inc.
1.58%
Ingredion, Inc.
1.56%
NNN REIT, Inc.
1.54%
Starwood Property Trust, Inc.
1.44%
Agree Realty Corp.
1.39%
Four Corners Property Trust, Inc.
1.35%
DT Midstream, Inc.
1.25%
Monarch Casino & Resort, Inc.
1.19%
Graco, Inc.
1.19%
The Hanover Insurance Group, Inc.
1.18%
Antero Midstream Corp.
1.18%
Reliance, Inc.
1.16%
Frequently asked questions about FNK and HSMV
How have the FNK and HSMV ETFs performed in 2026?
As of July 28, 2026, FNK is up 16.29% year-to-date (YTD), while HSMV has returned 12.51%. That puts FNK better performer ahead so far this year.
Which ETF is attracting more investor money: FNK or HSMV?
Year-to-date, the FNK ETF saw +$562K in flows, compared to +$4M for HSMV.
Which ETF is more volatile: FNK or HSMV?
Over the past year, FNK had a volatility of 14.78%, while HSMV experienced 10.66%.
Which ETF is bigger: FNK or HSMV?
As of July 28, 2026, FNK holds $231.23 M in assets under management (AUM), while HSMV manages $35.86 M.
What sectors do the FNK and HSMV ETFs invest in?
FNK leans toward sectors like Finance, Consumer Cyclicals and Non-Energy Materials. Meanwhile, HSMV focuses on Finance, Non-Energy Materials and Utilities.
What are the top holdings of the FNK ETF and HSMV ETF?
FNK top holdings include Vornado Realty Trust, Kilroy Realty Corp. and Meritage Homes Corp.. HSMV holds in its top three: Phillips Edison & Co., Inc., OGE Energy Corp. and Ellington Financial, Inc..
Which ETF is more diversified: FNK or HSMV?
FNK holds 224 securities with 12.86% of its assets in the top 15. HSMV has 150 securities and a top 15 weight of 21.81%.
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