FNKvsHSMVETF Comparison
VS
ETF 2
HSMV
First Trust Horizon Managed Volatility Small/Mid ETF
This fund is part of
US Low Volatility
-0.3%
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, Energy and Consumer Cyclicals. In contrast, HSMV's top sector exposures are Finance, Utilities and Non-Energy Materials. FNK is less expensive with a Total Expense Ratio (TER) of 0.74%, versus 0.8% for HSMV. FNK is up 14.48% year-to-date (YTD) with +$10M in YTD flows. HSMV performs worse with 5.3% YTD performance, and -$25M 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 10/27/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FNK HSMV | +4.99%+1.40% | +0.11%-5.25% | +14.48%+5.30% | +16.65%+5.32% | +58.78%+39.11% | +49.49%+21.23% |
| Flows | FNK HSMV | +$9M- | +$9M-$29M | +$10M-$25M | +$12M-$23M | -$44M-$18M | +$53M-$13M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FNK HSMV | +11.82%+8.95% | +13.41%+10.39% | +18.74%+12.89% | +20.98%+15.22% |
| Max drawdown | FNK HSMV | -8.76%-9.03% | -9.07%-9.03% | -24.99%-15.50% | -24.99%-19.09% |
| Max drawdown duration | FNK HSMV | 54d91d | 122d91d | 406d437d | 406d856d |
Trading data
FNK | HSMV | |
Last sale 10/28/2026 at 1:30 PM | $62.67 | $36.02 |
| Previous close 10/27/2026 | $62.94 | $36.21 |
| Consolidated volume 10/27/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 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 10/28/2026 at 1:30 PM
Live
Closed
FNK | HSMV | |
|---|---|---|
| Last price | $62.67 | $36.02 |
| 1D performance | -0.43% | -0.50% |
| AuM | $236.03 M | $5.43 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
95.37%
Other
4.63%
HSMV
USA
97.64%
Other
2.36%
Sectors
FNK
Finance
29.47%
Energy
15.45%
Consumer Cyclical.
12.58%
Non-Energy Materi.
9.43%
Industrials
7.26%
Other
25.81%
HSMV
Finance
40.93%
Utilities
11.11%
Non-Energy Materi.
11.1%
Consumer Non-Cycl.
9.05%
Industrials
7.18%
Other
20.63%
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Diversification
FNK
Total weight of top 15 holdings out of 15
13.46%
HSMV
Total weight of top 15 holdings out of 15
22.57%
Top 15 holdings
Data as of August 31, 2026
FNK
HF Sinclair Corp.
1.05%
EPAM Systems, Inc.
1.03%
SM Energy Co.
1.02%
Genpact Ltd.
0.96%
APA Corp.
0.95%
Permian Resources Corp.
0.91%
Lithia Motors, Inc.
0.89%
Ovintiv, Inc.
0.89%
CF Industries Holdings, Inc.
0.88%
Matador Resources Co.
0.83%
Gap, Inc.
0.83%
Lyft, Inc.
0.81%
Universal Health Services, Inc.
0.81%
Range Resources Corp.
0.80%
ADT, Inc.
0.80%
HSMV
Ingredion, Inc.
2.36%
Dolby Laboratories, Inc.
2.04%
Antero Midstream Corp.
1.71%
Phillips Edison & Co., Inc.
1.60%
Ellington Financial, Inc.
1.57%
Balchem Corp.
1.55%
Starwood Property Trust, Inc.
1.54%
DT Midstream, Inc.
1.45%
Graco, Inc.
1.38%
InvenTrust Properties Corp.
1.27%
OGE Energy Corp.
1.26%
Innospec, Inc.
1.23%
New Jersey Resources Corp.
1.22%
Universal Corp.
1.21%
NNN REIT, Inc.
1.18%
Frequently asked questions about FNK and HSMV
How have the FNK and HSMV ETFs performed in 2026?
As of October 27, 2026, FNK is up 14.48% year-to-date (YTD), while HSMV has returned 5.3%. 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 +$10M in flows, compared to -$25M for HSMV.
Which ETF is more volatile: FNK or HSMV?
Over the past year, FNK had a volatility of 13.41%, while HSMV experienced 10.39%.
Which ETF is bigger: FNK or HSMV?
As of October 27, 2026, FNK holds $236.03 M in assets under management (AUM), while HSMV manages $5.43 M.
What sectors do the FNK and HSMV ETFs invest in?
FNK leans toward sectors like Finance, Energy and Consumer Cyclicals. Meanwhile, HSMV focuses on Finance, Utilities and Non-Energy Materials.
What are the top holdings of the FNK ETF and HSMV ETF?
FNK top holdings include HF Sinclair Corp., EPAM Systems, Inc. and SM Energy Co.. HSMV holds in its top three: Ingredion, Inc., Dolby Laboratories, Inc. and Antero Midstream Corp..
Which ETF is more diversified: FNK or HSMV?
FNK holds 224 securities with 13.46% of its assets in the top 15. HSMV has 150 securities and a top 15 weight of 22.57%.
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