HSMVvsDFATETF Comparison
ETF 1
HSMV
First Trust Horizon Managed Volatility Small/Mid ETF
This fund is part of
US Low Volatility
+0.69%
VS
First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) belongs to the US Low Volatility segment. Dimensional US Targeted Value ETF (DFAT) is part of the US Multi-Factor segment. HSMV's top 3 sector exposures are Finance, Non-Energy Materials and Utilities. In contrast, DFAT's top sector exposures are Finance, Industrials and Consumer Cyclicals. HSMV is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.28% for DFAT. HSMV is up 6.45% year-to-date (YTD) with -$25M in YTD flows. DFAT performs better with 19.59% YTD performance, and +$305M in YTD flows. Run a side-by-side ETF comparison of HSMV and DFAT 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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HSMV vs DFAT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/29/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HSMV DFAT | +2.92%+5.14% | -4.81%-0.37% | +6.45%+19.59% | +8.74%+25.16% | +39.55%+71.19% | +20.97%+62.94% |
| Flows | HSMV DFAT | -+$32M | -$29M+$102M | -$25M+$305M | -$23M+$420M | -$18M+$1.40B | -$13M+$3.32B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HSMV DFAT | +9.14%+10.60% | +10.40%+14.14% | +12.90%+19.51% | +15.23%+20.95% |
| Max drawdown | HSMV DFAT | -8.47%-8.41% | -9.03%-9.68% | -15.50%-26.29% | -19.09%-26.29% |
| Max drawdown duration | HSMV DFAT | 92d74d | 93d65d | 437d379d | 856d379d |
Trading data
HSMV | DFAT | |
Last sale 10/29/2026 at 1:30 PM | $36.57 | $70.02 |
| Previous close 10/29/2026 | $36.02 | $70.35 |
| Consolidated volume 10/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/29/2026 at 1:30 PM
Live
Closed
HSMV | DFAT | |
|---|---|---|
| Last price | $36.57 | $70.02 |
| 1D performance | +1.51% | -0.47% |
| AuM | $5.49 M | $14.52 B |
| E/R | 0.8% | 0.28% |
Characteristics
HSMV | DFAT | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | First Trust | Dimensional |
| Benchmark | - | - |
| N° of holdings | 150 | 1157 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 4, 2020 | June 14, 2021 |
| ESG | No | No |
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Exposure
Countries
HSMV
USA
97.75%
Other
2.25%
DFAT
USA
92.24%
Other
7.76%
Sectors
HSMV
Finance
40.44%
Non-Energy Materi.
11.19%
Utilities
11.02%
Consumer Non-Cycl.
8.96%
Industrials
7.68%
Other
20.71%
DFAT
Finance
30.33%
Industrials
11.67%
Consumer Cyclical.
11.6%
Energy
11.24%
Consumer Non-Cycl.
8.29%
Non-Energy Materi.
7.56%
Other
19.3%
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Diversification
HSMV
Total weight of top 15 holdings out of 15
22.4%
DFAT
Total weight of top 15 holdings out of 15
9.36%
Top 15 holdings
Data as of September 30, 2026
HSMV
Ingredion, Inc.
2.27%
Dolby Laboratories, Inc.
2.07%
Antero Midstream Corp.
1.63%
Phillips Edison & Co., Inc.
1.63%
Balchem Corp.
1.54%
Graco, Inc.
1.48%
Ellington Financial, Inc.
1.46%
DT Midstream, Inc.
1.41%
Starwood Property Trust, Inc.
1.39%
OGE Energy Corp.
1.33%
Innospec, Inc.
1.33%
InvenTrust Properties Corp.
1.25%
New Jersey Resources Corp.
1.22%
MSC Industrial Direct Co., Inc.
1.20%
City Holding Co.
1.19%
DFAT
CNH Industrial NV
0.83%
Ovintiv, Inc.
0.76%
APA Corp.
0.75%
HF Sinclair Corp.
0.67%
The J. M. Smucker Co.
0.65%
Ball Corp.
0.63%
BorgWarner, Inc.
0.62%
Toll Brothers, Inc.
0.62%
Arrow Electronics, Inc.
0.60%
Invesco Ltd.
0.56%
Revvity, Inc.
0.54%
Performance Food Group Co.
0.54%
RenaissanceRe Holdings Ltd.
0.53%
Antero Resources Corp.
0.53%
Ally Financial, Inc.
0.53%
Frequently asked questions about HSMV and DFAT
How have the HSMV and DFAT ETFs performed in 2026?
As of October 29, 2026, HSMV is up 6.45% year-to-date (YTD), while DFAT has returned 19.59%. That puts DFAT better performer ahead so far this year.
Which ETF is attracting more investor money: HSMV or DFAT?
Year-to-date, the HSMV ETF saw -$25M in flows, compared to +$305M for DFAT.
Which ETF is more volatile: HSMV or DFAT?
Over the past year, HSMV had a volatility of 10.4%, while DFAT experienced 14.14%.
Which ETF is bigger: HSMV or DFAT?
As of October 29, 2026, HSMV holds $5.49 M in assets under management (AUM), while DFAT manages $14.52 B.
What sectors do the HSMV and DFAT ETFs invest in?
HSMV leans toward sectors like Finance, Non-Energy Materials and Utilities. Meanwhile, DFAT focuses on Finance, Industrials and Consumer Cyclicals.
What are the top holdings of the HSMV ETF and DFAT ETF?
HSMV top holdings include Ingredion, Inc., Dolby Laboratories, Inc. and Antero Midstream Corp.. DFAT holds in its top three: CNH Industrial NV, Ovintiv, Inc. and APA Corp..
Which ETF is more diversified: HSMV or DFAT?
HSMV holds 150 securities with 22.4% of its assets in the top 15. DFAT has 1182 securities and a top 15 weight of 9.36%.
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