HSMVvsFNKETF Comparison
ETF 1
HSMV
First Trust Horizon Managed Volatility Small/Mid ETF
This fund is part of
US Low Volatility
+0.5%
VS
First Trust Horizon Managed Volatility Small/Mid ETF (HSMV) belongs to the US Low Volatility segment. First Trust Mid Cap Value AlphaDEX Fund ETF (FNK) is part of the US Mid Cap Value segment. HSMV's top 3 sector exposures are Finance, Non-Energy Materials and Utilities. In contrast, FNK's top sector exposures are Finance, Energy and Consumer Cyclicals. HSMV is more expensive with a Total Expense Ratio (TER) of 0.8%, versus 0.74% for FNK. HSMV is up 7.02% year-to-date (YTD) with -$22M in YTD flows. FNK performs better with 14.46% YTD performance, and +$562K in YTD flows. Run a side-by-side ETF comparison of HSMV and FNK 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 FNK performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/10/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HSMV FNK | -3.14%-1.64% | +1.30%+5.25% | +7.02%+14.46% | +6.07%+15.22% | +31.26%+45.48% | +25.17%+53.77% |
| Flows | HSMV FNK | -$29M- | -$23M+$520K | -$22M+$562K | -$20M-$2M | -$14M-$59M | -$10M+$44M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HSMV FNK | +10.35%+11.58% | +10.34%+13.68% | +13.11%+18.93% | +15.28%+21.06% |
| Max drawdown | HSMV FNK | -4.88%-2.72% | -7.84%-9.07% | -15.50%-24.99% | -19.09%-24.99% |
| Max drawdown duration | HSMV FNK | 44d7d | 114d122d | 437d406d | 856d406d |
Trading data
HSMV | FNK | |
Last sale 9/11/2026 at 1:30 PM | $37.86 | $63.73 |
| Previous close 09/11/2026 | $37.82 | $63.49 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HSMV
is actively managed and doesn’t replicate an indexHSMV | FNK | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 1:30 PM
Live
Closed
HSMV | FNK | |
|---|---|---|
| Last price | $37.86 | $63.73 |
| 1D performance | +0.11% | +0.38% |
| AuM | $9.48 M | $227.60 M |
| E/R | 0.8% | 0.74% |
Characteristics
HSMV | FNK | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | First Trust | First Trust |
| Benchmark | - | NASDAQ AlphaDEX Mid Cap Value Index |
| N° of holdings | 150 | 224 |
| Asset class | - | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 4, 2020 | April 19, 2011 |
| ESG | No | No |
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Exposure
Countries
HSMV
USA
97.96%
Other
2.04%
FNK
USA
95.52%
Other
4.48%
Sectors
HSMV
Finance
41.05%
Non-Energy Materi.
11.19%
Utilities
11.12%
Consumer Non-Cycl.
8.95%
Industrials
7.33%
Other
20.36%
FNK
Finance
29.78%
Energy
14.93%
Consumer Cyclical.
12.73%
Non-Energy Materi.
9.59%
Industrials
7.28%
Other
25.69%
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Diversification
HSMV
Total weight of top 15 holdings out of 15
22.77%
FNK
Total weight of top 15 holdings out of 15
13.07%
Top 15 holdings
Data as of July 31, 2026
HSMV
Ingredion, Inc.
2.39%
Dolby Laboratories, Inc.
2.10%
Antero Midstream Corp.
1.67%
Starwood Property Trust, Inc.
1.61%
Phillips Edison & Co., Inc.
1.60%
Ellington Financial, Inc.
1.59%
Balchem Corp.
1.58%
Graco, Inc.
1.45%
DT Midstream, Inc.
1.42%
InvenTrust Properties Corp.
1.28%
OGE Energy Corp.
1.26%
New Jersey Resources Corp.
1.22%
Innospec, Inc.
1.21%
Agree Realty Corp.
1.20%
NNN REIT, Inc.
1.19%
FNK
SM Energy Co.
1.01%
APA Corp.
0.95%
EPAM Systems, Inc.
0.94%
Genpact Ltd.
0.94%
HF Sinclair Corp.
0.93%
Permian Resources Corp.
0.91%
Lithia Motors, Inc.
0.89%
Ovintiv, Inc.
0.88%
Lyft, Inc.
0.83%
Matador Resources Co.
0.82%
CF Industries Holdings, Inc.
0.81%
Universal Health Services, Inc.
0.81%
ADT, Inc.
0.79%
Ingredion, Inc.
0.79%
Graphic Packaging Holding Co.
0.77%
Frequently asked questions about HSMV and FNK
How have the HSMV and FNK ETFs performed in 2026?
As of September 10, 2026, HSMV is up 7.02% year-to-date (YTD), while FNK has returned 14.46%. That puts FNK better performer ahead so far this year.
Which ETF is attracting more investor money: HSMV or FNK?
Year-to-date, the HSMV ETF saw -$22M in flows, compared to +$562K for FNK.
Which ETF is more volatile: HSMV or FNK?
Over the past year, HSMV had a volatility of 10.34%, while FNK experienced 13.68%.
Which ETF is bigger: HSMV or FNK?
As of September 10, 2026, HSMV holds $9.48 M in assets under management (AUM), while FNK manages $227.60 M.
What sectors do the HSMV and FNK ETFs invest in?
HSMV leans toward sectors like Finance, Non-Energy Materials and Utilities. Meanwhile, FNK focuses on Finance, Energy and Consumer Cyclicals.
What are the top holdings of the HSMV ETF and FNK ETF?
HSMV top holdings include Ingredion, Inc., Dolby Laboratories, Inc. and Antero Midstream Corp.. FNK holds in its top three: SM Energy Co., APA Corp. and EPAM Systems, Inc..
Which ETF is more diversified: HSMV or FNK?
HSMV holds 150 securities with 22.77% of its assets in the top 15. FNK has 224 securities and a top 15 weight of 13.07%.
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