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ETFs

First Trust Horizon Managed Volatility Developed International ETF

HDMV
$--
Today’s Change
-- (--)

Snapshot
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Inception Date
Aug 24 2016
Expense Ratio
0.80%
Type
Global Ex. US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$146,897
AUM
$39,536,056
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

2702
McDonald`s Holdings Co. (Japan) Ltd.
2.07%
SIA
SINGAPORE AIRLINES LTD
1.92%
OCBC
OVERSEA-CHINESE BANKING CORP
1.89%
SGX
SINGAPORE EXCHANGE LTD
1.87%
STE
SINGAPORE TECH ENGINEERING
1.83%
66
MTR Corporation Ltd.
1.80%
ORA
ORANGE
1.79%
SCMN
Swisscom AG
1.64%
6
Power Assets Holdings Limited
1.61%
KPN
KONINKLIJKE KPN NV
1.45%
Invest with HDMV

What is HDMV?

The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Funds investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

ETFs related toHDMV

ETFs correlated to HDMV include EFAV, IDLV, QEFA

HDMV
First Trust Exchange-Traded Fund III - First Trust Horizon Managed Volatility Developed International ETF
EFAV
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Min Vol Factor ETF
IDLV
Invesco Capital Management LLC - Invesco S&P International Developed Low Volatility ETF
QEFA
SSgA Active Trust - SPDR MSCI EAFE StrategicFactors SM ETF
JPIN
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return International Equity ETF
DWM
WisdomTree Trust - WisdomTree International Equity Fund
RODM
Lattice Strategies Trust - Hartford Multifactor Developed Markets (ex-US) ETF
DFSI
Dimensional ETF Trust - Dimensional International Sustainability Core 1 ETF
IGRO
BlackRock Institutional Trust Company N.A. - iShares International Dividend Growth ETF
EFAX
SSgA Active Trust - SPDR MSCI EAFE Fossil Fuel Reserves Free ETF
EFA
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE 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 toHDMV

#TSMO

Treasury and Stock Momentum

Category

Momentum, Be Risk Aware

Risk Rating

Aggressive

#SWITCH

Asset Switching

Category

Momentum, Grow Your Portfolio

Risk Rating

Aggressive

Create your own algorithmic trading strategy with HDMV using Composer

FAQ

HDMV is a Global Ex. US Equities ETF. The First Trust Horizon Managed Volatility Developed International ETF is an actively managed exchange-traded fund. The Funds investment objective is to provide capital appreciation. Under normal market conditions, the Fund will seek to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in common stocks and depositary receipts of developed market companies listed and traded on non-U.S. exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

Yes, HDMV 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, HDMV 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 HDMV is 0.0017%. This is the percent change in the value of HDMV over the most recent 1-month period. The 3-month return on HDMV is 0.0278%. This is the percent change in the value of HDMV over the most recent 3-month period.

The standard deviation of HDMV for the past year is 0.1448%. 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 HDMV include ARKK, TAN, and EFG.

ETFs correlated to HDMV include EFAV, IDLV, and QEFA.

ETFs that are inversely correlated to HDMV include EFZ, EPV, and SKF.

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.