First Trust Horizon Managed Volatility… (HDMV) Performance
HDMV total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.9% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +7.2% a year
- 10 years
- +6.0% a year
- Since first price
- +5.6% a year since 2016
HDMV trailing returns vs SPY, QQQ, AGG
| Period | HDMV total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.4% | −2.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +2.3% | −1.4% | +7.8% | +8.4% | −1.5% |
| YTD | +8.9% | +5.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +5.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +60.3%+17.0%/yr | +41.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +41.5%+7.2%/yr | +17.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +79.4%+6.0%/yr | +28.7% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionAug 26, 2016 | +73.6%+5.6%/yr | +24.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HDMV vs SPY
From Aug 26, 2016: HDMV grew to $17,359, SPY to $41,161.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HDMV returns by calendar year
6 of 9 full years positive. Best 2025 (+29.3%), worst 2022 (−11.5%). 2026 is year to date.
HDMV annual returns table
| Year | HDMV | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.9% | −8.7% | +12.3% | +15.1% | −1.0% |
| 2025 | +29.3% | −8.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.0% | −9.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +9.6% | −10.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −11.5% | −23.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +7.4% | −6.3% | +28.7% | +27.4% | −1.8% |
| 2020 | −9.4% | −32.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +15.0% | −6.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −7.6% | −15.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.5% | −2.7% | +21.7% | +32.7% | +3.6% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HDMV largest drawdowns
Now 4.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −32.0% | Mar 23, 2020 | Aug 19, 2024 | 2 months | 4.6 years |
| Jan 26, 2018 | −15.3% | Dec 24, 2018 | Dec 16, 2019 | 11 months | 1.9 years |
| Sep 24, 2024 | −10.3% | Jan 13, 2025 | Mar 5, 2025 | 4 months | 5 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HDMV risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2016 |
|---|---|---|---|---|
| Annualized return | +14.8% | +7.2% | +5.3% | +5.4% |
| Volatility (annualized) | 11.8% | 13.1% | 12.9% | 12.9% |
| Sharpe ratio | 0.86 | 0.32 | 0.29 | 0.30 |
| Sortino ratio | 1.45 | 0.49 | 0.40 | 0.41 |
| Best month | +7.6% | +10.3% | +10.3% | +10.3% |
| Worst month | −6.1% | −8.2% | −16.3% | −16.3% |
| Best 12 months | +33.6% | +33.6% | +33.6% | +33.6% |
| Worst 12 months | +3.0% | −19.9% | −19.9% | −19.9% |
| Positive months | 64% | 58% | 60% | 60% |
| Beta vs S&P 500 | 0.24 | 0.45 | 0.56 | — |
| Correlation with S&P 500 | 0.25 | 0.54 | 0.66 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HDMV rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 111 | −19.9% | +6.2% | +33.6% | 68% |
| 3-year (a year) | 87 | −7.7% | +1.5% | +16.7% | 68% |
| 5-year (a year) | 63 | −3.2% | +1.9% | +9.3% | 70% |
| 10-year (a year) | 3 | +5.3% | +6.0% | +6.1% | 100% |
Every holding period starting at a month-end since 2016. Returns for 3 years and longer are annualized.
HDMV performance overview
First Trust Horizon Managed Volatility… (HDMV) returned +10.7% over the past year and +6.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2016 it has returned +5.6% a year, turning $10,000 into about $17,359. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.0%, from Jan 17, 2020 to Mar 23, 2020, and it took 4.4 years to get back to the old high. HDMV finished 6 of its 9 full calendar years with a gain; the best year was 2025 (+29.3%) and the worst 2022 (−11.5%). Volatility has been 12.9% a year.
Related: HDMV chart, HDMV holdings, HDMV dividends. See the HDMV overview for the latest quote and fund facts.
HDMV performance FAQ
What is the HDMV return over the past year?
HDMV returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 5.5%.
What is the average annual return of HDMV?
HDMV has returned +7.2% a year over 5 years, +6.0% a year over 10 years, +5.6% a year since August 26, 2016 (total return, distributions reinvested).
How much would $10,000 invested in HDMV be worth?
$10,000 invested in HDMV at its first recorded close on August 26, 2016 would be worth about $17,359 on October 23, 2026 with distributions reinvested.
What was the worst year for HDMV?
The worst calendar year was 2022, with a total return of −11.5%. The best was 2025 at +29.3%.
What is the biggest drawdown of HDMV?
The largest peak-to-trough decline was −32.0% between January 17, 2020 and March 23, 2020. It recovered to the old high on August 19, 2024, 4.4 years after the bottom.
How volatile is HDMV?
Over the past 3 years HDMV had an annualized volatility of 11.8% and a Sharpe ratio of 0.86 (excess return over 1–3 month T-bills per unit of risk).