First Trust Horizon Managed Volatility… (HUSV) Valuation
HUSV valuation today
Holdings combined · company data as of Oct 26, 2026- P/E (TTM)
- 21.9 trailing earnings
- Forward P/E
- 17.8 analyst estimates
- Price / sales
- 3.37
- Price / book
- 2.89
- EV / EBITDA
- 16.1
- Earnings yield
- 4.57% inverse of P/E
- Dividend yield
- 2.09% of the holdings
- Return on equity
- 13.2% combined
- Net margin
- 15.4% combined
- Beta
- 0.74 weighted, vs S&P 500
HUSV valuation vs other stock ETFs
| ETF | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE | Net margin | Loss-makers |
|---|---|---|---|---|---|---|---|---|
| HUSV | 21.9 | 17.8 | 3.37 | 2.89 | 2.09% | 13.2% | 15.4% | 3.0% |
| SPY | 25.9 | 19.9 | 3.67 | 5.47 | 1.08% | 21.1% | 14.2% | 1.9% |
| QQQ | 34.2 | 23.4 | 5.93 | 9.27 | 0.58% | 27.1% | 17.4% | 6.9% |
| DIA | 20.9 | 18.4 | 3.16 | 5.52 | 1.55% | 26.4% | 15.1% | 0.0% |
| VTI | 28.2 | 19.4 | 3.31 | 5.00 | 1.07% | 17.7% | 11.8% | 4.6% |
| IWM | n/m | 13.9 | 1.25 | 2.03 | 1.38% | −1.7% | −1.0% | 28.1% |
Same method for every fund. n/m = not meaningful (combined trailing earnings below zero or close to it). Loss-makers = weight of holdings with negative trailing earnings.
HUSV valuation by sector
| Sector | Weight | P/E | Fwd P/E | P/S | P/B | Div. yield | ROE |
|---|---|---|---|---|---|---|---|
| Technology | 24.3% | 30.8 | 19.6 | 5.91 | 5.51 | 0.73% | 17.9% |
| Financial Services | 18.2% | 12.8 | 12.8 | 2.13 | 1.69 | 1.19% | 13.2% |
| Utilities | 12.2% | 20.6 | 16.7 | 2.79 | 1.88 | 3.31% | 9.1% |
| Real Estate | 11.0% | 22.6 | 23.4 | 7.32 | 1.66 | 5.18% | 7.4% |
| Industrials | 10.8% | 27.3 | 21.9 | 3.79 | 6.05 | 1.56% | 22.2% |
| Consumer Cyclical | 6.3% | 24.2 | 20.6 | 3.13 | 17.16 | 1.90% | 70.8% |
| Consumer Defensive | 6.0% | 28.3 | 23.2 | 2.75 | 9.21 | 2.17% | 32.5% |
| Healthcare | 5.6% | 36.3 | 15.5 | 2.68 | 3.72 | 2.33% | 10.2% |
| Energy | 3.0% | 23.1 | 18.9 | 3.33 | 2.60 | 3.13% | 11.3% |
| Basic Materials | 1.3% | 48.8 | 24.4 | 4.57 | 5.56 | 1.77% | 11.4% |
| Communication Services | 1.1% | 11.7 | 10.2 | 1.45 | 1.70 | 4.39% | 14.5% |
HUSV earnings yield vs bond yields
Earnings yield = earnings ÷ price (1 ÷ P/E). The gap to bond yields is a rough gauge of the extra return stocks are priced to deliver.
How HUSV weight splits by P/E
Share of the covered weight in companies with a trailing P/E in each range.
HUSV largest holdings: valuation
| Symbol | Company | Weight | P/E | Fwd P/E | P/S | Div. yield | Share of earnings |
|---|---|---|---|---|---|---|---|
| BRK.B | Berkshire Hathaway Inc. | 2.59% | 13.4 | 22.7 | 3.0 | — | 4.25% |
| L | Loews Corporation | 2.38% | 13.5 | 12.2 | 1.2 | 0.23% | 3.86% |
| REG | Regency Centers Corporation | 2.36% | 24.7 | 28.9 | 8.1 | 4.12% | 2.10% |
| AFL | Aflac Incorporated | 2.34% | 12.9 | 15.2 | 3.3 | 2.03% | 3.99% |
| AAPL | Apple Inc. | 2.31% | 39.4 | 35.2 | 10.7 | 0.31% | 1.29% |
| MSI | Motorola Solutions, Inc. | 2.28% | 36.5 | 23.9 | 6.3 | 1.05% | 1.37% |
| O | Realty Income Corporation | 2.25% | 40.6 | 33.7 | 8.7 | 5.81% | 1.22% |
| FRT | Federal Realty Investment Trust | 2.17% | 21.5 | 34.7 | 7.0 | 4.36% | 2.22% |
| TRMB | Trimble Inc. | 2.06% | — | 14.0 | 3.7 | — | −0.37% |
| VRSN | VeriSign, Inc. | 2.05% | 32.7 | 27.0 | 16.0 | 1.07% | 1.37% |
| TDY | Teledyne Technologies Incorporated | 1.94% | 29.9 | 23.6 | 4.5 | — | 1.42% |
| ROP | Roper Technologies, Inc. | 1.93% | 15.9 | 15.0 | 4.6 | 0.95% | 2.65% |
| FFIV | F5, Inc. | 1.90% | 35.2 | 24.6 | 7.6 | — | 1.18% |
| ATO | Atmos Energy Corporation | 1.85% | 19.9 | 17.6 | 5.7 | 2.39% | 2.04% |
| ADI | Analog Devices, Inc. | 1.78% | 47.0 | 23.2 | 13.8 | 1.11% | 0.83% |
| NVDA | NVIDIA Corporation | 1.72% | 27.1 | 24.9 | 17.1 | 0.47% | 1.40% |
| TEL | TE Connectivity Ltd. | 1.68% | 20.8 | 16.6 | 3.2 | 1.47% | 1.77% |
| KIM | Kimco Realty Corporation | 1.66% | 27.0 | 27.5 | 7.0 | 4.89% | 1.36% |
| CSCO | Cisco Systems, Inc. | 1.65% | 32.2 | 19.8 | 6.7 | 1.56% | 1.12% |
| ADSK | Autodesk, Inc. | 1.62% | 31.1 | 17.6 | 6.4 | — | 1.14% |
| GEN | Gen Digital Inc. | 1.36% | 14.1 | 9.3 | 2.8 | 2.07% | 2.12% |
| WEC | WEC Energy Group, Inc. | 1.35% | 21.1 | 16.9 | 3.5 | 3.50% | 1.40% |
| FE | FirstEnergy Corp. | 1.34% | 24.6 | 14.7 | 1.7 | 4.03% | 1.19% |
| EVRG | Evergy, Inc. | 1.33% | 21.2 | 19.5 | 3.2 | 3.34% | 1.38% |
| KMI | Kinder Morgan, Inc. | 1.31% | 22.1 | 20.0 | 4.2 | 3.45% | 1.30% |
Share of earnings = the holding's part of the fund's combined trailing profit. Green: earns more than its weight; orange: less. Symbol links go to each company's key metrics.
About HUSV valuation
Adding up its 100 holdings with company data, HUSV trades at 21.9 times trailing earnings and 17.8 times analysts' forward estimates, with a price-to-book ratio of 2.89 and a dividend yield of 2.09%. Its earnings yield of 4.57% is 0.75 percentage points below the 5.33% yield to maturity of the U.S. bond market (AGG).
The ten largest holdings are 22.8% of the fund and earn 21.3% of its combined profit. By sector, Basic Materials is the most expensive at 48.8 times earnings and Communication Services the cheapest at 11.7. Companies that lost money over the past year are 3.0% of the covered weight.
How these figures are calculated. Each ratio treats the fund as one company: the earnings, sales and book value of every holding are added up in proportion to its weight and divided into the fund's price. In practice that is a weighted harmonic mean, so a single stock with a very high P/E cannot distort the result, and loss-making companies reduce the fund's earnings instead of being dropped. Covers 100.0% of the fund's weight (U.S.-listed stocks with company data); company figures as of October 26, 2026.
Related: HUSV chart, HUSV performance, HUSV holdings, HUSV dividends.
HUSV valuation FAQ
What is the P/E ratio of HUSV?
Based on its holdings, HUSV has a trailing P/E of 21.9 and a forward P/E of 17.8 (earnings of all covered holdings combined in proportion to their weights, as of October 26, 2026).
What is the earnings yield of HUSV?
The trailing earnings yield is 4.57% (1 ÷ P/E) and the forward earnings yield 5.62%. For comparison the U.S. bond market (AGG) yields 5.33% to maturity and T-bills about 3.91%.
Is HUSV more expensive than the S&P 500?
HUSV trades at 21.9 times trailing earnings versus 25.9 for the S&P 500 (SPY); on forward estimates the figures are 17.8 and 19.9.
What is the price-to-book ratio of HUSV?
The holdings of HUSV trade at 2.89 times book value, with a combined return on equity of 13.2%.
Which sector in HUSV has the highest P/E?
Basic Materials has the highest P/E at 48.8 and Communication Services the lowest at 11.7.