First Trust Horizon Managed Volatility Small/Mid ETF
HSMV - ETF AI Analysis
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First Trust Horizon Managed Volatility Small/Mid ETF (HSMV)
HSMV, the First Trust Horizon Managed Volatility Small/Mid ETF, has a solid overall rating driven mainly by strong, income-oriented infrastructure and energy names like Antero Midstream and DT Midstream, which combine good profitability, supportive technical trends, and appealing dividends. Real estate and industrial holdings such as Phillips Edison, InvenTrust Properties, and GATX further support the fund with stable growth profiles, though some positions with bearish momentum or cash flow and valuation concerns, like OGE Energy and Ellington Financial, modestly weigh on the rating. The main risk factor is exposure to potential overvaluation and sector-specific challenges in areas like midstream energy and real estate, which could increase volatility if market conditions worsen.
HSMV vs. SPDR S&P 500 ETF (SPY)
- AUM
- 5.53M
- Region
- North America
- Expense Ratio
- 0.80%
- Beta
- 0.40
- Issuer
- First Trust
- Inception Date
- Apr 06, 2020
- Dividend Yield
- 4.43%
- Asset Class
- Equity
- Index Tracked
- No Underlying Index
HSMV Summary
HSMV is an ETF that invests in smaller and mid-sized U.S. companies, using a “managed volatility” approach that aims to smooth out some of the ups and downs. It doesn’t track a specific index, but instead builds a diversified mix across many sectors like real estate, financials, and industrials. Well-known holdings include Dolby Laboratories and Ingredion. Someone might consider HSMV for long-term growth and diversification beyond large, well-known stocks, while trying to keep swings a bit more controlled. A key risk is that small and mid-sized stocks can still be quite volatile and may fall sharply during market downturns.
How much will it cost me?
This ETF has an expense ratio of 0.80%, which means you’ll pay about $8 per year for every $1,000 invested. That’s higher than the average ETF because it’s actively managed with a special “managed volatility” strategy rather than simply tracking a basic index.
What would affect this ETF?
HSMV could benefit if the U.S. economy grows steadily, supporting small and mid-sized companies in sectors like real estate, financials, and industrials, and if market volatility stays moderate so its managed volatility approach can work as intended. On the downside, rising interest rates or a slowdown in the U.S. economy could hurt interest-sensitive areas such as real estate and utilities, while company-specific issues at top holdings like Ingredion, Dolby, or Antero Midstream could also weigh on the ETF’s performance.
HSMV Top 10 Holdings
HSMV is leaning into a U.S. small- and mid-cap mix with a clear tilt toward real estate, financials, and utilities, and a handful of names are setting the tone. Innospec and OGE Energy have been rising, giving the fund a helpful lift, while Balchem and Antero Midstream are steady contributors with more modest gains. On the other side of the ledger, Ellington Financial and especially Starwood Property are dragging performance, as both have been lagging lately. Overall, the fund feels diversified but still sensitive to rate-driven real estate and income-focused financials.
| Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
 DLB | Dolby Laboratories | 2.19% | $120.59K | $6.06B | -1.69% | 74Outperform |
 INGR | Ingredion | 2.14% | $118.08K | $5.73B | -15.08% | 65Neutral |
 PECO | Phillips Edison & Company | 1.73% | $95.22K | $5.81B | 18.19% | 75Outperform |
 BCPC | Balchem | 1.57% | $86.82K | $5.51B | 11.01% | 75Outperform |
 AM | Antero Midstream | 1.55% | $85.53K | $9.34B | 11.28% | 78Outperform |
 OGE | OGE Energy | 1.43% | $78.75K | $10.53B | 12.54% | 67Neutral |
 EFC | Ellington Financial | 1.35% | $74.26K | $1.47B | -19.87% | 72Outperform |
 DTM | DT Midstream | 1.35% | $74.38K | $12.11B | 3.85% | 78Outperform |
 IVT | InvenTrust Properties | 1.26% | $69.75K | $2.50B | 13.40% | 73Outperform |
 GATX | GATX | 1.28% | $70.56K | $6.53B | 20.31% | 76Outperform |
HSMV Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For HSMV, the sentiment is Positive. The current price of 36.78 is above the 20-day moving average (MA) of 36.44, above the 50-day MA of 36.22, and above the 200-day MA of 36.52, indicating a bullish trend. The MACD of 0.20 indicates Negative momentum. The RSI at 54.81 is Neutral, neither overbought nor oversold. The STOCH value of 60.19 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for HSMV.
HSMV Peer Comparison
Comparison Results
| Name | Price | Price Target | AUM | Expense Ratio | Overall Rating |
|---|---|---|---|---|---|
| HSMV | $36.78 | $40.00(8.76% Upside) | $5.53M | 0.80% | 71Outperform |
 POMG | $27.85 | $34.02(22.15% Upside) | $79.20M | 0.68% | 66Neutral |
 MYLD | $33.32 | $37.80(13.45% Upside) | $54.01M | 0.62% | 68Neutral |
 BCSM | $25.29 | $31.96(26.39% Upside) | $37.38M | 0.75% | 59Neutral |
 IVSS | $30.66 | $37.07(20.93% Upside) | $30.41M | 0.59% | 68Neutral |
 BRSM | $25.79 | $31.12(20.65% Upside) | $27.60M | 0.38% | 66Neutral |
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| HSMV | First Trust Horizon Managed Volatility Small/Mid ETF | 36.78 | 2.52 | 7.36% | |
| POMG | PRIMECAP Odyssey Discovery ETF | 27.85 | 2.33 | 9.13% | |
| MYLD | Cambria Micro and SmallCap Shareholder Yield ETF | 33.32 | 8.46 | 34.02% | |
| BCSM | Baron SMID Cap ETF | 25.29 | 0.99 | 4.06% | |
| IVSS | Applied Finance IVS US SMID ETF | 30.66 | 5.44 | 21.56% | |
| BRSM | MFS Blended Research Small-Mid Cap ETF | 25.79 | 0.75 | 3.00% |
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.