HDMV vs BAVA
Comparison between FIRST TRUST HORIZON MANAGED VOLATILITY DEVELOPED INTERNATIONAL ETF (HDMV, ETF) and Bitwise Avalanche ETF (BAVA, ETF).
HDMV vs BAVA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
Net Assets
HDMV
$17M
BAVA
$17M
Expense Ratio
HDMV
0.80%
Winner
BAVA
0.34%
Max Drawdown
Winner
HDMV
35.47%
BAVA
40.15%
Sharpe Ratio
Winner
HDMV
0.94
BAVA
-2.41
5Y Beta
Winner
HDMV
0.34
BAVA
2.21
5Y Dividends CAGR
HDMV
16.75%
BAVA
N/A
HDMV vs BAVA - Historical Returns
Returns include dividend reinvestment.
1M
HDMV
+3.98%
Winner
BAVA
+6.29%
3M
Winner
HDMV
+2.81%
BAVA
-27.53%
6M
HDMV
+8.36%
BAVA
N/A
1Y
HDMV
+14.36%
BAVA
N/A
5Y(CAGR)
HDMV
+7.45%
BAVA
N/A
10Y(CAGR)
HDMV
+5.83%
BAVA
N/A
Max(CAGR)
Winner
HDMV
+5.83%
BAVA
-73.29%
HDMV vs BAVA - Annual Returns (2016 - 2026)
Returns include dividend reinvestment.
| Year | HDMV | BAVA |
|---|---|---|
| 2026 | +9.44% | -29.57% |
| 2025 | +29.47% | N/A |
| 2024 | +3.73% | N/A |
| 2023 | +9.20% | N/A |
| 2022 | -11.73% | N/A |
| 2021 | +6.50% | N/A |
| 2020 | -9.82% | N/A |
| 2019 | +15.28% | N/A |
| 2018 | -8.15% | N/A |
| 2017 | +27.37% | N/A |
| 2016 | -6.40% | N/A |
HDMV vs BAVA Drawdown Comparison
The maximum drawdown for HDMV was -32.01%, occurring on Mar 23, 2020. Recovery took 1153 trading sessions.
The maximum drawdown for BAVA was -40.15%, occurring on Jun 25, 2026. This drawdown has not yet recovered.
The current HDMV drawdown is -0.86%. The current BAVA drawdown is -34.74%.
| Rank | HDMV | BAVA |
|---|---|---|
| #1 | -32.01% Jan 17, 2020 - Aug 19, 2024 | -40.15% May 11, 2026 - Jun 25, 2026 |
| #2 | -15.27% Jan 26, 2018 - Dec 16, 2019 | -8.30% Apr 16, 2026 - May 8, 2026 |
| #3 | -10.33% Sep 24, 2024 - Mar 5, 2025 | N/A |
| #4 | -9.79% Sep 7, 2016 - Mar 27, 2017 | N/A |
| #5 | -8.73% Feb 27, 2026 - Mar 27, 2026 | N/A |
| #6 | -8.33% Apr 3, 2025 - Apr 15, 2025 | N/A |
| #7 | -4.00% Aug 22, 2025 - Dec 19, 2025 | N/A |
| #8 | -3.45% Jul 23, 2025 - Aug 13, 2025 | N/A |
| #9 | -2.92% May 6, 2025 - May 19, 2025 | N/A |
| #10 | -2.66% Jun 2, 2017 - Jul 19, 2017 | N/A |
| #11 | -1.91% Jun 12, 2025 - Jul 1, 2025 | N/A |
| #12 | -1.79% Aug 3, 2017 - Sep 7, 2017 | N/A |
| #13 | -1.72% Nov 8, 2017 - Nov 24, 2017 | N/A |
| #14 | -1.68% Jul 2, 2025 - Jul 22, 2025 | N/A |
| #15 | -1.29% Sep 11, 2017 - Oct 10, 2017 | N/A |
Correlation
Correlation between HDMV and BAVA is -0.46 which considered as a weak negative correlation - the stocks show a slight tendency to move in opposite directions.
-0.46
-101
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