HSMV vs CAAA
Comparison between FIRST TRUST HORIZON MANAGED VOLATILITY SMALL/MID ETF (HSMV, ETF) and FIRST TRUST AAA CMBS ETF (CAAA, ETF).
HSMV vs CAAA - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
HSMV vs CAAA - Holdings Comparison
HSMV and CAAA have 0 common holdings. Overlap is 0.00%
HSMV's top 25 holdings weight is 32.71%. CAAA's top 25 holdings weight is 4.13%.
| Rank | HSMV | CAAA |
|---|---|---|
| #1 | n/a (PECO) - 2.17% | MORGAN STANLEY INSTL LQUDTY TRS INSTL (MISXX) - 4.13% |
| #2 | OGE ENERGY CORP (OGE) - 2.07% | N/A |
| #3 | ELLINGTON FINANCIAL INC (EFC) - 1.61% | N/A |
| #4 | IDACORP INC (IDA) - 1.59% | N/A |
| #5 | INGREDION INC (INGR) - 1.55% | N/A |
| #6 | NNN REIT INC (NNN) - 1.54% | N/A |
| #7 | STARWOOD PROPERTY TRUST INC (STWD) - 1.45% | N/A |
| #8 | AGREE REALTY CORP (ADC) - 1.38% | N/A |
| #9 | FOUR CORNERS PROPERTY TRUST INC (FCPT) - 1.36% | N/A |
| #10 | DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.28% | N/A |
| #11 | GRACO INC (GGG) - 1.21% | N/A |
| #12 | MONARCH CASINO & RESORT INC (MCRI) - 1.21% | N/A |
| #13 | GRANITE CONSTRUCTION INC (GVA) - 1.21% | N/A |
| #14 | ANTERO MIDSTREAM CORP (AM) - 1.20% | N/A |
| #15 | GATX CORP (GATX) - 1.18% | N/A |
| #16 | THE HANOVER INSURANCE GROUP INC (THG) - 1.17% | N/A |
| #17 | RELIANCE INC (RS) - 1.16% | N/A |
| #18 | CITY HOLDING CO (CHCO) - 1.09% | N/A |
| #19 | WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 1.08% | N/A |
| #20 | SERVICE CORP INTERNATIONAL (SCI) - 1.07% | N/A |
| #21 | W.P. CAREY INC (WPC) - 1.07% | N/A |
| #22 | ANNALY CAPITAL MANAGEMENT INC (NLY) - 1.03% | N/A |
| #23 | BALCHEM CORP (BCPC) - 1.02% | N/A |
| #24 | ONE GAS INC (OGS) - 1.01% | N/A |
| #25 | NEW JERSEY RESOURCES CORP (NJR) - 1.00% | N/A |
| Total Holdings | 151 | 1 |
HSMV vs CAAA - Historical Returns
Returns include dividend reinvestment.
HSMV vs CAAA - Annual Returns (2020 - 2026)
Returns include dividend reinvestment.
| Year | HSMV | CAAA |
|---|---|---|
| 2026 | +9.61% | +0.89% |
| 2025 | +2.19% | +7.92% |
| 2024 | +13.29% | +4.65% |
| 2023 | +4.87% | N/A |
| 2022 | -9.51% | N/A |
| 2021 | +25.06% | N/A |
| 2020 | +34.69% | N/A |
HSMV vs CAAA Drawdown Comparison
The maximum drawdown for HSMV was -19.16%, occurring on Sep 30, 2022. Recovery took 590 trading sessions.
The maximum drawdown for CAAA was -2.24%, occurring on Nov 13, 2024. Recovery took 107 trading sessions.
The current HSMV drawdown is -1.30%. The current CAAA drawdown is -0.74%.
| Rank | HSMV | CAAA |
|---|---|---|
| #1 | -19.16% Jan 4, 2022 - May 10, 2024 | -2.24% Sep 17, 2024 - Feb 21, 2025 |
| #2 | -15.45% Nov 25, 2024 - Feb 6, 2026 | -2.08% Feb 17, 2026 - Mar 27, 2026 |
| #3 | -9.48% Aug 12, 2020 - Nov 9, 2020 | -1.63% Mar 27, 2024 - Jun 3, 2024 |
| #4 | -8.83% Jun 8, 2020 - Aug 7, 2020 | -1.47% Apr 4, 2025 - Apr 28, 2025 |
| #5 | -8.59% Apr 29, 2020 - May 26, 2020 | -1.01% Sep 15, 2025 - Oct 27, 2025 |
| #6 | -7.83% Mar 2, 2026 - Jun 26, 2026 | -0.97% May 1, 2025 - Jun 4, 2025 |
| #7 | -6.87% Nov 15, 2021 - Dec 28, 2021 | -0.90% Aug 5, 2024 - Aug 21, 2024 |
| #8 | -5.35% Jul 30, 2024 - Aug 23, 2024 | -0.83% Nov 28, 2025 - Jan 12, 2026 |
| #9 | -4.86% Sep 2, 2021 - Oct 21, 2021 | -0.83% Jun 30, 2025 - Aug 1, 2025 |
| #10 | -4.38% Apr 9, 2020 - Apr 27, 2020 | -0.79% Mar 8, 2024 - Mar 27, 2024 |
| #11 | -4.35% Jun 11, 2021 - Aug 27, 2021 | -0.72% Jun 18, 2024 - Jul 5, 2024 |
| #12 | -4.07% Jan 25, 2021 - Feb 5, 2021 | -0.62% Jun 6, 2024 - Jun 13, 2024 |
| #13 | -3.93% Mar 15, 2021 - Apr 5, 2021 | -0.59% Jul 16, 2024 - Jul 31, 2024 |
| #14 | -3.84% May 15, 2024 - Jul 11, 2024 | -0.56% Jan 12, 2026 - Feb 5, 2026 |
| #15 | -3.79% May 7, 2021 - Jun 8, 2021 | -0.53% Oct 27, 2025 - Nov 18, 2025 |
Correlation
Correlation between HSMV and CAAA is 0.81 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2020 - 2026)
HSMV vs CAAA dividend yield comparison.
| Year | HSMV | CAAA |
|---|---|---|
| 2026 | 0.69% | 2.55% |
| 2025 | 2.01% | 6.09% |
| 2024 | 1.43% | 4.01% |
| 2023 | 1.43% | 0.00% |
| 2022 | 1.26% | 0.00% |
| 2021 | 0.76% | 0.00% |
| 2020 | 0.80% | 0.00% |
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