HSMV vs HFND

Comparison between FIRST TRUST HORIZON MANAGED VOLATILITY SMALL/MID ETF (HSMV, ETF) and UNLIMITED HFND MULTI-STRATEGY RETURN TRACKER ETF (HFND, ETF).

HSMV vs HFND - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	HSMV(ETF)	HFND(ETF)
Net Assets	$35M	$35M
Expense Ratio	0.80%	1.07%
Max Drawdown	19.84%	15.44%
Sharpe Ratio	0.68	1.01
5Y Beta	0.50	0.52
P/E Ratio	16.44	N/A
Forward P/E	15.21	N/A
5Y Dividends CAGR	23.96%	N/A
5Y EPS CAGR	6.45%	N/A
Debt to Equity	48.17%	N/A
P/S Ratio	1.64	N/A
P/B Ratio	1.77	N/A

Net Assets

HSMV

$35M

Winner

HFND

$35M

Expense Ratio

Winner

HSMV

0.80%

HFND

1.07%

Max Drawdown

HSMV

19.84%

Winner

HFND

15.44%

Sharpe Ratio

HSMV

0.68

Winner

HFND

1.01

5Y Beta

Winner

HSMV

0.50

HFND

0.52

P/E Ratio

HSMV

16.44

HFND

N/A

Forward P/E

HSMV

15.21

HFND

N/A

5Y Dividends CAGR

HSMV

23.96%

HFND

N/A

5Y EPS CAGR

HSMV

6.45%

HFND

N/A

Debt to Equity

HSMV

48.17%

HFND

N/A

P/S Ratio

HSMV

1.64

HFND

N/A

P/B Ratio

HSMV

1.77

HFND

N/A

HSMV vs HFND - Holdings Comparison

HSMV and HFND have 1 common holdings. Overlap is -37.61%

HSMV's top 25 holdings weight is 32.71%. HFND's top 25 holdings weight is 160.96%.

Rank	HSMV	HFND
#1	n/a (PECO) - 2.17%	FIRST AMERICAN GOVERNMENT OBLIGS X (FGXXX) - 44.30%
#2	OGE ENERGY CORP (OGE) - 2.07%	CBOE HIGH YIELD CORPORATE BOND INDEX FUTURE SEPT 26 (n/a) - 27.29%
#3	ELLINGTON FINANCIAL INC (EFC) - 1.61%	OTHER ASSETS AND LIABILITIES (n/a) - 11.05%
#4	IDACORP INC (IDA) - 1.59%	MSCI EMERGING MARKETS INDEX FUTURE SEPT 26 (n/a) - 9.71%
#5	INGREDION INC (INGR) - 1.55%	VANGUARD VALUE ETF (VTV) - 7.94%
#6	NNN REIT INC (NNN) - 1.54%	EURO STOXX 50 FUTURE SEPT 26 (n/a) - 5.85%
#7	STARWOOD PROPERTY TRUST INC (STWD) - 1.45%	ISHARES AGENCY BOND ETF (AGZ) - 4.92%
#8	AGREE REALTY CORP (ADC) - 1.38%	VANGUARD MID-CAP ETF (VO) - 4.26%
#9	FOUR CORNERS PROPERTY TRUST INC (FCPT) - 1.36%	E-MINI S&P 500 FUTURE SEPT 26 (n/a) - 4.26%
#10	DT MIDSTREAM INC ORDINARY SHARES (DTM) - 1.28%	ISHARES J.P. MORGAN EM HIGH YLD BD ETF (EMHY) - 4.25%
#11	GRACO INC (GGG) - 1.21%	CBOE VIX FUTURE JUL26 (n/a) - 3.90%
#12	MONARCH CASINO & RESORT INC (MCRI) - 1.21%	MSCI EAFE INDEX FUTURE SEPT 26 (n/a) - 3.52%
#13	GRANITE CONSTRUCTION INC (GVA) - 1.21%	VANGUARD GROWTH ETF (VUG) - 3.41%
#14	ANTERO MIDSTREAM CORP (AM) - 1.20%	ISHARES CONVERTIBLE BOND ETF (ICVT) - 3.28%
#15	GATX CORP (GATX) - 1.18%	E-MINI RUSSELL 2000 INDEX FUTURE SEPT 26 (n/a) - 2.93%
#16	THE HANOVER INSURANCE GROUP INC (THG) - 1.17%	NIKKEI/USD FUTURE SEPT 26 (n/a) - 2.88%
#17	RELIANCE INC (RS) - 1.16%	STATE STREET®MATSELSECTSPDR®ETF (XLB) - 2.66%
#18	CITY HOLDING CO (CHCO) - 1.09%	STATE STREET® INDSTRLSELSECTSPDR®ETF (XLI) - 2.30%
#19	WATTS WATER TECHNOLOGIES INC CLASS A (WTS) - 1.08%	BCOM COMDTY IND SEP26 (n/a) - 2.27%
#20	SERVICE CORP INTERNATIONAL (SCI) - 1.07%	STATE STREET® CNSMRDISCSELSECTSPDR®ETF (XLY) - 2.05%
#21	W.P. CAREY INC (WPC) - 1.07%	STATE STREET®TECHSELSECTSPDR®ETF (XLK) - 1.99%
#22	ANNALY CAPITAL MANAGEMENT INC (NLY) - 1.03%	ISHARES IBOXX $ INVMT GRADE CORP BD ETF (LQD) - 1.74%
#23	BALCHEM CORP (BCPC) - 1.02%	STATE STREET®FINSELSECTSPDR®ETF (XLF) - 1.64%
#24	ONE GAS INC (OGS) - 1.01%	AUSTRALIAN DOLLAR FUTURE SEPT 26 (n/a) - 1.37%
#25	NEW JERSEY RESOURCES CORP (NJR) - 1.00%	VANGUARD US MOMENTUM FACTOR ETF (VFMO) - 1.19%
Total Holdings	151	42

HSMV vs HFND - Historical Returns

Returns include dividend reinvestment.

Period	HSMV	HFND
1 month	+4.27%	-1.54%
3 months	+3.47%	+1.60%
6 months	+5.90%	+4.28%
1 year	+11.19%	+13.78%
5 years(CAGR)	+5.14%	N/A
Max(CAGR)	+11.66%	+8.27%

Winner

HSMV

+4.27%

HFND

-1.54%

Winner

HSMV

+3.47%

HFND

+1.60%

Winner

HSMV

+5.90%

HFND

+4.28%

HSMV

+11.19%

Winner

HFND

+13.78%

5Y(CAGR)

HSMV

+5.14%

HFND

N/A

Max(CAGR)

Winner

HSMV

+11.66%

HFND

+8.27%

HSMV vs HFND - Annual Returns (2020 - 2026)

Returns include dividend reinvestment.

Year	HSMV	HFND
2026	+9.61%	+7.94%
2025	+2.19%	+8.87%
2024	+13.29%	+8.97%
2023	+4.87%	+3.78%
2022	-9.51%	+2.38%
2021	+25.06%	N/A
2020	+34.69%	N/A

HSMV vs HFND Drawdown Comparison

The maximum drawdown for HSMV was -19.16%, occurring on Sep 30, 2022. Recovery took 590 trading sessions.

The maximum drawdown for HFND was -13.31%, occurring on Apr 8, 2025. Recovery took 106 trading sessions.

The current HSMV drawdown is -1.30%. The current HFND drawdown is -1.54%.

Rank	HSMV	HFND
#1	-19.16% Jan 4, 2022 - May 10, 2024	-13.31% Feb 19, 2025 - Jul 23, 2025
#2	-15.45% Nov 25, 2024 - Feb 6, 2026	-6.96% Feb 2, 2023 - Feb 15, 2024
#3	-9.48% Aug 12, 2020 - Nov 9, 2020	-5.43% Jul 16, 2024 - Sep 24, 2024
#4	-8.83% Jun 8, 2020 - Aug 7, 2020	-4.94% Feb 25, 2026 - Apr 17, 2026
#5	-8.59% Apr 29, 2020 - May 26, 2020	-4.21% Dec 9, 2024 - Feb 7, 2025
#6	-7.83% Mar 2, 2026 - Jun 26, 2026	-3.70% Mar 28, 2024 - Jul 3, 2024
#7	-6.87% Nov 15, 2021 - Dec 28, 2021	-3.01% Oct 27, 2025 - Dec 10, 2025
#8	-5.35% Jul 30, 2024 - Aug 23, 2024	-2.92% Dec 10, 2025 - Jan 9, 2026
#9	-4.86% Sep 2, 2021 - Oct 21, 2021	-2.58% Jun 2, 2026 - Jun 15, 2026
#10	-4.38% Apr 9, 2020 - Apr 27, 2020	-2.55% Nov 30, 2022 - Jan 11, 2023
#11	-4.35% Jun 11, 2021 - Aug 27, 2021	-2.50% Jun 22, 2026 - Jul 20, 2026
#12	-4.07% Jan 25, 2021 - Feb 5, 2021	-2.33% May 14, 2026 - Jun 1, 2026
#13	-3.93% Mar 15, 2021 - Apr 5, 2021	-2.02% Jan 28, 2026 - Feb 9, 2026
#14	-3.84% May 15, 2024 - Jul 11, 2024	-2.02% Oct 8, 2025 - Oct 23, 2025
#15	-3.79% May 7, 2021 - Jun 8, 2021	-1.92% Oct 22, 2024 - Nov 7, 2024