HDMV vs IVV
First Trust Horizon Managed Volatility Developed International ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HDMV | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.80% | 0.03% | |
| AUM | $17M | $907.0B | |
| Dividend Yield | 3.99% | 1.10% | |
| Holdings | 163 | 508 | |
| YTD Return | +11.22% | +14.29% | |
| 1Y Return | +14.22% | +21.79% | |
| 3Y Return (annualized) | +15.88% | +22.19% | |
| 5Y Return (annualized) | +7.22% | +13.28% | |
| Volatility (annualized) | 12.8% | 15.1% | |
| Max Drawdown | -35.5% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Aug 24, 2016 | May 15, 2000 |
HDMV vs IVV Performance
First Trust Horizon Managed Volatility Developed International ETF (HDMV) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HDMV returned +14.22% while IVV returned +21.79%. Year to date, HDMV is up 11.22% versus a gain of 14.29% for IVV.
Over three years, HDMV compounded at +15.88% per year against +22.19% for IVV; over five years the annualized figures are +7.22% and +13.28% respectively. Across the full 10-year window we track, IVV has the edge at +7.06% annualized vs +4.76%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 12.8% for HDMV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -35.5% for HDMV and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.66. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HDMV charges 0.80% per year while IVV charges 0.03%. On a $10,000 position that is $80 vs $3 annually, a gap of $77 per year that compounds over a long holding period. On income, HDMV currently yields 3.99% against 1.10% for IVV.
Holdings Overlap
HDMV and IVV share 0 holdings out of 654 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HDMV or IVV?
HDMV has an expense ratio of 0.80% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $77 per year of difference.
Which performed better, HDMV or IVV?
Over the past year HDMV returned +14.22% vs +21.79% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (10 years), HDMV annualized +4.76% vs +7.06% for IVV. Past performance does not guarantee future results.
Which is riskier, HDMV or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 12.8% for HDMV. Worst drawdown: HDMV -35.5% vs IVV -56.5%.
Should I hold both HDMV and IVV?
HDMV and IVV have a monthly-return correlation of 0.66, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HDMV and IVV?
HDMV and IVV share 0 common holdings with a 0.0% weight overlap. Combined, they hold 654 unique securities.
Which pays a higher dividend, HDMV or IVV?
HDMV yields 3.99% while IVV yields 1.10%, so HDMV currently pays the higher dividend yield.
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