HUSV vs PHDG
HUSV vs PHDG
First Trust Horizon Managed Volatility Domestic ETF vs Invesco S&P 500 Downside Hedged ETF
Quick Verdict
PHDG has a lower expense ratio. PHDG delivered stronger 1-year returns. PHDG offers more diversification with 494 holdings.
Side-by-Side Comparison
| Metric | HUSV | PHDG | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.39% | |
| AUM | $74M | $61M | |
| Dividend Yield | 1.37% | 1.68% | |
| Holdings | 101 | 514 | |
| YTD Return | +8.58% | +13.02% | |
| 1Y Return | +5.89% | +18.49% | |
| 3Y Return (annualized) | +9.95% | +9.60% | |
| 5Y Return (annualized) | +6.22% | +4.75% | |
| Volatility (annualized) | 13.2% | 9.9% | |
| Max Drawdown | -35.7% | -23.6% | |
| Fund Family | First Trust Portfolios (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Aug 24, 2016 | Dec 5, 2012 |
HUSV vs PHDG Performance
First Trust Horizon Managed Volatility Domestic ETF (HUSV) is a ETF from First Trust Portfolios (US) and Invesco S&P 500 Downside Hedged ETF (PHDG) is a ETF from Invesco (US). Over the past year HUSV returned +5.89% while PHDG returned +18.49%. Year to date, HUSV is up 8.58% versus a gain of 13.02% for PHDG.
Over three years, HUSV compounded at +9.95% per year against +9.60% for PHDG; over five years the annualized figures are +6.22% and +4.75% respectively. Across the full 10-year window we track, HUSV has the edge at +8.52% annualized vs +4.45%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HUSV has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 9.9% for PHDG. 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 -35.7% for HUSV and -23.6% for PHDG. 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 0.40. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HUSV charges 0.70% per year while PHDG charges 0.39%. On a $10,000 position that is $70 vs $39 annually, a gap of $31 per year that compounds over a long holding period. On income, HUSV currently yields 1.37% against 1.68% for PHDG.
Holdings Overlap
HUSV and PHDG share 96 holdings out of 499 unique holdings combined, representing a 16.6% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in HUSV | Weight in PHDG | Difference |
|---|---|---|---|
| AAPL | 2.92% | 4.98% | 2.06% |
| MSFT | 2.35% | 3.30% | 0.95% |
| CSCO | 3.44% | 0.56% | 2.88% |
| GEN | Pro | Pro | Pro |
| VRSN | Pro | Pro | Pro |
| KO | Pro | Pro | Pro |
| JNJ | Pro | Pro | Pro |
| ROP | Pro | Pro | Pro |
| TDY | Pro | Pro | Pro |
| MSI | Pro | Pro | Pro |
See all 10 holdings HUSV shares with PHDG Exact weights in each fund and the difference, for every overlapping position. Get FundXLS Pro: $29/moFirst 500 subscribers, then $49/mo. Cancel anytime. | |||
Frequently Asked Questions
Which is cheaper, HUSV or PHDG?
HUSV has an expense ratio of 0.70% while PHDG charges 0.39%. PHDG is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, HUSV or PHDG?
Over the past year HUSV returned +5.89% vs +18.49% for PHDG, so PHDG leads on 1-year performance. Over the longest common window we track (10 years), HUSV annualized +8.52% vs +4.45% for PHDG. Past performance does not guarantee future results.
Which is riskier, HUSV or PHDG?
HUSV has been the more volatile fund at 13.2% annualized versus 9.9% for PHDG. Worst drawdown: HUSV -35.7% vs PHDG -23.6%.
Should I hold both HUSV and PHDG?
HUSV and PHDG have a monthly-return correlation of 0.40, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HUSV and PHDG?
HUSV and PHDG share 96 common holdings with a 16.6% weight overlap. Combined, they hold 499 unique securities.
Which pays a higher dividend, HUSV or PHDG?
HUSV yields 1.37% while PHDG yields 1.68%, so PHDG currently pays the higher dividend yield.
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