HUSV vs TLTP
First Trust Horizon Managed Volatility Domestic ETF vs Amplify TLT US Treasury 12% Option Income ETF
Quick Verdict
TLTP has a lower expense ratio. HUSV delivered stronger 1-year returns. HUSV offers more diversification with 102 holdings.
Side-by-Side Comparison
| Metric | HUSV | TLTP | Winner |
|---|---|---|---|
| Expense Ratio | 0.70% | 0.39% | |
| AUM | $85M | $25M | |
| Dividend Yield | 1.27% | 15.05% | |
| Holdings | 102 | 5 | |
| YTD Return | +8.08% | -9.10% | |
| 1Y Return | +5.31% | -7.61% | |
| 3Y Return (annualized) | +9.97% | - | |
| 5Y Return (annualized) | +5.72% | - | |
| Volatility (annualized) | 13.2% | 8.6% | |
| Max Drawdown | -35.7% | -12.7% | |
| Fund Family | First Trust Portfolios (US) | Amplify ETFs | |
| Category | Equity | Alternative | |
| Inception | Aug 24, 2016 | Oct 29, 2024 |
HUSV vs TLTP Performance
First Trust Horizon Managed Volatility Domestic ETF (HUSV) is a ETF from First Trust Portfolios (US) and Amplify TLT US Treasury 12% Option Income ETF (TLTP) is a ETF from Amplify ETFs. Over the past year HUSV returned +5.31% while TLTP returned -7.61%. Year to date, HUSV is up 8.08% versus a loss of 9.10% for TLTP.
Risk: Volatility and Drawdowns
HUSV has been the more volatile fund, with annualized monthly volatility of 13.2% compared with 8.6% for TLTP. 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 -12.7% for TLTP. 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 0.39. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HUSV charges 0.70% per year while TLTP 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 1.27% against 15.05% for TLTP.
Holdings Overlap
HUSV and TLTP share 0 holdings out of 104 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, HUSV or TLTP?
HUSV has an expense ratio of 0.70% while TLTP charges 0.39%. TLTP is the cheaper option. On a $10,000 investment, that is $31 per year of difference.
Which performed better, HUSV or TLTP?
Over the past year HUSV returned +5.31% vs -7.61% for TLTP, so HUSV leads on 1-year performance. Over the longest common window we track (2 years), HUSV annualized +8.45% vs -5.19% for TLTP. Past performance does not guarantee future results.
Which is riskier, HUSV or TLTP?
HUSV has been the more volatile fund at 13.2% annualized versus 8.6% for TLTP. Worst drawdown: HUSV -35.7% vs TLTP -12.7%.
Should I hold both HUSV and TLTP?
HUSV and TLTP have a monthly-return correlation of 0.39, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HUSV and TLTP?
HUSV and TLTP share 0 common holdings with a 0.0% weight overlap. Combined, they hold 104 unique securities.
Which pays a higher dividend, HUSV or TLTP?
HUSV yields 1.27% while TLTP yields 15.05%, so TLTP currently pays the higher dividend yield.
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