Summary
First Trust Horizon Managed Volatility Small/Mid ETF is an ETF - a fund traded on an exchange like a stock - run by First Trust. Positions inside: 151. The ten largest make up 16% of the fund.
- Yearly costs
- 0.80%
- Fund size
- $5.41M
- Positions
- 151
- Dividend yield
- 4.51%
- Running since
- 2020
What speaks for it
- Widely spread: the ten largest positions make up only 16% of the fund.
What to watch
- 98% of the fund is in one country (United States).
- Costs of 0.80% a year are above the middle of comparable funds (0.44%).
- A small fund with $5.41M under management; small funds get closed more often.
- It trades little: only about $568.7K changes hands a day.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -2.9%
- 3 months
- -8.0%
- This year
- +1.2%
- 1 year
- +0.9%
- 3 years
- +25%
- 5 years
- +8.3%
- Avg. market cap
- $7.12B
- P/E
- 17.9x
- Forward P/E
- 15.3x
- P/S
- 1.6x
- P/B
- 2.1x
- P/FCF
- 15.2x
- EV/EBITDA
- 11.2x
- Dividend yield
- 2.86%
- ROIC
- 8.8%
- ROE
- 15.5%
- Gross margin
- 43.5%
- Operating margin
- 24.3%
- Net margin
- 16.8%
- Payout ratio
- 51.2%
- Net debt/EBITDA
- 3.9x
- Beta
- 0.59
Weighted average of the 50 largest companies, which make up 59% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 INIngredion Incorporated INGR 2.3%
- 2 DLDolby DLB 2.1%
- 3 PEPhillips Edison & Company, Inc. PECO 1.6%
- 4 AMAntero Midstream Corporation AM 1.6%
- 5 BCBalchem Corporation BCPC 1.6%
- 6 GGGraco Inc. GGG 1.5%
- 7 EFEllington Financial Inc. EFC 1.4%
- 8 DTDT Midstream, Inc. DTM 1.4%
- 9 OGOGE Energy Corp. OGE 1.4%
- 10 IOInnospec IOSP 1.3%
Positions in the fund: 151. The ten largest make up 16% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Real estate 21%
- Financials 18%
- Industrials 13%
- Utilities 12%
- Consumer defensive 10%
- Other 26%
By country
- United States 98%
- Sweden 1.0%
- Bermuda 0.9%
- Other countries 0.2%
By company size
- Large cap 21%
- Mid cap 68%
- Small cap 11%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Real estate (21%). Largest country: United States (98%). Largest size group: Mid cap (68%).
What does it cost me?
Expensive- A year from $10,000
- $80.00
- Over 20 years
- $3,763
From every $10,000 invested the fund takes $80.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $3,763.
How has it done?
Growing slowly- A year on average, 5 years
- +1.6%
- Deepest drop
- -20%
- Yearly volatility
- 11%
Average yearly growth over the last five years: 1.6%. Deepest drop in these years: 20% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 4.51%
- Payments a year
- 4
- Last payment
- $1.05
Over the last 12 months it paid $1.63 per share, which is 4.51% of today's price. The last payment was $1.05 on Sep 24, 2026.
Is it easy to buy and sell?
It trades little- Traded a day
- $568.7K
- Shares a day
- 16K
On an average day about $568.7K of the fund changes hands.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 17.9
- Average Bulios Score
- 66 out of 100
Weight by Bulios Fair Price
- Undervalued 32%
- Fairly valued 16%
- Overvalued 52%
On average the companies inside trade for 17.9 times their yearly profit. By Fair Price, 52% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 59% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Similar funds
Funds that hold much of the same. The overlap says how much of their weight they share with this fund.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
XM XMLV Invesco S&P MidCap Low Volatility ETF | United States | 0.25% | $708.4M | +2.9% | Pays out | 40% |
SM SMMV iShares MSCI USA Small-Cap Min Vol Factor ETF | United States | 0.20% | $274.8M | +7.4% | Pays out | 31% |
RE REGL ProShares - S&P MidCap 400 Dividend Aristocrats ETF | United States | 0.40% | $1.69B | +6.9% | Pays out | 31% |
XS XSLV Invesco S&P SmallCap Low Volatility ETF | United States | 0.25% | $233.8M | +8.7% | Pays out | 28% |
SI SIXL ETC 6 Meridian Low Beta Equity ETF | United States | 0.31% | $203.9M | +7.7% | Pays out | 25% |
DO DON WisdomTree U.S. MidCap Dividend Fund | United States | 0.38% | $3.88B | +9.5% | Pays out | 21% |