Q: Does Hyper-V have a feature like VMware's Distributed Resource Scheduling and its vMotion?

A: Yes, it does. vMotion is VMware's zero-downtime virtual machine (VM) migration technology that allows a VM to be moved between ESX hosts without any interruption to the services it provides. Hyper-V has the same ability through its Live Migration technology, allowing VMs to be moved between hosts in a Failover Cluster without downtime.

Distributed Resources Scheduler (DRS) is a vCenter capability available in the Enterprise and above vSphere 5 editions. It continually monitors resource usage within a pool of ESX hosts and dynamically moves VMs between hosts to ensure resource usage is balanced and VMs have the resources they need.

An example of DRS usage would be when an ESX host is heavily utilized and another ESX host has plenty of spare capacity: DRS would move VMs from the heavily utilized ESX host to the idle ESX host to balance resource use. The VM moves leverage vMotion, so there is no service downtime as the VMs are moved.

Hyper-V with System Center has the same capability, integrating with System Center Operations Manager, which provides the monitoring of resource utilization of the Hyper-V hosts and VMs, then passes resource utilization to System Center Virtual Machine Manager (VMM).

Through the Performance Resource Optimization (PRO) feature, VMM makes recommendations about the re-distribution of VMs that can automatically be auctioned, moving VMs with no downtime, using Live Migration.