DDIV
First Trust Dorsey Wright Momentum & Dividend ETF
The First Trust Dorsey Wright Momentum & Dividend ETF (formerly the First Trust RBA Quality Income ETF) tracks the Dorsey Wright Momentum Plus Dividend Yield Index, a rules-based equity index which holds the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength.
Fund Basics
Fund sponsor | First Trust Advisors LP |
Category | US Equities |
Asset class | Equity |
Website | link... |
Inception date | Mar 10, 2014 |
Assets (mns) | $44 |
Expense ratio | 60 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Multi-Factor |
Weighting | Proprietary |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
Complete list +
STARWOOD PROPERTY TRUST INC | 5.5 % |
ONEMAIN HOLDINGS, INC. | 5.3 % |
ONEOK INC | 4.1 % |
SIMON PROPERTY GROUP INC | 4.0 % |
LAMAR ADVERTISING COMPANY CLASS A | 3.6 % |
OLD REPUBLIC INTL CORP | 3.0 % |
INTL BUSINESS MACHINES CORP | 2.9 % |
RYMAN HOSPITALITY PROPERTIES | 2.8 % |
DARDEN RESTAURANTS INC | 2.8 % |
TAPESTRY, INC. | 2.7 % |
Constituent Breakdown
Number of holdings | 51 |
Herfindahl-Hirschman Index | 251 |
Wgt avg mkt cap (mns) | $48,993 |
Large cap (>$10bn) | 63.8% |
Mid cap ($2-10bn) | 36.2% |
Small cap (<$2bn) | 0.0% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
UNITED STATES | 92.6 % | |
IRELAND | 2.5 % | |
SWITZERLAND | 1.3 % | |
NETHERLANDS | 0.7 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
12.5% | 27.4% | 4.7% | 8.9% | 10.6% | -- | 8.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.91 | 72% |
MSCI EAFE | 0.95 | 72% |
MSCI Emg Mkts | 0.65 | 36% |
Liquidity Measures
Avg. volume (000) | 8 |
Turnover | 0.6% |
Avg. Bid/Ask (% of price) | 0.12% |
ADV of underlying (mns) | $15,495 |
Technical Indicators
Recent close | $32.72 |
30d moving avg. | $28.65 |
Annualized volatility | 19.1% |
Relative strength (RSI) | 68 |
Short interest (ETF) | 0.0% |
Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DDIV |
Expenses vs. DDIV |
ALTAR Score™ vs. DDIV |
---|---|---|---|---|
DVLU | First Trust Dorsey Wright Momentum & Value ETF | 31.9% | 0 bp | +2.5% |
DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 23.1% | 0 bp | -3.3% |
SPVM | Invesco S&P 500 Value with Momentum ETF | 16.5% | -21 bp | +0.7% |
TPHE | Timothy Plan High Dividend Stock Enhanced ETF | 16.3% | -6 bp | -1.5% |
TPHD | Timothy Plan High Dividend Stock ETF | 16.3% | -8 bp | -1.4% |
ONEY | SPDR Russell 1000 Yield Focus ETF | 15.2% | -40 bp | +2.3% |
BMVP | Invesco Bloomberg MVP Multi-factor ETF | 14.7% | -31 bp | +0.5% |
ULVM | VictoryShares US Value Momentum ETF | 14.5% | -40 bp | -0.2% |
PFI | Invesco Dorsey Wright Financial Momentum ETF | 13.7% | 0 bp | -1.4% |
DIVB | iShares Core Dividend ETF | 12.9% | -55 bp | +0.3% |
Risk and Returns: DDIV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 4/25/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DDIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
DDIV
7.7%
Cat. Avg
5.8%
Fund Category: US Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 7.7% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
Category Overview
There are 886 funds in the US Equities category, with an average ALTAR Score™
of 5.8% and a standard deviation of
2.7%. DDIV's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places DDIV in the 76th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DDIV
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
Change | |
Volume | |
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Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
DDIV | 60.0 | 12.2 | 72.2 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .