DVLU
First Trust Dorsey Wright Momentum & Value ETF
The First Trust Dorsey Wright Momentum & Value ETF tracks a rules-based index consisting of the 50 most undervalued stocks in the NASDAQ US Large Mid Index that exhibit high levels of relative strength.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
32.6 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 05, 2018 |
| Assets (mns) | $33 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| PULTE HOMES INC | 3.8 % |
| TRAVELERS COS INC/THE | 3.4 % |
| COREBRIDGE FINANCIAL INC | 3.2 % |
| SYNCHRONY FINANCIAL | 3.2 % |
| CAPITAL ONE FINANCIAL CORP | 3.2 % |
| JONES LANG LASALLE INC | 3.2 % |
| TENET HEALTHCARE CORP | 3.0 % |
| US FOODS HOLDING CORP. | 3.0 % |
| POPULAR INC | 3.0 % |
| REINSURANCE GROUP OF AMERICA | 2.9 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 234 |
| Wgt avg mkt cap (mns) | $45,109 |
| Large cap (>$10bn) | 81.3% |
| Mid cap ($2-10bn) | 15.6% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.8 % |
 |
PUERTO RICO | 3.0 % |
 |
BERMUDA | 2.2 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.4% | 36.6% | 24.9% | 11.2% | 12.6% | -- | 9.7% | Volatility | 15.1% | 16.7% | 20.6% | 22.4% | 28.5% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 64% |
| MSCI EAFE | 1.06 | 69% |
| MSCI Emg Mkts | 0.75 | 32% |
Liquidity Measures
| Avg. volume (000) | 3 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $11,381 |
Technical Indicators
| Recent close | $31.08 |
| 30d moving avg. | $30.09 |
| Annualized volatility | 22.6% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| Short interest (underlying) | 4.0% |
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. DVLU |
Expenses vs. DVLU |
ALTAR Score™ vs. DVLU |
|---|---|---|---|---|
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 44.2% | 0 bp | -1.5% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 25.4% | 0 bp | -3.7% |
| WTV | WisdomTree US Value Fund of Benef Interest | 20.0% | -48 bp | +1.2% |
| LSAF | LeaderShares AlphaFactor US Core Equity ETF | 19.2% | +15 bp | -0.8% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 17.2% | -21 bp | +0.4% |
| ULVM | VictoryShares US Value Momentum ETF | 16.9% | -40 bp | -0.6% |
| RSPF | Invesco S&P 500 Equal Weight Financials ETF | 16.4% | -20 bp | -1.4% |
| FXO | First Trust Financials AlphaDEX Fund | 15.5% | +2 bp | -0.1% |
| XMMO | Invesco S&P MidCap Momentum ETF | 15.0% | -26 bp | -1.9% |
| SEIV | SEI Enhanced U.S. Large Cap Value Factor ETF | 13.7% | -45 bp | +1.7% |
Risk and Returns: DVLU 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 10/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
DVLU
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 Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
DVLU
7.8%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 933 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. DVLU's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places DVLU in the 82nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DVLUSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| DVLU (60 bp) Percentile rank | 66 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DVLU | 60.0 | 16.5 | 76.5 |
| Peer Avg. | 37.8 | 15.4 | 53.2 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .