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
33.4 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 +
| SANDISK CORP | 7.0 % |
| WESTERN DIGITAL CORP | 4.1 % |
| OLD REPUBLIC INTL CORP | 3.2 % |
| TENET HEALTHCARE CORP | 2.9 % |
| ALLSTATE CORP | 2.9 % |
| AXIS CAPITAL HOLDINGS LTD | 2.8 % |
| AMERICAN FINANCIAL GROUP INC | 2.8 % |
| UNUM GROUP | 2.8 % |
| TRAVELERS COS INC/THE | 2.8 % |
| SYNCHRONY FINANCIAL | 2.7 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 238 |
| Wgt avg mkt cap (mns) | $58,869 |
| Large cap (>$10bn) | 72.3% |
| Mid cap ($2-10bn) | 27.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 90.4 % |
 |
BERMUDA | 2.8 % |
 |
PUERTO RICO | 2.7 % |
 |
SWITZERLAND | 2.6 % |
 |
IRELAND | 1.4 % |
Historical Performance
Standardized Performance (as of 09/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.3% | 9.0% | 21.3% | 18.2% | 17.4% | -- | -- | 7.8% |
| Dividend Yield | 0.7% | 1.1% | 1.3% | 1.6% | 1.7% | -- | -- | 1.6% |
| Total Returns | 16.0% | 10.1% | 22.6% | 19.8% | 19.0% | -- | -- | 9.5% | Ann. Volatility | 23.8% | 22.2% | 20.0% | 19.9% | 22.7% | -- | -- | 26.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.29 | 67% |
| MSCI EAFE | 0.86 | 38% |
| MSCI Emg Mkts | 0.39 | 9% |
Liquidity Measures
| Avg. volume (000) | 2 |
| ADV traded (mns) | $0 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| Recent close | $33.40 |
| 30d moving avg. | $32.75 |
| Annualized volatility | 21.1% |
| Relative strength (RSI) | 57 |
| Short interest | 0.6% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 40.5% | 0 bp | +6.0% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 29.0% | 0 bp | +4.7% |
| LSAF | LeaderShares AlphaFactor US Core Equity ETF | 20.8% | +15 bp | +7.6% |
| KIE | SPDR S&P Insurance ETF | 18.8% | -25 bp | +7.2% |
| IAK | iShares U.S. Insurance ETF | 18.3% | -20 bp | +7.5% |
| LYLD | Cambria Large Cap Shareholder Yield ETF | 18.2% | -1 bp | +9.8% |
| SEIV | SEI Enhanced U.S. Large Cap Value Factor ETF | 18.1% | -45 bp | +9.3% |
| RDVY | First Trust Rising Dividend Achievers ETF | 17.7% | -10 bp | +6.4% |
| QMOM | Alpha Architect U.S. Quantitative Momentum ETF | 17.7% | -21 bp | +3.3% |
| PWV | Invesco Large Cap Value ETF | 17.3% | -5 bp | +7.6% |
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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2024 | 2025 | 2026 | |
| 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 10/19/2025
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
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
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.
ALTAR Score™
DVLU
7.0%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 993 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.3%. DVLU's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places DVLU in the 71st 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 | 627 |
| Avg. Expense Ratio | 46.1 bp |
| Std. Deviation | 32.8 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 | 16.3 | 76.3 |
| Peer Avg. | 46.1 | 15.6 | 61.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .