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
30.3 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) | $30 |
| 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 +
| ALLSTATE CORP | 3.1 % |
| OLD REPUBLIC INTL CORP | 3.1 % |
| SYNCHRONY FINANCIAL | 3.1 % |
| AXIS CAPITAL HOLDINGS LTD | 3.0 % |
| AXA EQUITABLE HOLDINGS, INC. | 3.0 % |
| AT&T INC | 3.0 % |
| TRAVELERS COS INC/THE | 2.9 % |
| POPULAR INC | 2.9 % |
| AMERICAN FINANCIAL GROUP INC | 2.9 % |
| SANDISK CORP | 2.9 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 226 |
| Wgt avg mkt cap (mns) | $57,945 |
| 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 | 90.2 % |
 |
BERMUDA | 3.0 % |
 |
PUERTO RICO | 2.9 % |
 |
SWITZERLAND | 2.7 % |
 |
IRELAND | 1.1 % |
Historical Performance
Standardized Performance (as of 07/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 3.0% | -0.8% | 10.5% | 9.4% | 15.9% | -- | -- | 6.2% |
| Dividend Yield | 0.4% | 1.0% | 1.2% | 1.6% | 1.7% | -- | -- | 1.6% |
| Total Returns | 3.4% | 0.2% | 11.6% | 11.0% | 17.6% | -- | -- | 7.9% | Ann. Volatility | 26.1% | 23.0% | 20.2% | 20.4% | 22.9% | -- | -- | 26.9% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.17 | 69% |
| MSCI EAFE | 0.96 | 51% |
| MSCI Emg Mkts | 0.57 | 20% |
Liquidity Measures
| Avg. volume (000) | 3 |
| ADV traded (mns) | $0 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.17% |
Technical Indicators
| Recent close | $30.35 |
| 30d moving avg. | $30.06 |
| Annualized volatility | 21.7% |
| Relative strength (RSI) | 55 |
| Short interest | 0.7% |
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. |
Expenses vs. |
ALTAR Score™ vs. |
|---|---|---|---|---|
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 40.2% | 0 bp | +6.0% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 29.3% | 0 bp | +4.6% |
| PWV | Invesco Large Cap Value ETF | 18.9% | -5 bp | +7.2% |
| IAK | iShares U.S. Insurance ETF | 18.9% | -20 bp | +6.9% |
| KIE | SPDR S&P Insurance ETF | 18.6% | -25 bp | +6.7% |
| LYLD | Cambria Large Cap Shareholder Yield ETF | 18.5% | -1 bp | +9.4% |
| RDVY | First Trust Rising Dividend Achievers ETF | 18.4% | -10 bp | +6.9% |
| LSAF | LeaderShares AlphaFactor US Core Equity ETF | 18.0% | +15 bp | +7.2% |
| KBWP | Invesco KBW Property & Casualty Insurance ETF | 17.4% | -25 bp | +6.7% |
| WTV | WisdomTree US Value Fund of Benef Interest | 17.3% | -48 bp | +8.9% |
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 8/20/2025
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
7.1%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 973 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 74th 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 |
| (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 | 0.0 | 60 |
| Peer Avg. | 36.8 | 15.2 | 52.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .