DVOL
First Trust Dorsey Wright Momentum & Low Volatility ETF
The First Trust Dorsey Wright Momentum & Low Volatility tracks a rules-based equity index consisting of the 50 stocks in the NASDAQ US Large Mid Index that exhibit the lowest levels of volatility while still maintaining high levels of relative strength.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 71.9 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Inception date | Sep 05, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ENTERGY CORP | 3.5 % |
| MCKESSON CORP | 3.5 % |
| WELLTOWER, INC. | 3.4 % |
| CORESITE REALTY CORP | 3.2 % |
| ENSIGN GROUP INC/THE | 3.1 % |
| WAL-MART STORES INC | 3.0 % |
| VULCAN MATERIALS CO | 2.9 % |
| ROSS STORES INC | 2.9 % |
| CARDINAL HEALTH INC | 2.8 % |
| BANK OF NEW YORK MELLON CORP | 2.8 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $167,018 |
| Large cap (>$10bn) | 90.9% |
| Mid cap ($2-10bn) | 7.8% |
| Small cap (<$2bn) | 1.2% |
| Developed mkts. | 99.9% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 93.0 % |
 |
IRELAND | 4.4 % |
 |
PUERTO RICO | 2.5 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.6% | 0.9% | 11.4% | 12.4% | 8.9% | -- | -- | 8.4% |
| Dividend Yield | 0.0% | 0.6% | 0.7% | 1.0% | 1.0% | -- | -- | 1.1% |
| Total Returns | 4.6% | 1.5% | 12.1% | 13.4% | 9.8% | -- | -- | 9.5% | Ann. Volatility | 13.2% | 15.5% | 13.7% | 12.7% | 14.4% | -- | -- | 17.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 55% |
| MSCI EAFE | 0.68 | 52% |
| MSCI Emg Mkts | 0.46 | 28% |
Liquidity Measures
| Avg. volume (000) | 9 |
| ADV traded (mns) | $0 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.12% |
Technical Indicators
| 30d moving avg. (EMA) | $36.43 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 0.22/0.27 |
| Bollinger Bands (Upper/Lower) | $37.50/$35.86 |
| Short interest (% of AUM) | 2.5% |
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. DVOL |
Expenses vs. DVOL |
ALTAR Score™ vs. DVOL |
|---|---|---|---|---|
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 41.2% | 0 bp | +0.6% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | 37.8% | 0 bp | +2.9% |
| LVDS | JPMorgan Fundamental Data Science Large Value ETF | 28.9% | -11 bp | +0.9% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 22.1% | -45 bp | -1.4% |
| SPMO | Invesco S&P 500 Momentum ETF | 20.5% | -47 bp | -0.6% |
| MGV | Vanguard Mega Cap Value ETF | 20.0% | -53 bp | +1.1% |
| IWX | iShares Russell Top 200 Value ETF | 17.8% | -40 bp | +0.8% |
| VTV | Vanguard Value ETF | 17.5% | -56 bp | +1.5% |
| ULVM | VictoryShares US Value Momentum ETF | 16.8% | -40 bp | +1.9% |
| GDIV | Harbor Dividend Growth Leaders ETF | 16.4% | -10 bp | -0.3% |
Risk and Returns: DVOL 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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| 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 | 2025 | 2026 | 2027 | |
| 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 3/6/2026
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
4.9%
ALTAR SCORE™
39th
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 1,194 funds in the US Equity category with an average
ALTAR Score™ of 5.5% and a standard deviation
of 2.0%. DVOL's ALTAR Score™ is approximately -0.3 standard
deviations above the category average. This places DVOL in the 39th percentile
among funds in the category.
Sell-Side Consensus
$41.45
PRICE TARGET
+15.3%
UPSIDE