- Issuer
- First Trust
- Inception Date
- Sep 5, 2018
- Region
- North America (U.S.)
- Category
- Momentum, Mid Cap Value Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Dorsey Wright Momentum Plus Value Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $45M
Share Price Chart
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Performance
DVLU Performance Chart
First Trust Dorsey Wright Momentum & Value ETF (DVLU) is up 10.5% since the beginning of the year. DVLU is currently trading at $39 per share. Investors who bought $1,000 worth of DVLU shares 5 years ago would now be looking at an investment worth $1,797.
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Returns By Period
First Trust Dorsey Wright Momentum & Value ETF (DVLU) has returned 10.45% so far this year and 37.54% over the past 12 months.
First Trust Dorsey Wright Momentum & Value ETF
- 1D
- 1.15%
- 1M
- 3.83%
- YTD
- 10.45%
- 6M
- 8.12%
- 1Y
- 37.54%
- 3Y*
- 21.33%
- 5Y*
- 12.44%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
DVLU Monthly Returns History
Based on dividend-adjusted daily data since Sep 7, 2018, DVLU's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 62% of months were positive and 38% were negative. The best month was Jan 2019 with a return of +16.3%, while the worst month was Mar 2020 at -28.9%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, DVLU closed higher 51% of trading days. The best single day was Mar 24, 2020 with a return of +13.7%, while the worst single day was Mar 18, 2020 at -15.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.62% | 0.77% | -5.53% | 11.38% | 1.98% | 1.52% | 10.45% | ||||||
| 2025 | 6.39% | -2.15% | -6.12% | -4.06% | 6.46% | 3.10% | 0.47% | 3.94% | 7.96% | 1.03% | 3.11% | 2.33% | 23.67% |
| 2024 | 0.73% | 5.62% | 9.17% | -7.37% | 4.46% | -3.51% | 7.81% | 1.65% | 0.46% | -1.68% | 7.72% | -10.36% | 13.36% |
| 2023 | 8.40% | -1.04% | -6.37% | 1.22% | -4.46% | 10.27% | 4.38% | -3.01% | -4.08% | -5.65% | 10.71% | 9.38% | 18.84% |
| 2022 | -1.76% | 2.69% | 1.33% | -5.12% | 5.97% | -15.89% | 6.47% | -1.45% | -9.44% | 11.82% | 4.74% | -6.18% | -9.73% |
| 2021 | 3.15% | 13.65% | 6.25% | 5.42% | 5.19% | -4.80% | 1.46% | 1.97% | -2.93% | 4.04% | -1.83% | 5.04% | 41.67% |
Benchmark Metrics
First Trust Dorsey Wright Momentum & Value ETF has an annualized alpha of -0.33%, beta of 0.98, and R2 of 0.57 versus S&P 500 Index. Calculated based on daily prices since September 07, 2018.
- This ETF participated in 115.91% of S&P 500 Index downside but only 108.87% of its upside - more exposed to losses than it benefited from rallies.
- With beta of 0.98 and R2 of 0.57, this ETF moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- -0.33%
- Beta
- 0.98
- R²
- 0.57
- Upside Capture
- 108.87%
- Downside Capture
- 115.91%
Expense Ratio
DVLU has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DVLU ranks 69 for risk / return — better than 69% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DVLU | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.37 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.78 | +0.30 |
| Martin ratioReturn relative to average drawdown | 11.11 | 12.44 | -1.32 |
Dividends
Dividend History
First Trust Dorsey Wright Momentum & Value ETF provided a 0.62% dividend yield over the last twelve months, with an annual payout of $0.24 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.24 | $0.26 | $0.31 | $0.35 | $0.48 | $0.33 | $0.24 | $0.33 | $0.09 |
Dividend yield | 0.62% | 0.73% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Dorsey Wright Momentum & Value ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.03 | ||||||
| 2025 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.09 | $0.26 |
| 2024 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.14 | $0.31 |
| 2023 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.14 | $0.35 |
| 2022 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.20 | $0.48 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Dorsey Wright Momentum & Value ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the First Trust Dorsey Wright Momentum & Value ETF was 53.26%, occurring on Mar 23, 2020. Recovery took 221 trading sessions.
The current First Trust Dorsey Wright Momentum & Value ETF drawdown is 0.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -53.26%Mar 2020 | 2mo 2d | 10mo 19d | 1y 16dJan 2020 - Feb 2021 |
Rate-hike selloffLate 2018 | -26.57%Dec 2018 | 3mo 4d | 11mo 7d | 1y 2moSep 2018 - Nov 2019 |
2025 selloff2025 | -24.86%Apr 2025 | 4mo 13d | 5mo 13d | 9mo 26dNov 2024 - Sep 2025 |
Bear market2022 | -22.36%Sep 2022 | 3mo 20d | 1y 2mo | 1y 6moJun 2022 - Dec 2023 |
2026 correction2026 | -12.24%Mar 2026 | 1mo 18d | 1mo 1d | 2mo 19dFeb 2026 - Apr 2026 |
Drawdown Indicators
| DVLU | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -56.78% | +3.52% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -9.10% | -3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -18.90% | -5.96% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -25.43% | +0.57% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.95% | -1.80% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -10.71% | +1.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.03% | +1.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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