First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL)

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The chart shows the growth of an initial investment of $10,000 in First Trust Dorsey Wright Momentum & Low Volatility ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) has returned -1.24% so far this year and -2.06% over the past 12 months.

Based on dividend-adjusted daily data since Sep 7, 2018, DVOL's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, your investment would double in approximately 7.2 years.

Historically, 59% of months were positive and 41% were negative. The best month was Oct 2022 with a return of +8.9%, while the worst month was Mar 2020 at -15.2%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 4 months.

On a daily basis, DVOL closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +8.3%, while the worst single day was Mar 16, 2020 at -10.5%.

First Trust Dorsey Wright Momentum & Low Volatility ETF has an annualized alpha of 0.60%, beta of 0.73, and R² of 0.66 versus S&P 500 Index. Calculated based on daily prices since September 12, 2018.

• This ETF participated in 76.46% of S&P 500 Index downside but only 68.79% of its upside — more exposed to losses than it benefited from rallies.

DVOL has an expense ratio of 0.60%, placing it in the medium range.

DVOL ranks 9 for risk / return — in the bottom 9% of ETFs on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

The table below present risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Dorsey Wright Momentum & Low Volatility ETF provided a 0.70% dividend yield over the last twelve months, with an annual payout of $0.24 per share.

The table displays the monthly dividend distributions for First Trust Dorsey Wright Momentum & Low Volatility ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the First Trust Dorsey Wright Momentum & Low Volatility 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 & Low Volatility ETF was 38.26%, occurring on Mar 23, 2020. Recovery took 187 trading sessions.

The current First Trust Dorsey Wright Momentum & Low Volatility ETF drawdown is 7.51%.

The chart below shows the rolling one-month volatility.