DVOL Alternatives & Similar ETFs

First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DVOL. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to DVOL

DVOL charges 0.60% annually. There are 26 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.

Symbol	Name	Expense Ratio	AUM	Inception
JMOM	JPMorgan U.S. Momentum Factor ETF	0.12%	2.40B	Nov 2017	DVOL vs JMOM
MMTM	SPDR S&P 1500 Momentum Tilt ETF	0.12%	170.15M	Oct 2012	DVOL vs MMTM
VFMO	Vanguard U.S. Momentum Factor ETF	0.13%	1.60B	Feb 2018	DVOL vs VFMO
SPMO	Invesco S&P 500 Momentum ETF	0.13%	19.93B	Oct 2015	DVOL vs SPMO
SEIM	SEI Enhanced US Large Cap Momentum Factor ETF	0.15%	989.57M	May 2022	DVOL vs SEIM

Best Risk-Adjusted Alternatives to DVOL

DVOL has a PortfoliosLab risk / return rank of 9. There are 46 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 92.

Symbol	Name	Risk / Return Rank	AUM	Inception
PIE	Invesco DWA Emerging Markets Momentum ETF	92	237.62M	Dec 2007	DVOL vs PIE
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	89	45.43M	May 2021	DVOL vs QQQA
ULVM	VictoryShares US Value Momentum ETF	84	254.71M	Oct 2017	DVOL vs ULVM
JMOM	JPMorgan U.S. Momentum Factor ETF	83	2.40B	Nov 2017	DVOL vs JMOM
FMTM	MarketDesk Focused U.S. Momentum ETF	83	33.97M	Mar 2025	DVOL vs FMTM

Top Performing DVOL Alternatives (YTD)

DVOL is at 1.20% YTD. There are 47 ETFs in the Momentum category with higher YTD returns, going as high as 77.10%.

Symbol	Name	YTD Return	AUM	Inception
PTF	Invesco DWA Technology Momentum ETF	77.10%	729.40M	Oct 2006	DVOL vs PTF
QQQA	ProShares Nasdaq-100 Dorsey Wright Momentum ETF	61.81%	45.43M	May 2021	DVOL vs QQQA
MTUL	ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN	61.42%	8.69M	Feb 2021	DVOL vs MTUL
EEMO	Invesco S&P Emerging Markets Momentum ETF	42.13%	15.51M	Feb 2012	DVOL vs EEMO
PRN	Invesco DWA Industrials Momentum ETF	40.98%	449.53M	Oct 2006	DVOL vs PRN

Lowest Volatility Alternatives to DVOL

DVOL has 11.78% 1-year volatility. There are 3 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.74%.

Symbol	Name	Volatility 1Y	AUM	Inception
ULVM	VictoryShares US Value Momentum ETF	10.74%	254.71M	Oct 2017	DVOL vs ULVM
VAMO	Cambria Value and Momentum ETF	11.19%	48.34M	Sep 2015	DVOL vs VAMO
SPVM	Invesco S&P 500 Value with Momentum ETF	11.61%	120.88M	Jun 2011	DVOL vs SPVM
SMOM	Symmetry Panoramic Sector Momentum ETF	12.65%	43.72M	Sep 2025	DVOL vs SMOM
PSL	Invesco DWA Consumer Staples Momentum ETF	12.80%	81.62M	Oct 2006	DVOL vs PSL

Lowest Drawdown Alternatives to DVOL

DVOL has a 1-year max drawdown of -9.82%. There are 11 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -5.55%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
VAMO	Cambria Value and Momentum ETF	-5.55%	48.34M	Sep 2015	DVOL vs VAMO
ULVM	VictoryShares US Value Momentum ETF	-6.47%	254.71M	Oct 2017	DVOL vs ULVM
SPVM	Invesco S&P 500 Value with Momentum ETF	-6.57%	120.88M	Jun 2011	DVOL vs SPVM
ONEO	SPDR Russell 1000 Momentum Focus ETF	-7.37%	28.31M	Dec 2015	DVOL vs ONEO
JMOM	JPMorgan U.S. Momentum Factor ETF	-7.87%	2.40B	Nov 2017	DVOL vs JMOM

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 11 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Technology Equities, Cybersecurity	32	32.24%	13.68B	Jul 2015	DVOL vs CIBR
GRID	First Trust Nasdaq Clean Edge Smart GRID Infrastru...	Alternative Energy Equities	81	29.13%	11.29B	Nov 2009	DVOL vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities	4	-8.47%	133.88M	Feb 2012	DVOL vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	81	31.07%	10.62B	Mar 2014	DVOL vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	73	13.62%	7.39B	Mar 2006	DVOL vs FDL
IGLD	FT Cboe Vest Gold Strategy Target Income ETF	Precious Metals, Gold	30	2.52%	591.41M	Mar 2021	DVOL vs IGLD
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	88	32.96%	4.66B	Aug 2012	DVOL vs TDIV
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	111.04%	2.52B	Sep 2016	DVOL vs FTXL
KNG	FT Cboe Vest S&P 500 Dividend Aristocrats Target I...	Dividend, S&P 500	21	2.25%	3.28B	Mar 2018	DVOL vs KNG
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	91	53.57%	895.30M	Feb 2007	DVOL vs QCLN

Often Compared With DVOL

Investors most often compare DVOL with SPY, QQQ, DDIV. These 20 comparison targets span 14 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SPY	State Street SPDR S&P 500 ETF	S&P 500	75	11.69%	781.00B	Jan 1993	DVOL vs SPY
QQQ	Invesco QQQ ETF	Nasdaq-100	77	21.62%	493.99B	Mar 1999	DVOL vs QQQ
DDIV	First Trust Dorsey Wright Momentum & Dividend ETF	Momentum, Mid Cap Value Equities, Dividend	41	7.78%	66.66M	Mar 2014	DVOL vs DDIV
DGRW	WisdomTree U.S. Dividend Growth Fund	Large Cap Growth Equities, Dividend	67	10.01%	16.64B	May 2013	DVOL vs DGRW
BDGS	Bridges Capital Tactical ETF	Large Cap Blend Equities	78	5.94%	42.09M	May 2023	DVOL vs BDGS
MTUM	iShares MSCI USA Momentum Factor ETF	Momentum, Large Cap Blend Equities	67	30.37%	26.66B	Apr 2013	DVOL vs MTUM
SVOL	Simplify Volatility Premium ETF	Volatility	20	-0.28%	563.43M	May 2021	DVOL vs SVOL
ACIO	Aptus Collared Income Opportunity ETF	Diversified Portfolio	57	7.81%	2.14B	Jul 2019	DVOL vs ACIO
TBG	TBG Dividend Focus ETF	Large Cap Value Equities	63	11.50%	172.39M	Nov 2023	DVOL vs TBG
BCUS	Bancreek U.S. Large Cap ETF	Large Cap Blend Equities	33	11.63%	96.41M	Dec 2023	DVOL vs BCUS
VOO	Vanguard S&P 500 ETF	S&P 500	75	11.69%	1.60T	Sep 2010	DVOL vs VOO
THIR	THOR Index Rotation ETF	Tactical Allocation	64	8.63%	168.93M	Sep 2024	DVOL vs THIR
FLLV	Franklin Liberty U.S. Low Volatility ETF	Volatility Hedged Equity	93	13.91%	112.15M	Sep 2016	DVOL vs FLLV
QLV	FlexShares US Quality Low Volatility Index Fund	Volatility Hedged Equity	56	6.02%	161.41M	Jul 2019	DVOL vs QLV
FDMO	Fidelity Momentum Factor ETF	Momentum, Large Cap Growth Equities	60	15.61%	841.75M	Sep 2016	DVOL vs FDMO
SIXH	6 Meridian Hedged Equity-Index Option Strategy ETF	Volatility Hedged Equity	39	6.68%	488.90M	May 2020	DVOL vs SIXH
PDP	Invesco Dorsey Wright Momentum ETF	Momentum, Mid Cap Growth Equities	53	24.25%	1.55B	Mar 2007	DVOL vs PDP
UEVM	VictoryShares Emerging Markets Value Momentum ETF	Momentum, Emerging Markets Diversified	55	11.06%	252.78M	Oct 2017	DVOL vs UEVM
XMMO	Invesco S&P MidCap Momentum ETF	Momentum, Mid Cap Growth Equities	69	22.96%	7.49B	Mar 2005	DVOL vs XMMO
QLVD	FlexShares Developed Markets ex-US Quality Low Vol...	Volatility Hedged Equity	21	3.37%	56.57M	Jul 2019	DVOL vs QLVD

Compare DVOL with Any Fund or Stock

Compare DVOL with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

Symbol name

Diversifiers

Pair DVOL with funds that move differently

First Trust Dorsey Wright Momentum & Low Volatility ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DVOL.

Explore DVOL Diversifiers

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