DDIV vs. DVLU
DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) and DVLU (First Trust Dorsey Wright Momentum & Value ETF) are both Momentum funds from First Trust - DDIV tracks the Dorsey Wright Momentum Plus Dividend Yield Index while DVLU tracks the Dorsey Wright Momentum Plus Value Index. Both are passively managed. Over the past 5 years, DDIV returned 10.45%/yr vs 12.44%/yr for DVLU. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.
Performance
DDIV vs. DVLU - Performance Comparison
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Returns By Period
In the year-to-date period, DDIV achieves a 8.45% return, which is significantly lower than DVLU's 10.45% return.
DDIV
- 1D
- 1.03%
- 1M
- -0.40%
- YTD
- 8.45%
- 6M
- 6.85%
- 1Y
- 22.50%
- 3Y*
- 20.89%
- 5Y*
- 10.45%
- 10Y*
- 10.06%
DVLU
- 1D
- 1.15%
- 1M
- 3.83%
- YTD
- 10.45%
- 6M
- 8.12%
- 1Y
- 37.54%
- 3Y*
- 21.33%
- 5Y*
- 12.44%
- 10Y*
- —
DDIV vs. DVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 8.45% | 12.23% | 27.18% | 9.95% | -12.44% | 39.96% | -3.59% | 32.40% | -17.96% |
DVLU First Trust Dorsey Wright Momentum & Value ETF | 10.45% | 23.67% | 13.36% | 18.84% | -9.73% | 41.67% | -6.68% | 33.59% | -24.03% |
Correlation
The correlation between DDIV and DVLU is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.90 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.90 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.86 |
The correlation between DDIV and DVLU has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
DDIV vs. DVLU — Risk / Return Rank
DDIV
DVLU
DDIV vs. DVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| DDIV | DVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.40 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.00 | 3.08 | -1.08 |
| Martin ratioReturn relative to average drawdown | 7.34 | 11.11 | -3.78 |
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Drawdowns
DDIV vs. DVLU - Drawdown Comparison
The maximum DDIV drawdown since its inception was -47.56%, smaller than the maximum DVLU drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for DDIV and DVLU.
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Drawdown Indicators
| DDIV | DVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.56% | -53.26% | +5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -11.31% | -12.24% | +0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -18.97% | -24.86% | +5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -21.10% | -24.86% | +3.76% |
Max Drawdown (10Y)Largest decline over 10 years | -47.56% | — | — |
Current DrawdownCurrent decline from peak | -1.06% | -0.95% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -6.00% | -8.73% | +2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 3.39% | -0.32% |
Volatility
DDIV vs. DVLU - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is 3.10%, while First Trust Dorsey Wright Momentum & Value ETF (DVLU) has a volatility of 3.70%. This indicates that DDIV experiences smaller price fluctuations and is considered to be less risky than DVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDIV | DVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.10% | 3.70% | -0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 11.65% | 12.34% | -0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 16.46% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.54% | 21.39% | -2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.92% | 25.74% | -5.82% |
DDIV vs. DVLU - Expense Ratio Comparison
Both DDIV and DVLU have an expense ratio of 0.60%.
Dividends
DDIV vs. DVLU - Dividend Comparison
DDIV's dividend yield for the trailing twelve months is around 1.59%, more than DVLU's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 1.59% | 1.94% | 2.22% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% |
DVLU First Trust Dorsey Wright Momentum & Value ETF | 0.62% | 0.73% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% |
Frequently Asked Questions
DDIV and DVLU have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVLU has higher volatility (3.70%) compared to DDIV (3.10%). In terms of maximum drawdown, DDIV dropped -47.56% vs DVLU's -53.26%.
On 5-year performance, DVLU leads with 12.44% vs 10.45% for DDIV. Both ETFs have the same 0.60% expense ratio. On volatility, DDIV has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DVLU has performed better with a 12.44% return vs 10.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DDIV and DVLU have the same expense ratio: 0.60% per year.
DDIV has the higher dividend yield at 1.59%, compared with 0.62% for DVLU.
DDIV tracks Dorsey Wright Momentum Plus Dividend Yield Index, while DVLU tracks Dorsey Wright Momentum Plus Value Index.
DVLU currently has the higher Sharpe Ratio (2.30 vs 1.57), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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