DDIV vs. DVOL
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL).
DDIV and DVOL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DDIV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It was launched on Mar 10, 2014. DVOL is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Low Volatility Index. It was launched on Sep 5, 2018. Both DDIV and DVOL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DDIV vs. DVOL - Performance Comparison
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DDIV vs. DVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | -2.41% | 12.23% | 27.18% | 9.95% | -12.44% | 39.96% | -3.59% | 32.40% | -17.35% |
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF | -1.24% | 4.30% | 24.84% | 5.39% | -16.10% | 30.08% | 11.15% | 26.10% | -9.89% |
Returns By Period
In the year-to-date period, DDIV achieves a -2.41% return, which is significantly lower than DVOL's -1.24% return.
DDIV
- 1D
- 3.23%
- 1M
- -5.19%
- YTD
- -2.41%
- 6M
- 1.54%
- 1Y
- 9.00%
- 3Y*
- 16.13%
- 5Y*
- 9.44%
- 10Y*
- 8.89%
DVOL
- 1D
- 2.56%
- 1M
- -5.60%
- YTD
- -1.24%
- 6M
- -2.13%
- 1Y
- -2.06%
- 3Y*
- 11.56%
- 5Y*
- 7.70%
- 10Y*
- —
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DDIV vs. DVOL - Expense Ratio Comparison
Both DDIV and DVOL have an expense ratio of 0.60%.
Return for Risk
DDIV vs. DVOL — Risk / Return Rank
DDIV
DVOL
DDIV vs. DVOL - 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 & Low Volatility ETF (DVOL). 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.
| DDIV | DVOL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.46 | -0.13 | +0.60 |
Sortino ratioReturn per unit of downside risk | 0.74 | -0.08 | +0.82 |
Omega ratioGain probability vs. loss probability | 1.11 | 0.99 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.66 | -0.08 | +0.74 |
Martin ratioReturn relative to average drawdown | 2.42 | -0.25 | +2.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DDIV | DVOL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.46 | -0.13 | +0.60 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.54 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.49 | -0.06 |
Correlation
The correlation between DDIV and DVOL is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
DDIV vs. DVOL - Dividend Comparison
DDIV's dividend yield for the trailing twelve months is around 1.77%, more than DVOL's 0.70% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 1.77% | 1.94% | 2.22% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% |
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF | 0.70% | 0.86% | 0.67% | 1.28% | 1.37% | 0.47% | 0.60% | 1.79% | 0.39% |
Drawdowns
DDIV vs. DVOL - Drawdown Comparison
The maximum DDIV drawdown since its inception was -47.56%, which is greater than DVOL's maximum drawdown of -38.26%. Use the drawdown chart below to compare losses from any high point for DDIV and DVOL.
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Drawdown Indicators
| DDIV | DVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.56% | -38.26% | -9.30% |
Max Drawdown (1Y)Largest decline over 1 year | -14.88% | -10.85% | -4.03% |
Max Drawdown (5Y)Largest decline over 5 years | -21.10% | -24.65% | +3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -47.56% | — | — |
Current DrawdownCurrent decline from peak | -8.44% | -7.51% | -0.93% |
Average DrawdownAverage peak-to-trough decline | -6.08% | -7.27% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.09% | 3.53% | +0.56% |
Volatility
DDIV vs. DVOL - Volatility Comparison
First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) has a higher volatility of 6.19% compared to First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) at 4.72%. This indicates that DDIV's price experiences larger fluctuations and is considered to be riskier than DVOL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DDIV | DVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.19% | 4.72% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 8.83% | +3.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.58% | 15.46% | +4.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.80% | 14.39% | +4.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 17.81% | +2.08% |