DDIV vs. EFAD

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and ProShares MSCI EAFE Dividend Growers ETF (EFAD).

DDIV and EFAD 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. EFAD is a passively managed fund by ProShares that tracks the performance of the MSCI EAFE Dividend Masters Index. It was launched on Aug 19, 2014. Both DDIV and EFAD 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. EFAD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and ProShares MSCI EAFE Dividend Growers ETF (EFAD). The values are adjusted to include any dividend payments, if applicable.

DDIV vs. EFAD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	-2.41%	12.23%	27.18%	9.95%	-12.44%	39.96%	-3.59%	32.40%	-16.50%	11.31%
EFAD ProShares MSCI EAFE Dividend Growers ETF	-1.68%	15.87%	-1.88%	11.91%	-21.34%	8.41%	8.75%	24.66%	-11.71%	22.14%

Returns By Period

In the year-to-date period, DDIV achieves a -2.41% return, which is significantly lower than EFAD's -1.68% return. Over the past 10 years, DDIV has outperformed EFAD with an annualized return of 8.89%, while EFAD has yielded a comparatively lower 4.00% annualized 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%

EFAD

• 1D: 2.61%
• 1M: -6.98%
• YTD: -1.68%
• 6M: -1.50%
• 1Y: 8.59%
• 3Y*: 5.68%
• 5Y*: 1.03%
• 10Y*: 4.00%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DDIV vs. EFAD - Expense Ratio Comparison

DDIV has a 0.60% expense ratio, which is higher than EFAD's 0.50% expense ratio.

DDIV

First Trust Dorsey Wright Momentum & Dividend ETF

EFAD

ProShares MSCI EAFE Dividend Growers ETF

Return for Risk

DDIV vs. EFAD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DDIV

DDIV Risk / Return Rank: 28
DDIV Sharpe Ratio Rank: 27
DDIV Sortino Ratio Rank: 26
DDIV Omega Ratio Rank: 29
DDIV Calmar Ratio Rank: 29
DDIV Martin Ratio Rank: 30

EFAD

EFAD Risk / Return Rank: 32
EFAD Sharpe Ratio Rank: 33
EFAD Sortino Ratio Rank: 32
EFAD Omega Ratio Rank: 29
EFAD Calmar Ratio Rank: 31
EFAD Martin Ratio Rank: 32

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DDIV vs. EFAD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and ProShares MSCI EAFE Dividend Growers ETF (EFAD). 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	EFAD	Difference
Sharpe ratio Return per unit of total volatility	0.46	0.60	-0.14
Sortino ratio Return per unit of downside risk	0.74	0.92	-0.18
Omega ratio Gain probability vs. loss probability	1.11	1.12	-0.01
Calmar ratio Return relative to maximum drawdown	0.66	0.78	-0.11
Martin ratio Return relative to average drawdown	2.42	2.82	-0.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DDIV vs. EFAD - Sharpe Ratio Comparison

The current DDIV Sharpe Ratio is 0.46, which is comparable to the EFAD Sharpe Ratio of 0.60. The chart below compares the historical Sharpe Ratios of DDIV and EFAD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DDIV	EFAD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.46	0.60	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.07	+0.43
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.26	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.16	+0.27

Correlation

The correlation between DDIV and EFAD is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DDIV vs. EFAD - Dividend Comparison

DDIV's dividend yield for the trailing twelve months is around 1.77%, less than EFAD's 2.93% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%	0.00%	0.00%
EFAD ProShares MSCI EAFE Dividend Growers ETF	2.93%	2.83%	2.64%	2.29%	1.76%	2.98%	1.49%	2.05%	2.37%	2.42%	2.88%	1.94%

Drawdowns

DDIV vs. EFAD - Drawdown Comparison

The maximum DDIV drawdown since its inception was -47.56%, which is greater than EFAD's maximum drawdown of -35.74%. Use the drawdown chart below to compare losses from any high point for DDIV and EFAD.

Drawdown Indicators

	DDIV	EFAD	Difference
Max Drawdown Largest peak-to-trough decline	-47.56%	-35.74%	-11.82%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-10.18%	-4.70%
Max Drawdown (5Y) Largest decline over 5 years	-21.10%	-35.74%	+14.64%
Max Drawdown (10Y) Largest decline over 10 years	-47.56%	-35.74%	-11.82%
Current Drawdown Current decline from peak	-8.44%	-7.16%	-1.28%
Average Drawdown Average peak-to-trough decline	-6.08%	-10.42%	+4.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.09%	2.80%	+1.29%

Volatility

DDIV vs. EFAD - Volatility Comparison

The current volatility for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is 6.19%, while ProShares MSCI EAFE Dividend Growers ETF (EFAD) has a volatility of 6.75%. This indicates that DDIV experiences smaller price fluctuations and is considered to be less risky than EFAD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDIV	EFAD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.19%	6.75%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	9.76%	+2.23%
Volatility (1Y) Calculated over the trailing 1-year period	19.58%	14.36%	+5.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	14.27%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.89%	15.62%	+4.27%