DDIV vs. PJFV

Last updated Aug 2, 2026

DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) and PJFV (PGIM Jennison Focused Value ETF) are both exchange-traded funds - DDIV is a Momentum fund tracking the Dorsey Wright Momentum Plus Dividend Yield Index, while PJFV is a Large Cap Value Equities fund actively managed by PGIM. DDIV is passively managed, while PJFV is actively managed. Over the past 3 years, DDIV returned 19.69%/yr vs 23.42%/yr for PJFV. Their correlation of 0.82 means they have usually moved in the same direction. DDIV charges 0.60%/yr vs 0.75%/yr for PJFV.

Performance

DDIV vs. PJFV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and PGIM Jennison Focused Value ETF (PJFV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DDIV achieves a 13.74% return, which is significantly lower than PJFV's 20.75% return.

DDIV

• 1D: -0.34%
• 1M: 3.53%
• 6M: 10.64%
• YTD: 13.74%
• 1Y: 25.77%
• 3Y*: 19.69%
• 5Y*: 11.83%
• 10Y*: 10.05%
• ALL TIME*: 9.19%

PJFV

• 1D: 0.61%
• 1M: 1.66%
• 6M: 16.44%
• YTD: 20.75%
• 1Y: 34.55%
• 3Y*: 23.42%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.70%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	$868.02K	$511.47K	$301.15K
PJFV PGIM Jennison Focused Value ETF	$1.50M	$1.59M	$1.43M

DDIV vs. PJFV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	13.74%	12.23%	27.18%	9.95%	-3.01%
PJFV PGIM Jennison Focused Value ETF	20.75%	18.65%	24.13%	18.52%	-3.25%

Correlation

The correlation between DDIV and PJFV is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.66
Correlation (3Y) Balances recent behavior with more history.	0.81
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022	0.82

The correlation between DDIV and PJFV shifts across timeframes, from 0.66 (1 year) to 0.82 (all time), reflecting how their relationship changes across market environments.

DDIV vs. PJFV - Sectors Allocation Comparison

Sectors	DDIV	PJFV
Energy	26.5%	7.8%
Financial Services	22.8%	18.0%
Real Estate	15.5%	-
Consumer Defensive	7.3%	3.7%
Industrials	6.8%	16.9%
Consumer Cyclical	5.5%	10.5%
Utilities	5.4%	7.4%
Healthcare	4.0%	9.8%
Basic Materials	2.9%	0.9%
Communication Services	2.3%	4.8%
Technology	1.0%	20.9%

Return for Risk

DDIV vs. PJFV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DDIV

DDIV Risk / Return Rank: 71
DDIV Sharpe Ratio Rank: 76
DDIV Sortino Ratio Rank: 74
DDIV Omega Ratio Rank: 75
DDIV Calmar Ratio Rank: 63
DDIV Martin Ratio Rank: 66

PJFV

PJFV Risk / Return Rank: 93
PJFV Sharpe Ratio Rank: 93
PJFV Sortino Ratio Rank: 93
PJFV Omega Ratio Rank: 92
PJFV Calmar Ratio Rank: 93
PJFV Martin Ratio Rank: 94

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DDIV vs. PJFV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and PGIM Jennison Focused Value ETF (PJFV). 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	PJFV	Difference
Sharpe ratio: Return per unit of total volatility	1.72	2.53	-0.81
Sortino ratio: Return per unit of downside risk	2.40	3.49	-1.09
Omega ratio: Gain probability vs. loss probability	1.31	1.45	-0.14
Calmar ratio: Return relative to maximum drawdown	2.19	4.52	-2.33
Martin ratio: Return relative to average drawdown	8.07	19.14	-11.07

DDIV vs. PJFV - Sharpe Ratio Comparison

The current DDIV Sharpe Ratio is 1.72, which is lower than the PJFV Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of DDIV and PJFV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DDIV vs. PJFV - Drawdown Comparison

The maximum DDIV drawdown since its inception was -47.56%, which is greater than PJFV's maximum drawdown of -18.15%. Use the drawdown chart below to compare losses from any high point for DDIV and PJFV.

Drawdown Indicators

	DDIV	PJFV	Difference
Max Drawdown Largest peak-to-trough decline	-47.56%	-18.15%	-29.41%
Max Drawdown (1Y) Largest decline over 1 year	-11.31%	-7.31%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	-18.97%	-18.15%	-0.82%
Max Drawdown (5Y) Largest decline over 5 years	-21.10%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-47.56%	—	—
Current Drawdown Current decline from peak	-1.54%	-0.03%	-1.51%
Average Drawdown Average peak-to-trough decline	-5.95%	-2.07%	-3.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.07%	1.73%	+1.34%

Volatility

DDIV vs. PJFV - Volatility Comparison

First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) and PGIM Jennison Focused Value ETF (PJFV) have volatilities of 3.64% and 3.72%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DDIV	PJFV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.64%	3.72%	-0.08%
Volatility (6M) Calculated over the trailing 6-month period	11.40%	10.61%	+0.79%
Volatility (1Y) Calculated over the trailing 1-year period	14.42%	13.10%	+1.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.25%	14.13%	+4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	14.13%	+5.77%

DDIV vs. PJFV - Expense Ratio Comparison

DDIV has a 0.60% expense ratio, which is lower than PJFV's 0.75% expense ratio.

Dividends

DDIV vs. PJFV - Dividend Comparison

DDIV's dividend yield for the trailing twelve months is around 1.53%, more than PJFV's 0.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
DDIV First Trust Dorsey Wright Momentum & Dividend ETF	1.53%	1.94%	2.22%	3.18%	3.60%	2.43%	2.63%	2.93%	3.27%
PJFV PGIM Jennison Focused Value ETF	0.57%	0.68%	1.31%	1.20%	0.12%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DDIV and PJFV in my portfolio?

DDIV and PJFV have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DDIV or PJFV?

PJFV has higher volatility (3.72%) compared to DDIV (3.64%). In terms of maximum drawdown, DDIV dropped -47.56% vs PJFV's -18.15%.

Which ETF is better, DDIV or PJFV?

On 3-year performance, PJFV leads with 23.42% vs 19.69% for DDIV. On fees, DDIV is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DDIV or PJFV?

Over the 3-year period, PJFV has performed better with a 23.42% return vs 19.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DDIV or PJFV?

DDIV is cheaper with a 0.60% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, DDIV or PJFV?

DDIV has the higher dividend yield at 1.53%, compared with 0.57% for PJFV.

What is the main difference between DDIV and PJFV?

DDIV is categorized as Momentum, while PJFV is Large Cap Value Equities. They also come from different issuers: First Trust and PGIM. Their fees differ too: 0.60% for DDIV and 0.75% for PJFV.

Which has better risk-adjusted returns?

PJFV currently has the higher Sharpe Ratio (2.53 vs 1.72), 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.