DVLU vs. DDIV
DVLU (First Trust Dorsey Wright Momentum & Value ETF) and DDIV (First Trust Dorsey Wright Momentum & Dividend ETF) are both Momentum funds from First Trust - DVLU tracks the Dorsey Wright Momentum Plus Value Index while DDIV tracks the Dorsey Wright Momentum Plus Dividend Yield Index. Both are passively managed. Over the past 5 years, DVLU returned 12.44%/yr vs 10.45%/yr for DDIV. Their correlation of 0.86 suggests significant overlap in exposure. Both charge a 0.60% expense ratio.
Performance
DVLU vs. DDIV - Performance Comparison
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Returns By Period
In the year-to-date period, DVLU achieves a 10.45% return, which is significantly higher than DDIV's 8.45% return.
DVLU
- 1D
- 1.15%
- 1M
- 3.83%
- YTD
- 10.45%
- 6M
- 8.12%
- 1Y
- 37.54%
- 3Y*
- 21.33%
- 5Y*
- 12.44%
- 10Y*
- —
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 vs. DDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% |
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% |
Correlation
The correlation between DVLU and DDIV 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 DVLU and DDIV has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.
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Return for Risk
DVLU vs. DDIV — Risk / Return Rank
DVLU
DDIV
DVLU vs. DDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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.
| DVLU | DDIV | 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 | 1.40 | 1.28 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 2.00 | +1.08 |
| Martin ratioReturn relative to average drawdown | 11.11 | 7.34 | +3.78 |
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Drawdowns
DVLU vs. DDIV - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, which is greater than DDIV's maximum drawdown of -47.56%. Use the drawdown chart below to compare losses from any high point for DVLU and DDIV.
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Drawdown Indicators
| DVLU | DDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -47.56% | -5.70% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -11.31% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -18.97% | -5.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -21.10% | -3.76% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.56% | — |
Current DrawdownCurrent decline from peak | -0.95% | -1.06% | +0.11% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -6.00% | -2.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 3.07% | +0.32% |
Volatility
DVLU vs. DDIV - Volatility Comparison
First Trust Dorsey Wright Momentum & Value ETF (DVLU) has a higher volatility of 3.70% compared to First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) at 3.10%. This indicates that DVLU's price experiences larger fluctuations and is considered to be riskier than DDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVLU | DDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 3.10% | +0.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 11.65% | +0.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 14.39% | +2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 18.54% | +2.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 19.92% | +5.82% |
DVLU vs. DDIV - Expense Ratio Comparison
Both DVLU and DDIV have an expense ratio of 0.60%.
Dividends
DVLU vs. DDIV - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 0.62%, less than DDIV's 1.59% 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
DVLU and DDIV 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, DVLU dropped -53.26% vs DDIV's -47.56%.
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.
DVLU and DDIV have the same expense ratio: 0.60% per year.
DDIV has the higher dividend yield at 1.59%, compared with 0.62% for DVLU.
DVLU tracks Dorsey Wright Momentum Plus Value Index, while DDIV tracks Dorsey Wright Momentum Plus Dividend Yield 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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