DVLU vs. EEMO
DVLU (First Trust Dorsey Wright Momentum & Value ETF) and EEMO (Invesco S&P Emerging Markets Momentum ETF) are both Momentum funds - DVLU tracks the Dorsey Wright Momentum Plus Value Index while EEMO tracks the S&P Momentum Emerging Plus LargeMidCap Index. Both are passively managed. Over the past 5 years, DVLU returned 12.44%/yr vs 8.29%/yr for EEMO. At a 0.48 correlation, their price movements are largely independent. DVLU charges 0.60%/yr vs 0.31%/yr for EEMO.
Performance
DVLU vs. EEMO - Performance Comparison
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Returns By Period
In the year-to-date period, DVLU achieves a 10.45% return, which is significantly lower than EEMO's 47.80% return.
DVLU
- 1D
- 1.15%
- 1M
- 3.83%
- YTD
- 10.45%
- 6M
- 8.12%
- 1Y
- 37.54%
- 3Y*
- 21.33%
- 5Y*
- 12.44%
- 10Y*
- —
EEMO
- 1D
- 0.86%
- 1M
- 16.39%
- YTD
- 47.80%
- 6M
- 47.38%
- 1Y
- 62.35%
- 3Y*
- 26.74%
- 5Y*
- 8.29%
- 10Y*
- 9.66%
DVLU vs. EEMO - 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% |
EEMO Invesco S&P Emerging Markets Momentum ETF | 47.80% | 10.99% | 9.88% | 13.90% | -18.73% | -5.57% | 9.66% | 21.17% | -5.39% |
Correlation
The correlation between DVLU and EEMO is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.48 |
The correlation between DVLU and EEMO shifts across timeframes, from 0.40 (1 year) to 0.51 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
DVLU vs. EEMO — Risk / Return Rank
DVLU
EEMO
DVLU vs. EEMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Invesco S&P Emerging Markets Momentum ETF (EEMO). 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 | EEMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.45 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 4.25 | -1.17 |
| Martin ratioReturn relative to average drawdown | 11.11 | 15.61 | -4.49 |
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Drawdowns
DVLU vs. EEMO - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, which is greater than EEMO's maximum drawdown of -48.47%. Use the drawdown chart below to compare losses from any high point for DVLU and EEMO.
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Drawdown Indicators
| DVLU | EEMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -48.47% | -4.79% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -14.75% | +2.51% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -26.06% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -34.03% | +9.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.57% | — |
Current DrawdownCurrent decline from peak | -0.95% | 0.00% | -0.95% |
Average DrawdownAverage peak-to-trough decline | -8.73% | -20.12% | +11.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 4.01% | -0.62% |
Volatility
DVLU vs. EEMO - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Value ETF (DVLU) is 3.70%, while Invesco S&P Emerging Markets Momentum ETF (EEMO) has a volatility of 18.26%. This indicates that DVLU experiences smaller price fluctuations and is considered to be less risky than EEMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVLU | EEMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.70% | 18.26% | -14.56% |
Volatility (6M)Calculated over the trailing 6-month period | 12.34% | 27.34% | -15.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.46% | 29.13% | -12.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 20.60% | +0.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.74% | 22.18% | +3.56% |
DVLU vs. EEMO - Expense Ratio Comparison
DVLU has a 0.60% expense ratio, which is higher than EEMO's 0.31% expense ratio.
Dividends
DVLU vs. EEMO - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 0.62%, less than EEMO's 2.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% | 0.00% |
EEMO Invesco S&P Emerging Markets Momentum ETF | 2.01% | 2.31% | 2.57% | 3.65% | 3.82% | 1.51% | 1.53% | 2.13% | 13.10% | 5.13% | 1.55% | 2.92% |
Frequently Asked Questions
DVLU and EEMO have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EEMO has higher volatility (18.26%) compared to DVLU (3.70%). In terms of maximum drawdown, DVLU dropped -53.26% vs EEMO's -48.47%.
On 5-year performance, DVLU leads with 12.44% vs 8.29% for EEMO. On fees, EEMO is cheaper at 0.31% per year. On volatility, DVLU has been the lower-risk option at 3.70%. 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 8.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EEMO is cheaper with a 0.31% expense ratio, compared with 0.60% for DVLU.
EEMO has the higher dividend yield at 2.01%, compared with 0.62% for DVLU.
DVLU tracks Dorsey Wright Momentum Plus Value Index, while EEMO tracks S&P Momentum Emerging Plus LargeMidCap Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.60% for DVLU and 0.31% for EEMO.
DVLU currently has the higher Sharpe Ratio (2.30 vs 2.16), 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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