DVLU vs. FVD
DVLU (First Trust Dorsey Wright Momentum & Value ETF) and FVD (First Trust Value Line Dividend Index Fund) are both exchange-traded funds - DVLU is a Momentum fund tracking the Dorsey Wright Momentum Plus Value Index, while FVD is a Mid Cap Value Equities fund tracking the Value Line Dividend Index. Both are passively managed. Over the past 5 years, DVLU returned 11.96%/yr vs 6.04%/yr for FVD. A 0.71 correlation means they provide meaningful diversification when combined. DVLU charges 0.60%/yr vs 0.61%/yr for FVD.
Performance
DVLU vs. FVD - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DVLU achieves a 10.78% return, which is significantly higher than FVD's 4.96% return.
DVLU
- 1D
- -0.01%
- 1M
- 4.13%
- YTD
- 10.78%
- 6M
- 8.36%
- 1Y
- 35.10%
- 3Y*
- 21.45%
- 5Y*
- 11.96%
- 10Y*
- —
FVD
- 1D
- 0.50%
- 1M
- 0.42%
- YTD
- 4.96%
- 6M
- 4.21%
- 1Y
- 9.79%
- 3Y*
- 9.31%
- 5Y*
- 6.04%
- 10Y*
- 8.71%
DVLU vs. FVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 10.78% | 23.67% | 13.36% | 18.84% | -9.73% | 41.67% | -6.68% | 33.59% | -24.03% |
FVD First Trust Value Line Dividend Index Fund | 4.96% | 8.16% | 10.04% | 4.11% | -5.18% | 25.08% | -0.02% | 26.58% | -7.91% |
Correlation
The correlation between DVLU and FVD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.71 |
The correlation between DVLU and FVD shifts across timeframes, from 0.56 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DVLU vs. FVD — Risk / Return Rank
DVLU
FVD
DVLU vs. FVD - 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 Value Line Dividend Index Fund (FVD). 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 | FVD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.17 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 1.36 | +1.52 |
| Martin ratioReturn relative to average drawdown | 10.39 | 3.48 | +6.91 |
Loading charts...
Drawdowns
DVLU vs. FVD - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, roughly equal to the maximum FVD drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for DVLU and FVD.
Loading charts...
Drawdown Indicators
| DVLU | FVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -51.00% | -2.26% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -7.23% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -11.97% | -12.89% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -16.41% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.25% | — |
Current DrawdownCurrent decline from peak | -0.66% | -3.43% | +2.77% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -5.44% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 2.82% | +0.57% |
Volatility
DVLU vs. FVD - Volatility Comparison
First Trust Dorsey Wright Momentum & Value ETF (DVLU) has a higher volatility of 3.51% compared to First Trust Value Line Dividend Index Fund (FVD) at 3.28%. This indicates that DVLU's price experiences larger fluctuations and is considered to be riskier than FVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DVLU | FVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.28% | +0.23% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 7.13% | +5.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 9.71% | +6.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 12.77% | +8.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.73% | 15.44% | +10.29% |
DVLU vs. FVD - Expense Ratio Comparison
DVLU has a 0.60% expense ratio, which is lower than FVD's 0.61% expense ratio.
Dividends
DVLU vs. FVD - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 0.62%, less than FVD's 2.25% 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% |
FVD First Trust Value Line Dividend Index Fund | 2.25% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
Frequently Asked Questions
DVLU and FVD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVLU has higher volatility (3.51%) compared to FVD (3.28%). In terms of maximum drawdown, DVLU dropped -53.26% vs FVD's -51.00%.
On 5-year performance, DVLU leads with 11.96% vs 6.04% for FVD. On fees, DVLU is cheaper at 0.60% per year. On volatility, FVD has been the lower-risk option at 3.28%. 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 11.96% return vs 6.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DVLU is cheaper with a 0.60% expense ratio, compared with 0.61% for FVD.
FVD has the higher dividend yield at 2.25%, compared with 0.62% for DVLU.
DVLU is categorized as Momentum, while FVD is Mid Cap Value Equities. DVLU tracks Dorsey Wright Momentum Plus Value Index, while FVD tracks Value Line Dividend Index. Their fees differ too: 0.60% for DVLU and 0.61% for FVD.
DVLU currently has the higher Sharpe Ratio (2.15 vs 1.01), 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.
Find the right allocation for DVLU and FVD
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer