DVLU vs. SPMO
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Invesco S&P 500® Momentum ETF (SPMO).
DVLU and SPMO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVLU is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Value Index. It was launched on Sep 5, 2018. SPMO is a passively managed fund by Invesco that tracks the performance of the S&P 500 Momentum Index. It was launched on Oct 9, 2015. Both DVLU and SPMO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DVLU or SPMO.
Correlation
The correlation between DVLU and SPMO is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DVLU vs. SPMO - Performance Comparison
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Key characteristics
DVLU:
0.02
SPMO:
1.16
DVLU:
0.25
SPMO:
1.71
DVLU:
1.04
SPMO:
1.24
DVLU:
0.06
SPMO:
1.46
DVLU:
0.18
SPMO:
5.26
DVLU:
8.61%
SPMO:
5.57%
DVLU:
23.25%
SPMO:
24.97%
DVLU:
-53.26%
SPMO:
-30.95%
DVLU:
-11.39%
SPMO:
-1.15%
Returns By Period
In the year-to-date period, DVLU achieves a -0.27% return, which is significantly lower than SPMO's 7.43% return.
DVLU
-0.27%
12.14%
-10.14%
0.50%
19.82%
N/A
SPMO
7.43%
13.43%
5.73%
28.77%
22.19%
N/A
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DVLU vs. SPMO - Expense Ratio Comparison
DVLU has a 0.60% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Risk-Adjusted Performance
DVLU vs. SPMO — Risk-Adjusted Performance Rank
DVLU
SPMO
DVLU vs. SPMO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Invesco S&P 500® Momentum ETF (SPMO). 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.
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Dividends
DVLU vs. SPMO - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 1.07%, more than SPMO's 0.50% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 1.07% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.00% | 0.00% | 0.00% | 0.00% |
SPMO Invesco S&P 500® Momentum ETF | 0.50% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Drawdowns
DVLU vs. SPMO - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, which is greater than SPMO's maximum drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for DVLU and SPMO. For additional features, visit the drawdowns tool.
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Volatility
DVLU vs. SPMO - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Value ETF (DVLU) is 5.58%, while Invesco S&P 500® Momentum ETF (SPMO) has a volatility of 7.23%. This indicates that DVLU experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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