DVLU vs. VAMO
DVLU (First Trust Dorsey Wright Momentum & Value ETF) and VAMO (Cambria Value and Momentum ETF) are both Momentum funds. DVLU is passively managed, while VAMO is actively managed. Over the past 5 years, DVLU returned 11.96%/yr vs 8.99%/yr for VAMO. A 0.63 correlation means they provide meaningful diversification when combined. DVLU charges 0.60%/yr vs 0.65%/yr for VAMO.
Performance
DVLU vs. VAMO - Performance Comparison
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Returns By Period
In the year-to-date period, DVLU achieves a 10.78% return, which is significantly higher than VAMO's 4.86% return.
DVLU
- 1D
- -0.01%
- 1M
- 4.13%
- YTD
- 10.78%
- 6M
- 8.36%
- 1Y
- 35.10%
- 3Y*
- 21.45%
- 5Y*
- 11.96%
- 10Y*
- —
VAMO
- 1D
- 0.44%
- 1M
- 1.78%
- YTD
- 4.86%
- 6M
- 3.48%
- 1Y
- 19.83%
- 3Y*
- 14.12%
- 5Y*
- 8.99%
- 10Y*
- 5.92%
DVLU vs. VAMO - 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% |
VAMO Cambria Value and Momentum ETF | 4.86% | 16.51% | 6.11% | 5.58% | 8.55% | 32.16% | -4.92% | -4.63% | -14.88% |
Correlation
The correlation between DVLU and VAMO is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.63 |
The correlation between DVLU and VAMO shifts across timeframes, from 0.63 (all time) to 0.76 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
DVLU vs. VAMO — Risk / Return Rank
DVLU
VAMO
DVLU vs. VAMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Cambria Value and Momentum ETF (VAMO). 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 | VAMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.31 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.88 | 3.59 | -0.70 |
| Martin ratioReturn relative to average drawdown | 10.39 | 10.30 | +0.09 |
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Drawdowns
DVLU vs. VAMO - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, which is greater than VAMO's maximum drawdown of -41.84%. Use the drawdown chart below to compare losses from any high point for DVLU and VAMO.
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Drawdown Indicators
| DVLU | VAMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.26% | -41.84% | -11.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.24% | -5.55% | -6.69% |
Max Drawdown (3Y)Largest decline over 3 years | -24.86% | -11.61% | -13.25% |
Max Drawdown (5Y)Largest decline over 5 years | -24.86% | -17.25% | -7.61% |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.84% | — |
Current DrawdownCurrent decline from peak | -0.66% | -1.15% | +0.49% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -9.93% | +1.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.39% | 1.93% | +1.46% |
Volatility
DVLU vs. VAMO - Volatility Comparison
First Trust Dorsey Wright Momentum & Value ETF (DVLU) has a higher volatility of 3.51% compared to Cambria Value and Momentum ETF (VAMO) at 2.71%. This indicates that DVLU's price experiences larger fluctuations and is considered to be riskier than VAMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVLU | VAMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 2.71% | +0.80% |
Volatility (6M)Calculated over the trailing 6-month period | 12.31% | 7.63% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.38% | 11.20% | +5.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.39% | 17.18% | +4.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.73% | 18.10% | +7.63% |
DVLU vs. VAMO - Expense Ratio Comparison
DVLU has a 0.60% expense ratio, which is lower than VAMO's 0.65% expense ratio.
Dividends
DVLU vs. VAMO - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 0.62%, which matches VAMO's 0.62% 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% |
VAMO Cambria Value and Momentum ETF | 0.62% | 1.41% | 0.84% | 1.35% | 1.10% | 1.07% | 1.03% | 1.15% | 1.03% | 0.35% | 0.56% | 0.20% |
Frequently Asked Questions
DVLU and VAMO have a correlation of 0.72, 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 VAMO (2.71%). In terms of maximum drawdown, DVLU dropped -53.26% vs VAMO's -41.84%.
On 5-year performance, DVLU leads with 11.96% vs 8.99% for VAMO. On fees, DVLU is cheaper at 0.60% per year. On volatility, VAMO has been the lower-risk option at 2.71%. 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 8.99%. 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 0.65% for VAMO.
DVLU and VAMO have nearly identical dividend yields, around 0.62%.
They also come from different issuers: First Trust and Cambria. Their fees differ too: 0.60% for DVLU and 0.65% for VAMO.
DVLU currently has the higher Sharpe Ratio (2.15 vs 1.78), 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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