DVLU vs. VOE
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Vanguard Mid-Cap Value ETF (VOE).
DVLU and VOE 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. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both DVLU and VOE 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 VOE.
Key characteristics
| DVLU | VOE | |
|---|---|---|
| YTD Return | 11.98% | 6.72% |
| 1Y Return | 32.85% | 20.21% |
| 3Y Return (Ann) | 7.33% | 4.64% |
| 5Y Return (Ann) | 11.97% | 9.87% |
| Sharpe Ratio | 1.93 | 1.59 |
| Daily Std Dev | 16.77% | 12.73% |
| Max Drawdown | -53.26% | -61.55% |
| Current Drawdown | -3.59% | -1.21% |
Correlation
The correlation between DVLU and VOE is 0.84, 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. VOE - Performance Comparison
In the year-to-date period, DVLU achieves a 11.98% return, which is significantly higher than VOE's 6.72% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
DVLU vs. VOE - Expense Ratio Comparison
DVLU has a 0.60% expense ratio, which is higher than VOE's 0.07% expense ratio.
Risk-Adjusted Performance
DVLU vs. VOE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Vanguard Mid-Cap Value ETF (VOE). 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.
Dividends
DVLU vs. VOE - Dividend Comparison
DVLU's dividend yield for the trailing twelve months is around 0.99%, less than VOE's 2.16% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 0.99% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 2.16% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% | 1.67% | 1.53% |
Drawdowns
DVLU vs. VOE - Drawdown Comparison
The maximum DVLU drawdown since its inception was -53.26%, smaller than the maximum VOE drawdown of -61.55%. Use the drawdown chart below to compare losses from any high point for DVLU and VOE. For additional features, visit the drawdowns tool.
Volatility
DVLU vs. VOE - Volatility Comparison
First Trust Dorsey Wright Momentum & Value ETF (DVLU) has a higher volatility of 3.84% compared to Vanguard Mid-Cap Value ETF (VOE) at 2.91%. This indicates that DVLU's price experiences larger fluctuations and is considered to be riskier than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.