DVLU vs. WDC

Last updated Jun 4, 2026

DVLU (First Trust Dorsey Wright Momentum & Value ETF) is Momentum fund tracking the Dorsey Wright Momentum Plus Value Index, while WDC (Western Digital Corporation) is a stock. Over the past 5 years, DVLU returned 11.03%/yr vs 59.21%/yr for WDC. A 0.51 correlation means they provide meaningful diversification when combined.

Performance

DVLU vs. WDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Western Digital Corporation (WDC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DVLU achieves a 10.31% return, which is significantly lower than WDC's 245.04% return.

DVLU

• 1D: -0.22%
• 1M: 3.99%
• YTD: 10.31%
• 6M: 12.01%
• 1Y: 35.76%
• 3Y*: 22.18%
• 5Y*: 11.03%
• 10Y*: —

WDC

• 1D: 5.51%
• 1M: 34.30%
• YTD: 245.04%
• 6M: 282.33%
• 1Y: 1,009.68%
• 3Y*: 169.70%
• 5Y*: 59.21%
• 10Y*: 34.20%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DVLU vs. WDC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DVLU First Trust Dorsey Wright Momentum & Value ETF	10.31%	23.67%	13.36%	18.84%	-9.73%	41.67%	-6.68%	33.59%	-24.03%
WDC Western Digital Corporation	245.04%	283.68%	13.86%	65.99%	-51.62%	17.73%	-10.89%	77.14%	-34.48%

Correlation

The correlation between DVLU and WDC is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.43
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (All Time) Calculated using the full available price history since Sep 10, 2018	0.51

The correlation between DVLU and WDC shifts across timeframes, from 0.39 (1 year) to 0.53 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

DVLU vs. WDC — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DVLU

DVLU Risk / Return Rank: 63
DVLU Sharpe Ratio Rank: 66
DVLU Sortino Ratio Rank: 66
DVLU Omega Ratio Rank: 63
DVLU Calmar Ratio Rank: 59
DVLU Martin Ratio Rank: 60

WDC

WDC Risk / Return Rank: 100
WDC Sharpe Ratio Rank: 100
WDC Sortino Ratio Rank: 99
WDC Omega Ratio Rank: 99
WDC Calmar Ratio Rank: 100
WDC Martin Ratio Rank: 100

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DVLU vs. WDC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Value ETF (DVLU) and Western Digital Corporation (WDC). 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.

	DVLU	WDC	Difference
Sharpe ratio: Return per unit of total volatility	2.19	16.12	-13.93
Sortino ratio: Return per unit of downside risk	3.03	7.56	-4.53
Omega ratio: Gain probability vs. loss probability	1.38	2.05	-0.67
Calmar ratio: Return relative to maximum drawdown	2.93	49.55	-46.62
Martin ratio: Return relative to average drawdown	10.59	177.25	-166.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DVLU vs. WDC - Sharpe Ratio Comparison

The current DVLU Sharpe Ratio is 2.19, which is lower than the WDC Sharpe Ratio of 16.12. The chart below compares the historical Sharpe Ratios of DVLU and WDC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DVLU	WDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.19	16.12	-13.93
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	1.23	-0.72
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.71	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.42	0.21	+0.21

Drawdowns

DVLU vs. WDC - Drawdown Comparison

The maximum DVLU drawdown since its inception was -53.26%, smaller than the maximum WDC drawdown of -96.20%. Use the drawdown chart below to compare losses from any high point for DVLU and WDC.

Drawdown Indicators

	DVLU	WDC	Difference
Max Drawdown Largest peak-to-trough decline	-53.26%	-96.20%	+42.94%
Max Drawdown (1Y) Largest decline over 1 year	-12.24%	-20.59%	+8.35%
Max Drawdown (3Y) Largest decline over 3 years	-24.86%	-49.65%	+24.79%
Max Drawdown (5Y) Largest decline over 5 years	-24.86%	-60.85%	+35.99%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.49%	—
Current Drawdown Current decline from peak	-0.22%	0.00%	-0.22%
Average Drawdown Average peak-to-trough decline	-8.78%	-52.10%	+43.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	5.75%	-2.36%

Volatility

DVLU vs. WDC - Volatility Comparison

The current volatility for First Trust Dorsey Wright Momentum & Value ETF (DVLU) is 3.65%, while Western Digital Corporation (WDC) has a volatility of 17.18%. This indicates that DVLU experiences smaller price fluctuations and is considered to be less risky than WDC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DVLU	WDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.65%	17.18%	-13.53%
Volatility (6M) Calculated over the trailing 6-month period	12.36%	51.44%	-39.08%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	63.33%	-46.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.52%	48.32%	-26.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.81%	48.38%	-22.57%

Dividends

DVLU vs. WDC - Dividend Comparison

DVLU's dividend yield for the trailing twelve months is around 0.62%, more than WDC's 0.08% 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%
WDC Western Digital Corporation	0.08%	0.19%	0.00%	0.00%	0.00%	0.00%	1.81%	2.36%	5.41%	2.51%	2.94%	3.33%

Frequently Asked Questions

Can I hold both DVLU and WDC in my portfolio?

DVLU and WDC have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DVLU or WDC?

WDC has higher volatility (17.18%) compared to DVLU (3.65%). In terms of maximum drawdown, DVLU dropped -53.26% vs WDC's -96.20%.

Which has better risk-adjusted returns?

WDC currently has the higher Sharpe Ratio (16.12 vs 2.19), 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.