DVOL vs. DGRW
Compare and contrast key facts about First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and WisdomTree U.S. Dividend Growth Fund (DGRW).
DVOL and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVOL is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Low Volatility Index. It was launched on Sep 5, 2018. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both DVOL and DGRW 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: DVOL or DGRW.
Key characteristics
| DVOL | DGRW | |
|---|---|---|
| YTD Return | 11.14% | 7.92% |
| 1Y Return | 18.57% | 22.89% |
| 3Y Return (Ann) | 5.52% | 10.56% |
| 5Y Return (Ann) | 9.19% | 14.16% |
| Sharpe Ratio | 1.90 | 2.16 |
| Daily Std Dev | 9.54% | 10.37% |
| Max Drawdown | -38.27% | -32.04% |
| Current Drawdown | -1.74% | -0.79% |
Correlation
The correlation between DVOL and DGRW is 0.75, 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
DVOL vs. DGRW - Performance Comparison
In the year-to-date period, DVOL achieves a 11.14% return, which is significantly higher than DGRW's 7.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DVOL vs. DGRW - Expense Ratio Comparison
DVOL has a 0.60% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Risk-Adjusted Performance
DVOL vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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
DVOL vs. DGRW - Dividend Comparison
DVOL's dividend yield for the trailing twelve months is around 1.00%, less than DGRW's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF | 1.00% | 1.28% | 1.37% | 0.47% | 0.60% | 1.79% | 0.39% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.66% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.05% |
Drawdowns
DVOL vs. DGRW - Drawdown Comparison
The maximum DVOL drawdown since its inception was -38.27%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for DVOL and DGRW. For additional features, visit the drawdowns tool.
Volatility
DVOL vs. DGRW - Volatility Comparison
The current volatility for First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is 2.64%, while WisdomTree U.S. Dividend Growth Fund (DGRW) has a volatility of 3.10%. This indicates that DVOL experiences smaller price fluctuations and is considered to be less risky than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.