EPMV vs. DVLU

Last updated Jun 24, 2026

EPMV (Harbor Mid Cap Value ETF) and DVLU (First Trust Dorsey Wright Momentum & Value ETF) are both exchange-traded funds - EPMV is a Mid Cap Value Equities fund actively managed by Harbor, while DVLU is a Momentum fund tracking the Dorsey Wright Momentum Plus Value Index. EPMV is actively managed, while DVLU is passively managed. Over the past year, EPMV returned 27.69% vs 36.17% for DVLU. Their correlation of 0.81 suggests significant overlap in exposure. EPMV charges 0.88%/yr vs 0.60%/yr for DVLU.

Performance

EPMV vs. DVLU - Performance Comparison

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

Returns By Period

In the year-to-date period, EPMV achieves a 18.03% return, which is significantly higher than DVLU's 10.79% return.

EPMV

• 1D: -0.90%
• 1M: 2.72%
• YTD: 18.03%
• 6M: 16.31%
• 1Y: 27.69%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DVLU

• 1D: 0.30%
• 1M: 4.14%
• YTD: 10.79%
• 6M: 8.85%
• 1Y: 36.17%
• 3Y*: 21.46%
• 5Y*: 12.25%
• 10Y*: —

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

EPMV vs. DVLU - Yearly Performance Comparison

	2026 (YTD)	2025
EPMV Harbor Mid Cap Value ETF	18.03%	14.19%
DVLU First Trust Dorsey Wright Momentum & Value ETF	10.79%	31.45%

Correlation

The correlation between EPMV and DVLU is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.81

The correlation between EPMV and DVLU has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

Return for Risk

EPMV vs. DVLU — Risk / Return Rank

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

EPMV

EPMV Risk / Return Rank: 62
EPMV Sharpe Ratio Rank: 59
EPMV Sortino Ratio Rank: 64
EPMV Omega Ratio Rank: 56
EPMV Calmar Ratio Rank: 70
EPMV Martin Ratio Rank: 63

DVLU

DVLU Risk / Return Rank: 70
DVLU Sharpe Ratio Rank: 76
DVLU Sortino Ratio Rank: 74
DVLU Omega Ratio Rank: 71
DVLU Calmar Ratio Rank: 65
DVLU Martin Ratio Rank: 64

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.

EPMV vs. DVLU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value ETF (EPMV) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). 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.

	EPMV	DVLU	Difference
Sharpe ratio: Return per unit of total volatility	1.79	2.22	-0.43
Sortino ratio: Return per unit of downside risk	2.63	3.06	-0.43
Omega ratio: Gain probability vs. loss probability	1.32	1.38	-0.07
Calmar ratio: Return relative to maximum drawdown	3.17	2.97	+0.20
Martin ratio: Return relative to average drawdown	10.38	10.71	-0.32

EPMV vs. DVLU - Sharpe Ratio Comparison

The current EPMV Sharpe Ratio is 1.79, which is comparable to the DVLU Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of EPMV and DVLU, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EPMV vs. DVLU - Drawdown Comparison

The maximum EPMV drawdown since its inception was -8.78%, smaller than the maximum DVLU drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for EPMV and DVLU.

Drawdown Indicators

	EPMV	DVLU	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-53.26%	+44.48%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-12.24%	+3.46%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.86%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.86%	—
Current Drawdown Current decline from peak	-1.40%	-0.65%	-0.75%
Average Drawdown Average peak-to-trough decline	-1.74%	-8.73%	+6.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	3.39%	-0.72%

Volatility

EPMV vs. DVLU - Volatility Comparison

Harbor Mid Cap Value ETF (EPMV) has a higher volatility of 4.91% compared to First Trust Dorsey Wright Momentum & Value ETF (DVLU) at 3.70%. This indicates that EPMV's price experiences larger fluctuations and is considered to be riskier than DVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPMV	DVLU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	3.70%	+1.21%
Volatility (6M) Calculated over the trailing 6-month period	11.71%	12.34%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	15.53%	16.43%	-0.90%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.59%	21.39%	-5.80%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.59%	25.73%	-10.14%

EPMV vs. DVLU - Expense Ratio Comparison

EPMV has a 0.88% expense ratio, which is higher than DVLU's 0.60% expense ratio.

Dividends

EPMV vs. DVLU - Dividend Comparison

EPMV's dividend yield for the trailing twelve months is around 1.25%, more than DVLU's 0.62% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
EPMV Harbor Mid Cap Value ETF	1.25%	1.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPMV and DVLU in my portfolio?

EPMV and DVLU have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPMV or DVLU?

EPMV has higher volatility (4.91%) compared to DVLU (3.70%). In terms of maximum drawdown, EPMV dropped -8.78% vs DVLU's -53.26%.

Which ETF is better, EPMV or DVLU?

On 1-year performance, DVLU leads with 36.17% vs 27.69% for EPMV. On fees, DVLU is cheaper at 0.60% per year. On volatility, DVLU has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPMV or DVLU?

Over the 1-year period, DVLU has performed better with a 36.17% return vs 27.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPMV or DVLU?

DVLU is cheaper with a 0.60% expense ratio, compared with 0.88% for EPMV.

Which ETF pays a higher dividend yield, EPMV or DVLU?

EPMV has the higher dividend yield at 1.25%, compared with 0.62% for DVLU.

What is the main difference between EPMV and DVLU?

EPMV is categorized as Mid Cap Value Equities, while DVLU is Momentum. They also come from different issuers: Harbor and First Trust. Their fees differ too: 0.88% for EPMV and 0.60% for DVLU.

Which has better risk-adjusted returns?

DVLU currently has the higher Sharpe Ratio (2.22 vs 1.79), 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.