EZMO vs. DVOL
EZMO (AlphaDroid Broad Markets Momentum ETF) and DVOL (First Trust Dorsey Wright Momentum & Low Volatility ETF) are both Momentum funds. EZMO is actively managed, while DVOL is passively managed. At a 0.33 correlation, their price movements are largely independent. EZMO charges 0.94%/yr vs 0.60%/yr for DVOL.
Performance
EZMO vs. DVOL - Performance Comparison
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Returns By Period
In the year-to-date period, EZMO achieves a -2.07% return, which is significantly lower than DVOL's 4.84% return.
EZMO
- 1D
- -0.55%
- 1M
- -3.20%
- YTD
- -2.07%
- 6M
- -4.36%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DVOL
- 1D
- 0.08%
- 1M
- 0.34%
- YTD
- 4.84%
- 6M
- 3.21%
- 1Y
- 5.35%
- 3Y*
- 13.41%
- 5Y*
- 7.25%
- 10Y*
- —
EZMO vs. DVOL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EZMO AlphaDroid Broad Markets Momentum ETF | -2.07% | 4.05% |
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF | 4.84% | 0.48% |
Correlation
The correlation between EZMO and DVOL is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Oct 16, 2025 | 0.33 |
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Return for Risk
EZMO vs. DVOL — Risk / Return Rank
EZMO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DVOL
EZMO vs. DVOL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AlphaDroid Broad Markets Momentum ETF (EZMO) and First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL). 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.
| EZMO | DVOL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.09 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 0.55 | — |
| Martin ratioReturn relative to average drawdown | — | 1.90 | — |
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Drawdowns
EZMO vs. DVOL - Drawdown Comparison
The maximum EZMO drawdown since its inception was -12.82%, smaller than the maximum DVOL drawdown of -38.26%. Use the drawdown chart below to compare losses from any high point for EZMO and DVOL.
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Drawdown Indicators
| EZMO | DVOL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.82% | -38.26% | +25.44% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.82% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.65% | — |
Current DrawdownCurrent decline from peak | -11.26% | -1.82% | -9.44% |
Average DrawdownAverage peak-to-trough decline | -4.69% | -7.14% | +2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.83% | — |
Volatility
EZMO vs. DVOL - Volatility Comparison
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Volatility by Period
| EZMO | DVOL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.33% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 9.47% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.91% | 11.81% | +5.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 14.40% | +2.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.91% | 17.68% | -0.77% |
EZMO vs. DVOL - Expense Ratio Comparison
EZMO has a 0.94% expense ratio, which is higher than DVOL's 0.60% expense ratio.
Dividends
EZMO vs. DVOL - Dividend Comparison
EZMO has not paid dividends to shareholders, while DVOL's dividend yield for the trailing twelve months is around 0.66%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF | 0.66% | 0.86% | 0.67% | 1.28% | 1.37% | 0.47% | 0.60% | 1.79% | 0.39% |
EZMO AlphaDroid Broad Markets Momentum ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EZMO and DVOL have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DVOL is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DVOL is cheaper with a 0.60% expense ratio, compared with 0.94% for EZMO.
DVOL has the higher dividend yield at 0.66%, compared with 0.00% for EZMO.
They also come from different issuers: AlphaDroid and First Trust. Their fees differ too: 0.94% for EZMO and 0.60% for DVOL.
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