FOVL vs. DON
Compare and contrast key facts about iShares Focused Value Factor ETF (FOVL) and WisdomTree US MidCap Dividend ETF (DON).
FOVL and DON are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FOVL is a passively managed fund by iShares that tracks the performance of the Focused Value Select Index. It was launched on Mar 19, 2019. DON is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree MidCap Dividend Index. It was launched on Jun 16, 2006. Both FOVL and DON 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: FOVL or DON.
Key characteristics
| FOVL | DON | |
|---|---|---|
| YTD Return | 6.29% | 6.35% |
| 1Y Return | 29.05% | 25.35% |
| 3Y Return (Ann) | 5.25% | 6.52% |
| 5Y Return (Ann) | 7.78% | 9.18% |
| Sharpe Ratio | 1.73 | 1.70 |
| Daily Std Dev | 16.80% | 15.05% |
| Max Drawdown | -49.46% | -61.94% |
| Current Drawdown | -2.40% | -0.89% |
Correlation
The correlation between FOVL and DON is 0.93, 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
FOVL vs. DON - Performance Comparison
The year-to-date returns for both investments are quite close, with FOVL having a 6.29% return and DON slightly higher at 6.35%. 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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FOVL vs. DON - Expense Ratio Comparison
FOVL has a 0.25% expense ratio, which is lower than DON's 0.38% expense ratio.
Risk-Adjusted Performance
FOVL vs. DON - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Focused Value Factor ETF (FOVL) and WisdomTree US MidCap Dividend ETF (DON). 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
FOVL vs. DON - Dividend Comparison
FOVL's dividend yield for the trailing twelve months is around 2.32%, less than DON's 2.37% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FOVL iShares Focused Value Factor ETF | 2.32% | 2.59% | 3.38% | 2.80% | 2.88% | 2.09% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DON WisdomTree US MidCap Dividend ETF | 2.37% | 2.41% | 2.71% | 2.12% | 2.77% | 2.38% | 2.55% | 2.25% | 2.48% | 2.89% | 2.56% | 2.28% |
Drawdowns
FOVL vs. DON - Drawdown Comparison
The maximum FOVL drawdown since its inception was -49.46%, smaller than the maximum DON drawdown of -61.94%. Use the drawdown chart below to compare losses from any high point for FOVL and DON. For additional features, visit the drawdowns tool.
Volatility
FOVL vs. DON - Volatility Comparison
iShares Focused Value Factor ETF (FOVL) has a higher volatility of 3.54% compared to WisdomTree US MidCap Dividend ETF (DON) at 3.36%. This indicates that FOVL's price experiences larger fluctuations and is considered to be riskier than DON based on this measure. The chart below showcases a comparison of their rolling one-month volatility.