FV vs. FVC
FV (First Trust Dorsey Wright Focus 5 ETF) and FVC (First Trust Dorsey Wright Dynamic Focus 5 ETF) are both exchange-traded funds - FV is a Large Cap Growth Equities fund tracking the Dorsey Wright Focus Five Index, while FVC is a Hedge Fund fund tracking the Dorsey Wright Dynamic Focus Five Index. Both are passively managed. Over the past 10 years, FV returned 13.23%/yr vs 8.42%/yr for FVC. Their correlation of 0.94 suggests significant overlap in exposure. FV charges 0.87%/yr vs 0.71%/yr for FVC.
Performance
FV vs. FVC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with FV having a 15.81% return and FVC slightly lower at 15.43%. Over the past 10 years, FV has outperformed FVC with an annualized return of 13.23%, while FVC has yielded a comparatively lower 8.42% annualized return.
FV
- 1D
- 1.35%
- 1M
- 4.31%
- YTD
- 15.81%
- 6M
- 17.37%
- 1Y
- 28.02%
- 3Y*
- 16.68%
- 5Y*
- 10.46%
- 10Y*
- 13.23%
FVC
- 1D
- 1.37%
- 1M
- 4.34%
- YTD
- 15.43%
- 6M
- 16.84%
- 1Y
- 21.69%
- 3Y*
- 9.59%
- 5Y*
- 5.18%
- 10Y*
- 8.42%
FV vs. FVC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FV First Trust Dorsey Wright Focus 5 ETF | 15.81% | 7.23% | 14.73% | 11.34% | -3.93% | 21.63% | 28.36% | 25.73% | -8.27% | 19.97% |
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 15.43% | 2.12% | 12.43% | -4.59% | -6.03% | 21.92% | 12.71% | 19.28% | -8.60% | 19.74% |
Correlation
The correlation between FV and FVC is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2016 | 0.94 |
The correlation between FV and FVC has been stable across timeframes, ranging from 0.93 to 0.97 - a consistent structural relationship.
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Return for Risk
FV vs. FVC — Risk / Return Rank
FV
FVC
FV vs. FVC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) and First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC). 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.
| FV | FVC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.31 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.09 | 1.64 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.80 | 6.36 | +1.44 |
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Drawdowns
FV vs. FVC - Drawdown Comparison
The maximum FV drawdown since its inception was -34.04%, which is greater than FVC's maximum drawdown of -30.96%. Use the drawdown chart below to compare losses from any high point for FV and FVC.
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Drawdown Indicators
| FV | FVC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.04% | -30.96% | -3.08% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -13.32% | -0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -23.08% | -14.75% | -8.33% |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | -22.62% | -0.46% |
Max Drawdown (10Y)Largest decline over 10 years | -34.04% | -30.96% | -3.08% |
Current DrawdownCurrent decline from peak | -2.04% | -1.69% | -0.35% |
Average DrawdownAverage peak-to-trough decline | -5.81% | -7.04% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.60% | 3.42% | +0.18% |
Volatility
FV vs. FVC - Volatility Comparison
First Trust Dorsey Wright Focus 5 ETF (FV) and First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) have volatilities of 6.26% and 6.45%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FV | FVC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.26% | 6.45% | -0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.51% | 13.58% | -0.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 14.14% | +1.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 16.46% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.48% | 17.69% | +3.79% |
FV vs. FVC - Expense Ratio Comparison
FV has a 0.87% expense ratio, which is higher than FVC's 0.71% expense ratio.
Dividends
FV vs. FVC - Dividend Comparison
FV's dividend yield for the trailing twelve months is around 0.53%, less than FVC's 1.95% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FV First Trust Dorsey Wright Focus 5 ETF | 0.53% | 0.63% | 0.14% | 0.47% | 1.38% | 0.11% | 0.06% | 0.56% | 0.19% | 0.67% | 0.95% | 0.14% |
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 1.95% | 2.57% | 0.78% | 1.89% | 1.50% | 0.09% | 0.21% | 1.07% | 0.24% | 0.63% | 0.67% | 0.00% |
Frequently Asked Questions
With a correlation of 0.97, FV and FVC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
FVC has higher volatility (6.45%) compared to FV (6.26%). In terms of maximum drawdown, FV dropped -34.04% vs FVC's -30.96%.
On 10-year performance, FV leads with 13.23% vs 8.42% for FVC. On fees, FVC is cheaper at 0.71% per year. On volatility, FV has been the lower-risk option at 6.26%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, FV has performed better with a 13.23% return vs 8.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FVC is cheaper with a 0.71% expense ratio, compared with 0.87% for FV.
FVC has the higher dividend yield at 1.95%, compared with 0.53% for FV.
FV is categorized as Large Cap Growth Equities, while FVC is Hedge Fund. FV tracks Dorsey Wright Focus Five Index, while FVC tracks Dorsey Wright Dynamic Focus Five Index. Their fees differ too: 0.87% for FV and 0.71% for FVC.
FV currently has the higher Sharpe Ratio (1.76 vs 1.54), 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.
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