FV vs. LFEQ

Last updated Aug 6, 2026

FV (First Trust Dorsey Wright Focus 5 ETF) and LFEQ (VanEck Long/Flat Trend ETF) are both Large Cap Growth Equities funds - FV tracks the Dorsey Wright Focus Five Index while LFEQ tracks the Ned Davis Research CMG US Large Cap Long/Flat Index - USD. Both are passively managed. Over the past 5 years, FV returned 9.21%/yr vs 9.36%/yr for LFEQ. Their correlation of 0.80 means they have usually moved in the same direction. FV charges 0.87%/yr vs 0.58%/yr for LFEQ.

Performance

FV vs. LFEQ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dorsey Wright Focus 5 ETF (FV) and VanEck Long/Flat Trend ETF (LFEQ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FV achieves a 14.18% return, which is significantly higher than LFEQ's 13.22% return.

FV

• 1D: -0.52%
• 1M: -2.42%
• 6M: 10.02%
• YTD: 14.18%
• 1Y: 19.42%
• 3Y*: 15.09%
• 5Y*: 9.21%
• 10Y*: 12.68%
• ALL TIME*: 11.31%

LFEQ

• 1D: -0.05%
• 1M: 2.60%
• 6M: 12.68%
• YTD: 13.22%
• 1Y: 23.69%
• 3Y*: 17.38%
• 5Y*: 9.36%
• 10Y*: —
• ALL TIME*: 11.89%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FV First Trust Dorsey Wright Focus 5 ETF	$4.13M	$4.25M	$4.82M
LFEQ VanEck Long/Flat Trend ETF	$52.00K	$96.96K	$92.78K

FV vs. LFEQ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FV First Trust Dorsey Wright Focus 5 ETF	14.18%	7.23%	14.73%	11.34%	-3.93%	21.63%	28.36%	25.73%	-8.27%	4.90%
LFEQ VanEck Long/Flat Trend ETF	13.22%	10.49%	24.30%	19.66%	-22.05%	27.97%	17.56%	24.07%	-5.55%	5.48%

Correlation

The correlation between FV and LFEQ is 0.80, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.80
Correlation (3Y) Balances recent behavior with more history.	0.85
Correlation (5Y) Shows whether the relationship held over a longer period.	0.78
Correlation (All Time) Calculated using the full available price history since Oct 5, 2017	0.80

The correlation between FV and LFEQ has been stable across timeframes, ranging from 0.78 to 0.85 - a consistent structural relationship.

FV vs. LFEQ - Sectors Allocation Comparison

Sectors	FV	LFEQ
Technology	54.8%	39.1%
Healthcare	20.5%	8.3%
Industrials	14.5%	7.8%
Consumer Cyclical	7.3%	9.9%
Communication Services	2.6%	10.7%
Real Estate	0.7%	1.8%
Energy	0.1%	3.1%
Financial Services	0.1%	10.9%
Basic Materials	-	1.7%
Consumer Defensive	-	4.5%
Utilities	-	2.1%

Return for Risk

FV vs. LFEQ — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FV

FV Risk / Return Rank: 38
FV Sharpe Ratio Rank: 38
FV Sortino Ratio Rank: 37
FV Omega Ratio Rank: 36
FV Calmar Ratio Rank: 37
FV Martin Ratio Rank: 40

LFEQ

LFEQ Risk / Return Rank: 71
LFEQ Sharpe Ratio Rank: 71
LFEQ Sortino Ratio Rank: 69
LFEQ Omega Ratio Rank: 69
LFEQ Calmar Ratio Rank: 66
LFEQ Martin Ratio Rank: 78

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FV vs. LFEQ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) and VanEck Long/Flat Trend ETF (LFEQ). 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	LFEQ	Difference
Sharpe ratio: Return per unit of total volatility	1.10	1.86	-0.76
Sortino ratio: Return per unit of downside risk	1.58	2.57	-0.99
Omega ratio: Gain probability vs. loss probability	1.20	1.33	-0.13
Calmar ratio: Return relative to maximum drawdown	1.45	2.65	-1.20
Martin ratio: Return relative to average drawdown	4.69	11.26	-6.57

FV vs. LFEQ - Sharpe Ratio Comparison

The current FV Sharpe Ratio is 1.10, which is lower than the LFEQ Sharpe Ratio of 1.86. The chart below compares the historical Sharpe Ratios of FV and LFEQ, 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

FV vs. LFEQ - Drawdown Comparison

The maximum FV drawdown since its inception was -34.04%, roughly equal to the maximum LFEQ drawdown of -35.19%. Use the drawdown chart below to compare losses from any high point for FV and LFEQ.

Drawdown Indicators

	FV	LFEQ	Difference
Max Drawdown Largest peak-to-trough decline	-34.04%	-35.19%	+1.15%
Max Drawdown (1Y) Largest decline over 1 year	-13.45%	-8.98%	-4.47%
Max Drawdown (3Y) Largest decline over 3 years	-23.08%	-18.97%	-4.11%
Max Drawdown (5Y) Largest decline over 5 years	-23.08%	-25.55%	+2.47%
Max Drawdown (10Y) Largest decline over 10 years	-34.04%	—	—
Current Drawdown Current decline from peak	-5.50%	-0.05%	-5.45%
Average Drawdown Average peak-to-trough decline	-5.81%	-6.07%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	2.11%	+2.04%

Volatility

FV vs. LFEQ - Volatility Comparison

First Trust Dorsey Wright Focus 5 ETF (FV) has a higher volatility of 6.41% compared to VanEck Long/Flat Trend ETF (LFEQ) at 4.06%. This indicates that FV's price experiences larger fluctuations and is considered to be riskier than LFEQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FV	LFEQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.41%	4.06%	+2.35%
Volatility (6M) Calculated over the trailing 6-month period	15.16%	10.23%	+4.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.78%	12.85%	+4.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.13%	14.50%	+6.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.57%	17.53%	+4.04%

FV vs. LFEQ - Expense Ratio Comparison

FV has a 0.87% expense ratio, which is higher than LFEQ's 0.58% expense ratio.

Dividends

FV vs. LFEQ - Dividend Comparison

FV's dividend yield for the trailing twelve months is around 0.51%, less than LFEQ's 0.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FV First Trust Dorsey Wright Focus 5 ETF	0.51%	0.63%	0.14%	0.47%	1.38%	0.11%	0.06%	0.56%	0.19%	0.67%	0.95%	0.14%
LFEQ VanEck Long/Flat Trend ETF	0.80%	0.90%	0.74%	1.56%	1.19%	0.37%	2.06%	1.45%	1.07%	0.79%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FV and LFEQ in my portfolio?

FV and LFEQ 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, FV or LFEQ?

FV has higher volatility (6.41%) compared to LFEQ (4.06%). In terms of maximum drawdown, FV dropped -34.04% vs LFEQ's -35.19%.

Which ETF is better, FV or LFEQ?

On 5-year performance, LFEQ leads with 9.36% vs 9.21% for FV. On fees, LFEQ is cheaper at 0.58% per year. On volatility, LFEQ has been the lower-risk option at 4.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FV or LFEQ?

Over the 5-year period, LFEQ has performed better with a 9.36% return vs 9.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FV or LFEQ?

LFEQ is cheaper with a 0.58% expense ratio, compared with 0.87% for FV.

Which ETF pays a higher dividend yield, FV or LFEQ?

LFEQ has the higher dividend yield at 0.80%, compared with 0.51% for FV.

What is the main difference between FV and LFEQ?

FV tracks Dorsey Wright Focus Five Index, while LFEQ tracks Ned Davis Research CMG US Large Cap Long/Flat Index - USD. They also come from different issuers: First Trust and VanEck. Their fees differ too: 0.87% for FV and 0.58% for LFEQ.

Which has better risk-adjusted returns?

LFEQ currently has the higher Sharpe Ratio (1.85 vs 1.10), 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.