FV vs. PDP
Compare and contrast key facts about First Trust Dorsey Wright Focus 5 ETF (FV) and Invesco Dorsey Wright Momentum ETF (PDP).
FV and PDP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Focus Five Index. It was launched on Mar 5, 2014. PDP is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Technical Leaders Index. It was launched on Mar 1, 2007. Both FV and PDP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FV vs. PDP - Performance Comparison
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FV vs. PDP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FV First Trust Dorsey Wright Focus 5 ETF | -3.87% | 7.23% | 14.73% | 11.34% | -3.93% | 21.63% | 28.36% | 25.73% | -8.27% | 19.97% |
PDP Invesco Dorsey Wright Momentum ETF | 3.73% | 8.37% | 26.06% | 20.88% | -24.49% | 7.72% | 36.59% | 33.13% | -5.96% | 23.30% |
Returns By Period
In the year-to-date period, FV achieves a -3.87% return, which is significantly lower than PDP's 3.73% return. Both investments have delivered pretty close results over the past 10 years, with FV having a 11.42% annualized return and PDP not far ahead at 11.68%.
FV
- 1D
- 3.09%
- 1M
- -7.44%
- YTD
- -3.87%
- 6M
- -2.11%
- 1Y
- 10.86%
- 3Y*
- 10.66%
- 5Y*
- 6.53%
- 10Y*
- 11.42%
PDP
- 1D
- 4.68%
- 1M
- -6.38%
- YTD
- 3.73%
- 6M
- 2.28%
- 1Y
- 20.93%
- 3Y*
- 16.94%
- 5Y*
- 7.20%
- 10Y*
- 11.68%
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FV vs. PDP - Expense Ratio Comparison
FV has a 0.87% expense ratio, which is higher than PDP's 0.62% expense ratio.
Return for Risk
FV vs. PDP — Risk / Return Rank
FV
PDP
FV vs. PDP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Focus 5 ETF (FV) and Invesco Dorsey Wright Momentum ETF (PDP). 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.
| FV | PDP | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.54 | 0.87 | -0.33 |
Sortino ratioReturn per unit of downside risk | 0.89 | 1.30 | -0.41 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.17 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 1.78 | -0.96 |
Martin ratioReturn relative to average drawdown | 2.96 | 5.80 | -2.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FV | PDP | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.54 | 0.87 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | 0.33 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.55 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.49 | 0.41 | +0.08 |
Correlation
The correlation between FV and PDP is 0.88, 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.
Dividends
FV vs. PDP - Dividend Comparison
FV's dividend yield for the trailing twelve months is around 0.64%, more than PDP's 0.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FV First Trust Dorsey Wright Focus 5 ETF | 0.64% | 0.63% | 0.14% | 0.47% | 1.38% | 0.11% | 0.06% | 0.56% | 0.19% | 0.67% | 0.95% | 0.14% |
PDP Invesco Dorsey Wright Momentum ETF | 0.13% | 0.17% | 0.15% | 0.42% | 0.45% | 0.00% | 0.11% | 0.25% | 0.18% | 0.28% | 0.81% | 0.39% |
Drawdowns
FV vs. PDP - Drawdown Comparison
The maximum FV drawdown since its inception was -34.04%, smaller than the maximum PDP drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for FV and PDP.
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Drawdown Indicators
| FV | PDP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.04% | -59.34% | +25.30% |
Max Drawdown (1Y)Largest decline over 1 year | -13.45% | -12.04% | -1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -23.08% | -33.91% | +10.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.04% | -34.70% | +0.66% |
Current DrawdownCurrent decline from peak | -10.77% | -7.49% | -3.28% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -10.69% | +4.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.69% | +0.03% |
Volatility
FV vs. PDP - Volatility Comparison
The current volatility for First Trust Dorsey Wright Focus 5 ETF (FV) is 7.53%, while Invesco Dorsey Wright Momentum ETF (PDP) has a volatility of 9.98%. This indicates that FV experiences smaller price fluctuations and is considered to be less risky than PDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FV | PDP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 9.98% | -2.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.49% | 18.59% | -6.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 24.13% | -3.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.77% | 21.93% | -1.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.39% | 21.44% | -0.05% |