FVC vs. ADME
FVC (First Trust Dorsey Wright Dynamic Focus 5 ETF) and ADME (Aptus Drawdown Managed Equity ETF) are both Hedge Fund funds - FVC tracks the Dorsey Wright Dynamic Focus Five Index while ADME tracks the Aptus Behavioral Momentum Index. Both are passively managed. Over the past 10 years, FVC returned 8.56%/yr vs 8.68%/yr for ADME. A 0.76 correlation means they provide meaningful diversification when combined. FVC charges 0.71%/yr vs 0.79%/yr for ADME.
Performance
FVC vs. ADME - Performance Comparison
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Returns By Period
In the year-to-date period, FVC achieves a 14.86% return, which is significantly higher than ADME's 6.86% return. Both investments have delivered pretty close results over the past 10 years, with FVC having a 8.56% annualized return and ADME not far ahead at 8.68%.
FVC
- 1D
- -0.05%
- 1M
- 1.47%
- YTD
- 14.86%
- 6M
- 13.30%
- 1Y
- 20.47%
- 3Y*
- 9.81%
- 5Y*
- 4.32%
- 10Y*
- 8.56%
ADME
- 1D
- -0.47%
- 1M
- -1.77%
- YTD
- 6.86%
- 6M
- 5.48%
- 1Y
- 16.02%
- 3Y*
- 15.94%
- 5Y*
- 7.32%
- 10Y*
- 8.68%
FVC vs. ADME - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 14.86% | 2.12% | 12.43% | -4.59% | -6.03% | 21.92% | 12.71% | 19.28% | -8.60% | 19.74% |
ADME Aptus Drawdown Managed Equity ETF | 6.86% | 10.28% | 22.11% | 15.42% | -21.80% | 20.24% | 18.21% | 9.31% | -6.05% | 17.58% |
Correlation
The correlation between FVC and ADME is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2016 | 0.76 |
The correlation between FVC and ADME has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
FVC vs. ADME — Risk / Return Rank
FVC
ADME
FVC vs. ADME - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) and Aptus Drawdown Managed Equity ETF (ADME). 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.
| FVC | ADME | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 1.27 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 2.15 | -0.61 |
| Martin ratioReturn relative to average drawdown | 6.00 | 8.85 | -2.85 |
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Drawdowns
FVC vs. ADME - Drawdown Comparison
The maximum FVC drawdown since its inception was -30.96%, which is greater than ADME's maximum drawdown of -27.49%. Use the drawdown chart below to compare losses from any high point for FVC and ADME.
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Drawdown Indicators
| FVC | ADME | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.96% | -27.49% | -3.47% |
Max Drawdown (1Y)Largest decline over 1 year | -13.32% | -7.49% | -5.83% |
Max Drawdown (3Y)Largest decline over 3 years | -14.75% | -15.67% | +0.92% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -23.43% | +0.81% |
Max Drawdown (10Y)Largest decline over 10 years | -30.96% | -27.49% | -3.47% |
Current DrawdownCurrent decline from peak | -2.17% | -3.39% | +1.22% |
Average DrawdownAverage peak-to-trough decline | -7.03% | -7.89% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.42% | 1.82% | +1.60% |
Volatility
FVC vs. ADME - Volatility Comparison
First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) has a higher volatility of 6.76% compared to Aptus Drawdown Managed Equity ETF (ADME) at 4.57%. This indicates that FVC's price experiences larger fluctuations and is considered to be riskier than ADME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FVC | ADME | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.76% | 4.57% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.66% | 8.64% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.35% | 10.71% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.49% | 13.00% | +3.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.68% | 14.45% | +3.23% |
FVC vs. ADME - Expense Ratio Comparison
FVC has a 0.71% expense ratio, which is lower than ADME's 0.79% expense ratio.
Dividends
FVC vs. ADME - Dividend Comparison
FVC's dividend yield for the trailing twelve months is around 1.96%, more than ADME's 0.38% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
ADME Aptus Drawdown Managed Equity ETF | 0.38% | 0.38% | 0.47% | 0.78% | 0.73% | 0.26% | 0.41% | 0.70% | 0.86% | 0.32% | 0.69% |
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF | 1.96% | 2.57% | 0.78% | 1.89% | 1.50% | 0.09% | 0.21% | 1.07% | 0.24% | 0.63% | 0.67% |
Frequently Asked Questions
FVC and ADME have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FVC has higher volatility (6.76%) compared to ADME (4.57%). In terms of maximum drawdown, FVC dropped -30.96% vs ADME's -27.49%.
On 10-year performance, ADME leads with 8.68% vs 8.56% for FVC. On fees, FVC is cheaper at 0.71% per year. On volatility, ADME has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, ADME has performed better with a 8.68% return vs 8.56%. 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 0.79% for ADME.
FVC has the higher dividend yield at 1.96%, compared with 0.38% for ADME.
FVC tracks Dorsey Wright Dynamic Focus Five Index, while ADME tracks Aptus Behavioral Momentum Index. They also come from different issuers: First Trust and Aptus Capital Advisors. Their fees differ too: 0.71% for FVC and 0.79% for ADME.
ADME currently has the higher Sharpe Ratio (1.51 vs 1.43), 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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