FVC vs. FV

Last updated Jun 4, 2026

FVC (First Trust Dorsey Wright Dynamic Focus 5 ETF) and FV (First Trust Dorsey Wright Focus 5 ETF) are both exchange-traded funds - FVC is a Hedge Fund fund tracking the Dorsey Wright Dynamic Focus Five Index, while FV is a Large Cap Growth Equities fund tracking the Dorsey Wright Focus Five Index. Both are passively managed. Over the past 10 years, FVC returned 8.62%/yr vs 13.45%/yr for FV. Their correlation of 0.94 suggests significant overlap in exposure. FVC charges 0.71%/yr vs 0.87%/yr for FV.

Performance

FVC vs. FV - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with FVC having a 17.30% return and FV slightly higher at 18.14%. Over the past 10 years, FVC has underperformed FV with an annualized return of 8.62%, while FV has yielded a comparatively higher 13.45% annualized return.

FVC

• 1D: 1.40%
• 1M: 11.30%
• YTD: 17.30%
• 6M: 17.97%
• 1Y: 23.41%
• 3Y*: 10.91%
• 5Y*: 4.98%
• 10Y*: 8.62%

FV

• 1D: 1.48%
• 1M: 11.69%
• YTD: 18.14%
• 6M: 18.84%
• 1Y: 28.90%
• 3Y*: 18.88%
• 5Y*: 10.37%
• 10Y*: 13.45%

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

FVC vs. FV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVC First Trust Dorsey Wright Dynamic Focus 5 ETF	17.30%	2.12%	12.43%	-4.59%	-6.03%	21.92%	12.71%	19.28%	-8.60%	19.74%
FV First Trust Dorsey Wright Focus 5 ETF	18.14%	7.23%	14.73%	11.34%	-3.93%	21.63%	28.36%	25.73%	-8.27%	19.97%

Correlation

The correlation between FVC and FV is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
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 21, 2016	0.94

The correlation between FVC and FV has been stable across timeframes, ranging from 0.93 to 0.95 - a consistent structural relationship.

FVC vs. FV - Sectors Allocation Comparison

Sectors	FVC	FV
Technology	29.0%	29.0%
Industrials	27.8%	27.8%
Financial Services	19.8%	19.8%
Healthcare	19.4%	19.4%
Energy	17.5%	17.5%
Consumer Cyclical	6.4%	6.4%
Communication Services	6.3%	6.3%
Real Estate	0.7%	0.7%
Basic Materials	-	-
Consumer Defensive	-	-
Utilities	-	-

Return for Risk

FVC vs. FV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FVC

FVC Risk / Return Rank: 49
FVC Sharpe Ratio Rank: 53
FVC Sortino Ratio Rank: 53
FVC Omega Ratio Rank: 61
FVC Calmar Ratio Rank: 36
FVC Martin Ratio Rank: 43

FV

FV Risk / Return Rank: 51
FV Sharpe Ratio Rank: 55
FV Sortino Ratio Rank: 54
FV Omega Ratio Rank: 53
FV Calmar Ratio Rank: 44
FV Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FVC vs. FV - 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 First Trust Dorsey Wright Focus 5 ETF (FV). 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.

	FVC	FV	Difference
Sharpe ratio: Return per unit of total volatility	1.82	1.91	-0.09
Sortino ratio: Return per unit of downside risk	2.55	2.62	-0.07
Omega ratio: Gain probability vs. loss probability	1.37	1.33	+0.04
Calmar ratio: Return relative to maximum drawdown	1.77	2.16	-0.39
Martin ratio: Return relative to average drawdown	6.94	8.12	-1.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVC vs. FV - Sharpe Ratio Comparison

The current FVC Sharpe Ratio is 1.82, which is comparable to the FV Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of FVC and FV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FVC	FV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.91	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.50	-0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.63	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.58	-0.08

Drawdowns

FVC vs. FV - Drawdown Comparison

The maximum FVC drawdown since its inception was -30.96%, smaller than the maximum FV drawdown of -34.04%. Use the drawdown chart below to compare losses from any high point for FVC and FV.

Drawdown Indicators

	FVC	FV	Difference
Max Drawdown Largest peak-to-trough decline	-30.96%	-34.04%	+3.08%
Max Drawdown (1Y) Largest decline over 1 year	-13.32%	-13.45%	+0.13%
Max Drawdown (3Y) Largest decline over 3 years	-14.75%	-23.08%	+8.33%
Max Drawdown (5Y) Largest decline over 5 years	-22.62%	-23.08%	+0.46%
Max Drawdown (10Y) Largest decline over 10 years	-30.96%	-34.04%	+3.08%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.06%	-5.80%	-1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.38%	3.57%	-0.19%

Volatility

FVC vs. FV - Volatility Comparison

First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) and First Trust Dorsey Wright Focus 5 ETF (FV) have volatilities of 4.29% and 4.25%, 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.

Volatility by Period

	FVC	FV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.29%	4.25%	+0.04%
Volatility (6M) Calculated over the trailing 6-month period	12.37%	12.54%	-0.17%
Volatility (1Y) Calculated over the trailing 1-year period	12.94%	15.22%	-2.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.30%	20.76%	-4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.61%	21.42%	-3.81%

FVC vs. FV - Expense Ratio Comparison

FVC has a 0.71% expense ratio, which is lower than FV's 0.87% expense ratio.

Dividends

FVC vs. FV - Dividend Comparison

FVC's dividend yield for the trailing twelve months is around 1.92%, more than FV's 0.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FV First Trust Dorsey Wright Focus 5 ETF	0.52%	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	1.92%	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

Can I hold both FVC and FV in my portfolio?

With a correlation of 0.95, FVC and FV 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.

Which is riskier, FVC or FV?

FVC has higher volatility (4.29%) compared to FV (4.25%). In terms of maximum drawdown, FVC dropped -30.96% vs FV's -34.04%.

Which ETF is better, FVC or FV?

On 10-year performance, FV leads with 13.45% vs 8.62% for FVC. On fees, FVC is cheaper at 0.71% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FVC or FV?

Over the 10-year period, FV has performed better with a 13.45% return vs 8.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FVC or FV?

FVC is cheaper with a 0.71% expense ratio, compared with 0.87% for FV.

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

FVC has the higher dividend yield at 1.92%, compared with 0.52% for FV.

What is the main difference between FVC and FV?

FVC is categorized as Hedge Fund, while FV is Large Cap Growth Equities. FVC tracks Dorsey Wright Dynamic Focus Five Index, while FV tracks Dorsey Wright Focus Five Index. Their fees differ too: 0.71% for FVC and 0.87% for FV.

Which has better risk-adjusted returns?

FV currently has the higher Sharpe Ratio (1.91 vs 1.82), 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.