VEGI vs. DVLU
VEGI (iShares MSCI Agriculture Producers ETF) and DVLU (First Trust Dorsey Wright Momentum & Value ETF) are both exchange-traded funds - VEGI is a Mid Cap Value Equities fund tracking the MSCI ACWI Select Agriculture Producers Investable Market Index, while DVLU is a Momentum fund tracking the Dorsey Wright Momentum Plus Value Index. Both are passively managed. Over the past 5 years, VEGI returned 3.64%/yr vs 12.25%/yr for DVLU. A 0.69 correlation means they provide meaningful diversification when combined. VEGI charges 0.39%/yr vs 0.60%/yr for DVLU.
Performance
VEGI vs. DVLU - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, VEGI achieves a 11.86% return, which is significantly higher than DVLU's 10.79% return.
VEGI
- 1D
- -0.88%
- 1M
- -1.59%
- YTD
- 11.86%
- 6M
- 11.31%
- 1Y
- 7.98%
- 3Y*
- 5.45%
- 5Y*
- 3.64%
- 10Y*
- 8.41%
DVLU
- 1D
- 0.30%
- 1M
- 4.14%
- YTD
- 10.79%
- 6M
- 8.85%
- 1Y
- 36.17%
- 3Y*
- 21.46%
- 5Y*
- 12.25%
- 10Y*
- —
VEGI vs. DVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
VEGI iShares MSCI Agriculture Producers ETF | 11.86% | 11.34% | -4.85% | -8.59% | 6.34% | 21.56% | 20.06% | 13.52% | -7.93% |
DVLU First Trust Dorsey Wright Momentum & Value ETF | 10.79% | 23.67% | 13.36% | 18.84% | -9.73% | 41.67% | -6.68% | 33.59% | -24.03% |
Correlation
The correlation between VEGI and DVLU is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2018 | 0.69 |
Over the past year, the correlation between VEGI and DVLU has dropped to 0.41 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
VEGI vs. DVLU — Risk / Return Rank
VEGI
DVLU
VEGI vs. DVLU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Agriculture Producers ETF (VEGI) and First Trust Dorsey Wright Momentum & Value ETF (DVLU). 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.
| VEGI | DVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.17 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.38 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 0.93 | 2.97 | -2.04 |
| Martin ratioReturn relative to average drawdown | 1.89 | 10.71 | -8.81 |
Loading charts...
Drawdowns
VEGI vs. DVLU - Drawdown Comparison
The maximum VEGI drawdown since its inception was -37.37%, smaller than the maximum DVLU drawdown of -53.26%. Use the drawdown chart below to compare losses from any high point for VEGI and DVLU.
Loading charts...
Drawdown Indicators
| VEGI | DVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.37% | -53.26% | +15.89% |
Max Drawdown (1Y)Largest decline over 1 year | -8.61% | -12.24% | +3.63% |
Max Drawdown (3Y)Largest decline over 3 years | -17.71% | -24.86% | +7.15% |
Max Drawdown (5Y)Largest decline over 5 years | -28.86% | -24.86% | -4.00% |
Max Drawdown (10Y)Largest decline over 10 years | -37.37% | — | — |
Current DrawdownCurrent decline from peak | -8.52% | -0.65% | -7.87% |
Average DrawdownAverage peak-to-trough decline | -9.81% | -8.73% | -1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.39% | +0.84% |
Volatility
VEGI vs. DVLU - Volatility Comparison
iShares MSCI Agriculture Producers ETF (VEGI) has a higher volatility of 4.12% compared to First Trust Dorsey Wright Momentum & Value ETF (DVLU) at 3.70%. This indicates that VEGI's price experiences larger fluctuations and is considered to be riskier than DVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| VEGI | DVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.12% | 3.70% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.03% | 12.34% | -0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.91% | 16.43% | -1.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.85% | 21.39% | -3.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.89% | 25.73% | -6.84% |
VEGI vs. DVLU - Expense Ratio Comparison
VEGI has a 0.39% expense ratio, which is lower than DVLU's 0.60% expense ratio.
Dividends
VEGI vs. DVLU - Dividend Comparison
VEGI's dividend yield for the trailing twelve months is around 2.00%, more than DVLU's 0.62% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVLU First Trust Dorsey Wright Momentum & Value ETF | 0.62% | 0.73% | 1.06% | 1.34% | 2.18% | 1.33% | 1.34% | 1.71% | 0.58% | 0.00% | 0.00% | 0.00% |
VEGI iShares MSCI Agriculture Producers ETF | 2.00% | 2.33% | 2.62% | 2.54% | 1.49% | 1.46% | 1.55% | 1.84% | 2.02% | 1.75% | 2.13% | 2.49% |
Frequently Asked Questions
VEGI and DVLU have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VEGI has higher volatility (4.12%) compared to DVLU (3.70%). In terms of maximum drawdown, VEGI dropped -37.37% vs DVLU's -53.26%.
On 5-year performance, DVLU leads with 12.25% vs 3.64% for VEGI. On fees, VEGI is cheaper at 0.39% per year. On volatility, DVLU has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DVLU has performed better with a 12.25% return vs 3.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VEGI is cheaper with a 0.39% expense ratio, compared with 0.60% for DVLU.
VEGI has the higher dividend yield at 2.00%, compared with 0.62% for DVLU.
VEGI is categorized as Mid Cap Value Equities, while DVLU is Momentum. VEGI tracks MSCI ACWI Select Agriculture Producers Investable Market Index, while DVLU tracks Dorsey Wright Momentum Plus Value Index. They also come from different issuers: iShares and First Trust. Their fees differ too: 0.39% for VEGI and 0.60% for DVLU.
DVLU currently has the higher Sharpe Ratio (2.22 vs 0.54), 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.
Find the right allocation for VEGI and DVLU
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer