First Trust Dorsey Wright Momentum & Low Volatility ETF
$35.60+0.02 (+0.06%)
- Expense ratio
- 0.60%
- Fund size
- $71M
- 1Y return
- +3.0%
- Yield · Last 12 months
- 0.79%
- Holdings
- 50
- Volume · 30D
- 0M sh
- NAV per share
- $35.72
- 52W range
The ETF.net DVOL Grade
Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 14Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 49Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 46Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.DScore 37Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 47Category rank
Our read on DVOL
DMomentum and low volatility usually pull in opposite directions. DVOL runs both screens through a Dorsey Wright index and lands on roughly 50 stocks that are climbing without much drama. A niche recipe, priced like one at 0.60%.
The Fund seeks to track, before fees and expenses, the price and yield performance of the Dorsey Wright Momentum Plus Low VolatilityTM Index.
Why people hold it
- Two factors, one ticket: the index screens for momentum and low volatility together instead of asking you to own a fund for each and hope they blend.ftportfolios.com
- Roughly 50 names, not 500. The factor tilt actually shows up in the portfolio instead of being watered down by hundreds of index leftovers.
- Live since 2018, so the rules have traded through real market shocks rather than existing only as a backtest.
- A published index calls the shots and cash goes out quarterly. No manager improvising between rebalances.ftportfolios.com
Worth knowing
- The 0.60% fee sits well above the typical multifactor fund. Large peers like VONV and FNDX charge a fraction of that, and the gap comes straight out of results.
- Volume is light for the category, so spreads and trade timing matter more here than with a mega-cap index fund.
- With about 50 holdings, individual names and whichever sectors currently clear the screen carry real weight versus a broad-market fund.
DVOL Holdings
- Stocks
- 50
- 30%
- BNY
Sectors
- Financials27.2%
- Industrials24.4%
- Real Estate12.7%
- Consumer Discr.10.0%
- Health Care5.1%
- Technology5.0%
- Energy4.8%
- Materials3.4%
- Cons. Staples3.0%
- Communication2.6%
- Utilities2.0%
Geography
- United States95.66%
- Puerto Rico2.76%
- Ireland1.57%
DVOL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DVOL |
|---|---|
| Year to date | +1.9% |
| 1 month | −4.4% |
| 3 months | −2.0% |
| 1 year | +3.0% |
| 3 years | +12.8% |
| 5 years | +5.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DVOL |
|---|---|---|
| 2026 YTD | +1.9% | |
| 2025 | +4.3% | |
| 2024 | +24.8% | |
| 2023 | +5.4% | |
| 2022 | −16.1% | |
| 2021 | +30.1% | |
| 2020 | +11.1% |
DVOL in the news
ETF.net Research hasn’t filed on DVOL yet — coverage lands here as it’s written.
DVOL Dividends
- 0.79%
- $0.28
- $0.10 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.10 |
| Mar 26, 2026 | Mar 31, 2026 | $0.03 |
| Dec 12, 2025 | Dec 31, 2025 | $0.10 |
| Sep 25, 2025 | Sep 30, 2025 | $0.05 |
| Jun 26, 2025 | Jun 30, 2025 | $0.06 |
| Mar 27, 2025 | Mar 31, 2025 | $0.09 |
| Dec 13, 2024 | Dec 31, 2024 | $0.11 |
| Sep 26, 2024 | Sep 30, 2024 | $0.02 |
| Jun 27, 2024 | Jun 28, 2024 | $0.04 |
| Mar 21, 2024 | Mar 28, 2024 | $0.05 |
| Dec 22, 2023 | Dec 29, 2023 | $0.13 |
| Sep 22, 2023 | Sep 29, 2023 | $0.03 |
DVOL Risk
- 12.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.66
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −24.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.68
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DVOL Cost
- The middle half of US Multifactor funds
- Median 0.30%
81 of the 98 US Multifactor funds charge less.