First Trust Dorsey Wright Focus 5 ETF
$73.97−0.57 (−0.76%)
- Expense ratio
- 0.30%
- Fund size
- $3.8B
- 1Y return
- +20.8%
- Yield · Last 12 months
- 0.49%
- Holdings
- 5
- Volume · 30D
- 0.1M sh
- NAV per share
- $73.83
- 52W range
The ETF.net FV Grade
Score 66 of 100 sits in the B 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.AScore 87Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 89Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 31Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 72Category 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.AScore 93Category rank
Our read on FV
BSector rotation in one ticker: FV holds five First Trust sector ETFs, equally weighted, chosen by Dorsey Wright relative strength and re-checked twice a month. Momentum investing on autopilot since 2014.
The ETF seeks to track, before fees and expenses, the price and yield of the Dorsey Wright Focus Five Index. The index uses relative strength to select five First Trust sector and industry ETFs from its universe, reviews selections twice monthly, and equally weights the positions.
Why people hold it
- One ticker does the rotating: relative strength picks five sector and industry ETFs, weights them equally, and reviews the lineup twice a month. No spreadsheet, no manual trades.ftportfolios.com
- The strategy is stated on the tin. Dorsey Wright's relative strength rules drive every pick, and momentum is advertised rather than buried in the fine print.ftportfolios.com
- Live since March 2014, now a multi-billion-dollar fund that trades in reasonable size and distributes quarterly. Long track record for a rules-based rotation strategy.
Worth knowing
- At 0.89% a year, it sits well above the median for index-tracking funds in its peer group, and a fund-of-funds build means costs sit at two levels.
- Five equal-weighted sector sleeves is a concentrated book, and whole sectors can enter or exit twice a month, so high turnover is part of the design.ftportfolios.com
- The selection menu is First Trust's own sector and industry ETFs, not the full universe of funds, so results ride on that lineup.
FV Holdings
- Stocks
- 5
- 100%
- FBT
Sectors
- Health Care41.2%
- Technology35.1%
- Industrials13.9%
- Consumer Discr.7.3%
- Communication2.0%
- Financials0.4%
- Energy0.1%
Geography
- United States100.00%
FV 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 | FV |
|---|---|
| Year to date | +18.7% |
| 1 month | +0.8% |
| 3 months | +0.9% |
| 1 year | +20.8% |
| 3 years | +19.8% |
| 5 years | +10.4% |
| 10 years | +13.1% |
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 | FV |
|---|---|---|
| 2026 YTD | +18.7% | |
| 2025 | +7.2% | |
| 2024 | +14.7% | |
| 2023 | +11.3% | |
| 2022 | −3.9% | |
| 2021 | +21.6% | |
| 2020 | +28.4% |
FV in the news
ETF.net Research hasn’t filed on FV yet — coverage lands here as it’s written.
FV Dividends
- 0.49%
- $0.36
- $0.08 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 25, 2026 | Jun 30, 2026 | $0.08 |
| Mar 26, 2026 | Mar 31, 2026 | $0.05 |
| Dec 12, 2025 | Dec 31, 2025 | $0.14 |
| Sep 25, 2025 | Sep 30, 2025 | $0.10 |
| Jun 26, 2025 | Jun 30, 2025 | $0.10 |
| Mar 27, 2025 | Mar 31, 2025 | $0.06 |
| Dec 13, 2024 | Dec 31, 2024 | $0.04 |
| Sep 26, 2024 | Sep 30, 2024 | $0.02 |
| Jun 27, 2024 | Jun 28, 2024 | $0.02 |
| Mar 21, 2024 | Mar 28, 2024 | $0.007 |
| Dec 22, 2023 | Dec 29, 2023 | $0.05 |
| Sep 22, 2023 | Sep 29, 2023 | $0.0096 |
FV Risk
- 18.5%
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.
- 0.67
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.
- −23.1%
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.
- 1.24
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FV Cost
- The middle half of Trend-Following / Tactical Index funds
- Median 0.60%
2 of the 20 Trend-Following / Tactical Index funds charge less.