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ETFs

First Trust Exchange-Traded Fund VI First Trust Dorsey Wright Momentum & Dividend ETF

DDIV
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Mar 11, 2014
Expense Ratio
0.6%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$195,566
AUM
$42,060,056
Associated Index
Dorsey Wright Momentum Plus Dividend Yield Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with DDIV
Trade DDIV Options

What is DDIV?

The First Trust Dorsey Wright Momentum & Dividend ETF, formerly the First Trust RBA Quality Income ETF, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq Dorsey Wright Momentum + Yield Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider").

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DDIV
Performance Measures**

for the time period Mar 11, 2014 to Dec 4, 2025

Returns

1M Trailing Return: 6.1%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 5.4%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -47.5%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 18.8%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.57

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.20

The annualized return divided by the max drawdown for the selected time period.

ETFs related toDDIV

ETFs correlated to DDIV include IWS, VOE, ONEY

DDIV
First Trust Exchange-Traded Fund III - First Trust Dorsey Wright Momentum & Dividend ETF
IWS
BlackRock Institutional Trust Company N.A. - iShares Russell Mid-Cap Value ETF
VOE
Vanguard Group, Inc. - Vanguard Mid-Cap Value ETF
ONEY
SPDR Series Trust - SPDR Russell 1000 Yield Focus ETF
DON
WisdomTree Trust - WisdomTree U.S. MidCap Dividend Fund
IMCV
BlackRock Institutional Trust Company N.A. - iShares Morningstar Mid-Cap Value ETF
JPME
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Mid Cap Equity ETF
EQAL
Invesco Capital Management LLC - Invesco Russell 1000 Equal Weight ETF
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
JHMM
John Hancock Investment Management LLC - John Hancock Multifactor Mid Cap ETF
JPUS
J.P.Morgan Investment Management Inc. - JPMorgan Diversified Return U.S. Equity ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

DDIV is a US Equities ETF. The First Trust Dorsey Wright Momentum & Dividend ETF, formerly the First Trust RBA Quality Income ETF, seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Nasdaq Dorsey Wright Momentum + Yield Index (the "Index"). Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider").

DDIV tracks the Dorsey Wright Momentum Plus Dividend Yield Index.

DDIV dividend information: Dividend - High Yield. Dividend payouts may vary in terms of frequency of payouts.

No, DDIV is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, DDIV is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on DDIV is 0.0057%. This is the percent change in the value of DDIV over the most recent 1-month period. The 3-month return on DDIV is 0.0284%. This is the percent change in the value of DDIV over the most recent 3-month period.

The standard deviation of DDIV for the past year is 0.1842%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to DDIV include SPHQ, DSI, and QUAL.

ETFs correlated to DDIV include IWS, VOE, and ONEY.

ETFs that are inversely correlated to DDIV include RWM, TWM, and TZA.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.