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ETFs

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

DVLU
$—
Today’s Change
— (—)

Snapshot
*

Inception Date
Sep 5, 2018
Expense Ratio
0.6%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$104,338
AUM
$20,520,045
Associated Index
Dorsey Wright Momentum Plus Value Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

DELL
Dell Technologies Inc - Ordinary Shares - Class C
4.21%
ORI
Old Republic International Corp.
3.35%
WLK
Westlake Corporation
3.04%
TOL
Toll Brothers Inc.
2.94%
LAD
Lithia Motors, Inc. - Ordinary Shares - Class A
2.94%
PHM
PulteGroup Inc
2.92%
TAP
Molson Coors Beverage Company - Ordinary Shares - Class B
2.84%
COF
Capital One Financial Corp.
2.83%
CAH
Cardinal Health, Inc.
2.78%
TXT
Textron Inc.
2.78%
Invest with DVLU
Trade DVLU Options

What is DVLU?

The First Trust Dorsey Wright Momentum & Value ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Dorsey Wright Momentum Plus Value 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"). The Dorsey Wright Momentum Plus Value Index is a rules-based equity index that is designed to track the overall performance of the 50 most undervalued stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. The Dorsey Wright Momentum Plus Index Family ( Indexes ) selects securities based on individual stock momentum plus a fundamental factor (value, dividend yield or volatility). Each security in the Index must pass minimum momentum requirements and greater weights are given to securities with better factor scores.

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DVLU
Performance Measures**

for the time period Sep 7, 2018 to Dec 4, 2025

Returns

1M Trailing Return: 5.7%

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

3M Trailing Return: 10.9%

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

Measures of Risk or Volatility

Max Drawdown: -53.2%

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

Standard Deviation: 26.3%

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: 0.49

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: 0.19

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

ETFs related toDVLU

ETFs correlated to DVLU include LSAF, SYLD, XMVM

DVLU
First Trust Exchange-Traded Fund VI - First Trust Dorsey Wright Momentum & Value ETF
LSAF
Two Roads Shared Trust - LeaderShares AlphaFactor US Core Equity ETF
SYLD
Cambria Investment Management LP - Cambria Shareholder Yield ETF
XMVM
Invesco Capital Management LLC - Invesco S&P MidCap Value with Momentum ETF
EZM
WisdomTree Trust - WisdomTree U.S. MidCap Fund
VBR
Vanguard Group, Inc. - Vanguard Small Cap Value ETF
DFAT
Dimensional ETF Trust - Dimensional U.S. Targeted Value ETF
PKW
Invesco Capital Management LLC - Invesco BuyBack Achievers ETF
AVUV
American Century ETF Trust - Avantis U.S. Small Cap Value ETF
XMMO
Invesco Capital Management LLC - Invesco S&P MidCap Momentum ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value 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

DVLU is a US Equities ETF. The First Trust Dorsey Wright Momentum & Value ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Dorsey Wright Momentum Plus Value 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"). The Dorsey Wright Momentum Plus Value Index is a rules-based equity index that is designed to track the overall performance of the 50 most undervalued stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. The Dorsey Wright Momentum Plus Index Family ( Indexes ) selects securities based on individual stock momentum plus a fundamental factor (value, dividend yield or volatility). Each security in the Index must pass minimum momentum requirements and greater weights are given to securities with better factor scores.

DVLU tracks the Dorsey Wright Momentum Plus Value Index.

No, DVLU 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, DVLU 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 DVLU is -0.0139%. This is the percent change in the value of DVLU over the most recent 1-month period. The 3-month return on DVLU is 0.0043%. This is the percent change in the value of DVLU over the most recent 3-month period.

The standard deviation of DVLU for the past year is 0.1996%. 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 DVLU include SPHQ, DSI, and QUAL.

ETFs correlated to DVLU include LSAF, SYLD, and XMVM.

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

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.