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ETFs

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

DVOL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Sep 05 2018
Expense Ratio
0.60%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$98,318
AUM
$58,397,050
Associated Index
Dorsey Wright Momentum Plus Low Volatility Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

PG
Procter & Gamble Co.
3.25%
MCD
McDonald`s Corp
3.20%
RSG
Republic Services, Inc.
2.98%
WM
Waste Management, Inc.
2.91%
AJG
Arthur J. Gallagher & Co.
2.91%
CHE
Chemed Corp.
2.89%
MMC
Marsh & McLennan Cos., Inc.
2.87%
MRK
Merck & Co Inc
2.85%
YUM
Yum Brands Inc.
2.81%
ORI
Old Republic International Corp.
2.81%
Invest with DVOL

What is DVOL?

The First Trust Dorsey Wright Momentum & Low Volatility 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 Low Volatility 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").

ETFs related toDVOL

ETFs correlated to DVOL include SPLV, LGLV, FTCS

DVOL
First Trust Exchange-Traded Fund VI - First Trust Dorsey Wright Momentum & Low Volatility ETF
SPLV
Invesco Capital Management LLC - Invesco S&P 500 Low Volatility ETF
LGLV
SPDR Series Trust - SPDR SSGA US Large Cap Low Volatility Index ETF
FTCS
First Trust Exchange-Traded Fund III - First Trust Capital Strength ETF
USMV
BlackRock Institutional Trust Company N.A. - iShares MSCI USA Min Vol Factor ETF
FVD
First Trust Exchange-Traded Fund III - First Trust Value Line Dividend Index Fund
JEPI
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Equity Premium Income ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
MGV
Vanguard Group, Inc. - Vanguard Mega Cap Value ETF
NULV
Nuveen Fund Advisors LLC - Nuveen ESG Large-Cap Value ETF
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx 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.

Automated Strategies
Related toDVOL

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with DVOL using Composer

FAQ

DVOL is a US Equities ETF. The First Trust Dorsey Wright Momentum & Low Volatility 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 Low Volatility 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").

DVOL tracks the Dorsey Wright Momentum Plus Low Volatility Index.

No, DVOL 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, DVOL 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 DVOL is -0.005%. This is the percent change in the value of DVOL over the most recent 1-month period. The 3-month return on DVOL is -0.0158%. This is the percent change in the value of DVOL over the most recent 3-month period.

The standard deviation of DVOL for the past year is 0.1344%. 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 DVOL include SPHQ, MTUM, and SPHB.

ETFs correlated to DVOL include SPLV, LGLV, and FTCS.

ETFs that are inversely correlated to DVOL include SDOW, DOG, and DXD.

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.