DDIV
First Trust Dorsey Wright Momentum & Dividend ETF
The First Trust Dorsey Wright Momentum & Dividend ETF (formerly the First Trust RBA Quality Income ETF) tracks the Dorsey Wright Momentum Plus Dividend Yield Index, a rules-based equity index which holds the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
70.9 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust Advisors LP |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 10, 2014 |
| Assets (mns) | $71 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Proprietary |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KINDER MORGAN INC | 4.9 % |
| ANTERO MIDSTREAM PARTNERS LP | 4.8 % |
| SIMON PROPERTY GROUP INC | 4.5 % |
| ONEOK INC | 4.3 % |
| WILLIAMS COS INC | 3.9 % |
| DT MIDSTREAM, INC. | 3.7 % |
| BRIXMOR PROPERTY GROUP INC | 3.7 % |
| LAMAR ADVERTISING COMPANY CLASS A | 3.5 % |
| BLUE OWL CAPITAL INC CLASS A | 3.5 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 2.7 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 266 |
| Wgt avg mkt cap (mns) | $55,237 |
| Large cap (>$10bn) | 73.8% |
| Mid cap ($2-10bn) | 26.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.7 % |
 |
PUERTO RICO | 2.4 % |
 |
IRELAND | 2.1 % |
 |
SWITZERLAND | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.9% | 43.2% | 16.6% | 7.7% | 10.8% | 9.0% | 9.0% | Volatility | 13.9% | 14.2% | 15.4% | 18.5% | 24.5% | 19.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 75% |
| MSCI EAFE | 0.90 | 70% |
| MSCI Emg Mkts | 0.64 | 34% |
Liquidity Measures
| Avg. volume (000) | 13 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $14,864 |
Technical Indicators
| Recent close | $40.49 |
| 30d moving avg. | $37.26 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DDIV |
Expenses vs. DDIV |
ALTAR Score™ vs. DDIV |
|---|---|---|---|---|
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 37.9% | 0 bp | -2.1% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | 34.7% | 0 bp | +2.6% |
| ENFR | Alerian Energy Infrastructure ETF | 18.7% | -25 bp | -2.0% |
| EINC | VanEck Energy Income ETF | 18.7% | -12 bp | -2.4% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 18.7% | -15 bp | -2.3% |
| USAI | Pacer American Energy Independence ETF | 18.6% | +15 bp | -3.1% |
| UMI | USCF Midstream Energy Income Fund ETF | 18.5% | +25 bp | -2.4% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 18.0% | 0 bp | -1.0% |
| EMLP | First Trust North American Energy Infrastructure Fund | 17.2% | +35 bp | -1.5% |
| EIPI | FT Energy Income Partners Enhanced Income ETF | 17.1% | +50 bp | -0.9% |
Risk and Returns: DDIV vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/21/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DDIV
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
DDIV
5.9%
Cat. Avg
5.4%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.4% and a standard deviation of
2.4%. DDIV's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places DDIV in the 59th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DDIVSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| DDIV (60 bp) Percentile rank | 67 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DDIV | 60.0 | 12.2 | 72.2 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .