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
67.9 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) | $68 |
| 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 | 4.1 % |
| WILLIAMS COS INC | 3.8 % |
| BLUE OWL CAPITAL INC CLASS A | 3.8 % |
| BRIXMOR PROPERTY GROUP INC | 3.7 % |
| DT MIDSTREAM, INC. | 3.7 % |
| LAMAR ADVERTISING COMPANY CLASS A | 3.6 % |
| ARES MANAGEMENT LP | 2.7 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 266 |
| Wgt avg mkt cap (mns) | $60,955 |
| Large cap (>$10bn) | 77.7% |
| Mid cap ($2-10bn) | 22.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.6 % |
 |
PUERTO RICO | 2.4 % |
 |
IRELAND | 2.1 % |
 |
SWITZERLAND | 1.8 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 36.5% | 44.8% | 19.5% | 11.9% | 12.7% | 9.7% | 9.9% | Volatility | 13.9% | 14.2% | 15.4% | 18.5% | 24.5% | 19.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 76% |
| MSCI EAFE | 0.90 | 64% |
| MSCI Emg Mkts | 0.60 | 29% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.12% |
| ADV of underlying (mns) | $16,147 |
Technical Indicators
| Recent close | $37.70 |
| 30d moving avg. | $40.02 |
| Annualized volatility | 19.5% |
| Relative strength (RSI) | 57 |
| Short interest (ETF) | 1.3% |
| Short interest (underlying) | 3.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
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 | 37.5% | 0 bp | -2.4% |
| DVLU | First Trust Dorsey Wright Momentum & Value ETF | 34.7% | 0 bp | +3.1% |
| MBOX | Freedom Day Dividend ETF | 18.6% | -21 bp | +1.2% |
| ENFR | Alerian Energy Infrastructure ETF | 18.2% | -25 bp | -2.3% |
| EINC | VanEck Energy Income ETF | 18.2% | -12 bp | -2.6% |
| MLPX | Global X MLP & Energy Infrastructure ETF | 18.2% | -15 bp | -2.5% |
| PFI | Invesco Dorsey Wright Financial Momentum ETF | 18.2% | 0 bp | -0.9% |
| USAI | Pacer American Energy Independence ETF | 18.2% | +15 bp | -3.3% |
| UMI | USCF Midstream Energy Income Fund ETF | 18.1% | +25 bp | -2.6% |
| TPYP | Tortoise North American Pipeline Fund | 16.3% | -20 bp | -2.0% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
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 12/20/2024
Peer Group Comparison Sample data. Subscribe for access.
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DDIV
6.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. DDIV's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places DDIV in the 64th 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 | 66 |
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. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .