DVLU
First Trust Dorsey Wright Momentum & Value ETF
The First Trust Dorsey Wright Momentum & Value ETF tracks a rules-based index consisting of the 50 most undervalued stocks in the NASDAQ US Large Mid Index that exhibit high levels of relative strength.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
32.3 M
ASSETS UNDER MGMT
60 bp
EXPENSES
Fund Basics
| Fund sponsor | First Trust |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Sep 05, 2018 |
| Assets (mns) | $32 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Fundamental |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| CAPITAL ONE FINANCIAL CORP | 3.6 % |
| REINSURANCE GROUP OF AMERICA | 3.3 % |
| JACKSON FINANCIAL INCORPORATION CLASS A | 3.2 % |
| TAYLOR MORRISON HOME CORP-A | 3.1 % |
| CARDINAL HEALTH INC | 3.1 % |
| TRAVELERS COS INC/THE | 3.0 % |
| DELL TECHNOLOGIES INC CLASS C | 2.9 % |
| KB HOME | 2.9 % |
| AMERICAN INTERNATIONAL GROUP | 2.9 % |
| OWENS CORNING | 2.8 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 232 |
| Wgt avg mkt cap (mns) | $44,868 |
| Large cap (>$10bn) | 71.0% |
| Mid cap ($2-10bn) | 28.9% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 93.0 % |
 |
PUERTO RICO | 2.7 % |
 |
SWITZERLAND | 2.3 % |
 |
BERMUDA | 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 | 17.4% | 42.1% | 17.1% | 9.1% | 11.8% | -- | 9.2% | Volatility | 16.2% | 17.2% | 18.1% | 21.7% | 28.7% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.03 | 65% |
| MSCI EAFE | 1.04 | 68% |
| MSCI Emg Mkts | 0.71 | 31% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.17% |
| ADV of underlying (mns) | $12,803 |
Technical Indicators
| Recent close | $32.34 |
| 30d moving avg. | $30.95 |
| Annualized volatility | 22.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 4.0% |
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. DVLU |
Expenses vs. DVLU |
ALTAR Score™ vs. DVLU |
|---|---|---|---|---|
| DDIV | First Trust Dorsey Wright Momentum & Dividend ETF | 34.7% | 0 bp | -2.6% |
| DVOL | First Trust Dorsey Wright Momentum & Low Volatility ETF | 21.9% | 0 bp | -4.7% |
| XHB | SPDR S&P Homebuilders ETF | 21.1% | -25 bp | +1.2% |
| XMMO | Invesco S&P MidCap Momentum ETF | 20.4% | -26 bp | -3.1% |
| SPVM | Invesco S&P 500 Value with Momentum ETF | 20.1% | -21 bp | -0.8% |
| WTV | WisdomTree US Value Fund of Benef Interest | 19.2% | -48 bp | +0.0% |
| ITB | iShares U.S. Home Construction ETF | 18.6% | -20 bp | +1.9% |
| SURE | AdvisorShares Insiders Advantage ETF | 18.3% | +30 bp | +0.6% |
| VAMO | Cambria Value & Momentum ETF | 17.6% | +1 bp | -0.4% |
| PEZ | Invesco Dorsey Wright Consumer Cyclicals Momentum ETF | 17.1% | 0 bp | -2.3% |
Risk and Returns: DVLU 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 11/22/2024
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
DVLU
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
DVLU
8.5%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. DVLU's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places DVLU in the 91st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DVLUSELL
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 |
| DVLU (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) |
|
|---|---|---|---|
| DVLU | 60.0 | 16.5 | 76.5 |
| Peer Avg. | 35.7 | 15.0 | 50.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .