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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Dorsey Wright Momentum & Low Volatility ETF

DVOL | ETF

$35.27

$74 M

0.33%

$0.12

0.60%

Vitals

YTD Return

0.7%

1 yr return

-0.2%

3 Yr Avg Return

12.5%

5 Yr Avg Return

6.7%

Net Assets

$74 M

Holdings in Top 10

31.6%

52 WEEK LOW AND HIGH

$35.7
$33.71
$37.41

Expenses

OPERATING FEES

Expense Ratio 0.60%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

First Trust Dorsey Wright Momentum & Low Volatility ETF

DVOL | ETF

$35.27

$74 M

0.33%

$0.12

0.60%

DVOL - Profile

Distributions

  • YTD Total Return 0.7%
  • 3 Yr Annualized Total Return 12.5%
  • 5 Yr Annualized Total Return 6.7%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 0.36%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    First Trust Dorsey Wright Momentum & Low Volatility ETF
  • Fund Family Name
    First Trust Advisors L.P.
  • Inception Date
    Sep 05, 2018
  • Shares Outstanding
    4100002
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jon Erickson

Fund Description

Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the 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 Index is owned and was developed by Nasdaq, Inc. (the “Index Provider”). The Index Provider may, from time to time, exercise reasonable discretion as it deems appropriate in order to ensure Index integrity including, but not limited to, quantitative inclusion criteria. The Index Provider may also, due to special circumstances, if deemed essential, apply discretionary adjustments to ensure and maintain the high quality of the Index construction and calculation. According to the Index Provider, the Index is comprised of securities selected based on individual stock momentum and volatility. In order to be eligible for inclusion in the Index, securities must meet the eligibility criteria of and be included in the Nasdaq US Large Mid CapTM Index. A security must also meet the liquidity requirements of the Index in order to be eligible for inclusion in the Index. Securities from the same issuer will be subject to conditions controlled by the IndexProvider to determine Index eligibility. All securities in the Index universe are ranked using a proprietary relative strength (momentum) measure. Each security’s score is based on intermediate and long term price movements relative to a representative market benchmark. A security’s momentum is the rate at which its price is accelerating. Momentum investing strategies are based on the principle that securities that have recently risen or fallen in price will continue that trend and that, when evaluating two indices/securities, the index/security exhibiting the greater momentum will perform better. Eligible securities based on the proprietary relative strength analysis described above are assigned a volatility score based upon the daily percentage price changes over the trailing year. The 50 securities with the lowest volatility scores are selected for inclusion in the Index. Index security weights are determined by dividing each Index security’s volatility score inverse by the sum of the volatility score inverses of all Index securities. The Fund may invest in real estate investment trusts ("REITs"). The Index is reconstituted and rebalanced quarterly and the Fund will make corresponding changes to its portfolio shortly after the Index changes are made public. The Index’s quarterly rebalance and reconstitution schedule may cause the Fund to experience a higher rate of portfolio turnover. The Fund will be concentrated in an industry or a group of industries to the extent that the Index is so concentrated. As of December 31, 2025, the Fund had significant investments in financial companies and industrial companies, although this may change from time to time. The Fund’s Investments will change as the Index changes and, as a result, the Fund may have significant investments in jurisdictions or investment sectors that it may not have had as of December 31, 2025. To the extent the Fund invests a significant portion of its assets in a given jurisdiction or investment sector, the Fund may be exposed to the risks associated with that jurisdiction or investment sector.
Read More

DVOL - Performance

Return Ranking - Trailing

Period DVOL Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -13.2% 43.7% 95.95%
1 Yr -0.2% -15.7% 101.9% 98.24%
3 Yr 12.5%* 1.1% 41.0% 93.83%
5 Yr 6.7%* -3.9% 19.6% 93.53%
10 Yr N/A* 5.8% 55.9% 73.72%

* Annualized

Return Ranking - Calendar

Period DVOL Return Category Return Low Category Return High Rank in Category (%)
2025 3.4% -25.2% 36.9% 69.60%
2024 24.0% -51.6% 37.0% 5.02%
2023 4.0% -15.6% 47.4% 95.76%
2022 -17.3% -56.3% 1.1% 14.25%
2021 29.4% -27.2% 537.8% 2.45%

Total Return Ranking - Trailing

Period DVOL Return Category Return Low Category Return High Rank in Category (%)
YTD 0.7% -13.2% 43.7% 95.95%
1 Yr -0.2% -15.7% 101.9% 98.24%
3 Yr 12.5%* 1.1% 41.0% 93.83%
5 Yr 6.7%* -3.9% 19.6% 93.53%
10 Yr N/A* 5.8% 55.9% N/A

* Annualized

Total Return Ranking - Calendar

Period DVOL Return Category Return Low Category Return High Rank in Category (%)
2025 4.3% -3.4% 43.4% 96.83%
2024 24.8% -20.1% 44.5% 24.23%
2023 5.4% 0.3% 47.4% 99.29%
2022 -16.1% -31.9% 11.0% 31.79%
2021 30.1% 4.1% 537.8% 11.05%

DVOL - Holdings

Concentration Analysis

DVOL Category Low Category High DVOL % Rank
Net Assets 74 M 3.76 M 2.2 T 94.80%
Number of Holdings 51 2 3885 80.97%
Net Assets in Top 10 21.8 M 3.24 M 639 B 96.56%
Weighting of Top 10 31.57% 2.5% 102.7% 84.60%

Top 10 Holdings

  1. Entergy Corporation COM 3.95%
  2. Welltower Inc. COM 3.45%
  3. Mckesson Corp. COM 3.24%
  4. Ross Stores Inc COM 3.23%
  5. Ensign Group Inc COM 3.13%
  6. Walmart Inc COM 3.13%
  7. The Bank of New York Mellon Corp. COM 2.93%
  8. Cencora Inc COM 2.91%
  9. Hilton Worldwide Holdings Inc COM 2.86%
  10. Cardinal Health, Inc. COM 2.75%

Asset Allocation

Weighting Return Low Return High DVOL % Rank
Stocks 		99.92% 0.00% 105.13% 5.02%
Cash 		0.10% 0.00% 69.97% 86.96%
Preferred Stocks 		0.00% 0.00% 5.74% 49.69%
Other 		0.00% -13.91% 100.00% 57.27%
Convertible Bonds 		0.00% 0.00% 5.54% 46.86%
Bonds 		0.00% 0.00% 136.21% 48.81%

Stock Sector Breakdown

Weighting Return Low Return High DVOL % Rank
Real Estate 		31.91% 0.00% 31.91% 0.09%
Industrials 		24.84% 0.00% 29.90% 0.99%
Financial Services 		14.73% 0.00% 55.59% 30.64%
Healthcare 		8.51% 0.00% 52.29% 93.98%
Consumer Defense 		5.54% 0.00% 47.71% 80.41%
Technology 		4.84% 0.00% 48.94% 99.28%
Consumer Cyclical 		4.68% 0.00% 30.33% 94.70%
Utilities 		3.28% 0.00% 15.25% 18.87%
Energy 		1.68% 0.00% 41.64% 80.86%
Communication Services 		0.00% 0.00% 27.94% 99.46%
Basic Materials 		0.00% 0.00% 19.45% 96.59%

Stock Geographic Breakdown

Weighting Return Low Return High DVOL % Rank
US 		99.92% 0.00% 101.31% 3.35%
Non US 		0.00% 0.00% 70.69% 56.30%

DVOL - Expenses

Operational Fees

DVOL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.01% 4.93% 64.86%
Management Fee 0.60% 0.00% 1.89% 66.19%
12b-1 Fee 0.00% 0.00% 1.00% 8.91%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

DVOL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

DVOL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

DVOL Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 268.00% 85.13%

DVOL - Distributions

Dividend Yield Analysis

DVOL Category Low Category High DVOL % Rank
Dividend Yield 0.33% 0.00% 25.47% 62.29%

Dividend Distribution Analysis

DVOL Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly Quarterly

Net Income Ratio Analysis

DVOL Category Low Category High DVOL % Rank
Net Income Ratio 0.36% -54.00% 2.44% 70.66%

Capital Gain Distribution Analysis

DVOL Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

DVOL - Fund Manager Analysis

Managers

Jon Erickson

Start Date

Tenure

Tenure Rank

Sep 05, 2018

3.74

3.7%

Jon C. Erickson, CFA, was born in 1966. Mr. Erickson earned a B.S. in Computer Science from the University of Illinois and has an MBA from the University of Illinois in Finance. He has been with First Trust Advisors L.P. since 1994 and he is a Portfolio Manager and Senior Vice President. As the head of FTA’s Equity Research Group, Mr. Erickson shall be responsible for determining the securities to be purchased and sold by Funds that do not utilize quantitative investment strategies on behalf of the Investment Committee.

Roger Testin

Start Date

Tenure

Tenure Rank

Sep 05, 2018

3.74

3.7%

Roger F. Testin, CFA, was born in 1966. Mr. Testin earned a B.S. in Accounting from the University of Illinois and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2001 and he is a Portfolio Manager and Senior Vice President. As Product Manager for the VA’s, SMA’s and International Managed Products, Mr. Testin shall be responsible for the daily implementation and execution of the strategies for these product vehicles on behalf of the Investment Committee.

Daniel Lindquist

Start Date

Tenure

Tenure Rank

Sep 05, 2018

3.74

3.7%

Daniel J. Lindquist, CFA, was born in 1970. Mr. Lindquist earned a B.A. in Business Economics from Wheaton College and has an MBA in Finance from the University of Chicago. He has been with First Trust Advisors L.P. since 2004 and is a Managing Director. Mr. Lindquist is the Chairman of the Investment Committee and is responsible for the overall supervision of the Separate Managed Accounts.

David McGarel

Start Date

Tenure

Tenure Rank

Sep 05, 2018

3.74

3.7%

David G. McGarel, CFA, was born in 1966. Mr. McGarel earned a B.S. in Accounting from the University of Notre Dame. He has been with First Trust Advisors L.P. since 1997 and he is a Managing Director, Chief Operating Officer and the Chief Investment Officer. As head of FTA’s Strategy Research Group, Mr. McGarel shall be responsible for developing and implementing quantitative investment strategies for those Funds that have investment policies that require them to follow such strategies, on behalf of the Investment Committee.

Stan Ueland

Start Date

Tenure

Tenure Rank

Sep 05, 2018

3.74

3.7%

Mr. Ueland joined First Trust Advisors as a Vice President in August 2005 and has been a Senior Vice President of First Trust and FTP since September 2012. At First Trust, he plays an important role in executing the investment strategies of each portfolio of exchange-traded funds advised by First Trust. Before joining First Trust, he was vice president of sales at BondWave LLC from May 2004 through August 2005, an account executive for Mina Capital Management LLC and Samaritan Asset Management LLC from January 2003 through May 2004, and a sales consultant at Oracle Corporation from January 1997 through January 2003.

Chris Peterson

Start Date

Tenure

Tenure Rank

Sep 05, 2018

3.74

3.7%

Chris A. Peterson, CFA was born in 1975. Mr. Peterson earned a B.S in Finance from Bradley University and has an MBA from the University of Chicago Booth School of Business with concentrations in Analytic Finance & Accounting. He has been with First Trust Advisors L.P. since 2000. As head of FTA’s Portfolio Advisor’s Strategy Research Group, Mr. Peterson shall be responsible for developing and implementing quantitative equity strategies on behalf of the Investment Committee.

Erik Russo

Start Date

Tenure

Tenure Rank

Feb 01, 2021

1.33

1.3%

Mr. Russo is a Vice President of First Trust. He is responsible for implementing the investment strategies of each portfolio of exchange-traded funds advised by First Trust in his role as a Portfolio Manager. Mr. Russo joined First Trust in January of 2010.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 39.02 7.35 2.25

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