DVOL vs. JOET ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to Virtus Terranova U.S. Quality Momentum ETF (JOET)

DVOL

First Trust Dorsey Wright Momentum & Low Volatility ETF

DVOL Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus 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 index is a rules-based equity index designed to track the overall performance of the 50 stocks comprising the NASDAQ US Large Mid Index that exhibit the lowest levels of volatility while still maintaining high levels of "relative strength." The fund is non-diversified.

Grade (RS Rating)

Last Trade

$36.19

Average Daily Volume

3,871

Number of Holdings ^*

* may have additional holdings in another (foreign) market

JOET

Virtus Terranova U.S. Quality Momentum ETF

JOET Description

The investment seeks investment results that correspond, before fees and expenses, to the price and yield performance of the Terranova U.S. Quality Momentum Index. Under normal market conditions, the fund will invest not less than 80% of its assets in component securities of the index. The index is designed to track the performance of quality large-capitalization companies listed in the United States. The index includes common stock and ADRs. The fund will invest not less than 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. securities.

Grade (RS Rating)

Last Trade

$40.34

Average Daily Volume

28,193

Number of Holdings ^*

124

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	JOET
30 Days	5.31%	6.28%
60 Days	9.13%	9.25%
90 Days	11.43%	11.89%
12 Months	35.52%	37.40%

20 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in JOET	Overlap
AFL	B	1.52%	0.76%	0.76%
ALL	A	1.26%	0.79%	0.79%
AMP	A	2.23%	0.83%	0.83%
BRO	B	2.22%	0.8%	0.8%
CB	C	2.52%	0.75%	0.75%
COST	A	1.68%	0.79%	0.79%
CTAS	B	2.64%	0.79%	0.79%
GWW	B	1.49%	0.81%	0.81%
HEI	A	1.37%	0.85%	0.85%
JPM	A	1.96%	0.81%	0.81%
MA	B	2.8%	0.78%	0.78%
MSFT	D	1.7%	0.76%	0.76%
PGR	A	1.09%	0.8%	0.8%
RSG	A	3.14%	0.79%	0.79%
TRV	B	1.23%	0.77%	0.77%
TW	A	0.98%	0.74%	0.74%
WAB	B	1.44%	0.78%	0.78%
WELL	A	2.64%	0.78%	0.78%
WMT	A	2.4%	0.78%	0.78%
WRB	A	0.96%	0.78%	0.78%

DVOL Overweight 30 Positions Relative to JOET

Symbol	Grade	Weight
TMUS	B	3.36%
V	A	3.05%
KMI	A	3.04%
DTM	A	2.98%
FI	A	2.92%
MMC	B	2.88%
WMB	A	2.83%
MSI	B	2.8%
INGR	C	2.75%
CACI	D	2.75%
TJX	A	2.68%
LIN	C	2.68%
NOC	D	2.49%
RTX	D	2.34%
HLT	A	2.31%
OKE	A	2.3%
PKG	A	2.07%
AM	A	1.77%
CW	C	1.65%
EHC	B	1.64%
AIG	B	1.4%
CAH	B	1.31%
ENSG	C	1.26%
PTC	B	1.22%
HLI	A	1.21%
SF	B	1.07%
BRX	A	1.04%
RGA	A	1.01%
MTG	C	0.95%
TDG	D	0.88%

DVOL Underweight 104 Positions Relative to JOET

Symbol	Grade	Weight
APP	B	-1.3%
AXON	A	-1.03%
PLTR	B	-1.0%
COIN	C	-0.98%
GRMN	B	-0.97%
SPOT	B	-0.94%
UAL	A	-0.91%
FTNT	C	-0.89%
DAL	B	-0.89%
IBKR	A	-0.89%
DOCU	B	-0.88%
SYF	B	-0.87%
CRWD	B	-0.87%
RCL	A	-0.87%
CRM	B	-0.86%
APO	B	-0.86%
DFS	B	-0.86%
NFLX	A	-0.85%
FCNCA	A	-0.85%
PH	A	-0.85%
PODD	C	-0.85%
SQ	A	-0.85%
AMZN	C	-0.85%
NOW	A	-0.84%
HWM	A	-0.84%
HBAN	A	-0.84%
CMI	A	-0.83%
PANW	B	-0.83%
CFG	B	-0.83%
RF	A	-0.83%
GM	C	-0.83%
VMC	B	-0.83%
PCAR	B	-0.82%
SYK	B	-0.82%
MTB	A	-0.82%
RJF	A	-0.82%
ORCL	A	-0.82%
ROL	B	-0.81%
IR	B	-0.81%
AXP	A	-0.81%
BR	A	-0.81%
VRT	B	-0.81%
ADSK	A	-0.81%
FAST	B	-0.81%
FITB	B	-0.81%
ETN	A	-0.8%
SPGI	C	-0.8%
DOV	A	-0.8%
ISRG	A	-0.8%
APH	A	-0.8%
TTD	B	-0.8%
CINF	A	-0.79%
DDOG	A	-0.79%
NTRS	A	-0.79%
IT	C	-0.79%
TT	A	-0.79%
NVDA	B	-0.79%
DECK	A	-0.79%
PFG	D	-0.78%
PYPL	B	-0.78%
TSCO	D	-0.78%
HIG	B	-0.78%
URI	C	-0.78%
BSX	A	-0.78%
PWR	A	-0.78%
BK	A	-0.77%
MLM	C	-0.77%
BRK.A	B	-0.77%
META	D	-0.76%
NVR	D	-0.76%
ACN	B	-0.76%
AMAT	F	-0.76%
NU	C	-0.75%
ANET	C	-0.75%
PSA	C	-0.75%
CMG	B	-0.75%
AVGO	D	-0.75%
CARR	C	-0.75%
CAT	B	-0.75%
ROST	D	-0.75%
LEN	D	-0.74%
EXR	C	-0.74%
CPNG	D	-0.74%
HUBB	B	-0.74%
KLAC	F	-0.73%
GD	D	-0.73%
PHM	D	-0.73%
ACGL	C	-0.72%
FSLR	F	-0.72%
QCOM	F	-0.72%
XYL	D	-0.71%
RMD	C	-0.71%
UBER	F	-0.7%
ADI	D	-0.7%
DHI	F	-0.69%
MELI	C	-0.69%
O	C	-0.69%
LLY	F	-0.67%
IRM	C	-0.67%
AMD	F	-0.66%
CHKP	C	-0.65%
CEG	C	-0.64%
MPWR	F	-0.49%
SMCI	F	-0.29%