DVOL vs. LVOL ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to American Century Low Volatility ETF (LVOL)

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

$36.26

Average Daily Volume

3,466

Number of Holdings ^*

* may have additional holdings in another (foreign) market

LVOL

American Century Low Volatility ETF

LVOL Description

The investment seeks capital appreciation. The fund generally invests in common stocks of U.S. companies that have a market capitalization greater than $2 billion. It seeks to deliver a lower realized portfolio volatility than its benchmark, the S&P 500® Index, by utilizing a stock selection process that expands on traditional measures of price volatility by including measures of asymmetric volatility and seeking securities of businesses that demonstrate consistent cash-flows, stable operations, and strong balance sheets. The fund is an actively managed ETF that does not seek to replicate the performance of a specified index.

Grade (RS Rating)

Last Trade

$56.03

Average Daily Volume

251

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	LVOL
30 Days	5.98%	2.27%
60 Days	9.31%	3.47%
90 Days	12.19%	5.50%
12 Months	36.44%	22.98%

18 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in LVOL	Overlap
AMP	A	2.26%	0.71%	0.71%
CB	C	2.55%	0.65%	0.65%
COST	B	1.69%	1.75%	1.69%
CTAS	B	2.59%	1.79%	1.79%
CW	B	1.56%	0.12%	0.12%
FI	A	3.01%	0.99%	0.99%
GWW	B	1.47%	0.54%	0.54%
HLT	A	2.33%	0.15%	0.15%
LIN	D	2.68%	2.43%	2.43%
MA	C	2.74%	2.64%	2.64%
MMC	B	2.87%	1.82%	1.82%
MSFT	F	1.68%	7.69%	1.68%
MSI	B	2.8%	0.88%	0.88%
PKG	A	2.12%	0.24%	0.24%
PTC	A	1.21%	1.26%	1.21%
RSG	A	3.18%	1.01%	1.01%
V	A	3.05%	3.17%	3.05%
WMT	A	2.49%	0.83%	0.83%

DVOL Overweight 32 Positions Relative to LVOL

Symbol	Grade	Weight
TMUS	B	3.35%
KMI	A	3.16%
DTM	B	3.1%
WMB	A	2.96%
TJX	A	2.71%
WELL	A	2.69%
INGR	B	2.63%
OKE	A	2.44%
NOC	D	2.33%
RTX	C	2.28%
CACI	D	2.23%
BRO	B	2.19%
JPM	A	1.99%
AM	A	1.79%
EHC	B	1.6%
AFL	B	1.53%
HEI	B	1.46%
WAB	B	1.42%
AIG	B	1.41%
CAH	B	1.29%
ALL	A	1.27%
TRV	B	1.24%
ENSG	D	1.24%
HLI	B	1.23%
PGR	A	1.08%
BRX	A	1.08%
SF	B	1.06%
TW	A	1.03%
RGA	A	1.01%
WRB	A	0.98%
MTG	C	0.95%
TDG	D	0.85%

DVOL Underweight 80 Positions Relative to LVOL

Symbol	Grade	Weight
AAPL	C	-7.05%
AMZN	C	-2.9%
CSCO	B	-2.61%
PG	A	-2.59%
BRK.A	B	-2.48%
ACN	C	-2.47%
HD	A	-2.43%
GOOGL	C	-2.35%
JNJ	D	-2.1%
APH	A	-1.93%
MDT	D	-1.67%
SPGI	C	-1.54%
INTU	C	-1.53%
CTSH	B	-1.49%
MRK	F	-1.45%
ABT	B	-1.33%
HON	B	-1.32%
PAYX	C	-1.32%
DOX	D	-1.23%
BSX	B	-1.08%
PEP	F	-1.03%
SHW	A	-1.0%
ECL	D	-0.92%
GD	F	-0.9%
MCO	B	-0.85%
WM	A	-0.85%
CL	D	-0.84%
ITW	B	-0.8%
DOV	A	-0.79%
ADSK	A	-0.77%
ROP	B	-0.76%
EA	A	-0.75%
GOOG	C	-0.74%
LOW	D	-0.69%
TDY	B	-0.67%
HIG	B	-0.64%
BLK	C	-0.63%
SYK	C	-0.57%
PSA	D	-0.56%
NDSN	B	-0.55%
FAST	B	-0.54%
MCD	D	-0.53%
CRM	B	-0.52%
KMB	D	-0.5%
IT	C	-0.46%
VRSK	A	-0.46%
YUM	B	-0.43%
CMCSA	B	-0.41%
IBM	C	-0.4%
SNA	A	-0.4%
OTIS	C	-0.38%
NTAP	C	-0.37%
PH	A	-0.36%
NOW	A	-0.35%
IEX	B	-0.33%
ADP	B	-0.31%
BR	A	-0.3%
BMY	B	-0.27%
ABBV	D	-0.25%
AVB	B	-0.24%
CMI	A	-0.24%
ZBH	C	-0.22%
BKNG	A	-0.2%
HOLX	D	-0.2%
MAS	D	-0.19%
KO	D	-0.19%
AVY	D	-0.18%
MDLZ	F	-0.18%
FDS	B	-0.18%
MNST	C	-0.18%
VRSN	F	-0.18%
MSCI	C	-0.17%
FFIV	B	-0.16%
TROW	B	-0.16%
AMGN	D	-0.14%
JKHY	D	-0.14%
GGG	B	-0.08%
LSTR	D	-0.08%
DCI	B	-0.08%
CHE	D	-0.07%