DVOL vs. SPMO ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to PowerShares S&P 500 Momentum Portfolio (SPMO)

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

SPMO

PowerShares S&P 500 Momentum Portfolio

SPMO Description

The investment seeks investment results that generally correspond (before fees and expenses) to the price and yield of the S&P 500 Momentum Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in common stocks that comprise the underlying index. The underlying index is designed to track the performance of approximately 100 stocks in the S&P 500 Index that have the highest "momentum score." In general, momentum is the tendency of an investment to exhibit persistence in its relative performance. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$95.58

Average Daily Volume

717,934

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	SPMO
30 Days	5.98%	2.84%
60 Days	9.31%	5.10%
90 Days	12.19%	6.74%
12 Months	36.44%	54.82%

26 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in SPMO	Overlap
AFL	B	1.52%	0.38%	0.38%
AIG	B	1.4%	0.33%	0.33%
ALL	A	1.26%	0.46%	0.46%
BRO	B	2.22%	0.21%	0.21%
CB	C	2.52%	0.84%	0.84%
COST	B	1.68%	3.79%	1.68%
CTAS	B	2.64%	0.72%	0.72%
FI	A	2.92%	0.78%	0.78%
GWW	B	1.49%	0.32%	0.32%
HLT	A	2.31%	0.43%	0.43%
JPM	A	1.96%	5.38%	1.96%
KMI	A	3.04%	0.32%	0.32%
MSI	B	2.8%	0.67%	0.67%
OKE	A	2.3%	0.38%	0.38%
PGR	A	1.09%	1.61%	1.09%
PKG	A	2.07%	0.14%	0.14%
RSG	A	3.14%	0.33%	0.33%
RTX	C	2.34%	1.01%	1.01%
TDG	D	0.88%	0.56%	0.56%
TJX	A	2.68%	0.99%	0.99%
TMUS	B	3.36%	0.99%	0.99%
WAB	B	1.44%	0.22%	0.22%
WELL	A	2.64%	0.57%	0.57%
WMB	A	2.83%	0.45%	0.45%
WMT	A	2.4%	2.39%	2.39%
WRB	A	0.96%	0.12%	0.12%

DVOL Overweight 24 Positions Relative to SPMO

Symbol	Grade	Weight
V	A	3.05%
DTM	B	2.98%
MMC	B	2.88%
MA	C	2.8%
INGR	B	2.75%
CACI	D	2.75%
LIN	D	2.68%
NOC	D	2.49%
AMP	A	2.23%
AM	A	1.77%
MSFT	F	1.7%
CW	B	1.65%
EHC	B	1.64%
HEI	B	1.37%
CAH	B	1.31%
ENSG	D	1.26%
TRV	B	1.23%
PTC	A	1.22%
HLI	B	1.21%
SF	B	1.07%
BRX	A	1.04%
RGA	A	1.01%
TW	A	0.98%
MTG	C	0.95%

DVOL Underweight 72 Positions Relative to SPMO

Symbol	Grade	Weight
NVDA	C	-10.2%
AMZN	C	-9.74%
META	D	-6.24%
BRK.A	B	-6.07%
AVGO	D	-5.46%
LLY	F	-5.19%
GE	D	-2.09%
GS	A	-1.47%
AXP	A	-1.39%
IBM	C	-1.27%
KKR	A	-1.23%
T	A	-1.15%
AMGN	D	-1.04%
BSX	B	-0.98%
ETN	A	-0.96%
ANET	C	-0.92%
C	A	-0.89%
TT	A	-0.85%
MCK	B	-0.81%
VRTX	F	-0.77%
REGN	F	-0.72%
ICE	C	-0.65%
APH	A	-0.65%
CL	D	-0.62%
VST	B	-0.59%
CEG	D	-0.58%
FICO	B	-0.57%
GD	F	-0.55%
BK	A	-0.54%
KLAC	D	-0.53%
PH	A	-0.52%
TRGP	B	-0.47%
CMG	B	-0.47%
AJG	B	-0.44%
WM	A	-0.44%
HWM	A	-0.44%
HIG	B	-0.38%
IRM	D	-0.37%
URI	B	-0.36%
IR	B	-0.34%
PRU	A	-0.33%
ECL	D	-0.33%
GDDY	A	-0.31%
AXON	A	-0.3%
PSX	C	-0.3%
GRMN	B	-0.29%
RCL	A	-0.28%
MPC	D	-0.27%
PEG	A	-0.27%
COR	B	-0.26%
IT	C	-0.24%
NRG	B	-0.23%
FANG	D	-0.22%
LDOS	C	-0.21%
VLTO	D	-0.21%
NDAQ	A	-0.21%
FITB	A	-0.2%
WTW	B	-0.2%
NTAP	C	-0.19%
MLM	B	-0.19%
PHM	D	-0.18%
SYF	B	-0.17%
DECK	A	-0.17%
TYL	B	-0.16%
NVR	D	-0.15%
STX	D	-0.15%
BR	A	-0.15%
CBOE	B	-0.13%
L	A	-0.11%
UHS	D	-0.09%
NWSA	B	-0.07%
NWS	B	-0.02%