DVOL vs. ULVM ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to VictoryShares USAA MSCI USA Value Momentum ETF (ULVM)

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

$30.60

Average Daily Volume

2,607

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ULVM

VictoryShares USAA MSCI USA Value Momentum ETF

ULVM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the MSCI USA Select Value Momentum Blend Index. Under normal circumstances, the fund seeks to achieve its investment objective by investing at least 80% of its assets in securities in the index. The index is designed to deliver exposure to equity securities of large- and mid-capitalization U.S. issuers within the MSCI USA Index (the parent index) that have higher exposure to value and momentum factors, while also maintaining moderate index turnover and lower realized volatility than traditional capitalization-weighted indexes.

Grade (RS Rating)

Last Trade

$75.11

Average Daily Volume

308

Number of Holdings ^*

123

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	ULVM
30 Days	1.08%	0.06%
60 Days	3.55%	2.83%
90 Days	0.34%	-0.34%
12 Months	19.33%	21.84%

18 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in ULVM	Overlap
AFL	A	1.77%	1.0%	1.0%
AIG	C	1.33%	1.07%	1.07%
CAH	B	1.43%	0.82%	0.82%
COST	B	2.86%	1.3%	1.3%
CPRT	C	1.07%	0.87%	0.87%
GWW	D	1.05%	0.8%	0.8%
HCA	A	1.07%	0.88%	0.88%
IBM	B	2.02%	0.87%	0.87%
JPM	B	2.68%	1.29%	1.29%
KR	D	1.08%	1.01%	1.01%
MCK	A	2.16%	1.09%	1.09%
PCAR	D	1.29%	0.89%	0.89%
PKG	B	0.9%	0.86%	0.86%
REGN	A	1.44%	0.93%	0.93%
TDG	B	1.38%	0.96%	0.96%
TJX	A	3.25%	1.31%	1.31%
WAB	D	2.5%	1.15%	1.15%
WELL	B	1.11%	0.91%	0.91%

DVOL Overweight 30 Positions Relative to ULVM

Symbol	Grade	Weight
WMT	B	3.38%
RSG	A	3.31%
MMC	B	3.14%
APH	B	3.09%
V	C	3.03%
MSI	A	2.91%
AJG	B	2.84%
CW	B	2.69%
MA	C	2.65%
OTIS	C	2.63%
AME	D	2.62%
ORI	C	2.57%
ITW	D	2.42%
TRV	D	2.4%
CTAS	A	2.21%
NDSN	D	2.14%
DRI	C	1.99%
ORLY	B	1.8%
HLT	A	1.76%
FAST	D	1.68%
PTC	C	1.65%
PRI	B	1.57%
RGA	B	1.52%
GRMN	B	1.32%
CHE	D	1.3%
HWM	B	1.14%
ENSG	B	1.1%
AOS	D	0.99%
VMC	D	0.99%
OKE	B	0.98%

DVOL Underweight 105 Positions Relative to ULVM

Symbol	Grade	Weight
BRK.A	B	-1.47%
L	C	-1.36%
VST	B	-1.2%
HIG	A	-1.18%
DUK	C	-1.13%
GD	B	-1.11%
DGX	B	-1.08%
HPQ	B	-1.04%
ED	D	-1.04%
BSX	A	-1.04%
AVB	A	-1.01%
ETR	D	-0.97%
ESS	B	-0.96%
BK	B	-0.95%
MSFT	A	-0.94%
EXPD	B	-0.94%
MU	C	-0.92%
AMGN	B	-0.91%
C	C	-0.91%
CBOE	D	-0.91%
LYB	C	-0.9%
KHC	D	-0.9%
AXP	C	-0.9%
IRM	A	-0.9%
HPE	B	-0.89%
IR	C	-0.89%
FOXA	A	-0.88%
VICI	D	-0.88%
GE	D	-0.87%
CRBG	B	-0.87%
GOOGL	A	-0.84%
ETN	D	-0.83%
TSN	C	-0.83%
SNA	D	-0.82%
WFC	D	-0.81%
NWSA	A	-0.8%
SPG	B	-0.8%
EXC	D	-0.79%
FNF	D	-0.79%
FANG	C	-0.78%
DD	B	-0.78%
PFE	C	-0.78%
LII	B	-0.78%
PSX	C	-0.76%
CTSH	C	-0.76%
AVGO	C	-0.76%
FICO	A	-0.76%
NBIX	C	-0.75%
DELL	B	-0.74%
GILD	C	-0.74%
T	A	-0.74%
NVDA	C	-0.73%
MPC	C	-0.73%
OC	C	-0.72%
FDX	C	-0.72%
VLO	C	-0.72%
SYF	B	-0.72%
TXT	D	-0.72%
VZ	B	-0.71%
AKAM	F	-0.71%
KKR	B	-0.71%
MRO	B	-0.71%
NVR	C	-0.71%
COF	D	-0.7%
WLK	D	-0.7%
PH	D	-0.69%
GM	B	-0.69%
WY	F	-0.68%
LLY	A	-0.68%
RCL	A	-0.67%
DLR	B	-0.66%
KIM	B	-0.66%
FCNCA	D	-0.66%
CNC	D	-0.63%
HST	D	-0.63%
RS	D	-0.62%
CBRE	C	-0.62%
CE	D	-0.61%
PHM	D	-0.6%
LEN	D	-0.59%
CI	C	-0.58%
ADM	F	-0.58%
MOH	F	-0.57%
STLD	D	-0.57%
CVS	D	-0.57%
NUE	F	-0.56%
DHI	D	-0.56%
UHAL	D	-0.56%
VTRS	D	-0.54%
DECK	C	-0.54%
CRWD	A	-0.53%
F	C	-0.53%
MRNA	C	-0.5%
META	B	-0.5%
GPN	F	-0.49%
ARE	C	-0.47%
URI	C	-0.46%
UBER	B	-0.45%
VRT	C	-0.45%
WBA	F	-0.35%
JBL	F	-0.35%
INTC	F	-0.34%
BLDR	F	-0.31%
SMCI	C	-0.24%
GEV	B	-0.23%