DVOL vs. VFMV ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to Vanguard U.S. Minimum Volatility ETF (VFMV)

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

$33.05

Average Daily Volume

5,828

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VFMV

Vanguard U.S. Minimum Volatility ETF

VFMV Description

The investment seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market. The fund invests primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$121.10

Average Daily Volume

7,210

Number of Holdings ^*

146

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	VFMV
30 Days	1.83%	0.83%
60 Days	6.07%	3.76%
90 Days	9.25%	6.93%
12 Months	32.59%	27.18%

10 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in VFMV	Overlap
AAPL	C	0.95%	0.64%	0.64%
MCK	F	2.07%	1.5%	1.5%
MSFT	C	1.46%	0.45%	0.45%
MSI	B	2.79%	0.03%	0.03%
REGN	D	2.67%	1.27%	1.27%
RSG	D	3.29%	1.39%	1.39%
TJX	C	2.82%	1.56%	1.56%
TRV	C	2.31%	0.43%	0.43%
V	C	3.21%	0.44%	0.44%
WMT	B	2.8%	1.47%	1.47%

DVOL Overweight 38 Positions Relative to VFMV

Symbol	Grade	Weight
MA	B	3.08%
MMC	C	3.05%
CW	B	2.92%
LIN	B	2.84%
AMP	B	2.62%
BRO	C	2.61%
OTIS	B	2.6%
CTAS	C	2.55%
JPM	D	2.53%
CACI	B	2.46%
COST	C	2.44%
AIG	D	2.39%
OKE	C	2.34%
AFL	A	2.22%
HLT	B	1.99%
WELL	C	1.96%
WAB	B	1.93%
RGA	C	1.86%
GWW	B	1.67%
MAR	B	1.63%
ENSG	D	1.61%
PKG	B	1.49%
PTC	C	1.44%
TDG	B	1.37%
AOS	B	1.35%
AXP	B	1.33%
CPRT	D	1.31%
SF	B	1.26%
TRGP	C	1.24%
HLI	C	1.23%
GS	B	1.22%
SPG	B	1.16%
TW	B	1.15%
USFD	C	1.14%
ITT	B	1.02%
IR	B	0.96%
WFC	D	0.9%
TXRH	B	0.89%

DVOL Underweight 136 Positions Relative to VFMV

Symbol	Grade	Weight
CVLT	B	-1.63%
NTAP	D	-1.57%
TMUS	B	-1.56%
TXN	B	-1.54%
ROP	C	-1.5%
PGR	C	-1.49%
VECO	F	-1.49%
EA	D	-1.48%
WM	D	-1.46%
CSCO	B	-1.46%
JNJ	C	-1.46%
PG	C	-1.45%
LMT	A	-1.44%
GD	C	-1.43%
MUSA	D	-1.43%
XOM	D	-1.42%
ADI	C	-1.42%
KEX	C	-1.4%
MRK	F	-1.39%
IDT	C	-1.35%
ABBV	B	-1.34%
ORLY	B	-1.33%
DUK	B	-1.31%
IBM	B	-1.31%
CHD	C	-1.28%
NOC	B	-1.27%
MCD	B	-1.24%
FCN	C	-1.21%
VZ	A	-1.2%
CME	B	-1.19%
IDCC	B	-1.14%
CBOE	C	-1.13%
DLB	D	-1.06%
LRN	B	-1.05%
CL	C	-1.05%
DOX	C	-1.03%
GIS	B	-0.98%
WMB	C	-0.97%
HSTM	D	-0.97%
MGEE	C	-0.96%
LLY	D	-0.92%
GILD	B	-0.89%
GOOGL	D	-0.87%
CRUS	D	-0.86%
SAFT	D	-0.86%
GPOR	C	-0.85%
UNH	C	-0.85%
INST	D	-0.83%
NSIT	C	-0.83%
CHE	C	-0.81%
LAUR	C	-0.79%
NABL	F	-0.78%
BLKB	C	-0.78%
CVX	F	-0.77%
CAH	C	-0.75%
WTM	F	-0.75%
HPQ	C	-0.72%
AVGO	C	-0.71%
GOOG	D	-0.7%
OSIS	C	-0.7%
QCOM	D	-0.69%
AMGN	D	-0.64%
YELP	D	-0.63%
MCS	B	-0.61%
META	B	-0.6%
INSW	C	-0.55%
MATX	B	-0.54%
PBH	C	-0.52%
ED	B	-0.51%
T	B	-0.51%
NEU	D	-0.49%
FLO	C	-0.47%
KO	B	-0.46%
FANG	F	-0.45%
HSY	D	-0.45%
AJG	D	-0.43%
THFF	D	-0.42%
AZO	B	-0.42%
K	A	-0.4%
WEC	B	-0.39%
MDLZ	C	-0.39%
RLI	B	-0.36%
NVEC	D	-0.35%
OLLI	C	-0.34%
AMSF	C	-0.34%
JBSS	F	-0.33%
RTX	B	-0.33%
CASS	D	-0.32%
BMY	C	-0.31%
ROL	C	-0.29%
LDOS	A	-0.29%
BRK.A	C	-0.29%
IMMR	D	-0.28%
MO	C	-0.28%
MTSI	C	-0.26%
LOPE	D	-0.25%
KMI	C	-0.24%
EBF	C	-0.24%
EQC	D	-0.24%
ACN	C	-0.23%
EXEL	C	-0.23%
JJSF	B	-0.23%
OLED	D	-0.19%
SPOK	C	-0.19%
DECK	C	-0.19%
SPNS	D	-0.17%
QNST	C	-0.15%
PSX	F	-0.14%
AMAT	D	-0.13%
DGICA	C	-0.12%
TNK	D	-0.12%
AMZN	C	-0.11%
CLBK	D	-0.1%
DJCO	C	-0.1%
DTM	C	-0.1%
KLAC	D	-0.09%
CNXN	B	-0.08%
CB	B	-0.08%
LRCX	D	-0.08%
KMB	C	-0.07%
GLRE	C	-0.06%
PEP	D	-0.06%
LANC	F	-0.06%
REYN	C	-0.06%
UNM	B	-0.06%
ATR	B	-0.05%
SFL	D	-0.05%
EIG	C	-0.04%
DTE	A	-0.04%
MU	D	-0.04%
AKAM	D	-0.04%
VRTX	D	-0.04%
NBIX	F	-0.04%
CNA	D	-0.04%
SPOT	C	-0.03%
CMS	B	-0.03%