DVOL vs. AIVL ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to WisdomTree U.S. AI Enhanced Value Fund (AIVL)

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

AIVL

WisdomTree U.S. AI Enhanced Value Fund

AIVL Description

WisdomTree U.S. AI Enhanced Value Fund is an exchange traded fund launched by WisdomTree Investments, Inc. It is co-managed by Voya Investment Management Co. LLC, WisdomTree Asset Management, Inc. The fund invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies across diversified market capitalization. It employs quantitative analysis to create its portfolio. The fund seeks to benchmark the performance of its portfolio against the Dow Jones U.S. Select Dividend Index. It employs proprietary research to create its portfolio. WisdomTree U.S. AI Enhanced Value Fund was formed on June 16, 2006 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$113.84

Average Daily Volume

1,984

Number of Holdings ^*

100

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	AIVL
30 Days	5.98%	3.03%
60 Days	9.31%	3.55%
90 Days	12.19%	5.56%
12 Months	36.44%	28.14%

6 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in AIVL	Overlap
AM	A	1.79%	0.42%	0.42%
CW	B	1.56%	0.28%	0.28%
HEI	B	1.46%	0.27%	0.27%
RGA	A	1.01%	0.5%	0.5%
RTX	C	2.28%	2.58%	2.28%
WRB	A	0.98%	0.62%	0.62%

DVOL Overweight 44 Positions Relative to AIVL

Symbol	Grade	Weight
TMUS	B	3.35%
RSG	A	3.18%
KMI	A	3.16%
DTM	B	3.1%
V	A	3.05%
FI	A	3.01%
WMB	A	2.96%
MMC	B	2.87%
MSI	B	2.8%
MA	C	2.74%
TJX	A	2.71%
WELL	A	2.69%
LIN	D	2.68%
INGR	B	2.63%
CTAS	B	2.59%
CB	C	2.55%
WMT	A	2.49%
OKE	A	2.44%
NOC	D	2.33%
HLT	A	2.33%
AMP	A	2.26%
CACI	D	2.23%
BRO	B	2.19%
PKG	A	2.12%
JPM	A	1.99%
COST	B	1.69%
MSFT	F	1.68%
EHC	B	1.6%
AFL	B	1.53%
GWW	B	1.47%
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%
PTC	A	1.21%
PGR	A	1.08%
BRX	A	1.08%
SF	B	1.06%
TW	A	1.03%
MTG	C	0.95%
TDG	D	0.85%

DVOL Underweight 94 Positions Relative to AIVL

Symbol	Grade	Weight
WFC	A	-4.35%
XOM	B	-3.99%
MDT	D	-3.33%
CMCSA	B	-3.3%
MO	A	-3.25%
NI	A	-3.04%
OTIS	C	-3.0%
ABT	B	-2.89%
NDAQ	A	-2.77%
FTV	C	-2.76%
A	D	-2.71%
HWM	A	-2.68%
ICE	C	-2.65%
CME	A	-2.61%
ROP	B	-2.55%
WY	D	-2.15%
TDY	B	-2.05%
INTC	D	-2.0%
TXT	D	-1.95%
HON	B	-1.8%
CNP	B	-1.7%
HPE	B	-1.68%
KDP	D	-1.58%
PPG	F	-1.56%
HOLX	D	-1.41%
FDS	B	-1.38%
KO	D	-1.37%
CNC	D	-1.34%
PCG	A	-1.22%
AMCR	D	-1.13%
CVX	A	-1.12%
JCI	C	-0.99%
SBAC	D	-0.92%
OXY	D	-0.9%
LKQ	D	-0.78%
LHX	C	-0.72%
NSA	D	-0.69%
QGEN	D	-0.69%
PM	B	-0.66%
KEYS	A	-0.63%
RBLX	C	-0.57%
M	D	-0.56%
ZBH	C	-0.54%
XP	F	-0.52%
ESI	A	-0.51%
HUN	F	-0.48%
KHC	F	-0.47%
AMKR	D	-0.43%
CNH	C	-0.42%
DOW	F	-0.42%
HXL	D	-0.39%
LNC	B	-0.38%
GPC	D	-0.36%
DCI	B	-0.36%
BAX	D	-0.36%
WEN	D	-0.35%
BRK.A	B	-0.32%
GEHC	F	-0.3%
GNTX	C	-0.29%
GTES	A	-0.28%
MDU	D	-0.28%
BEN	C	-0.27%
PINC	B	-0.27%
CSX	B	-0.26%
HII	D	-0.26%
DXC	B	-0.26%
AME	A	-0.26%
IEX	B	-0.26%
ORI	A	-0.26%
RYAN	B	-0.26%
UPS	C	-0.25%
MNST	C	-0.25%
UGI	A	-0.25%
SBUX	A	-0.25%
HST	C	-0.25%
INCY	C	-0.25%
REYN	D	-0.25%
USB	A	-0.25%
BWXT	B	-0.25%
BWA	D	-0.25%
BDX	F	-0.24%
BSY	D	-0.24%
COTY	F	-0.24%
TRIP	F	-0.24%
DLB	B	-0.24%
EXC	C	-0.24%
JKHY	D	-0.24%
TECH	D	-0.24%
FR	C	-0.24%
KMB	D	-0.24%
ASH	D	-0.23%
CAG	D	-0.23%
ED	D	-0.23%
SWKS	F	-0.23%