DVOL vs. USMV ETF Comparison

Comparison of First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) to iShares MSCI USA Minimum Volatility ETF (USMV)

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

$33.01

Average Daily Volume

5,848

Number of Holdings ^*

* may have additional holdings in another (foreign) market

USMV

iShares MSCI USA Minimum Volatility ETF

USMV Description

The investment seeks the investment results of an index composed of U.S. equities that, in the aggregate, have lower volatility characteristics relative to the broader U.S. equity market. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. The underlying index follows a rules-based methodology to determine weights for securities in the index that seeks to minimize total risk of the MSCI USA Index. Components primarily include consumer staples, healthcare and information technology companies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$91.28

Average Daily Volume

2,252,906

Number of Holdings ^*

170

* may have additional holdings in another (foreign) market

Performance

Period	DVOL	USMV
30 Days	3.67%	1.97%
60 Days	6.81%	6.57%
90 Days	7.80%	8.42%
12 Months	28.98%	23.92%

17 Overlapping Holdings

Symbol	Grade	Weight in DVOL	Weight in USMV	Overlap
AAPL	C	0.94%	0.97%	0.94%
LIN	B	2.87%	0.17%	0.17%
MA	B	3.11%	0.67%	0.67%
MCK	F	2.12%	1.14%	1.14%
MMC	C	3.2%	1.16%	1.16%
MSFT	C	1.38%	1.38%	1.38%
MSI	B	2.85%	1.64%	1.64%
OTIS	C	2.53%	0.06%	0.06%
PKG	B	1.44%	0.18%	0.18%
PTC	D	1.38%	0.47%	0.47%
REGN	C	2.73%	0.92%	0.92%
RSG	D	3.44%	1.52%	1.52%
TJX	B	2.86%	0.45%	0.45%
TRV	C	2.4%	1.05%	1.05%
TW	B	1.11%	0.17%	0.17%
V	C	3.3%	0.83%	0.83%
WMT	C	2.84%	1.66%	1.66%

DVOL Overweight 31 Positions Relative to USMV

Symbol	Grade	Weight
CW	B	2.81%
BRO	C	2.73%
JPM	D	2.67%
CTAS	B	2.58%
AMP	A	2.53%
COST	B	2.48%
CACI	B	2.42%
AIG	D	2.41%
OKE	B	2.35%
AFL	C	2.31%
WELL	C	2.04%
HLT	B	1.95%
RGA	C	1.86%
WAB	B	1.8%
ENSG	B	1.64%
GWW	B	1.62%
MAR	C	1.56%
TDG	B	1.31%
AOS	D	1.28%
CPRT	D	1.28%
AXP	B	1.27%
HLI	B	1.22%
GS	C	1.21%
TRGP	B	1.2%
SF	A	1.17%
SPG	B	1.15%
USFD	B	1.08%
ITT	B	0.94%
WFC	D	0.9%
IR	C	0.88%
TXRH	C	0.85%

DVOL Underweight 153 Positions Relative to USMV

Symbol	Grade	Weight
TMUS	C	-1.7%
IBM	B	-1.7%
PGR	B	-1.68%
LLY	C	-1.58%
DUK	C	-1.55%
WCN	D	-1.55%
NOC	B	-1.52%
CB	B	-1.5%
BRK.A	C	-1.49%
VZ	B	-1.44%
TXN	C	-1.38%
UNH	C	-1.38%
SO	B	-1.37%
WM	D	-1.37%
ROP	C	-1.31%
CSCO	C	-1.29%
APH	D	-1.29%
AJG	D	-1.29%
ACN	C	-1.28%
JNJ	C	-1.28%
MCD	B	-1.27%
PG	C	-1.26%
ABBV	C	-1.22%
MRK	D	-1.22%
ED	C	-1.22%
AVGO	C	-1.21%
PEP	C	-1.15%
ORCL	C	-1.12%
AZO	D	-0.99%
GILD	B	-0.89%
LMT	C	-0.88%
CBOE	C	-0.87%
K	B	-0.81%
GDDY	C	-0.81%
ACGL	C	-0.8%
EA	D	-0.78%
CTSH	C	-0.77%
GIS	B	-0.77%
VRTX	D	-0.75%
WEC	C	-0.75%
FCNCA	D	-0.73%
ELV	C	-0.72%
T	C	-0.71%
KDP	B	-0.71%
AMGN	B	-0.7%
TSN	C	-0.69%
COR	D	-0.66%
NOW	B	-0.65%
VRSN	D	-0.65%
ORLY	C	-0.63%
KR	C	-0.59%
BDX	D	-0.59%
NEM	B	-0.58%
FI	A	-0.57%
MPC	F	-0.56%
KEYS	C	-0.54%
NVDA	D	-0.54%
FANG	D	-0.53%
ERIE	B	-0.52%
MDLZ	B	-0.52%
TDY	B	-0.52%
CME	C	-0.51%
YUM	D	-0.51%
FFIV	B	-0.49%
AON	B	-0.49%
JNPR	B	-0.49%
INCY	C	-0.48%
FICO	B	-0.48%
CL	D	-0.47%
HUM	F	-0.47%
UBER	C	-0.47%
AKAM	D	-0.45%
CDW	D	-0.45%
EG	C	-0.45%
KHC	C	-0.44%
BAH	C	-0.44%
XOM	C	-0.43%
WDAY	D	-0.42%
AEP	C	-0.42%
XEL	B	-0.42%
BMY	C	-0.41%
VRSK	D	-0.4%
CPB	C	-0.39%
CTVA	B	-0.37%
ROL	C	-0.37%
CHD	D	-0.37%
WTW	C	-0.36%
CMCSA	D	-0.36%
HSY	C	-0.35%
AFG	B	-0.34%
IT	B	-0.34%
NBIX	F	-0.33%
MKL	C	-0.32%
GEN	B	-0.32%
WRB	C	-0.3%
CVX	D	-0.3%
BMRN	F	-0.3%
ICE	C	-0.29%
FWONK	C	-0.29%
HD	B	-0.28%
AIZ	B	-0.28%
GLW	C	-0.28%
L	C	-0.27%
GRMN	D	-0.27%
ANET	B	-0.27%
ALNY	C	-0.25%
ADI	C	-0.25%
PFE	C	-0.24%
MOH	D	-0.23%
D	C	-0.23%
CI	C	-0.23%
WMB	B	-0.23%
HON	D	-0.22%
HRL	C	-0.22%
AEE	C	-0.22%
KMB	D	-0.22%
DTE	C	-0.21%
NTAP	D	-0.21%
AZPN	B	-0.21%
MELI	B	-0.2%
CMS	C	-0.2%
HUBS	D	-0.18%
SNPS	D	-0.17%
HOLX	B	-0.17%
STX	C	-0.17%
DPZ	F	-0.17%
CDNS	D	-0.16%
EOG	D	-0.15%
CRWD	D	-0.14%
MDT	C	-0.14%
GOOG	D	-0.14%
OXY	F	-0.13%
UTHR	C	-0.13%
HIG	B	-0.12%
AMZN	C	-0.12%
KO	C	-0.11%
LNT	B	-0.1%
DELL	D	-0.1%
DGX	B	-0.1%
RTX	C	-0.09%
ABT	C	-0.09%
ADP	B	-0.08%
TEL	D	-0.07%
FSLR	C	-0.07%
PSX	F	-0.06%
GD	B	-0.06%
KNX	C	-0.06%
ULTA	D	-0.05%
VLO	F	-0.05%
CVS	D	-0.05%
BR	D	-0.05%
ATO	B	-0.05%
CRM	D	-0.04%