DVOLvsFEXETF Comparison
ETF 1
DVOL
First Trust Dorsey Wright Momentum & Low Volatility ETF
This fund is part of
US Multi-Factor
+0.56%
VS
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) and First Trust Large Cap Core AlphaDEX Fund ETF (FEX) belong to the same industry segment: US Multi-Factor. DVOL's top 3 sector exposures are Finance, Industrials and Consumer Services. In contrast, FEX's top sector exposures are Finance, Technology and Industrials. DVOL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.57% for FEX. DVOL is up 3.93% year-to-date (YTD) with -$9M in YTD flows. FEX performs better with 16.79% YTD performance, and -$3M in YTD flows. Run a side-by-side ETF comparison of DVOL and FEX below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DVOL vs FEX performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/26/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DVOL FEX | +2.06%+3.12% | -4.57%+0.99% | +3.93%+16.79% | +4.54%+17.09% | +50.36%+83.49% | +28.54%+61.30% |
| Flows | DVOL FEX | +$2M- | +$4M+$147K | -$9M-$3M | -$16M-$21M | +$3M-$135M | -$58M-$160M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DVOL FEX | +10.35%+10.30% | +11.77%+12.92% | +12.88%+14.73% | +14.46%+16.87% |
| Max drawdown | DVOL FEX | -8.03%-6.74% | -9.79%-6.74% | -11.82%-19.51% | -24.74%-21.53% |
| Max drawdown duration | DVOL FEX | 71d71d | 147d71d | 414d232d | 921d757d |
Trading data
DVOL | FEX | |
Last sale 10/27/2026 at 1:42 PM | $35.96 | $137.47 |
| Previous close 10/26/2026 | $36.20 | $136.87 |
| Consolidated volume 10/26/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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DVOL | FEX | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/27/2026 at 1:42 PM
Live
Closed
DVOL | FEX | |
|---|---|---|
| Last price | $35.96 | $137.47 |
| 1D performance | -0.65% | +0.44% |
| AuM | $74.20 M | $1.59 B |
| E/R | 0.6% | 0.57% |
Characteristics
DVOL | FEX | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | First Trust |
| Benchmark | Dorsey Wright Momentum Plus Low Volatility Index | NASDAQ AlphaDEX Large Cap Core Index |
| N° of holdings | 49 | 372 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 5, 2018 | May 8, 2007 |
| ESG | No | No |
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Exposure
Countries
DVOL
USA
94.38%
Other
5.62%
FEX
USA
94.16%
Other
5.84%
Sectors
DVOL
Finance
39.71%
Industrials
21.46%
Consumer Services
10.1%
Other
28.73%
FEX
Finance
20.76%
Technology
17.34%
Industrials
14.25%
Healthcare
9.9%
Energy
7.35%
Other
30.4%
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Diversification
DVOL
Total weight of top 15 holdings out of 15
43.65%
FEX
Total weight of top 15 holdings out of 15
8.51%
Top 15 holdings
Data as of August 31, 2026
DVOL
The Bank of New York Mellon Corp.
3.44%
Simon Property Group, Inc.
3.22%
Welltower, Inc.
3.06%
Westinghouse Air Brake Technologies Corp.
2.99%
AMETEK, Inc.
2.96%
Principal Financial Group, Inc.
2.91%
Lamar Advertising Co.
2.88%
Ross Stores, Inc.
2.88%
State Street Corp.
2.85%
DT Midstream, Inc.
2.83%
Popular, Inc.
2.79%
The Progressive Corp.
2.75%
Hilton Worldwide Holdings, Inc.
2.71%
CareTrust REIT, Inc.
2.71%
AbbVie, Inc.
2.67%
FEX
Cognizant Technology Solutions Corp.
0.73%
Accenture Plc
0.68%
ConocoPhillips
0.59%
Regeneron Pharmaceuticals, Inc.
0.59%
Super Micro Computer, Inc.
0.56%
Global Payments, Inc.
0.56%
AT&T, Inc.
0.56%
PayPal Holdings, Inc.
0.54%
Phillips 66
0.54%
Devon Energy Corp.
0.53%
Pfizer Inc.
0.53%
Verizon Communications, Inc.
0.53%
General Mills, Inc.
0.53%
Copart, Inc.
0.52%
Zimmer Biomet Holdings, Inc.
0.52%
Frequently asked questions about DVOL and FEX
How have the DVOL and FEX ETFs performed in 2026?
As of October 26, 2026, DVOL is up 3.93% year-to-date (YTD), while FEX has returned 16.79%. That puts FEX better performer ahead so far this year.
Which ETF is attracting more investor money: DVOL or FEX?
Year-to-date, the DVOL ETF saw -$9M in flows, compared to -$3M for FEX.
Which ETF is more volatile: DVOL or FEX?
Over the past year, DVOL had a volatility of 11.77%, while FEX experienced 12.92%.
Which ETF is bigger: DVOL or FEX?
As of October 26, 2026, DVOL holds $74.20 M in assets under management (AUM), while FEX manages $1.59 B.
What sectors do the DVOL and FEX ETFs invest in?
DVOL leans toward sectors like Finance, Industrials and Consumer Services. Meanwhile, FEX focuses on Finance, Technology and Industrials.
What are the top holdings of the DVOL ETF and FEX ETF?
DVOL top holdings include The Bank of New York Mellon Corp., Simon Property Group, Inc. and Welltower, Inc.. FEX holds in its top three: Cognizant Technology Solutions Corp., Accenture Plc and ConocoPhillips.
Which ETF is more diversified: DVOL or FEX?
DVOL holds 49 securities with 43.65% of its assets in the top 15. FEX has 372 securities and a top 15 weight of 8.51%.
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