DVOLvsFEXETF Comparison
ETF 1
DVOL
First Trust Dorsey Wright Momentum & Low Volatility ETF
This fund is part of
US Multi-Factor
+0.58%
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 Financials, Industrials and Energy. In contrast, FEX's top sector exposures are Industrials, Information Technology and Financials. DVOL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.57% for FEX. DVOL is up 4.72% year-to-date (YTD) with -$11M in YTD flows. FEX performs better with 16.14% YTD performance, and -$5M 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 06/12/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DVOL FEX | +0.16%+4.40% | +5.04%+13.35% | +4.72%+16.14% | +5.30%+29.33% | +46.82%+74.46% | +43.14%+70.42% |
| Flows | DVOL FEX | +$56K+$7M | +$2M+$13M | -$11M-$5M | -$7M-$44M | -$8M-$141M | -$59M-$210M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DVOL FEX | +13.86%+15.52% | +11.70%+13.10% | +12.82%+14.93% | +14.63%+16.94% |
| Max drawdown | DVOL FEX | -4.74%-3.24% | -9.79%-6.27% | -11.82%-19.51% | -24.74%-21.53% |
| Max drawdown duration | DVOL FEX | 43d7d | 123d47d | 414d232d | 921d757d |
Trading data
DVOL | FEX | |
Last sale 6/12/2026 at 1:30 PM | $36.60 | $137.30 |
| Previous close 06/11/2026 | $36.31 | $136.36 |
| Consolidated volume 06/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of May 29, 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 6/12/2026 at 1:30 PM
Live
Closed
DVOL | FEX | |
|---|---|---|
| Last price | $36.60 | $137.30 |
| 1D performance | +0.80% | +0.69% |
| AuM | $73.28 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 | 48 | 345 |
| 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
95.38%
Other
4.62%
FEX
USA
91.09%
Other
8.91%
Sectors
DVOL
Financials
20.97%
Industrials
16.52%
Energy
13.69%
Real Estate
9.28%
Consumer Staples
7.29%
Materials
7.2%
Other
25.05%
FEX
Industrials
16.49%
Information Techn.
14.98%
Financials
14.09%
Health Care
8.34%
Consumer Discreti.
8.25%
Utilities
7.39%
Other
30.45%
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Diversification
DVOL
Total weight of top 15 holdings out of 15
43.05%
FEX
Total weight of top 15 holdings out of 15
8.23%
Top 15 holdings
Data as of April 30, 2026
DVOL
VENTAS REIT
3.19%
TJX
3.19%
OMEGA HEALTHCARE REIT
3.06%
WELLTOWER INC
3.04%
ENTERGY
2.94%
BANK OF NEW YORK MELLON
2.90%
AGNC INVESTMENT CORP
2.90%
COSTCO WHOLESALE
2.89%
AMETEK
2.82%
CBOE GLOBAL MARKETS INC
2.78%
DT MIDSTREAM INC
2.77%
JPMORGAN CHASE
2.70%
KINDER MORGAN
2.66%
ANTERO MIDSTREAM CORPORATION
2.61%
MOTOROLA SOLUTIONS
2.60%
FEX
BLOOM ENERGY CORP
0.70%
MICRON TECHNOLOGY
0.62%
SEAGATE TECHNOLOGY HOLDINGS PLC
0.62%
WESTERN DIGITAL
0.60%
TERADYNE
0.54%
ADVANCED MICRO DEVICES
0.53%
DELL TECHNOLOGIES INC
0.52%
US36828A1016
0.52%
COMFORT SYSTEMS USA
0.52%
ELEVANCE HEALTH INC
0.52%
MARVELL TECHNOLOGY
0.52%
CIENA
0.51%
VERTIV HOLDINGS
0.51%
API GROUP CORP
0.50%
US86800U3023
0.50%
Frequently asked questions about DVOL and FEX
How have the DVOL and FEX ETFs performed in 2026?
As of June 12, 2026, DVOL is up 4.72% year-to-date (YTD), while FEX has returned 16.14%. 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 -$11M in flows, compared to -$5M for FEX.
Which ETF is more volatile: DVOL or FEX?
Over the past year, DVOL had a volatility of 11.7%, while FEX experienced 13.1%.
Which ETF is bigger: DVOL or FEX?
As of June 12, 2026, DVOL holds $73.28 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 Financials, Industrials and Energy. Meanwhile, FEX focuses on Industrials, Information Technology and Financials.
What are the top holdings of the DVOL ETF and FEX ETF?
DVOL top holdings include VENTAS REIT, TJX and OMEGA HEALTHCARE REIT. FEX holds in its top three: BLOOM ENERGY CORP, MICRON TECHNOLOGY and SEAGATE TECHNOLOGY HOLDINGS PLC.
Which ETF is more diversified: DVOL or FEX?
DVOL holds 48 securities with 43.05% of its assets in the top 15. FEX has 359 securities and a top 15 weight of 8.23%.
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