DVOLvsFMDEETF Comparison
ETF 1
DVOL
First Trust Dorsey Wright Momentum & Low Volatility ETF
This fund is part of
US Multi-Factor
-0.34%
VS
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) belongs to the US Multi-Factor segment. Fidelity Enhanced Mid Cap ETF (FMDE) is part of the US Mid Cap segment. DVOL's top 3 sector exposures are Finance, Industrials and Consumer Services. In contrast, FMDE's top sector exposures are Technology, Finance and Industrials. DVOL is more expensive with a Total Expense Ratio (TER) of 0.6%, versus 0.23% for FMDE. DVOL is up 4.29% year-to-date (YTD) with -$11M in YTD flows. FMDE performs better with 14.3% YTD performance, and +$2.81B in YTD flows. Run a side-by-side ETF comparison of DVOL and FMDE 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 FMDE performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/08/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DVOL FMDE | -3.67%-2.41% | +2.55%+4.95% | +4.29%+14.30% | +4.86%+16.11% | +44.88%n/a | +29.23%n/a |
| Flows | DVOL FMDE | +$2M+$316M | +$46K+$934M | -$11M+$2.81B | -$2M+$3.92B | -$4M- | -$58M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DVOL FMDE | +10.32%+11.84% | +11.81%+13.67% | +12.91%n/a | +14.56%n/a |
| Max drawdown | DVOL FMDE | -5.08%-3.82% | -9.79%-8.28% | -11.82%n/a | -24.74%n/a |
| Max drawdown duration | DVOL FMDE | 23d24d | 147d49d | 414dn/a | 921dn/a |
Trading data
DVOL | FMDE | |
Last sale 9/9/2026 at 1:30 PM | $36.04 | $41.36 |
| Previous close 09/09/2026 | $36.40 | $41.71 |
| Consolidated volume 09/09/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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FMDE
is actively managed and doesn’t replicate an indexDVOL | FMDE | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/9/2026 at 1:30 PM
Live
Closed
DVOL | FMDE | |
|---|---|---|
| Last price | $36.04 | $41.36 |
| 1D performance | -1.00% | -0.84% |
| AuM | $72.78 M | $8.26 B |
| E/R | 0.6% | 0.23% |
Characteristics
DVOL | FMDE | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | First Trust | Fidelity |
| Benchmark | Dorsey Wright Momentum Plus Low Volatility Index | - |
| N° of holdings | 49 | 372 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 5, 2018 | November 20, 2023 |
| ESG | No | No |
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Exposure
Countries
DVOL
USA
94.4%
Other
5.6%
FMDE
USA
96.21%
Other
3.79%
Sectors
DVOL
Finance
38.96%
Industrials
21.81%
Consumer Services
10.33%
Other
28.9%
FMDE
Technology
19.53%
Finance
19.26%
Industrials
16.67%
Healthcare
10.6%
Non-Energy Materi.
7.48%
Other
26.46%
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Diversification
DVOL
Total weight of top 15 holdings out of 15
43.22%
FMDE
Total weight of top 15 holdings out of 15
13.43%
Top 15 holdings
Data as of July 31, 2026
DVOL
The Bank of New York Mellon Corp.
3.30%
Simon Property Group, Inc.
3.27%
Westinghouse Air Brake Technologies Corp.
3.06%
AMETEK, Inc.
2.99%
Welltower, Inc.
2.96%
Principal Financial Group, Inc.
2.88%
Ross Stores, Inc.
2.82%
Lamar Advertising Co.
2.81%
Hilton Worldwide Holdings, Inc.
2.81%
DT Midstream, Inc.
2.77%
Popular, Inc.
2.75%
Edison International
2.75%
State Street Corp.
2.72%
The Progressive Corp.
2.69%
CareTrust REIT, Inc.
2.64%
FMDE
Marathon Petroleum Corp.
1.07%
The Allstate Corp.
1.07%
L3Harris Technologies, Inc.
0.95%
Ford Motor Co.
0.92%
Nucor Corp.
0.92%
AMETEK, Inc.
0.91%
Kinder Morgan, Inc.
0.89%
Ventas, Inc.
0.89%
State Street Corp.
0.89%
Keysight Technologies, Inc.
0.86%
Humana, Inc.
0.85%
Expedia Group, Inc.
0.83%
Comfort Systems USA, Inc.
0.80%
Cardinal Health, Inc.
0.79%
Corteva, Inc.
0.79%
Frequently asked questions about DVOL and FMDE
How have the DVOL and FMDE ETFs performed in 2026?
As of September 8, 2026, DVOL is up 4.29% year-to-date (YTD), while FMDE has returned 14.3%. That puts FMDE better performer ahead so far this year.
Which ETF is attracting more investor money: DVOL or FMDE?
Year-to-date, the DVOL ETF saw -$11M in flows, compared to +$2.81B for FMDE.
Which ETF is more volatile: DVOL or FMDE?
Over the past year, DVOL had a volatility of 11.81%, while FMDE experienced 13.67%.
Which ETF is bigger: DVOL or FMDE?
As of September 8, 2026, DVOL holds $72.78 M in assets under management (AUM), while FMDE manages $8.26 B.
What sectors do the DVOL and FMDE ETFs invest in?
DVOL leans toward sectors like Finance, Industrials and Consumer Services. Meanwhile, FMDE focuses on Technology, Finance and Industrials.
What are the top holdings of the DVOL ETF and FMDE ETF?
DVOL top holdings include The Bank of New York Mellon Corp., Simon Property Group, Inc. and Westinghouse Air Brake Technologies Corp.. FMDE holds in its top three: Marathon Petroleum Corp., The Allstate Corp. and L3Harris Technologies, Inc..
Which ETF is more diversified: DVOL or FMDE?
DVOL holds 49 securities with 43.22% of its assets in the top 15. FMDE has 374 securities and a top 15 weight of 13.43%.
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Latest news about DVOL & FMDE
Key Takeaways from the 2024 Trackinsight Global ETF Survey: Active ETFs
February 16, 2024
FMDE
Fidelity Continues Trend of Mutual Fund Conversions to ETFs
November 27, 2023
FMDE
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