FVvsMSSSETF Comparison
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First Trust Dorsey Wright Focus 5 ETF (FV) and Monarch Select Subsector Index ETF (MSSS) belong to the same industry segment: US Multi-Factor. FV's top 3 sector exposures are Healthcare, Technology and Industrials. In contrast, MSSS's top sector exposures are Healthcare, Technology and Finance. FV is less expensive with a Total Expense Ratio (TER) of 0.89%, versus 1.42% for MSSS. FV is up 18.25% year-to-date (YTD) with -$335M in YTD flows. MSSS performs better with 18.86% YTD performance, and +$15M in YTD flows. Run a side-by-side ETF comparison of FV and MSSS 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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FV vs MSSS performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FV MSSS | +3.70%+2.14% | +4.28%+0.11% | +18.25%+18.86% | +20.23%+17.04% | +68.63%n/a | +60.69%n/a |
| Flows | FV MSSS | +$11M+$1M | +$12M+$6M | -$335M+$15M | -$436M+$11M | -$956M- | -$419M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FV MSSS | +15.39%+11.45% | +18.08%+12.99% | +19.59%n/a | +20.92%n/a |
| Max drawdown | FV MSSS | -4.01%-7.67% | -13.46%-10.24% | -22.88%n/a | -22.88%n/a |
| Max drawdown duration | FV MSSS | 25d60d | 96d45d | 248dn/a | 248dn/a |
Trading data
FV | MSSS | |
Last sale 10/16/2026 at 1:30 PM | $73.16 | $35.88 |
| Previous close 10/15/2026 | $74.32 | $35.85 |
| Consolidated volume 10/15/2026 | ||
| 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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FV | MSSS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
FV | MSSS | |
|---|---|---|
| Last price | $73.16 | $35.88 |
| 1D performance | -1.56% | +0.08% |
| AuM | $3.87 B | $151.16 M |
| E/R | 0.89% | 1.42% |
Characteristics
FV | MSSS | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | Monarch Fund |
| Benchmark | Dorsey Wright Focus Five Index | Monarch Select Subsector Index |
| N° of holdings | 230 | 492 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | March 5, 2014 | March 6, 2024 |
| ESG | No | No |
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Exposure
Countries
FV
USA
91.45%
Other
8.55%
MSSS
USA
90.89%
Other
9.11%
Sectors
FV
Healthcare
41.82%
Technology
33.57%
Industrials
13.92%
Other
10.7%
MSSS
Healthcare
28.61%
Technology
21.88%
Finance
19.6%
Consumer Services
12.61%
Industrials
9.06%
Other
8.24%
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Diversification
FV
Total weight of top 15 holdings out of 15
21.79%
MSSS
Total weight of top 15 holdings out of 15
17.51%
Top 15 holdings
Data as of August 31, 2026
FV
Merck & Co., Inc.
1.60%
Union Pacific Corp.
1.58%
General Motors Co.
1.56%
Amgen, Inc.
1.53%
Regeneron Pharmaceuticals, Inc.
1.50%
AbbVie, Inc.
1.48%
Vertex Pharmaceuticals, Inc.
1.46%
Eli Lilly & Co.
1.45%
Biogen, Inc.
1.45%
Johnson & Johnson
1.44%
Bristol Myers Squibb Co.
1.41%
Ford Motor Co.
1.41%
Gilead Sciences, Inc.
1.41%
Tesla, Inc.
1.27%
Halozyme Therapeutics, Inc.
1.24%
MSSS
UnitedHealth Group, Inc.
2.06%
Abbott Laboratories
1.90%
Meta Platforms, Inc.
1.70%
CVS Health Corp.
1.35%
Intuitive Surgical, Inc.
1.32%
Stryker Corp.
1.10%
The Travelers Cos., Inc.
1.06%
Alphabet, Inc.
1.04%
Marsh & McLennan Cos., Inc.
0.99%
The Progressive Corp.
0.95%
Aon Plc
0.91%
Chubb Ltd.
0.90%
Alphabet, Inc.
0.83%
Elevance Health, Inc.
0.72%
Willis Towers Watson Plc
0.68%
Frequently asked questions about FV and MSSS
How have the FV and MSSS ETFs performed in 2026?
As of October 15, 2026, FV is up 18.25% year-to-date (YTD), while MSSS has returned 18.86%. That puts MSSS better performer ahead so far this year.
Which ETF is attracting more investor money: FV or MSSS?
Year-to-date, the FV ETF saw -$335M in flows, compared to +$15M for MSSS.
Which ETF is more volatile: FV or MSSS?
Over the past year, FV had a volatility of 18.08%, while MSSS experienced 12.99%.
Which ETF is bigger: FV or MSSS?
As of October 15, 2026, FV holds $3.87 B in assets under management (AUM), while MSSS manages $151.16 M.
What sectors do the FV and MSSS ETFs invest in?
FV leans toward sectors like Healthcare, Technology and Industrials. Meanwhile, MSSS focuses on Healthcare, Technology and Finance.
What are the top holdings of the FV ETF and MSSS ETF?
FV top holdings include Merck & Co., Inc., Union Pacific Corp. and General Motors Co.. MSSS holds in its top three: UnitedHealth Group, Inc., Abbott Laboratories and Meta Platforms, Inc..
Which ETF is more diversified: FV or MSSS?
FV holds 231 securities with 21.79% of its assets in the top 15. MSSS has 495 securities and a top 15 weight of 17.51%.
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