Key stats
About First Trust Dorsey Wright Momentum & Low Volatility ETF
Expense ratio
0.60%
Home page
Inception date
Sep 5, 2018
ISIN
US33741L1089
DVOL combines two technical strategies: momentum and low volatility. The index initially whittles down its large- and mid-cap universe by conducting a relative strength analysis. A point and figure chart is created for each security, comparing the stocks daily performance to that of the broader universe. Each stock is classified as a buy or a sell using this method, and the sells are filtered out. From this short list, DVOL selects the 50 securities with the lowest trailing 1-year volatility. Holdings are weighted by the inverse of volatility, such that low-vol holdings get more weight. DVOL is rebalanced quarterly.
Classification
What's in the fund
Exposure type
Finance
Electronic Technology
Producer Manufacturing
Retail Trade
Distribution Services
Stock breakdown by region