DVOL vs IVV
First Trust Dorsey Wright Momentum & Low Volatility ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. IVV delivered stronger 1-year returns. IVV offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | DVOL | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.60% | 0.03% | |
| AUM | $74M | $865.2B | |
| Dividend Yield | 0.68% | 1.09% | |
| Holdings | 51 | 508 | |
| YTD Return | +7.46% | +13.43% | |
| 1Y Return | +9.11% | +22.61% | |
| 3Y Return (annualized) | +14.13% | +21.47% | |
| 5Y Return (annualized) | +6.54% | +13.26% | |
| Volatility (annualized) | 16.1% | 15.1% | |
| Max Drawdown | -38.3% | -56.5% | |
| Fund Family | First Trust Portfolios (US) | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 5, 2018 | May 15, 2000 |
DVOL vs IVV Performance
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is a ETF from First Trust Portfolios (US) and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year DVOL returned +9.11% while IVV returned +22.61%. Year to date, DVOL is up 7.46% versus a gain of 13.43% for IVV.
Over three years, DVOL compounded at +14.13% per year against +21.47% for IVV; over five years the annualized figures are +6.54% and +13.26% respectively. Across the full 8-year window we track, DVOL has the edge at +9.04% annualized vs +7.03%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DVOL has been the more volatile fund, with annualized monthly volatility of 16.1% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -38.3% for DVOL and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DVOL charges 0.60% per year while IVV charges 0.03%. On a $10,000 position that is $60 vs $3 annually, a gap of $57 per year that compounds over a long holding period. On income, DVOL currently yields 0.68% against 1.09% for IVV.
Holdings Overlap
DVOL and IVV share 34 holdings out of 521 unique holdings combined, representing a 8.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DVOL or IVV?
DVOL has an expense ratio of 0.60% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, DVOL or IVV?
Over the past year DVOL returned +9.11% vs +22.61% for IVV, so IVV leads on 1-year performance. Over the longest common window we track (8 years), DVOL annualized +9.04% vs +7.03% for IVV. Past performance does not guarantee future results.
Which is riskier, DVOL or IVV?
DVOL has been the more volatile fund at 16.1% annualized versus 15.1% for IVV. Worst drawdown: DVOL -38.3% vs IVV -56.5%.
Should I hold both DVOL and IVV?
DVOL and IVV have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DVOL and IVV?
DVOL and IVV share 34 common holdings with a 8.0% weight overlap. Combined, they hold 521 unique securities.
Which pays a higher dividend, DVOL or IVV?
DVOL yields 0.68% while IVV yields 1.09%, so IVV currently pays the higher dividend yield.
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