DVOL vs SPY

ADVOL

BSPY

Measures won1–5SPY wins · of 6 · 5Y

$10,000 · 5Y$17,177IVV · SPY $17,118

Lowest cost0.03%IVV · $3 on $10k

Most income1.14%IVV · $114 on $10k

Smallest drop−8.9%SPY · worst fall in 1Y

Held in common9.5%DVOL and SPY

DVOL

SPY

First Trust Dorsey Wright Momentum & Low Volatility ETF · $76MState Street SPDR S&P 500 ETF · $819B

+13.9%3 years · per year$14,785 · $18,039+21.7%

+4.9%5 years · per year$12,730 · $17,118+11.3%

0.60%Expense ratio$60 · $9 on $10k · lower wins0.09%

0.82%12-mo yield$82 · $103 on $10k1.03%

−9.8%Worst dropSmaller wins−8.9%

12.4%VolatilityLower wins13.6%

1–5SPY wins

$10,000 · 5 yearsAll three, one scale

Shared top holdingsDVOL · SPY

2.7%AAPL7.9%

2.9%JPM1.4%

2.8%CVX0.7%

1.5%MRK0.6%

Held in common9.5%

End-of-day Nov 6, 2026 · $10,000 5 years ago, dividends reinvested · ● winner of the row · each row scaled to the bigger of the two

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$850.0B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B
3	ADVOL	First Trust Dorsey Wright Momentum & Low Volatility ETFRead Desk	0.60%	0.82%	0.0%	+3.6%	+5.1%	+13.9%	+4.9%	−9.8%	$76M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

All Three

5Y3 funds

#
1	IVV	iShares Core S&P 500 ETFRead Desk	0.03%	1.14%	+0.3%	+8.7%	+9.8%	+21.8%	+11.4%	−8.9%	$850.0B
2	BSPY	State Street SPDR S&P 500 ETFRead Desk	0.09%	1.03%	+0.3%	+8.7%	+9.7%	+21.7%	+11.3%	−8.9%	$818.5B
3	ADVOL	First Trust Dorsey Wright Momentum & Low Volatility ETFRead Desk	0.60%	0.82%	0.0%	+3.6%	+5.1%	+13.9%	+4.9%	−9.8%	$76M

End-of-day Nov 6, 2026 · total return, dividends in · 3Y and 5Y per year · A and B = the pair in versus

Cards for this view

DVOL vs SPY

DVOL

First Trust Dorsey Wright Momentum & Low Volatility

$12,730

SPY

SPDR S&P 500

$17,118

MeasureDVOLSPY

Fee0.60%0.09%

Cost on $10k a year$60$9

Yield0.82%1.03%

5 years, per year+4.9%+11.3%

3 years, per year+13.9%+21.7%

Worst drop · 1Y−9.8%−8.9%

Volatility · 1Y12.4%13.6%

5–1measures won
SPY first

9.5%

holdings shared

Nov 6, 2026 · $10,000 five years ago, dividends reinvested

SPYM vs SPY

YTD

SPDRSPYM

+8.8%

SPYSPDR

+8.7%

+8.8%Year to date+8.7%

1.1%Yield1.0%

$182BAssets$819B

2–0SPYM wins

End-of-day Nov 6, 2026

VOO vs IVV

YTD

VanguardVOO

+8.7%

IVViShares

+8.7%

+8.7%Year to date+8.7%

1.1%Yield1.1%

$1.00TAssets$850B

0–0level

End-of-day Nov 6, 2026

SCHD vs VIG

YTD

SchwabSCHD

+31.4%

VIGVanguard

+12.1%

+31.4%Year to date+12.1%

3.0%Yield1.5%

$120BAssets$109B

2–0SCHD wins

End-of-day Nov 6, 2026

Overlap: DVOL, SPY, IVV

Today

99.9%most shared, SPY and IVV

DVOLSPYIVV

DVOL—9.5%9.5%

SPY9.5%—99.9%

IVV9.5%99.9%—

End-of-day Nov 6, 2026 · share held in common · outlined: the pair in versus

Income After Fees on $10,000

$111most kept, IVV

IVV$114 − $3 = $111

SPY$103 − $9 = $94

DVOL$82 − $60 = $22

KeptFee

End-of-day Nov 6, 2026 · yield in dollars minus the fee