How has FV performed?

Over the year to Nov 4, 2026, FV returned +20.0% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +67.5%.

The prospectus expense ratio is 0.89% a year.

5 positions as published by its issuer for Nov 3, 2026, with the top ten at 99.9% of the fund. 0% of its weight is in stocks the S&P 500 also holds.

How far is FV below its high?

4.1% below its high of Oct 28, 2026, measured on the reinvested series to Nov 4, 2026.

FV · First Trust Dorsey Wright Focus 5 ETF

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$72.96

−0.6% · 1 day, price

IQ’s readingComputed nightly from ETFIQ data. Not written live.

FV tracks an index and returned +20.0% over the past year.

Why did FV return +310.5% from Mar 2014 to Oct 2026, against VOO’s +410.5%?Is a 0.89% fee low for a fund like FV?What do FV’s net flows of +$7.3m over the since Nov 2026 mean?

Equity fund · Tracks the Dorsey Wright Focus Five IndexFirst Trust ↗Expense ratio 0.89%Fund assets $3.8bn on Nov 3, 2026First traded Mar 6, 2014Benchmark S&P 500 Index, measured by VOO, which tracks the same indexFund page at the issuer ↗SEC filings ↗Every First Trust fund ETFIQ covers Dividend history

FV returned +20.0% over the year to Nov 4, 2026, charges 0.89% a year and holds $3.8bn in net assets on Nov 3, 2026.

Promise check: Not measuredNo other ETF tracks the index it names, so its tracking cannot be measured.

Compare with…Trading costs Put to the committee askIQ about FV Add to portfolio Overlap Flows Alerts

FV risk and return scorecard

vs VOO · Mar 2014 to Oct 2026 · 659 weekly returns · dividend-adjusted

12.6 years

FV +310.5%, VOO +410.5%, Mar 2014 to Oct 2026, distributions reinvested.

Return

MeasureFVVOOEdge

Total return+310.5%+410.5%VOO

Annualized+11.8%+13.7%VOO

Price return+287.4%+310.6%VOO (slight)

Risk

MeasureFVVOOEdge

Volatility19.4%16.2%VOO

Max drawdown−32.7%−31.8%VOO (slight)

Upside capture104.6%100.0%FV (slight)

Downside capture105.4%100.0%VOO (slight)

Risk-adjusted

MeasureFVVOOEdge

Sharpe ratio0.570.75VOO

Sortino ratio0.811.08VOO

Alpha vs VOO

MeasureFVVOOEdge

Alpha, a year−1.7%Not significant

Alpha t-stat−0.66

Beta to VOO1.051.00Higher beta

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

Money in and out

Net fund flows · Nov 3, 2026

Latest day

+$7.3m

Since Nov 2026

+$7.3m

In on 1 day, out on 0. 63 days missing.

askIQ: what do these flows mean? ↗

What you earned

FV −2.4%, VOO −1.1%: total return over one month to Nov 4, 2026.

−2.4%

VOO

−1.1%

FV +1.7%, VOO −0.1%: total return over three months to Nov 4, 2026.

+1.7%

VOO

−0.1%

FV +6.2%, VOO +5.0%: total return over six months to Nov 4, 2026.

+6.2%

VOO

+5.0%

FV +16.2%, VOO +13.4%: total return over the year to Nov 4, 2026.

+16.2%

VOO

+13.4%

FV +20.0%, VOO +14.8%: total return over one year to Nov 4, 2026.

+20.0%

VOO

+14.8%

FV +67.5%, VOO +83.3%: total return over three years to Nov 4, 2026.

+67.5%

VOO

+83.3%

FV +48.1%, VOO +75.5%: total return over five years to Nov 4, 2026.

+48.1%

VOO

+75.5%

FV +253.3%, VOO +333.1%: total return over ten years to Nov 4, 2026.

+253.3%

VOO

+333.1%

FV +289.2%, VOO +408.1%: total return since launch to Nov 4, 2026.

+289.2%

VOO

+408.1%

askIQ: why did FV return +20.0% over one year, against VOO’s +14.8%? ↗

How concentrated, and what does it cost?

Dorsey Wright Focus Five Index

+20.0%

Total return, 1 year

to Nov 4, 2026

Report

0.89%

Expense ratio

Report

Holdings

as of Nov 3, 2026

Report

−4.1%

Below its high

to Nov 4, 2026

Report

0.4%

12-month yield, capital gains included, on its starting price

to Nov 4, 2026

Report

$0.0761

Last payment (paid quarterly), ex-date Jun 25, 2026

Report

Sector mix

Cost against like funds

askIQ: is a 0.89% fee low for a fund like FV? ↗

More on FV

Every number below is on this page. Open what you need.

Price, 1 year

$72.96−0.6%1 day, priceClose, Nov 4, 2026

0%5%10%15%20%Price +19.5%

Nov 4, 2025Nov 4, 2026

Price +19.5%

Price only. Total return over the same days, distributions reinvested, was +20.0%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Nov 4, 2026. Updated every trading night. Report a data error

Points (pts) are percentage points.

FV returns by window: total return, cash paid and price change
Window	Total return	Benchmark (VOO)	Gap to VOO
1M Oct 5 – Nov 4, 2026	−2.4%	−1.1%	−1.3 pts
3M Aug 5 – Nov 4, 2026	+1.7%	−0.1%	+1.8 pts
6M May 6 – Nov 4, 2026	+6.2%	+5.0%	+1.2 pts
YTD Dec 31, 2025 – Nov 4, 2026	+16.2%	+13.4%	+2.8 pts
1Y Nov 4, 2025 – Nov 4, 2026	+20.0%	+14.8%	+5.2 pts
3Y Nov 3, 2023 – Nov 4, 2026	+67.5%	+83.3%	−15.8 pts
5Y Nov 5, 2021 – Nov 4, 2026	+48.1%	+75.5%	−27.4 pts
10Y Nov 4, 2016 – Nov 4, 2026	+253.3%	+333.1%	−79.8 pts
Since launch Mar 6, 2014 – Nov 4, 2026	+289.2%	+408.1%	−118.9 pts
Since launch, annualised Mar 6, 2014 – Nov 4, 2026	+11.3%	–	–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Daily data · as of Nov 3, 2026

FV: in the 2 trading days to Nov 3, 2026, net $7.3m came in.

+$7.3m

0.2% of $3.8bn on Nov 2, 2026
Nov 3, 2026

Since Nov 2026

+$7.3m

Nov 2, 2026 to Nov 3, 2026

Net flow each trading day

3M1Y400 days

FV, net flow each trading day over the 65 sessions from Aug 4, 2026 to Nov 3, 2026: money came in on 1 day and went out on 0 days, of the 2 days with daily data; the other 63 have none. Before Nov 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 1 day, out on 0. 63 days missing.

FV, net flow each trading day over the 251 sessions from Nov 4, 2025 to Nov 3, 2026: money came in on 1 day and went out on 0 days, of the 2 days with daily data; the other 249 have none. Before Nov 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 1 day, out on 0. 249 days missing.

FV, net flow each trading day over the 400 sessions from Apr 2, 2025 to Nov 3, 2026: money came in on 1 day and went out on 0 days, of the 2 days with daily data; the other 398 have none. Before Nov 2, 2026 ETFIQ has the fund’s monthly data only, from SEC filings: that span is shaded and draws no bars, and its months are in the month by month list.

In on 1 day, out on 0. 398 days missing.

Money in, netMoney out, netMonthly basis

Streak

Money in on its last trading day, Nov 3, 2026, a net +$7.3m.

Daily data starts Nov 2, 2026.

How this is computed

Computed by ETFIQ from First Trust’s daily data: each day’s change in shares outstanding times the previous day’s net asset value. Percentages are of net assets at the start of each window. Numbers are net: money in less money out. Every day and month ETFIQ holds for FV, back to Nov 2026, is in its flows file. Flows across every fund · How these flows are computed · Compare FV with other funds in the flows tool

Every trading day, last 3 months2 days

Nov 3, 2026 +$7.3m

Nov 2, 2026 $0

Most recent first.

Week by week, last year1 week

Nov 3, 2026 +$7.3m 2 days

Net flow into FV each week, Nov 2, 2026 to Nov 3, 2026, most recent first, each week named by its last trading day with data. Computed by ETFIQ.

Month by month, money in and money outNov 2026

FV, net flow each month from Nov 2026 to Nov 2026: money came in in 1 month and went out in 0 months.

MonthInOutNet

Nov 2026 ETFIQ, the sum of its days, Nov 2 to Nov 3+$7.3m$0+$7.3m

Most recent first.

How this is computed

Months summed from daily data: money in adds the days money came in; money out adds the days it went out.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s daily share counts and net asset values, and its SEC N-PORT filings. Data as of Nov 3, 2026. Last checked Nov 5, 2026.

FV key stats

52-week high, daily closes to Nov 4, 2026 (ETFIQ)$76.08 on Oct 28, 2026

52-week low, daily closes to Nov 4, 2026 (ETFIQ)$58.53 on Nov 20, 2025

Close on Nov 4, 2026, within that range (ETFIQ)$72.96, 82% of the way from the low to the high

Holdings5

Top ten weight99.9%

Range, beta and R-squared computed by ETFIQ from Tiingo daily prices.

Trading

as of Nov 4, 2026

Trading · FVas of Nov 4, 2026

Not scored3 of 6 measured · Nov 4, 2026

0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant

Cost for your order · one way, half its 30-day median spread

$1,000$0.750.075%

$10,000$7.500.075%

$100,000 · estimate$4260.43%

Premium or discount to NAV, Nov 3 close−0.07%

−0.1%95% of days within ±0.07% · the 1% band is off this scale+0.1%

How to tradeLimit: midpoint + 6¢ to buy, midpoint − 6¢ to sell.At the Nov 3 close of $73.43, that’s $73.49 to buy and $73.37 to sell.Its holdings close before New York; its price can drift from value late in the day.

Full trading page: components, premium history, dealers →

FV for holders outside the US

US tax withheld on dividends, no treaty30%

Treaty rates on dividends (IRS table, read Oct 30, 2026)65 countries, 10% to 30%

FV interest-related and short-term gain dividendsnot read by ETFIQ

US estate tax filing threshold, non-resident holders$60,000

Share classDistributing

Treaty rate on dividends by country

FV is a US fund. Stock of US corporations counts as US property for a non-resident's estate. Facts from the IRS, not tax advice. How withholding and treaties work

Download all holdings

FV top ten by weight, 99.9% of the fund, of its 5 equity positions, from the holdings published by its issuer for Nov 3, 2026. An index fund holds what the index holds, so this is the index. Source: the issuer’s own daily file.

First Trust Nasdaq Pharmaceuticals ETF FTXH 22.02%

First Trust NYSE® Arca® Biotechnology Index Fund FBT 21.16%

First Trust Nasdaq Oil & Gas ETF FTXN 20.98%

First Trust Technology AlphaDEX® Fund FXL 18.53%

First Trust NASDAQ-100-Technology Sector Index Fund QTEC 17.19%

Holdings, the issuer’s own daily file ↗See all 5 holdings →Check overlap with another fund →

Source: First Trust’s daily holdings file. Updated each trading day. Last checked Nov 4, 2026.

Also against XMMO, XMHQ, SMMD, IMCG, IVOO, CGMM, JMEE, MDYG, PRFZ, FSMD, KOMP, COWG, SPGP, VFMO, IMCB, IVOG, MLRG, FTC, FTGS, FMDE, VFLO, JHMM, TMSL, FLQM.

About FV

What it tracksDorsey Wright Focus Five Index

Fund typeEquity fund

Category (ETFIQ)Stocks · U.S. mid-cap blend

Expense ratio (485BPOS XBRL, Jan 28, 2026)0.89%

Price$72.96

First tradedMar 6, 2014

Net assets (issuer page, as of Nov 3, 2026)$3.8bnReport

Benchmark (ETFIQ, from its filings)S&P 500 Index, measured by VOO, which tracks the same index

Benchmark named inits shareholder report, N-CSR, Dec 8, 2025

FV, 1 year to Nov 4, 2026+20.0%

VOO, the same days+14.8%

Against its benchmark, 1 year (ETFIQ)+5.2 pts

Below its high (ETFIQ)−4.1%

Holdings5

Top ten weight99.9%

Cash, not in the top ten0.1%

Holdings published for (the issuer’s daily file)Nov 3, 2026

Holdings as of the close of (the issuer’s daily file)Nov 3, 2026

Already in the S&P 500, by weight (ETFIQ)0.0%

Active share vs the S&P 500 (ETFIQ)100.0%

Already in the Nasdaq-100, by weight (ETFIQ)0.0%

IQ Investment Committee on FV

12 seats on FV, as of Nov 4, 2026: 1 Supports, 2 Mixed, 4 Challenges, 4 Not enough data, 1 Does not apply.

In the tradition ofJohn BogleBogle-style Low CostMixed

In the tradition ofBenjamin GrahamGraham-style Margin of SafetyDoes not apply

In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityNot enough data

In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data

In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data

In the tradition ofRay DalioDalio-style All-WeatherChallenges

In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges

In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges

In the tradition ofDavid SwensenSwensen-style DiversificationSupports

In the tradition ofCathie WoodWood-style Disruptive InnovationNot enough data

In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed

Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatChallenges

Put FV to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about FV

How has FV performed?: Over the year to Nov 4, 2026, FV returned +20.0% with distributions reinvested, against +14.8% for the S&P 500. Over three years the number is +67.5%.
What does FV cost?: The prospectus expense ratio is 0.89% a year.
What does FV hold?: 5 positions as published by its issuer for Nov 3, 2026, with the top ten at 99.9% of the fund. 0% of its weight is in stocks the S&P 500 also holds.
How far is FV below its high?: 4.1% below its high of Oct 28, 2026, measured on the reinvested series to Nov 4, 2026.

Sources and dates

Prices, FV and Benchmark (VOO)Tiingo end-of-day · Nov 4, 2026

Fee, 0.89%Prospectus filing with the expense ratio (SEC) ↗

Net assets, $3.8bnIssuer page · Nov 3, 2026

HoldingsHoldings, the issuer’s own daily file · Nov 3, 2026 ↗

IssuerFirst Trust page for FV ↗

All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

Method →Standards and sources →Open data →

Cite this pageCitation, APA and Markdown

ETFIQ, FV, stock fund, data as of Nov 4, 2026. https://etfiq.com/funds/fv

Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data.

First Trust ETFs: Every Fund and Its Fee→

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FV: FV over 1 year: total return +20.0%, its benchmark S&P 500 Index through VOO +14.8%, +5.1 pts. Data to Nov 4, 2026.

<figure style="margin:0;max-width:640px">
<iframe src="https://etfiq.com/embed/core/fv/" title="FV: FV over 1 year: total return +20.0%, its benchmark S&amp;P 500 Index through VOO +14.8%, +5.1 pts. Data to Nov 4, 2026." width="640" height="370" loading="lazy" style="border:0;max-width:100%;width:100%"></iframe>
<figcaption style="font:13px/1.5 sans-serif">FV: FV over 1 year: total return +20.0%, its benchmark S&amp;P 500 Index through VOO +14.8%, +5.1 pts. Data to Nov 4, 2026. Data: <a href="https://etfiq.com/funds/fv">ETFIQ</a></figcaption>
</figure>

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