Verdicts genuinely change. Free email alert the moment DVOL's does — no target price to set, unlike "Alert" above.
Whether this fund clears the published standards, and the filings behind that answer. The screen runs first and nothing on the trading side can override it.
Structure, momentum, positioning and levels. Separate from the Sharia verdict above, which this side never overrides.
First Trust Dorsey Wright Momentum & Low Volatility ETF ETF · First Trust Exchange-Traded Fund VI
51 holdings · as of 2026-06-30 (3.4 months ago) The fund may have traded since. SEC Form N-PORT is filed quarterly and lags the period it covers, so these are the most recent holdings on file, not the fund’s holdings today.
NON-COMPLIANT 40.50% of portfolio weight is in non-compliant holdings, over the 5% threshold.
51 holdings, 46 matched (89% of weight). Portfolio as of 2026-06-30, filed 2026-08-21. Source: SEC Form N-PORT.
0.72% of this portfolio’s income is non-permissible — weighted across holdings, computed over 79% of portfolio weight (41 of 51 holdings). The common approach purifies that proportion of income received — dividends — not of the position’s value. We report the ratio; what to do with it is a question for your own scholar.
42.7% compliant 5.8% questionable 40.5% non-compliant 10.9% unscreened
| Holding | Status | Weight | Every methodology, and the debt ratio behind it |
|---|---|---|---|
| VTR VENTAS INC | COMPLIANT | 3.24% | AAOIFI28.0% Usmani42.8% Dow Jones Islamic38.5% S&P Shariah45.5% MSCI Islamic42.8% MSCI Islamic M-Series45.5% FTSE Shariah42.8% |
| WELL WELLTOWER INC | COMPLIANT | 3.22% | AAOIFI10.6% Usmani26.7% Dow Jones Islamic15.6% S&P Shariah19.1% MSCI Islamic26.7% MSCI Islamic M-Series19.1% FTSE Shariah26.7% |
| BNY BANK OF NEW YORK MELLON CORP (THE) | NON_COMPLIANT | 3.14% | AAOIFI27.2% Usmani5.8% Dow Jones Islamic41.5% S&P Shariah49.3% MSCI Islamic5.8% MSCI Islamic M-Series49.3% FTSE Shariah5.8% |
| OHI OMEGA HEALTHCARE INVESTORS INC | NON_COMPLIANT | 3.08% | AAOIFI30.5% Usmani42.9% Dow Jones Islamic37.6% S&P Shariah43.5% MSCI Islamic42.9% MSCI Islamic M-Series43.5% FTSE Shariah42.9% |
| TJX TJX COMPANIES INC (THE) | COMPLIANT | 3.07% | AAOIFI10.1% Usmani38.6% Dow Jones Islamic9.4% S&P Shariah10.4% MSCI Islamic38.6% MSCI Islamic M-Series10.4% FTSE Shariah7.7% |
| ETR ENTERGY CORP | NON_COMPLIANT | 2.99% | AAOIFI65.8% Usmani43.6% Dow Jones Islamic83.2% S&P Shariah99.2% MSCI Islamic43.5% MSCI Islamic M-Series99.2% FTSE Shariah43.1% |
| AME AMETEK INC | COMPLIANT | 2.99% | AAOIFI4.2% Usmani13.9% Dow Jones Islamic5.1% S&P Shariah5.4% MSCI Islamic13.9% MSCI Islamic M-Series5.4% FTSE Shariah12.3% |
| DTM DT MIDSTREAM INC | COMPLIANT | 2.93% | AAOIFI25.5% Usmani33.0% Dow Jones Islamic30.1% S&P Shariah36.3% MSCI Islamic33.0% MSCI Islamic M-Series36.3% FTSE Shariah32.6% |
| AGNC INVESTMENT CORP | UNSCREENED | 2.85% | no in-house ratios for this holding |
| JP MORGAN CHASE & COMPANY | UNSCREENED | 2.84% | no in-house ratios for this holding |
| ANTERO MIDSTREAM CORP | UNSCREENED | 2.72% | no in-house ratios for this holding |
| COST COSTCO WHOLESALE CORP | QUESTIONABLE | 2.72% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| KMI KINDER MORGAN INC | NON_COMPLIANT | 2.68% | AAOIFI46.1% Usmani43.5% Dow Jones Islamic53.0% S&P Shariah61.2% MSCI Islamic43.5% MSCI Islamic M-Series61.2% FTSE Shariah43.5% |
| ORI OLD REPUBLIC INTERNATIONAL CORP | NON_COMPLIANT | 2.62% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| SCHW CHARLES SCHWAB CORP (THE) | NON_COMPLIANT | 2.56% | AAOIFI14.6% Usmani5.3% Dow Jones Islamic18.7% S&P Shariah22.0% MSCI Islamic5.3% MSCI Islamic M-Series22.0% FTSE Shariah5.3% |
| MSI MOTOROLA SOLUTIONS INC | COMPLIANT | 2.49% | AAOIFI12.4% Usmani50.0% Dow Jones Islamic13.4% S&P Shariah14.5% MSCI Islamic50.0% MSCI Islamic M-Series14.5% FTSE Shariah46.9% |
| WMB WILLIAMS COMPANIES INC (THE) | NON_COMPLIANT | 2.42% | AAOIFI35.0% Usmani50.0% Dow Jones Islamic41.0% S&P Shariah47.9% MSCI Islamic50.0% MSCI Islamic M-Series47.9% FTSE Shariah50.0% |
| US BANCORP | UNSCREENED | 2.41% | no in-house ratios for this holding |
| GWW W.W. GRAINGER INC | COMPLIANT | 2.26% | AAOIFI4.6% Usmani29.1% Dow Jones Islamic5.4% S&P Shariah5.7% MSCI Islamic29.1% MSCI Islamic M-Series5.7% FTSE Shariah25.0% |
| CBOE CBOE GLOBAL MARKETS INC | NON_COMPLIANT | 2.22% | AAOIFI4.9% Usmani14.9% Dow Jones Islamic6.2% S&P Shariah6.8% MSCI Islamic14.9% MSCI Islamic M-Series6.8% FTSE Shariah13.6% |
| CTVA CORTEVA INC | COMPLIANT | 2.21% | AAOIFI2.9% Usmani4.0% Dow Jones Islamic3.6% S&P Shariah3.9% MSCI Islamic4.0% MSCI Islamic M-Series3.9% FTSE Shariah4.0% |
| HLT HILTON WORLDWIDE HOLDINGS INC | NON_COMPLIANT | 2.17% | AAOIFI20.0% Usmani82.8% Dow Jones Islamic21.8% S&P Shariah23.8% MSCI Islamic82.8% MSCI Islamic M-Series23.8% FTSE Shariah78.8% |
| TDY TELEDYNE TECHNOLOGIES INC | NON_COMPLIANT | 2.16% | AAOIFI7.2% Usmani13.3% Dow Jones Islamic8.0% S&P Shariah8.7% MSCI Islamic13.3% MSCI Islamic M-Series8.7% FTSE Shariah13.3% |
| WMT WALMART INC | QUESTIONABLE | 2.14% | AAOIFI6.4% Usmani21.5% Dow Jones Islamic6.9% S&P Shariah8.0% MSCI Islamic19.2% MSCI Islamic M-Series8.0% FTSE Shariah13.6% |
| CVX CHEVRON CORP | COMPLIANT | 2.06% | AAOIFI0.1% Usmani0.1% Dow Jones Islamic0.1% S&P Shariah0.1% MSCI Islamic0.1% MSCI Islamic M-Series0.1% FTSE Shariah0.1% |
| RS RELIANCE INC | COMPLIANT | 2.02% | AAOIFI9.9% Usmani18.8% Dow Jones Islamic12.5% S&P Shariah12.6% MSCI Islamic18.8% MSCI Islamic M-Series12.6% FTSE Shariah15.7% |
| T AT&T INC | NON_COMPLIANT | 2.02% | AAOIFI92.9% Usmani38.0% Dow Jones Islamic94.4% S&P Shariah107.8% MSCI Islamic38.0% MSCI Islamic M-Series107.8% FTSE Shariah33.6% |
| PM PHILIP MORRIS INTERNATIONAL INC | NON_COMPLIANT | 1.97% | AAOIFI16.1% Usmani66.9% Dow Jones Islamic18.9% S&P Shariah22.1% MSCI Islamic66.9% MSCI Islamic M-Series22.1% FTSE Shariah66.9% |
| WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP | COMPLIANT | 1.87% | AAOIFI13.3% Usmani28.4% Dow Jones Islamic17.8% S&P Shariah20.1% MSCI Islamic28.4% MSCI Islamic M-Series20.1% FTSE Shariah28.4% |
| MLM MARTIN MARIETTA MATERIALS INC | COMPLIANT | 1.85% | AAOIFI17.5% Usmani29.8% Dow Jones Islamic18.4% S&P Shariah18.9% MSCI Islamic29.8% MSCI Islamic M-Series18.9% FTSE Shariah27.9% |
| RBC RBC BEARINGS INC | COMPLIANT | 1.74% | AAOIFI5.6% Usmani17.7% Dow Jones Islamic6.5% S&P Shariah7.6% MSCI Islamic16.8% MSCI Islamic M-Series7.6% FTSE Shariah15.5% |
| DOV DOVER CORP | COMPLIANT | 1.67% | AAOIFI12.4% Usmani23.8% Dow Jones Islamic12.4% S&P Shariah13.2% MSCI Islamic23.8% MSCI Islamic M-Series13.2% FTSE Shariah23.8% |
| CASY CASEY'S GENERAL STORES INC | NON_COMPLIANT | 1.55% | AAOIFI13.4% Usmani31.8% Dow Jones Islamic13.9% S&P Shariah16.3% MSCI Islamic31.8% MSCI Islamic M-Series16.3% FTSE Shariah26.6% |
| COR CENCORA INC | COMPLIANT | 1.41% | AAOIFI18.9% Usmani14.0% Dow Jones Islamic20.8% S&P Shariah22.7% MSCI Islamic14.0% MSCI Islamic M-Series22.7% FTSE Shariah14.0% |
| BPOP POPULAR INC | NON_COMPLIANT | 1.40% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| ROST ROSS STORES INC | COMPLIANT | 1.38% | AAOIFI6.4% Usmani29.7% Dow Jones Islamic8.5% S&P Shariah9.2% MSCI Islamic29.7% MSCI Islamic M-Series9.2% FTSE Shariah6.4% |
| PKG PACKAGING CORP OF AMERICA | COMPLIANT | 1.30% | AAOIFI20.8% Usmani40.0% Dow Jones Islamic0.2% S&P Shariah0.2% MSCI Islamic39.9% MSCI Islamic M-Series0.2% FTSE Shariah36.0% |
| TXT TEXTRON INC | NON_COMPLIANT | 1.30% | AAOIFI3.0% Usmani2.2% Dow Jones Islamic2.7% S&P Shariah2.6% MSCI Islamic2.2% MSCI Islamic M-Series2.6% FTSE Shariah0.0% |
| CLH CLEAN HARBORS INC | COMPLIANT | 1.28% | AAOIFI— Usmani— Dow Jones Islamic— S&P Shariah— MSCI Islamic— MSCI Islamic M-Series— FTSE Shariah— |
| RTX RTX CORP | NON_COMPLIANT | 1.26% | AAOIFI12.5% Usmani19.3% Dow Jones Islamic15.9% S&P Shariah18.5% MSCI Islamic19.3% MSCI Islamic M-Series18.5% FTSE Shariah18.4% |
| ADM ARCHER DANIELS MIDLAND COMPANY | COMPLIANT | 1.12% | AAOIFI21.9% Usmani16.7% Dow Jones Islamic31.3% S&P Shariah30.5% MSCI Islamic16.7% MSCI Islamic M-Series30.5% FTSE Shariah14.2% |
| WFC WELLS FARGO & COMPANY | NON_COMPLIANT | 1.10% | AAOIFI80.2% Usmani9.1% Dow Jones Islamic84.8% S&P Shariah93.9% MSCI Islamic9.1% MSCI Islamic M-Series93.9% FTSE Shariah9.1% |
| HCA HCA HEALTHCARE INC | NON_COMPLIANT | 1.08% | AAOIFI57.2% Usmani82.9% Dow Jones Islamic53.5% S&P Shariah56.7% MSCI Islamic81.7% MSCI Islamic M-Series56.7% FTSE Shariah78.1% |
| PH PARKER-HANNIFIN CORP | COMPLIANT | 1.03% | AAOIFI7.0% Usmani27.5% Dow Jones Islamic8.5% S&P Shariah9.7% MSCI Islamic27.2% MSCI Islamic M-Series9.7% FTSE Shariah26.5% |
| PCAR PACCAR INC | NON_COMPLIANT | 1.00% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| NYT NEW YORK TIMES COMPANY (THE) | QUESTIONABLE | 0.96% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| LMT LOCKHEED MARTIN CORP | NON_COMPLIANT | 0.93% | AAOIFI16.6% Usmani32.9% Dow Jones Islamic17.6% S&P Shariah18.2% MSCI Islamic32.9% MSCI Islamic M-Series18.2% FTSE Shariah32.9% |
| LNG CHENIERE ENERGY INC | NON_COMPLIANT | 0.85% | AAOIFI44.4% Usmani55.8% Dow Jones Islamic54.4% S&P Shariah58.8% MSCI Islamic55.8% MSCI Islamic M-Series58.8% FTSE Shariah50.6% |
| ENSG ENSIGN GROUP INC (THE) | COMPLIANT | 0.82% | AAOIFI22.6% Usmani39.1% Dow Jones Islamic24.0% S&P Shariah26.7% MSCI Islamic39.1% MSCI Islamic M-Series26.7% FTSE Shariah2.4% |
| TW TRADEWEB MARKETS INC | COMPLIANT | 0.75% | AAOIFI0.0% Usmani0.0% Dow Jones Islamic0.0% S&P Shariah0.0% MSCI Islamic0.0% MSCI Islamic M-Series0.0% FTSE Shariah0.0% |
| DREYFUS GOVERNMENT CASH MANAGEMENT FUNDS | UNSCREENED | 0.07% | no in-house ratios for this holding |
The published standards disagree about this fund by 24 points of portfolio weight — 56.8% of it passes AAOIFI, 32.6% passes Usmani. Which number is yours depends on which standard you follow.
These bars are the financial-ratio result under each standard — debt, receivables and interest income. They do not screen what the business does, so a holding can pass every ratio here and still be questionable or non-compliant on activity. The blended verdict above accounts for both.
ratios pass on 56.8% ratios fail on 25.9% 17.2% not rated under AAOIFI
ratios pass on 32.6% ratios fail on 40.3% 27.0% not rated under Usmani
ratios pass on 52.2% ratios fail on 30.6% 17.2% not rated under Dow Jones Islamic
ratios pass on 49.2% ratios fail on 33.5% 17.2% not rated under S&P Shariah
ratios pass on 33.6% ratios fail on 43.2% 23.1% not rated under MSCI Islamic
ratios pass on 49.2% ratios fail on 33.5% 17.2% not rated under MSCI Islamic M-Series
ratios pass on 43.4% ratios fail on 33.4% 23.1% not rated under FTSE Shariah
46 of 51 listed holdings carry our own per-methodology verdicts (89% of weight). The rest hold a provider verdict with no methodology breakdown, and are counted as rated by none. Of those, 44 (85% of weight) also carry the underlying debt ratio; the rest show a verdict without the figure behind it.
| Non-compliant holding | Weight |
|---|---|
| BNY BANK OF NEW YORK MELLON CORP (THE) | 3.14% |
| OHI OMEGA HEALTHCARE INVESTORS INC | 3.08% |
| ETR ENTERGY CORP | 2.99% |
| KMI KINDER MORGAN INC | 2.68% |
| ORI OLD REPUBLIC INTERNATIONAL CORP | 2.62% |
| SCHW CHARLES SCHWAB CORP (THE) | 2.56% |
| WMB WILLIAMS COMPANIES INC (THE) | 2.42% |
| CBOE CBOE GLOBAL MARKETS INC | 2.22% |
| HLT HILTON WORLDWIDE HOLDINGS INC | 2.17% |
| TDY TELEDYNE TECHNOLOGIES INC | 2.16% |
Methodology breakdown computing — it will appear here on its own.
Whether the technical picture shows an edge right now. Separate from the Sharia verdict, which this side never overrides.
The factors behind the read, each shown with the figure it rests on, including the ones pointing the other way.
First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is currently considered not halal (non-compliant), per our own look-through to its filed holdings. See its filed holdings and the weight breakdown below for the reasoning.
Still fetching analyst coverage — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
Computing the full ratio and business-activity breakdown for DVOL — this runs off the critical path so the page paints first. It will appear here on its own.
Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset
Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally below. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 44.80 | NEUTRAL |
| Stochastic %K (14) | 79.35 | NEUTRAL |
| CCI (20) | 42.79 | NEUTRAL |
| Williams %R (14) | -20.65 | NEUTRAL |
| MACD (12,26,9) | 0.07 | BUY |
| ROC (10) | -0.06 | SELL |
| Momentum (10) | -0.02 | SELL |
| EMA (10) | 35.44 | BUY |
| SMA (10) | 35.40 | BUY |
| EMA (20) | 35.60 | SELL |
| SMA (20) | 35.45 | BUY |
| EMA (30) | 35.81 | SELL |
| SMA (30) | 35.72 | SELL |
| EMA (50) | 36.10 | SELL |
| SMA (50) | 36.49 | SELL |
| EMA (100) | 36.27 | SELL |
| SMA (100) | 36.55 | SELL |
| EMA (200) | 35.94 | SELL |
| SMA (200) | 36.16 | SELL |
Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is a rules-based equity index designed to track the overall performance of the 50 stocks comprising the NASDAQ U.S. Large Mid Cap Index TM that exhibit the lowest levels of volatility while still maintaining high levels of "relative strength."
Background via Yahoo Finance — informational, not part of the verdict.
Average — needs more confirmation before sizing up
Market structure by timeframe, read from real bars. A bias per timeframe rather than a forecast — timeframes disagreeing is information, not noise.
| Timeframe | Bias | Bars |
|---|---|---|
| 📅 Daily | BEARISH | 41 |
| 🕐 1H | NEUTRAL | 18 |
| ⏱ 15-Min | RANGING | 75 |
| ⏲ 5-Min | BULLISH | 227 |
Rate of change and relative volume against this symbol's own recent history. Momentum describes what price has done; it is not a claim about what it will do.
How the rest of the sector moved over the same window. Context for a price move, never a cause of one.
Peer movement computing — it will appear here on its own.
The questions worth asking about any verdict on this page, answered plainly.
No. HTR reads the fund's filed holdings and screens each one, then reports the result by weight. A fund marketed as Islamic still gets the same look-through as any other.
It is the share of the fund whose holdings HTR cannot cover far enough to rate. It is reported as unrated rather than counted as compliant, because a holding nobody screened should not look like one that passed.
It matters, and it is noted, but it does not replace the look-through. The board's judgement and the holdings screen are shown separately so you can see when they agree and when they do not.
When the fund files new holdings, and on a rolling basis besides. The date on the verdict above is the last time this fund was actually recomputed.
Open research, not a fatwa. HTR applies published screening standards to filings and publishes what they say, including when they disagree. Nothing here is financial advice or a recommendation to buy or sell. Verdicts can change when new filings land.
Same screen, different answers. Comparison is where the standards disagreeing becomes useful rather than confusing.
Peer screening computing — it will appear here on its own.
Still fetching insider filings — it ran past this page's budget, so the page painted without waiting. The fetch is still running; reload in a moment and it will be here.
The weekly CFTC Commitments of Traders report for the broad market it tracks, not for this symbol. Positioning context for the tape — it says nothing about this company.
NEUTRAL report date 2026-10-06 · Asset managers net 906615 (+2612)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.