DVLU’s 50 components are ranked by metrics including price-to-book, price-to-earnings, price-to-sales and price-to-cash flow. Nearly three-quarters of the new ETF’s holdings reside in the financial services, technology and industrial sectors. DVLU charges 0.60% per year, or $60 on a $10,000 investment.

DVOL’s 50 holdings are ranked based on volatility scores and the “securities are then weighted using the inverse of each security’s one-year trailing volatility, with greater weights given to securities with lower volatility scores,” according to First Trust.

Financial services names dominate that new ETF at 46.67% of the fund’s roster. DVOL also charges 0.60% per year.

For more ETF launches, visit the New ETFs category.