Underlying Holdings Performance: FDVL.US's price is directly tied to the performance of the underlying companies it holds. If those companies' stock prices rise, FDVL.US generally increases and vice versa.

Supply and Demand: Like any stock, FDVL.US's price fluctuates based on buyer and seller activity. High demand typically pushes the price up while increased selling pressure can lower it.

Market Sentiment: Overall investor optimism or pessimism towards the market segment FDVL.US represents can significantly impact its price. Positive sentiment often drives prices higher.

Expense Ratio and Management Fees: The fund's operating costs, reflected in the expense ratio, can affect returns. Higher costs can slightly reduce the net asset value and potentially impact the price.

Index Tracking Efficiency: How closely FDVL.US mirrors its benchmark index affects its price. Inefficient tracking can lead to deviations between the ETF's performance and the index it aims to replicate.