First Trust Morningstar Dividend Leaders Index Fund (FDL)

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The chart shows the growth of an initial investment of $10,000 in First Trust Morningstar Dividend Leaders Index Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.

First Trust Morningstar Dividend Leaders Index Fund (FDL) has returned 15.49% so far this year and 21.84% over the past 12 months. Over the last ten years, FDL has had an annualized return of 11.60%, just under the S&P 500 Index benchmark’s 12.16%.

Based on dividend-adjusted daily data since Mar 15, 2006, FDL's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, your investment would double in approximately 7.0 years.

Historically, 64% of months were positive and 36% were negative. The best month was Apr 2009 with a return of +14.0%, while the worst month was Jan 2009 at -21.5%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.

On a daily basis, FDL closed higher 53% of trading days. The best single day was Oct 28, 2008 with a return of +12.1%, while the worst single day was Mar 12, 2020 at -10.3%.

First Trust Morningstar Dividend Leaders Index Fund has an annualized alpha of 2.31%, beta of 0.82, and R² of 0.68 versus S&P 500 Index. Calculated based on daily prices since March 16, 2006.

• This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (84.64%) than losses (81.29%) — typical of diversified or defensive assets.
• This ETF generated an annualized alpha of 2.31% versus S&P 500 Index — delivering returns beyond what market exposure alone would predict.

FDL has an expense ratio of 0.45%, placing it in the medium range.

FDL ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

The table below present risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and compare them to a chosen benchmark (S&P 500 Index).

First Trust Morningstar Dividend Leaders Index Fund provided a 3.61% dividend yield over the last twelve months, with an annual payout of $1.83 per share.

The table displays the monthly dividend distributions for First Trust Morningstar Dividend Leaders Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the First Trust Morningstar Dividend Leaders Index Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the First Trust Morningstar Dividend Leaders Index Fund was 65.93%, occurring on Mar 5, 2009. Recovery took 996 trading sessions.

The current First Trust Morningstar Dividend Leaders Index Fund drawdown is 0.10%.

The chart below shows the rolling one-month volatility.