First Trust Morningstar Dividend Leaders Index Fund (FDL) Sharpe Ratio: 1.47

FDL's Sharpe Ratio of 1.47 indicates that for each unit of volatility, it generates 1.47 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Apr 1, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets.

FDL Sharpe Ratio Rank

Exceptional

FDL ranks above 81.0% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

Strong returns with low total volatility → Higher rank
High volatility (both upside and downside) → Lower rank
Consistent returns → Higher rank than volatile returns of same magnitude
Sharp drawdowns increase volatility → Lower rank

What you can do with this information

Suitable as a core holding given strong risk-adjusted returns
Monitor rank changes to detect deteriorating return-to-volatility profile
Exceptional Sharpe ratio supports larger position sizes
Compare with category peers to assess whether strength is investment-specific or category-wide

FDL Sharpe Ratio Market Positioning

The chart shows FDL's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

Red zone (bottom 25%): 0.47 or lower
Yellow zone (middle 50%): 0.47 to 1.40
Green zone (top 25%): 1.40 or higher
Top 1%: 5.76+
Median: 0.94 — half of all investments score higher

How it compares to other similar ETFs

The table compares First Trust Morningstar Dividend Leaders Index Fund's Sharpe Ratio with other ETFs in the Large Cap Value Equities, Dividend category across multiple time periods, showing how FDL's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Apr 1, 2026.

Symbol	Name	1Y Sharpe Ratio
IDV	iShares International Select Dividend ETF	2.88
FGD	First Trust Dow Jones Global Select Dividend Index Fund	2.66
DVYA	iShares Asia/Pacific Dividend ETF	2.60
LVHI	Legg Mason International Low Volatility High Dividend ETF	2.41
FIDI	Fidelity International High Dividend ETF	2.35
IDOG	ALPS International Sector Dividend Dogs ETF	2.27
GCOW	Pacer Global Cash Cows Dividend ETF	2.27
FID	First Trust S&P International Dividend Aristocrats ETF	2.16
SCHY	Schwab International Dividend Equity ETF	2.13
DTH	WisdomTree International High Dividend Fund	2.11
FDL	First Trust Morningstar Dividend Leaders Index Fund	1.47

Benchmark Against

Benchmark

S&P 500 Index

Lookback Period

How to choose period

Historical Sharpe Ratio

The chart shows FDL's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when FDL consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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Explore FDL risk-adjusted metrics in detail

Dive deeper into individual metrics with historical trends, benchmark comparisons, and performance across different time periods.

FDL Sortino Ratio