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First Trust Morningstar Dividend Leaders Index Fund (FDL) Sharpe Ratio: 1.91

ETF · Currency in USD · Last updated Jun 25, 2026

The First Trust Morningstar Dividend Leaders Index Fund seeks to replicate, before fees and expenses, the price and yield of the Morningstar Dividend Leaders Index. The index selects U.S. companies with consistent and sustainable dividend policies and weights constituents by indicated dividend payments, subject to concentration limits.

FDL's Sharpe Ratio of 1.91 indicates that for each unit of volatility, it generates 1.91 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Jun 25, 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. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

FDL Sharpe Ratio Rank

FDL Sharpe Ratio Rank: 64.965
Above Average

FDL ranks above 64.9% of all investments in our database based on Sharpe Ratio over the past 12 months, indicating above-average returns relative to volatility. 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

  • Above-average risk-adjusted returns with room for improvement
  • Compare against category peers to gauge relative positioning
  • Monitor for movement toward top tier or decline toward median
  • Consider pairing with top-tier holdings to improve portfolio efficiency

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%): 0.82 or lower
  • Yellow zone (middle 50%): 0.82 to 2.07
  • Green zone (top 25%): 2.07 or higher
  • Top 1%: 6.83+
  • Median: 1.50 — 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 Jun 25, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
VLUEiShares MSCI USA Value Factor ETF4.17
LVHIFranklin International Low Volatility High Dividend Index ETF3.28
SEIVSEI Enhanced US Large Cap Value Factor ETF3.04
AVLVAvantis U.S. Large Cap Value ETF2.92
PWVInvesco Dynamic Large Cap Value ETF2.78
PRFInvesco RAFI US 1000 ETF2.78
FNDXSchwab Fundamental U.S. Large Company Index ETF2.77
INCEFranklin Income Equity Focus ETF2.75
MGVVanguard Mega Cap Value ETF2.71
PVALPutnam Focused Large Cap Value ETF2.70
FDLFirst Trust Morningstar Dividend Leaders Index Fund1.91

S&P 500 Index

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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Sharpe Ratio Calculator

How does FDL fit in your portfolio?

Add your other holdings to see your portfolio's Sharpe Ratio and find out.

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