- ISIN
- US33734H1068
- CUSIP
- 33734H106
- Issuer
- First Trust
- Inception Date
- Aug 26, 2003
- Region
- North America (U.S.)
- Category
- Mid Cap Value Equities, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- Value Line Dividend Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Value
- Assets Under Management
- $8B
Share Price Chart
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Performance
FVD Performance Chart
First Trust Value Line Dividend Index Fund (FVD) is up 3.3% since the beginning of the year. FVD is currently trading at $47 per share. Investors who bought $1,000 worth of FVD shares 5 years ago would now be looking at an investment worth $1,338.
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Returns By Period
First Trust Value Line Dividend Index Fund (FVD) has returned 3.30% so far this year and 9.84% over the past 12 months. Over the last ten years, FVD has returned 8.54% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Value Line Dividend Index Fund
- 1D
- -0.17%
- 1M
- -1.17%
- YTD
- 3.30%
- 6M
- 2.96%
- 1Y
- 9.84%
- 3Y*
- 8.73%
- 5Y*
- 5.99%
- 10Y*
- 8.54%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
FVD Monthly Returns History
Based on dividend-adjusted daily data since Oct 9, 2003, FVD's average daily return is +0.04%, while the average monthly return is +0.83%. At this rate, an investment would double in approximately 7.0 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +10.0%, while the worst month was Mar 2020 at -14.1%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 4 months.
On a daily basis, FVD closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +9.6%, while the worst single day was Mar 16, 2020 at -10.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.91% | 4.59% | -5.57% | 2.08% | -1.56% | 0.17% | 3.30% | ||||||
| 2025 | 1.92% | 1.89% | -1.03% | -1.75% | 2.15% | 0.47% | 0.51% | 3.34% | 0.14% | -2.40% | 3.21% | -0.39% | 8.16% |
| 2024 | -0.79% | 2.04% | 3.32% | -3.43% | 2.45% | -1.80% | 6.23% | 3.49% | 2.06% | -1.89% | 4.64% | -5.98% | 10.04% |
| 2023 | 2.51% | -2.93% | 1.68% | 1.07% | -4.75% | 4.39% | 1.87% | -4.14% | -4.04% | -1.90% | 6.24% | 4.84% | 4.11% |
| 2022 | -2.93% | -2.14% | 4.04% | -4.23% | 1.56% | -5.24% | 4.82% | -3.05% | -8.77% | 8.35% | 6.91% | -3.07% | -5.18% |
| 2021 | -1.45% | 2.11% | 8.13% | 3.84% | 2.28% | -0.94% | 1.94% | 2.07% | -4.89% | 5.08% | -2.50% | 7.76% | 25.08% |
Benchmark Metrics
First Trust Value Line Dividend Index Fund has an annualized alpha of 2.36%, beta of 0.77, and R2 of 0.78 versus S&P 500 Index. Calculated based on daily prices since October 09, 2003.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (83.10%) than losses (79.02%) - typical of diversified or defensive assets.
- This ETF generated an annualized alpha of 2.36% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.36%
- Beta
- 0.77
- R²
- 0.78
- Upside Capture
- 83.10%
- Downside Capture
- 79.02%
Expense Ratio
FVD has an expense ratio of 0.61%, placing it in the medium range.
Return for Risk
Risk / Return Rank
FVD ranks 28 for risk / return — below 28% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Value Line Dividend Index Fund (FVD) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| FVD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.37 | 2.78 | -1.42 |
| Martin ratioReturn relative to average drawdown | 3.52 | 12.44 | -8.92 |
Dividends
Dividend History
First Trust Value Line Dividend Index Fund provided a 2.29% dividend yield over the last twelve months, with an annual payout of $1.08 per share. The fund has been increasing its distributions for 4 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.08 | $1.09 | $0.97 | $0.95 | $0.88 | $0.75 | $0.81 | $0.73 | $0.73 | $0.65 | $0.57 | $0.56 |
Dividend yield | 2.29% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Value Line Dividend Index Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.32 | $1.09 |
| 2024 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.28 | $0.97 |
| 2023 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.29 | $0.95 |
| 2022 | $0.00 | $0.05 | $0.19 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.27 | $0.88 |
| 2021 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.23 | $0.75 |
Drawdowns
Drawdowns Chart
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the First Trust Value Line Dividend 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 Value Line Dividend Index Fund was 51.00%, occurring on Mar 9, 2009. Recovery took 501 trading sessions.
The current First Trust Value Line Dividend Index Fund drawdown is 4.95%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -51.00%Mar 2009 | 1y 9mo | 1y 11mo | 3y 9moJun 2007 - Mar 2011 |
COVID crash2020 | -35.25%Mar 2020 | 1mo 4d | 11mo 7d | 1y 6dFeb 2020 - Feb 2021 |
Bear market2022 | -16.41%Oct 2022 | 5mo 24d | 1y 4mo | 1y 10moApr 2022 - Mar 2024 |
2011 correction2011 | -15.40%Aug 2011 | 2mo 20d | 5mo 13d | 8mo 3dMay 2011 - Jan 2012 |
Rate-hike selloffLate 2018 | -12.87%Dec 2018 | 3mo 1d | 1mo 23d | 4mo 24dSep 2018 - Feb 2019 |
Drawdown Indicators
| FVD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.00% | -56.78% | +5.78% |
Max Drawdown (1Y)Largest decline over 1 year | -7.23% | -9.10% | +1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -11.97% | -18.90% | +6.93% |
Max Drawdown (5Y)Largest decline over 5 years | -16.41% | -25.43% | +9.02% |
Max Drawdown (10Y)Largest decline over 10 years | -35.25% | -33.92% | -1.33% |
Current DrawdownCurrent decline from peak | -4.95% | -1.80% | -3.15% |
Average DrawdownAverage peak-to-trough decline | -5.44% | -10.71% | +5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.03% | +0.77% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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