FVD Alternatives & Similar ETFs

First Trust Value Line Dividend Index Fund (FVD) belongs to the Mid Cap Value Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with FVD. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to FVD

FVD charges 0.61% annually. There are 40 ETFs in the Mid Cap Value Equities category with lower expense ratios, going as low as 0.05%.

Symbol	Name	Expense Ratio	AUM	Inception
VOE	Vanguard Mid-Cap Value ETF	0.05%	36.60B	Aug 2006	FVD vs VOE
IMCV	iShares Morningstar Mid-Cap ETF	0.06%	1.14B	Jun 2004	FVD vs IMCV
NIXT	Research Affiliates Deletions ETF	0.09%	34.44M	Sep 2024	FVD vs NIXT
IVOV	Vanguard S&P Mid-Cap 400 Value ETF	0.10%	1.40B	Sep 2010	FVD vs IVOV
WTV	WisdomTree U.S. Value Fund	0.12%	2.92B	Feb 2007	FVD vs WTV

Best Risk-Adjusted Alternatives to FVD

FVD has a PortfoliosLab risk / return rank of 28. There are 39 ETFs in the Mid Cap Value Equities category with higher risk-adjusted ranks, going as high as 88.

Symbol	Name	Risk / Return Rank	AUM	Inception
EQRR	ProShares Equities for Rising Rates ETF	88	54.30M	Jul 2017	FVD vs EQRR
RDIV	Invesco S&P Ultra Dividend Revenue ETF	74	1.19B	Oct 2013	FVD vs RDIV
IWS	iShares Russell Mid-Cap Value ETF	72	15.43B	Jul 2001	FVD vs IWS
QVAL	Alpha Architect U.S. Quantitative Value ETF	70	509.34M	Oct 2014	FVD vs QVAL
DVLU	First Trust Dorsey Wright Momentum & Value ETF	69	44.83M	Sep 2018	FVD vs DVLU

Top Performing FVD Alternatives (YTD)

FVD is at 3.30% YTD. There are 43 ETFs in the Mid Cap Value Equities category with higher YTD returns, going as high as 27.06%.

Symbol	Name	YTD Return	AUM	Inception
EQRR	ProShares Equities for Rising Rates ETF	27.06%	54.30M	Jul 2017	FVD vs EQRR
EPMV	Harbor Mid Cap Value ETF	19.10%	4.72M	May 2025	FVD vs EPMV
TMVE	Thrivent Mid Cap Value ETF	17.76%	—	Feb 2020	FVD vs TMVE
IWS	iShares Russell Mid-Cap Value ETF	17.05%	15.43B	Jul 2001	FVD vs IWS
NIXT	Research Affiliates Deletions ETF	16.63%	34.44M	Sep 2024	FVD vs NIXT

Lowest Volatility Alternatives to FVD

FVD has 9.73% 1-year volatility. No ETFs in the Mid Cap Value Equities category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 10.27%.

Symbol	Name	Volatility 1Y	AUM	Inception
AUSF	Global X Adaptive U.S. Factor ETF	10.27%	840.28M	Aug 2018	FVD vs AUSF
SDY	SPDR S&P Dividend ETF	10.46%	21.15B	Nov 2005	FVD vs SDY
DIV	Global X SuperDividend U.S. ETF	10.52%	730.89M	Mar 2013	FVD vs DIV
TPHD	Timothy Plan High Dividend Stock ETF	10.65%	341.43M	Apr 2019	FVD vs TPHD
SNPD	Xtrackers S&P ESG Dividend Aristocrats ETF	11.15%	2.62M	Nov 2022	FVD vs SNPD

Lowest Drawdown Alternatives to FVD

FVD has a 1-year max drawdown of -7.23%. There are 14 ETFs in the Mid Cap Value Equities category with shallower 1-year drawdowns, going as shallow as -4.84%.

Symbol	Name	Max Drawdown 1Y	AUM	Inception
RDIV	Invesco S&P Ultra Dividend Revenue ETF	-4.84%	1.19B	Oct 2013	FVD vs RDIV
EQRR	ProShares Equities for Rising Rates ETF	-4.95%	54.30M	Jul 2017	FVD vs EQRR
DIV	Global X SuperDividend U.S. ETF	-5.23%	730.89M	Mar 2013	FVD vs DIV
RNIN	Bushido Capital US SMID Cap Equity ETF	-5.70%	—	May 2025	FVD vs RNIN
AUSF	Global X Adaptive U.S. Factor ETF	-5.84%	840.28M	Aug 2018	FVD vs AUSF

Other ETFs from First Trust

The 10 most viewed First Trust ETFs shown here include CIBR, GRID, NFTY and span 13 categories. AUM among these funds goes as high as $14B.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
CIBR	First Trust NASDAQ Cybersecurity ETF	Cybersecurity, Technology Equities	18	17.18%	13.59B	Jul 2015	FVD vs CIBR
GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastru...	Alternative Energy Equities	78	29.16%	11.60B	Nov 2009	FVD vs GRID
NFTY	First Trust India NIFTY 50 Equal Weight ETF	Asia Pacific Equities, Equal Weight	6	-6.07%	136.58M	Feb 2012	FVD vs NFTY
AIRR	First Trust RBA American Industrial Renaissance ET...	Building & Construction	85	35.61%	11.14B	Mar 2014	FVD vs AIRR
FDL	First Trust Morningstar Dividend Leaders Index Fun...	Large Cap Value Equities, Dividend	65	11.33%	9.22B	Mar 2006	FVD vs FDL
IGLD	FT Vest Gold Strategy Target Income ETF	Gold, Derivative Income, Precious Metals	20	-3.67%	543.16M	Mar 2021	FVD vs IGLD
FTXL	First Trust Nasdaq Semiconductor ETF	Semiconductors, Technology Equities	97	129.34%	2.89B	Sep 2016	FVD vs FTXL
TDIV	First Trust NASDAQ Technology Dividend Index Fund	Technology Equities, Dividend	61	21.87%	4.90B	Aug 2012	FVD vs TDIV
QCLN	First Trust NASDAQ Clean Edge Green Energy Index F...	Alternative Energy Equities	85	46.37%	880.41M	Feb 2007	FVD vs QCLN
KNG	FT Vest S&P 500 Dividend Aristocrats Target Income...	Dividend, S&P 500	28	4.17%	3.32B	Mar 2018	FVD vs KNG

Often Compared With FVD

Investors most often compare FVD with SCHD, FTCS, VYM. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
SCHD	Schwab U.S. Dividend Equity ETF	Dividend	76	17.24%	99.95B	Oct 2011	FVD vs SCHD
FTCS	First Trust Capital Strength ETF	Large Cap Blend Equities	16	0.55%	7.59B	Jul 2006	FVD vs FTCS
VYM	Vanguard High Dividend Yield ETF	Dividend	78	11.70%	96.10B	Nov 2006	FVD vs VYM
HDV	iShares Core High Dividend ETF	Dividend, Large Cap Value Equities	64	12.57%	14.51B	Mar 2011	FVD vs HDV
HERD	Pacer Cash Cows Fund of Funds ETF	Global Equities	68	7.61%	98.29M	May 2019	FVD vs HERD
SPHD	Invesco S&P 500® High Dividend Low Volatility ETF	Dividend, S&P 500, Large Cap Value Equities	28	6.47%	3.27B	Oct 2012	FVD vs SPHD
VOO	Vanguard S&P 500 ETF	S&P 500	68	9.75%	1.70T	Sep 2010	FVD vs VOO
SPY	State Street SPDR S&P 500 ETF	S&P 500	68	9.74%	765.27B	Jan 1993	FVD vs SPY
NOBL	ProShares S&P 500 Dividend Aristocrats ETF	Dividend, S&P 500, Large Cap Value Equities	31	5.77%	11.27B	Oct 2013	FVD vs NOBL
SMHB	ETRACS 2xMonthly Pay Leveraged US Small Cap High D...	Leveraged Equities, Dividend	10	5.99%	19.63M	Nov 2018	FVD vs SMHB
DVY	iShares Select Dividend ETF	Large Cap Value Equities, Dividend	64	10.93%	22.50B	Nov 2003	FVD vs DVY
VT	Vanguard Total World Stock ETF	Global Equities	70	12.36%	95.30B	Jun 2008	FVD vs VT
COWZ	Pacer US Cash Cows 100 ETF	Mid Cap Value Equities, Dividend	43	2.67%	18.08B	Dec 2016	FVD vs COWZ
CVAR	Cultivar ETF	Mid Cap Value Equities	23	-1.03%	—	Dec 2021	FVD vs CVAR
PEY	Invesco High Yield Equity Dividend Achievers™ ETF	Mid Cap Value Equities, Dividend	37	12.79%	1.07B	Dec 2004	FVD vs PEY
SYLD	Cambria Shareholder Yield ETF	Mid Cap Value Equities, Dividend	57	13.94%	941.11M	May 2013	FVD vs SYLD
VTV	Vanguard Value ETF	Large Cap Value Equities	87	15.12%	245.00B	Jan 2004	FVD vs VTV
VIG	Vanguard Dividend Appreciation ETF	Dividend	61	7.53%	127.80B	Apr 2006	FVD vs VIG
CCFE	Concourse Capital Focused Equity ETF	Mid Cap Value Equities	18	4.16%	35.51M	Jun 2025	FVD vs CCFE
DGRW	WisdomTree U.S. Quality Dividend Growth Fund	Dividend, Large Cap Growth Equities	55	7.35%	16.61B	May 2013	FVD vs DGRW

Compare FVD with Any Fund or Stock

Compare FVD with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair FVD with funds that move differently

First Trust Value Line Dividend Index Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FVD.

Explore FVD Diversifiers

First Trust Value Line Dividend Index Fund (FVD) Alternatives