- ISIN
- US33738R1005
- CUSIP
- 33738R100
- Issuer
- First Trust
- Inception Date
- Aug 14, 2012
- Region
- North America (U.S.)
- Category
- Diversified Portfolio
- Leveraged
- 1x (No leverage)
- Index Tracked
- NASDAQ US Multi-Asset Diversified Income Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $413M
Share Price Chart
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Performance
MDIV Performance Chart
First Trust Multi-Asset Diversified Income Index Fund (MDIV) is up 7.5% since the beginning of the year. MDIV is currently trading at $16 per share. Investors who bought $1,000 worth of MDIV shares 5 years ago would now be looking at an investment worth $1,327.
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Returns By Period
First Trust Multi-Asset Diversified Income Index Fund (MDIV) has returned 7.49% so far this year and 10.55% over the past 12 months. Over the last ten years, MDIV has returned 4.79% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
First Trust Multi-Asset Diversified Income Index Fund
- 1D
- 0.09%
- 1M
- -1.32%
- YTD
- 7.49%
- 6M
- 7.59%
- 1Y
- 10.55%
- 3Y*
- 11.96%
- 5Y*
- 5.82%
- 10Y*
- 4.79%
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%
MDIV Monthly Returns History
Based on dividend-adjusted daily data since Aug 14, 2012, MDIV's average daily return is +0.02%, while the average monthly return is +0.47%. At this rate, an investment would double in approximately 12.3 years.
Historically, 62% of months were positive and 38% were negative. The best month was Apr 2020 with a return of +15.0%, while the worst month was Mar 2020 at -28.9%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 3 months.
On a daily basis, MDIV closed higher 52% of trading days. The best single day was Mar 19, 2020 with a return of +11.5%, while the worst single day was Mar 18, 2020 at -17.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.61% | 2.45% | -1.47% | 3.60% | -0.26% | -0.54% | 7.49% | ||||||
| 2025 | 2.09% | 1.49% | -0.62% | -3.25% | 0.96% | 0.54% | 1.08% | 2.73% | -0.83% | -2.00% | 2.32% | -0.62% | 3.77% |
| 2024 | -0.49% | 0.64% | 2.49% | -0.82% | 1.81% | 0.12% | 4.01% | 1.71% | 1.63% | -1.44% | 4.31% | -4.05% | 10.05% |
| 2023 | 7.08% | -3.00% | -4.00% | 0.63% | -3.44% | 3.62% | 5.22% | -2.03% | -1.19% | -1.90% | 7.00% | 3.88% | 11.50% |
| 2022 | 1.29% | -0.94% | 2.59% | -3.32% | 3.47% | -8.57% | 8.39% | -2.71% | -8.21% | 6.27% | 3.15% | -3.74% | -3.86% |
| 2021 | 1.08% | 2.37% | 5.18% | 4.02% | 0.97% | 1.24% | -0.63% | -0.36% | -1.04% | 2.25% | -3.12% | 3.73% | 16.51% |
Benchmark Metrics
First Trust Multi-Asset Diversified Income Index Fund has an annualized alpha of -1.86%, beta of 0.55, and R2 of 0.45 versus S&P 500 Index. Calculated based on daily prices since August 14, 2012.
- This ETF participated in 81.11% of S&P 500 Index downside but only 54.58% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.55 may look defensive, but with R2 of 0.45 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.45 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- -1.86%
- Beta
- 0.55
- R²
- 0.45
- Upside Capture
- 54.58%
- Downside Capture
- 81.11%
Expense Ratio
MDIV has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
MDIV ranks 51 for risk / return — on par with similar ETFs. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for First Trust Multi-Asset Diversified Income Index Fund (MDIV) 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.
| MDIV | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.37 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.12 | 2.78 | +0.34 |
| Martin ratioReturn relative to average drawdown | 8.65 | 12.44 | -3.79 |
Dividends
Dividend History
First Trust Multi-Asset Diversified Income Index Fund provided a 6.40% dividend yield over the last twelve months, with an annual payout of $1.05 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.05 | $1.02 | $1.03 | $0.95 | $1.00 | $0.88 | $0.90 | $1.11 | $1.14 | $1.15 | $1.21 | $1.35 |
Dividend yield | 6.40% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
Monthly Dividends
The table displays the monthly dividend distributions for First Trust Multi-Asset Diversified Income 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 | $0.06 | $0.08 | $0.13 | $0.05 | $0.13 | $0.00 | $0.46 | ||||||
| 2025 | $0.07 | $0.07 | $0.13 | $0.05 | $0.10 | $0.10 | $0.05 | $0.10 | $0.09 | $0.07 | $0.11 | $0.08 | $1.02 |
| 2024 | $0.07 | $0.07 | $0.12 | $0.06 | $0.09 | $0.09 | $0.05 | $0.12 | $0.10 | $0.07 | $0.08 | $0.11 | $1.03 |
| 2023 | $0.06 | $0.07 | $0.14 | $0.02 | $0.10 | $0.07 | $0.05 | $0.09 | $0.10 | $0.05 | $0.11 | $0.10 | $0.95 |
| 2022 | $0.06 | $0.07 | $0.09 | $0.05 | $0.11 | $0.10 | $0.03 | $0.11 | $0.12 | $0.06 | $0.09 | $0.11 | $1.00 |
| 2021 | $0.08 | $0.07 | $0.05 | $0.06 | $0.08 | $0.07 | $0.06 | $0.08 | $0.08 | $0.06 | $0.10 | $0.09 | $0.88 |
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 Multi-Asset Diversified Income 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 Multi-Asset Diversified Income Index Fund was 48.50%, occurring on Mar 18, 2020. Recovery took 459 trading sessions.
The current First Trust Multi-Asset Diversified Income Index Fund drawdown is 1.73%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -48.50%Mar 2020 | 2mo 1d | 1y 9mo | 1y 12moJan 2020 - Jan 2022 |
2016 correction2016 | -19.83%Feb 2016 | 1y 5mo | 6mo 20d | 1y 12moSep 2014 - Aug 2016 |
2023 correction2023 | -13.02%Mar 2023 | 1mo 18d | 8mo 25d | 10mo 13dFeb 2023 - Dec 2023 |
Bear market2022 | -12.63%Sep 2022 | 5mo 11d | 4mo 6d | 9mo 17dApr 2022 - Feb 2023 |
Rate-hike selloffLate 2018 | -12.38%Dec 2018 | 4mo 4d | 1mo 27d | 6mo 1dAug 2018 - Feb 2019 |
Drawdown Indicators
| MDIV | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.50% | -56.78% | +8.28% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | -9.10% | +5.71% |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | -18.90% | +9.28% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | -25.43% | +12.41% |
Max Drawdown (10Y)Largest decline over 10 years | -48.50% | -33.92% | -14.58% |
Current DrawdownCurrent decline from peak | -1.73% | -1.80% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -10.71% | +6.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.03% | -0.81% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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