First Trust Multi-Asset Diversified Income Index Fund (MDIV) Alternatives
First Trust Multi-Asset Diversified Income Index Fund (MDIV) belongs to the Diversified Portfolio category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with MDIV. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to MDIV
MDIV charges 0.73% annually. Among ETFs in the Diversified Portfolio category, these options have the lowest expense ratios among MDIV alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Simplify US Equity PLUS Managed Futures Strategy E... | 0.10% | Dec 8, 2025 | MDIV vs CTAP | |
| iShares ESG Aware Aggressive Allocation ETF | 0.18% | Jun 12, 2020 | MDIV vs EAOA | |
| iShares ESG Aware Moderate Allocation ETF | 0.18% | Jun 12, 2020 | MDIV vs EAOM | |
| iShares ESG Aware Growth Allocation ETF | 0.18% | Jun 12, 2020 | MDIV vs EAOR | |
| iShares ESG Aware Conservative Allocation ETF | 0.18% | Jun 12, 2020 | MDIV vs EAOK |
Best Risk-Adjusted Alternatives to MDIV
Among ETFs in the Diversified Portfolio category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| VanEck Inflation Allocation ETF | 94 | Apr 9, 2018 | MDIV vs RAAX | |
| Brookstone Yield ETF | 91 | Sep 27, 2023 | MDIV vs BAMY | |
| iShares Morningstar Multi-Asset Income ETF | 91 | Apr 5, 2012 | MDIV vs IYLD | |
| Cambria Global Asset Allocation ETF | 90 | Dec 9, 2014 | MDIV vs GAA | |
| WisdomTree Emerging Markets Efficient Core Fund | 88 | May 20, 2021 | MDIV vs NTSE |
Top Performing MDIV Alternatives (YTD)
MDIV alternatives from the Diversified Portfolio category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| VanEck Inflation Allocation ETF | 16.55% | Apr 9, 2018 | MDIV vs RAAX | |
| Alpha Architect High Inflation And Deflation ETF | 5.63% | Nov 16, 2022 | MDIV vs HIDE | |
| WisdomTree Emerging Markets Efficient Core Fund | 5.59% | May 20, 2021 | MDIV vs NTSE | |
| Simplify US Equity PLUS Managed Futures Strategy E... | 5.36% | Dec 8, 2025 | MDIV vs CTAP | |
| UPAR Ultra Risk Parity ETF | 5.18% | Jan 3, 2022 | MDIV vs UPAR |
Lowest Volatility Alternatives to MDIV
MDIV alternatives from the Diversified Portfolio category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| FlexShares Real Assets Allocation Index Fund | 0.00% | Nov 23, 2015 | MDIV vs ASET | |
| Arrow DWA Tactical ETF | 0.00% | Oct 1, 2014 | MDIV vs DWAT | |
| First Trust High Income Strategic Focus ETF | 3.67% | Aug 13, 2014 | MDIV vs HISF | |
| Mindful Conservative ETF | 4.75% | Nov 2, 2021 | MDIV vs MFUL | |
| Alpha Architect High Inflation And Deflation ETF | 5.29% | Nov 16, 2022 | MDIV vs HIDE |
Lowest Drawdown Alternatives to MDIV
MDIV alternatives from the Diversified Portfolio category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| First Trust High Income Strategic Focus ETF | -2.90% | Aug 13, 2014 | MDIV vs HISF | |
| MKAM ETF | -3.72% | Apr 11, 2023 | MDIV vs MKAM | |
| Mindful Conservative ETF | -3.77% | Nov 2, 2021 | MDIV vs MFUL | |
| Alpha Architect High Inflation And Deflation ETF | -3.94% | Nov 16, 2022 | MDIV vs HIDE | |
| Defined Duration 10 ETF | -4.41% | Sep 21, 2021 | MDIV vs DDX |
Other ETFs from First Trust
Most popular First Trust ETFs on PortfoliosLab, across asset classes.
Often Compared With MDIV
What investors most often compare with MDIV, based on PortfoliosLab usage data.
Compare MDIV with Any Fund or Stock
Compare MDIV with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.