AFGR vs. TDIV
AFGR (First Trust Active Factor Large Cap Growth ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - AFGR is a Large Cap Growth Equities fund actively managed by First Trust, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. AFGR is actively managed, while TDIV is passively managed. Over the past 5 years, AFGR returned 7.22%/yr vs 17.37%/yr for TDIV. A 0.80 correlation means they provide meaningful diversification when combined. AFGR charges 0.65%/yr vs 0.50%/yr for TDIV.
Performance
AFGR vs. TDIV - Performance Comparison
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Returns By Period
In the year-to-date period, AFGR achieves a 1.90% return, which is significantly lower than TDIV's 21.17% return.
AFGR
- 1D
- 0.27%
- 1M
- 0.10%
- YTD
- 1.90%
- 6M
- 1.80%
- 1Y
- 12.07%
- 3Y*
- 19.38%
- 5Y*
- 7.22%
- 10Y*
- —
TDIV
- 1D
- 0.97%
- 1M
- 4.78%
- YTD
- 21.17%
- 6M
- 20.34%
- 1Y
- 36.48%
- 3Y*
- 28.42%
- 5Y*
- 17.37%
- 10Y*
- 18.57%
AFGR vs. TDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
AFGR First Trust Active Factor Large Cap Growth ETF | 1.90% | 17.28% | 25.96% | 45.21% | -39.18% | 13.23% | 21.39% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 21.17% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 15.35% |
Correlation
The correlation between AFGR and TDIV is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2020 | 0.80 |
The correlation between AFGR and TDIV has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
AFGR vs. TDIV — Risk / Return Rank
AFGR
TDIV
AFGR vs. TDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap Growth ETF (AFGR) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
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.
| AFGR | TDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.21 | ||
| Sortino ratioReturn per unit of downside risk | -1.49 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.32 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.61 | 3.23 | -2.62 |
| Martin ratioReturn relative to average drawdown | 1.74 | 9.78 | -8.04 |
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Drawdowns
AFGR vs. TDIV - Drawdown Comparison
The maximum AFGR drawdown since its inception was -45.97%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for AFGR and TDIV.
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Drawdown Indicators
| AFGR | TDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.97% | -31.97% | -14.00% |
Max Drawdown (1Y)Largest decline over 1 year | -19.89% | -11.35% | -8.54% |
Max Drawdown (3Y)Largest decline over 3 years | -26.57% | -23.00% | -3.57% |
Max Drawdown (5Y)Largest decline over 5 years | -45.97% | -31.97% | -14.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.97% | — |
Current DrawdownCurrent decline from peak | -4.84% | -8.87% | +4.03% |
Average DrawdownAverage peak-to-trough decline | -14.30% | -4.85% | -9.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.94% | 3.74% | +3.20% |
Volatility
AFGR vs. TDIV - Volatility Comparison
The current volatility for First Trust Active Factor Large Cap Growth ETF (AFGR) is 5.45%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 9.90%. This indicates that AFGR experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AFGR | TDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.45% | 9.90% | -4.45% |
Volatility (6M)Calculated over the trailing 6-month period | 14.45% | 15.62% | -1.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.53% | 19.72% | -1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 20.90% | +4.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.52% | 20.96% | +3.56% |
AFGR vs. TDIV - Expense Ratio Comparison
AFGR has a 0.65% expense ratio, which is higher than TDIV's 0.50% expense ratio.
Dividends
AFGR vs. TDIV - Dividend Comparison
AFGR has not paid dividends to shareholders, while TDIV's dividend yield for the trailing twelve months is around 1.20%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AFGR First Trust Active Factor Large Cap Growth ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.20% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
Frequently Asked Questions
AFGR and TDIV have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDIV has higher volatility (9.90%) compared to AFGR (5.45%). In terms of maximum drawdown, AFGR dropped -45.97% vs TDIV's -31.97%.
On 5-year performance, TDIV leads with 17.37% vs 7.22% for AFGR. On fees, TDIV is cheaper at 0.50% per year. On volatility, AFGR has been the lower-risk option at 5.45%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, TDIV has performed better with a 17.37% return vs 7.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDIV is cheaper with a 0.50% expense ratio, compared with 0.65% for AFGR.
TDIV has the higher dividend yield at 1.20%, compared with 0.00% for AFGR.
AFGR is categorized as Large Cap Growth Equities, while TDIV is Technology Equities. Their fees differ too: 0.65% for AFGR and 0.50% for TDIV.
TDIV currently has the higher Sharpe Ratio (1.86 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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