AGIX vs. FDL

Last updated Aug 4, 2026

AGIX (KraneShares Artificial Intelligence & Technology ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - AGIX is a Artificial Intelligence fund tracking the Solactive Etna Artificial General Intelligence Index, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. Over the past year, AGIX returned 40.64% vs 28.15% for FDL. Their -0.04 correlation means they have often moved in opposite directions in the past. AGIX charges 1.00%/yr vs 0.43%/yr for FDL.

Performance

AGIX vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KraneShares Artificial Intelligence & Technology ETF (AGIX) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AGIX achieves a 20.15% return, which is significantly higher than FDL's 18.62% return.

AGIX

• 1D: 3.14%
• 1M: -1.79%
• 6M: 23.43%
• YTD: 20.15%
• 1Y: 40.64%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 31.65%

FDL

• 1D: 0.39%
• 1M: 3.67%
• 6M: 9.83%
• YTD: 18.62%
• 1Y: 28.15%
• 3Y*: 19.02%
• 5Y*: 14.10%
• 10Y*: 11.08%
• ALL TIME*: 8.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
AGIX KraneShares Artificial Intelligence & Technology ETF	$6.09M	$6.71M	$18.19M
FDL First Trust Morningstar Dividend Leaders Index Fund	$51.38M	$49.50M	$43.21M

AGIX vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AGIX KraneShares Artificial Intelligence & Technology ETF	20.15%	29.24%	12.92%
FDL First Trust Morningstar Dividend Leaders Index Fund	18.62%	14.79%	2.47%

Correlation

The correlation between AGIX and FDL is -0.26, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.26
Correlation (All Time) Calculated using the full available price history since Jul 18, 2024	-0.04

Over the past year, the inverse relationship between AGIX and FDL has strengthened: their correlation has moved from -0.04 to -0.26, meaning they now move in opposite directions more often than their long-term average.

AGIX vs. FDL - Sectors Allocation Comparison

Sectors	AGIX	FDL
Technology	69.0%	4.3%
Communication Services	8.2%	11.2%
Consumer Cyclical	4.7%	4.4%
Industrials	2.2%	3.6%
Financial Services	2.1%	13.7%
Utilities	1.4%	15.4%
Healthcare	0.9%	11.7%
Basic Materials	0.6%	0.4%
Consumer Defensive	-	24.3%
Energy	-	11.1%
Real Estate	-	-

Return for Risk

AGIX vs. FDL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

AGIX

AGIX Risk / Return Rank: 53
AGIX Sharpe Ratio Rank: 58
AGIX Sortino Ratio Rank: 55
AGIX Omega Ratio Rank: 51
AGIX Calmar Ratio Rank: 56
AGIX Martin Ratio Rank: 44

FDL

FDL Risk / Return Rank: 92
FDL Sharpe Ratio Rank: 91
FDL Sortino Ratio Rank: 93
FDL Omega Ratio Rank: 89
FDL Calmar Ratio Rank: 96
FDL Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

AGIX vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KraneShares Artificial Intelligence & Technology ETF (AGIX) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.

	AGIX	FDL	Difference
Sharpe ratio: Return per unit of total volatility	1.42	2.38	-0.96
Sortino ratio: Return per unit of downside risk	1.97	3.58	-1.62
Omega ratio: Gain probability vs. loss probability	1.24	1.42	-0.18
Calmar ratio: Return relative to maximum drawdown	2.06	6.62	-4.56
Martin ratio: Return relative to average drawdown	5.12	15.62	-10.49

AGIX vs. FDL - Sharpe Ratio Comparison

The current AGIX Sharpe Ratio is 1.42, which is lower than the FDL Sharpe Ratio of 2.38. The chart below compares the historical Sharpe Ratios of AGIX and FDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AGIX vs. FDL - Drawdown Comparison

The maximum AGIX drawdown since its inception was -31.48%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for AGIX and FDL.

Drawdown Indicators

	AGIX	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-31.48%	-65.93%	+34.45%
Max Drawdown (1Y) Largest decline over 1 year	-19.85%	-4.27%	-15.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.40%	—
Current Drawdown Current decline from peak	-11.70%	-1.58%	-10.12%
Average Drawdown Average peak-to-trough decline	-6.18%	-9.59%	+3.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.95%	1.81%	+6.14%

Volatility

AGIX vs. FDL - Volatility Comparison

KraneShares Artificial Intelligence & Technology ETF (AGIX) has a higher volatility of 10.14% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.65%. This indicates that AGIX's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AGIX	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.14%	4.65%	+5.49%
Volatility (6M) Calculated over the trailing 6-month period	24.12%	8.75%	+15.37%
Volatility (1Y) Calculated over the trailing 1-year period	28.82%	11.89%	+16.93%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.15%	14.44%	+15.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.15%	17.16%	+12.99%

AGIX vs. FDL - Expense Ratio Comparison

AGIX has a 1.00% expense ratio, which is higher than FDL's 0.43% expense ratio.

Dividends

AGIX vs. FDL - Dividend Comparison

AGIX's dividend yield for the trailing twelve months is around 1.00%, less than FDL's 3.58% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGIX KraneShares Artificial Intelligence & Technology ETF	1.00%	1.21%	0.77%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDL First Trust Morningstar Dividend Leaders Index Fund	3.58%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%

Frequently Asked Questions

Can I hold both AGIX and FDL in my portfolio?

AGIX and FDL have a correlation of -0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AGIX or FDL?

AGIX has higher volatility (10.14%) compared to FDL (4.65%). In terms of maximum drawdown, AGIX dropped -31.48% vs FDL's -65.93%.

Which ETF is better, AGIX or FDL?

On 1-year performance, AGIX leads with 40.64% vs 28.15% for FDL. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AGIX or FDL?

Over the 1-year period, AGIX has performed better with a 40.64% return vs 28.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AGIX or FDL?

FDL is cheaper with a 0.43% expense ratio, compared with 1.00% for AGIX.

Which ETF pays a higher dividend yield, AGIX or FDL?

FDL has the higher dividend yield at 3.58%, compared with 1.00% for AGIX.

What is the main difference between AGIX and FDL?

AGIX is categorized as Artificial Intelligence, while FDL is Large Cap Value Equities. AGIX tracks Solactive Etna Artificial General Intelligence Index, while FDL tracks Morningstar Dividend Leaders Index. They also come from different issuers: KraneShares and First Trust. Their fees differ too: 1.00% for AGIX and 0.43% for FDL.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (2.38 vs 1.42), 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.