AHR vs. FDL

Last updated Jun 3, 2026

AHR (American Healthcare REIT, Inc.) is a stock, while FDL (First Trust Morningstar Dividend Leaders Index Fund) is Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Over the past year, AHR returned 35.48% vs 24.43% for FDL. At a 0.24 correlation, their price movements are largely independent.

Performance

AHR vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Healthcare REIT, Inc. (AHR) 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, AHR achieves a -0.92% return, which is significantly lower than FDL's 13.62% return.

AHR

• 1D: -1.80%
• 1M: -7.52%
• YTD: -0.92%
• 6M: -7.07%
• 1Y: 35.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: 0.42%
• 1M: -0.81%
• YTD: 13.62%
• 6M: 16.42%
• 1Y: 24.43%
• 3Y*: 19.07%
• 5Y*: 12.64%
• 10Y*: 11.27%

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

AHR vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AHR American Healthcare REIT, Inc.	-0.92%	70.03%	126.69%
FDL First Trust Morningstar Dividend Leaders Index Fund	13.62%	14.79%	17.30%

Correlation

The correlation between AHR and FDL is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024	0.24

The correlation between AHR and FDL shifts across timeframes, from 0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AHR vs. FDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AHR

AHR Risk / Return Rank: 79
AHR Sharpe Ratio Rank: 81
AHR Sortino Ratio Rank: 76
AHR Omega Ratio Rank: 75
AHR Calmar Ratio Rank: 81
AHR Martin Ratio Rank: 83

FDL

FDL Risk / Return Rank: 73
FDL Sharpe Ratio Rank: 65
FDL Sortino Ratio Rank: 73
FDL Omega Ratio Rank: 62
FDL Calmar Ratio Rank: 91
FDL Martin Ratio Rank: 73

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AHR vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Healthcare REIT, Inc. (AHR) 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.

	AHR	FDL	Difference
Sharpe ratio Return per unit of total volatility	1.51	2.18	-0.66
Sortino ratio Return per unit of downside risk	2.07	3.35	-1.28
Omega ratio Gain probability vs. loss probability	1.27	1.38	-0.11
Calmar ratio Return relative to maximum drawdown	2.91	5.74	-2.83
Martin ratio Return relative to average drawdown	8.20	14.05	-5.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AHR vs. FDL - Sharpe Ratio Comparison

The current AHR Sharpe Ratio is 1.51, which is lower than the FDL Sharpe Ratio of 2.18. The chart below compares the historical Sharpe Ratios of AHR 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.

Sharpe Ratios by Period

	AHR	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.51	2.18	-0.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.89	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.96	0.45	+2.50

Drawdowns

AHR vs. FDL - Drawdown Comparison

The maximum AHR drawdown since its inception was -12.34%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for AHR and FDL.

Drawdown Indicators

	AHR	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-12.34%	-65.93%	+53.59%
Max Drawdown (1Y) Largest decline over 1 year	-12.34%	-4.27%	-8.07%
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	-12.34%	-1.92%	-10.42%
Average Drawdown Average peak-to-trough decline	-2.92%	-9.66%	+6.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	1.75%	+2.63%

Volatility

AHR vs. FDL - Volatility Comparison

American Healthcare REIT, Inc. (AHR) has a higher volatility of 9.29% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.95%. This indicates that AHR'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

	AHR	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.29%	2.95%	+6.34%
Volatility (6M) Calculated over the trailing 6-month period	18.52%	7.87%	+10.65%
Volatility (1Y) Calculated over the trailing 1-year period	23.56%	11.27%	+12.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.75%	14.31%	+12.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.75%	17.11%	+9.64%

Dividends

AHR vs. FDL - Dividend Comparison

AHR's dividend yield for the trailing twelve months is around 2.16%, less than FDL's 3.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHR American Healthcare REIT, Inc.	2.16%	2.12%	3.52%	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	3.67%	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 AHR and FDL in my portfolio?

AHR and FDL have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AHR or FDL?

AHR has higher volatility (9.29%) compared to FDL (2.95%). In terms of maximum drawdown, AHR dropped -12.34% vs FDL's -65.93%.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (2.18 vs 1.51), 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.