AVGW vs. FDL

Last updated Jun 4, 2026

AVGW (Roundhill AVGO WeeklyPay™ ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - AVGW is a Derivative Income fund actively managed by Roundhill, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. AVGW is actively managed, while FDL is passively managed. At a correlation of -0.17, they often move in opposite directions. AVGW charges 0.99%/yr vs 0.45%/yr for FDL.

Performance

AVGW vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Roundhill AVGO WeeklyPay™ ETF (AVGW) 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, AVGW achieves a 43.84% return, which is significantly higher than FDL's 13.33% return.

AVGW

• 1D: -1.38%
• 1M: 17.30%
• YTD: 43.84%
• 6M: 27.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: -0.26%
• 1M: -0.26%
• YTD: 13.33%
• 6M: 14.76%
• 1Y: 23.67%
• 3Y*: 18.97%
• 5Y*: 12.51%
• 10Y*: 11.24%

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

AVGW vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025
AVGW Roundhill AVGO WeeklyPay™ ETF	43.84%	20.91%
FDL First Trust Morningstar Dividend Leaders Index Fund	13.33%	4.30%

Correlation

The correlation between AVGW and FDL is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 25, 2025	-0.17

AVGW vs. FDL - Sectors Allocation Comparison

Sectors	AVGW	FDL
Technology	33.2%	1.1%
Basic Materials	-	0.3%
Communication Services	-	10.6%
Consumer Cyclical	-	3.8%
Consumer Defensive	-	14.7%
Energy	-	27.3%
Financial Services	-	15.1%
Healthcare	-	16.8%
Industrials	-	3.8%
Real Estate	-	-
Utilities	-	6.5%

Return for Risk

AVGW vs. FDL — Risk / Return Rank

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

FDL

FDL Risk / Return Rank: 70
FDL Sharpe Ratio Rank: 61
FDL Sortino Ratio Rank: 70
FDL Omega Ratio Rank: 59
FDL Calmar Ratio Rank: 90
FDL Martin Ratio Rank: 71

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.

AVGW vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Roundhill AVGO WeeklyPay™ ETF (AVGW) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AVGW	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.69	0.45	+1.24

Drawdowns

AVGW vs. FDL - Drawdown Comparison

The maximum AVGW drawdown since its inception was -34.65%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for AVGW and FDL.

Drawdown Indicators

	AVGW	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-34.65%	-65.93%	+31.28%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.27%	—
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	-1.38%	-2.18%	+0.80%
Average Drawdown Average peak-to-trough decline	-12.19%	-9.66%	-2.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	AVGW	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	53.65%	11.28%	+42.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	53.65%	14.31%	+39.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	53.65%	17.11%	+36.54%

AVGW vs. FDL - Expense Ratio Comparison

AVGW has a 0.99% expense ratio, which is higher than FDL's 0.45% expense ratio.

Dividends

AVGW vs. FDL - Dividend Comparison

AVGW's dividend yield for the trailing twelve months is around 44.45%, more than FDL's 3.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AVGW Roundhill AVGO WeeklyPay™ ETF	44.45%	31.15%	0.00%	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	3.68%	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 AVGW and FDL in my portfolio?

AVGW and FDL have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVGW or FDL?

On fees, FDL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVGW or FDL?

FDL is cheaper with a 0.45% expense ratio, compared with 0.99% for AVGW.

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

AVGW has the higher dividend yield at 44.45%, compared with 3.68% for FDL.

What is the main difference between AVGW and FDL?

AVGW is categorized as Derivative Income, while FDL is Large Cap Value Equities. They also come from different issuers: Roundhill and First Trust. Their fees differ too: 0.99% for AVGW and 0.45% for FDL.