BVAL vs. FDL

Last updated Jun 4, 2026

BVAL (Bluemonte Large Cap Value ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both Large Cap Value Equities funds. A 0.54 correlation means they provide meaningful diversification when combined. BVAL charges 0.24%/yr vs 0.45%/yr for FDL.

Performance

BVAL vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Bluemonte Large Cap Value ETF (BVAL) 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, BVAL achieves a 11.47% return, which is significantly lower than FDL's 13.33% return.

BVAL

• 1D: -0.26%
• 1M: 4.10%
• YTD: 11.47%
• 6M: 11.85%
• 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)

BVAL vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025
BVAL Bluemonte Large Cap Value ETF	11.47%	11.38%
FDL First Trust Morningstar Dividend Leaders Index Fund	13.33%	8.63%

Correlation

The correlation between BVAL and FDL is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jun 24, 2025	0.54

BVAL vs. FDL - Sectors Allocation Comparison

Sectors	BVAL	FDL
Technology	20.1%	1.1%
Financial Services	16.9%	15.1%
Industrials	11.8%	3.8%
Healthcare	11.1%	16.8%
Consumer Cyclical	8.9%	3.8%
Consumer Defensive	8.2%	14.7%
Energy	6.8%	27.3%
Communication Services	5.2%	10.6%
Utilities	4.3%	6.5%
Real Estate	3.5%	-
Basic Materials	3.1%	0.3%

Return for Risk

BVAL 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.

BVAL vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Bluemonte Large Cap Value ETF (BVAL) 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

	BVAL	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	2.55	0.45	+2.09

Drawdowns

BVAL vs. FDL - Drawdown Comparison

The maximum BVAL drawdown since its inception was -6.69%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for BVAL and FDL.

Drawdown Indicators

	BVAL	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-6.69%	-65.93%	+59.24%
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	-0.26%	-2.18%	+1.92%
Average Drawdown Average peak-to-trough decline	-0.91%	-9.66%	+8.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	BVAL	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	10.13%	11.28%	-1.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.13%	14.31%	-4.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.13%	17.11%	-6.98%

BVAL vs. FDL - Expense Ratio Comparison

BVAL has a 0.24% expense ratio, which is lower than FDL's 0.45% expense ratio.

Dividends

BVAL vs. FDL - Dividend Comparison

BVAL's dividend yield for the trailing twelve months is around 0.97%, less than FDL's 3.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BVAL Bluemonte Large Cap Value ETF	0.97%	0.73%	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 BVAL and FDL in my portfolio?

BVAL and FDL have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BVAL or FDL?

On fees, BVAL is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BVAL or FDL?

BVAL is cheaper with a 0.24% expense ratio, compared with 0.45% for FDL.

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

FDL has the higher dividend yield at 3.68%, compared with 0.97% for BVAL.

What is the main difference between BVAL and FDL?

They also come from different issuers: Bluemonte and First Trust. Their fees differ too: 0.24% for BVAL and 0.45% for FDL.