CEG vs. FDL
CEG (Constellation Energy Corp) 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 3 years, CEG returned 44.64%/yr vs 18.84%/yr for FDL. At a 0.24 correlation, their price movements are largely independent.
Performance
CEG vs. FDL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, CEG achieves a -23.72% return, which is significantly lower than FDL's 12.82% return.
CEG
- 1D
- 0.27%
- 1M
- -10.90%
- YTD
- -23.72%
- 6M
- -25.96%
- 1Y
- -14.29%
- 3Y*
- 44.64%
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.46%
- 1M
- -1.40%
- YTD
- 12.82%
- 6M
- 12.61%
- 1Y
- 23.52%
- 3Y*
- 18.84%
- 5Y*
- 13.04%
- 10Y*
- 11.24%
CEG vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CEG Constellation Energy Corp | -23.72% | 58.80% | 92.71% | 37.24% | 73.87% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 12.82% | 14.79% | 17.98% | 2.94% | 4.31% |
Correlation
The correlation between CEG and FDL is -0.10, 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 (1Y) Calculated over the trailing 1-year period | -0.10 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (All Time) Calculated using the full available price history since Feb 2, 2022 | 0.24 |
The correlation between CEG and FDL shifts across timeframes, from -0.10 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
CEG vs. FDL — Risk / Return Rank
CEG
FDL
CEG vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Constellation Energy Corp (CEG) 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.
| CEG | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.36 | ||
| Sortino ratioReturn per unit of downside risk | -3.25 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.36 | -0.37 |
| Calmar ratioReturn relative to maximum drawdown | -0.36 | 5.53 | -5.89 |
| Martin ratioReturn relative to average drawdown | -0.71 | 12.87 | -13.58 |
Loading charts...
Drawdowns
CEG vs. FDL - Drawdown Comparison
The maximum CEG drawdown since its inception was -50.70%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for CEG and FDL.
Loading charts...
Drawdown Indicators
| CEG | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.70% | -65.93% | +15.23% |
Max Drawdown (1Y)Largest decline over 1 year | -39.77% | -4.27% | -35.50% |
Max Drawdown (3Y)Largest decline over 3 years | -50.70% | -12.24% | -38.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -33.22% | -2.96% | -30.26% |
Average DrawdownAverage peak-to-trough decline | -11.82% | -9.63% | -2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 20.25% | 1.83% | +18.42% |
Volatility
CEG vs. FDL - Volatility Comparison
Constellation Energy Corp (CEG) has a higher volatility of 12.90% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.39%. This indicates that CEG'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.
Loading charts...
Volatility by Period
| CEG | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.90% | 3.39% | +9.51% |
Volatility (6M)Calculated over the trailing 6-month period | 35.88% | 8.09% | +27.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.54% | 11.55% | +34.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 49.26% | 14.31% | +34.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 49.26% | 17.10% | +32.16% |
Dividends
CEG vs. FDL - Dividend Comparison
CEG's dividend yield for the trailing twelve months is around 0.61%, less than FDL's 4.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CEG Constellation Energy Corp | 0.61% | 0.44% | 0.63% | 0.97% | 0.65% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.69% | 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
CEG and FDL have a correlation of -0.10, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CEG has higher volatility (12.90%) compared to FDL (3.39%). In terms of maximum drawdown, CEG dropped -50.70% vs FDL's -65.93%.
FDL currently has the higher Sharpe Ratio (2.05 vs -0.31), 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.
Find the right allocation for CEG and FDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer