DGJA vs. FDL
DGJA (FT Vest U.S. Equity Buffer & Digital Return ETF - January) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - DGJA is a Defined Outcome fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. DGJA is actively managed, while FDL is passively managed. At a correlation of -0.05, they often move in opposite directions. DGJA charges 0.85%/yr vs 0.43%/yr for FDL.
Performance
DGJA vs. FDL - Performance Comparison
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Returns By Period
DGJA
- 1D
- 0.10%
- 1M
- 0.31%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.53%
- 1M
- -0.76%
- YTD
- 12.29%
- 6M
- 12.29%
- 1Y
- 19.12%
- 3Y*
- 18.05%
- 5Y*
- 12.89%
- 10Y*
- 10.73%
DGJA vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January | 4.14% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 8.26% |
Correlation
The correlation between DGJA and FDL is -0.05, 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 (All Time) Calculated using the full available price history since Jan 20, 2026 | -0.05 |
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Return for Risk
DGJA vs. FDL — Risk / Return Rank
DGJA
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
DGJA vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Buffer & Digital Return ETF - January (DGJA) 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.
| DGJA | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.29 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.49 | — |
| Martin ratioReturn relative to average drawdown | — | 10.24 | — |
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Drawdowns
DGJA vs. FDL - Drawdown Comparison
The maximum DGJA drawdown since its inception was -3.79%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for DGJA and FDL.
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Drawdown Indicators
| DGJA | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.79% | -65.93% | +62.14% |
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 DrawdownCurrent decline from peak | 0.00% | -3.42% | +3.42% |
Average DrawdownAverage peak-to-trough decline | -0.51% | -9.63% | +9.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.87% | — |
Volatility
DGJA vs. FDL - Volatility Comparison
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Volatility by Period
| DGJA | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.82% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.57% | 11.64% | -6.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 5.57% | 14.33% | -8.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.57% | 17.10% | -11.53% |
DGJA vs. FDL - Expense Ratio Comparison
DGJA has a 0.85% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
DGJA vs. FDL - Dividend Comparison
DGJA has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGJA FT Vest U.S. Equity Buffer & Digital Return ETF - January | 0.00% | 0.00% | 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 | 3.78% | 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
DGJA and FDL have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDL is cheaper with a 0.43% expense ratio, compared with 0.85% for DGJA.
FDL has the higher dividend yield at 3.78%, compared with 0.00% for DGJA.
DGJA is categorized as Defined Outcome, while FDL is Large Cap Value Equities. Their fees differ too: 0.85% for DGJA and 0.43% for FDL.
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