DLAG vs. FDL
DLAG (FT Vest U.S. Equity Dual Directional Buffer ETF - August) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - DLAG 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. DLAG is actively managed, while FDL is passively managed. At a 0.06 correlation, their price movements are largely independent. DLAG charges 0.85%/yr vs 0.43%/yr for FDL.
Performance
DLAG vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, DLAG achieves a 6.26% return, which is significantly lower than FDL's 14.31% return.
DLAG
- 1D
- 0.17%
- 1M
- 1.43%
- 6M
- 5.38%
- YTD
- 6.26%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.73%
- 1M
- -0.79%
- 6M
- 11.32%
- YTD
- 14.31%
- 1Y
- 19.83%
- 3Y*
- 18.30%
- 5Y*
- 13.35%
- 10Y*
- 10.77%
DLAG vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August | 6.26% | 2.31% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.31% | 4.18% |
Correlation
The correlation between DLAG and FDL is 0.06, 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 Sep 22, 2025 | 0.06 |
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Return for Risk
DLAG vs. FDL — Risk / Return Rank
DLAG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
DLAG vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Dual Directional Buffer ETF - August (DLAG) 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.
| DLAG | 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 | — | 4.50 | — |
| Martin ratioReturn relative to average drawdown | — | 10.20 | — |
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Drawdowns
DLAG vs. FDL - Drawdown Comparison
The maximum DLAG drawdown since its inception was -4.23%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for DLAG and FDL.
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Drawdown Indicators
| DLAG | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.23% | -65.93% | +61.70% |
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% | -1.68% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -0.53% | -9.62% | +9.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.89% | — |
Volatility
DLAG vs. FDL - Volatility Comparison
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Volatility by Period
| DLAG | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.63% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.53% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.31% | 11.64% | -5.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.31% | 14.36% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.31% | 17.11% | -10.80% |
DLAG vs. FDL - Expense Ratio Comparison
DLAG has a 0.85% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
DLAG vs. FDL - Dividend Comparison
DLAG has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.71%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DLAG FT Vest U.S. Equity Dual Directional Buffer ETF - August | 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 | 3.71% | 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
DLAG and FDL have a correlation of 0.06, 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 DLAG.
FDL has the higher dividend yield at 3.71%, compared with 0.00% for DLAG.
DLAG is categorized as Defined Outcome, while FDL is Large Cap Value Equities. Their fees differ too: 0.85% for DLAG and 0.43% for FDL.
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