EBI vs. FDL
EBI (Longview Advantage ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - EBI is a Large Cap Blend Equities fund actively managed by Longview, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. EBI is actively managed, while FDL is passively managed. Over the past year, EBI returned 34.11% vs 25.50% for FDL. A 0.53 correlation means they provide meaningful diversification when combined. EBI charges 0.24%/yr vs 0.45%/yr for FDL.
Performance
EBI vs. FDL - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with EBI having a 14.86% return and FDL slightly lower at 14.21%.
EBI
- 1D
- 0.21%
- 1M
- 3.43%
- YTD
- 14.86%
- 6M
- 15.24%
- 1Y
- 34.11%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.78%
- 1M
- 0.32%
- YTD
- 14.21%
- 6M
- 15.52%
- 1Y
- 25.50%
- 3Y*
- 19.57%
- 5Y*
- 12.69%
- 10Y*
- 11.28%
EBI vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
EBI Longview Advantage ETF | 14.86% | 15.82% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.21% | 6.65% |
Correlation
The correlation between EBI and FDL is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (All Time) Calculated using the full available price history since Feb 28, 2025 | 0.53 |
The correlation between EBI and FDL has been stable across timeframes, ranging from 0.45 to 0.53 - a consistent structural relationship.
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Return for Risk
EBI vs. FDL — Risk / Return Rank
EBI
FDL
EBI vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Longview Advantage ETF (EBI) 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.
| EBI | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.55 | ||
| Sortino ratioReturn per unit of downside risk | +0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.40 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.83 | 5.99 | -1.16 |
| Martin ratioReturn relative to average drawdown | 19.92 | 14.59 | +5.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| EBI | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.83 | 2.27 | +0.55 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.42 | 0.45 | +0.96 |
Drawdowns
EBI vs. FDL - Drawdown Comparison
The maximum EBI drawdown since its inception was -17.05%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for EBI and FDL.
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Drawdown Indicators
| EBI | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.05% | -65.93% | +48.88% |
Max Drawdown (1Y)Largest decline over 1 year | -7.09% | -4.27% | -2.82% |
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 | -0.24% | -1.41% | +1.17% |
Average DrawdownAverage peak-to-trough decline | -2.06% | -9.66% | +7.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.72% | 1.75% | -0.03% |
Volatility
EBI vs. FDL - Volatility Comparison
Longview Advantage ETF (EBI) and First Trust Morningstar Dividend Leaders Index Fund (FDL) have volatilities of 2.85% and 2.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EBI | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.85% | 2.95% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 8.80% | 7.85% | +0.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.13% | 11.30% | +0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.93% | 14.31% | +3.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.93% | 17.11% | +0.82% |
EBI vs. FDL - Expense Ratio Comparison
EBI has a 0.24% expense ratio, which is lower than FDL's 0.45% expense ratio.
Dividends
EBI vs. FDL - Dividend Comparison
EBI's dividend yield for the trailing twelve months is around 0.92%, less than FDL's 3.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EBI Longview Advantage ETF | 0.92% | 1.05% | 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 | 3.65% | 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
EBI and FDL have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (2.95%) compared to EBI (2.85%). In terms of maximum drawdown, EBI dropped -17.05% vs FDL's -65.93%.
On 1-year performance, EBI leads with 34.11% vs 25.50% for FDL. On fees, EBI is cheaper at 0.24% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EBI has performed better with a 34.11% return vs 25.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EBI is cheaper with a 0.24% expense ratio, compared with 0.45% for FDL.
FDL has the higher dividend yield at 3.65%, compared with 0.92% for EBI.
EBI is categorized as Large Cap Blend Equities, while FDL is Large Cap Value Equities. They also come from different issuers: Longview and First Trust. Their fees differ too: 0.24% for EBI and 0.45% for FDL.
EBI currently has the higher Sharpe Ratio (2.83 vs 2.27), 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.
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