EOD vs. FDL

Last updated Jun 25, 2026

EOD (Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both funds - EOD is a Dividend fund managed by Wells Fargo, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Over the past 10 years, EOD returned 11.89%/yr vs 11.09%/yr for FDL. At a 0.48 correlation, their price movements are largely independent. EOD charges 0.02%/yr vs 0.43%/yr for FDL.

Performance

EOD vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD) 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, EOD achieves a 15.31% return, which is significantly higher than FDL's 12.30% return. Over the past 10 years, EOD has outperformed FDL with an annualized return of 11.89%, while FDL has yielded a comparatively lower 11.09% annualized return.

EOD

• 1D: -0.46%
• 1M: 1.45%
• YTD: 15.31%
• 6M: 14.72%
• 1Y: 32.59%
• 3Y*: 27.01%
• 5Y*: 12.33%
• 10Y*: 11.89%

FDL

• 1D: -0.32%
• 1M: -3.06%
• YTD: 12.30%
• 6M: 12.10%
• 1Y: 21.91%
• 3Y*: 18.97%
• 5Y*: 12.94%
• 10Y*: 11.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

EOD vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EOD Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund	15.31%	28.76%	25.83%	9.78%	-17.65%	32.87%	-3.16%	35.96%	-12.05%	20.46%
FDL First Trust Morningstar Dividend Leaders Index Fund	12.30%	14.79%	17.98%	2.94%	6.66%	26.10%	-4.30%	24.41%	-5.99%	12.02%

Correlation

The correlation between EOD and FDL is 0.09, 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 (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.32
Correlation (5Y) Calculated over the trailing 5-year period	0.46
Correlation (10Y) Calculated over the trailing 10-year period	0.44
Correlation (All Time) Calculated using the full available price history since Mar 28, 2007	0.48

Over the past year, the correlation between EOD and FDL has dropped to 0.09 - well below their long-term average of 0.48, suggesting their price drivers have been diverging.

Return for Risk

EOD vs. FDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EOD

EOD Risk / Return Rank: 79
EOD Sharpe Ratio Rank: 72
EOD Sortino Ratio Rank: 74
EOD Omega Ratio Rank: 73
EOD Calmar Ratio Rank: 81
EOD Martin Ratio Rank: 93

FDL

FDL Risk / Return Rank: 72
FDL Sharpe Ratio Rank: 65
FDL Sortino Ratio Rank: 72
FDL Omega Ratio Rank: 60
FDL Calmar Ratio Rank: 91
FDL Martin Ratio Rank: 72

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.

EOD vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD) 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.

	EOD	FDL	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.91	+0.28
Sortino ratio: Return per unit of downside risk	3.17	2.90	+0.27
Omega ratio: Gain probability vs. loss probability	1.42	1.33	+0.09
Calmar ratio: Return relative to maximum drawdown	3.40	5.15	-1.75
Martin ratio: Return relative to average drawdown	17.67	12.05	+5.62

EOD vs. FDL - Sharpe Ratio Comparison

The current EOD Sharpe Ratio is 2.19, which is comparable to the FDL Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of EOD and FDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

EOD vs. FDL - Drawdown Comparison

The maximum EOD drawdown since its inception was -57.02%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for EOD and FDL.

Drawdown Indicators

	EOD	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-57.02%	-65.93%	+8.91%
Max Drawdown (1Y) Largest decline over 1 year	-9.63%	-4.27%	-5.36%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-12.24%	-2.76%
Max Drawdown (5Y) Largest decline over 5 years	-25.61%	-16.46%	-9.15%
Max Drawdown (10Y) Largest decline over 10 years	-47.08%	-41.40%	-5.68%
Current Drawdown Current decline from peak	-2.17%	-3.40%	+1.23%
Average Drawdown Average peak-to-trough decline	-13.18%	-9.63%	-3.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.85%	1.82%	+0.03%

Volatility

EOD vs. FDL - Volatility Comparison

Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund (EOD) has a higher volatility of 4.46% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.54%. This indicates that EOD'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.

Volatility by Period

	EOD	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.46%	3.54%	+0.92%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	8.10%	+4.41%
Volatility (1Y) Calculated over the trailing 1-year period	15.08%	11.55%	+3.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.55%	14.31%	+3.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.06%	17.11%	+1.95%

EOD vs. FDL - Expense Ratio Comparison

EOD has a 0.02% expense ratio, which is lower than FDL's 0.43% expense ratio.

Dividends

EOD vs. FDL - Dividend Comparison

EOD's dividend yield for the trailing twelve months is around 8.35%, more than FDL's 3.71% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EOD Wells Fargo Advantage Funds - Allspring Global Dividend Opportunity Fund	8.35%	8.73%	9.16%	9.98%	11.80%	8.76%	11.41%	10.36%	13.84%	10.56%	9.91%	12.16%
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

Can I hold both EOD and FDL in my portfolio?

EOD and FDL have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EOD or FDL?

EOD has higher volatility (4.46%) compared to FDL (3.54%). In terms of maximum drawdown, EOD dropped -57.02% vs FDL's -65.93%.

Which has better risk-adjusted returns?

EOD currently has the higher Sharpe Ratio (2.19 vs 1.91), 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.