ESBG vs. FDL

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and First Trust Morningstar Dividend Leaders Index Fund (FDL).

ESBG and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ESBG is an actively managed fund by First Trust. It was launched on Nov 19, 2025. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006.

Performance

ESBG vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

ESBG vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	0.41%	5.72%
FDL First Trust Morningstar Dividend Leaders Index Fund	15.49%	4.18%

Returns By Period

In the year-to-date period, ESBG achieves a 0.41% return, which is significantly lower than FDL's 15.49% return.

ESBG

• 1D: 4.04%
• 1M: -12.65%
• YTD: 0.41%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: 0.43%
• 1M: 0.01%
• YTD: 15.49%
• 6M: 19.42%
• 1Y: 21.84%
• 3Y*: 18.00%
• 5Y*: 14.12%
• 10Y*: 11.60%

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

ESBG vs. FDL - Expense Ratio Comparison

ESBG has a 0.95% expense ratio, which is higher than FDL's 0.45% expense ratio.

ESBG

First Trust Enhanced Stocks, Bonds & Gold ETF

FDL

First Trust Morningstar Dividend Leaders Index Fund

Return for Risk

ESBG vs. FDL — Risk / Return Rank

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

FDL

FDL Risk / Return Rank: 79
FDL Sharpe Ratio Rank: 81
FDL Sortino Ratio Rank: 82
FDL Omega Ratio Rank: 79
FDL Calmar Ratio Rank: 77
FDL Martin Ratio Rank: 76

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.

ESBG vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Stocks, Bonds & Gold ETF (ESBG) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ESBG	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.47	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.99	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.68	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.46	+0.21

Correlation

The correlation between ESBG and FDL is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

ESBG vs. FDL - Dividend Comparison

ESBG's dividend yield for the trailing twelve months is around 0.60%, less than FDL's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ESBG First Trust Enhanced Stocks, Bonds & Gold ETF	0.60%	0.24%	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	3.61%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%

Drawdowns

ESBG vs. FDL - Drawdown Comparison

The maximum ESBG drawdown since its inception was -18.84%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for ESBG and FDL.

Drawdown Indicators

	ESBG	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-18.84%	-65.93%	+47.09%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.40%	—
Current Drawdown Current decline from peak	-14.85%	-0.10%	-14.75%
Average Drawdown Average peak-to-trough decline	-4.18%	-9.73%	+5.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.10%	—

Volatility

Volatility by Period

	ESBG	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.16%	—
Volatility (1Y) Calculated over the trailing 1-year period	27.73%	14.96%	+12.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.73%	14.31%	+13.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.73%	17.09%	+10.64%