FAI vs. TDV

Last updated Jun 23, 2026

FAI (First Trust Bloomberg Artificial Intelligence ETF) and TDV (ProShares S&P Technology Dividend Aristocrats ETF) are both Technology Equities funds - FAI tracks the Bloomberg Artificial Intelligence Index while TDV tracks the Zacks 2040 Lifecycle Index. Both are passively managed. Over the past year, FAI returned 66.20% vs 32.41% for TDV. A 0.75 correlation means they provide meaningful diversification when combined. FAI charges 0.65%/yr vs 0.66%/yr for TDV.

Performance

FAI vs. TDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Bloomberg Artificial Intelligence ETF (FAI) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FAI achieves a 34.05% return, which is significantly higher than TDV's 21.00% return.

FAI

• 1D: -0.48%
• 1M: 7.16%
• YTD: 34.05%
• 6M: 33.89%
• 1Y: 66.20%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDV

• 1D: 0.34%
• 1M: 3.53%
• YTD: 21.00%
• 6M: 18.86%
• 1Y: 32.41%
• 3Y*: 19.33%
• 5Y*: 13.79%
• 10Y*: —

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

FAI vs. TDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FAI First Trust Bloomberg Artificial Intelligence ETF	34.05%	33.37%	2.28%
TDV ProShares S&P Technology Dividend Aristocrats ETF	21.00%	16.05%	-0.34%

Correlation

The correlation between FAI and TDV is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.75
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.75

The correlation between FAI and TDV has been stable across timeframes, ranging from 0.75 to 0.75 - a consistent structural relationship.

Return for Risk

FAI vs. TDV — Risk / Return Rank

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

FAI

FAI Risk / Return Rank: 70
FAI Sharpe Ratio Rank: 80
FAI Sortino Ratio Rank: 67
FAI Omega Ratio Rank: 70
FAI Calmar Ratio Rank: 72
FAI Martin Ratio Rank: 62

TDV

TDV Risk / Return Rank: 58
TDV Sharpe Ratio Rank: 54
TDV Sortino Ratio Rank: 51
TDV Omega Ratio Rank: 51
TDV Calmar Ratio Rank: 70
TDV Martin Ratio Rank: 64

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.

FAI vs. TDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Bloomberg Artificial Intelligence ETF (FAI) and ProShares S&P Technology Dividend Aristocrats ETF (TDV). 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.

	FAI	TDV	Difference
Sharpe ratio: Return per unit of total volatility	2.47	1.78	+0.69
Sortino ratio: Return per unit of downside risk	2.97	2.40	+0.57
Omega ratio: Gain probability vs. loss probability	1.40	1.31	+0.09
Calmar ratio: Return relative to maximum drawdown	3.53	3.41	+0.12
Martin ratio: Return relative to average drawdown	11.01	11.25	-0.24

FAI vs. TDV - Sharpe Ratio Comparison

The current FAI Sharpe Ratio is 2.47, which is higher than the TDV Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of FAI and TDV, 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

FAI vs. TDV - Drawdown Comparison

The maximum FAI drawdown since its inception was -27.82%, smaller than the maximum TDV drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for FAI and TDV.

Drawdown Indicators

	FAI	TDV	Difference
Max Drawdown Largest peak-to-trough decline	-27.82%	-32.78%	+4.96%
Max Drawdown (1Y) Largest decline over 1 year	-18.84%	-9.55%	-9.29%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.51%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-25.11%	—
Current Drawdown Current decline from peak	-4.79%	-2.11%	-2.68%
Average Drawdown Average peak-to-trough decline	-5.36%	-5.35%	-0.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.03%	2.89%	+3.14%

Volatility

FAI vs. TDV - Volatility Comparison

First Trust Bloomberg Artificial Intelligence ETF (FAI) has a higher volatility of 13.67% compared to ProShares S&P Technology Dividend Aristocrats ETF (TDV) at 8.25%. This indicates that FAI's price experiences larger fluctuations and is considered to be riskier than TDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FAI	TDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	13.67%	8.25%	+5.42%
Volatility (6M) Calculated over the trailing 6-month period	22.18%	14.21%	+7.97%
Volatility (1Y) Calculated over the trailing 1-year period	27.02%	18.31%	+8.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.90%	20.64%	+10.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.90%	23.27%	+7.63%

FAI vs. TDV - Expense Ratio Comparison

FAI has a 0.65% expense ratio, which is lower than TDV's 0.66% expense ratio.

Dividends

FAI vs. TDV - Dividend Comparison

FAI has not paid dividends to shareholders, while TDV's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.95%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both FAI and TDV in my portfolio?

FAI and TDV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FAI or TDV?

FAI has higher volatility (13.67%) compared to TDV (8.25%). In terms of maximum drawdown, FAI dropped -27.82% vs TDV's -32.78%.

Which ETF is better, FAI or TDV?

On 1-year performance, FAI leads with 66.20% vs 32.41% for TDV. On fees, FAI is cheaper at 0.65% per year. On volatility, TDV has been the lower-risk option at 8.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FAI or TDV?

Over the 1-year period, FAI has performed better with a 66.20% return vs 32.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FAI or TDV?

FAI is cheaper with a 0.65% expense ratio, compared with 0.66% for TDV.

Which ETF pays a higher dividend yield, FAI or TDV?

TDV has the higher dividend yield at 0.95%, compared with 0.00% for FAI.

What is the main difference between FAI and TDV?

FAI tracks Bloomberg Artificial Intelligence Index, while TDV tracks Zacks 2040 Lifecycle Index. They also come from different issuers: First Trust and ProShares. Their fees differ too: 0.65% for FAI and 0.66% for TDV.

Which has better risk-adjusted returns?

FAI currently has the higher Sharpe Ratio (2.47 vs 1.78), 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.