FBT vs. TDIV

Last updated Jun 4, 2026

FBT (First Trust Amex Biotechnology Index) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - FBT is a Health & Biotech Equities fund tracking the NYSE Arca Biotechnology Index, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 10 years, FBT returned 8.86%/yr vs 19.34%/yr for TDIV. A 0.53 correlation means they provide meaningful diversification when combined. FBT charges 0.57%/yr vs 0.50%/yr for TDIV.

Performance

FBT vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Amex Biotechnology Index (FBT) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FBT achieves a 7.08% return, which is significantly lower than TDIV's 30.57% return. Over the past 10 years, FBT has underperformed TDIV with an annualized return of 8.86%, while TDIV has yielded a comparatively higher 19.34% annualized return.

FBT

• 1D: 2.92%
• 1M: 6.19%
• YTD: 7.08%
• 6M: 3.95%
• 1Y: 35.94%
• 3Y*: 12.40%
• 5Y*: 6.79%
• 10Y*: 8.86%

TDIV

• 1D: -1.79%
• 1M: 15.82%
• YTD: 30.57%
• 6M: 28.79%
• 1Y: 53.63%
• 3Y*: 33.27%
• 5Y*: 19.29%
• 10Y*: 19.34%

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

FBT vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FBT First Trust Amex Biotechnology Index	7.08%	24.25%	5.88%	2.55%	-4.83%	-2.26%	12.96%	19.74%	-0.30%	37.07%
TDIV First Trust NASDAQ Technology Dividend Index Fund	30.57%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Correlation

The correlation between FBT and TDIV is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.40
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.54
Correlation (10Y) Calculated over the trailing 10-year period	0.55
Correlation (All Time) Calculated using the full available price history since Aug 15, 2012	0.53

The correlation between FBT and TDIV shifts across timeframes, from 0.40 (1 year) to 0.55 (10 years), reflecting how their relationship changes across market environments.

FBT vs. TDIV - Sectors Allocation Comparison

Sectors	FBT	TDIV
Healthcare	100.0%	-
Basic Materials	-	-
Communication Services	-	13.4%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Industrials	-	1.6%
Real Estate	-	-
Technology	-	85.0%
Utilities	-	-

Return for Risk

FBT vs. TDIV — Risk / Return Rank

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

FBT

FBT Risk / Return Rank: 49
FBT Sharpe Ratio Rank: 50
FBT Sortino Ratio Rank: 52
FBT Omega Ratio Rank: 48
FBT Calmar Ratio Rank: 52
FBT Martin Ratio Rank: 45

TDIV

TDIV Risk / Return Rank: 83
TDIV Sharpe Ratio Rank: 86
TDIV Sortino Ratio Rank: 84
TDIV Omega Ratio Rank: 80
TDIV Calmar Ratio Rank: 87
TDIV Martin Ratio Rank: 79

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.

FBT vs. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Amex Biotechnology Index (FBT) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.

	FBT	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.74	2.93	-1.19
Sortino ratio: Return per unit of downside risk	2.56	3.85	-1.29
Omega ratio: Gain probability vs. loss probability	1.31	1.49	-0.18
Calmar ratio: Return relative to maximum drawdown	2.53	5.02	-2.48
Martin ratio: Return relative to average drawdown	7.43	15.64	-8.21
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FBT vs. TDIV - Sharpe Ratio Comparison

The current FBT Sharpe Ratio is 1.74, which is lower than the TDIV Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of FBT and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FBT	TDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.74	2.93	-1.19
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.31	0.94	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.37	0.93	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	0.88	-0.37

Drawdowns

FBT vs. TDIV - Drawdown Comparison

The maximum FBT drawdown since its inception was -40.51%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FBT and TDIV.

Drawdown Indicators

	FBT	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-40.51%	-31.97%	-8.54%
Max Drawdown (1Y) Largest decline over 1 year	-14.26%	-10.74%	-3.52%
Max Drawdown (3Y) Largest decline over 3 years	-20.05%	-23.00%	+2.95%
Max Drawdown (5Y) Largest decline over 5 years	-29.05%	-31.97%	+2.92%
Max Drawdown (10Y) Largest decline over 10 years	-32.37%	-31.97%	-0.40%
Current Drawdown Current decline from peak	-0.72%	-1.79%	+1.07%
Average Drawdown Average peak-to-trough decline	-11.17%	-4.84%	-6.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.85%	3.44%	+1.41%

Volatility

FBT vs. TDIV - Volatility Comparison

First Trust Amex Biotechnology Index (FBT) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 6.94% and 6.86%, 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.

Volatility by Period

	FBT	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.94%	6.86%	+0.08%
Volatility (6M) Calculated over the trailing 6-month period	15.87%	13.91%	+1.96%
Volatility (1Y) Calculated over the trailing 1-year period	20.79%	18.47%	+2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.89%	20.67%	+1.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.91%	20.85%	+3.06%

FBT vs. TDIV - Expense Ratio Comparison

FBT has a 0.57% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

FBT vs. TDIV - Dividend Comparison

FBT has not paid dividends to shareholders, while TDIV's dividend yield for the trailing twelve months is around 1.12%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FBT First Trust Amex Biotechnology Index	0.00%	0.00%	0.71%	0.00%	0.00%	1.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.12%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.12%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both FBT and TDIV in my portfolio?

FBT and TDIV have a correlation of 0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FBT or TDIV?

FBT has higher volatility (6.94%) compared to TDIV (6.86%). In terms of maximum drawdown, FBT dropped -40.51% vs TDIV's -31.97%.

Which ETF is better, FBT or TDIV?

On 10-year performance, TDIV leads with 19.34% vs 8.86% for FBT. On fees, TDIV is cheaper at 0.50% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FBT or TDIV?

Over the 10-year period, TDIV has performed better with a 19.34% return vs 8.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FBT or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.57% for FBT.

Which ETF pays a higher dividend yield, FBT or TDIV?

TDIV has the higher dividend yield at 1.12%, compared with 0.00% for FBT.

What is the main difference between FBT and TDIV?

FBT is categorized as Health & Biotech Equities, while TDIV is Technology Equities. FBT tracks NYSE Arca Biotechnology Index, while TDIV tracks NASDAQ Technology Dividend Index. Their fees differ too: 0.57% for FBT and 0.50% for TDIV.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (2.93 vs 1.74), 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.