FCFY vs. DIVB
FCFY (First Trust S&P 500 Diversified Free Cash Flow ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - FCFY is a Large Cap Value Equities fund tracking the S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past year, FCFY returned 13.60% vs 30.52% for DIVB. Their correlation of 0.87 suggests significant overlap in exposure. FCFY charges 0.60%/yr vs 0.05%/yr for DIVB.
Performance
FCFY vs. DIVB - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FCFY achieves a 2.26% return, which is significantly lower than DIVB's 22.13% return.
FCFY
- 1D
- 1.21%
- 1M
- 2.13%
- 6M
- 1.06%
- YTD
- 2.26%
- 1Y
- 13.60%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DIVB
- 1D
- 2.12%
- 1M
- 3.84%
- 6M
- 18.62%
- YTD
- 22.13%
- 1Y
- 30.52%
- 3Y*
- 21.77%
- 5Y*
- 13.09%
- 10Y*
- —
FCFY vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF | 2.26% | 16.76% | 11.28% | 11.06% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 8.78% |
Correlation
The correlation between FCFY and DIVB is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 24, 2023 | 0.87 |
The correlation between FCFY and DIVB has been stable across timeframes, ranging from 0.80 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FCFY vs. DIVB — Risk / Return Rank
FCFY
DIVB
FCFY vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and iShares Core Dividend ETF (DIVB). 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.
| FCFY | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.68 | ||
| Sortino ratioReturn per unit of downside risk | -2.24 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.45 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.14 | 4.49 | -3.35 |
| Martin ratioReturn relative to average drawdown | 2.85 | 15.05 | -12.21 |
Loading charts...
Drawdowns
FCFY vs. DIVB - Drawdown Comparison
The maximum FCFY drawdown since its inception was -21.36%, smaller than the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for FCFY and DIVB.
Loading charts...
Drawdown Indicators
| FCFY | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -36.93% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.94% | -6.82% | -5.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -15.45% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.08% | — |
Current DrawdownCurrent decline from peak | -2.97% | 0.00% | -2.97% |
Average DrawdownAverage peak-to-trough decline | -3.56% | -4.94% | +1.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 2.03% | +2.76% |
Volatility
FCFY vs. DIVB - Volatility Comparison
The current volatility for First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) is 4.35%, while iShares Core Dividend ETF (DIVB) has a volatility of 4.76%. This indicates that FCFY experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| FCFY | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.35% | 4.76% | -0.41% |
Volatility (6M)Calculated over the trailing 6-month period | 11.64% | 9.50% | +2.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.16% | 12.16% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 15.35% | +2.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.43% | 18.35% | -0.92% |
FCFY vs. DIVB - Expense Ratio Comparison
FCFY has a 0.60% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
FCFY vs. DIVB - Dividend Comparison
FCFY's dividend yield for the trailing twelve months is around 1.44%, less than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% |
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF | 1.44% | 1.48% | 1.76% | 0.73% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FCFY and DIVB have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (4.76%) compared to FCFY (4.35%). In terms of maximum drawdown, FCFY dropped -21.36% vs DIVB's -36.93%.
On 1-year performance, DIVB leads with 30.52% vs 13.60% for FCFY. On fees, DIVB is cheaper at 0.05% per year. On volatility, FCFY has been the lower-risk option at 4.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DIVB has performed better with a 30.52% return vs 13.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.60% for FCFY.
DIVB has the higher dividend yield at 2.17%, compared with 1.44% for FCFY.
FCFY is categorized as Large Cap Value Equities, while DIVB is Dividend. FCFY tracks S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.60% for FCFY and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.52 vs 0.84), 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.
Find the right allocation for FCFY and DIVB
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer