FCFY vs. DTD

Last updated Jun 24, 2026

FCFY (First Trust S&P 500 Diversified Free Cash Flow ETF) and DTD (WisdomTree U.S. Total Dividend Fund) are both Large Cap Value Equities funds - FCFY tracks the S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross while DTD tracks the WisdomTree U.S. Dividend Index. Both are passively managed. Over the past year, FCFY returned 12.29% vs 21.29% for DTD. Their correlation of 0.83 suggests significant overlap in exposure. FCFY charges 0.60%/yr vs 0.28%/yr for DTD.

Performance

FCFY vs. DTD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and WisdomTree U.S. Total Dividend Fund (DTD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FCFY achieves a -2.67% return, which is significantly lower than DTD's 10.39% return.

FCFY

• 1D: -0.24%
• 1M: -4.10%
• YTD: -2.67%
• 6M: -3.49%
• 1Y: 12.29%
• 3Y*: —
• 5Y*: —
• 10Y*: —

DTD

• 1D: 0.00%
• 1M: 0.37%
• YTD: 10.39%
• 6M: 9.68%
• 1Y: 21.29%
• 3Y*: 17.90%
• 5Y*: 12.14%
• 10Y*: 12.37%

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

FCFY vs. DTD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF	-2.67%	16.76%	11.28%	11.06%
DTD WisdomTree U.S. Total Dividend Fund	10.39%	14.25%	18.56%	6.56%

Correlation

The correlation between FCFY and DTD is 0.72, 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	0.72
Correlation (All Time) Calculated using the full available price history since Aug 24, 2023	0.83

The correlation between FCFY and DTD shifts across timeframes, from 0.72 (1 year) to 0.83 (all time), reflecting how their relationship changes across market environments.

FCFY vs. DTD - Sectors Allocation Comparison

Sectors	FCFY	DTD
Technology	40.9%	20.9%
Financial Services	10.7%	18.2%
Consumer Cyclical	9.9%	5.5%
Healthcare	9.8%	11.5%
Communication Services	9.2%	7.2%
Industrials	5.6%	8.4%
Consumer Defensive	4.8%	8.4%
Energy	3.4%	7.8%
Utilities	2.2%	5.5%
Real Estate	1.9%	5.1%
Basic Materials	1.6%	1.5%

Return for Risk

FCFY vs. DTD — Risk / Return Rank

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

FCFY

FCFY Risk / Return Rank: 22
FCFY Sharpe Ratio Rank: 23
FCFY Sortino Ratio Rank: 22
FCFY Omega Ratio Rank: 21
FCFY Calmar Ratio Rank: 23
FCFY Martin Ratio Rank: 23

DTD

DTD Risk / Return Rank: 75
DTD Sharpe Ratio Rank: 75
DTD Sortino Ratio Rank: 77
DTD Omega Ratio Rank: 74
DTD Calmar Ratio Rank: 70
DTD Martin Ratio Rank: 77

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.

FCFY vs. DTD - 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 WisdomTree U.S. Total Dividend Fund (DTD). 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	DTD	Difference
Sharpe ratio: Return per unit of total volatility	0.76	2.28	-1.52
Sortino ratio: Return per unit of downside risk	1.18	3.23	-2.05
Omega ratio: Gain probability vs. loss probability	1.14	1.41	-0.27
Calmar ratio: Return relative to maximum drawdown	1.03	3.39	-2.36
Martin ratio: Return relative to average drawdown	2.67	14.00	-11.33

FCFY vs. DTD - Sharpe Ratio Comparison

The current FCFY Sharpe Ratio is 0.76, which is lower than the DTD Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of FCFY and DTD, 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

FCFY vs. DTD - Drawdown Comparison

The maximum FCFY drawdown since its inception was -21.36%, smaller than the maximum DTD drawdown of -58.19%. Use the drawdown chart below to compare losses from any high point for FCFY and DTD.

Drawdown Indicators

	FCFY	DTD	Difference
Max Drawdown Largest peak-to-trough decline	-21.36%	-58.19%	+36.83%
Max Drawdown (1Y) Largest decline over 1 year	-11.94%	-6.30%	-5.64%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.41%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.14%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.29%	—
Current Drawdown Current decline from peak	-7.64%	-0.92%	-6.72%
Average Drawdown Average peak-to-trough decline	-3.52%	-7.32%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.62%	1.52%	+3.10%

Volatility

FCFY vs. DTD - Volatility Comparison

First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) has a higher volatility of 5.46% compared to WisdomTree U.S. Total Dividend Fund (DTD) at 2.65%. This indicates that FCFY's price experiences larger fluctuations and is considered to be riskier than DTD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FCFY	DTD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.46%	2.65%	+2.81%
Volatility (6M) Calculated over the trailing 6-month period	11.58%	7.13%	+4.45%
Volatility (1Y) Calculated over the trailing 1-year period	16.33%	9.41%	+6.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	13.56%	+3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	16.19%	+1.33%

FCFY vs. DTD - Expense Ratio Comparison

FCFY has a 0.60% expense ratio, which is higher than DTD's 0.28% expense ratio.

Dividends

FCFY vs. DTD - Dividend Comparison

FCFY's dividend yield for the trailing twelve months is around 1.52%, less than DTD's 1.86% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTD WisdomTree U.S. Total Dividend Fund	1.86%	1.99%	2.07%	2.43%	2.62%	2.04%	2.73%	2.50%	2.93%	2.36%	2.66%	2.81%
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF	1.52%	1.48%	1.76%	0.73%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FCFY and DTD in my portfolio?

FCFY and DTD have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FCFY or DTD?

FCFY has higher volatility (5.46%) compared to DTD (2.65%). In terms of maximum drawdown, FCFY dropped -21.36% vs DTD's -58.19%.

Which ETF is better, FCFY or DTD?

On 1-year performance, DTD leads with 21.29% vs 12.29% for FCFY. On fees, DTD is cheaper at 0.28% per year. On volatility, DTD has been the lower-risk option at 2.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FCFY or DTD?

Over the 1-year period, DTD has performed better with a 21.29% return vs 12.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FCFY or DTD?

DTD is cheaper with a 0.28% expense ratio, compared with 0.60% for FCFY.

Which ETF pays a higher dividend yield, FCFY or DTD?

DTD has the higher dividend yield at 1.86%, compared with 1.52% for FCFY.

What is the main difference between FCFY and DTD?

FCFY tracks S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross, while DTD tracks WisdomTree U.S. Dividend Index. They also come from different issuers: First Trust and WisdomTree. Their fees differ too: 0.60% for FCFY and 0.28% for DTD.

Which has better risk-adjusted returns?

DTD currently has the higher Sharpe Ratio (2.28 vs 0.76), 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.