FCFY vs. FDL
Compare and contrast key facts about First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) and First Trust Morningstar Dividend Leaders Index Fund (FDL).
FCFY and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCFY is a passively managed fund by First Trust that tracks the performance of the S&P 500 Sector-Neutral FCF Index - Benchmark TR Gross. It was launched on Aug 22, 2023. 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. Both FCFY and FDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FCFY vs. FDL - Performance Comparison
Loading graphics...
FCFY vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF | -7.94% | 16.76% | 11.28% | 11.06% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 15.49% | 14.79% | 17.98% | 7.70% |
Returns By Period
In the year-to-date period, FCFY achieves a -7.94% return, which is significantly lower than FDL's 15.49% return.
FCFY
- 1D
- 1.82%
- 1M
- -4.57%
- YTD
- -7.94%
- 6M
- -4.92%
- 1Y
- 10.82%
- 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%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
FCFY vs. FDL - Expense Ratio Comparison
FCFY has a 0.60% expense ratio, which is higher than FDL's 0.45% expense ratio.
Return for Risk
FCFY vs. FDL — Risk / Return Rank
FCFY
FDL
FCFY vs. FDL - 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 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.
| FCFY | FDL | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.48 | 1.47 | -0.99 |
Sortino ratioReturn per unit of downside risk | 0.84 | 2.06 | -1.22 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.29 | -0.17 |
Calmar ratioReturn relative to maximum drawdown | 0.79 | 1.96 | -1.17 |
Martin ratioReturn relative to average drawdown | 2.62 | 7.63 | -5.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| FCFY | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.48 | 1.47 | -0.99 |
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 | 0.66 | 0.46 | +0.20 |
Correlation
The correlation between FCFY and FDL is 0.70, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FCFY vs. FDL - Dividend Comparison
FCFY's dividend yield for the trailing twelve months is around 1.60%, less than FDL's 3.61% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCFY First Trust S&P 500 Diversified Free Cash Flow ETF | 1.60% | 1.48% | 1.76% | 0.73% | 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
FCFY vs. FDL - Drawdown Comparison
The maximum FCFY drawdown since its inception was -21.36%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for FCFY and FDL.
Loading graphics...
Drawdown Indicators
| FCFY | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.36% | -65.93% | +44.57% |
Max Drawdown (1Y)Largest decline over 1 year | -15.01% | -11.58% | -3.43% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -10.31% | -0.10% | -10.21% |
Average DrawdownAverage peak-to-trough decline | -3.38% | -9.73% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.54% | 3.10% | +1.44% |
Volatility
FCFY vs. FDL - Volatility Comparison
First Trust S&P 500 Diversified Free Cash Flow ETF (FCFY) has a higher volatility of 4.10% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.56%. This indicates that FCFY's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| FCFY | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.10% | 2.56% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.14% | 8.16% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.64% | 14.96% | +7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.71% | 14.31% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.71% | 17.09% | +0.62% |