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FDD vs. DVY
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FDD vs. DVY

Last updated Aug 2, 2026
Documentation

FDD (First Trust STOXX European Select Dividend Index Fund) and DVY (iShares Select Dividend ETF) are both exchange-traded funds - FDD is a Europe Equities fund tracking the STOXX Europe Select Dividend 30, while DVY is a Large Cap Value Equities fund tracking the Dow Jones U.S. Select Dividend Index. Both are passively managed. Over the past 10 years, FDD returned 11.01%/yr vs 10.33%/yr for DVY. Their 0.59 correlation means they have sometimes moved together and sometimes differently. FDD charges 0.58%/yr vs 0.39%/yr for DVY.

Performance

FDD vs. DVY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust STOXX European Select Dividend Index Fund (FDD) and iShares Select Dividend ETF (DVY). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FDD achieves a 18.92% return, which is significantly higher than DVY's 16.01% return. Over the past 10 years, FDD has outperformed DVY with an annualized return of 11.01%, while DVY has yielded a comparatively lower 10.33% annualized return.

FDD

1D
0.50%
1M
7.25%
6M
13.35%
YTD
18.92%
1Y
39.43%
3Y*
27.25%
5Y*
13.14%
10Y*
11.01%
ALL TIME*
2.89%

DVY

1D
-0.44%
1M
1.34%
6M
8.82%
YTD
16.01%
1Y
24.73%
3Y*
15.50%
5Y*
10.78%
10Y*
10.33%
ALL TIME*
9.03%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DVY

iShares Select Dividend ETF
$92.12M$74.14M$70.08M

FDD

First Trust STOXX European Select Dividend Index Fund
$2.43M$2.30M$2.53M

FDD vs. DVY - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
FDD
First Trust STOXX European Select Dividend Index Fund		18.92%62.50%0.28%14.16%-16.14%16.03%-3.80%23.79%-8.98%19.07%
DVY
iShares Select Dividend ETF		16.01%11.60%16.24%1.12%1.80%31.70%-4.91%22.62%-6.36%14.82%

Correlation

The correlation between FDD and DVY is 0.43, which is low. Their historical price movements had little consistent relationship.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.43

Correlation (3Y)
Balances recent behavior with more history.

0.51

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.59

Correlation (10Y)
Provides a long-term view across more market conditions.

0.61

Correlation (All Time)
Calculated using the full available price history since Aug 30, 2007

0.59

The correlation between FDD and DVY shifts across timeframes, from 0.43 (1 year) to 0.61 (10 years), reflecting how their relationship changes across market environments.

FDD vs. DVY - Sectors Allocation Comparison

Sectors
FDD
DVY

Financial Services

58.2%
26.1%

Industrials

11.4%
2.1%

Consumer Cyclical

9.2%
10.1%

Energy

9.1%
8.2%

Utilities

6.0%
24.2%

Consumer Defensive

4.2%
13.5%

Real Estate

3.3%

-

Basic Materials

2.8%
1.8%

Communication Services

1.9%
5.2%

Healthcare

-

5.2%

Technology

-

3.7%

Financial Services

FDD
58.2%
DVY
26.1%

Industrials

FDD
11.4%
DVY
2.1%

Consumer Cyclical

FDD
9.2%
DVY
10.1%

Energy

FDD
9.1%
DVY
8.2%

Utilities

FDD
6.0%
DVY
24.2%

Consumer Defensive

FDD
4.2%
DVY
13.5%

Real Estate

FDD
3.3%
DVY

-

Basic Materials

FDD
2.8%
DVY
1.8%

Communication Services

FDD
1.9%
DVY
5.2%

Healthcare

FDD

-

DVY
5.2%

Technology

FDD

-

DVY
3.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust STOXX European Select Dividend Index Fund

iShares Select Dividend ETF

Often compared with FDD:
FDD vs. EUFNFDD vs. RFEUFDD vs. FLAXFDD vs. VTIFDD vs. IQDFFDD vs. IEURFDD vs. DFE
Often compared with DVY:
DVY vs. SCHDDVY vs. HDVDVY vs. VYMDVY vs. DGRODVY vs. VIGDVY vs. SPYDDVY vs. VOO

Return for Risk

FDD vs. DVY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
FDD
FDD Risk / Return Rank: 9191
Overall Rank
FDD Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
FDD Sortino Ratio Rank: 9292
Sortino Ratio Rank
FDD Omega Ratio Rank: 9090
Omega Ratio Rank
FDD Calmar Ratio Rank: 9292
Calmar Ratio Rank
FDD Martin Ratio Rank: 8989
Martin Ratio Rank
DVY
DVY Risk / Return Rank: 8787
Overall Rank
DVY Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
DVY Sortino Ratio Rank: 9090
Sortino Ratio Rank
DVY Omega Ratio Rank: 8484
Omega Ratio Rank
DVY Calmar Ratio Rank: 8787
Calmar Ratio Rank
DVY Martin Ratio Rank: 8686
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDD vs. DVY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust STOXX European Select Dividend Index Fund (FDD) and iShares Select Dividend ETF (DVY). 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.

FDDDVYDifference
Sharpe ratioReturn per unit of total volatility
2.48
2.11

+0.36

Sortino ratioReturn per unit of downside risk
3.38
3.12

+0.26

Omega ratioGain probability vs. loss probability

1.42

1.36

+0.06

Calmar ratioReturn relative to maximum drawdown

4.16

3.45

+0.70

Martin ratioReturn relative to average drawdown

13.77

12.38

+1.39

FDD vs. DVY - Sharpe Ratio Comparison

The current FDD Sharpe Ratio is 2.48, which is comparable to the DVY Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of FDD and DVY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

FDD vs. DVY - Drawdown Comparison

The maximum FDD drawdown since its inception was -74.77%, which is greater than DVY's maximum drawdown of -62.59%. Use the drawdown chart below to compare losses from any high point for FDD and DVY.

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Drawdown Indicators

FDDDVYDifference

Max Drawdown

Largest peak-to-trough decline

-74.77%

-62.59%

-12.18%

Max Drawdown (1Y)

Largest decline over 1 year

-9.39%

-6.89%

-2.50%

Max Drawdown (3Y)

Largest decline over 3 years

-12.90%

-16.00%

+3.10%

Max Drawdown (5Y)

Largest decline over 5 years

-34.84%

-17.54%

-17.30%

Max Drawdown (10Y)

Largest decline over 10 years

-41.43%

-41.59%

+0.16%

Current Drawdown

Current decline from peak

0.00%

-2.55%

+2.55%

Average Drawdown

Average peak-to-trough decline

-35.18%

-8.74%

-26.44%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.83%

1.92%

+0.91%

Volatility

FDD vs. DVY - Volatility Comparison

The current volatility for First Trust STOXX European Select Dividend Index Fund (FDD) is 3.74%, while iShares Select Dividend ETF (DVY) has a volatility of 4.03%. This indicates that FDD experiences smaller price fluctuations and is considered to be less risky than DVY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FDDDVYDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.74%

4.03%

-0.29%

Volatility (6M)

Calculated over the trailing 6-month period

13.14%

7.94%

+5.20%

Volatility (1Y)

Calculated over the trailing 1-year period

15.79%

11.27%

+4.52%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.44%

15.12%

+3.32%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.77%

18.02%

+1.75%

FDD vs. DVY - Expense Ratio Comparison

FDD has a 0.58% expense ratio, which is higher than DVY's 0.39% expense ratio.

Dividends

FDD vs. DVY - Dividend Comparison

FDD's dividend yield for the trailing twelve months is around 5.01%, more than DVY's 3.26% yield.

PositionTTM20252024202320222021202020192018201720162015
DVY
iShares Select Dividend ETF		3.26%3.65%3.65%3.82%3.43%3.12%3.66%3.41%3.58%3.00%3.04%3.45%
FDD
First Trust STOXX European Select Dividend Index Fund		5.01%3.99%7.65%6.85%6.07%3.44%4.01%4.69%5.05%2.78%4.88%4.35%

Frequently Asked Questions

FDD and DVY have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DVY has higher volatility (4.03%) compared to FDD (3.74%). In terms of maximum drawdown, FDD dropped -74.77% vs DVY's -62.59%.

On 10-year performance, FDD leads with 11.01% vs 10.33% for DVY. On fees, DVY is cheaper at 0.39% per year. On volatility, FDD has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FDD has performed better with a 11.01% return vs 10.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DVY is cheaper with a 0.39% expense ratio, compared with 0.58% for FDD.

FDD has the higher dividend yield at 5.01%, compared with 3.26% for DVY.

FDD is categorized as Europe Equities, while DVY is Large Cap Value Equities. FDD tracks STOXX Europe Select Dividend 30, while DVY tracks Dow Jones U.S. Select Dividend Index. They also come from different issuers: First Trust and iShares. Their fees differ too: 0.58% for FDD and 0.39% for DVY.

FDD currently has the higher Sharpe Ratio (2.48 vs 2.11), 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.

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