FDL vs. AHR

Last updated Jun 4, 2026

FDL (First Trust Morningstar Dividend Leaders Index Fund) is Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index, while AHR (American Healthcare REIT, Inc.) is a stock. Over the past year, FDL returned 23.67% vs 38.34% for AHR. At a 0.24 correlation, their price movements are largely independent.

Performance

FDL vs. AHR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Morningstar Dividend Leaders Index Fund (FDL) and American Healthcare REIT, Inc. (AHR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDL achieves a 13.33% return, which is significantly higher than AHR's -0.47% return.

FDL

• 1D: -0.26%
• 1M: -0.26%
• YTD: 13.33%
• 6M: 14.76%
• 1Y: 23.67%
• 3Y*: 18.97%
• 5Y*: 12.51%
• 10Y*: 11.24%

AHR

• 1D: 0.45%
• 1M: -7.06%
• YTD: -0.47%
• 6M: -6.41%
• 1Y: 38.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FDL vs. AHR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FDL First Trust Morningstar Dividend Leaders Index Fund	13.33%	14.79%	17.30%
AHR American Healthcare REIT, Inc.	-0.47%	70.03%	126.69%

Correlation

The correlation between FDL and AHR is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.07
Correlation (All Time) Calculated using the full available price history since Feb 8, 2024	0.24

The correlation between FDL and AHR shifts across timeframes, from 0.07 (1 year) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FDL vs. AHR — Risk / Return Rank

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

FDL

FDL Risk / Return Rank: 70
FDL Sharpe Ratio Rank: 61
FDL Sortino Ratio Rank: 70
FDL Omega Ratio Rank: 59
FDL Calmar Ratio Rank: 90
FDL Martin Ratio Rank: 71

AHR

AHR Risk / Return Rank: 81
AHR Sharpe Ratio Rank: 83
AHR Sortino Ratio Rank: 78
AHR Omega Ratio Rank: 78
AHR Calmar Ratio Rank: 82
AHR Martin Ratio Rank: 84

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.

FDL vs. AHR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and American Healthcare REIT, Inc. (AHR). 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.

	FDL	AHR	Difference
Sharpe ratio: Return per unit of total volatility	2.11	1.64	+0.47
Sortino ratio: Return per unit of downside risk	3.25	2.21	+1.04
Omega ratio: Gain probability vs. loss probability	1.37	1.29	+0.08
Calmar ratio: Return relative to maximum drawdown	5.56	3.12	+2.44
Martin ratio: Return relative to average drawdown	13.56	8.65	+4.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDL vs. AHR - Sharpe Ratio Comparison

The current FDL Sharpe Ratio is 2.11, which is comparable to the AHR Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of FDL and AHR, 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

	FDL	AHR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.11	1.64	+0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.88	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.66	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	2.96	-2.51

Drawdowns

FDL vs. AHR - Drawdown Comparison

The maximum FDL drawdown since its inception was -65.93%, which is greater than AHR's maximum drawdown of -12.34%. Use the drawdown chart below to compare losses from any high point for FDL and AHR.

Drawdown Indicators

	FDL	AHR	Difference
Max Drawdown Largest peak-to-trough decline	-65.93%	-12.34%	-53.59%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	-12.34%	+8.07%
Max Drawdown (3Y) Largest decline over 3 years	-12.24%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.40%	—	—
Current Drawdown Current decline from peak	-2.18%	-11.94%	+9.76%
Average Drawdown Average peak-to-trough decline	-9.66%	-2.94%	-6.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	4.44%	-2.69%

Volatility

FDL vs. AHR - Volatility Comparison

The current volatility for First Trust Morningstar Dividend Leaders Index Fund (FDL) is 2.85%, while American Healthcare REIT, Inc. (AHR) has a volatility of 9.32%. This indicates that FDL experiences smaller price fluctuations and is considered to be less risky than AHR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDL	AHR	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	9.32%	-6.47%
Volatility (6M) Calculated over the trailing 6-month period	7.87%	18.51%	-10.64%
Volatility (1Y) Calculated over the trailing 1-year period	11.28%	23.56%	-12.28%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.31%	26.73%	-12.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.11%	26.73%	-9.62%

Dividends

FDL vs. AHR - Dividend Comparison

FDL's dividend yield for the trailing twelve months is around 3.68%, more than AHR's 2.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AHR American Healthcare REIT, Inc.	2.15%	2.12%	3.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
FDL First Trust Morningstar Dividend Leaders Index Fund	3.68%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%

Frequently Asked Questions

Can I hold both FDL and AHR in my portfolio?

FDL and AHR have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDL or AHR?

AHR has higher volatility (9.32%) compared to FDL (2.85%). In terms of maximum drawdown, FDL dropped -65.93% vs AHR's -12.34%.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (2.11 vs 1.64), 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.