FDL vs. BEEZ
FDL (First Trust Morningstar Dividend Leaders Index Fund) and BEEZ (Honeytree U.S. Equity ETF) are both exchange-traded funds - FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index, while BEEZ is a Large Cap Blend Equities fund actively managed by Honeytree. FDL is passively managed, while BEEZ is actively managed. Over the past year, FDL returned 28.15% vs 7.85% for BEEZ. Their 0.50 correlation means they have sometimes moved together and sometimes differently. FDL charges 0.43%/yr vs 0.64%/yr for BEEZ.
Performance
FDL vs. BEEZ - Performance Comparison
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Returns By Period
In the year-to-date period, FDL achieves a 18.62% return, which is significantly higher than BEEZ's 5.96% return.
FDL
- 1D
- 0.39%
- 1M
- 3.67%
- 6M
- 9.83%
- YTD
- 18.62%
- 1Y
- 28.15%
- 3Y*
- 19.02%
- 5Y*
- 14.10%
- 10Y*
- 11.08%
- ALL TIME*
- 8.96%
BEEZ
- 1D
- 1.03%
- 1M
- 2.41%
- 6M
- 2.62%
- YTD
- 5.96%
- 1Y
- 7.85%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.37%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $15.41K | $9.83K | $6.85K | |
| $51.38M | $49.50M | $43.21M |
FDL vs. BEEZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.62% | 14.79% | 17.98% | 10.14% |
BEEZ Honeytree U.S. Equity ETF | 5.96% | 5.65% | 10.41% | 14.04% |
Correlation
The correlation between FDL and BEEZ is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Nov 8, 2023 | 0.50 |
The correlation between FDL and BEEZ shifts across timeframes, from 0.32 (1 year) to 0.50 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDL vs. BEEZ — Risk / Return Rank
FDL
BEEZ
FDL vs. BEEZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and Honeytree U.S. Equity ETF (BEEZ). 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.
| FDL | BEEZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.80 | ||
| Sortino ratioReturn per unit of downside risk | +2.65 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.11 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 0.94 | +5.68 |
| Martin ratioReturn relative to average drawdown | 15.62 | 2.68 | +12.94 |
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Drawdowns
FDL vs. BEEZ - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than BEEZ's maximum drawdown of -18.62%. Use the drawdown chart below to compare losses from any high point for FDL and BEEZ.
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Drawdown Indicators
| FDL | BEEZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.93% | -18.62% | -47.31% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -8.41% | +4.14% |
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 DrawdownCurrent decline from peak | -1.58% | 0.00% | -1.58% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -2.79% | -6.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 2.94% | -1.13% |
Volatility
FDL vs. BEEZ - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) and Honeytree U.S. Equity ETF (BEEZ) have volatilities of 4.65% and 4.62%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDL | BEEZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 4.62% | +0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 10.44% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 13.59% | -1.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 15.06% | -0.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 15.06% | +2.10% |
FDL vs. BEEZ - Expense Ratio Comparison
FDL has a 0.43% expense ratio, which is lower than BEEZ's 0.64% expense ratio.
Dividends
FDL vs. BEEZ - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 3.58%, more than BEEZ's 0.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEEZ Honeytree U.S. Equity ETF | 0.53% | 0.56% | 0.61% | 0.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.58% | 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
FDL and BEEZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (4.65%) compared to BEEZ (4.62%). In terms of maximum drawdown, FDL dropped -65.93% vs BEEZ's -18.62%.
On 1-year performance, FDL leads with 28.15% vs 7.85% for BEEZ. On fees, FDL is cheaper at 0.43% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDL has performed better with a 28.15% return vs 7.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 0.64% for BEEZ.
FDL has the higher dividend yield at 3.58%, compared with 0.53% for BEEZ.
FDL is categorized as Large Cap Value Equities, while BEEZ is Large Cap Blend Equities. They also come from different issuers: First Trust and Honeytree. Their fees differ too: 0.43% for FDL and 0.64% for BEEZ.
FDL currently has the higher Sharpe Ratio (2.38 vs 0.58), 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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