FDL vs. ELCV
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and Eventide High Dividend ETF (ELCV).
FDL and ELCV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ELCV is an actively managed fund by Eventide. It was launched on Sep 30, 2024.
Performance
FDL vs. ELCV - Performance Comparison
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FDL vs. ELCV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.21% | 14.79% | -1.81% |
ELCV Eventide High Dividend ETF | 9.52% | 9.96% | -1.81% |
Returns By Period
In the year-to-date period, FDL achieves a 14.21% return, which is significantly higher than ELCV's 9.52% return.
FDL
- 1D
- -1.10%
- 1M
- -1.21%
- YTD
- 14.21%
- 6M
- 16.89%
- 1Y
- 21.28%
- 3Y*
- 17.56%
- 5Y*
- 13.87%
- 10Y*
- 11.48%
ELCV
- 1D
- 1.58%
- 1M
- -2.46%
- YTD
- 9.52%
- 6M
- 9.43%
- 1Y
- 19.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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FDL vs. ELCV - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is lower than ELCV's 0.49% expense ratio.
Return for Risk
FDL vs. ELCV — Risk / Return Rank
FDL
ELCV
FDL vs. ELCV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and Eventide High Dividend ETF (ELCV). 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 | ELCV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.43 | 1.26 | +0.17 |
Sortino ratioReturn per unit of downside risk | 2.00 | 1.69 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.28 | 1.25 | +0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.71 | +0.06 |
Martin ratioReturn relative to average drawdown | 7.07 | 8.15 | -1.08 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDL | ELCV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.43 | 1.26 | +0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.97 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.76 | -0.31 |
Correlation
The correlation between FDL and ELCV is 0.61, 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
FDL vs. ELCV - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 3.65%, more than ELCV's 1.95% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.65% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
ELCV Eventide High Dividend ETF | 1.95% | 2.34% | 0.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDL vs. ELCV - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than ELCV's maximum drawdown of -18.38%. Use the drawdown chart below to compare losses from any high point for FDL and ELCV.
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Drawdown Indicators
| FDL | ELCV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.93% | -18.38% | -47.55% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -11.79% | +0.21% |
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 | -1.21% | -2.86% | +1.65% |
Average DrawdownAverage peak-to-trough decline | -9.72% | -4.12% | -5.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.48% | +0.42% |
Volatility
FDL vs. ELCV - Volatility Comparison
The current volatility for First Trust Morningstar Dividend Leaders Index Fund (FDL) is 2.71%, while Eventide High Dividend ETF (ELCV) has a volatility of 4.55%. This indicates that FDL experiences smaller price fluctuations and is considered to be less risky than ELCV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDL | ELCV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 4.55% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 8.23% | 8.89% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.94% | 15.17% | -0.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.32% | 15.72% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 15.72% | +1.37% |