FDL vs. FDVV
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and Fidelity High Dividend ETF (FDVV).
FDL and FDVV 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. FDVV is a passively managed fund by Fidelity that tracks the performance of the Fidelity Core Dividend Index. It was launched on Sep 12, 2016. Both FDL and FDVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FDL or FDVV.
Key characteristics
FDL | FDVV | |
---|---|---|
YTD Return | 7.40% | 7.76% |
1Y Return | 15.66% | 26.67% |
3Y Return (Ann) | 9.89% | 11.88% |
5Y Return (Ann) | 9.70% | 12.58% |
Sharpe Ratio | 1.25 | 2.41 |
Daily Std Dev | 13.09% | 11.06% |
Max Drawdown | -65.93% | -40.25% |
Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between FDL and FDVV is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FDL vs. FDVV - Performance Comparison
The year-to-date returns for both investments are quite close, with FDL having a 7.40% return and FDVV slightly higher at 7.76%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
FDL vs. FDVV - Expense Ratio Comparison
Risk-Adjusted Performance
FDL vs. FDVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and Fidelity High Dividend ETF (FDVV). 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.
Sharpe ratio | Sortino ratio | Omega ratio | Calmar ratio | Ulcer Index | |
---|---|---|---|---|---|
First Trust Morningstar Dividend Leaders Index Fund | 1.25 | ||||
Fidelity High Dividend ETF | 2.41 |
Dividends
FDL vs. FDVV - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.36%, more than FDVV's 3.23% yield.
TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
First Trust Morningstar Dividend Leaders Index Fund | 4.36% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% | 3.35% | 3.13% |
Fidelity High Dividend ETF | 3.23% | 3.77% | 3.44% | 2.70% | 3.19% | 3.93% | 4.05% | 3.63% | 1.04% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDL vs. FDVV - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than FDVV's maximum drawdown of -40.25%. The drawdown chart below compares losses from any high point along the way for FDL and FDVV
Volatility
FDL vs. FDVV - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) and Fidelity High Dividend ETF (FDVV) have volatilities of 2.43% and 2.41%, 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.