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FDL vs. FDVV
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


FDLFDVV
YTD Return7.40%7.76%
1Y Return15.66%26.67%
3Y Return (Ann)9.89%11.88%
5Y Return (Ann)9.70%12.58%
Sharpe Ratio1.252.41
Daily Std Dev13.09%11.06%
Max Drawdown-65.93%-40.25%
Current Drawdown0.00%0.00%

Correlation

0.86
-1.001.00

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.


60.00%80.00%100.00%120.00%140.00%OctoberNovemberDecember2024FebruaryMarch
93.76%
137.34%
FDL
FDVV

Compare stocks, funds, or ETFs


First Trust Morningstar Dividend Leaders Index Fund

Fidelity High Dividend ETF

FDL vs. FDVV - Expense Ratio Comparison

FDL has a 0.45% expense ratio, which is higher than FDVV's 0.29% expense ratio.

FDL
First Trust Morningstar Dividend Leaders Index Fund
0.50%1.00%1.50%2.00%0.45%
0.50%1.00%1.50%2.00%0.29%

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 ratioSortino ratioOmega ratioCalmar ratioUlcer Index
FDL
First Trust Morningstar Dividend Leaders Index Fund
1.25
FDVV
Fidelity High Dividend ETF
2.41

FDL vs. FDVV - Sharpe Ratio Comparison

The current FDL Sharpe Ratio is 1.25, which is lower than the FDVV Sharpe Ratio of 2.41. The chart below compares the 12-month rolling Sharpe Ratio of FDL and FDVV.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00OctoberNovemberDecember2024FebruaryMarch
1.25
2.41
FDL
FDVV

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.


TTM20232022202120202019201820172016201520142013
FDL
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%
FDVV
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


-15.00%-10.00%-5.00%0.00%OctoberNovemberDecember2024FebruaryMarch00
FDL
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.


2.00%3.00%4.00%5.00%6.00%OctoberNovemberDecember2024FebruaryMarch
2.43%
2.41%
FDL
FDVV