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.
Performance
FDL vs. FDVV - Performance Comparison
Returns By Period
In the year-to-date period, FDL achieves a 21.68% return, which is significantly lower than FDVV's 24.98% return.
FDL
21.68%
0.95%
12.18%
31.12%
10.56%
10.04%
FDVV
24.98%
0.51%
12.59%
33.37%
14.51%
N/A
Key characteristics
| FDL | FDVV | |
|---|---|---|
| Sharpe Ratio | 2.68 | 3.23 |
| Sortino Ratio | 3.79 | 4.42 |
| Omega Ratio | 1.47 | 1.60 |
| Calmar Ratio | 3.54 | 6.52 |
| Martin Ratio | 18.86 | 27.40 |
| Ulcer Index | 1.64% | 1.20% |
| Daily Std Dev | 11.53% | 10.19% |
| Max Drawdown | -65.93% | -40.25% |
| Current Drawdown | -1.21% | -0.67% |
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FDL vs. FDVV - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is higher than FDVV's 0.29% expense ratio.
Correlation
The correlation between FDL and FDVV is 0.84, 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.
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.
Dividends
FDL vs. FDVV - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.07%, more than FDVV's 2.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.07% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
FDVV Fidelity High Dividend ETF | 2.73% | 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%. Use the drawdown chart below to compare losses from any high point for FDL and FDVV. For additional features, visit the drawdowns tool.
Volatility
FDL vs. FDVV - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) has a higher volatility of 3.52% compared to Fidelity High Dividend ETF (FDVV) at 2.54%. This indicates that FDL's price experiences larger fluctuations and is considered to be riskier than FDVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.