FDL vs. IGLD
FDL (First Trust Morningstar Dividend Leaders Index Fund) and IGLD (FT Vest Gold Strategy Target Income ETF) are both exchange-traded funds - FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index, while IGLD is a Gold fund actively managed by First Trust. FDL is passively managed, while IGLD is actively managed. Over the past 5 years, FDL returned 14.10%/yr vs 12.05%/yr for IGLD. Their 0.11 correlation means their historical movements had little consistent relationship. FDL charges 0.43%/yr vs 0.85%/yr for IGLD.
Performance
FDL vs. IGLD - 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 IGLD's -6.86% 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%
IGLD
- 1D
- -0.32%
- 1M
- -1.46%
- 6M
- -11.29%
- YTD
- -6.86%
- 1Y
- 13.43%
- 3Y*
- 19.46%
- 5Y*
- 12.05%
- 10Y*
- —
- ALL TIME*
- 11.73%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.38M | $49.50M | $43.21M | |
| $4.93M | $5.43M | $7.10M |
FDL vs. IGLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.62% | 14.79% | 17.98% | 2.94% | 6.66% | 20.29% |
IGLD FT Vest Gold Strategy Target Income ETF | -6.86% | 47.46% | 19.36% | 9.24% | -2.34% | 4.30% |
Correlation
The correlation between FDL and IGLD is -0.01, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.01 |
Correlation (3Y) Balances recent behavior with more history. | 0.06 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.10 |
Correlation (All Time) Calculated using the full available price history since Mar 3, 2021 | 0.11 |
The correlation between FDL and IGLD shifts across timeframes, from -0.01 (1 year) to 0.11 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
FDL vs. IGLD — Risk / Return Rank
FDL
IGLD
FDL vs. IGLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and FT Vest Gold Strategy Target Income ETF (IGLD). 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 | IGLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.85 | ||
| Sortino ratioReturn per unit of downside risk | +2.73 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.12 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | 0.57 | +6.05 |
| Martin ratioReturn relative to average drawdown | 15.62 | 1.26 | +14.35 |
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Drawdowns
FDL vs. IGLD - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than IGLD's maximum drawdown of -23.84%. Use the drawdown chart below to compare losses from any high point for FDL and IGLD.
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Drawdown Indicators
| FDL | IGLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.93% | -23.84% | -42.09% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | -23.84% | +19.57% |
Max Drawdown (3Y)Largest decline over 3 years | -12.24% | -23.84% | +11.60% |
Max Drawdown (5Y)Largest decline over 5 years | -16.46% | -23.84% | +7.38% |
Max Drawdown (10Y)Largest decline over 10 years | -41.40% | — | — |
Current DrawdownCurrent decline from peak | -1.58% | -22.29% | +20.71% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -5.71% | -3.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | 10.65% | -8.84% |
Volatility
FDL vs. IGLD - Volatility Comparison
The current volatility for First Trust Morningstar Dividend Leaders Index Fund (FDL) is 4.65%, while FT Vest Gold Strategy Target Income ETF (IGLD) has a volatility of 5.32%. This indicates that FDL experiences smaller price fluctuations and is considered to be less risky than IGLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDL | IGLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | 5.32% | -0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | 20.82% | -12.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 25.12% | -13.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 15.75% | -1.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 15.43% | +1.73% |
FDL vs. IGLD - Expense Ratio Comparison
FDL has a 0.43% expense ratio, which is lower than IGLD's 0.85% expense ratio.
Dividends
FDL vs. IGLD - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 3.58%, less than IGLD's 23.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IGLD FT Vest Gold Strategy Target Income ETF | 23.29% | 9.91% | 20.81% | 7.85% | 4.45% | 2.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDL and IGLD have a correlation of -0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IGLD has higher volatility (5.32%) compared to FDL (4.65%). In terms of maximum drawdown, FDL dropped -65.93% vs IGLD's -23.84%.
On 5-year performance, FDL leads with 14.10% vs 12.05% for IGLD. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, FDL has performed better with a 14.10% return vs 12.05%. 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 0.85% for IGLD.
IGLD has the higher dividend yield at 23.29%, compared with 3.58% for FDL.
FDL is categorized as Large Cap Value Equities, while IGLD is Gold. Their fees differ too: 0.43% for FDL and 0.85% for IGLD.
FDL currently has the higher Sharpe Ratio (2.38 vs 0.54), 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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