FDL vs. KWIN
FDL (First Trust Morningstar Dividend Leaders Index Fund) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds - FDL tracks the Morningstar Dividend Leaders Index while KWIN tracks the Wahed Alternative Income Index. Both are passively managed. Their 0.19 correlation means their historical movements had little consistent relationship. FDL charges 0.43%/yr vs 0.51%/yr for KWIN.
Performance
FDL vs. KWIN - 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 KWIN's 2.01% 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%
KWIN
- 1D
- -0.04%
- 1M
- -1.04%
- 6M
- 1.86%
- YTD
- 2.01%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- —
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.38M | $49.50M | $43.21M | |
| $339.12K | $313.61K | $441.01K |
FDL vs. KWIN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.62% | 6.17% |
KWIN KraneShares Wahed Alternative Income Index ETF | 2.01% | 0.61% |
Correlation
The correlation between FDL and KWIN is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025 | 0.19 |
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Return for Risk
FDL vs. KWIN — Risk / Return Rank
FDL
KWIN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL vs. KWIN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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 | KWIN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.42 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 6.62 | — | — |
| Martin ratioReturn relative to average drawdown | 15.62 | — | — |
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Drawdowns
FDL vs. KWIN - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than KWIN's maximum drawdown of -1.58%. Use the drawdown chart below to compare losses from any high point for FDL and KWIN.
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Drawdown Indicators
| FDL | KWIN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.93% | -1.58% | -64.35% |
Max Drawdown (1Y)Largest decline over 1 year | -4.27% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -12.24% | — | — |
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 | -1.58% | -1.04% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -9.59% | -0.34% | -9.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.81% | — | — |
Volatility
FDL vs. KWIN - Volatility Comparison
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Volatility by Period
| FDL | KWIN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.65% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 8.75% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.89% | 4.03% | +7.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 4.03% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.16% | 4.03% | +13.13% |
FDL vs. KWIN - Expense Ratio Comparison
FDL has a 0.43% expense ratio, which is lower than KWIN's 0.51% expense ratio.
Dividends
FDL vs. KWIN - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 3.58%, while KWIN has not paid dividends to shareholders.
| 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% |
KWIN KraneShares Wahed Alternative Income Index ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
FDL and KWIN have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDL is cheaper with a 0.43% expense ratio, compared with 0.51% for KWIN.
FDL has the higher dividend yield at 3.58%, compared with 0.00% for KWIN.
FDL tracks Morningstar Dividend Leaders Index, while KWIN tracks Wahed Alternative Income Index. They also come from different issuers: First Trust and KraneShares. Their fees differ too: 0.43% for FDL and 0.51% for KWIN.
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