FDL vs. LVHD
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and Legg Mason Low Volatility High Dividend ETF (LVHD).
FDL and LVHD 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. LVHD is a passively managed fund by Franklin Templeton that tracks the performance of the QS Low Volatility High Dividend Index. It was launched on Dec 29, 2015. Both FDL and LVHD 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 LVHD.
Performance
FDL vs. LVHD - Performance Comparison
Returns By Period
In the year-to-date period, FDL achieves a 20.62% return, which is significantly higher than LVHD's 13.85% return.
FDL
20.62%
-1.13%
9.97%
29.94%
10.42%
9.99%
LVHD
13.85%
-2.17%
10.34%
21.03%
7.34%
N/A
Key characteristics
| FDL | LVHD | |
|---|---|---|
| Sharpe Ratio | 2.64 | 1.96 |
| Sortino Ratio | 3.75 | 2.75 |
| Omega Ratio | 1.47 | 1.36 |
| Calmar Ratio | 3.21 | 1.92 |
| Martin Ratio | 18.68 | 9.06 |
| Ulcer Index | 1.63% | 2.37% |
| Daily Std Dev | 11.51% | 10.96% |
| Max Drawdown | -65.93% | -37.32% |
| Current Drawdown | -2.08% | -2.17% |
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FDL vs. LVHD - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is higher than LVHD's 0.27% expense ratio.
Correlation
The correlation between FDL and LVHD 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. LVHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and Legg Mason Low Volatility High Dividend ETF (LVHD). 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. LVHD - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.10%, more than LVHD's 3.73% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.10% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
LVHD Legg Mason Low Volatility High Dividend ETF | 3.73% | 3.55% | 3.30% | 2.56% | 3.27% | 3.30% | 3.81% | 3.33% | 2.18% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDL vs. LVHD - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than LVHD's maximum drawdown of -37.32%. Use the drawdown chart below to compare losses from any high point for FDL and LVHD. For additional features, visit the drawdowns tool.
Volatility
FDL vs. LVHD - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) has a higher volatility of 3.52% compared to Legg Mason Low Volatility High Dividend ETF (LVHD) at 2.99%. This indicates that FDL's price experiences larger fluctuations and is considered to be riskier than LVHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.