FDL vs. MEDI
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and Harbor Health Care ETF (MEDI).
FDL and MEDI 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. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022.
Performance
FDL vs. MEDI - Performance Comparison
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FDL vs. MEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 15.49% | 14.79% | 17.98% | 2.94% | -0.12% |
MEDI Harbor Health Care ETF | -6.79% | 27.11% | 0.58% | 24.87% | 2.60% |
Returns By Period
In the year-to-date period, FDL achieves a 15.49% return, which is significantly higher than MEDI's -6.79% return.
FDL
- 1D
- 0.43%
- 1M
- 0.01%
- YTD
- 15.49%
- 6M
- 19.42%
- 1Y
- 21.84%
- 3Y*
- 18.00%
- 5Y*
- 14.12%
- 10Y*
- 11.60%
MEDI
- 1D
- 4.62%
- 1M
- -7.67%
- YTD
- -6.79%
- 6M
- 2.91%
- 1Y
- 15.86%
- 3Y*
- 13.57%
- 5Y*
- —
- 10Y*
- —
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FDL vs. MEDI - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is lower than MEDI's 0.80% expense ratio.
Return for Risk
FDL vs. MEDI — Risk / Return Rank
FDL
MEDI
FDL vs. MEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and Harbor Health Care ETF (MEDI). 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.
| FDL | MEDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.47 | 0.70 | +0.77 |
Sortino ratioReturn per unit of downside risk | 2.06 | 1.12 | +0.94 |
Omega ratioGain probability vs. loss probability | 1.29 | 1.14 | +0.15 |
Calmar ratioReturn relative to maximum drawdown | 1.96 | 0.87 | +1.09 |
Martin ratioReturn relative to average drawdown | 7.63 | 3.05 | +4.59 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| FDL | MEDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.47 | 0.70 | +0.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.99 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.68 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.46 | 0.73 | -0.27 |
Correlation
The correlation between FDL and MEDI is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FDL vs. MEDI - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 3.61%, more than MEDI's 0.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.61% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
MEDI Harbor Health Care ETF | 0.30% | 0.28% | 0.54% | 1.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
FDL vs. MEDI - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than MEDI's maximum drawdown of -19.24%. Use the drawdown chart below to compare losses from any high point for FDL and MEDI.
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Drawdown Indicators
| FDL | MEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.93% | -19.24% | -46.69% |
Max Drawdown (1Y)Largest decline over 1 year | -11.58% | -15.34% | +3.76% |
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 | -0.10% | -10.67% | +10.57% |
Average DrawdownAverage peak-to-trough decline | -9.73% | -4.09% | -5.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.10% | 4.39% | -1.29% |
Volatility
FDL vs. MEDI - Volatility Comparison
The current volatility for First Trust Morningstar Dividend Leaders Index Fund (FDL) is 2.56%, while Harbor Health Care ETF (MEDI) has a volatility of 7.96%. This indicates that FDL experiences smaller price fluctuations and is considered to be less risky than MEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| FDL | MEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.56% | 7.96% | -5.40% |
Volatility (6M)Calculated over the trailing 6-month period | 8.16% | 14.30% | -6.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.96% | 22.80% | -7.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.31% | 18.47% | -4.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.09% | 18.47% | -1.38% |