FDL vs. SEMI

Last updated Aug 6, 2026

FDL (First Trust Morningstar Dividend Leaders Index Fund) and SEMI (Columbia Select Technology ETF) are both exchange-traded funds - FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index, while SEMI is a Semiconductors fund actively managed by Columbia. FDL is passively managed, while SEMI is actively managed. Over the past 3 years, FDL returned 19.02%/yr vs 25.61%/yr for SEMI. Their 0.25 correlation means their historical movements had little consistent relationship. FDL charges 0.43%/yr vs 0.75%/yr for SEMI.

Performance

FDL vs. SEMI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Morningstar Dividend Leaders Index Fund (FDL) and Columbia Select Technology ETF (SEMI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDL achieves a 18.60% return, which is significantly lower than SEMI's 25.91% return.

FDL

• 1D: -0.54%
• 1M: 4.47%
• 6M: 5.75%
• YTD: 18.60%
• 1Y: 26.71%
• 3Y*: 19.02%
• 5Y*: 13.96%
• 10Y*: 11.08%
• ALL TIME*: 8.95%

SEMI

• 1D: -0.44%
• 1M: 0.12%
• 6M: 28.91%
• YTD: 25.91%
• 1Y: 40.40%
• 3Y*: 25.61%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDL First Trust Morningstar Dividend Leaders Index Fund	$48.97M	$49.30M	$42.41M
SEMI Columbia Select Technology ETF	$405.44K	$337.99K	$560.40K

FDL vs. SEMI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
FDL First Trust Morningstar Dividend Leaders Index Fund	18.60%	14.79%	17.98%	2.94%	-0.26%
SEMI Columbia Select Technology ETF	25.91%	24.91%	15.87%	45.37%	-23.94%

Correlation

The correlation between FDL and SEMI is -0.29, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.29
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (All Time) Calculated using the full available price history since Mar 30, 2022	0.25

The correlation between FDL and SEMI shifts across timeframes, from -0.29 (1 year) to 0.25 (all time), reflecting how their relationship changes across market environments.

FDL vs. SEMI - Sectors Allocation Comparison

Sectors	FDL	SEMI
Consumer Defensive	24.3%	-
Utilities	15.4%	-
Financial Services	13.7%	3.3%
Healthcare	11.7%	-
Communication Services	11.2%	7.0%
Energy	11.1%	-
Consumer Cyclical	4.4%	3.3%
Technology	4.3%	86.3%
Industrials	3.6%	-
Basic Materials	0.4%	-
Real Estate	-	-

Return for Risk

FDL vs. SEMI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

FDL

FDL Risk / Return Rank: 89
FDL Sharpe Ratio Rank: 87
FDL Sortino Ratio Rank: 90
FDL Omega Ratio Rank: 83
FDL Calmar Ratio Rank: 96
FDL Martin Ratio Rank: 88

SEMI

SEMI Risk / Return Rank: 55
SEMI Sharpe Ratio Rank: 52
SEMI Sortino Ratio Rank: 49
SEMI Omega Ratio Rank: 48
SEMI Calmar Ratio Rank: 66
SEMI Martin Ratio Rank: 62

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

FDL vs. SEMI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and Columbia Select Technology ETF (SEMI). 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	SEMI	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.47	+0.79
Sortino ratio: Return per unit of downside risk	3.41	2.00	+1.42
Omega ratio: Gain probability vs. loss probability	1.39	1.25	+0.14
Calmar ratio: Return relative to maximum drawdown	6.28	2.63	+3.65
Martin ratio: Return relative to average drawdown	14.78	8.48	+6.31

FDL vs. SEMI - Sharpe Ratio Comparison

The current FDL Sharpe Ratio is 2.26, which is higher than the SEMI Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FDL and SEMI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

FDL vs. SEMI - Drawdown Comparison

The maximum FDL drawdown since its inception was -65.93%, which is greater than SEMI's maximum drawdown of -33.46%. Use the drawdown chart below to compare losses from any high point for FDL and SEMI.

Drawdown Indicators

	FDL	SEMI	Difference
Max Drawdown Largest peak-to-trough decline	-65.93%	-33.46%	-32.47%
Max Drawdown (1Y) Largest decline over 1 year	-4.27%	-15.42%	+11.15%
Max Drawdown (3Y) Largest decline over 3 years	-12.24%	-32.93%	+20.69%
Max Drawdown (5Y) Largest decline over 5 years	-16.46%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-41.40%	—	—
Current Drawdown Current decline from peak	-1.60%	-5.28%	+3.68%
Average Drawdown Average peak-to-trough decline	-9.59%	-9.78%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	4.78%	-2.97%

Volatility

FDL vs. SEMI - Volatility Comparison

The current volatility for First Trust Morningstar Dividend Leaders Index Fund (FDL) is 4.48%, while Columbia Select Technology ETF (SEMI) has a volatility of 10.97%. This indicates that FDL experiences smaller price fluctuations and is considered to be less risky than SEMI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDL	SEMI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.48%	10.97%	-6.49%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	23.57%	-14.94%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	27.70%	-15.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.43%	32.12%	-17.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.16%	32.12%	-14.96%

FDL vs. SEMI - Expense Ratio Comparison

FDL has a 0.43% expense ratio, which is lower than SEMI's 0.75% expense ratio.

Dividends

FDL vs. SEMI - Dividend Comparison

FDL's dividend yield for the trailing twelve months is around 3.58%, which matches SEMI's 3.56% 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%
SEMI Columbia Select Technology ETF	3.56%	4.48%	0.96%	0.87%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FDL and SEMI in my portfolio?

FDL and SEMI have a correlation of -0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDL or SEMI?

SEMI has higher volatility (10.97%) compared to FDL (4.48%). In terms of maximum drawdown, FDL dropped -65.93% vs SEMI's -33.46%.

Which ETF is better, FDL or SEMI?

On 3-year performance, SEMI leads with 25.61% vs 19.02% for FDL. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDL or SEMI?

Over the 3-year period, SEMI has performed better with a 25.61% return vs 19.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDL or SEMI?

FDL is cheaper with a 0.43% expense ratio, compared with 0.75% for SEMI.

Which ETF pays a higher dividend yield, FDL or SEMI?

FDL has the higher dividend yield at 3.58%, compared with 3.56% for SEMI.

What is the main difference between FDL and SEMI?

FDL is categorized as Large Cap Value Equities, while SEMI is Semiconductors. They also come from different issuers: First Trust and Columbia. Their fees differ too: 0.43% for FDL and 0.75% for SEMI.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (2.26 vs 1.47), 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.