FDL vs. SPYD
Compare and contrast key facts about First Trust Morningstar Dividend Leaders Index Fund (FDL) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD).
FDL and SPYD 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. SPYD is a passively managed fund by State Street that tracks the performance of the S&P 500 High Dividend Index. It was launched on Oct 21, 2015. Both FDL and SPYD 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 SPYD.
Key characteristics
| FDL | SPYD | |
|---|---|---|
| YTD Return | 21.13% | 20.52% |
| 1Y Return | 32.30% | 34.92% |
| 3Y Return (Ann) | 12.18% | 7.98% |
| 5Y Return (Ann) | 10.23% | 8.16% |
| Sharpe Ratio | 3.01 | 2.96 |
| Sortino Ratio | 4.27 | 4.19 |
| Omega Ratio | 1.53 | 1.54 |
| Calmar Ratio | 3.56 | 2.46 |
| Martin Ratio | 21.80 | 20.60 |
| Ulcer Index | 1.62% | 1.96% |
| Daily Std Dev | 11.74% | 13.64% |
| Max Drawdown | -65.93% | -46.42% |
| Current Drawdown | -1.66% | -1.02% |
Correlation
The correlation between FDL and SPYD is 0.89, 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.
Performance
FDL vs. SPYD - Performance Comparison
The year-to-date returns for both stocks are quite close, with FDL having a 21.13% return and SPYD slightly lower at 20.52%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FDL vs. SPYD - Expense Ratio Comparison
FDL has a 0.45% expense ratio, which is higher than SPYD's 0.07% expense ratio.
Risk-Adjusted Performance
FDL vs. SPYD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Morningstar Dividend Leaders Index Fund (FDL) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD). 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. SPYD - Dividend Comparison
FDL's dividend yield for the trailing twelve months is around 4.09%, which matches SPYD's 4.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.09% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
SPYD SPDR Portfolio S&P 500 High Dividend ETF | 4.05% | 4.66% | 5.01% | 3.69% | 4.96% | 4.42% | 4.75% | 4.64% | 4.34% | 1.13% | 0.00% | 0.00% |
Drawdowns
FDL vs. SPYD - Drawdown Comparison
The maximum FDL drawdown since its inception was -65.93%, which is greater than SPYD's maximum drawdown of -46.42%. Use the drawdown chart below to compare losses from any high point for FDL and SPYD. For additional features, visit the drawdowns tool.
Volatility
FDL vs. SPYD - Volatility Comparison
First Trust Morningstar Dividend Leaders Index Fund (FDL) and SPDR Portfolio S&P 500 High Dividend ETF (SPYD) have volatilities of 3.60% and 3.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.