FDM vs. TDIV

Last updated Jun 4, 2026

FDM (First Trust Dow Jones Select MicroCap Index Fund) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - FDM is a Small Cap Blend Equities fund tracking the Dow Jones Select Microcap Index, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 10 years, FDM returned 11.42%/yr vs 19.34%/yr for TDIV. A 0.63 correlation means they provide meaningful diversification when combined. FDM charges 0.60%/yr vs 0.50%/yr for TDIV.

Performance

FDM vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Dow Jones Select MicroCap Index Fund (FDM) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FDM achieves a 7.48% return, which is significantly lower than TDIV's 30.57% return. Over the past 10 years, FDM has underperformed TDIV with an annualized return of 11.42%, while TDIV has yielded a comparatively higher 19.34% annualized return.

FDM

• 1D: -2.13%
• 1M: -2.89%
• YTD: 7.48%
• 6M: 7.77%
• 1Y: 27.59%
• 3Y*: 18.03%
• 5Y*: 8.37%
• 10Y*: 11.42%

TDIV

• 1D: -1.79%
• 1M: 15.82%
• YTD: 30.57%
• 6M: 28.79%
• 1Y: 53.63%
• 3Y*: 33.27%
• 5Y*: 19.29%
• 10Y*: 19.34%

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

FDM vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FDM First Trust Dow Jones Select MicroCap Index Fund	7.48%	18.64%	13.00%	12.76%	-11.61%	35.08%	-4.04%	27.45%	-13.53%	8.72%
TDIV First Trust NASDAQ Technology Dividend Index Fund	30.57%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Correlation

The correlation between FDM and TDIV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (3Y) Calculated over the trailing 3-year period	0.55
Correlation (5Y) Calculated over the trailing 5-year period	0.63
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Aug 15, 2012	0.63

The correlation between FDM and TDIV shifts across timeframes, from 0.47 (1 year) to 0.63 (5 years), reflecting how their relationship changes across market environments.

FDM vs. TDIV - Sectors Allocation Comparison

Sectors	FDM	TDIV
Financial Services	41.2%	-
Industrials	16.4%	1.6%
Consumer Cyclical	10.0%	-
Technology	6.2%	85.0%
Healthcare	6.2%	-
Energy	5.0%	-
Consumer Defensive	4.7%	-
Basic Materials	4.2%	-
Communication Services	3.7%	13.4%
Real Estate	1.4%	-
Utilities	1.0%	-

Return for Risk

FDM vs. TDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FDM

FDM Risk / Return Rank: 47
FDM Sharpe Ratio Rank: 41
FDM Sortino Ratio Rank: 43
FDM Omega Ratio Rank: 39
FDM Calmar Ratio Rank: 60
FDM Martin Ratio Rank: 52

TDIV

TDIV Risk / Return Rank: 83
TDIV Sharpe Ratio Rank: 86
TDIV Sortino Ratio Rank: 84
TDIV Omega Ratio Rank: 80
TDIV Calmar Ratio Rank: 87
TDIV Martin Ratio Rank: 79

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FDM vs. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Dow Jones Select MicroCap Index Fund (FDM) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). 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.

	FDM	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.47	2.93	-1.46
Sortino ratio: Return per unit of downside risk	2.18	3.85	-1.67
Omega ratio: Gain probability vs. loss probability	1.26	1.49	-0.23
Calmar ratio: Return relative to maximum drawdown	2.98	5.02	-2.04
Martin ratio: Return relative to average drawdown	9.04	15.64	-6.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDM vs. TDIV - Sharpe Ratio Comparison

The current FDM Sharpe Ratio is 1.47, which is lower than the TDIV Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of FDM and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FDM	TDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.47	2.93	-1.46
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.94	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.93	-0.44
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.88	-0.54

Drawdowns

FDM vs. TDIV - Drawdown Comparison

The maximum FDM drawdown since its inception was -63.45%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FDM and TDIV.

Drawdown Indicators

	FDM	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-63.45%	-31.97%	-31.48%
Max Drawdown (1Y) Largest decline over 1 year	-9.30%	-10.74%	+1.44%
Max Drawdown (3Y) Largest decline over 3 years	-23.47%	-23.00%	-0.47%
Max Drawdown (5Y) Largest decline over 5 years	-23.74%	-31.97%	+8.23%
Max Drawdown (10Y) Largest decline over 10 years	-47.76%	-31.97%	-15.79%
Current Drawdown Current decline from peak	-4.31%	-1.79%	-2.52%
Average Drawdown Average peak-to-trough decline	-11.35%	-4.84%	-6.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.44%	-0.38%

Volatility

FDM vs. TDIV - Volatility Comparison

The current volatility for First Trust Dow Jones Select MicroCap Index Fund (FDM) is 4.50%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 6.86%. This indicates that FDM experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDM	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.50%	6.86%	-2.36%
Volatility (6M) Calculated over the trailing 6-month period	13.22%	13.91%	-0.69%
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	18.47%	+0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	20.67%	+0.72%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.36%	20.85%	+2.51%

FDM vs. TDIV - Expense Ratio Comparison

FDM has a 0.60% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

FDM vs. TDIV - Dividend Comparison

FDM's dividend yield for the trailing twelve months is around 1.28%, more than TDIV's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDM First Trust Dow Jones Select MicroCap Index Fund	1.28%	1.43%	1.56%	1.81%	1.80%	1.08%	1.68%	1.37%	1.26%	0.97%	1.13%	1.45%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.12%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both FDM and TDIV in my portfolio?

FDM and TDIV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FDM or TDIV?

TDIV has higher volatility (6.86%) compared to FDM (4.50%). In terms of maximum drawdown, FDM dropped -63.45% vs TDIV's -31.97%.

Which ETF is better, FDM or TDIV?

On 10-year performance, TDIV leads with 19.34% vs 11.42% for FDM. On fees, TDIV is cheaper at 0.50% per year. On volatility, FDM has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FDM or TDIV?

Over the 10-year period, TDIV has performed better with a 19.34% return vs 11.42%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FDM or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.60% for FDM.

Which ETF pays a higher dividend yield, FDM or TDIV?

FDM has the higher dividend yield at 1.28%, compared with 1.12% for TDIV.

What is the main difference between FDM and TDIV?

FDM is categorized as Small Cap Blend Equities, while TDIV is Technology Equities. FDM tracks Dow Jones Select Microcap Index, while TDIV tracks NASDAQ Technology Dividend Index. Their fees differ too: 0.60% for FDM and 0.50% for TDIV.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (2.93 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.