FFOG vs. FDL

Last updated Jul 14, 2026

FFOG (Franklin Focused Growth ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - FFOG is a Large Cap Growth Equities fund actively managed by Franklin Templeton, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. FFOG is actively managed, while FDL is passively managed. Over the past year, FFOG returned 13.73% vs 20.80% for FDL. At a correlation of -0.01, they often move in opposite directions. FFOG charges 0.55%/yr vs 0.43%/yr for FDL.

Performance

FFOG vs. FDL - Performance Comparison

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

Returns By Period

In the year-to-date period, FFOG achieves a 5.66% return, which is significantly lower than FDL's 15.23% return.

FFOG

• 1D: -2.58%
• 1M: -0.74%
• 6M: 4.00%
• YTD: 5.66%
• 1Y: 13.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: 0.80%
• 1M: -0.89%
• 6M: 12.56%
• YTD: 15.23%
• 1Y: 20.80%
• 3Y*: 18.71%
• 5Y*: 13.58%
• 10Y*: 10.76%

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

FFOG vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FFOG Franklin Focused Growth ETF	5.66%	17.09%	38.20%	12.25%
FDL First Trust Morningstar Dividend Leaders Index Fund	15.23%	14.79%	17.98%	8.79%

Correlation

The correlation between FFOG and FDL is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.23
Correlation (All Time) Calculated using the full available price history since Nov 6, 2023	-0.02

Over the past year, the inverse relationship between FFOG and FDL has strengthened: their correlation has moved from -0.01 to -0.23, meaning they now move in opposite directions more often than their long-term average.

FFOG vs. FDL - Sectors Allocation Comparison

Sectors	FFOG	FDL
Technology	57.4%	1.4%
Communication Services	13.0%	10.6%
Consumer Cyclical	12.0%	4.7%
Healthcare	6.3%	17.6%
Industrials	5.7%	3.9%
Financial Services	2.6%	15.2%
Utilities	1.6%	6.5%
Energy	0.7%	25.7%
Basic Materials	-	0.3%
Consumer Defensive	-	14.4%
Real Estate	-	-

Return for Risk

FFOG vs. FDL — Risk / Return Rank

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

FFOG

FFOG Risk / Return Rank: 21
FFOG Sharpe Ratio Rank: 22
FFOG Sortino Ratio Rank: 21
FFOG Omega Ratio Rank: 21
FFOG Calmar Ratio Rank: 19
FFOG Martin Ratio Rank: 20

FDL

FDL Risk / Return Rank: 76
FDL Sharpe Ratio Rank: 70
FDL Sortino Ratio Rank: 77
FDL Omega Ratio Rank: 65
FDL Calmar Ratio Rank: 92
FDL Martin Ratio Rank: 75

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.

FFOG vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Focused Growth ETF (FFOG) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.

	FFOG	FDL	Difference
Sharpe ratio: Return per unit of total volatility	0.62	1.80	-1.18
Sortino ratio: Return per unit of downside risk	0.95	2.72	-1.77
Omega ratio: Gain probability vs. loss probability	1.12	1.31	-0.19
Calmar ratio: Return relative to maximum drawdown	0.63	4.89	-4.26
Martin ratio: Return relative to average drawdown	1.83	11.11	-9.28

FFOG vs. FDL - Sharpe Ratio Comparison

The current FFOG Sharpe Ratio is 0.62, which is lower than the FDL Sharpe Ratio of 1.80. The chart below compares the historical Sharpe Ratios of FFOG and FDL, 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

FFOG vs. FDL - Drawdown Comparison

The maximum FFOG drawdown since its inception was -25.38%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for FFOG and FDL.

Drawdown Indicators

	FFOG	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-25.38%	-65.93%	+40.55%
Max Drawdown (1Y) Largest decline over 1 year	-21.90%	-4.27%	-17.63%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.24%	—
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	-5.45%	-0.89%	-4.56%
Average Drawdown Average peak-to-trough decline	-4.58%	-9.62%	+5.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.53%	1.88%	+5.65%

Volatility

FFOG vs. FDL - Volatility Comparison

Franklin Focused Growth ETF (FFOG) has a higher volatility of 9.47% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.65%. This indicates that FFOG's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFOG	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.47%	4.65%	+4.82%
Volatility (6M) Calculated over the trailing 6-month period	18.39%	8.37%	+10.02%
Volatility (1Y) Calculated over the trailing 1-year period	22.42%	11.65%	+10.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.28%	14.37%	+9.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.28%	17.12%	+7.16%

FFOG vs. FDL - Expense Ratio Comparison

FFOG has a 0.55% expense ratio, which is higher than FDL's 0.43% expense ratio.

Dividends

FFOG vs. FDL - Dividend Comparison

FFOG has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.68%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.68%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
FFOG Franklin Focused Growth ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FFOG and FDL in my portfolio?

FFOG and FDL have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFOG or FDL?

FFOG has higher volatility (9.47%) compared to FDL (4.65%). In terms of maximum drawdown, FFOG dropped -25.38% vs FDL's -65.93%.

Which ETF is better, FFOG or FDL?

On 1-year performance, FDL leads with 20.80% vs 13.73% for FFOG. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.65%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFOG or FDL?

Over the 1-year period, FDL has performed better with a 20.80% return vs 13.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFOG or FDL?

FDL is cheaper with a 0.43% expense ratio, compared with 0.55% for FFOG.

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

FDL has the higher dividend yield at 3.68%, compared with 0.00% for FFOG.

What is the main difference between FFOG and FDL?

FFOG is categorized as Large Cap Growth Equities, while FDL is Large Cap Value Equities. They also come from different issuers: Franklin Templeton and First Trust. Their fees differ too: 0.55% for FFOG and 0.43% for FDL.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (1.80 vs 0.62), 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.