FN vs. FDL

Last updated Aug 1, 2026

FN (Fabrinet) is a stock, while FDL (First Trust Morningstar Dividend Leaders Index Fund) is Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Over the past 10 years, FN returned 28.66%/yr vs 11.09%/yr for FDL. Their 0.31 correlation means their historical movements had little consistent relationship.

Performance

FN vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fabrinet (FN) 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, FN achieves a -4.36% return, which is significantly lower than FDL's 18.16% return. Over the past 10 years, FN has outperformed FDL with an annualized return of 28.66%, while FDL has yielded a comparatively lower 11.09% annualized return.

FN

• 1D: -0.89%
• 1M: -12.85%
• 6M: -11.04%
• YTD: -4.36%
• 1Y: 38.14%
• 3Y*: 52.15%
• 5Y*: 35.73%
• 10Y*: 28.66%
• ALL TIME*: 25.71%

FDL

• 1D: 0.02%
• 1M: 3.27%
• 6M: 9.50%
• YTD: 18.16%
• 1Y: 27.65%
• 3Y*: 18.28%
• 5Y*: 13.98%
• 10Y*: 11.09%
• ALL TIME*: 8.94%

*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	$52.24M	$50.06M	$42.95M
FN Fabrinet	$369.31M	$374.33M	$584.37M

FN vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FN Fabrinet	-4.36%	107.06%	15.53%	48.44%	8.23%	52.69%	19.66%	26.37%	78.78%	-28.78%
FDL First Trust Morningstar Dividend Leaders Index Fund	18.16%	14.79%	17.98%	2.94%	6.66%	26.10%	-4.30%	24.41%	-5.99%	12.02%

Correlation

The correlation between FN and FDL is -0.14, 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.	-0.14
Correlation (3Y) Balances recent behavior with more history.	0.07
Correlation (5Y) Shows whether the relationship held over a longer period.	0.22
Correlation (10Y) Provides a long-term view across more market conditions.	0.29
Correlation (All Time) Calculated using the full available price history since Jun 25, 2010	0.31

The correlation between FN and FDL shifts across timeframes, from -0.14 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

FN vs. FDL — Risk / Return Rank

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

FN

FN Risk / Return Rank: 63
FN Sharpe Ratio Rank: 62
FN Sortino Ratio Rank: 61
FN Omega Ratio Rank: 60
FN Calmar Ratio Rank: 63
FN Martin Ratio Rank: 67

FDL

FDL Risk / Return Rank: 92
FDL Sharpe Ratio Rank: 90
FDL Sortino Ratio Rank: 92
FDL Omega Ratio Rank: 88
FDL Calmar Ratio Rank: 96
FDL Martin Ratio Rank: 91

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.

FN vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fabrinet (FN) 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.

	FN	FDL	Difference
Sharpe ratio: Return per unit of total volatility	0.49	2.26	-1.77
Sortino ratio: Return per unit of downside risk	1.10	3.41	-2.31
Omega ratio: Gain probability vs. loss probability	1.14	1.39	-0.26
Calmar ratio: Return relative to maximum drawdown	0.78	6.29	-5.51
Martin ratio: Return relative to average drawdown	2.36	14.86	-12.50

FN vs. FDL - Sharpe Ratio Comparison

The current FN Sharpe Ratio is 0.49, which is lower than the FDL Sharpe Ratio of 2.26. The chart below compares the historical Sharpe Ratios of FN 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

FN vs. FDL - Drawdown Comparison

The maximum FN drawdown since its inception was -70.46%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for FN and FDL.

Drawdown Indicators

	FN	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-70.46%	-65.93%	-4.53%
Max Drawdown (1Y) Largest decline over 1 year	-44.47%	-4.27%	-40.20%
Max Drawdown (3Y) Largest decline over 3 years	-44.47%	-12.24%	-32.23%
Max Drawdown (5Y) Largest decline over 5 years	-44.47%	-16.46%	-28.01%
Max Drawdown (10Y) Largest decline over 10 years	-51.11%	-41.40%	-9.71%
Current Drawdown Current decline from peak	-41.67%	-1.96%	-39.71%
Average Drawdown Average peak-to-trough decline	-22.65%	-9.59%	-13.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	14.68%	1.81%	+12.87%

Volatility

FN vs. FDL - Volatility Comparison

Fabrinet (FN) has a higher volatility of 20.97% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.96%. This indicates that FN'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

	FN	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	20.97%	4.96%	+16.01%
Volatility (6M) Calculated over the trailing 6-month period	58.26%	8.97%	+49.29%
Volatility (1Y) Calculated over the trailing 1-year period	71.07%	11.95%	+59.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	54.89%	14.44%	+40.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	48.81%	17.16%	+31.65%

Dividends

FN vs. FDL - Dividend Comparison

FN has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.59%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.59%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
FN Fabrinet	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 FN and FDL in my portfolio?

FN and FDL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FN or FDL?

FN has higher volatility (20.97%) compared to FDL (4.96%). In terms of maximum drawdown, FN dropped -70.46% vs FDL's -65.93%.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (2.26 vs 0.49), 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.