FOF vs. TDIV

Last updated Apr 1, 2026

Compare and contrast key facts about Cohen & Steers Closed-End Opportunity Fund (FOF) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).

FOF is an actively managed fund by Cohen & Steers. It was launched on Nov 24, 2006. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012.

Performance

FOF vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Cohen & Steers Closed-End Opportunity Fund (FOF) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

FOF vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FOF Cohen & Steers Closed-End Opportunity Fund	-0.96%	13.01%	23.65%	17.90%	-22.69%	28.24%	1.52%	31.37%	-9.43%	23.41%
TDIV First Trust NASDAQ Technology Dividend Index Fund	-2.96%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%

Returns By Period

In the year-to-date period, FOF achieves a -0.96% return, which is significantly higher than TDIV's -2.96% return. Over the past 10 years, FOF has underperformed TDIV with an annualized return of 10.65%, while TDIV has yielded a comparatively higher 15.72% annualized return.

FOF

• 1D: 1.83%
• 1M: -10.52%
• YTD: -0.96%
• 6M: 2.28%
• 1Y: 15.30%
• 3Y*: 14.99%
• 5Y*: 8.04%
• 10Y*: 10.65%

TDIV

• 1D: 3.22%
• 1M: -4.89%
• YTD: -2.96%
• 6M: -4.22%
• 1Y: 29.11%
• 3Y*: 22.10%
• 5Y*: 13.44%
• 10Y*: 15.72%

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

FOF vs. TDIV - Expense Ratio Comparison

FOF has a 0.95% expense ratio, which is higher than TDIV's 0.50% expense ratio.

FOF

Cohen & Steers Closed-End Opportunity Fund

TDIV

First Trust NASDAQ Technology Dividend Index Fund

Return for Risk

FOF vs. TDIV — Risk / Return Rank

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

FOF

FOF Risk / Return Rank: 42
FOF Sharpe Ratio Rank: 40
FOF Sortino Ratio Rank: 43
FOF Omega Ratio Rank: 52
FOF Calmar Ratio Rank: 37
FOF Martin Ratio Rank: 38

TDIV

TDIV Risk / Return Rank: 77
TDIV Sharpe Ratio Rank: 73
TDIV Sortino Ratio Rank: 76
TDIV Omega Ratio Rank: 73
TDIV Calmar Ratio Rank: 83
TDIV Martin Ratio Rank: 78

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.

FOF vs. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Cohen & Steers Closed-End Opportunity Fund (FOF) 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.

	FOF	TDIV	Difference
Sharpe ratio Return per unit of total volatility	0.83	1.24	-0.42
Sortino ratio Return per unit of downside risk	1.27	1.87	-0.60
Omega ratio Gain probability vs. loss probability	1.21	1.26	-0.05
Calmar ratio Return relative to maximum drawdown	0.98	2.26	-1.27
Martin ratio Return relative to average drawdown	3.97	7.82	-3.85
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOF vs. TDIV - Sharpe Ratio Comparison

The current FOF Sharpe Ratio is 0.83, which is lower than the TDIV Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of FOF and TDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	FOF	TDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	1.24	-0.42
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.45	0.66	-0.21
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.53	0.76	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.31	0.76	-0.45

Correlation

The correlation between FOF and TDIV is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

FOF vs. TDIV - Dividend Comparison

FOF's dividend yield for the trailing twelve months is around 8.14%, more than TDIV's 1.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FOF Cohen & Steers Closed-End Opportunity Fund	8.14%	7.91%	8.22%	9.32%	9.99%	7.06%	8.41%	7.78%	9.41%	7.84%	8.90%	9.49%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.50%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Drawdowns

FOF vs. TDIV - Drawdown Comparison

The maximum FOF drawdown since its inception was -59.38%, which is greater than TDIV's maximum drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FOF and TDIV.

Drawdown Indicators

	FOF	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-59.38%	-31.97%	-27.41%
Max Drawdown (1Y) Largest decline over 1 year	-15.07%	-13.07%	-2.00%
Max Drawdown (5Y) Largest decline over 5 years	-29.96%	-31.97%	+2.01%
Max Drawdown (10Y) Largest decline over 10 years	-49.74%	-31.97%	-17.77%
Current Drawdown Current decline from peak	-13.52%	-7.87%	-5.65%
Average Drawdown Average peak-to-trough decline	-9.37%	-4.88%	-4.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	3.77%	-0.04%

Volatility

FOF vs. TDIV - Volatility Comparison

Cohen & Steers Closed-End Opportunity Fund (FOF) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 6.09% and 6.22%, 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.

Volatility by Period

	FOF	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	6.22%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	11.03%	13.70%	-2.67%
Volatility (1Y) Calculated over the trailing 1-year period	18.57%	23.52%	-4.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.99%	20.46%	-2.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.25%	20.73%	-0.48%