FTRI vs. FDL

Last updated Apr 1, 2026

Compare and contrast key facts about First Trust Indxx Global Natural Resources Income ETF (FTRI) and First Trust Morningstar Dividend Leaders Index Fund (FDL).

FTRI and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTRI is a passively managed fund by First Trust that tracks the performance of the Indxx Global Natural Resources Income Index. It was launched on Mar 11, 2010. 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. Both FTRI and FDL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

FTRI vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Indxx Global Natural Resources Income ETF (FTRI) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

FTRI vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FTRI First Trust Indxx Global Natural Resources Income ETF	14.35%	33.62%	-3.93%	1.53%	7.49%	25.29%	-0.79%	21.97%	-8.34%	11.77%
FDL First Trust Morningstar Dividend Leaders Index Fund	15.49%	14.79%	17.98%	2.94%	6.66%	26.10%	-4.30%	24.41%	-5.99%	12.02%

Returns By Period

In the year-to-date period, FTRI achieves a 14.35% return, which is significantly lower than FDL's 15.49% return. Both investments have delivered pretty close results over the past 10 years, with FTRI having a 11.48% annualized return and FDL not far ahead at 11.60%.

FTRI

• 1D: 1.91%
• 1M: -5.92%
• YTD: 14.35%
• 6M: 18.78%
• 1Y: 38.47%
• 3Y*: 15.03%
• 5Y*: 11.80%
• 10Y*: 11.48%

FDL

• 1D: 0.43%
• 1M: 0.01%
• YTD: 15.49%
• 6M: 19.42%
• 1Y: 21.84%
• 3Y*: 18.00%
• 5Y*: 14.12%
• 10Y*: 11.60%

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

FTRI vs. FDL - Expense Ratio Comparison

FTRI has a 0.70% expense ratio, which is higher than FDL's 0.45% expense ratio.

FTRI

First Trust Indxx Global Natural Resources Income ETF

FDL

First Trust Morningstar Dividend Leaders Index Fund

Return for Risk

FTRI vs. FDL — Risk / Return Rank

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

FTRI

FTRI Risk / Return Rank: 89
FTRI Sharpe Ratio Rank: 89
FTRI Sortino Ratio Rank: 88
FTRI Omega Ratio Rank: 87
FTRI Calmar Ratio Rank: 89
FTRI Martin Ratio Rank: 92

FDL

FDL Risk / Return Rank: 79
FDL Sharpe Ratio Rank: 81
FDL Sortino Ratio Rank: 82
FDL Omega Ratio Rank: 79
FDL Calmar Ratio Rank: 77
FDL Martin Ratio Rank: 76

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.

FTRI vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Indxx Global Natural Resources Income ETF (FTRI) 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.

	FTRI	FDL	Difference
Sharpe ratio Return per unit of total volatility	1.89	1.47	+0.41
Sortino ratio Return per unit of downside risk	2.41	2.06	+0.36
Omega ratio Gain probability vs. loss probability	1.35	1.29	+0.07
Calmar ratio Return relative to maximum drawdown	2.88	1.96	+0.92
Martin ratio Return relative to average drawdown	12.58	7.63	+4.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FTRI vs. FDL - Sharpe Ratio Comparison

The current FTRI Sharpe Ratio is 1.89, which is comparable to the FDL Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of FTRI and FDL, 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

	FTRI	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	1.47	+0.41
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.57	0.99	-0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	0.68	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.46	+0.04

Correlation

The correlation between FTRI and FDL is 0.57, 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

FTRI vs. FDL - Dividend Comparison

FTRI's dividend yield for the trailing twelve months is around 2.27%, less than FDL's 3.61% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FTRI First Trust Indxx Global Natural Resources Income ETF	2.27%	2.35%	4.29%	6.56%	8.37%	6.58%	3.64%	6.25%	4.24%	3.60%	2.96%	0.89%
FDL First Trust Morningstar Dividend Leaders Index Fund	3.61%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%

Drawdowns

FTRI vs. FDL - Drawdown Comparison

The maximum FTRI drawdown since its inception was -43.82%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for FTRI and FDL.

Drawdown Indicators

	FTRI	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-43.82%	-65.93%	+22.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.48%	-11.58%	-1.90%
Max Drawdown (5Y) Largest decline over 5 years	-27.51%	-16.46%	-11.05%
Max Drawdown (10Y) Largest decline over 10 years	-43.82%	-41.40%	-2.42%
Current Drawdown Current decline from peak	-6.25%	-0.10%	-6.15%
Average Drawdown Average peak-to-trough decline	-8.49%	-9.73%	+1.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.08%	3.10%	-0.02%

Volatility

FTRI vs. FDL - Volatility Comparison

First Trust Indxx Global Natural Resources Income ETF (FTRI) has a higher volatility of 7.03% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.56%. This indicates that FTRI'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

	FTRI	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.03%	2.56%	+4.47%
Volatility (6M) Calculated over the trailing 6-month period	14.48%	8.16%	+6.32%
Volatility (1Y) Calculated over the trailing 1-year period	20.48%	14.96%	+5.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.92%	14.31%	+6.61%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.32%	17.09%	+5.23%