FTSM vs. TDIV
FTSM (First Trust Enhanced Short Maturity ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - FTSM is a Ultrashort Bond fund actively managed by First Trust, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. FTSM is actively managed, while TDIV is passively managed. Over the past 10 years, FTSM returned 2.56%/yr vs 18.80%/yr for TDIV. At a 0.04 correlation, their price movements are largely independent. FTSM charges 0.44%/yr vs 0.50%/yr for TDIV.
Performance
FTSM vs. TDIV - Performance Comparison
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Returns By Period
In the year-to-date period, FTSM achieves a 1.64% return, which is significantly lower than TDIV's 18.34% return. Over the past 10 years, FTSM has underperformed TDIV with an annualized return of 2.56%, while TDIV has yielded a comparatively higher 18.80% annualized return.
FTSM
- 1D
- 0.01%
- 1M
- 0.28%
- YTD
- 1.64%
- 6M
- 1.76%
- 1Y
- 4.03%
- 3Y*
- 4.83%
- 5Y*
- 3.50%
- 10Y*
- 2.56%
TDIV
- 1D
- 0.27%
- 1M
- -3.07%
- YTD
- 18.34%
- 6M
- 16.95%
- 1Y
- 30.30%
- 3Y*
- 28.15%
- 5Y*
- 17.11%
- 10Y*
- 18.80%
FTSM vs. TDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 1.64% | 4.66% | 5.22% | 5.12% | 1.02% | -0.01% | 1.12% | 2.82% | 1.94% | 1.57% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 18.34% | 25.27% | 24.43% | 36.71% | -22.13% | 29.49% | 17.55% | 33.27% | -3.18% | 21.95% |
Correlation
The correlation between FTSM and TDIV is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.04 |
Correlation (All Time) Calculated using the full available price history since Aug 6, 2014 | 0.04 |
The correlation between FTSM and TDIV shifts across timeframes, from 0.04 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
FTSM vs. TDIV — Risk / Return Rank
FTSM
TDIV
FTSM vs. TDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Enhanced Short Maturity ETF (FTSM) 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.
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.
| FTSM | TDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +6.91 | ||
| Sortino ratioReturn per unit of downside risk | +17.23 | ||
| Omega ratioGain probability vs. loss probability | 4.15 | 1.27 | +2.88 |
| Calmar ratioReturn relative to maximum drawdown | 34.69 | 2.68 | +32.00 |
| Martin ratioReturn relative to average drawdown | 170.75 | 7.40 | +163.35 |
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Drawdowns
FTSM vs. TDIV - Drawdown Comparison
The maximum FTSM drawdown since its inception was -4.12%, smaller than the maximum TDIV drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for FTSM and TDIV.
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Drawdown Indicators
| FTSM | TDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -4.12% | -31.97% | +27.85% |
Max Drawdown (1Y)Largest decline over 1 year | -0.12% | -11.35% | +11.23% |
Max Drawdown (3Y)Largest decline over 3 years | -0.15% | -23.00% | +22.85% |
Max Drawdown (5Y)Largest decline over 5 years | -0.65% | -31.97% | +31.32% |
Max Drawdown (10Y)Largest decline over 10 years | -4.12% | -31.97% | +27.85% |
Current DrawdownCurrent decline from peak | 0.00% | -10.99% | +10.99% |
Average DrawdownAverage peak-to-trough decline | -0.22% | -4.86% | +4.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.02% | 4.10% | -4.08% |
Volatility
FTSM vs. TDIV - Volatility Comparison
The current volatility for First Trust Enhanced Short Maturity ETF (FTSM) is 0.15%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 10.08%. This indicates that FTSM 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.
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Volatility by Period
| FTSM | TDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.15% | 10.08% | -9.93% |
Volatility (6M)Calculated over the trailing 6-month period | 0.37% | 15.68% | -15.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.48% | 19.88% | -19.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.50% | 20.97% | -20.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.88% | 20.96% | -20.08% |
FTSM vs. TDIV - Expense Ratio Comparison
FTSM has a 0.44% expense ratio, which is lower than TDIV's 0.50% expense ratio.
Dividends
FTSM vs. TDIV - Dividend Comparison
FTSM's dividend yield for the trailing twelve months is around 4.15%, more than TDIV's 1.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTSM First Trust Enhanced Short Maturity ETF | 4.15% | 4.28% | 4.91% | 4.62% | 1.62% | 0.39% | 1.20% | 2.38% | 2.14% | 1.49% | 1.03% | 0.48% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.61% | 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
FTSM and TDIV have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDIV has higher volatility (10.08%) compared to FTSM (0.15%). In terms of maximum drawdown, FTSM dropped -4.12% vs TDIV's -31.97%.
On 10-year performance, TDIV leads with 18.80% vs 2.56% for FTSM. On fees, FTSM is cheaper at 0.44% per year. On volatility, FTSM has been the lower-risk option at 0.15%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, TDIV has performed better with a 18.80% return vs 2.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FTSM is cheaper with a 0.44% expense ratio, compared with 0.50% for TDIV.
FTSM has the higher dividend yield at 4.15%, compared with 1.61% for TDIV.
FTSM is categorized as Ultrashort Bond, while TDIV is Technology Equities. Their fees differ too: 0.44% for FTSM and 0.50% for TDIV.
FTSM currently has the higher Sharpe Ratio (8.45 vs 1.53), 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.
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