FVD vs. RDIV

Last updated Jun 4, 2026

FVD (First Trust Value Line Dividend Index Fund) and RDIV (Invesco S&P Ultra Dividend Revenue ETF) are both Mid Cap Value Equities funds - FVD tracks the Value Line Dividend Index while RDIV tracks the S&P 900 Dividend Revenue-Weighted Index. Both are passively managed. Over the past 10 years, FVD returned 8.30%/yr vs 10.95%/yr for RDIV. Their correlation of 0.81 suggests significant overlap in exposure. FVD charges 0.61%/yr vs 0.39%/yr for RDIV.

Performance

FVD vs. RDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Value Line Dividend Index Fund (FVD) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FVD achieves a 2.21% return, which is significantly lower than RDIV's 11.95% return. Over the past 10 years, FVD has underperformed RDIV with an annualized return of 8.30%, while RDIV has yielded a comparatively higher 10.95% annualized return.

FVD

• 1D: -0.59%
• 1M: -1.04%
• YTD: 2.21%
• 6M: 2.80%
• 1Y: 6.84%
• 3Y*: 8.25%
• 5Y*: 5.20%
• 10Y*: 8.30%

RDIV

• 1D: -1.30%
• 1M: 2.29%
• YTD: 11.95%
• 6M: 11.03%
• 1Y: 27.04%
• 3Y*: 19.26%
• 5Y*: 10.04%
• 10Y*: 10.95%

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

FVD vs. RDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FVD First Trust Value Line Dividend Index Fund	2.21%	8.16%	10.04%	4.11%	-5.18%	25.08%	-0.02%	26.58%	-3.49%	12.51%
RDIV Invesco S&P Ultra Dividend Revenue ETF	11.95%	12.36%	15.17%	4.66%	7.16%	29.12%	-9.31%	22.62%	-4.78%	11.63%

Correlation

The correlation between FVD and RDIV is 0.72, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.81
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013	0.81

The correlation between FVD and RDIV shifts across timeframes, from 0.72 (1 year) to 0.83 (5 years), reflecting how their relationship changes across market environments.

FVD vs. RDIV - Sectors Allocation Comparison

Sectors	FVD	RDIV
Financial Services	19.1%	18.0%
Utilities	18.4%	6.4%
Industrials	14.2%	-
Consumer Defensive	11.6%	15.9%
Real Estate	8.1%	8.0%
Healthcare	7.8%	7.8%
Technology	6.1%	5.1%
Consumer Cyclical	5.6%	9.5%
Energy	4.0%	28.8%
Communication Services	3.0%	-
Basic Materials	2.1%	0.5%

Return for Risk

FVD vs. RDIV — Risk / Return Rank

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

FVD

FVD Risk / Return Rank: 21
FVD Sharpe Ratio Rank: 21
FVD Sortino Ratio Rank: 21
FVD Omega Ratio Rank: 19
FVD Calmar Ratio Rank: 21
FVD Martin Ratio Rank: 21

RDIV

RDIV Risk / Return Rank: 71
RDIV Sharpe Ratio Rank: 60
RDIV Sortino Ratio Rank: 65
RDIV Omega Ratio Rank: 57
RDIV Calmar Ratio Rank: 90
RDIV Martin Ratio Rank: 81

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.

FVD vs. RDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Value Line Dividend Index Fund (FVD) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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.

	FVD	RDIV	Difference
Sharpe ratio: Return per unit of total volatility	0.72	2.06	-1.33
Sortino ratio: Return per unit of downside risk	1.12	3.07	-1.96
Omega ratio: Gain probability vs. loss probability	1.13	1.36	-0.23
Calmar ratio: Return relative to maximum drawdown	0.95	5.61	-4.66
Martin ratio: Return relative to average drawdown	2.58	16.50	-13.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FVD vs. RDIV - Sharpe Ratio Comparison

The current FVD Sharpe Ratio is 0.72, which is lower than the RDIV Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of FVD and RDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FVD	RDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.72	2.06	-1.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.58	-0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.54	0.50	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.55	+0.03

Drawdowns

FVD vs. RDIV - Drawdown Comparison

The maximum FVD drawdown since its inception was -51.00%, roughly equal to the maximum RDIV drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for FVD and RDIV.

Drawdown Indicators

	FVD	RDIV	Difference
Max Drawdown Largest peak-to-trough decline	-51.00%	-49.97%	-1.03%
Max Drawdown (1Y) Largest decline over 1 year	-7.23%	-4.84%	-2.39%
Max Drawdown (3Y) Largest decline over 3 years	-11.97%	-17.91%	+5.94%
Max Drawdown (5Y) Largest decline over 5 years	-16.41%	-24.89%	+8.48%
Max Drawdown (10Y) Largest decline over 10 years	-35.25%	-49.97%	+14.72%
Current Drawdown Current decline from peak	-5.96%	-1.65%	-4.31%
Average Drawdown Average peak-to-trough decline	-5.44%	-5.86%	+0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.66%	1.65%	+1.01%

Volatility

FVD vs. RDIV - Volatility Comparison

The current volatility for First Trust Value Line Dividend Index Fund (FVD) is 2.62%, while Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a volatility of 3.46%. This indicates that FVD experiences smaller price fluctuations and is considered to be less risky than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FVD	RDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.62%	3.46%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	6.73%	8.62%	-1.89%
Volatility (1Y) Calculated over the trailing 1-year period	9.50%	13.23%	-3.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.76%	17.53%	-4.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.44%	21.89%	-6.45%

FVD vs. RDIV - Expense Ratio Comparison

FVD has a 0.61% expense ratio, which is higher than RDIV's 0.39% expense ratio.

Dividends

FVD vs. RDIV - Dividend Comparison

FVD's dividend yield for the trailing twelve months is around 2.31%, less than RDIV's 3.66% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FVD First Trust Value Line Dividend Index Fund	2.31%	2.36%	2.23%	2.34%	2.20%	1.75%	2.31%	2.03%	2.50%	2.10%	2.04%	2.34%
RDIV Invesco S&P Ultra Dividend Revenue ETF	3.66%	3.94%	4.08%	3.93%	3.44%	3.31%	4.93%	3.84%	4.32%	4.26%	2.20%	4.49%

Frequently Asked Questions

Can I hold both FVD and RDIV in my portfolio?

FVD and RDIV have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FVD or RDIV?

RDIV has higher volatility (3.46%) compared to FVD (2.62%). In terms of maximum drawdown, FVD dropped -51.00% vs RDIV's -49.97%.

Which ETF is better, FVD or RDIV?

On 10-year performance, RDIV leads with 10.95% vs 8.30% for FVD. On fees, RDIV is cheaper at 0.39% per year. On volatility, FVD has been the lower-risk option at 2.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FVD or RDIV?

Over the 10-year period, RDIV has performed better with a 10.95% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FVD or RDIV?

RDIV is cheaper with a 0.39% expense ratio, compared with 0.61% for FVD.

Which ETF pays a higher dividend yield, FVD or RDIV?

RDIV has the higher dividend yield at 3.66%, compared with 2.31% for FVD.

What is the main difference between FVD and RDIV?

FVD tracks Value Line Dividend Index, while RDIV tracks S&P 900 Dividend Revenue-Weighted Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.61% for FVD and 0.39% for RDIV.

Which has better risk-adjusted returns?

RDIV currently has the higher Sharpe Ratio (2.06 vs 0.72), 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.