GDV.TO vs. MDIV
Compare and contrast key facts about Global Dividend Growth Split Corp. (GDV.TO) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
MDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Multi-Asset Diversified Income Index. It was launched on Aug 14, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GDV.TO or MDIV.
Key characteristics
| GDV.TO | MDIV | |
|---|---|---|
| YTD Return | 36.25% | 9.82% |
| 1Y Return | 48.98% | 16.90% |
| 3Y Return (Ann) | 7.52% | 5.63% |
| 5Y Return (Ann) | 12.23% | 3.63% |
| Sharpe Ratio | 3.69 | 2.26 |
| Sortino Ratio | 4.79 | 3.39 |
| Omega Ratio | 1.67 | 1.44 |
| Calmar Ratio | 2.33 | 3.58 |
| Martin Ratio | 34.44 | 18.44 |
| Ulcer Index | 1.46% | 1.01% |
| Daily Std Dev | 13.63% | 8.15% |
| Max Drawdown | -58.15% | -48.51% |
| Current Drawdown | -4.68% | -1.97% |
Correlation
The correlation between GDV.TO and MDIV is 0.45, 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.
Performance
GDV.TO vs. MDIV - Performance Comparison
In the year-to-date period, GDV.TO achieves a 36.25% return, which is significantly higher than MDIV's 9.82% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GDV.TO vs. MDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global Dividend Growth Split Corp. (GDV.TO) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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.
Dividends
GDV.TO vs. MDIV - Dividend Comparison
GDV.TO's dividend yield for the trailing twelve months is around 10.97%, more than MDIV's 6.44% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GDV.TO Global Dividend Growth Split Corp. | 10.97% | 13.54% | 11.21% | 9.49% | 11.43% | 10.70% | 7.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.44% | 6.47% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 6.16% | 5.73% | 5.67% |
Drawdowns
GDV.TO vs. MDIV - Drawdown Comparison
The maximum GDV.TO drawdown since its inception was -58.15%, which is greater than MDIV's maximum drawdown of -48.51%. Use the drawdown chart below to compare losses from any high point for GDV.TO and MDIV. For additional features, visit the drawdowns tool.
Volatility
GDV.TO vs. MDIV - Volatility Comparison
Global Dividend Growth Split Corp. (GDV.TO) has a higher volatility of 4.10% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 1.96%. This indicates that GDV.TO's price experiences larger fluctuations and is considered to be riskier than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.