GYLD vs. MDIV
Compare and contrast key facts about Arrow Dow Jones Global Yield ETF (GYLD) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
GYLD and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. GYLD is a passively managed fund by Arrow Funds that tracks the performance of the DJ Brookfield Global Infrastructure Composite Yield. It was launched on May 8, 2012. 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. Both GYLD and MDIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GYLD or MDIV.
Correlation
The correlation between GYLD and MDIV is 0.54, 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
GYLD vs. MDIV - Performance Comparison
Key characteristics
GYLD:
1.04
MDIV:
1.98
GYLD:
1.45
MDIV:
2.79
GYLD:
1.19
MDIV:
1.37
GYLD:
0.93
MDIV:
2.94
GYLD:
3.49
MDIV:
9.48
GYLD:
3.14%
MDIV:
1.61%
GYLD:
10.57%
MDIV:
7.71%
GYLD:
-54.11%
MDIV:
-48.51%
GYLD:
-2.46%
MDIV:
-1.51%
Returns By Period
In the year-to-date period, GYLD achieves a 6.03% return, which is significantly higher than MDIV's 2.65% return. Over the past 10 years, GYLD has underperformed MDIV with an annualized return of 0.62%, while MDIV has yielded a comparatively higher 3.56% annualized return.
GYLD
6.03%
3.52%
3.02%
9.94%
3.64%
0.62%
MDIV
2.65%
0.65%
4.36%
13.37%
4.22%
3.56%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
GYLD vs. MDIV - Expense Ratio Comparison
GYLD has a 0.75% expense ratio, which is higher than MDIV's 0.73% expense ratio.
Risk-Adjusted Performance
GYLD vs. MDIV — Risk-Adjusted Performance Rank
GYLD
MDIV
GYLD vs. MDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Arrow Dow Jones Global Yield ETF (GYLD) 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
GYLD vs. MDIV - Dividend Comparison
GYLD's dividend yield for the trailing twelve months is around 11.00%, more than MDIV's 6.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 11.00% | 11.74% | 7.13% | 4.65% | 5.51% | 7.43% | 7.82% | 8.17% | 6.78% | 7.30% | 10.36% | 7.94% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.22% | 6.40% | 6.47% | 6.70% | 5.31% | 6.01% | 5.91% | 6.76% | 6.05% | 6.36% | 6.16% | 5.74% |
Drawdowns
GYLD vs. MDIV - Drawdown Comparison
The maximum GYLD drawdown since its inception was -54.11%, which is greater than MDIV's maximum drawdown of -48.51%. Use the drawdown chart below to compare losses from any high point for GYLD and MDIV. For additional features, visit the drawdowns tool.
Volatility
GYLD vs. MDIV - Volatility Comparison
Arrow Dow Jones Global Yield ETF (GYLD) has a higher volatility of 3.55% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 2.48%. This indicates that GYLD'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.