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HYLS vs. TDIV
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HYLS vs. TDIV

Last updated Jun 4, 2026

HYLS (First Trust Tactical High Yield ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - HYLS is a High Yield Bonds fund actively managed by First Trust, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. HYLS is actively managed, while TDIV is passively managed. Over the past 10 years, HYLS returned 4.35%/yr vs 19.34%/yr for TDIV. A 0.52 correlation means they provide meaningful diversification when combined. HYLS charges 1.01%/yr vs 0.50%/yr for TDIV.

Performance

HYLS vs. TDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Tactical High Yield ETF (HYLS) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, HYLS achieves a 0.28% return, which is significantly lower than TDIV's 30.57% return. Over the past 10 years, HYLS has underperformed TDIV with an annualized return of 4.35%, while TDIV has yielded a comparatively higher 19.34% annualized return.

HYLS

1D
-0.17%
1M
0.39%
YTD
0.28%
6M
0.70%
1Y
5.37%
3Y*
7.73%
5Y*
2.94%
10Y*
4.35%

TDIV

1D
-1.79%
1M
15.82%
YTD
30.57%
6M
28.79%
1Y
53.63%
3Y*
33.27%
5Y*
19.29%
10Y*
19.34%
*Multi-year figures are annualized to reflect compound growth (CAGR)

HYLS vs. TDIV - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
HYLS
First Trust Tactical High Yield ETF		0.28%8.00%5.85%13.66%-12.83%3.69%5.32%14.66%-2.46%6.39%
TDIV
First Trust NASDAQ Technology Dividend Index Fund		30.57%25.27%24.43%36.71%-22.13%29.49%17.55%33.27%-3.18%21.95%

Correlation

The correlation between HYLS and TDIV is 0.56, 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

0.56

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.57

Correlation (All Time)
Calculated using the full available price history since Feb 28, 2013

0.52

The correlation between HYLS and TDIV has been stable across timeframes, ranging from 0.50 to 0.57 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

First Trust Tactical High Yield ETF

First Trust NASDAQ Technology Dividend Index Fund

Often compared with HYLS:
HYLS vs. HYUPHYLS vs. EIFAXHYLS vs. FFTWXHYLS vs. HYGHHYLS vs. HYGHYLS vs. VOOHYLS vs. SCHD
Often compared with TDIV:
TDIV vs. TDVTDIV vs. SCHDTDIV vs. DDIVTDIV vs. ETGTDIV vs. QQQTDIV vs. SPYDTDIV vs. TDVI

Return for Risk

HYLS vs. TDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
HYLS
HYLS Risk / Return Rank: 4444
Overall Rank
HYLS Sharpe Ratio Rank: 4444
Sharpe Ratio Rank
HYLS Sortino Ratio Rank: 4848
Sortino Ratio Rank
HYLS Omega Ratio Rank: 4646
Omega Ratio Rank
HYLS Calmar Ratio Rank: 3535
Calmar Ratio Rank
HYLS Martin Ratio Rank: 4545
Martin Ratio Rank
TDIV
TDIV Risk / Return Rank: 8383
Overall Rank
TDIV Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
TDIV Sortino Ratio Rank: 8484
Sortino Ratio Rank
TDIV Omega Ratio Rank: 8080
Omega Ratio Rank
TDIV Calmar Ratio Rank: 8787
Calmar Ratio Rank
TDIV Martin Ratio Rank: 7979
Martin Ratio Rank
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.

HYLS vs. TDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust Tactical High Yield ETF (HYLS) 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.

HYLSTDIVDifference
Sharpe ratioReturn per unit of total volatility
1.54
2.93

-1.39

Sortino ratioReturn per unit of downside risk
2.38
3.85

-1.46

Omega ratioGain probability vs. loss probability

1.29

1.49

-0.20

Calmar ratioReturn relative to maximum drawdown

1.74

5.02

-3.27

Martin ratioReturn relative to average drawdown

7.42

15.64

-8.22

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HYLS vs. TDIV - Sharpe Ratio Comparison

The current HYLS Sharpe Ratio is 1.54, which is lower than the TDIV Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of HYLS and TDIV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

HYLSTDIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.54

2.93

-1.39

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.45

0.94

-0.49

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.65

0.93

-0.28

Sharpe Ratio (All Time)

Calculated using the full available price history

0.68

0.88

-0.20

Drawdowns

HYLS vs. TDIV - Drawdown Comparison

The maximum HYLS drawdown since its inception was -22.99%, smaller than the maximum TDIV drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for HYLS and TDIV.

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Drawdown Indicators

HYLSTDIVDifference

Max Drawdown

Largest peak-to-trough decline

-22.99%

-31.97%

+8.98%

Max Drawdown (1Y)

Largest decline over 1 year

-3.09%

-10.74%

+7.65%

Max Drawdown (3Y)

Largest decline over 3 years

-3.96%

-23.00%

+19.04%

Max Drawdown (5Y)

Largest decline over 5 years

-15.75%

-31.97%

+16.22%

Max Drawdown (10Y)

Largest decline over 10 years

-22.99%

-31.97%

+8.98%

Current Drawdown

Current decline from peak

-0.20%

-1.79%

+1.59%

Average Drawdown

Average peak-to-trough decline

-2.15%

-4.84%

+2.69%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.73%

3.44%

-2.71%

Volatility

HYLS vs. TDIV - Volatility Comparison

The current volatility for First Trust Tactical High Yield ETF (HYLS) is 1.16%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 6.86%. This indicates that HYLS 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

HYLSTDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.16%

6.86%

-5.70%

Volatility (6M)

Calculated over the trailing 6-month period

2.90%

13.91%

-11.01%

Volatility (1Y)

Calculated over the trailing 1-year period

3.51%

18.47%

-14.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

6.62%

20.67%

-14.05%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

6.70%

20.85%

-14.15%

HYLS vs. TDIV - Expense Ratio Comparison

HYLS has a 1.01% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

HYLS vs. TDIV - Dividend Comparison

HYLS's dividend yield for the trailing twelve months is around 6.70%, more than TDIV's 1.12% yield.

PositionTTM20252024202320222021202020192018201720162015
HYLS
First Trust Tactical High Yield ETF		6.70%6.38%6.25%5.98%7.38%5.48%5.09%5.17%5.81%5.53%5.37%6.11%
TDIV
First Trust NASDAQ Technology Dividend Index Fund		1.12%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

HYLS and TDIV have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

TDIV has higher volatility (6.86%) compared to HYLS (1.16%). In terms of maximum drawdown, HYLS dropped -22.99% vs TDIV's -31.97%.

On 10-year performance, TDIV leads with 19.34% vs 4.35% for HYLS. On fees, TDIV is cheaper at 0.50% per year. On volatility, HYLS has been the lower-risk option at 1.16%. 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 19.34% return vs 4.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

TDIV is cheaper with a 0.50% expense ratio, compared with 1.01% for HYLS.

HYLS has the higher dividend yield at 6.70%, compared with 1.12% for TDIV.

HYLS is categorized as High Yield Bonds, while TDIV is Technology Equities. Their fees differ too: 1.01% for HYLS and 0.50% for TDIV.

TDIV currently has the higher Sharpe Ratio (2.93 vs 1.54), 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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