IDVY vs. FDL

Last updated Aug 2, 2026

IDVY (First Trust International Rising Dividend Achievers ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - IDVY is a Dividend fund tracking the Nasdaq International Rising Dividend Achievers Index, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. Their -0.11 correlation means they have often moved in opposite directions in the past. IDVY charges 0.60%/yr vs 0.43%/yr for FDL.

Performance

IDVY vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust International Rising Dividend Achievers ETF (IDVY) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

IDVY

• 1D: -0.98%
• 1M: 1.10%
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FDL

• 1D: 0.02%
• 1M: 3.27%
• 6M: 9.50%
• YTD: 18.16%
• 1Y: 27.65%
• 3Y*: 18.28%
• 5Y*: 13.98%
• 10Y*: 11.09%
• ALL TIME*: 8.94%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDL First Trust Morningstar Dividend Leaders Index Fund	$52.24M	$50.06M	$42.95M
IDVY First Trust International Rising Dividend Achievers ETF	$6.05K	$7.55K	$5.39K

IDVY vs. FDL - Yearly Performance Comparison

	2026 (YTD)
IDVY First Trust International Rising Dividend Achievers ETF	4.34%
FDL First Trust Morningstar Dividend Leaders Index Fund	3.89%

Correlation

The correlation between IDVY and FDL is -0.11, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (All Time) Calculated using the full available price history since Feb 11, 2026	-0.11

IDVY vs. FDL - Sectors Allocation Comparison

Sectors	IDVY	FDL
Financial Services	32.9%	13.7%
Industrials	29.9%	3.6%
Consumer Cyclical	14.3%	4.4%
Technology	9.8%	4.3%
Consumer Defensive	3.1%	24.3%
Healthcare	2.7%	11.7%
Basic Materials	2.5%	0.4%
Communication Services	1.7%	11.2%
Energy	1.5%	11.1%
Utilities	0.9%	15.4%
Real Estate	0.8%	-

Return for Risk

IDVY vs. FDL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

IDVY

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

FDL

FDL Risk / Return Rank: 92
FDL Sharpe Ratio Rank: 90
FDL Sortino Ratio Rank: 92
FDL Omega Ratio Rank: 88
FDL Calmar Ratio Rank: 96
FDL Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

IDVY vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust International Rising Dividend Achievers ETF (IDVY) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.

	IDVY	FDL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.26	—
Sortino ratio: Return per unit of downside risk	—	3.41	—
Omega ratio: Gain probability vs. loss probability	—	1.39	—
Calmar ratio: Return relative to maximum drawdown	—	6.29	—
Martin ratio: Return relative to average drawdown	—	14.86	—

Drawdowns

IDVY vs. FDL - Drawdown Comparison

The maximum IDVY drawdown since its inception was -13.52%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for IDVY and FDL.

Drawdown Indicators

	IDVY	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-13.52%	-65.93%	+52.41%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.27%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.24%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.46%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.40%	—
Current Drawdown Current decline from peak	-0.98%	-1.96%	+0.98%
Average Drawdown Average peak-to-trough decline	-3.74%	-9.59%	+5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	IDVY	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.96%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.97%	—
Volatility (1Y) Calculated over the trailing 1-year period	24.67%	11.95%	+12.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.67%	14.44%	+10.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.67%	17.16%	+7.51%

IDVY vs. FDL - Expense Ratio Comparison

IDVY has a 0.60% expense ratio, which is higher than FDL's 0.43% expense ratio.

Dividends

IDVY vs. FDL - Dividend Comparison

IDVY's dividend yield for the trailing twelve months is around 0.76%, less than FDL's 3.59% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.59%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
IDVY First Trust International Rising Dividend Achievers ETF	0.76%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDVY and FDL in my portfolio?

IDVY and FDL have a correlation of -0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDVY or FDL?

On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDVY or FDL?

FDL is cheaper with a 0.43% expense ratio, compared with 0.60% for IDVY.

Which ETF pays a higher dividend yield, IDVY or FDL?

FDL has the higher dividend yield at 3.59%, compared with 0.76% for IDVY.

What is the main difference between IDVY and FDL?

IDVY is categorized as Dividend, while FDL is Large Cap Value Equities. IDVY tracks Nasdaq International Rising Dividend Achievers Index, while FDL tracks Morningstar Dividend Leaders Index. Their fees differ too: 0.60% for IDVY and 0.43% for FDL.