IHYF vs. MDIV
Compare and contrast key facts about Invesco High Yield Bond Factor ETF (IHYF) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
IHYF and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IHYF is an actively managed fund by Invesco. It was launched on Nov 30, 2020. 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: IHYF or MDIV.
Correlation
The correlation between IHYF and MDIV is 0.60, 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
IHYF vs. MDIV - Performance Comparison
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Key characteristics
IHYF:
1.42
MDIV:
0.66
IHYF:
1.97
MDIV:
0.97
IHYF:
1.33
MDIV:
1.14
IHYF:
1.52
MDIV:
0.73
IHYF:
6.78
MDIV:
2.78
IHYF:
1.18%
MDIV:
2.51%
IHYF:
5.69%
MDIV:
10.25%
IHYF:
-15.95%
MDIV:
-48.51%
IHYF:
-0.43%
MDIV:
-2.93%
Returns By Period
In the year-to-date period, IHYF achieves a 1.91% return, which is significantly higher than MDIV's 1.17% return.
IHYF
1.91%
3.43%
2.59%
8.02%
7.25%
N/A
N/A
MDIV
1.17%
2.44%
-0.51%
6.68%
6.91%
10.18%
3.55%
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IHYF vs. MDIV - Expense Ratio Comparison
IHYF has a 0.39% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Risk-Adjusted Performance
IHYF vs. MDIV — Risk-Adjusted Performance Rank
IHYF
MDIV
IHYF vs. MDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Bond Factor ETF (IHYF) 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.
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Dividends
IHYF vs. MDIV - Dividend Comparison
IHYF's dividend yield for the trailing twelve months is around 7.40%, more than MDIV's 6.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IHYF Invesco High Yield Bond Factor ETF | 7.40% | 7.20% | 6.76% | 6.17% | 4.86% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.42% | 6.40% | 6.47% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% | 5.73% |
Drawdowns
IHYF vs. MDIV - Drawdown Comparison
The maximum IHYF drawdown since its inception was -15.95%, smaller than the maximum MDIV drawdown of -48.51%. Use the drawdown chart below to compare losses from any high point for IHYF and MDIV. For additional features, visit the drawdowns tool.
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Volatility
IHYF vs. MDIV - Volatility Comparison
The current volatility for Invesco High Yield Bond Factor ETF (IHYF) is 1.81%, while First Trust Multi-Asset Diversified Income Index Fund (MDIV) has a volatility of 2.10%. This indicates that IHYF experiences smaller price fluctuations and is considered to be less risky than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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