IYLD vs. MDIV
Compare and contrast key facts about iShares Morningstar Multi-Asset Income ETF (IYLD) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
IYLD and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IYLD is a passively managed fund by iShares that tracks the performance of the Morningstar Multi-Asset High Income Index. It was launched on Apr 5, 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 IYLD 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: IYLD or MDIV.
Key characteristics
| IYLD | MDIV | |
|---|---|---|
| YTD Return | 4.83% | 12.31% |
| 1Y Return | 13.27% | 21.52% |
| 3Y Return (Ann) | -0.32% | 6.69% |
| 5Y Return (Ann) | 0.84% | 4.30% |
| 10Y Return (Ann) | 2.48% | 3.57% |
| Sharpe Ratio | 2.29 | 2.68 |
| Sortino Ratio | 3.40 | 3.97 |
| Omega Ratio | 1.45 | 1.53 |
| Calmar Ratio | 0.99 | 4.33 |
| Martin Ratio | 12.42 | 21.98 |
| Ulcer Index | 1.09% | 0.99% |
| Daily Std Dev | 5.91% | 8.14% |
| Max Drawdown | -30.23% | -48.51% |
| Current Drawdown | -2.22% | 0.00% |
Correlation
The correlation between IYLD and MDIV is 0.67, 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
IYLD vs. MDIV - Performance Comparison
In the year-to-date period, IYLD achieves a 4.83% return, which is significantly lower than MDIV's 12.31% return. Over the past 10 years, IYLD has underperformed MDIV with an annualized return of 2.48%, while MDIV has yielded a comparatively higher 3.57% annualized 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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IYLD vs. MDIV - Expense Ratio Comparison
IYLD has a 0.60% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Risk-Adjusted Performance
IYLD vs. MDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Morningstar Multi-Asset Income ETF (IYLD) 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
IYLD vs. MDIV - Dividend Comparison
IYLD's dividend yield for the trailing twelve months is around 5.14%, less than MDIV's 6.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IYLD iShares Morningstar Multi-Asset Income ETF | 5.14% | 5.76% | 5.44% | 3.47% | 4.94% | 5.25% | 5.78% | 4.22% | 5.32% | 4.93% | 5.56% | 6.16% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.30% | 6.47% | 6.70% | 5.31% | 6.01% | 5.91% | 6.76% | 6.05% | 6.36% | 6.16% | 5.74% | 5.68% |
Drawdowns
IYLD vs. MDIV - Drawdown Comparison
The maximum IYLD drawdown since its inception was -30.23%, smaller than the maximum MDIV drawdown of -48.51%. Use the drawdown chart below to compare losses from any high point for IYLD and MDIV. For additional features, visit the drawdowns tool.
Volatility
IYLD vs. MDIV - Volatility Comparison
The current volatility for iShares Morningstar Multi-Asset Income ETF (IYLD) is 1.15%, while First Trust Multi-Asset Diversified Income Index Fund (MDIV) has a volatility of 2.22%. This indicates that IYLD 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.