LINT vs. FDL

Last updated Aug 5, 2026

LINT (Direxion Daily INTC Bull 2X Shares) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - LINT is a Leveraged Equities fund actively managed by Direxion, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. LINT is actively managed, while FDL is passively managed. Their -0.20 correlation means they have often moved in opposite directions in the past. LINT charges 0.97%/yr vs 0.43%/yr for FDL.

Performance

LINT vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily INTC Bull 2X Shares (LINT) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, LINT achieves a 347.15% return, which is significantly higher than FDL's 19.24% return.

LINT

• 1D: 22.09%
• 1M: -34.82%
• 6M: 182.15%
• YTD: 347.15%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FDL

• 1D: 0.52%
• 1M: 4.21%
• 6M: 8.54%
• YTD: 19.24%
• 1Y: 28.21%
• 3Y*: 19.23%
• 5Y*: 14.12%
• 10Y*: 11.14%
• ALL TIME*: 8.98%

*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	$50.65M	$49.05M	$43.27M
LINT Direxion Daily INTC Bull 2X Shares	$20.13M	$20.02M	$34.55M

LINT vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025
LINT Direxion Daily INTC Bull 2X Shares	347.15%	5.81%
FDL First Trust Morningstar Dividend Leaders Index Fund	19.24%	3.03%

Correlation

The correlation between LINT and FDL is -0.20, 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 Nov 19, 2025	-0.20

LINT vs. FDL - Sectors Allocation Comparison

Sectors	LINT	FDL
Technology	100.0%	4.3%
Basic Materials	-	0.4%
Communication Services	-	11.2%
Consumer Cyclical	-	4.4%
Consumer Defensive	-	24.3%
Energy	-	11.1%
Financial Services	-	13.7%
Healthcare	-	11.7%
Industrials	-	3.6%
Real Estate	-	-
Utilities	-	15.4%

Return for Risk

LINT vs. FDL — Risk / Return Rank

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

LINT

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

FDL

FDL Risk / Return Rank: 91
FDL Sharpe Ratio Rank: 89
FDL Sortino Ratio Rank: 92
FDL Omega Ratio Rank: 87
FDL Calmar Ratio Rank: 96
FDL Martin Ratio Rank: 90

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.

LINT vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily INTC Bull 2X Shares (LINT) 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.

	LINT	FDL	Difference
Sharpe ratio: Return per unit of total volatility	—	2.39	—
Sortino ratio: Return per unit of downside risk	—	3.59	—
Omega ratio: Gain probability vs. loss probability	—	1.42	—
Calmar ratio: Return relative to maximum drawdown	—	6.63	—
Martin ratio: Return relative to average drawdown	—	15.64	—

Drawdowns

LINT vs. FDL - Drawdown Comparison

The maximum LINT drawdown since its inception was -69.02%, roughly equal to the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for LINT and FDL.

Drawdown Indicators

	LINT	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-69.02%	-65.93%	-3.09%
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	-53.88%	-1.07%	-52.81%
Average Drawdown Average peak-to-trough decline	-24.24%	-9.59%	-14.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.81%	—

Volatility

Volatility by Period

	LINT	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.76%	—
Volatility (1Y) Calculated over the trailing 1-year period	170.36%	11.87%	+158.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	170.36%	14.43%	+155.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	170.36%	17.16%	+153.20%

LINT vs. FDL - Expense Ratio Comparison

LINT has a 0.97% expense ratio, which is higher than FDL's 0.43% expense ratio.

Dividends

LINT vs. FDL - Dividend Comparison

LINT's dividend yield for the trailing twelve months is around 0.61%, less than FDL's 3.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.56%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
LINT Direxion Daily INTC Bull 2X Shares	0.61%	0.25%	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 LINT and FDL in my portfolio?

LINT and FDL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, LINT 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, LINT or FDL?

FDL is cheaper with a 0.43% expense ratio, compared with 0.97% for LINT.

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

FDL has the higher dividend yield at 3.56%, compared with 0.61% for LINT.

What is the main difference between LINT and FDL?

LINT is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: Direxion and First Trust. Their fees differ too: 0.97% for LINT and 0.43% for FDL.