MDAA vs. MDIV

Last updated Apr 1, 2026

Compare and contrast key facts about Myriad Dynamic Asset Allocation ETF (MDAA) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).

MDAA and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MDAA is an actively managed fund by Myriad. It was launched on Oct 3, 2025. 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.

Performance

MDAA vs. MDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Myriad Dynamic Asset Allocation ETF (MDAA) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). The values are adjusted to include any dividend payments, if applicable.

MDAA vs. MDIV - Yearly Performance Comparison

	2026 (YTD)	2025
MDAA Myriad Dynamic Asset Allocation ETF	0.65%	-0.27%
MDIV First Trust Multi-Asset Diversified Income Index Fund	4.59%	-0.41%

Returns By Period

In the year-to-date period, MDAA achieves a 0.65% return, which is significantly lower than MDIV's 4.59% return.

MDAA

• 1D: 4.21%
• 1M: -9.77%
• YTD: 0.65%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MDIV

• 1D: 0.56%
• 1M: -1.47%
• YTD: 4.59%
• 6M: 4.22%
• 1Y: 5.41%
• 3Y*: 10.12%
• 5Y*: 6.28%
• 10Y*: 5.01%

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

MDAA vs. MDIV - Expense Ratio Comparison

MDAA has a 0.97% expense ratio, which is higher than MDIV's 0.73% expense ratio.

MDAA

Myriad Dynamic Asset Allocation ETF

MDIV

First Trust Multi-Asset Diversified Income Index Fund

Return for Risk

MDAA vs. MDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDIV

MDIV Risk / Return Rank: 30
MDIV Sharpe Ratio Rank: 31
MDIV Sortino Ratio Rank: 29
MDIV Omega Ratio Rank: 30
MDIV Calmar Ratio Rank: 28
MDIV Martin Ratio Rank: 31

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.

MDAA vs. MDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Myriad Dynamic Asset Allocation ETF (MDAA) 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.

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

Sharpe Ratios by Period

	MDAA	MDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.56	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.57	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.33	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.03	0.33	-0.30

Correlation

The correlation between MDAA and MDIV is 0.34, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

MDAA vs. MDIV - Dividend Comparison

MDAA's dividend yield for the trailing twelve months is around 0.46%, less than MDIV's 6.30% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MDAA Myriad Dynamic Asset Allocation ETF	0.46%	0.46%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
MDIV First Trust Multi-Asset Diversified Income Index Fund	6.30%	6.51%	6.40%	6.08%	6.71%	5.30%	6.00%	5.90%	6.76%	6.04%	6.35%	7.38%

Drawdowns

MDAA vs. MDIV - Drawdown Comparison

The maximum MDAA drawdown since its inception was -14.59%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for MDAA and MDIV.

Drawdown Indicators

	MDAA	MDIV	Difference
Max Drawdown Largest peak-to-trough decline	-14.59%	-48.50%	+33.91%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.84%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-13.02%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-48.50%	—
Current Drawdown Current decline from peak	-11.00%	-2.25%	-8.75%
Average Drawdown Average peak-to-trough decline	-3.11%	-4.64%	+1.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.20%	—

Volatility

Volatility by Period

	MDAA	MDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.11%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.82%	—
Volatility (1Y) Calculated over the trailing 1-year period	22.34%	9.73%	+12.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.34%	11.02%	+11.32%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.34%	15.27%	+7.07%