MDIV vs. HISF
Compare and contrast key facts about First Trust Multi-Asset Diversified Income Index Fund (MDIV) and First Trust High Income Strategic Focus ETF (HISF).
MDIV and HISF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. HISF is an actively managed fund by First Trust. It was launched on Aug 13, 2014.
Performance
MDIV vs. HISF - Performance Comparison
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MDIV vs. HISF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 4.59% | 3.77% | 10.30% |
HISF First Trust High Income Strategic Focus ETF | -0.74% | 8.39% | 3.30% |
Returns By Period
In the year-to-date period, MDIV achieves a 4.59% return, which is significantly higher than HISF's -0.74% return.
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%
HISF
- 1D
- 0.60%
- 1M
- -1.96%
- YTD
- -0.74%
- 6M
- 0.66%
- 1Y
- 5.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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MDIV vs. HISF - Expense Ratio Comparison
MDIV has a 0.73% expense ratio, which is lower than HISF's 0.87% expense ratio.
Return for Risk
MDIV vs. HISF — Risk / Return Rank
MDIV
HISF
MDIV vs. HISF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Asset Diversified Income Index Fund (MDIV) and First Trust High Income Strategic Focus ETF (HISF). 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.
| MDIV | HISF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.56 | 1.42 | -0.86 |
Sortino ratioReturn per unit of downside risk | 0.80 | 1.98 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.12 | 1.27 | -0.15 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.83 | -1.19 |
Martin ratioReturn relative to average drawdown | 2.58 | 7.59 | -5.01 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| MDIV | HISF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.56 | 1.42 | -0.86 |
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 | 0.33 | 1.32 | -0.99 |
Correlation
The correlation between MDIV and HISF is 0.38, 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
MDIV vs. HISF - Dividend Comparison
MDIV's dividend yield for the trailing twelve months is around 6.30%, more than HISF's 4.92% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
HISF First Trust High Income Strategic Focus ETF | 4.92% | 4.69% | 3.92% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MDIV vs. HISF - Drawdown Comparison
The maximum MDIV drawdown since its inception was -48.50%, which is greater than HISF's maximum drawdown of -3.86%. Use the drawdown chart below to compare losses from any high point for MDIV and HISF.
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Drawdown Indicators
| MDIV | HISF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.50% | -3.86% | -44.64% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -2.90% | -5.94% |
Max Drawdown (5Y)Largest decline over 5 years | -13.02% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.50% | — | — |
Current DrawdownCurrent decline from peak | -2.25% | -1.96% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -4.64% | -0.86% | -3.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.20% | 0.70% | +1.50% |
Volatility
MDIV vs. HISF - Volatility Comparison
First Trust Multi-Asset Diversified Income Index Fund (MDIV) has a higher volatility of 2.11% compared to First Trust High Income Strategic Focus ETF (HISF) at 1.76%. This indicates that MDIV's price experiences larger fluctuations and is considered to be riskier than HISF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MDIV | HISF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.11% | 1.76% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 4.82% | 2.26% | +2.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.73% | 3.67% | +6.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.02% | 3.96% | +7.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.27% | 3.96% | +11.31% |