MDIV vs. HNDL
Compare and contrast key facts about First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL).
MDIV and HNDL 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. HNDL is a passively managed fund by Rational Capital LLC that tracks the performance of the NASDAQ 7 HANDL™ Index. It was launched on Jan 17, 2018. Both MDIV and HNDL 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: MDIV or HNDL.
Performance
MDIV vs. HNDL - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with MDIV having a 12.11% return and HNDL slightly higher at 12.34%.
MDIV
12.11%
0.92%
8.46%
18.97%
4.35%
3.46%
HNDL
12.34%
-0.37%
8.45%
18.75%
5.13%
N/A
Key characteristics
| MDIV | HNDL | |
|---|---|---|
| Sharpe Ratio | 2.36 | 2.17 |
| Sortino Ratio | 3.40 | 3.04 |
| Omega Ratio | 1.45 | 1.38 |
| Calmar Ratio | 5.28 | 1.39 |
| Martin Ratio | 18.51 | 13.21 |
| Ulcer Index | 0.99% | 1.41% |
| Daily Std Dev | 7.79% | 8.54% |
| Max Drawdown | -48.51% | -23.72% |
| Current Drawdown | -0.18% | -1.18% |
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MDIV vs. HNDL - Expense Ratio Comparison
MDIV has a 0.73% expense ratio, which is lower than HNDL's 0.97% expense ratio.
Correlation
The correlation between MDIV and HNDL is 0.57, 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.
Risk-Adjusted Performance
MDIV vs. HNDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL). 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
MDIV vs. HNDL - Dividend Comparison
MDIV's dividend yield for the trailing twelve months is around 5.67%, less than HNDL's 6.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 5.67% | 6.47% | 6.70% | 5.31% | 6.01% | 5.91% | 6.76% | 6.05% | 6.36% | 6.16% | 5.74% | 5.68% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 6.83% | 6.78% | 7.86% | 6.86% | 6.68% | 6.82% | 6.91% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
MDIV vs. HNDL - Drawdown Comparison
The maximum MDIV drawdown since its inception was -48.51%, which is greater than HNDL's maximum drawdown of -23.72%. Use the drawdown chart below to compare losses from any high point for MDIV and HNDL. For additional features, visit the drawdowns tool.
Volatility
MDIV vs. HNDL - Volatility Comparison
The current volatility for First Trust Multi-Asset Diversified Income Index Fund (MDIV) is 2.10%, while Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) has a volatility of 2.53%. This indicates that MDIV experiences smaller price fluctuations and is considered to be less risky than HNDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.