Correlation
The correlation between MDIV and HNDL is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
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
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Key characteristics
MDIV:
0.71
HNDL:
0.62
MDIV:
0.74
HNDL:
0.83
MDIV:
1.11
HNDL:
1.11
MDIV:
0.55
HNDL:
0.55
MDIV:
2.10
HNDL:
2.25
MDIV:
2.53%
HNDL:
2.99%
MDIV:
10.34%
HNDL:
13.02%
MDIV:
-48.51%
HNDL:
-23.72%
MDIV:
-4.54%
HNDL:
-3.90%
Returns By Period
In the year-to-date period, MDIV achieves a -0.51% return, which is significantly lower than HNDL's 0.33% return.
MDIV
-0.51%
0.19%
-3.71%
6.86%
5.78%
9.75%
3.43%
HNDL
0.33%
1.61%
-2.73%
7.66%
5.66%
4.67%
N/A
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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.
Risk-Adjusted Performance
MDIV vs. HNDL — Risk-Adjusted Performance Rank
MDIV
HNDL
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.
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Dividends
MDIV vs. HNDL - Dividend Comparison
MDIV's dividend yield for the trailing twelve months is around 6.64%, less than HNDL's 7.22% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.64% | 6.40% | 6.47% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% | 5.73% |
HNDL Strategy Shares Nasdaq 7HANDL Index ETF | 7.22% | 7.02% | 6.78% | 7.87% | 6.86% | 6.69% | 6.39% | 6.91% | 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.
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Volatility
MDIV vs. HNDL - Volatility Comparison
First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Strategy Shares Nasdaq 7HANDL Index ETF (HNDL) have volatilities of 2.45% and 2.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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