MDIV vs. SPY
Compare and contrast key facts about First Trust Multi-Asset Diversified Income Index Fund (MDIV) and SPDR S&P 500 ETF (SPY).
MDIV and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both MDIV and SPY 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 SPY.
Performance
MDIV vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, MDIV achieves a 11.64% return, which is significantly lower than SPY's 24.91% return. Over the past 10 years, MDIV has underperformed SPY with an annualized return of 3.41%, while SPY has yielded a comparatively higher 13.04% annualized return.
MDIV
11.64%
-0.35%
6.97%
18.13%
4.35%
3.41%
SPY
24.91%
0.61%
11.66%
32.24%
15.43%
13.04%
Key characteristics
| MDIV | SPY | |
|---|---|---|
| Sharpe Ratio | 2.38 | 2.67 |
| Sortino Ratio | 3.42 | 3.56 |
| Omega Ratio | 1.45 | 1.50 |
| Calmar Ratio | 5.32 | 3.85 |
| Martin Ratio | 18.64 | 17.38 |
| Ulcer Index | 0.99% | 1.86% |
| Daily Std Dev | 7.81% | 12.17% |
| Max Drawdown | -48.51% | -55.19% |
| Current Drawdown | -0.60% | -1.77% |
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MDIV vs. SPY - Expense Ratio Comparison
MDIV has a 0.73% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between MDIV and SPY is 0.67, 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. SPY - 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 SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
MDIV's dividend yield for the trailing twelve months is around 6.34%, more than SPY's 1.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.34% | 6.47% | 6.70% | 5.31% | 6.01% | 5.91% | 6.76% | 6.05% | 6.36% | 6.16% | 5.74% | 5.68% |
SPY SPDR S&P 500 ETF | 1.19% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
MDIV vs. SPY - Drawdown Comparison
The maximum MDIV drawdown since its inception was -48.51%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for MDIV and SPY. For additional features, visit the drawdowns tool.
Volatility
MDIV vs. SPY - Volatility Comparison
The current volatility for First Trust Multi-Asset Diversified Income Index Fund (MDIV) is 2.26%, while SPDR S&P 500 ETF (SPY) has a volatility of 4.08%. This indicates that MDIV experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.