MDIV vs. THRV
MDIV (First Trust Multi-Asset Diversified Income Index Fund) and THRV (Prospera Income ETF) are both Diversified Portfolio funds. MDIV is passively managed, while THRV is actively managed. At a 0.47 correlation, their price movements are largely independent. MDIV charges 0.73%/yr vs 1.80%/yr for THRV.
Performance
MDIV vs. THRV - Performance Comparison
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Returns By Period
In the year-to-date period, MDIV achieves a 8.52% return, which is significantly higher than THRV's 1.81% return.
MDIV
- 1D
- 0.29%
- 1M
- -0.32%
- YTD
- 8.52%
- 6M
- 8.48%
- 1Y
- 12.54%
- 3Y*
- 11.85%
- 5Y*
- 6.04%
- 10Y*
- 5.06%
THRV
- 1D
- 0.09%
- 1M
- -0.44%
- YTD
- 1.81%
- 6M
- 1.62%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MDIV vs. THRV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 8.52% | -0.16% |
THRV Prospera Income ETF | 1.81% | 0.15% |
Correlation
The correlation between MDIV and THRV is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 30, 2025 | 0.47 |
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Return for Risk
MDIV vs. THRV — Risk / Return Rank
MDIV
THRV
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
MDIV vs. THRV - 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 Prospera Income ETF (THRV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| MDIV | THRV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.33 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 3.71 | — | — |
| Martin ratioReturn relative to average drawdown | 10.25 | — | — |
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Drawdowns
MDIV vs. THRV - Drawdown Comparison
The maximum MDIV drawdown since its inception was -48.50%, which is greater than THRV's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for MDIV and THRV.
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Drawdown Indicators
| MDIV | THRV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.50% | -1.50% | -47.00% |
Max Drawdown (1Y)Largest decline over 1 year | -3.39% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -9.62% | — | — |
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 | -0.79% | -0.57% | -0.22% |
Average DrawdownAverage peak-to-trough decline | -4.57% | -0.45% | -4.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.23% | — | — |
Volatility
MDIV vs. THRV - Volatility Comparison
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Volatility by Period
| MDIV | THRV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.17% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.49% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 6.80% | 2.94% | +3.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.94% | 2.94% | +8.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.22% | 2.94% | +12.28% |
MDIV vs. THRV - Expense Ratio Comparison
MDIV has a 0.73% expense ratio, which is lower than THRV's 1.80% expense ratio.
Dividends
MDIV vs. THRV - Dividend Comparison
MDIV's dividend yield for the trailing twelve months is around 7.37%, more than THRV's 5.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 7.37% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
THRV Prospera Income ETF | 5.40% | 1.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MDIV and THRV have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MDIV is cheaper at 0.73% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MDIV is cheaper with a 0.73% expense ratio, compared with 1.80% for THRV.
MDIV has the higher dividend yield at 7.37%, compared with 5.40% for THRV.
They also come from different issuers: First Trust and Prospera Funds. Their fees differ too: 0.73% for MDIV and 1.80% for THRV.
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