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MDIV vs. VOO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between MDIV and VOO 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.


-0.50.00.51.0
Correlation: 0.7

Performance

MDIV vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

100.00%200.00%300.00%400.00%500.00%NovemberDecember2025FebruaryMarchApril
70.12%
396.20%
MDIV
VOO

Key characteristics

Sharpe Ratio

MDIV:

0.72

VOO:

0.54

Sortino Ratio

MDIV:

1.02

VOO:

0.88

Omega Ratio

MDIV:

1.15

VOO:

1.13

Calmar Ratio

MDIV:

0.77

VOO:

0.55

Martin Ratio

MDIV:

3.22

VOO:

2.27

Ulcer Index

MDIV:

2.30%

VOO:

4.55%

Daily Std Dev

MDIV:

10.23%

VOO:

19.19%

Max Drawdown

MDIV:

-48.51%

VOO:

-33.99%

Current Drawdown

MDIV:

-4.72%

VOO:

-9.90%

Returns By Period

In the year-to-date period, MDIV achieves a -0.70% return, which is significantly higher than VOO's -5.74% return. Over the past 10 years, MDIV has underperformed VOO with an annualized return of 3.31%, while VOO has yielded a comparatively higher 12.12% annualized return.


MDIV

YTD

-0.70%

1M

-3.30%

6M

-1.09%

1Y

7.40%

5Y*

10.83%

10Y*

3.31%

VOO

YTD

-5.74%

1M

-2.90%

6M

-4.28%

1Y

9.78%

5Y*

15.72%

10Y*

12.12%

*Annualized

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MDIV vs. VOO - Expense Ratio Comparison

MDIV has a 0.73% expense ratio, which is higher than VOO's 0.03% expense ratio.


Expense ratio chart for MDIV: current value is 0.73%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
MDIV: 0.73%
Expense ratio chart for VOO: current value is 0.03%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
VOO: 0.03%

Risk-Adjusted Performance

MDIV vs. VOO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MDIV
The Risk-Adjusted Performance Rank of MDIV is 7373
Overall Rank
The Sharpe Ratio Rank of MDIV is 7272
Sharpe Ratio Rank
The Sortino Ratio Rank of MDIV is 6868
Sortino Ratio Rank
The Omega Ratio Rank of MDIV is 7070
Omega Ratio Rank
The Calmar Ratio Rank of MDIV is 7777
Calmar Ratio Rank
The Martin Ratio Rank of MDIV is 7575
Martin Ratio Rank

VOO
The Risk-Adjusted Performance Rank of VOO is 6464
Overall Rank
The Sharpe Ratio Rank of VOO is 6161
Sharpe Ratio Rank
The Sortino Ratio Rank of VOO is 6262
Sortino Ratio Rank
The Omega Ratio Rank of VOO is 6464
Omega Ratio Rank
The Calmar Ratio Rank of VOO is 6767
Calmar Ratio Rank
The Martin Ratio Rank of VOO is 6565
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

MDIV vs. VOO - 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 Vanguard S&P 500 ETF (VOO). 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.


The chart of Sharpe ratio for MDIV, currently valued at 0.72, compared to the broader market-1.000.001.002.003.004.00
MDIV: 0.72
VOO: 0.54
The chart of Sortino ratio for MDIV, currently valued at 1.02, compared to the broader market-2.000.002.004.006.008.00
MDIV: 1.02
VOO: 0.88
The chart of Omega ratio for MDIV, currently valued at 1.15, compared to the broader market0.501.001.502.002.50
MDIV: 1.15
VOO: 1.13
The chart of Calmar ratio for MDIV, currently valued at 0.77, compared to the broader market0.002.004.006.008.0010.0012.00
MDIV: 0.77
VOO: 0.55
The chart of Martin ratio for MDIV, currently valued at 3.22, compared to the broader market0.0020.0040.0060.00
MDIV: 3.22
VOO: 2.27

The current MDIV Sharpe Ratio is 0.72, which is higher than the VOO Sharpe Ratio of 0.54. The chart below compares the historical Sharpe Ratios of MDIV and VOO, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.72
0.54
MDIV
VOO

Dividends

MDIV vs. VOO - Dividend Comparison

MDIV's dividend yield for the trailing twelve months is around 6.54%, more than VOO's 1.38% yield.


TTM20242023202220212020201920182017201620152014
MDIV
First Trust Multi-Asset Diversified Income Index Fund
6.54%6.40%6.47%6.71%5.30%6.00%5.90%6.76%6.04%6.35%7.38%5.73%
VOO
Vanguard S&P 500 ETF
1.38%1.24%1.46%1.69%1.25%1.54%1.88%2.06%1.78%2.02%2.10%1.85%

Drawdowns

MDIV vs. VOO - Drawdown Comparison

The maximum MDIV drawdown since its inception was -48.51%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for MDIV and VOO. For additional features, visit the drawdowns tool.


-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-4.72%
-9.90%
MDIV
VOO

Volatility

MDIV vs. VOO - Volatility Comparison

The current volatility for First Trust Multi-Asset Diversified Income Index Fund (MDIV) is 7.13%, while Vanguard S&P 500 ETF (VOO) has a volatility of 13.96%. This indicates that MDIV experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%NovemberDecember2025FebruaryMarchApril
7.13%
13.96%
MDIV
VOO