MDIV vs. YYY
Compare and contrast key facts about First Trust Multi-Asset Diversified Income Index Fund (MDIV) and Amplify High Income ETF (YYY).
MDIV and YYY 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. YYY is a passively managed fund by Amplify Investments that tracks the performance of the ISE High Income Index. It was launched on Jun 21, 2013. Both MDIV and YYY 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 YYY.
Performance
MDIV vs. YYY - Performance Comparison
Returns By Period
In the year-to-date period, MDIV achieves a 11.90% return, which is significantly lower than YYY's 14.67% return. Over the past 10 years, MDIV has underperformed YYY with an annualized return of 3.44%, while YYY has yielded a comparatively higher 3.72% annualized return.
MDIV
11.90%
-0.11%
7.63%
18.18%
4.37%
3.44%
YYY
14.67%
-0.81%
5.39%
19.45%
3.34%
3.72%
Key characteristics
| MDIV | YYY | |
|---|---|---|
| Sharpe Ratio | 2.36 | 2.54 |
| Sortino Ratio | 3.41 | 3.44 |
| Omega Ratio | 1.45 | 1.51 |
| Calmar Ratio | 5.29 | 1.17 |
| Martin Ratio | 18.53 | 16.39 |
| Ulcer Index | 0.99% | 1.23% |
| Daily Std Dev | 7.79% | 7.90% |
| Max Drawdown | -48.51% | -42.52% |
| Current Drawdown | -0.36% | -1.39% |
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MDIV vs. YYY - Expense Ratio Comparison
MDIV has a 0.73% expense ratio, which is lower than YYY's 2.45% expense ratio.
Correlation
The correlation between MDIV and YYY is 0.62, 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. YYY - 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 Amplify High Income ETF (YYY). 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. YYY - Dividend Comparison
MDIV's dividend yield for the trailing twelve months is around 6.33%, less than YYY's 11.95% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.33% | 6.47% | 6.70% | 5.31% | 6.01% | 5.91% | 6.76% | 6.05% | 6.36% | 6.16% | 5.74% | 5.68% |
YYY Amplify High Income ETF | 11.95% | 12.39% | 12.36% | 9.08% | 9.79% | 9.10% | 9.73% | 8.83% | 10.34% | 10.77% | 9.54% | 5.14% |
Drawdowns
MDIV vs. YYY - Drawdown Comparison
The maximum MDIV drawdown since its inception was -48.51%, which is greater than YYY's maximum drawdown of -42.52%. Use the drawdown chart below to compare losses from any high point for MDIV and YYY. For additional features, visit the drawdowns tool.
Volatility
MDIV vs. YYY - Volatility Comparison
The current volatility for First Trust Multi-Asset Diversified Income Index Fund (MDIV) is 2.10%, while Amplify High Income ETF (YYY) has a volatility of 2.43%. This indicates that MDIV experiences smaller price fluctuations and is considered to be less risky than YYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.