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.
Key characteristics
| MDIV | YYY | |
|---|---|---|
| YTD Return | 3.51% | 7.10% |
| 1Y Return | 18.24% | 17.76% |
| 3Y Return (Ann) | 4.56% | -0.81% |
| 5Y Return (Ann) | 2.92% | 2.66% |
| 10Y Return (Ann) | 2.95% | 2.98% |
| Sharpe Ratio | 2.01 | 2.08 |
| Daily Std Dev | 9.76% | 8.80% |
| Max Drawdown | -48.51% | -42.52% |
| Current Drawdown | -0.13% | -7.05% |
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.
Performance
MDIV vs. YYY - Performance Comparison
In the year-to-date period, MDIV achieves a 3.51% return, which is significantly lower than YYY's 7.10% return. Both investments have delivered pretty close results over the past 10 years, with MDIV having a 2.95% annualized return and YYY not far ahead at 2.98%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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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.
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 6.64%, less than YYY's 12.05% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.64% | 6.47% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 6.16% | 5.73% | 5.67% |
YYY Amplify High Income ETF | 12.05% | 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
First Trust Multi-Asset Diversified Income Index Fund (MDIV) has a higher volatility of 2.00% compared to Amplify High Income ETF (YYY) at 1.81%. This indicates that MDIV's price experiences larger fluctuations and is considered to be riskier than YYY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.