MEDI vs. FDL
Compare and contrast key facts about Harbor Health Care ETF (MEDI) and First Trust Morningstar Dividend Leaders Index Fund (FDL).
MEDI and FDL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MEDI is an actively managed fund by Harbor. It was launched on Nov 16, 2022. FDL is a passively managed fund by First Trust that tracks the performance of the Morningstar Dividend Leaders Index. It was launched on Mar 9, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: MEDI or FDL.
Key characteristics
| MEDI | FDL | |
|---|---|---|
| YTD Return | 5.68% | 21.13% |
| 1Y Return | 17.96% | 32.30% |
| Sharpe Ratio | 1.38 | 3.01 |
| Sortino Ratio | 2.02 | 4.27 |
| Omega Ratio | 1.24 | 1.53 |
| Calmar Ratio | 2.28 | 3.56 |
| Martin Ratio | 4.93 | 21.80 |
| Ulcer Index | 4.24% | 1.62% |
| Daily Std Dev | 15.11% | 11.74% |
| Max Drawdown | -9.16% | -65.93% |
| Current Drawdown | -7.69% | -1.66% |
Correlation
The correlation between MEDI and FDL is 0.49, 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
MEDI vs. FDL - Performance Comparison
In the year-to-date period, MEDI achieves a 5.68% return, which is significantly lower than FDL's 21.13% return. 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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MEDI vs. FDL - Expense Ratio Comparison
MEDI has a 0.80% expense ratio, which is higher than FDL's 0.45% expense ratio.
Risk-Adjusted Performance
MEDI vs. FDL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Harbor Health Care ETF (MEDI) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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
MEDI vs. FDL - Dividend Comparison
MEDI's dividend yield for the trailing twelve months is around 0.63%, less than FDL's 4.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MEDI Harbor Health Care ETF | 0.63% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 4.09% | 4.58% | 3.57% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.94% | 3.65% | 3.35% | 3.13% |
Drawdowns
MEDI vs. FDL - Drawdown Comparison
The maximum MEDI drawdown since its inception was -9.16%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for MEDI and FDL. For additional features, visit the drawdowns tool.
Volatility
MEDI vs. FDL - Volatility Comparison
Harbor Health Care ETF (MEDI) and First Trust Morningstar Dividend Leaders Index Fund (FDL) have volatilities of 3.49% and 3.60%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.