MFIG vs. FDL
MFIG (Motley Fool Innovative Growth Factor ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - MFIG is a Large Cap Growth Equities fund tracking the Motley Fool Innovative Growth Index, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. At a correlation of -0.14, they often move in opposite directions. MFIG charges 0.50%/yr vs 0.43%/yr for FDL.
Performance
MFIG vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, MFIG achieves a 0.49% return, which is significantly lower than FDL's 11.33% return.
MFIG
- 1D
- -1.38%
- 1M
- -1.61%
- YTD
- 0.49%
- 6M
- -0.92%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.16%
- 1M
- -3.91%
- YTD
- 11.33%
- 6M
- 11.38%
- 1Y
- 21.02%
- 3Y*
- 18.63%
- 5Y*
- 12.95%
- 10Y*
- 10.99%
MFIG vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
MFIG Motley Fool Innovative Growth Factor ETF | 0.49% | -0.09% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 11.33% | 1.84% |
Correlation
The correlation between MFIG and FDL is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025 | -0.14 |
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Return for Risk
MFIG vs. FDL — Risk / Return Rank
MFIG
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
MFIG vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Motley Fool Innovative Growth Factor ETF (MFIG) 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.
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.
| MFIG | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.32 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.94 | — |
| Martin ratioReturn relative to average drawdown | — | 11.71 | — |
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Drawdowns
MFIG vs. FDL - Drawdown Comparison
The maximum MFIG drawdown since its inception was -14.29%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for MFIG and FDL.
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Drawdown Indicators
| MFIG | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.29% | -65.93% | +51.64% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.27% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -5.73% | -4.24% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -4.59% | -9.64% | +5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.80% | — |
Volatility
MFIG vs. FDL - Volatility Comparison
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Volatility by Period
| MFIG | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.52% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.03% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 11.51% | +5.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 14.30% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 17.13% | -0.01% |
MFIG vs. FDL - Expense Ratio Comparison
MFIG has a 0.50% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
MFIG vs. FDL - Dividend Comparison
MFIG has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.74% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
MFIG Motley Fool Innovative Growth Factor ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
MFIG and FDL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDL is cheaper with a 0.43% expense ratio, compared with 0.50% for MFIG.
FDL has the higher dividend yield at 3.74%, compared with 0.00% for MFIG.
MFIG is categorized as Large Cap Growth Equities, while FDL is Large Cap Value Equities. MFIG tracks Motley Fool Innovative Growth Index, while FDL tracks Morningstar Dividend Leaders Index. They also come from different issuers: Motley Fool and First Trust. Their fees differ too: 0.50% for MFIG and 0.43% for FDL.
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