MPAY vs. MDIV
Compare and contrast key facts about Akros Monthly Payout ETF (MPAY) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
MPAY and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. MPAY is a passively managed fund by Akros that tracks the performance of the Akros Multi-Asset Index - Benchmark TR Net. It was launched on May 5, 2022. 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. Both MPAY and MDIV 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: MPAY or MDIV.
Correlation
The correlation between MPAY and MDIV is 0.66, 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
MPAY vs. MDIV - Performance Comparison
Key characteristics
MPAY:
0.60
MDIV:
0.64
MPAY:
0.93
MDIV:
0.90
MPAY:
1.14
MDIV:
1.13
MPAY:
0.71
MDIV:
0.68
MPAY:
2.80
MDIV:
2.76
MPAY:
3.59%
MDIV:
2.36%
MPAY:
16.94%
MDIV:
10.22%
MPAY:
-14.16%
MDIV:
-48.51%
MPAY:
-7.65%
MDIV:
-4.72%
Returns By Period
In the year-to-date period, MPAY achieves a -3.69% return, which is significantly lower than MDIV's -0.70% return.
MPAY
-3.69%
-1.91%
-1.57%
11.28%
N/A
N/A
MDIV
-0.70%
-3.89%
-0.61%
6.79%
10.59%
3.37%
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MPAY vs. MDIV - Expense Ratio Comparison
MPAY has a 0.59% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Risk-Adjusted Performance
MPAY vs. MDIV — Risk-Adjusted Performance Rank
MPAY
MDIV
MPAY vs. MDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Akros Monthly Payout ETF (MPAY) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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
MPAY vs. MDIV - Dividend Comparison
MPAY's dividend yield for the trailing twelve months is around 7.31%, more than MDIV's 6.54% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MPAY Akros Monthly Payout ETF | 7.31% | 6.70% | 7.34% | 4.20% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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% |
Drawdowns
MPAY vs. MDIV - Drawdown Comparison
The maximum MPAY drawdown since its inception was -14.16%, smaller than the maximum MDIV drawdown of -48.51%. Use the drawdown chart below to compare losses from any high point for MPAY and MDIV. For additional features, visit the drawdowns tool.
Volatility
MPAY vs. MDIV - Volatility Comparison
Akros Monthly Payout ETF (MPAY) has a higher volatility of 10.20% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 7.18%. This indicates that MPAY's price experiences larger fluctuations and is considered to be riskier than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.