NTSE vs. MDIV
NTSE (WisdomTree Emerging Markets Efficient Core Fund) and MDIV (First Trust Multi-Asset Diversified Income Index Fund) are both Diversified Portfolio funds. NTSE is actively managed, while MDIV is passively managed. Over the past 5 years, NTSE returned 5.20%/yr vs 6.77%/yr for MDIV. At a 0.42 correlation, their price movements are largely independent. NTSE charges 0.38%/yr vs 0.73%/yr for MDIV.
Performance
NTSE vs. MDIV - Performance Comparison
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Returns By Period
In the year-to-date period, NTSE achieves a 20.86% return, which is significantly higher than MDIV's 11.80% return.
NTSE
- 1D
- -2.05%
- 1M
- -6.67%
- 6M
- 13.48%
- YTD
- 20.86%
- 1Y
- 39.75%
- 3Y*
- 19.82%
- 5Y*
- 5.20%
- 10Y*
- —
MDIV
- 1D
- 1.01%
- 1M
- 3.14%
- 6M
- 9.06%
- YTD
- 11.80%
- 1Y
- 13.71%
- 3Y*
- 11.66%
- 5Y*
- 6.77%
- 10Y*
- 4.84%
NTSE vs. MDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
NTSE WisdomTree Emerging Markets Efficient Core Fund | 20.86% | 36.29% | 4.42% | 9.47% | -26.31% | -5.67% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 11.80% | 3.77% | 10.05% | 11.50% | -3.86% | 2.85% |
Correlation
The correlation between NTSE and MDIV is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since May 20, 2021 | 0.42 |
Over the past year, the correlation between NTSE and MDIV has dropped to 0.18 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
NTSE vs. MDIV — Risk / Return Rank
NTSE
MDIV
NTSE vs. MDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Emerging Markets Efficient Core Fund (NTSE) 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.
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.
| NTSE | MDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.45 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.37 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 2.81 | 4.06 | -1.25 |
| Martin ratioReturn relative to average drawdown | 9.50 | 11.26 | -1.76 |
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Drawdowns
NTSE vs. MDIV - Drawdown Comparison
The maximum NTSE drawdown since its inception was -42.84%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for NTSE and MDIV.
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Drawdown Indicators
| NTSE | MDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.84% | -48.50% | +5.66% |
Max Drawdown (1Y)Largest decline over 1 year | -14.20% | -3.39% | -10.81% |
Max Drawdown (3Y)Largest decline over 3 years | -18.73% | -9.62% | -9.11% |
Max Drawdown (5Y)Largest decline over 5 years | -41.15% | -13.02% | -28.13% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.50% | — |
Current DrawdownCurrent decline from peak | -9.63% | 0.00% | -9.63% |
Average DrawdownAverage peak-to-trough decline | -19.40% | -4.55% | -14.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.19% | 1.22% | +2.97% |
Volatility
NTSE vs. MDIV - Volatility Comparison
WisdomTree Emerging Markets Efficient Core Fund (NTSE) has a higher volatility of 10.13% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 1.93%. This indicates that NTSE'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.
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Volatility by Period
| NTSE | MDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.13% | 1.93% | +8.20% |
Volatility (6M)Calculated over the trailing 6-month period | 22.38% | 4.54% | +17.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.41% | 6.61% | +17.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.13% | 10.92% | +9.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.93% | 15.20% | +4.73% |
NTSE vs. MDIV - Expense Ratio Comparison
NTSE has a 0.38% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Dividends
NTSE vs. MDIV - Dividend Comparison
NTSE's dividend yield for the trailing twelve months is around 2.72%, less than MDIV's 6.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.59% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
NTSE WisdomTree Emerging Markets Efficient Core Fund | 2.72% | 3.35% | 3.23% | 2.44% | 3.22% | 2.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NTSE and MDIV have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NTSE has higher volatility (10.13%) compared to MDIV (1.93%). In terms of maximum drawdown, NTSE dropped -42.84% vs MDIV's -48.50%.
On 5-year performance, MDIV leads with 6.77% vs 5.20% for NTSE. On fees, NTSE is cheaper at 0.38% per year. On volatility, MDIV has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, MDIV has performed better with a 6.77% return vs 5.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
NTSE is cheaper with a 0.38% expense ratio, compared with 0.73% for MDIV.
MDIV has the higher dividend yield at 6.59%, compared with 2.72% for NTSE.
They also come from different issuers: WisdomTree and First Trust. Their fees differ too: 0.38% for NTSE and 0.73% for MDIV.
MDIV currently has the higher Sharpe Ratio (2.08 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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