NVDW vs. FDL
NVDW (Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - NVDW is a Derivative Income fund actively managed by Roundhill, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. NVDW is actively managed, while FDL is passively managed. Over the past year, NVDW returned 56.88% vs 23.67% for FDL. At a correlation of -0.20, they often move in opposite directions. NVDW charges 0.99%/yr vs 0.45%/yr for FDL.
Performance
NVDW vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, NVDW achieves a 15.96% return, which is significantly higher than FDL's 13.33% return.
NVDW
- 1D
- -4.20%
- 1M
- 9.65%
- YTD
- 15.96%
- 6M
- 20.80%
- 1Y
- 56.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.26%
- 1M
- -0.26%
- YTD
- 13.33%
- 6M
- 14.76%
- 1Y
- 23.67%
- 3Y*
- 18.97%
- 5Y*
- 12.51%
- 10Y*
- 11.24%
NVDW vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF | 15.96% | 40.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 13.33% | 9.51% |
Correlation
The correlation between NVDW and FDL is -0.20, 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 (1Y) Calculated over the trailing 1-year period | -0.20 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2025 | -0.20 |
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Return for Risk
NVDW vs. FDL — Risk / Return Rank
NVDW
FDL
NVDW vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) 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.
| NVDW | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.71 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.37 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.24 | 5.56 | -3.32 |
| Martin ratioReturn relative to average drawdown | 5.44 | 13.56 | -8.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| NVDW | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.11 | -0.71 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.52 | 0.45 | +1.07 |
Drawdowns
NVDW vs. FDL - Drawdown Comparison
The maximum NVDW drawdown since its inception was -25.54%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for NVDW and FDL.
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Drawdown Indicators
| NVDW | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.54% | -65.93% | +40.39% |
Max Drawdown (1Y)Largest decline over 1 year | -25.54% | -4.27% | -21.27% |
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 | -10.65% | -2.18% | -8.47% |
Average DrawdownAverage peak-to-trough decline | -8.19% | -9.66% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.49% | 1.75% | +8.74% |
Volatility
NVDW vs. FDL - Volatility Comparison
Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF (NVDW) has a higher volatility of 15.04% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.85%. This indicates that NVDW's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| NVDW | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.04% | 2.85% | +12.19% |
Volatility (6M)Calculated over the trailing 6-month period | 30.74% | 7.87% | +22.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 41.15% | 11.28% | +29.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 41.15% | 14.31% | +26.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 41.15% | 17.11% | +24.04% |
NVDW vs. FDL - Expense Ratio Comparison
NVDW has a 0.99% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
NVDW vs. FDL - Dividend Comparison
NVDW's dividend yield for the trailing twelve months is around 58.16%, more than FDL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.68% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
NVDW Roundhill ETF Trust Roundhill NVDA WeeklyPay ETF | 58.16% | 38.94% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVDW and FDL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
NVDW has higher volatility (15.04%) compared to FDL (2.85%). In terms of maximum drawdown, NVDW dropped -25.54% vs FDL's -65.93%.
On 1-year performance, NVDW leads with 56.88% vs 23.67% for FDL. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, NVDW has performed better with a 56.88% return vs 23.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 0.99% for NVDW.
NVDW has the higher dividend yield at 58.16%, compared with 3.68% for FDL.
NVDW is categorized as Derivative Income, while FDL is Large Cap Value Equities. They also come from different issuers: Roundhill and First Trust. Their fees differ too: 0.99% for NVDW and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.11 vs 1.39), 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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