NVIT vs. FDL
NVIT (YieldMax NVDA Performance & Distribution Target 25 ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - NVIT is a Derivative Income fund actively managed by YieldMax, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. NVIT is actively managed, while FDL is passively managed. At a correlation of -0.31, they often move in opposite directions. NVIT charges 1.08%/yr vs 0.43%/yr for FDL.
Performance
NVIT vs. FDL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, NVIT achieves a 6.98% return, which is significantly lower than FDL's 14.42% return.
NVIT
- 1D
- -1.26%
- 1M
- -9.80%
- 6M
- 6.98%
- YTD
- 6.98%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 1.90%
- 1M
- 0.70%
- 6M
- 14.42%
- YTD
- 14.42%
- 1Y
- 20.20%
- 3Y*
- 18.47%
- 5Y*
- 13.32%
- 10Y*
- 10.94%
NVIT vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 6.98% | 3.04% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.42% | 3.89% |
Correlation
The correlation between NVIT and FDL is -0.31, 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 Nov 18, 2025 | -0.31 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
NVIT vs. FDL — Risk / Return Rank
NVIT
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
NVIT vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for YieldMax NVDA Performance & Distribution Target 25 ETF (NVIT) 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.
| NVIT | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.30 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.75 | — |
| Martin ratioReturn relative to average drawdown | — | 10.80 | — |
Loading charts...
Drawdowns
NVIT vs. FDL - Drawdown Comparison
The maximum NVIT drawdown since its inception was -14.24%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for NVIT and FDL.
Loading charts...
Drawdown Indicators
| NVIT | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.24% | -65.93% | +51.69% |
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 | -13.60% | -1.58% | -12.02% |
Average DrawdownAverage peak-to-trough decline | -3.86% | -9.63% | +5.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.88% | — |
Volatility
NVIT vs. FDL - Volatility Comparison
Loading charts...
Volatility by Period
| NVIT | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 4.26% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.48% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 29.47% | 11.61% | +17.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.47% | 14.35% | +15.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.47% | 17.11% | +12.36% |
NVIT vs. FDL - Expense Ratio Comparison
NVIT has a 1.08% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
NVIT vs. FDL - Dividend Comparison
NVIT's dividend yield for the trailing twelve months is around 15.63%, more than FDL's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.71% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
NVIT YieldMax NVDA Performance & Distribution Target 25 ETF | 15.63% | 2.37% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
NVIT and FDL have a correlation of -0.31, 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 1.08% for NVIT.
NVIT has the higher dividend yield at 15.63%, compared with 3.71% for FDL.
NVIT is categorized as Derivative Income, while FDL is Large Cap Value Equities. They also come from different issuers: YieldMax and First Trust. Their fees differ too: 1.08% for NVIT and 0.43% for FDL.
Find the right allocation for NVIT and FDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer