PLTR vs. FDL

Last updated Jun 24, 2026

PLTR (Palantir Technologies Inc.) is a stock, while FDL (First Trust Morningstar Dividend Leaders Index Fund) is Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Over the past 5 years, PLTR returned 34.48%/yr vs 13.08%/yr for FDL. At a 0.17 correlation, their price movements are largely independent.

Performance

PLTR vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Palantir Technologies Inc. (PLTR) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PLTR achieves a -34.35% return, which is significantly lower than FDL's 12.67% return.

PLTR

• 1D: -2.34%
• 1M: -14.74%
• YTD: -34.35%
• 6M: -39.89%
• 1Y: -16.60%
• 3Y*: 102.61%
• 5Y*: 34.48%
• 10Y*: —

FDL

• 1D: 1.20%
• 1M: -2.75%
• YTD: 12.67%
• 6M: 13.02%
• 1Y: 22.39%
• 3Y*: 19.10%
• 5Y*: 13.08%
• 10Y*: 11.12%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PLTR vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PLTR Palantir Technologies Inc.	-34.35%	135.03%	340.48%	167.45%	-64.74%	-22.68%	135.50%
FDL First Trust Morningstar Dividend Leaders Index Fund	12.67%	14.79%	17.98%	2.94%	6.66%	26.10%	16.13%

Correlation

The correlation between PLTR and FDL is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.08
Correlation (3Y) Calculated over the trailing 3-year period	0.15
Correlation (5Y) Calculated over the trailing 5-year period	0.22
Correlation (All Time) Calculated using the full available price history since Sep 30, 2020	0.17

The correlation between PLTR and FDL shifts across timeframes, from -0.08 (1 year) to 0.22 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

PLTR vs. FDL — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PLTR

PLTR Risk / Return Rank: 29
PLTR Sharpe Ratio Rank: 29
PLTR Sortino Ratio Rank: 29
PLTR Omega Ratio Rank: 29
PLTR Calmar Ratio Rank: 30
PLTR Martin Ratio Rank: 28

FDL

FDL Risk / Return Rank: 69
FDL Sharpe Ratio Rank: 61
FDL Sortino Ratio Rank: 68
FDL Omega Ratio Rank: 57
FDL Calmar Ratio Rank: 90
FDL Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PLTR vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Palantir Technologies Inc. (PLTR) 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.

	PLTR	FDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.32	1.95	-2.27
Sortino ratio: Return per unit of downside risk	-0.13	2.96	-3.09
Omega ratio: Gain probability vs. loss probability	0.98	1.34	-0.36
Calmar ratio: Return relative to maximum drawdown	-0.38	5.26	-5.64
Martin ratio: Return relative to average drawdown	-0.75	12.40	-13.15

PLTR vs. FDL - Sharpe Ratio Comparison

The current PLTR Sharpe Ratio is -0.32, which is lower than the FDL Sharpe Ratio of 1.95. The chart below compares the historical Sharpe Ratios of PLTR and FDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PLTR vs. FDL - Drawdown Comparison

The maximum PLTR drawdown since its inception was -84.62%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for PLTR and FDL.

Drawdown Indicators

	PLTR	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-84.62%	-65.93%	-18.69%
Max Drawdown (1Y) Largest decline over 1 year	-43.67%	-4.27%	-39.40%
Max Drawdown (3Y) Largest decline over 3 years	-43.67%	-12.24%	-31.43%
Max Drawdown (5Y) Largest decline over 5 years	-79.14%	-16.46%	-62.68%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.40%	—
Current Drawdown Current decline from peak	-43.67%	-3.09%	-40.58%
Average Drawdown Average peak-to-trough decline	-40.26%	-9.64%	-30.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	22.06%	1.81%	+20.25%

Volatility

PLTR vs. FDL - Volatility Comparison

Palantir Technologies Inc. (PLTR) has a higher volatility of 19.16% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.72%. This indicates that PLTR'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.

Volatility by Period

	PLTR	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.16%	3.72%	+15.44%
Volatility (6M) Calculated over the trailing 6-month period	38.60%	8.09%	+30.51%
Volatility (1Y) Calculated over the trailing 1-year period	51.49%	11.54%	+39.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	65.59%	14.31%	+51.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	69.73%	17.11%	+52.62%

Dividends

PLTR vs. FDL - Dividend Comparison

PLTR has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.70%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.70%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
PLTR Palantir Technologies Inc.	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

Can I hold both PLTR and FDL in my portfolio?

PLTR and FDL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PLTR or FDL?

PLTR has higher volatility (19.16%) compared to FDL (3.72%). In terms of maximum drawdown, PLTR dropped -84.62% vs FDL's -65.93%.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (1.95 vs -0.32), 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.