PRXV vs. FDL

Last updated Jun 4, 2026

PRXV (Praxis Impact Large Cap Value ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both Large Cap Value Equities funds. PRXV is actively managed, while FDL is passively managed. At a 0.38 correlation, their price movements are largely independent. PRXV charges 0.36%/yr vs 0.45%/yr for FDL.

Performance

PRXV vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Praxis Impact Large Cap Value ETF (PRXV) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PRXV

• 1D: -0.03%
• 1M: 4.27%
• YTD: —
• 6M: —
• 1Y: —
• 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%

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

PRXV vs. FDL - Yearly Performance Comparison

	2026 (YTD)
PRXV Praxis Impact Large Cap Value ETF	4.51%
FDL First Trust Morningstar Dividend Leaders Index Fund	0.14%

Correlation

The correlation between PRXV and FDL is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 21, 2026	0.38

Return for Risk

PRXV vs. FDL — Risk / Return Rank

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

FDL

FDL Risk / Return Rank: 70
FDL Sharpe Ratio Rank: 61
FDL Sortino Ratio Rank: 70
FDL Omega Ratio Rank: 59
FDL Calmar Ratio Rank: 90
FDL Martin Ratio Rank: 71

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.

PRXV vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Praxis Impact Large Cap Value ETF (PRXV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PRXV	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
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	4.54	0.45	+4.09

Drawdowns

PRXV vs. FDL - Drawdown Comparison

The maximum PRXV drawdown since its inception was -1.18%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for PRXV and FDL.

Drawdown Indicators

	PRXV	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-1.18%	-65.93%	+64.75%
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 Drawdown Current decline from peak	-0.03%	-2.18%	+2.15%
Average Drawdown Average peak-to-trough decline	-0.32%	-9.66%	+9.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	PRXV	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.66%	11.28%	-1.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.66%	14.31%	-4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.66%	17.11%	-7.45%

PRXV vs. FDL - Expense Ratio Comparison

PRXV has a 0.36% expense ratio, which is lower than FDL's 0.45% expense ratio.

Dividends

PRXV vs. FDL - Dividend Comparison

PRXV has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.68%.

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%
PRXV Praxis Impact Large Cap Value ETF	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 PRXV and FDL in my portfolio?

PRXV and FDL have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PRXV or FDL?

On fees, PRXV is cheaper at 0.36% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PRXV or FDL?

PRXV is cheaper with a 0.36% expense ratio, compared with 0.45% for FDL.

Which ETF pays a higher dividend yield, PRXV or FDL?

FDL has the higher dividend yield at 3.68%, compared with 0.00% for PRXV.

What is the main difference between PRXV and FDL?

They also come from different issuers: Praxis and First Trust. Their fees differ too: 0.36% for PRXV and 0.45% for FDL.