QCOC vs. FDL
QCOC (FT Vest Nasdaq-100 Conservative Buffer ETF - October) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - QCOC is a Defined Outcome fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. QCOC is actively managed, while FDL is passively managed. Over the past year, QCOC returned 14.66% vs 25.50% for FDL. At a 0.14 correlation, their price movements are largely independent. QCOC charges 0.90%/yr vs 0.45%/yr for FDL.
Performance
QCOC vs. FDL - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, QCOC achieves a 6.29% return, which is significantly lower than FDL's 14.21% return.
QCOC
- 1D
- -0.06%
- 1M
- 1.76%
- YTD
- 6.29%
- 6M
- 6.43%
- 1Y
- 14.66%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.78%
- 1M
- 0.32%
- YTD
- 14.21%
- 6M
- 15.52%
- 1Y
- 25.50%
- 3Y*
- 19.57%
- 5Y*
- 12.69%
- 10Y*
- 11.28%
QCOC vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QCOC FT Vest Nasdaq-100 Conservative Buffer ETF - October | 6.29% | 11.18% | 2.01% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.21% | 14.79% | -2.11% |
Correlation
The correlation between QCOC and FDL is 0.03, 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 | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 22, 2024 | 0.14 |
The correlation between QCOC and FDL shifts across timeframes, from 0.03 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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
QCOC vs. FDL — Risk / Return Rank
QCOC
FDL
QCOC vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Conservative Buffer ETF - October (QCOC) 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.
| QCOC | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.40 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.17 | 5.99 | -2.82 |
| Martin ratioReturn relative to average drawdown | 14.46 | 14.59 | -0.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| QCOC | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.49 | 2.27 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.32 | 0.45 | +0.86 |
Drawdowns
QCOC vs. FDL - Drawdown Comparison
The maximum QCOC drawdown since its inception was -10.45%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for QCOC and FDL.
Loading charts...
Drawdown Indicators
| QCOC | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.45% | -65.93% | +55.48% |
Max Drawdown (1Y)Largest decline over 1 year | -4.64% | -4.27% | -0.37% |
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 | -0.21% | -1.41% | +1.20% |
Average DrawdownAverage peak-to-trough decline | -1.07% | -9.66% | +8.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.75% | -0.73% |
Volatility
QCOC vs. FDL - Volatility Comparison
The current volatility for FT Vest Nasdaq-100 Conservative Buffer ETF - October (QCOC) is 0.88%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 2.95%. This indicates that QCOC experiences smaller price fluctuations and is considered to be less risky than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| QCOC | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.88% | 2.95% | -2.07% |
Volatility (6M)Calculated over the trailing 6-month period | 4.91% | 7.85% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.91% | 11.30% | -5.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.39% | 14.31% | -4.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.39% | 17.11% | -7.72% |
QCOC vs. FDL - Expense Ratio Comparison
QCOC has a 0.90% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
QCOC vs. FDL - Dividend Comparison
QCOC has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.65% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
QCOC FT Vest Nasdaq-100 Conservative Buffer ETF - October | 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
QCOC and FDL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (2.95%) compared to QCOC (0.88%). In terms of maximum drawdown, QCOC dropped -10.45% vs FDL's -65.93%.
On 1-year performance, FDL leads with 25.50% vs 14.66% for QCOC. On fees, FDL is cheaper at 0.45% per year. On volatility, QCOC has been the lower-risk option at 0.88%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDL has performed better with a 25.50% return vs 14.66%. 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 0.90% for QCOC.
FDL has the higher dividend yield at 3.65%, compared with 0.00% for QCOC.
QCOC is categorized as Defined Outcome, while FDL is Large Cap Value Equities. Their fees differ too: 0.90% for QCOC and 0.45% for FDL.
QCOC currently has the higher Sharpe Ratio (2.49 vs 2.27), 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.
Find the right allocation for QCOC 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