QMMY vs. FDL
QMMY (FT Vest Nasdaq-100 Moderate Buffer ETF - May) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - QMMY is a Nasdaq-100 fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. QMMY is actively managed, while FDL is passively managed. Over the past year, QMMY returned 12.75% vs 22.39% for FDL. At a 0.12 correlation, their price movements are largely independent. QMMY charges 0.90%/yr vs 0.43%/yr for FDL.
Performance
QMMY vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, QMMY achieves a 4.05% return, which is significantly lower than FDL's 12.67% return.
QMMY
- 1D
- -1.37%
- 1M
- -0.76%
- YTD
- 4.05%
- 6M
- 3.89%
- 1Y
- 12.75%
- 3Y*
- —
- 5Y*
- —
- 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%
QMMY vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May | 4.05% | 15.80% | 8.37% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 12.67% | 14.79% | 7.57% |
Correlation
The correlation between QMMY 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 May 20, 2024 | 0.12 |
The correlation between QMMY and FDL shifts across timeframes, from -0.03 (1 year) to 0.12 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
QMMY vs. FDL — Risk / Return Rank
QMMY
FDL
QMMY vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) 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.
| QMMY | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 5.26 | -1.91 |
| Martin ratioReturn relative to average drawdown | 16.89 | 12.40 | +4.49 |
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Drawdowns
QMMY vs. FDL - Drawdown Comparison
The maximum QMMY drawdown since its inception was -12.82%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for QMMY and FDL.
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Drawdown Indicators
| QMMY | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.82% | -65.93% | +53.11% |
Max Drawdown (1Y)Largest decline over 1 year | -3.82% | -4.27% | +0.45% |
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 | -2.03% | -3.09% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -1.13% | -9.64% | +8.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.76% | 1.81% | -1.05% |
Volatility
QMMY vs. FDL - Volatility Comparison
FT Vest Nasdaq-100 Moderate Buffer ETF - May (QMMY) has a higher volatility of 4.19% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.72%. This indicates that QMMY'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
| QMMY | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.72% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 6.15% | 8.09% | -1.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.28% | 11.54% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.08% | 14.31% | -3.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 11.08% | 17.11% | -6.03% |
QMMY vs. FDL - Expense Ratio Comparison
QMMY has a 0.90% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
QMMY vs. FDL - Dividend Comparison
QMMY 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% |
QMMY FT Vest Nasdaq-100 Moderate Buffer ETF - May | 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
QMMY 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.
QMMY has higher volatility (4.19%) compared to FDL (3.72%). In terms of maximum drawdown, QMMY dropped -12.82% vs FDL's -65.93%.
On 1-year performance, FDL leads with 22.39% vs 12.75% for QMMY. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 3.72%. 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 22.39% return vs 12.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 0.90% for QMMY.
FDL has the higher dividend yield at 3.70%, compared with 0.00% for QMMY.
QMMY is categorized as Nasdaq-100, while FDL is Large Cap Value Equities. Their fees differ too: 0.90% for QMMY and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (1.95 vs 1.76), 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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