RBLU vs. FDL
RBLU (T-Rex 2X Long RBLX Daily Target ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - RBLU is a Leveraged Equities fund tracking the Roblox Corp. Class A (RBLX), while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. Over the past year, RBLU returned -96.05% vs 28.15% for FDL. Their -0.09 correlation means they have often moved in opposite directions in the past. RBLU charges 1.05%/yr vs 0.43%/yr for FDL.
Performance
RBLU vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, RBLU achieves a -88.47% return, which is significantly lower than FDL's 18.62% return.
RBLU
- 1D
- 6.33%
- 1M
- -63.24%
- 6M
- -82.19%
- YTD
- -88.47%
- 1Y
- -96.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -74.71%
FDL
- 1D
- 0.39%
- 1M
- 3.67%
- 6M
- 9.83%
- YTD
- 18.62%
- 1Y
- 28.15%
- 3Y*
- 19.02%
- 5Y*
- 14.10%
- 10Y*
- 11.08%
- ALL TIME*
- 8.96%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $51.38M | $49.50M | $43.21M | |
| $3.87M | $2.37M | $2.31M |
RBLU vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RBLU T-Rex 2X Long RBLX Daily Target ETF | -88.47% | 23.90% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.62% | 5.44% |
Correlation
The correlation between RBLU and FDL is -0.14, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.14 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2025 | -0.09 |
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Return for Risk
RBLU vs. FDL — Risk / Return Rank
RBLU
FDL
RBLU vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long RBLX Daily Target ETF (RBLU) 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.
| RBLU | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -3.09 | ||
| Sortino ratioReturn per unit of downside risk | -5.59 | ||
| Omega ratioGain probability vs. loss probability | 0.74 | 1.42 | -0.68 |
| Calmar ratioReturn relative to maximum drawdown | -0.99 | 6.62 | -7.61 |
| Martin ratioReturn relative to average drawdown | -1.34 | 15.62 | -16.95 |
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Drawdowns
RBLU vs. FDL - Drawdown Comparison
The maximum RBLU drawdown since its inception was -96.97%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for RBLU and FDL.
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Drawdown Indicators
| RBLU | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.97% | -65.93% | -31.04% |
Max Drawdown (1Y)Largest decline over 1 year | -96.92% | -4.27% | -92.65% |
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 | -96.78% | -1.58% | -95.20% |
Average DrawdownAverage peak-to-trough decline | -48.52% | -9.59% | -38.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 71.70% | 1.81% | +69.89% |
Volatility
RBLU vs. FDL - Volatility Comparison
T-Rex 2X Long RBLX Daily Target ETF (RBLU) has a higher volatility of 82.34% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 4.65%. This indicates that RBLU'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
| RBLU | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 82.34% | 4.65% | +77.69% |
Volatility (6M)Calculated over the trailing 6-month period | 126.24% | 8.75% | +117.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 135.50% | 11.89% | +123.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 127.71% | 14.44% | +113.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 127.71% | 17.16% | +110.55% |
RBLU vs. FDL - Expense Ratio Comparison
RBLU has a 1.05% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
RBLU vs. FDL - Dividend Comparison
RBLU's dividend yield for the trailing twelve months is around 11.23%, more than FDL's 3.58% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.58% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
RBLU T-Rex 2X Long RBLX Daily Target ETF | 11.23% | 1.29% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RBLU and FDL have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
RBLU has higher volatility (82.34%) compared to FDL (4.65%). In terms of maximum drawdown, RBLU dropped -96.97% vs FDL's -65.93%.
On 1-year performance, FDL leads with 28.15% vs -96.05% for RBLU. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 4.65%. 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 28.15% return vs -96.05%. 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 1.05% for RBLU.
RBLU has the higher dividend yield at 11.23%, compared with 3.58% for FDL.
RBLU is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. RBLU tracks Roblox Corp. Class A (RBLX), while FDL tracks Morningstar Dividend Leaders Index. They also come from different issuers: T-Rex and First Trust. Their fees differ too: 1.05% for RBLU and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (2.38 vs -0.71), 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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