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RDIV vs. FAB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

RDIV vs. FAB

Last updated Jun 24, 2026

RDIV (Invesco S&P Ultra Dividend Revenue ETF) and FAB (First Trust Multi Cap Value AlphaDEX Fund) are both Mid Cap Value Equities funds - RDIV tracks the S&P 900 Dividend Revenue-Weighted Index while FAB tracks the NASDAQ AlphaDEX Multi Cap Value Index. Both are passively managed. Over the past 10 years, RDIV returned 11.03%/yr vs 11.08%/yr for FAB. Their correlation of 0.85 suggests significant overlap in exposure. RDIV charges 0.39%/yr vs 0.64%/yr for FAB.

Performance

RDIV vs. FAB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P Ultra Dividend Revenue ETF (RDIV) and First Trust Multi Cap Value AlphaDEX Fund (FAB). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, RDIV achieves a 13.79% return, which is significantly higher than FAB's 12.76% return. Both investments have delivered pretty close results over the past 10 years, with RDIV having a 11.03% annualized return and FAB not far ahead at 11.08%.

RDIV

1D
1.18%
1M
0.13%
YTD
13.79%
6M
13.59%
1Y
28.68%
3Y*
19.82%
5Y*
11.36%
10Y*
11.03%

FAB

1D
0.70%
1M
1.98%
YTD
12.76%
6M
12.00%
1Y
26.53%
3Y*
15.64%
5Y*
8.97%
10Y*
11.08%
*Multi-year figures are annualized to reflect compound growth (CAGR)

RDIV vs. FAB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
RDIV
Invesco S&P Ultra Dividend Revenue ETF		13.79%12.36%15.17%4.66%7.16%29.12%-9.31%22.62%-4.78%11.63%
FAB
First Trust Multi Cap Value AlphaDEX Fund		12.76%9.86%7.82%15.81%-6.79%30.83%2.40%23.73%-14.62%14.62%

Correlation

The correlation between RDIV and FAB is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.84

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.90

Correlation (10Y)
Calculated over the trailing 10-year period

0.88

Correlation (All Time)
Calculated using the full available price history since Oct 1, 2013

0.85

The correlation between RDIV and FAB has been stable across timeframes, ranging from 0.84 to 0.90 - a consistent structural relationship.

RDIV vs. FAB - Sectors Allocation Comparison

Sectors
RDIV
FAB

Financial Services

17.8%
23.9%

Energy

17.3%
8.3%

Consumer Cyclical

15.0%
13.9%

Consumer Defensive

14.6%
5.9%

Communication Services

8.8%
2.7%

Real Estate

7.3%
7.7%

Healthcare

6.8%
7.1%

Technology

6.2%
7.9%

Utilities

6.2%
6.2%

Basic Materials

0.5%
3.9%

Industrials

-

12.0%

Financial Services

RDIV
17.8%
FAB
23.9%

Energy

RDIV
17.3%
FAB
8.3%

Consumer Cyclical

RDIV
15.0%
FAB
13.9%

Consumer Defensive

RDIV
14.6%
FAB
5.9%

Communication Services

RDIV
8.8%
FAB
2.7%

Real Estate

RDIV
7.3%
FAB
7.7%

Healthcare

RDIV
6.8%
FAB
7.1%

Technology

RDIV
6.2%
FAB
7.9%

Utilities

RDIV
6.2%
FAB
6.2%

Basic Materials

RDIV
0.5%
FAB
3.9%

Industrials

RDIV

-

FAB
12.0%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P Ultra Dividend Revenue ETF

First Trust Multi Cap Value AlphaDEX Fund

Often compared with RDIV:
RDIV vs. SCHDRDIV vs. VOORDIV vs. AFKRDIV vs. VYMRDIV vs. BKERDIV vs. SPYRDIV vs. EQQQ.DE
Often compared with FAB:
FAB vs. FNCMXFAB vs. MTUMFAB vs. CVARFAB vs. ABLDFAB vs. QQQMFAB vs. IMCVFAB vs. SPUS

Return for Risk

RDIV vs. FAB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
RDIV
RDIV Risk / Return Rank: 7878
Overall Rank
RDIV Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
RDIV Sortino Ratio Rank: 7575
Sortino Ratio Rank
RDIV Omega Ratio Rank: 6666
Omega Ratio Rank
RDIV Calmar Ratio Rank: 9292
Calmar Ratio Rank
RDIV Martin Ratio Rank: 8585
Martin Ratio Rank
FAB
FAB Risk / Return Rank: 6969
Overall Rank
FAB Sharpe Ratio Rank: 6363
Sharpe Ratio Rank
FAB Sortino Ratio Rank: 7171
Sortino Ratio Rank
FAB Omega Ratio Rank: 6060
Omega Ratio Rank
FAB Calmar Ratio Rank: 8181
Calmar Ratio Rank
FAB Martin Ratio Rank: 7272
Martin Ratio Rank
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.

RDIV vs. FAB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P Ultra Dividend Revenue ETF (RDIV) and First Trust Multi Cap Value AlphaDEX Fund (FAB). 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.

RDIVFABDifference
Sharpe ratioReturn per unit of total volatility
2.15
1.93

+0.22

Sortino ratioReturn per unit of downside risk
3.15
2.93

+0.22

Omega ratioGain probability vs. loss probability

1.37

1.34

+0.03

Calmar ratioReturn relative to maximum drawdown

5.95

4.01

+1.94

Martin ratioReturn relative to average drawdown

17.00

12.40

+4.60

RDIV vs. FAB - Sharpe Ratio Comparison

The current RDIV Sharpe Ratio is 2.15, which is comparable to the FAB Sharpe Ratio of 1.93. The chart below compares the historical Sharpe Ratios of RDIV and FAB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

RDIV vs. FAB - Drawdown Comparison

The maximum RDIV drawdown since its inception was -49.97%, smaller than the maximum FAB drawdown of -63.29%. Use the drawdown chart below to compare losses from any high point for RDIV and FAB.

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Drawdown Indicators

RDIVFABDifference

Max Drawdown

Largest peak-to-trough decline

-49.97%

-63.29%

+13.32%

Max Drawdown (1Y)

Largest decline over 1 year

-4.84%

-6.65%

+1.81%

Max Drawdown (3Y)

Largest decline over 3 years

-17.91%

-22.91%

+5.00%

Max Drawdown (5Y)

Largest decline over 5 years

-24.89%

-22.91%

-1.98%

Max Drawdown (10Y)

Largest decline over 10 years

-49.97%

-47.08%

-2.89%

Current Drawdown

Current decline from peak

-2.54%

-1.38%

-1.16%

Average Drawdown

Average peak-to-trough decline

-5.84%

-9.23%

+3.39%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.69%

2.15%

-0.46%

Volatility

RDIV vs. FAB - Volatility Comparison

Invesco S&P Ultra Dividend Revenue ETF (RDIV) has a higher volatility of 4.58% compared to First Trust Multi Cap Value AlphaDEX Fund (FAB) at 3.30%. This indicates that RDIV's price experiences larger fluctuations and is considered to be riskier than FAB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

RDIVFABDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.58%

3.30%

+1.28%

Volatility (6M)

Calculated over the trailing 6-month period

9.01%

8.70%

+0.31%

Volatility (1Y)

Calculated over the trailing 1-year period

13.41%

13.81%

-0.40%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.48%

18.67%

-1.19%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.89%

22.02%

-0.13%

RDIV vs. FAB - Expense Ratio Comparison

RDIV has a 0.39% expense ratio, which is lower than FAB's 0.64% expense ratio.

Dividends

RDIV vs. FAB - Dividend Comparison

RDIV's dividend yield for the trailing twelve months is around 3.72%, more than FAB's 1.56% yield.

PositionTTM20252024202320222021202020192018201720162015
FAB
First Trust Multi Cap Value AlphaDEX Fund		1.56%1.57%2.00%1.94%1.80%1.32%1.59%1.75%1.96%1.42%1.40%1.62%
RDIV
Invesco S&P Ultra Dividend Revenue ETF		3.72%3.94%4.08%3.93%3.44%3.31%4.93%3.84%4.32%4.26%2.20%4.49%

Frequently Asked Questions

RDIV and FAB have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

RDIV has higher volatility (4.58%) compared to FAB (3.30%). In terms of maximum drawdown, RDIV dropped -49.97% vs FAB's -63.29%.

On 10-year performance, FAB leads with 11.08% vs 11.03% for RDIV. On fees, RDIV is cheaper at 0.39% per year. On volatility, FAB has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, FAB has performed better with a 11.08% return vs 11.03%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

RDIV is cheaper with a 0.39% expense ratio, compared with 0.64% for FAB.

RDIV has the higher dividend yield at 3.72%, compared with 1.56% for FAB.

RDIV tracks S&P 900 Dividend Revenue-Weighted Index, while FAB tracks NASDAQ AlphaDEX Multi Cap Value Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.39% for RDIV and 0.64% for FAB.

RDIV currently has the higher Sharpe Ratio (2.15 vs 1.93), 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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