RDTL vs. FDL

Last updated Jun 23, 2026

RDTL (GraniteShares 2x Long RDDT Daily ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - RDTL is a Leveraged Equities fund actively managed by GraniteShares, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. RDTL is actively managed, while FDL is passively managed. Over the past year, RDTL returned -17.21% vs 21.02% for FDL. At a correlation of -0.03, they often move in opposite directions. RDTL charges 1.50%/yr vs 0.43%/yr for FDL.

Performance

RDTL vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in GraniteShares 2x Long RDDT Daily ETF (RDTL) and First Trust Morningstar Dividend Leaders Index Fund (FDL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDTL achieves a -59.26% return, which is significantly lower than FDL's 11.33% return.

RDTL

• 1D: -4.71%
• 1M: 35.48%
• YTD: -59.26%
• 6M: -60.59%
• 1Y: -17.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: -0.16%
• 1M: -3.91%
• YTD: 11.33%
• 6M: 11.38%
• 1Y: 21.02%
• 3Y*: 18.63%
• 5Y*: 12.95%
• 10Y*: 10.99%

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

RDTL vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025
RDTL GraniteShares 2x Long RDDT Daily ETF	-59.26%	104.22%
FDL First Trust Morningstar Dividend Leaders Index Fund	11.33%	6.28%

Correlation

The correlation between RDTL and FDL is -0.08, 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	-0.08
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025	-0.03

RDTL vs. FDL - Sectors Allocation Comparison

Sectors	RDTL	FDL
Communication Services	66.7%	10.6%
Basic Materials	-	0.3%
Consumer Cyclical	-	4.7%
Consumer Defensive	-	14.4%
Energy	-	25.7%
Financial Services	-	15.2%
Healthcare	-	17.6%
Industrials	-	3.9%
Real Estate	-	-
Technology	-	1.4%
Utilities	-	6.5%

Return for Risk

RDTL vs. FDL — Risk / Return Rank

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

RDTL

RDTL Risk / Return Rank: 10
RDTL Sharpe Ratio Rank: 7
RDTL Sortino Ratio Rank: 15
RDTL Omega Ratio Rank: 14
RDTL Calmar Ratio Rank: 7
RDTL Martin Ratio Rank: 7

FDL

FDL Risk / Return Rank: 65
FDL Sharpe Ratio Rank: 57
FDL Sortino Ratio Rank: 62
FDL Omega Ratio Rank: 53
FDL Calmar Ratio Rank: 88
FDL Martin Ratio Rank: 66

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.

RDTL vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for GraniteShares 2x Long RDDT Daily ETF (RDTL) 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.

	RDTL	FDL	Difference
Sharpe ratio: Return per unit of total volatility	-0.13	1.84	-1.97
Sortino ratio: Return per unit of downside risk	0.76	2.80	-2.04
Omega ratio: Gain probability vs. loss probability	1.09	1.32	-0.23
Calmar ratio: Return relative to maximum drawdown	-0.20	4.94	-5.14
Martin ratio: Return relative to average drawdown	-0.31	11.71	-12.02

RDTL vs. FDL - Sharpe Ratio Comparison

The current RDTL Sharpe Ratio is -0.13, which is lower than the FDL Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of RDTL and FDL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RDTL vs. FDL - Drawdown Comparison

The maximum RDTL drawdown since its inception was -85.21%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for RDTL and FDL.

Drawdown Indicators

	RDTL	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-85.21%	-65.93%	-19.28%
Max Drawdown (1Y) Largest decline over 1 year	-85.21%	-4.27%	-80.94%
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	-75.20%	-4.24%	-70.96%
Average Drawdown Average peak-to-trough decline	-44.82%	-9.64%	-35.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	55.32%	1.80%	+53.52%

Volatility

RDTL vs. FDL - Volatility Comparison

GraniteShares 2x Long RDDT Daily ETF (RDTL) has a higher volatility of 48.63% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 3.52%. This indicates that RDTL'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.

Volatility by Period

	RDTL	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	48.63%	3.52%	+45.11%
Volatility (6M) Calculated over the trailing 6-month period	95.60%	8.03%	+87.57%
Volatility (1Y) Calculated over the trailing 1-year period	132.04%	11.51%	+120.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	143.17%	14.30%	+128.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	143.17%	17.13%	+126.04%

RDTL vs. FDL - Expense Ratio Comparison

RDTL has a 1.50% expense ratio, which is higher than FDL's 0.43% expense ratio.

Dividends

RDTL vs. FDL - Dividend Comparison

RDTL has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.74%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.74%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
RDTL GraniteShares 2x Long RDDT Daily 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 RDTL and FDL in my portfolio?

RDTL and FDL have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDTL or FDL?

RDTL has higher volatility (48.63%) compared to FDL (3.52%). In terms of maximum drawdown, RDTL dropped -85.21% vs FDL's -65.93%.

Which ETF is better, RDTL or FDL?

On 1-year performance, FDL leads with 21.02% vs -17.21% for RDTL. On fees, FDL is cheaper at 0.43% per year. On volatility, FDL has been the lower-risk option at 3.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDTL or FDL?

Over the 1-year period, FDL has performed better with a 21.02% return vs -17.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDTL or FDL?

FDL is cheaper with a 0.43% expense ratio, compared with 1.50% for RDTL.

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

FDL has the higher dividend yield at 3.74%, compared with 0.00% for RDTL.

What is the main difference between RDTL and FDL?

RDTL is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: GraniteShares and First Trust. Their fees differ too: 1.50% for RDTL and 0.43% for FDL.

Which has better risk-adjusted returns?

FDL currently has the higher Sharpe Ratio (1.84 vs -0.13), 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.