RDVI vs. ACII

Last updated Jun 4, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and ACII (Innovator Index Autocallable Income Strategy ETF) are both Derivative Income funds. RDVI is passively managed, while ACII is actively managed. At a correlation of -0.40, they often move in opposite directions. RDVI charges 0.75%/yr vs 0.79%/yr for ACII.

Performance

RDVI vs. ACII - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Innovator Index Autocallable Income Strategy ETF (ACII). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

RDVI

• 1D: 0.07%
• 1M: 2.77%
• YTD: 9.43%
• 6M: 10.61%
• 1Y: 24.98%
• 3Y*: 18.62%
• 5Y*: —
• 10Y*: —

ACII

• 1D: -0.95%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDVI vs. ACII - Yearly Performance Comparison

	2026 (YTD)
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	0.91%
ACII Innovator Index Autocallable Income Strategy ETF	-1.10%

Correlation

The correlation between RDVI and ACII is -0.40, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.40

Return for Risk

RDVI vs. ACII — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 58
RDVI Sharpe Ratio Rank: 55
RDVI Sortino Ratio Rank: 57
RDVI Omega Ratio Rank: 54
RDVI Calmar Ratio Rank: 59
RDVI Martin Ratio Rank: 67

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.

RDVI vs. ACII - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) and Innovator Index Autocallable Income Strategy ETF (ACII). 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.

	RDVI	ACII	Difference
Sharpe ratio Return per unit of total volatility	1.89	—	—
Sortino ratio Return per unit of downside risk	2.74	—	—
Omega ratio Gain probability vs. loss probability	1.34	—	—
Calmar ratio Return relative to maximum drawdown	2.96	—	—
Martin ratio Return relative to average drawdown	12.48	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	RDVI	ACII	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.89	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.19	-7.55	+8.74

Drawdowns

RDVI vs. ACII - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, which is greater than ACII's maximum drawdown of -1.27%. Use the drawdown chart below to compare losses from any high point for RDVI and ACII.

Drawdown Indicators

	RDVI	ACII	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-1.27%	-17.08%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	—	—
Current Drawdown Current decline from peak	-0.43%	-1.27%	+0.84%
Average Drawdown Average peak-to-trough decline	-3.17%	-0.42%	-2.75%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	—	—

Volatility

Volatility by Period

	RDVI	ACII	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.66%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.50%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.27%	7.65%	+5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	7.65%	+9.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	7.65%	+9.26%

RDVI vs. ACII - Expense Ratio Comparison

RDVI has a 0.75% expense ratio, which is lower than ACII's 0.79% expense ratio.

Dividends

RDVI vs. ACII - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.94%, more than ACII's 0.74% yield.

Position	TTM	2025	2024	2023	2022
ACII Innovator Index Autocallable Income Strategy ETF	0.74%	0.00%	0.00%	0.00%	0.00%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.94%	8.10%	8.62%	8.45%	1.53%

Frequently Asked Questions

Can I hold both RDVI and ACII in my portfolio?

RDVI and ACII have a correlation of -0.40, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RDVI or ACII?

On fees, RDVI is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RDVI or ACII?

RDVI is cheaper with a 0.75% expense ratio, compared with 0.79% for ACII.

Which ETF pays a higher dividend yield, RDVI or ACII?

RDVI has the higher dividend yield at 7.94%, compared with 0.74% for ACII.

What is the main difference between RDVI and ACII?

They also come from different issuers: FT Vest and Innovator. Their fees differ too: 0.75% for RDVI and 0.79% for ACII.