RDVI vs. HYTI

Last updated Jun 5, 2026

RDVI (FT Cboe Vest Rising Dividend Achievers Target Income ETF) and HYTI (FT Vest High Yield & Target Income ETF) are both Derivative Income funds from FT Vest. RDVI is passively managed, while HYTI is actively managed. Over the past year, RDVI returned 26.63% vs 6.93% for HYTI. A 0.53 correlation means they provide meaningful diversification when combined. RDVI charges 0.75%/yr vs 0.65%/yr for HYTI.

Performance

RDVI vs. HYTI - 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 FT Vest High Yield & Target Income ETF (HYTI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RDVI achieves a 10.69% return, which is significantly higher than HYTI's 1.90% return.

RDVI

• 1D: 1.15%
• 1M: 3.01%
• YTD: 10.69%
• 6M: 11.63%
• 1Y: 26.63%
• 3Y*: 19.39%
• 5Y*: —
• 10Y*: —

HYTI

• 1D: 0.05%
• 1M: 0.37%
• YTD: 1.90%
• 6M: 2.34%
• 1Y: 6.93%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

RDVI vs. HYTI - Yearly Performance Comparison

	2026 (YTD)	2025
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	10.69%	12.32%
HYTI FT Vest High Yield & Target Income ETF	1.90%	7.01%

Correlation

The correlation between RDVI and HYTI is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.47
Correlation (All Time) Calculated using the full available price history since Feb 14, 2025	0.53

The correlation between RDVI and HYTI has been stable across timeframes, ranging from 0.47 to 0.53 - a consistent structural relationship.

Return for Risk

RDVI vs. HYTI — Risk / Return Rank

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

RDVI

RDVI Risk / Return Rank: 64
RDVI Sharpe Ratio Rank: 61
RDVI Sortino Ratio Rank: 63
RDVI Omega Ratio Rank: 60
RDVI Calmar Ratio Rank: 64
RDVI Martin Ratio Rank: 72

HYTI

HYTI Risk / Return Rank: 60
HYTI Sharpe Ratio Rank: 55
HYTI Sortino Ratio Rank: 59
HYTI Omega Ratio Rank: 59
HYTI Calmar Ratio Rank: 60
HYTI Martin Ratio Rank: 68

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. HYTI - 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 FT Vest High Yield & Target Income ETF (HYTI). 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	HYTI	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.83	+0.19
Sortino ratio: Return per unit of downside risk	2.90	2.76	+0.13
Omega ratio: Gain probability vs. loss probability	1.36	1.35	+0.01
Calmar ratio: Return relative to maximum drawdown	3.15	2.92	+0.23
Martin ratio: Return relative to average drawdown	13.31	12.41	+0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

RDVI vs. HYTI - Sharpe Ratio Comparison

The current RDVI Sharpe Ratio is 2.01, which is comparable to the HYTI Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of RDVI and HYTI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	RDVI	HYTI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.83	+0.19
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	1.33	-0.12

Drawdowns

RDVI vs. HYTI - Drawdown Comparison

The maximum RDVI drawdown since its inception was -18.35%, which is greater than HYTI's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for RDVI and HYTI.

Drawdown Indicators

	RDVI	HYTI	Difference
Max Drawdown Largest peak-to-trough decline	-18.35%	-4.47%	-13.88%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-2.38%	-6.10%
Max Drawdown (3Y) Largest decline over 3 years	-18.35%	—	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-3.17%	-0.46%	-2.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.01%	0.56%	+1.45%

Volatility

RDVI vs. HYTI - Volatility Comparison

FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) has a higher volatility of 3.72% compared to FT Vest High Yield & Target Income ETF (HYTI) at 1.11%. This indicates that RDVI's price experiences larger fluctuations and is considered to be riskier than HYTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RDVI	HYTI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	1.11%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	10.54%	3.02%	+7.52%
Volatility (1Y) Calculated over the trailing 1-year period	13.30%	3.82%	+9.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.91%	5.21%	+11.70%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.91%	5.21%	+11.70%

RDVI vs. HYTI - Expense Ratio Comparison

RDVI has a 0.75% expense ratio, which is higher than HYTI's 0.65% expense ratio.

Dividends

RDVI vs. HYTI - Dividend Comparison

RDVI's dividend yield for the trailing twelve months is around 7.85%, less than HYTI's 10.39% yield.

Position	TTM	2025	2024	2023	2022
HYTI FT Vest High Yield & Target Income ETF	10.39%	8.10%	0.00%	0.00%	0.00%
RDVI FT Cboe Vest Rising Dividend Achievers Target Income ETF	7.85%	8.10%	8.62%	8.45%	1.53%

Frequently Asked Questions

Can I hold both RDVI and HYTI in my portfolio?

RDVI and HYTI have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RDVI or HYTI?

RDVI has higher volatility (3.72%) compared to HYTI (1.11%). In terms of maximum drawdown, RDVI dropped -18.35% vs HYTI's -4.47%.

Which ETF is better, RDVI or HYTI?

On 1-year performance, RDVI leads with 26.63% vs 6.93% for HYTI. On fees, HYTI is cheaper at 0.65% per year. On volatility, HYTI has been the lower-risk option at 1.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RDVI or HYTI?

Over the 1-year period, RDVI has performed better with a 26.63% return vs 6.93%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RDVI or HYTI?

HYTI is cheaper with a 0.65% expense ratio, compared with 0.75% for RDVI.

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

HYTI has the higher dividend yield at 10.39%, compared with 7.85% for RDVI.

What is the main difference between RDVI and HYTI?

Their fees differ too: 0.75% for RDVI and 0.65% for HYTI.

Which has better risk-adjusted returns?

RDVI currently has the higher Sharpe Ratio (2.01 vs 1.83), 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.