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REGL vs. FDM
Performance
Return for Risk
Dividends
Drawdowns
Volatility

REGL vs. FDM

Last updated Apr 1, 2026

Compare and contrast key facts about ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and First Trust Dow Jones Select MicroCap Index Fund (FDM).

REGL and FDM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. REGL is a passively managed fund by ProShares that tracks the performance of the S&P MidCap 400 Dividend Aristocrats Index. It was launched on Feb 5, 2015. FDM is a passively managed fund by First Trust that tracks the performance of the Dow Jones Select Microcap Index. It was launched on Sep 27, 2005. Both REGL and FDM are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

REGL vs. FDM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and First Trust Dow Jones Select MicroCap Index Fund (FDM). The values are adjusted to include any dividend payments, if applicable.

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REGL vs. FDM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF		3.22%6.89%12.26%5.41%-0.62%20.38%7.50%18.79%-3.25%10.17%
FDM
First Trust Dow Jones Select MicroCap Index Fund		3.39%18.64%13.00%12.76%-11.61%35.08%-4.04%27.45%-13.53%8.72%

Returns By Period

In the year-to-date period, REGL achieves a 3.22% return, which is significantly lower than FDM's 3.39% return. Over the past 10 years, REGL has underperformed FDM with an annualized return of 9.51%, while FDM has yielded a comparatively higher 11.22% annualized return.

REGL

1D
1.37%
1M
-5.30%
YTD
3.22%
6M
2.59%
1Y
9.63%
3Y*
9.51%
5Y*
6.82%
10Y*
9.51%

FDM

1D
1.32%
1M
-3.24%
YTD
3.39%
6M
9.17%
1Y
33.86%
3Y*
17.23%
5Y*
7.95%
10Y*
11.22%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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

ProShares S&P MidCap 400 Dividend Aristocrats ETF

First Trust Dow Jones Select MicroCap Index Fund

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Often compared with FDM:
FDM vs. IWCFDM vs. PVIVXFDM vs. DFSCXFDM vs. JMCRXFDM vs. VBFDM vs. SPYFDM vs. SCHD

REGL vs. FDM - Expense Ratio Comparison

REGL has a 0.40% expense ratio, which is lower than FDM's 0.60% expense ratio.

FDM
First Trust Dow Jones Select MicroCap Index Fund
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF

Return for Risk

REGL vs. FDM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
REGL
REGL Risk / Return Rank: 3535
Overall Rank
REGL Sharpe Ratio Rank: 3434
Sharpe Ratio Rank
REGL Sortino Ratio Rank: 3535
Sortino Ratio Rank
REGL Omega Ratio Rank: 3131
Omega Ratio Rank
REGL Calmar Ratio Rank: 3939
Calmar Ratio Rank
REGL Martin Ratio Rank: 3737
Martin Ratio Rank
FDM
FDM Risk / Return Rank: 8383
Overall Rank
FDM Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
FDM Sortino Ratio Rank: 8484
Sortino Ratio Rank
FDM Omega Ratio Rank: 7878
Omega Ratio Rank
FDM Calmar Ratio Rank: 8888
Calmar Ratio Rank
FDM Martin Ratio Rank: 8585
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.

REGL vs. FDM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) and First Trust Dow Jones Select MicroCap Index Fund (FDM). 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.

REGLFDMDifference

Sharpe ratio

Return per unit of total volatility

0.60

1.53

-0.93

Sortino ratio

Return per unit of downside risk

0.97

2.22

-1.25

Omega ratio

Gain probability vs. loss probability

1.12

1.29

-0.17

Calmar ratio

Return relative to maximum drawdown

0.94

2.78

-1.84

Martin ratio

Return relative to average drawdown

3.29

9.61

-6.31

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

REGL vs. FDM - Sharpe Ratio Comparison

The current REGL Sharpe Ratio is 0.60, which is lower than the FDM Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of REGL and FDM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

REGLFDMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.60

1.53

-0.93

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.43

0.37

+0.05

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.52

0.48

+0.04

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.34

+0.19

Correlation

The correlation between REGL and FDM is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

REGL vs. FDM - Dividend Comparison

REGL's dividend yield for the trailing twelve months is around 2.25%, more than FDM's 1.33% yield.

TTM20252024202320222021202020192018201720162015
REGL
ProShares S&P MidCap 400 Dividend Aristocrats ETF		2.25%2.32%2.28%2.40%2.32%2.50%2.41%1.96%2.09%1.63%1.20%1.66%
FDM
First Trust Dow Jones Select MicroCap Index Fund		1.33%1.43%1.56%1.81%1.80%1.08%1.68%1.37%1.26%0.97%1.13%1.45%

Drawdowns

REGL vs. FDM - Drawdown Comparison

The maximum REGL drawdown since its inception was -36.37%, smaller than the maximum FDM drawdown of -63.45%. Use the drawdown chart below to compare losses from any high point for REGL and FDM.

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Drawdown Indicators

REGLFDMDifference

Max Drawdown

Largest peak-to-trough decline

-36.37%

-63.45%

+27.08%

Max Drawdown (1Y)

Largest decline over 1 year

-10.94%

-11.99%

+1.05%

Max Drawdown (5Y)

Largest decline over 5 years

-16.96%

-23.74%

+6.78%

Max Drawdown (10Y)

Largest decline over 10 years

-36.37%

-47.76%

+11.39%

Current Drawdown

Current decline from peak

-6.51%

-5.74%

-0.77%

Average Drawdown

Average peak-to-trough decline

-4.09%

-11.43%

+7.34%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.11%

3.46%

-0.35%

Volatility

REGL vs. FDM - Volatility Comparison

The current volatility for ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL) is 4.35%, while First Trust Dow Jones Select MicroCap Index Fund (FDM) has a volatility of 6.37%. This indicates that REGL experiences smaller price fluctuations and is considered to be less risky than FDM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

REGLFDMDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.35%

6.37%

-2.02%

Volatility (6M)

Calculated over the trailing 6-month period

9.21%

14.17%

-4.96%

Volatility (1Y)

Calculated over the trailing 1-year period

16.27%

22.29%

-6.02%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.11%

21.53%

-5.42%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.31%

23.33%

-5.02%