RFDA vs. IWLG

Last updated Aug 5, 2026

RFDA (RiverFront Dynamic US Dividend Advantage ETF) and IWLG (NYLI Winslow Large Cap Growth ETF) are both Large Cap Growth Equities funds. Both are actively managed. Over the past 3 years, RFDA returned 19.35%/yr vs 21.69%/yr for IWLG. Their 0.76 correlation means they have sometimes moved together and sometimes differently. RFDA charges 0.52%/yr vs 0.50%/yr for IWLG.

Performance

RFDA vs. IWLG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RiverFront Dynamic US Dividend Advantage ETF (RFDA) and NYLI Winslow Large Cap Growth ETF (IWLG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RFDA achieves a 15.99% return, which is significantly higher than IWLG's 5.56% return.

RFDA

• 1D: 0.83%
• 1M: 3.31%
• 6M: 14.27%
• YTD: 15.99%
• 1Y: 26.63%
• 3Y*: 19.35%
• 5Y*: 13.07%
• 10Y*: 13.43%
• ALL TIME*: 13.55%

IWLG

• 1D: 2.81%
• 1M: 3.33%
• 6M: 10.45%
• YTD: 5.56%
• 1Y: 9.25%
• 3Y*: 21.69%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 22.63%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IWLG NYLI Winslow Large Cap Growth ETF	$1.72M	$1.42M	$1.37M
RFDA RiverFront Dynamic US Dividend Advantage ETF	$111.59K	$107.70K	$119.19K

RFDA vs. IWLG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
RFDA RiverFront Dynamic US Dividend Advantage ETF	15.99%	16.42%	20.12%	16.98%	-0.18%
IWLG NYLI Winslow Large Cap Growth ETF	5.56%	14.73%	31.47%	43.25%	1.48%

Correlation

The correlation between RFDA and IWLG is 0.61, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.61
Correlation (3Y) Balances recent behavior with more history.	0.71
Correlation (All Time) Calculated using the full available price history since Jun 23, 2022	0.76

The correlation between RFDA and IWLG shifts across timeframes, from 0.61 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.

RFDA vs. IWLG - Sectors Allocation Comparison

Sectors	RFDA	IWLG
Financial Services	18.8%	7.0%
Technology	15.4%	44.9%
Healthcare	12.2%	5.4%
Energy	11.1%	-
Industrials	9.3%	17.2%
Consumer Cyclical	8.1%	8.7%
Consumer Defensive	7.1%	1.8%
Communication Services	6.2%	15.6%
Real Estate	5.1%	-
Utilities	4.9%	1.4%
Basic Materials	1.8%	1.2%

Return for Risk

RFDA vs. IWLG — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RFDA

RFDA Risk / Return Rank: 89
RFDA Sharpe Ratio Rank: 88
RFDA Sortino Ratio Rank: 86
RFDA Omega Ratio Rank: 87
RFDA Calmar Ratio Rank: 93
RFDA Martin Ratio Rank: 92

IWLG

IWLG Risk / Return Rank: 19
IWLG Sharpe Ratio Rank: 21
IWLG Sortino Ratio Rank: 20
IWLG Omega Ratio Rank: 20
IWLG Calmar Ratio Rank: 18
IWLG Martin Ratio Rank: 19

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RFDA vs. IWLG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RiverFront Dynamic US Dividend Advantage ETF (RFDA) and NYLI Winslow Large Cap Growth ETF (IWLG). 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.

	RFDA	IWLG	Difference
Sharpe ratio: Return per unit of total volatility	2.31	0.49	+1.81
Sortino ratio: Return per unit of downside risk	3.16	0.80	+2.36
Omega ratio: Gain probability vs. loss probability	1.42	1.10	+0.33
Calmar ratio: Return relative to maximum drawdown	4.91	0.48	+4.43
Martin ratio: Return relative to average drawdown	17.57	1.39	+16.18

RFDA vs. IWLG - Sharpe Ratio Comparison

The current RFDA Sharpe Ratio is 2.31, which is higher than the IWLG Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of RFDA and IWLG, 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

RFDA vs. IWLG - Drawdown Comparison

The maximum RFDA drawdown since its inception was -34.60%, which is greater than IWLG's maximum drawdown of -23.19%. Use the drawdown chart below to compare losses from any high point for RFDA and IWLG.

Drawdown Indicators

	RFDA	IWLG	Difference
Max Drawdown Largest peak-to-trough decline	-34.60%	-23.19%	-11.41%
Max Drawdown (1Y) Largest decline over 1 year	-5.45%	-19.45%	+14.00%
Max Drawdown (3Y) Largest decline over 3 years	-19.35%	-23.19%	+3.84%
Max Drawdown (5Y) Largest decline over 5 years	-19.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.60%	—	—
Current Drawdown Current decline from peak	0.00%	-1.42%	+1.42%
Average Drawdown Average peak-to-trough decline	-3.70%	-4.56%	+0.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.52%	6.67%	-5.15%

Volatility

RFDA vs. IWLG - Volatility Comparison

The current volatility for RiverFront Dynamic US Dividend Advantage ETF (RFDA) is 2.97%, while NYLI Winslow Large Cap Growth ETF (IWLG) has a volatility of 7.00%. This indicates that RFDA experiences smaller price fluctuations and is considered to be less risky than IWLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RFDA	IWLG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	7.00%	-4.03%
Volatility (6M) Calculated over the trailing 6-month period	8.70%	15.47%	-6.77%
Volatility (1Y) Calculated over the trailing 1-year period	11.66%	18.88%	-7.22%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.73%	21.20%	-5.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.84%	21.20%	-4.36%

RFDA vs. IWLG - Expense Ratio Comparison

RFDA has a 0.52% expense ratio, which is higher than IWLG's 0.50% expense ratio.

Dividends

RFDA vs. IWLG - Dividend Comparison

RFDA's dividend yield for the trailing twelve months is around 1.74%, while IWLG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
IWLG NYLI Winslow Large Cap Growth ETF	0.00%	0.00%	1.34%	0.01%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
RFDA RiverFront Dynamic US Dividend Advantage ETF	1.74%	1.89%	2.23%	2.68%	3.57%	1.44%	1.62%	1.87%	2.44%	1.90%	0.98%

Frequently Asked Questions

Can I hold both RFDA and IWLG in my portfolio?

RFDA and IWLG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RFDA or IWLG?

IWLG has higher volatility (7.00%) compared to RFDA (2.97%). In terms of maximum drawdown, RFDA dropped -34.60% vs IWLG's -23.19%.

Which ETF is better, RFDA or IWLG?

On 3-year performance, IWLG leads with 21.69% vs 19.35% for RFDA. On fees, IWLG is cheaper at 0.50% per year. On volatility, RFDA has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RFDA or IWLG?

Over the 3-year period, IWLG has performed better with a 21.69% return vs 19.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RFDA or IWLG?

IWLG is cheaper with a 0.50% expense ratio, compared with 0.52% for RFDA.

Which ETF pays a higher dividend yield, RFDA or IWLG?

RFDA has the higher dividend yield at 1.74%, compared with 0.00% for IWLG.

What is the main difference between RFDA and IWLG?

They also come from different issuers: SS&C and NYLI. Their fees differ too: 0.52% for RFDA and 0.50% for IWLG.

Which has better risk-adjusted returns?

RFDA currently has the higher Sharpe Ratio (2.31 vs 0.49), 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.