RJDI vs. FDL

Last updated Jun 4, 2026

RJDI (RJ Eagle GCM Dividend Select Income ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - RJDI is a Dividend fund actively managed by Carillon Tower Advisers, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. RJDI is actively managed, while FDL is passively managed. At a 0.43 correlation, their price movements are largely independent. RJDI charges 0.63%/yr vs 0.45%/yr for FDL.

Performance

RJDI vs. FDL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in RJ Eagle GCM Dividend Select Income ETF (RJDI) 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, RJDI achieves a 15.60% return, which is significantly higher than FDL's 13.33% return.

RJDI

• 1D: 0.28%
• 1M: 1.58%
• YTD: 15.60%
• 6M: 15.06%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FDL

• 1D: -0.26%
• 1M: -0.26%
• YTD: 13.33%
• 6M: 14.76%
• 1Y: 23.67%
• 3Y*: 18.97%
• 5Y*: 12.51%
• 10Y*: 11.24%

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

RJDI vs. FDL - Yearly Performance Comparison

	2026 (YTD)	2025
RJDI RJ Eagle GCM Dividend Select Income ETF	15.60%	1.59%
FDL First Trust Morningstar Dividend Leaders Index Fund	13.33%	2.98%

Correlation

The correlation between RJDI and FDL is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 3, 2025	0.43

RJDI vs. FDL - Sectors Allocation Comparison

Sectors	RJDI	FDL
Technology	29.4%	1.1%
Industrials	13.0%	3.8%
Financial Services	10.3%	15.1%
Healthcare	9.8%	16.8%
Consumer Cyclical	8.5%	3.8%
Consumer Defensive	7.8%	14.7%
Energy	6.2%	27.3%
Real Estate	5.8%	-
Communication Services	3.8%	10.6%
Utilities	3.5%	6.5%
Basic Materials	2.1%	0.3%

Return for Risk

RJDI vs. FDL — Risk / Return Rank

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

FDL

FDL Risk / Return Rank: 70
FDL Sharpe Ratio Rank: 61
FDL Sortino Ratio Rank: 70
FDL Omega Ratio Rank: 59
FDL Calmar Ratio Rank: 90
FDL Martin Ratio Rank: 71

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.

RJDI vs. FDL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for RJ Eagle GCM Dividend Select Income ETF (RJDI) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	RJDI	FDL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.88	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.17	0.45	+1.71

Drawdowns

RJDI vs. FDL - Drawdown Comparison

The maximum RJDI drawdown since its inception was -7.05%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for RJDI and FDL.

Drawdown Indicators

	RJDI	FDL	Difference
Max Drawdown Largest peak-to-trough decline	-7.05%	-65.93%	+58.88%
Max Drawdown (1Y) Largest decline over 1 year	—	-4.27%	—
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	-0.47%	-2.18%	+1.71%
Average Drawdown Average peak-to-trough decline	-1.43%	-9.66%	+8.23%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.75%	—

Volatility

Volatility by Period

	RJDI	FDL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.87%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.71%	11.28%	+1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	14.31%	-1.60%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.71%	17.11%	-4.40%

RJDI vs. FDL - Expense Ratio Comparison

RJDI has a 0.63% expense ratio, which is higher than FDL's 0.45% expense ratio.

Dividends

RJDI vs. FDL - Dividend Comparison

RJDI's dividend yield for the trailing twelve months is around 0.53%, less than FDL's 3.68% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDL First Trust Morningstar Dividend Leaders Index Fund	3.68%	4.04%	4.96%	4.58%	3.58%	4.59%	4.48%	3.75%	3.97%	3.18%	2.93%	3.65%
RJDI RJ Eagle GCM Dividend Select Income ETF	0.53%	0.23%	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 RJDI and FDL in my portfolio?

RJDI and FDL have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, RJDI or FDL?

On fees, FDL is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, RJDI or FDL?

FDL is cheaper with a 0.45% expense ratio, compared with 0.63% for RJDI.

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

FDL has the higher dividend yield at 3.68%, compared with 0.53% for RJDI.

What is the main difference between RJDI and FDL?

RJDI is categorized as Dividend, while FDL is Large Cap Value Equities. They also come from different issuers: Carillon Tower Advisers and First Trust. Their fees differ too: 0.63% for RJDI and 0.45% for FDL.