RSMR vs. FDL
RSMR (FT Vest U.S. Equity Equal Weight Buffer ETF - March) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - RSMR is a Defined Outcome fund tracking the Invesco S&P 500 Equal Weight ETF Trust (RSP) Price Return, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. Over the past year, RSMR returned 14.26% vs 25.50% for FDL. A 0.56 correlation means they provide meaningful diversification when combined. RSMR charges 0.85%/yr vs 0.45%/yr for FDL.
Performance
RSMR vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, RSMR achieves a 6.73% return, which is significantly lower than FDL's 14.21% return.
RSMR
- 1D
- 0.26%
- 1M
- 1.97%
- YTD
- 6.73%
- 6M
- 7.55%
- 1Y
- 14.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.78%
- 1M
- 0.32%
- YTD
- 14.21%
- 6M
- 15.52%
- 1Y
- 25.50%
- 3Y*
- 19.57%
- 5Y*
- 12.69%
- 10Y*
- 11.28%
RSMR vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
RSMR FT Vest U.S. Equity Equal Weight Buffer ETF - March | 6.73% | 8.00% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.21% | 6.28% |
Correlation
The correlation between RSMR and FDL is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Mar 25, 2025 | 0.56 |
The correlation between RSMR and FDL has been stable across timeframes, ranging from 0.46 to 0.56 - a consistent structural relationship.
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Return for Risk
RSMR vs. FDL — Risk / Return Rank
RSMR
FDL
RSMR vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Equal Weight Buffer ETF - March (RSMR) 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.
| RSMR | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.13 | ||
| Sortino ratioReturn per unit of downside risk | -0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 5.99 | -1.75 |
| Martin ratioReturn relative to average drawdown | 17.15 | 14.59 | +2.56 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RSMR | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.27 | -0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.19 | 0.45 | +0.74 |
Drawdowns
RSMR vs. FDL - Drawdown Comparison
The maximum RSMR drawdown since its inception was -9.09%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for RSMR and FDL.
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Drawdown Indicators
| RSMR | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.09% | -65.93% | +56.84% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -4.27% | +0.90% |
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 DrawdownCurrent decline from peak | 0.00% | -1.41% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.83% | -9.66% | +8.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.83% | 1.75% | -0.92% |
Volatility
RSMR vs. FDL - Volatility Comparison
The current volatility for FT Vest U.S. Equity Equal Weight Buffer ETF - March (RSMR) is 1.44%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 2.95%. This indicates that RSMR experiences smaller price fluctuations and is considered to be less risky than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RSMR | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 2.95% | -1.51% |
Volatility (6M)Calculated over the trailing 6-month period | 4.56% | 7.85% | -3.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.67% | 11.30% | -4.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.60% | 14.31% | -3.71% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.60% | 17.11% | -6.51% |
RSMR vs. FDL - Expense Ratio Comparison
RSMR has a 0.85% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
RSMR vs. FDL - Dividend Comparison
RSMR has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.65%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.65% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
RSMR FT Vest U.S. Equity Equal Weight Buffer ETF - March | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
RSMR and FDL have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (2.95%) compared to RSMR (1.44%). In terms of maximum drawdown, RSMR dropped -9.09% vs FDL's -65.93%.
On 1-year performance, FDL leads with 25.50% vs 14.26% for RSMR. On fees, FDL is cheaper at 0.45% per year. On volatility, RSMR has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDL has performed better with a 25.50% return vs 14.26%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 0.85% for RSMR.
FDL has the higher dividend yield at 3.65%, compared with 0.00% for RSMR.
RSMR is categorized as Defined Outcome, while FDL is Large Cap Value Equities. RSMR tracks Invesco S&P 500 Equal Weight ETF Trust (RSP) Price Return, while FDL tracks Morningstar Dividend Leaders Index. Their fees differ too: 0.85% for RSMR and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.27 vs 2.15), 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.
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