SNOU vs. FDL
SNOU (T-Rex 2X Long SNOW Daily Target ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - SNOU is a Leveraged Equities fund actively managed by T-Rex, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. SNOU is actively managed, while FDL is passively managed. Over the past year, SNOU returned -15.82% vs 25.50% for FDL. At a correlation of -0.09, they often move in opposite directions. SNOU charges 1.50%/yr vs 0.45%/yr for FDL.
Performance
SNOU vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, SNOU achieves a -7.36% return, which is significantly lower than FDL's 14.21% return.
SNOU
- 1D
- 3.04%
- 1M
- 163.04%
- YTD
- -7.36%
- 6M
- -21.80%
- 1Y
- -15.82%
- 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%
SNOU vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
SNOU T-Rex 2X Long SNOW Daily Target ETF | -7.36% | 52.64% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.21% | 12.64% |
Correlation
The correlation between SNOU and FDL is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (All Time) Calculated using the full available price history since Apr 25, 2025 | -0.09 |
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Return for Risk
SNOU vs. FDL — Risk / Return Rank
SNOU
FDL
SNOU vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for T-Rex 2X Long SNOW Daily Target ETF (SNOU) 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.
| SNOU | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.39 | ||
| Sortino ratioReturn per unit of downside risk | -2.70 | ||
| Omega ratioGain probability vs. loss probability | 1.10 | 1.40 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | -0.19 | 5.99 | -6.18 |
| Martin ratioReturn relative to average drawdown | -0.35 | 14.59 | -14.94 |
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
| SNOU | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 2.27 | -2.39 |
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 | 0.29 | 0.45 | -0.17 |
Drawdowns
SNOU vs. FDL - Drawdown Comparison
The maximum SNOU drawdown since its inception was -84.17%, which is greater than FDL's maximum drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for SNOU and FDL.
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Drawdown Indicators
| SNOU | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.17% | -65.93% | -18.24% |
Max Drawdown (1Y)Largest decline over 1 year | -84.17% | -4.27% | -79.90% |
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 | -45.39% | -1.41% | -43.98% |
Average DrawdownAverage peak-to-trough decline | -32.49% | -9.66% | -22.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 45.23% | 1.75% | +43.48% |
Volatility
SNOU vs. FDL - Volatility Comparison
T-Rex 2X Long SNOW Daily Target ETF (SNOU) has a higher volatility of 67.00% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.95%. This indicates that SNOU's price experiences larger fluctuations and is considered to be riskier 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
| SNOU | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 67.00% | 2.95% | +64.05% |
Volatility (6M)Calculated over the trailing 6-month period | 106.21% | 7.85% | +98.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 131.55% | 11.30% | +120.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 129.12% | 14.31% | +114.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 129.12% | 17.11% | +112.01% |
SNOU vs. FDL - Expense Ratio Comparison
SNOU has a 1.50% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
SNOU vs. FDL - Dividend Comparison
SNOU's dividend yield for the trailing twelve months is around 6.45%, more than FDL's 3.65% yield.
| 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% |
SNOU T-Rex 2X Long SNOW Daily Target ETF | 6.45% | 5.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SNOU and FDL have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SNOU has higher volatility (67.00%) compared to FDL (2.95%). In terms of maximum drawdown, SNOU dropped -84.17% vs FDL's -65.93%.
On 1-year performance, FDL leads with 25.50% vs -15.82% for SNOU. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.95%. 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 -15.82%. 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 1.50% for SNOU.
SNOU has the higher dividend yield at 6.45%, compared with 3.65% for FDL.
SNOU is categorized as Leveraged Equities, while FDL is Large Cap Value Equities. They also come from different issuers: T-Rex and First Trust. Their fees differ too: 1.50% for SNOU and 0.45% for FDL.
FDL currently has the higher Sharpe Ratio (2.27 vs -0.12), 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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