TDIV vs. CG

Last updated Jun 26, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) is Technology Equities fund tracking the NASDAQ Technology Dividend Index, while CG (The Carlyle Group Inc.) is a stock. Over the past 10 years, TDIV returned 18.80%/yr vs 15.68%/yr for CG. A 0.52 correlation means they provide meaningful diversification when combined.

Performance

TDIV vs. CG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) and The Carlyle Group Inc. (CG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDIV achieves a 18.34% return, which is significantly higher than CG's -28.13% return. Over the past 10 years, TDIV has outperformed CG with an annualized return of 18.80%, while CG has yielded a comparatively lower 15.68% annualized return.

TDIV

• 1D: 0.27%
• 1M: -3.07%
• YTD: 18.34%
• 6M: 16.95%
• 1Y: 30.30%
• 3Y*: 28.15%
• 5Y*: 17.11%
• 10Y*: 18.80%

CG

• 1D: 2.05%
• 1M: -8.21%
• YTD: -28.13%
• 6M: -30.35%
• 1Y: -12.47%
• 3Y*: 14.80%
• 5Y*: 0.90%
• 10Y*: 15.68%

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

TDIV vs. CG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	18.34%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
CG The Carlyle Group Inc.	-28.13%	20.20%	28.05%	42.55%	-43.78%	78.46%	1.62%	116.75%	-27.28%	59.83%

Correlation

The correlation between TDIV and CG is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.62
Correlation (10Y) Calculated over the trailing 10-year period	0.56
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012	0.52

The correlation between TDIV and CG shifts across timeframes, from 0.44 (1 year) to 0.62 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

TDIV vs. CG — Risk / Return Rank

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

TDIV

TDIV Risk / Return Rank: 52
TDIV Sharpe Ratio Rank: 51
TDIV Sortino Ratio Rank: 48
TDIV Omega Ratio Rank: 48
TDIV Calmar Ratio Rank: 63
TDIV Martin Ratio Rank: 50

CG

CG Risk / Return Rank: 30
CG Sharpe Ratio Rank: 29
CG Sortino Ratio Rank: 27
CG Omega Ratio Rank: 27
CG Calmar Ratio Rank: 33
CG Martin Ratio Rank: 32

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.

TDIV vs. CG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and The Carlyle Group Inc. (CG). 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.

	TDIV	CG	Difference
Sharpe ratio: Return per unit of total volatility	1.53	-0.34	+1.88
Sortino ratio: Return per unit of downside risk	2.08	-0.25	+2.34
Omega ratio: Gain probability vs. loss probability	1.27	0.97	+0.30
Calmar ratio: Return relative to maximum drawdown	2.68	-0.32	+3.00
Martin ratio: Return relative to average drawdown	7.40	-0.60	+8.01

TDIV vs. CG - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 1.53, which is higher than the CG Sharpe Ratio of -0.34. The chart below compares the historical Sharpe Ratios of TDIV and CG, 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

TDIV vs. CG - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum CG drawdown of -62.69%. Use the drawdown chart below to compare losses from any high point for TDIV and CG.

Drawdown Indicators

	TDIV	CG	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-62.69%	+30.72%
Max Drawdown (1Y) Largest decline over 1 year	-11.35%	-39.57%	+28.22%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-39.57%	+16.57%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-56.75%	+24.78%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-56.75%	+24.78%
Current Drawdown Current decline from peak	-10.99%	-38.33%	+27.34%
Average Drawdown Average peak-to-trough decline	-4.86%	-21.78%	+16.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.10%	20.72%	-16.62%

Volatility

TDIV vs. CG - Volatility Comparison

The current volatility for First Trust NASDAQ Technology Dividend Index Fund (TDIV) is 10.08%, while The Carlyle Group Inc. (CG) has a volatility of 10.93%. This indicates that TDIV experiences smaller price fluctuations and is considered to be less risky than CG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDIV	CG	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.08%	10.93%	-0.85%
Volatility (6M) Calculated over the trailing 6-month period	15.68%	28.02%	-12.34%
Volatility (1Y) Calculated over the trailing 1-year period	19.88%	36.32%	-16.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.97%	39.89%	-18.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	37.42%	-16.46%

Dividends

TDIV vs. CG - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.61%, less than CG's 3.34% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CG The Carlyle Group Inc.	3.34%	2.37%	2.77%	3.38%	4.11%	1.82%	3.18%	4.24%	7.87%	5.41%	11.02%	21.70%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.61%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both TDIV and CG in my portfolio?

TDIV and CG have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDIV or CG?

CG has higher volatility (10.93%) compared to TDIV (10.08%). In terms of maximum drawdown, TDIV dropped -31.97% vs CG's -62.69%.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (1.53 vs -0.34), 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.