TDIV vs. DDIV
Compare and contrast key facts about First Trust NASDAQ Technology Dividend Index Fund (TDIV) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV).
TDIV and DDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ Technology Dividend Index. It was launched on Aug 14, 2012. DDIV is a passively managed fund by First Trust that tracks the performance of the Dorsey Wright Momentum Plus Dividend Yield Index. It was launched on Mar 10, 2014. Both TDIV and DDIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: TDIV or DDIV.
Correlation
The correlation between TDIV and DDIV is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
TDIV vs. DDIV - Performance Comparison
Key characteristics
TDIV:
0.41
DDIV:
0.58
TDIV:
0.74
DDIV:
0.89
TDIV:
1.10
DDIV:
1.13
TDIV:
0.44
DDIV:
0.63
TDIV:
1.66
DDIV:
2.40
TDIV:
6.14%
DDIV:
5.02%
TDIV:
24.70%
DDIV:
20.97%
TDIV:
-31.97%
DDIV:
-47.55%
TDIV:
-12.88%
DDIV:
-10.94%
Returns By Period
In the year-to-date period, TDIV achieves a -6.78% return, which is significantly lower than DDIV's -4.02% return. Over the past 10 years, TDIV has outperformed DDIV with an annualized return of 12.53%, while DDIV has yielded a comparatively lower 8.33% annualized return.
TDIV
-6.78%
-0.69%
-7.87%
9.70%
15.12%
12.53%
DDIV
-4.02%
-3.71%
-3.19%
12.65%
16.56%
8.33%
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TDIV vs. DDIV - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is lower than DDIV's 0.60% expense ratio.
Risk-Adjusted Performance
TDIV vs. DDIV — Risk-Adjusted Performance Rank
TDIV
DDIV
TDIV vs. DDIV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and First Trust Dorsey Wright Momentum & Dividend ETF (DDIV). 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.
Dividends
TDIV vs. DDIV - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.82%, less than DDIV's 2.45% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.82% | 1.59% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% |
DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 2.45% | 2.22% | 3.18% | 3.60% | 2.43% | 2.63% | 2.93% | 3.27% | 2.35% | 2.45% | 2.61% | 2.15% |
Drawdowns
TDIV vs. DDIV - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum DDIV drawdown of -47.55%. Use the drawdown chart below to compare losses from any high point for TDIV and DDIV. For additional features, visit the drawdowns tool.
Volatility
TDIV vs. DDIV - Volatility Comparison
First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 16.21% compared to First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) at 14.16%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than DDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.