TDIV vs. TDVI
TDIV (First Trust NASDAQ Technology Dividend Index Fund) and TDVI (FT Vest Technology Dividend Target Income ETF) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while TDVI is a Derivative Income fund actively managed by First Trust. TDIV is passively managed, while TDVI is actively managed. Over the past year, TDIV returned 41.17% vs 39.31% for TDVI. With a 0.98 correlation, they move nearly in lockstep. TDIV charges 0.50%/yr vs 0.75%/yr for TDVI.
Performance
TDIV vs. TDVI - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both stocks are quite close, with TDIV having a 21.15% return and TDVI slightly lower at 20.74%.
TDIV
- 1D
- -5.89%
- 1M
- 4.90%
- YTD
- 21.15%
- 6M
- 17.77%
- 1Y
- 41.17%
- 3Y*
- 30.32%
- 5Y*
- 17.52%
- 10Y*
- 18.38%
TDVI
- 1D
- -5.98%
- 1M
- 4.69%
- YTD
- 20.74%
- 6M
- 17.35%
- 1Y
- 39.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDIV vs. TDVI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 21.15% | 25.27% | 24.43% | 11.49% |
TDVI FT Vest Technology Dividend Target Income ETF | 20.74% | 24.75% | 22.84% | 10.79% |
Correlation
The correlation between TDIV and TDVI is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023 | 0.98 |
The correlation between TDIV and TDVI has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TDIV vs. TDVI — Risk / Return Rank
TDIV
TDVI
TDIV vs. TDVI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and FT Vest Technology Dividend Target Income ETF (TDVI). 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.
| TDIV | TDVI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | 0.00 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.38 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.90 | 4.13 | -0.23 |
| Martin ratioReturn relative to average drawdown | 11.98 | 12.87 | -0.89 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TDIV | TDVI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.15 | 2.17 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.88 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 1.46 | -0.62 |
Drawdowns
TDIV vs. TDVI - Drawdown Comparison
The maximum TDIV drawdown since its inception was -31.97%, which is greater than TDVI's maximum drawdown of -22.08%. Use the drawdown chart below to compare losses from any high point for TDIV and TDVI.
Loading charts...
Drawdown Indicators
| TDIV | TDVI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.97% | -22.08% | -9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -10.74% | -9.83% | -0.91% |
Max Drawdown (3Y)Largest decline over 3 years | -23.00% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -31.97% | — | — |
Current DrawdownCurrent decline from peak | -8.88% | -8.89% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -4.84% | -2.99% | -1.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.49% | 3.15% | +0.34% |
Volatility
TDIV vs. TDVI - Volatility Comparison
First Trust NASDAQ Technology Dividend Index Fund (TDIV) and FT Vest Technology Dividend Target Income ETF (TDVI) have volatilities of 9.67% and 9.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TDIV | TDVI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.67% | 9.55% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 15.30% | 14.74% | +0.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.46% | 18.74% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.84% | 19.98% | +0.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.94% | 19.98% | +0.96% |
TDIV vs. TDVI - Expense Ratio Comparison
TDIV has a 0.50% expense ratio, which is lower than TDVI's 0.75% expense ratio.
Dividends
TDIV vs. TDVI - Dividend Comparison
TDIV's dividend yield for the trailing twelve months is around 1.20%, less than TDVI's 6.92% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.20% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
TDVI FT Vest Technology Dividend Target Income ETF | 6.92% | 7.53% | 7.90% | 3.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.99, TDIV and TDVI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
TDIV has higher volatility (9.67%) compared to TDVI (9.55%). In terms of maximum drawdown, TDIV dropped -31.97% vs TDVI's -22.08%.
On 1-year performance, TDIV leads with 41.17% vs 39.31% for TDVI. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDVI has been the lower-risk option at 9.55%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TDIV has performed better with a 41.17% return vs 39.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDIV is cheaper with a 0.50% expense ratio, compared with 0.75% for TDVI.
TDVI has the higher dividend yield at 6.92%, compared with 1.20% for TDIV.
TDIV is categorized as Technology Equities, while TDVI is Derivative Income. Their fees differ too: 0.50% for TDIV and 0.75% for TDVI.
TDVI currently has the higher Sharpe Ratio (2.17 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.
Find the right allocation for TDIV and TDVI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer