TDIV vs. UDVD.L

Last updated Jun 10, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) and UDVD.L (SPDR S&P US Dividend Aristocrats UCITS ETF Dis) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while UDVD.L is a Large Cap Blend Equities fund tracking the S&P High Yield Dividend Aristocrats Index. Both are passively managed. Over the past 10 years, TDIV returned 18.41%/yr vs 8.80%/yr for UDVD.L. At a 0.37 correlation, their price movements are largely independent. TDIV charges 0.50%/yr vs 0.35%/yr for UDVD.L.

Performance

TDIV vs. UDVD.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDIV achieves a 20.48% return, which is significantly higher than UDVD.L's 7.37% return. Over the past 10 years, TDIV has outperformed UDVD.L with an annualized return of 18.41%, while UDVD.L has yielded a comparatively lower 8.80% annualized return.

TDIV

• 1D: -1.40%
• 1M: 2.98%
• YTD: 20.48%
• 6M: 16.19%
• 1Y: 39.10%
• 3Y*: 29.65%
• 5Y*: 17.29%
• 10Y*: 18.41%

UDVD.L

• 1D: 0.28%
• 1M: 0.99%
• YTD: 7.37%
• 6M: 8.92%
• 1Y: 13.12%
• 3Y*: 9.29%
• 5Y*: 5.73%
• 10Y*: 8.80%

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

TDIV vs. UDVD.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	20.48%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	7.37%	8.57%	7.64%	2.06%	-0.33%	25.05%	0.77%	22.65%	-3.94%	15.73%

Correlation

The correlation between TDIV and UDVD.L is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.09
Correlation (3Y) Calculated over the trailing 3-year period	0.19
Correlation (5Y) Calculated over the trailing 5-year period	0.30
Correlation (10Y) Calculated over the trailing 10-year period	0.35
Correlation (All Time) Calculated using the full available price history since Aug 14, 2012	0.37

Over the past year, the correlation between TDIV and UDVD.L has dropped to 0.09 - well below their long-term average of 0.37, suggesting their price drivers have been diverging.

TDIV vs. UDVD.L - Sectors Allocation Comparison

Sectors	TDIV	UDVD.L
Technology	85.0%	8.9%
Communication Services	13.4%	3.5%
Industrials	1.6%	17.5%
Basic Materials	-	6.4%
Consumer Cyclical	-	5.2%
Consumer Defensive	-	17.0%
Energy	-	4.5%
Financial Services	-	11.5%
Healthcare	-	6.2%
Real Estate	-	4.6%
Utilities	-	14.8%

Return for Risk

TDIV vs. UDVD.L — Risk / Return Rank

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

TDIV

TDIV Risk / Return Rank: 70
TDIV Sharpe Ratio Rank: 70
TDIV Sortino Ratio Rank: 65
TDIV Omega Ratio Rank: 66
TDIV Calmar Ratio Rank: 79
TDIV Martin Ratio Rank: 67

UDVD.L

UDVD.L Risk / Return Rank: 40
UDVD.L Sharpe Ratio Rank: 42
UDVD.L Sortino Ratio Rank: 44
UDVD.L Omega Ratio Rank: 39
UDVD.L Calmar Ratio Rank: 42
UDVD.L Martin Ratio Rank: 34

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. UDVD.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) and SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L). 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	UDVD.L	Difference
Sharpe ratio: Return per unit of total volatility	2.01	1.32	+0.70
Sortino ratio: Return per unit of downside risk	2.65	1.99	+0.66
Omega ratio: Gain probability vs. loss probability	1.35	1.23	+0.12
Calmar ratio: Return relative to maximum drawdown	3.66	1.85	+1.81
Martin ratio: Return relative to average drawdown	10.96	4.67	+6.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDIV vs. UDVD.L - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 2.01, which is higher than the UDVD.L Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of TDIV and UDVD.L, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TDIV	UDVD.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.01	1.32	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.41	+0.42
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.88	0.56	+0.32
Sharpe Ratio (All Time) Calculated using the full available price history	0.84	0.72	+0.12

Drawdowns

TDIV vs. UDVD.L - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum UDVD.L drawdown of -36.12%. Use the drawdown chart below to compare losses from any high point for TDIV and UDVD.L.

Drawdown Indicators

	TDIV	UDVD.L	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-36.12%	+4.15%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-7.06%	-3.68%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-15.26%	-7.74%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-15.26%	-16.71%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-36.12%	+4.15%
Current Drawdown Current decline from peak	-9.39%	-3.27%	-6.12%
Average Drawdown Average peak-to-trough decline	-4.84%	-3.43%	-1.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.58%	2.80%	+0.78%

Volatility

TDIV vs. UDVD.L - Volatility Comparison

First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a higher volatility of 9.74% compared to SPDR S&P US Dividend Aristocrats UCITS ETF Dis (UDVD.L) at 2.62%. This indicates that TDIV's price experiences larger fluctuations and is considered to be riskier than UDVD.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDIV	UDVD.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.74%	2.62%	+7.12%
Volatility (6M) Calculated over the trailing 6-month period	15.37%	7.00%	+8.37%
Volatility (1Y) Calculated over the trailing 1-year period	19.53%	9.93%	+9.60%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.86%	13.93%	+6.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.95%	15.70%	+5.25%

TDIV vs. UDVD.L - Expense Ratio Comparison

TDIV has a 0.50% expense ratio, which is higher than UDVD.L's 0.35% expense ratio.

Dividends

TDIV vs. UDVD.L - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.21%, less than UDVD.L's 2.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.21%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%
UDVD.L SPDR S&P US Dividend Aristocrats UCITS ETF Dis	2.04%	2.17%	2.03%	2.24%	2.13%	2.15%	2.36%	2.01%	2.27%	1.78%	1.83%	2.06%

Frequently Asked Questions

Can I hold both TDIV and UDVD.L in my portfolio?

TDIV and UDVD.L have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, TDIV or UDVD.L?

On fees, UDVD.L is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, TDIV or UDVD.L?

UDVD.L is cheaper with a 0.35% expense ratio, compared with 0.50% for TDIV.

What is the main difference between TDIV and UDVD.L?

TDIV is categorized as Technology Equities, while UDVD.L is Large Cap Blend Equities. TDIV tracks NASDAQ Technology Dividend Index, while UDVD.L tracks S&P High Yield Dividend Aristocrats Index. They also come from different issuers: First Trust and State Street. Their fees differ too: 0.50% for TDIV and 0.35% for UDVD.L.