TDV vs. FAI

Last updated Jul 12, 2026

TDV (ProShares S&P Technology Dividend Aristocrats ETF) and FAI (First Trust Bloomberg Artificial Intelligence ETF) are both Technology Equities funds - TDV tracks the Zacks 2040 Lifecycle Index while FAI tracks the Bloomberg Artificial Intelligence Index. Both are passively managed. Over the past year, TDV returned 21.54% vs 49.94% for FAI. A 0.76 correlation means they provide meaningful diversification when combined. TDV charges 0.66%/yr vs 0.65%/yr for FAI.

Performance

TDV vs. FAI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares S&P Technology Dividend Aristocrats ETF (TDV) and First Trust Bloomberg Artificial Intelligence ETF (FAI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDV achieves a 17.24% return, which is significantly lower than FAI's 28.90% return.

TDV

• 1D: 0.28%
• 1M: -2.01%
• 6M: 12.41%
• YTD: 17.24%
• 1Y: 21.54%
• 3Y*: 16.49%
• 5Y*: 12.43%
• 10Y*: —

FAI

• 1D: -0.41%
• 1M: 0.70%
• 6M: 25.51%
• YTD: 28.90%
• 1Y: 49.94%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TDV vs. FAI - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TDV ProShares S&P Technology Dividend Aristocrats ETF	17.24%	16.05%	-0.34%
FAI First Trust Bloomberg Artificial Intelligence ETF	28.90%	33.37%	2.28%

Correlation

The correlation between TDV and FAI is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Nov 21, 2024	0.76

The correlation between TDV and FAI has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

Return for Risk

TDV vs. FAI — Risk / Return Rank

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

TDV

TDV Risk / Return Rank: 41
TDV Sharpe Ratio Rank: 36
TDV Sortino Ratio Rank: 34
TDV Omega Ratio Rank: 34
TDV Calmar Ratio Rank: 53
TDV Martin Ratio Rank: 50

FAI

FAI Risk / Return Rank: 62
FAI Sharpe Ratio Rank: 69
FAI Sortino Ratio Rank: 60
FAI Omega Ratio Rank: 62
FAI Calmar Ratio Rank: 66
FAI Martin Ratio Rank: 56

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.

TDV vs. FAI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) and First Trust Bloomberg Artificial Intelligence ETF (FAI). 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.

	TDV	FAI	Difference
Sharpe ratio: Return per unit of total volatility	1.06	1.78	-0.71
Sortino ratio: Return per unit of downside risk	1.51	2.27	-0.76
Omega ratio: Gain probability vs. loss probability	1.19	1.30	-0.11
Calmar ratio: Return relative to maximum drawdown	2.13	2.64	-0.51
Martin ratio: Return relative to average drawdown	6.60	7.77	-1.17

TDV vs. FAI - Sharpe Ratio Comparison

The current TDV Sharpe Ratio is 1.06, which is lower than the FAI Sharpe Ratio of 1.78. The chart below compares the historical Sharpe Ratios of TDV and FAI, 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

TDV vs. FAI - Drawdown Comparison

The maximum TDV drawdown since its inception was -32.78%, which is greater than FAI's maximum drawdown of -27.82%. Use the drawdown chart below to compare losses from any high point for TDV and FAI.

Drawdown Indicators

	TDV	FAI	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-27.82%	-4.96%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-18.84%	+9.29%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	—	—
Current Drawdown Current decline from peak	-5.15%	-8.44%	+3.29%
Average Drawdown Average peak-to-trough decline	-5.35%	-5.48%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.10%	6.38%	-3.28%

Volatility

TDV vs. FAI - Volatility Comparison

The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 8.45%, while First Trust Bloomberg Artificial Intelligence ETF (FAI) has a volatility of 11.84%. This indicates that TDV experiences smaller price fluctuations and is considered to be less risky than FAI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDV	FAI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.45%	11.84%	-3.39%
Volatility (6M) Calculated over the trailing 6-month period	15.35%	23.56%	-8.21%
Volatility (1Y) Calculated over the trailing 1-year period	19.15%	27.99%	-8.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.82%	31.12%	-10.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.32%	31.12%	-7.80%

TDV vs. FAI - Expense Ratio Comparison

TDV has a 0.66% expense ratio, which is higher than FAI's 0.65% expense ratio.

Dividends

TDV vs. FAI - Dividend Comparison

TDV's dividend yield for the trailing twelve months is around 1.04%, while FAI has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FAI First Trust Bloomberg Artificial Intelligence ETF	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%
TDV ProShares S&P Technology Dividend Aristocrats ETF	1.04%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%

Frequently Asked Questions

Can I hold both TDV and FAI in my portfolio?

TDV and FAI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TDV or FAI?

FAI has higher volatility (11.84%) compared to TDV (8.45%). In terms of maximum drawdown, TDV dropped -32.78% vs FAI's -27.82%.

Which ETF is better, TDV or FAI?

On 1-year performance, FAI leads with 49.94% vs 21.54% for TDV. On fees, FAI is cheaper at 0.65% per year. On volatility, TDV has been the lower-risk option at 8.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDV or FAI?

Over the 1-year period, FAI has performed better with a 49.94% return vs 21.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDV or FAI?

FAI is cheaper with a 0.65% expense ratio, compared with 0.66% for TDV.

Which ETF pays a higher dividend yield, TDV or FAI?

TDV has the higher dividend yield at 1.04%, compared with 0.00% for FAI.

What is the main difference between TDV and FAI?

TDV tracks Zacks 2040 Lifecycle Index, while FAI tracks Bloomberg Artificial Intelligence Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.66% for TDV and 0.65% for FAI.

Which has better risk-adjusted returns?

FAI currently has the higher Sharpe Ratio (1.77 vs 1.06), 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.