TDV vs. TDIV

Last updated Jun 24, 2026

TDV (ProShares S&P Technology Dividend Aristocrats ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both Technology Equities funds - TDV tracks the Zacks 2040 Lifecycle Index while TDIV tracks the NASDAQ Technology Dividend Index. Both are passively managed. Over the past 5 years, TDV returned 12.89%/yr vs 17.24%/yr for TDIV. Their correlation of 0.94 suggests significant overlap in exposure. TDV charges 0.66%/yr vs 0.50%/yr for TDIV.

Performance

TDV vs. TDIV - 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 NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, TDV achieves a 17.21% return, which is significantly lower than TDIV's 19.03% return.

TDV

• 1D: -3.13%
• 1M: 0.28%
• YTD: 17.21%
• 6M: 15.19%
• 1Y: 26.66%
• 3Y*: 18.07%
• 5Y*: 12.89%
• 10Y*: —

TDIV

• 1D: -2.33%
• 1M: -0.89%
• YTD: 19.03%
• 6M: 18.00%
• 1Y: 33.98%
• 3Y*: 28.59%
• 5Y*: 17.24%
• 10Y*: 18.56%

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

TDV vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TDV ProShares S&P Technology Dividend Aristocrats ETF	17.21%	16.05%	9.72%	27.29%	-15.94%	28.29%	29.00%	2.86%
TDIV First Trust NASDAQ Technology Dividend Index Fund	19.03%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	4.17%

Correlation

The correlation between TDV and TDIV is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Nov 7, 2019	0.94

The correlation between TDV and TDIV has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.

TDV vs. TDIV - Sectors Allocation Comparison

Sectors	TDV	TDIV
Technology	90.7%	87.1%
Financial Services	4.9%	-
Industrials	4.4%	1.3%
Basic Materials	-	-
Communication Services	-	11.6%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TDV vs. TDIV — Risk / Return Rank

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

TDV

TDV Risk / Return Rank: 48
TDV Sharpe Ratio Rank: 43
TDV Sortino Ratio Rank: 40
TDV Omega Ratio Rank: 41
TDV Calmar Ratio Rank: 59
TDV Martin Ratio Rank: 55

TDIV

TDIV Risk / Return Rank: 53
TDIV Sharpe Ratio Rank: 52
TDIV Sortino Ratio Rank: 48
TDIV Omega Ratio Rank: 49
TDIV Calmar Ratio Rank: 63
TDIV Martin Ratio Rank: 52

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. TDIV - 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 NASDAQ Technology Dividend Index Fund (TDIV). 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	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.71	-0.26
Sortino ratio: Return per unit of downside risk	1.98	2.29	-0.31
Omega ratio: Gain probability vs. loss probability	1.26	1.30	-0.04
Calmar ratio: Return relative to maximum drawdown	2.80	3.01	-0.21
Martin ratio: Return relative to average drawdown	9.19	8.56	+0.64

TDV vs. TDIV - Sharpe Ratio Comparison

The current TDV Sharpe Ratio is 1.45, which is comparable to the TDIV Sharpe Ratio of 1.71. The chart below compares the historical Sharpe Ratios of TDV and TDIV, 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. TDIV - Drawdown Comparison

The maximum TDV drawdown since its inception was -32.78%, roughly equal to the maximum TDIV drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for TDV and TDIV.

Drawdown Indicators

	TDV	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-32.78%	-31.97%	-0.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.55%	-11.35%	+1.80%
Max Drawdown (3Y) Largest decline over 3 years	-22.51%	-23.00%	+0.49%
Max Drawdown (5Y) Largest decline over 5 years	-25.11%	-31.97%	+6.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.97%	—
Current Drawdown Current decline from peak	-5.17%	-10.47%	+5.30%
Average Drawdown Average peak-to-trough decline	-5.35%	-4.85%	-0.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.91%	3.98%	-1.07%

Volatility

TDV vs. TDIV - Volatility Comparison

The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 8.96%, while First Trust NASDAQ Technology Dividend Index Fund (TDIV) has a volatility of 10.50%. This indicates that TDV experiences smaller price fluctuations and is considered to be less risky than TDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TDV	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.96%	10.50%	-1.54%
Volatility (6M) Calculated over the trailing 6-month period	14.58%	15.69%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	18.56%	20.02%	-1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.69%	20.97%	-0.28%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.30%	20.96%	+2.34%

TDV vs. TDIV - Expense Ratio Comparison

TDV has a 0.66% expense ratio, which is higher than TDIV's 0.50% expense ratio.

Dividends

TDV vs. TDIV - Dividend Comparison

TDV's dividend yield for the trailing twelve months is around 0.98%, less than TDIV's 1.22% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.22%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%
TDV ProShares S&P Technology Dividend Aristocrats ETF	0.98%	1.09%	1.16%	1.16%	1.67%	1.08%	1.10%	0.11%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TDV and TDIV in my portfolio?

With a correlation of 0.90, TDV and TDIV 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.

Which is riskier, TDV or TDIV?

TDIV has higher volatility (10.50%) compared to TDV (8.96%). In terms of maximum drawdown, TDV dropped -32.78% vs TDIV's -31.97%.

Which ETF is better, TDV or TDIV?

On 5-year performance, TDIV leads with 17.24% vs 12.89% for TDV. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDV has been the lower-risk option at 8.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDV or TDIV?

Over the 5-year period, TDIV has performed better with a 17.24% return vs 12.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDV or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.66% for TDV.

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

TDIV has the higher dividend yield at 1.22%, compared with 0.98% for TDV.

What is the main difference between TDV and TDIV?

TDV tracks Zacks 2040 Lifecycle Index, while TDIV tracks NASDAQ Technology Dividend Index. They also come from different issuers: ProShares and First Trust. Their fees differ too: 0.66% for TDV and 0.50% for TDIV.

Which has better risk-adjusted returns?

TDIV currently has the higher Sharpe Ratio (1.71 vs 1.45), 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.