TDV vs. TDIV
Compare and contrast key facts about ProShares S&P Technology Dividend Aristocrats ETF (TDV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV).
TDV and TDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDV is a passively managed fund by ProShares that tracks the performance of the Zacks 2040 Lifecycle Index. It was launched on Nov 5, 2019. 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. Both TDV and TDIV 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: TDV or TDIV.
Key characteristics
| TDV | TDIV | |
|---|---|---|
| YTD Return | 12.45% | 26.37% |
| 1Y Return | 21.53% | 35.99% |
| 3Y Return (Ann) | 7.54% | 12.30% |
| 5Y Return (Ann) | 15.67% | 16.19% |
| Sharpe Ratio | 1.49 | 2.25 |
| Sortino Ratio | 2.05 | 3.03 |
| Omega Ratio | 1.26 | 1.38 |
| Calmar Ratio | 2.09 | 3.43 |
| Martin Ratio | 7.39 | 12.86 |
| Ulcer Index | 3.43% | 3.05% |
| Daily Std Dev | 17.07% | 17.40% |
| Max Drawdown | -32.78% | -31.97% |
| Current Drawdown | -2.12% | -2.44% |
Correlation
The correlation between TDV and TDIV is 0.95, 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
TDV vs. TDIV - Performance Comparison
In the year-to-date period, TDV achieves a 12.45% return, which is significantly lower than TDIV's 26.37% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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TDV vs. TDIV - Expense Ratio Comparison
TDV has a 0.66% expense ratio, which is higher than TDIV's 0.50% expense ratio.
Risk-Adjusted Performance
TDV vs. TDIV - Risk-Adjusted Performance 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.
Dividends
TDV vs. TDIV - Dividend Comparison
TDV's dividend yield for the trailing twelve months is around 1.16%, less than TDIV's 1.56% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 1.16% | 1.16% | 1.67% | 1.08% | 1.10% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.56% | 1.74% | 2.51% | 1.76% | 2.08% | 2.27% | 2.96% | 2.27% | 2.45% | 2.52% | 2.80% | 2.31% |
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. For additional features, visit the drawdowns tool.
Volatility
TDV vs. TDIV - Volatility Comparison
ProShares S&P Technology Dividend Aristocrats ETF (TDV) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 4.95% and 4.73%, 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.