TDVI vs. FDL
TDVI (FT Vest Technology Dividend Target Income ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - TDVI is a Derivative Income fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. TDVI is actively managed, while FDL is passively managed. Over the past year, TDVI returned 52.59% vs 23.67% for FDL. At a 0.31 correlation, their price movements are largely independent. TDVI charges 0.75%/yr vs 0.45%/yr for FDL.
Performance
TDVI vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, TDVI achieves a 30.16% return, which is significantly higher than FDL's 13.33% return.
TDVI
- 1D
- -1.77%
- 1M
- 15.46%
- YTD
- 30.16%
- 6M
- 28.30%
- 1Y
- 52.59%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.26%
- 1M
- -0.26%
- YTD
- 13.33%
- 6M
- 14.76%
- 1Y
- 23.67%
- 3Y*
- 18.97%
- 5Y*
- 12.51%
- 10Y*
- 11.24%
TDVI vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TDVI FT Vest Technology Dividend Target Income ETF | 30.16% | 24.75% | 22.84% | 10.79% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 13.33% | 14.79% | 17.98% | 4.75% |
Correlation
The correlation between TDVI and FDL is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (All Time) Calculated using the full available price history since Aug 11, 2023 | 0.31 |
The correlation between TDVI and FDL shifts across timeframes, from 0.11 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
TDVI vs. FDL — Risk / Return Rank
TDVI
FDL
TDVI vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest Technology Dividend Target Income ETF (TDVI) and First Trust Morningstar Dividend Leaders Index Fund (FDL). 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.
| TDVI | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.89 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.51 | 1.37 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 5.38 | 5.56 | -0.19 |
| Martin ratioReturn relative to average drawdown | 17.05 | 13.56 | +3.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TDVI | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.00 | 2.11 | +0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.88 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.67 | 0.45 | +1.22 |
Drawdowns
TDVI vs. FDL - Drawdown Comparison
The maximum TDVI drawdown since its inception was -22.08%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for TDVI and FDL.
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Drawdown Indicators
| TDVI | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -65.93% | +43.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.83% | -4.27% | -5.56% |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.24% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.46% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -41.40% | — |
Current DrawdownCurrent decline from peak | -1.77% | -2.18% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -2.98% | -9.66% | +6.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.09% | 1.75% | +1.34% |
Volatility
TDVI vs. FDL - Volatility Comparison
FT Vest Technology Dividend Target Income ETF (TDVI) has a higher volatility of 6.59% compared to First Trust Morningstar Dividend Leaders Index Fund (FDL) at 2.85%. This indicates that TDVI's price experiences larger fluctuations and is considered to be riskier than FDL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TDVI | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.59% | 2.85% | +3.74% |
Volatility (6M)Calculated over the trailing 6-month period | 13.26% | 7.87% | +5.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 11.28% | +6.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.65% | 14.31% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.65% | 17.11% | +2.54% |
TDVI vs. FDL - Expense Ratio Comparison
TDVI has a 0.75% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
TDVI vs. FDL - Dividend Comparison
TDVI's dividend yield for the trailing twelve months is around 6.41%, more than FDL's 3.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.68% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
TDVI FT Vest Technology Dividend Target Income ETF | 6.41% | 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
TDVI and FDL have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TDVI has higher volatility (6.59%) compared to FDL (2.85%). In terms of maximum drawdown, TDVI dropped -22.08% vs FDL's -65.93%.
On 1-year performance, TDVI leads with 52.59% vs 23.67% for FDL. On fees, FDL is cheaper at 0.45% per year. On volatility, FDL has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TDVI has performed better with a 52.59% return vs 23.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.45% expense ratio, compared with 0.75% for TDVI.
TDVI has the higher dividend yield at 6.41%, compared with 3.68% for FDL.
TDVI is categorized as Derivative Income, while FDL is Large Cap Value Equities. Their fees differ too: 0.75% for TDVI and 0.45% for FDL.
TDVI currently has the higher Sharpe Ratio (3.00 vs 2.11), 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.
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