TDVI vs. TDIV
TDVI (FT Vest Technology Dividend Target Income ETF) and TDIV (First Trust NASDAQ Technology Dividend Index Fund) are both exchange-traded funds - TDVI is a Derivative Income fund actively managed by First Trust, while TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index. TDVI is actively managed, while TDIV is passively managed. Over the past year, TDVI returned 29.07% vs 29.74% for TDIV. With a 0.98 correlation, they move nearly in lockstep. TDVI charges 0.75%/yr vs 0.50%/yr for TDIV.
Performance
TDVI vs. TDIV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with TDVI having a 17.94% return and TDIV slightly higher at 18.03%.
TDVI
- 1D
- -0.66%
- 1M
- -1.83%
- YTD
- 17.94%
- 6M
- 16.60%
- 1Y
- 29.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TDIV
- 1D
- -0.84%
- 1M
- -1.73%
- YTD
- 18.03%
- 6M
- 16.64%
- 1Y
- 29.74%
- 3Y*
- 28.23%
- 5Y*
- 17.05%
- 10Y*
- 18.46%
TDVI vs. TDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
TDVI FT Vest Technology Dividend Target Income ETF | 17.94% | 24.75% | 22.84% | 9.95% |
TDIV First Trust NASDAQ Technology Dividend Index Fund | 18.03% | 25.27% | 24.43% | 11.78% |
Correlation
The correlation between TDVI and TDIV is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Aug 10, 2023 | 0.98 |
The correlation between TDVI and TDIV has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
TDVI vs. TDIV — Risk / Return Rank
TDVI
TDIV
TDVI vs. TDIV - 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 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.
| TDVI | TDIV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.02 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.27 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 2.63 | -0.02 |
| Martin ratioReturn relative to average drawdown | 7.80 | 7.37 | +0.43 |
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Drawdowns
TDVI vs. TDIV - Drawdown Comparison
The maximum TDVI drawdown since its inception was -22.08%, smaller than the maximum TDIV drawdown of -31.97%. Use the drawdown chart below to compare losses from any high point for TDVI and TDIV.
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Drawdown Indicators
| TDVI | TDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.08% | -31.97% | +9.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.16% | -11.35% | +0.19% |
Max Drawdown (3Y)Largest decline over 3 years | — | -23.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.97% | — |
Current DrawdownCurrent decline from peak | -11.00% | -11.23% | +0.23% |
Average DrawdownAverage peak-to-trough decline | -3.10% | -4.85% | +1.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.74% | 4.04% | -0.30% |
Volatility
TDVI vs. TDIV - Volatility Comparison
FT Vest Technology Dividend Target Income ETF (TDVI) and First Trust NASDAQ Technology Dividend Index Fund (TDIV) have volatilities of 10.14% and 10.24%, 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.
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Volatility by Period
| TDVI | TDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.14% | 10.24% | -0.10% |
Volatility (6M)Calculated over the trailing 6-month period | 15.24% | 15.69% | -0.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.32% | 20.01% | -0.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.06% | 20.97% | -0.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.06% | 20.96% | -0.90% |
TDVI vs. TDIV - Expense Ratio Comparison
TDVI has a 0.75% expense ratio, which is higher than TDIV's 0.50% expense ratio.
Dividends
TDVI vs. TDIV - Dividend Comparison
TDVI's dividend yield for the trailing twelve months is around 7.08%, more than TDIV's 1.23% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV First Trust NASDAQ Technology Dividend Index Fund | 1.23% | 1.40% | 1.59% | 1.74% | 2.51% | 1.76% | 2.07% | 2.27% | 2.97% | 2.27% | 2.45% | 2.52% |
TDVI FT Vest Technology Dividend Target Income ETF | 7.08% | 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
With a correlation of 0.99, TDVI 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.
TDIV has higher volatility (10.24%) compared to TDVI (10.14%). In terms of maximum drawdown, TDVI dropped -22.08% vs TDIV's -31.97%.
On 1-year performance, TDIV leads with 29.74% vs 29.07% for TDVI. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDVI has been the lower-risk option at 10.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, TDIV has performed better with a 29.74% return vs 29.07%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TDIV is cheaper with a 0.50% expense ratio, compared with 0.75% for TDVI.
TDVI has the higher dividend yield at 7.08%, compared with 1.23% for TDIV.
TDVI is categorized as Derivative Income, while TDIV is Technology Equities. Their fees differ too: 0.75% for TDVI and 0.50% for TDIV.
TDVI currently has the higher Sharpe Ratio (1.52 vs 1.50), 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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