TDVI vs. TDIV

Last updated Jun 4, 2026

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 52.59% vs 53.63% 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

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Vest Technology Dividend Target Income ETF (TDVI) and First Trust NASDAQ Technology Dividend Index Fund (TDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with TDVI having a 30.16% return and TDIV slightly higher at 30.57%.

TDVI

• 1D: -1.77%
• 1M: 15.46%
• YTD: 30.16%
• 6M: 28.30%
• 1Y: 52.59%
• 3Y*: —
• 5Y*: —
• 10Y*: —

TDIV

• 1D: -1.79%
• 1M: 15.82%
• YTD: 30.57%
• 6M: 28.79%
• 1Y: 53.63%
• 3Y*: 33.27%
• 5Y*: 19.29%
• 10Y*: 19.34%

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

TDVI vs. TDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TDVI FT Vest Technology Dividend Target Income ETF	30.16%	24.75%	22.84%	10.79%
TDIV First Trust NASDAQ Technology Dividend Index Fund	30.57%	25.27%	24.43%	11.49%

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 11, 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.

Return for Risk

TDVI vs. TDIV — Risk / Return Rank

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

TDVI

TDVI Risk / Return Rank: 86
TDVI Sharpe Ratio Rank: 88
TDVI Sortino Ratio Rank: 86
TDVI Omega Ratio Rank: 84
TDVI Calmar Ratio Rank: 89
TDVI Martin Ratio Rank: 83

TDIV

TDIV Risk / Return Rank: 83
TDIV Sharpe Ratio Rank: 86
TDIV Sortino Ratio Rank: 84
TDIV Omega Ratio Rank: 80
TDIV Calmar Ratio Rank: 87
TDIV Martin Ratio Rank: 79

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.

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.

	TDVI	TDIV	Difference
Sharpe ratio: Return per unit of total volatility	3.00	2.93	+0.07
Sortino ratio: Return per unit of downside risk	3.94	3.85	+0.09
Omega ratio: Gain probability vs. loss probability	1.51	1.49	+0.02
Calmar ratio: Return relative to maximum drawdown	5.38	5.02	+0.36
Martin ratio: Return relative to average drawdown	17.05	15.64	+1.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDVI vs. TDIV - Sharpe Ratio Comparison

The current TDVI Sharpe Ratio is 3.00, which is comparable to the TDIV Sharpe Ratio of 2.93. The chart below compares the historical Sharpe Ratios of TDVI 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.

Sharpe Ratios by Period

	TDVI	TDIV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.00	2.93	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.94	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.67	0.88	+0.79

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.

Drawdown Indicators

	TDVI	TDIV	Difference
Max Drawdown Largest peak-to-trough decline	-22.08%	-31.97%	+9.89%
Max Drawdown (1Y) Largest decline over 1 year	-9.83%	-10.74%	+0.91%
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 Drawdown Current decline from peak	-1.77%	-1.79%	+0.02%
Average Drawdown Average peak-to-trough decline	-2.98%	-4.84%	+1.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.09%	3.44%	-0.35%

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 6.59% and 6.86%, 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.

Volatility by Period

	TDVI	TDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.59%	6.86%	-0.27%
Volatility (6M) Calculated over the trailing 6-month period	13.26%	13.91%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	17.69%	18.47%	-0.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.65%	20.67%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.65%	20.85%	-1.20%

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 6.41%, more than TDIV's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.12%	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	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

Can I hold both TDVI and TDIV in my portfolio?

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.

Which is riskier, TDVI or TDIV?

TDIV has higher volatility (6.86%) compared to TDVI (6.59%). In terms of maximum drawdown, TDVI dropped -22.08% vs TDIV's -31.97%.

Which ETF is better, TDVI or TDIV?

On 1-year performance, TDIV leads with 53.63% vs 52.59% for TDVI. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDVI has been the lower-risk option at 6.59%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDVI or TDIV?

Over the 1-year period, TDIV has performed better with a 53.63% return vs 52.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDVI or TDIV?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.75% for TDVI.

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

TDVI has the higher dividend yield at 6.41%, compared with 1.12% for TDIV.

What is the main difference between TDVI and 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.

Which has better risk-adjusted returns?

TDVI currently has the higher Sharpe Ratio (3.00 vs 2.93), 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.