TPRY vs. FDL
TPRY (VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - TPRY is a Derivative Income fund tracking the BITA VistaShares TEPRTantrum Select, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. Both are passively managed. At a correlation of -0.20, they often move in opposite directions. TPRY charges 0.95%/yr vs 0.43%/yr for FDL.
Performance
TPRY vs. FDL - Performance Comparison
Loading charts...
Returns By Period
TPRY
- 1D
- -0.04%
- 1M
- -2.26%
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- -0.32%
- 1M
- -3.06%
- YTD
- 12.30%
- 6M
- 12.10%
- 1Y
- 21.91%
- 3Y*
- 18.97%
- 5Y*
- 12.94%
- 10Y*
- 11.09%
TPRY vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF | 3.48% |
FDL First Trust Morningstar Dividend Leaders Index Fund | -1.92% |
Correlation
The correlation between TPRY and FDL is -0.20, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Feb 26, 2026 | -0.20 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TPRY vs. FDL — Risk / Return Rank
TPRY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FDL
TPRY vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF (TPRY) 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.
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.
| TPRY | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.15 | — |
| Martin ratioReturn relative to average drawdown | — | 12.05 | — |
Loading charts...
Drawdowns
TPRY vs. FDL - Drawdown Comparison
The maximum TPRY drawdown since its inception was -11.32%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for TPRY and FDL.
Loading charts...
Drawdown Indicators
| TPRY | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.32% | -65.93% | +54.61% |
Max Drawdown (1Y)Largest decline over 1 year | — | -4.27% | — |
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 | -4.13% | -3.40% | -0.73% |
Average DrawdownAverage peak-to-trough decline | -3.28% | -9.63% | +6.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.82% | — |
Volatility
TPRY vs. FDL - Volatility Comparison
Loading charts...
Volatility by Period
| TPRY | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.54% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.10% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 27.44% | 11.55% | +15.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.44% | 14.31% | +13.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.44% | 17.11% | +10.33% |
TPRY vs. FDL - Expense Ratio Comparison
TPRY has a 0.95% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
TPRY vs. FDL - Dividend Comparison
TPRY's dividend yield for the trailing twelve months is around 3.67%, less than FDL's 3.71% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.71% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
TPRY VistaShares Target 15 TEPRTantrum Contrarian Distribution ETF | 3.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TPRY and FDL have a correlation of -0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FDL is cheaper at 0.43% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FDL is cheaper with a 0.43% expense ratio, compared with 0.95% for TPRY.
FDL has the higher dividend yield at 3.71%, compared with 3.67% for TPRY.
TPRY is categorized as Derivative Income, while FDL is Large Cap Value Equities. TPRY tracks BITA VistaShares TEPRTantrum Select, while FDL tracks Morningstar Dividend Leaders Index. They also come from different issuers: VistaShares and First Trust. Their fees differ too: 0.95% for TPRY and 0.43% for FDL.
Find the right allocation for TPRY and FDL
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer