UXOC vs. FDL
UXOC (FT Vest U.S. Equity Uncapped Accelerator ETF - October) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - UXOC is a Defined Outcome fund actively managed by First Trust, while FDL is a Large Cap Value Equities fund tracking the Morningstar Dividend Leaders Index. UXOC is actively managed, while FDL is passively managed. Over the past year, UXOC returned 21.58% vs 27.65% for FDL. Their 0.24 correlation means their historical movements had little consistent relationship. UXOC charges 0.85%/yr vs 0.43%/yr for FDL.
Performance
UXOC vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, UXOC achieves a 9.97% return, which is significantly lower than FDL's 18.16% return.
UXOC
- 1D
- 1.02%
- 1M
- 0.46%
- 6M
- 8.49%
- YTD
- 9.97%
- 1Y
- 21.58%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.44%
FDL
- 1D
- 0.02%
- 1M
- 3.27%
- 6M
- 9.50%
- YTD
- 18.16%
- 1Y
- 27.65%
- 3Y*
- 18.28%
- 5Y*
- 13.98%
- 10Y*
- 11.09%
- ALL TIME*
- 8.94%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $52.24M | $50.06M | $42.95M | |
| $47.86K | $47.57K | $87.77K |
UXOC vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October | 9.97% | 17.29% | 0.01% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 18.16% | 14.79% | -3.29% |
Correlation
The correlation between UXOC and FDL is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (All Time) Calculated using the full available price history since Oct 21, 2024 | 0.24 |
Over the past year, the correlation between UXOC and FDL has dropped to 0.03 - well below their long-term average of 0.24, suggesting their price drivers have been diverging.
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Return for Risk
UXOC vs. FDL — Risk / Return Rank
UXOC
FDL
UXOC vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) 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.
| UXOC | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.39 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.98 | 6.29 | -4.30 |
| Martin ratioReturn relative to average drawdown | 7.87 | 14.86 | -6.99 |
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Drawdowns
UXOC vs. FDL - Drawdown Comparison
The maximum UXOC drawdown since its inception was -19.93%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for UXOC and FDL.
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Drawdown Indicators
| UXOC | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.93% | -65.93% | +46.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.81% | -4.27% | -5.54% |
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 | -1.99% | -1.96% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -2.71% | -9.59% | +6.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.47% | 1.81% | +0.66% |
Volatility
UXOC vs. FDL - Volatility Comparison
The current volatility for FT Vest U.S. Equity Uncapped Accelerator ETF - October (UXOC) is 4.13%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 4.96%. This indicates that UXOC experiences smaller price fluctuations and is considered to be less risky 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
| UXOC | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.13% | 4.96% | -0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 11.14% | 8.97% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.39% | 11.95% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 14.44% | +3.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.84% | 17.16% | +0.68% |
UXOC vs. FDL - Expense Ratio Comparison
UXOC has a 0.85% expense ratio, which is higher than FDL's 0.43% expense ratio.
Dividends
UXOC vs. FDL - Dividend Comparison
UXOC has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.59%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.59% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
UXOC FT Vest U.S. Equity Uncapped Accelerator ETF - October | 0.00% | 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
UXOC and FDL have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (4.96%) compared to UXOC (4.13%). In terms of maximum drawdown, UXOC dropped -19.93% vs FDL's -65.93%.
On 1-year performance, FDL leads with 27.65% vs 21.58% for UXOC. On fees, FDL is cheaper at 0.43% per year. On volatility, UXOC has been the lower-risk option at 4.13%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, FDL has performed better with a 27.65% return vs 21.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FDL is cheaper with a 0.43% expense ratio, compared with 0.85% for UXOC.
FDL has the higher dividend yield at 3.59%, compared with 0.00% for UXOC.
UXOC is categorized as Defined Outcome, while FDL is Large Cap Value Equities. Their fees differ too: 0.85% for UXOC and 0.43% for FDL.
FDL currently has the higher Sharpe Ratio (2.26 vs 1.35), 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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