XFEB vs. FDL
XFEB (FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February) and FDL (First Trust Morningstar Dividend Leaders Index Fund) are both exchange-traded funds - XFEB 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. XFEB is actively managed, while FDL is passively managed. Over the past year, XFEB returned 11.76% vs 25.91% for FDL. At a 0.33 correlation, their price movements are largely independent. XFEB charges 0.85%/yr vs 0.45%/yr for FDL.
Performance
XFEB vs. FDL - Performance Comparison
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Returns By Period
In the year-to-date period, XFEB achieves a 3.94% return, which is significantly lower than FDL's 14.42% return.
XFEB
- 1D
- -0.61%
- 1M
- 0.39%
- YTD
- 3.94%
- 6M
- 4.63%
- 1Y
- 11.76%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FDL
- 1D
- 0.18%
- 1M
- 1.25%
- YTD
- 14.42%
- 6M
- 15.89%
- 1Y
- 25.91%
- 3Y*
- 19.36%
- 5Y*
- 12.73%
- 10Y*
- 11.25%
XFEB vs. FDL - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 3.94% | 9.12% | 9.39% |
FDL First Trust Morningstar Dividend Leaders Index Fund | 14.42% | 14.79% | 16.52% |
Correlation
The correlation between XFEB and FDL is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Feb 21, 2024 | 0.33 |
The correlation between XFEB and FDL shifts across timeframes, from 0.18 (1 year) to 0.33 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XFEB vs. FDL — Risk / Return Rank
XFEB
FDL
XFEB vs. FDL - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) 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.
| XFEB | FDL | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.32 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.62 | 1.40 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 2.86 | 6.09 | -3.22 |
| Martin ratioReturn relative to average drawdown | 16.74 | 14.81 | +1.94 |
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
| XFEB | FDL | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.63 | 2.31 | +0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.89 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 0.45 | +0.94 |
Drawdowns
XFEB vs. FDL - Drawdown Comparison
The maximum XFEB drawdown since its inception was -9.07%, smaller than the maximum FDL drawdown of -65.93%. Use the drawdown chart below to compare losses from any high point for XFEB and FDL.
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Drawdown Indicators
| XFEB | FDL | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.07% | -65.93% | +56.86% |
Max Drawdown (1Y)Largest decline over 1 year | -4.12% | -4.27% | +0.15% |
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 | -0.61% | -1.24% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -0.54% | -9.65% | +9.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.70% | 1.75% | -1.05% |
Volatility
XFEB vs. FDL - Volatility Comparison
The current volatility for FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February (XFEB) is 0.87%, while First Trust Morningstar Dividend Leaders Index Fund (FDL) has a volatility of 2.84%. This indicates that XFEB 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
| XFEB | FDL | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.87% | 2.84% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 3.78% | 7.78% | -4.00% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.50% | 11.27% | -6.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.10% | 14.31% | -7.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.10% | 17.11% | -10.01% |
XFEB vs. FDL - Expense Ratio Comparison
XFEB has a 0.85% expense ratio, which is higher than FDL's 0.45% expense ratio.
Dividends
XFEB vs. FDL - Dividend Comparison
XFEB has not paid dividends to shareholders, while FDL's dividend yield for the trailing twelve months is around 3.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FDL First Trust Morningstar Dividend Leaders Index Fund | 3.64% | 4.04% | 4.96% | 4.58% | 3.58% | 4.59% | 4.48% | 3.75% | 3.97% | 3.18% | 2.93% | 3.65% |
XFEB FT Vest U.S. Equity Enhance & Moderate Buffer ETF - February | 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
XFEB and FDL have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
FDL has higher volatility (2.84%) compared to XFEB (0.87%). In terms of maximum drawdown, XFEB dropped -9.07% vs FDL's -65.93%.
On 1-year performance, FDL leads with 25.91% vs 11.76% for XFEB. On fees, FDL is cheaper at 0.45% per year. On volatility, XFEB has been the lower-risk option at 0.87%. 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 25.91% return vs 11.76%. 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 0.85% for XFEB.
FDL has the higher dividend yield at 3.64%, compared with 0.00% for XFEB.
XFEB is categorized as Defined Outcome, while FDL is Large Cap Value Equities. Their fees differ too: 0.85% for XFEB and 0.45% for FDL.
XFEB currently has the higher Sharpe Ratio (2.63 vs 2.31), 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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