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ETFs

First Trust Morningstar Dividend Leaders Index Fund

FDL
$—
Today’s Change
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Snapshot
*

Inception Date
Mar 9, 2006
Expense Ratio
0.45%
Type
US Equities
Fund Owner
First Trust
Volume (1m avg. daily)
$21,896,707
AUM
$4,108,782,067
Associated Index
Morningstar Dividend Leaders Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

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4.75%
C
Citigroup Inc
3.24%
DUK
Duke Energy Corp.
2.68%
SO
Southern Company
2.54%
Invest with FDL
Trade FDL Options

What is FDL?

The First Trust Morningstar Dividend Leaders Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Morningstar Dividend Leaders Index.

1M
3M
6M
YTD
1Y
3Y
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FDL
Performance Measures**

for the time period Mar 15, 2006 to Dec 4, 2025

Returns

1M Trailing Return: 5.0%

The percent change in the value over the most recent 1-month period.

3M Trailing Return: 1.5%

The percent change in the value over the most recent 3-month period.

Measures of Risk or Volatility

Max Drawdown: -65.9%

The greatest percent loss from peak to trough in value over the time period.

Standard Deviation: 19.6%

The typical amount that daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

Measures of Risk-Adjusted Performance

Sharpe Ratio: 0.50

The annualized arithmetic mean of the daily returns divided by the annualized standard deviation of the daily returns for the selected time period.

Calmar Ratio: 0.12

The annualized return divided by the max drawdown for the selected time period.

ETFs related toFDL

ETFs correlated to FDL include DHS, VYM, HDV

FDL
First Trust Exchange-Traded Fund III - First Trust Morningstar Dividend Leaders Index Fund
DHS
WisdomTree Trust - WisdomTree U.S. High Dividend Fund
VYM
Vanguard Group, Inc. - Vanguard High Dividend Yield Indx ETF
HDV
BlackRock Institutional Trust Company N.A. - iShares Core High Dividend ETF
DVY
BlackRock Institutional Trust Company N.A. - iShares Select Dividend ETF
CDL
Victory Portfolios II - VictoryShares US Large Cap High Div Volatility Wtd ETF
DFUV
Dimensional ETF Trust - Dimensional US Marketwide Value ETF
JAVA
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan Active Value ETF
VTV
Vanguard Group, Inc. - Vanguard Value ETF
SCHD
Schwab Strategic Trust - Schwab US Dividend Equity ETF
SCHV
Schwab Strategic Trust - Schwab U.S. Large-Cap Value ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Trading Strategies
Related toFDL

Simon | KMLM switcher | Simon Shorts Ed. + MbM | (single pops)| BT 4/13/22

Category

Trend-following, RSI momentum, volatility hedging, leveraged ETFs, inverse ETFs, managed futures (KMLM), bonds/cash, tech/semis/small-cap/biotech, risk-on/off

OOS Cumulative Return

94.76%

💎🥐

Category

Tactical asset allocation, volatility trading, market timing, risk management, leveraged ETFs, trend-following, mean reversion

OOS Cumulative Return

17.83%

Create your own algorithmic trading strategy with FDL using Composer

FAQ

FDL is a US Equities ETF. The First Trust Morningstar Dividend Leaders Index Fund is an exchange-traded index fund. The investment objective of the fund is to replicate as closely as possible before fees and expenses the price and yield of the Morningstar Dividend Leaders Index.

FDL tracks the Morningstar Dividend Leaders Index.

FDL dividend information: Dividend - Regular Payors. Dividend payouts may vary in terms of frequency of payouts.

No, FDL is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, FDL is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on FDL is 0.0018%. This is the percent change in the value of FDL over the most recent 1-month period. The 3-month return on FDL is 0.0217%. This is the percent change in the value of FDL over the most recent 3-month period.

The standard deviation of FDL for the past year is 0.1685%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to FDL include DFAS, DFAT, and FVD.

ETFs correlated to FDL include DHS, VYM, and HDV.

ETFs that are inversely correlated to FDL include SDOW, DOG, and DXD.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.