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FCEF vs MDIV
First Trust Income Opportunity ETF vs Multi-Asset Diversified Income Index Fund
Key differences
- MDIV costs 2.98% less per year.
- MDIV is significantly larger than FCEF — larger funds tend to be more liquid and less likely to close.
- FCEF follows a active selection strategy; MDIV uses index tracking.
- Over the last 3 years, FCEF has delivered higher annualized returns.
Side-by-side comparison
| FCEF | MDIV | |
|---|---|---|
| Annual cost (TER) | 3.69% | 0.71% |
| Fund size (AUM) | $75M | $417M |
| Since | 2016 | 2012 |
| Dividend yield | 6.24% | 6.13% |
| Asset class | mixed asset | mixed asset |
| Region | — | — |
| Strategy | active selection | index tracking |
| CAGR 1Y | +19.6% | +13.2% |
| CAGR 3Y | +16.4% | +12.1% |
| CAGR 5Y | +6.8% | +6.4% |
| Sharpe 3Y | 1.22 | 0.92 |
| Volatility 1Y | 7.86% | 6.71% |
| Max drawdown | -44.81% | -48.50% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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