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MDIV vs CVY
Multi-Asset Diversified Income Index Fund vs Invesco Zacks Multi-Asset Income ETF
Key differences
- MDIV costs 0.50% less per year.
- MDIV is significantly larger than CVY — larger funds tend to be more liquid and less likely to close.
- MDIV follows a index tracking strategy; CVY uses active selection.
- Over the last 3 years, CVY has delivered higher annualized returns.
- CVY has a longer track record, which may reduce uncertainty around long-term behavior.
Side-by-side comparison
| MDIV | CVY | |
|---|---|---|
| Annual cost (TER) | 0.71% | 1.21% |
| Fund size (AUM) | $417M | $119M |
| Since | 2012 | 2006 |
| Dividend yield | 6.13% | 3.74% |
| Asset class | mixed asset | mixed asset |
| Region | — | global |
| Strategy | index tracking | active selection |
| CAGR 1Y | +13.4% | +20.4% |
| CAGR 3Y | +12.3% | +16.2% |
| CAGR 5Y | +6.4% | +7.2% |
| Sharpe 3Y | 0.94 | 0.88 |
| Volatility 1Y | 6.70% | 11.04% |
| Max drawdown | -48.50% | -50.47% |
Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.
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