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MDIV vs DMX

Multi-Asset Diversified Income Index Fund vs DoubleLine Multi-Sector Income ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

DMX

DoubleLine Multi-Sector Income ETF

DoubleLine ETF Trust

Annual cost

0.50%

Fund size

$85M

Key differences

  • DMX costs 0.21% less per year.
  • MDIV is significantly larger than DMX — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while DMX is fixed income — different risk/return profiles.
  • MDIV follows a index tracking strategy; DMX uses active selection.
  • MDIV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MDIVDMX
Annual cost (TER)0.71%0.50%
Fund size (AUM)$417M$85M
Since20122024
Dividend yield6.13%5.79%
Asset classmixed assetfixed income
Regionnorth america
Strategyindex trackingactive selection
CAGR 1Y+13.4%+6.9%
CAGR 3Y+12.3%N/A
CAGR 5Y+6.4%N/A
Sharpe 3Y0.94N/A
Volatility 1Y6.70%2.25%
Max drawdown-48.50%-2.65%

Green dot indicates the better value for that metric. Performance data is historical and does not predict future results.

Similar to MDIV and DMX