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MDIV vs FCEF

Multi-Asset Diversified Income Index Fund vs First Trust Income Opportunity ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

FCEF

First Trust Income Opportunity ETF

First Trust

Annual cost

3.69%

Fund size

$75M

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.
  • MDIV follows a index tracking strategy; FCEF uses active selection.
  • Over the last 3 years, FCEF has delivered higher annualized returns.

Side-by-side comparison

MDIVFCEF
Annual cost (TER)0.71%3.69%
Fund size (AUM)$417M$75M
Since20122016
Dividend yield6.13%6.24%
Asset classmixed assetmixed asset
Region
Strategyindex trackingactive selection
CAGR 1Y+13.2%+19.6%
CAGR 3Y+12.1%+16.4%
CAGR 5Y+6.4%+6.8%
Sharpe 3Y0.921.22
Volatility 1Y6.71%7.86%
Max drawdown-48.50%-44.81%

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

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