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MDIV vs FLOT

Multi-Asset Diversified Income Index Fund vs iShares Floating Rate Bond ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

FLOT

iShares Floating Rate Bond ETF

iShares

Annual cost

0.15%

Fund size

$9.3B

Key differences

  • FLOT costs 0.56% less per year.
  • FLOT is significantly larger than MDIV — larger funds tend to be more liquid and less likely to close.
  • MDIV is classified as mixed asset, while FLOT is fixed income — different risk/return profiles.
  • Over the last 3 years, MDIV has delivered higher annualized returns.

Side-by-side comparison

MDIVFLOT
Annual cost (TER)0.71%0.15%
Fund size (AUM)$417M$9.3B
Since20122011
Dividend yield6.13%4.66%
Asset classmixed assetfixed income
Regionnorth america
Strategyindex trackingindex tracking
CAGR 1Y+13.4%+5.0%
CAGR 3Y+12.3%+5.8%
CAGR 5Y+6.4%+4.2%
Sharpe 3Y0.941.53
Volatility 1Y6.70%0.74%
Max drawdown-48.50%-13.54%

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

Similar to MDIV and FLOT