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MDIV vs SBAR

Multi-Asset Diversified Income Index Fund vs Simplify Barrier Income ETF

MDIV

Multi-Asset Diversified Income Index Fund

First Trust

Annual cost

0.71%

Fund size

$417M

SBAR

Simplify Barrier Income ETF

Simplify Asset Management

Annual cost

0.75%

Fund size

$291M

Key differences

  • MDIV is classified as mixed asset, while SBAR is alternative — different risk/return profiles.
  • MDIV follows a index tracking strategy; SBAR uses option income.
  • MDIV has a longer track record, which may reduce uncertainty around long-term behavior.

Side-by-side comparison

MDIVSBAR
Annual cost (TER)0.71%0.75%
Fund size (AUM)$417M$291M
Since20122025
Dividend yield6.13%12.88%
Asset classmixed assetalternative
Regionnorth america
Strategyindex trackingoption income
CAGR 1Y+13.2%+13.2%
CAGR 3Y+12.1%N/A
CAGR 5Y+6.4%N/A
Sharpe 3Y0.92N/A
Volatility 1Y6.71%9.49%
Max drawdown-48.50%-5.32%

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

Similar to MDIV and SBAR