FVD — First Trust Value Line Dividend Index Fund

FVD Price Performance — Growth of $10,000

Value of a $10,000 investment in FVD over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

FVD Drawdown

The "underwater" chart: FVD's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

First Trust issues the First Trust Value Line Dividend Index Fund, a Dividend Income ETF with $8.18 billion in assets under management. It holds the lowest possible standing in its category, ranking 20 of 20 peers, and sits at #278 of 458 tracked ETFs overall. The fund carries an ETFValuer grade of C, reflecting a score of 57.2 out of 100. Its expense ratio of 0.62% is more than double the category median of 0.29%, while its dividend yield of 1.61% trails the median of 2.67%. The top 10 holdings represent only 4.3% of assets, with Reynolds Consumer Products Inc serving as the largest single position at 0.4%.

The fund’s price of $50.12 places it at 81.0% of its 52-week range, indicating it is trading near the upper end of its recent history. Short-term returns show weakness, with declines of -0.69% over one day and -1.03% over one month. However, longer horizons reveal growth, as the fund gained +10.92% over the past year and +38.82% over three years. This 1-year performance of +10.92% significantly lags the category median return of +20.27%. The ETFValuer grade has remained unchanged at C across the last 35 tracked days, and price history is available for 3.0 years.

With a beta of 0.45, the fund has exhibited lower sensitivity to market movements compared to the broader market. Annualized volatility stands at 9.95%, which is labeled as Low, contributing to a Sharpe ratio of 0.60. The maximum drawdown recorded is -11.97%, suggesting moderate downside risk during peak stress periods. Liquidity is characterized by an average daily volume of 558,396 shares, though the bid/ask spread of 2.32% indicates higher trading costs. These metrics collectively describe a fund that has historically moved less aggressively than its peers while maintaining a moderate risk-adjusted return profile.

AI-generated summary based on the data on this page.

FVD Top Holdings

Holdings as of 2026-06-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.3% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how FVD's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With FVD

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with FVD's top 10 — HDV overlaps most, holding 2 of the same companies as FVD's top 10 (0.9% of FVD's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.77% (as of 2026-09-03) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 14.32 (as of 2026-09-03) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-08-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FVD Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.32% and average daily volume is 558K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $8.18B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: FVD is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

FVD Performance History

How FVD Compares to Other Dividend Income ETFs