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

The First Trust Value Line Dividend Index Fund (FVD) operates within the Dividend Income category, which ETFValuer tracks with 20 total funds. Issued by First Trust, the fund manages $8.04 billion in assets and trades at a price of $49.91. It holds an overall rank of #276 out of 458 tracked ETFs across all categories and has received an ETFValuer grade of C with a score of 58.4 out of 100. The fund charges an expense ratio of 0.62% while offering a dividend yield of 1.65%. The substantial asset base of $8.04 billion suggests significant investor adoption relative to the fund's mid-tier ranking and moderate cost structure. These metrics collectively define the fund's position as a large-cap dividend vehicle with a neutral to below-average performance rating among its peers.

FVD posted a one-day return of +1.24% and a one-week gain of +0.63%, followed by a one-month increase of +4.39%. Over the longer term, the fund recorded a three-month return of +4.63% and a six-month gain of +6.38%, indicating a steady upward trajectory. Year-to-date performance stands at +9.31%, while the one-year return reached +10.98%. The three-year annualized return is recorded at +31.09%, showing sustained growth over the multi-year horizon. This pattern demonstrates consistent positive returns across all measured periods without any negative intervals in the provided data. The acceleration from the one-week figure to the one-year and three-year figures suggests compounding momentum over time.

The fund carries a Low volatility label and a beta of 0.49, indicating that its price movements are less sensitive to broader market fluctuations. A Sharpe ratio of 0.60 suggests the fund has generated moderate risk-adjusted returns relative to the risk taken. The maximum drawdown recorded is -11.97%, which represents the largest peak-to-trough decline experienced by the fund. This combination of low beta and a defined maximum drawdown implies a defensive profile that tends to experience smaller declines during market downturns. The low volatility and beta figures suggest the fund may provide stability, while the Sharpe ratio indicates that the returns achieved were not excessive relative to the volatility incurred.

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

FVD Top Holdings

Holdings as of 2026-03-31 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 4.5% 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 — PPH overlaps most, holding 4 of the same companies as FVD's top 10 (1.8% 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: 4.71% (as of 2026-07-23) — 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): 18.70 (as of 2026-07-23) — 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 2026-06-01) — 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 1.12% and average daily volume is 771K/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 $8.04B 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