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 is a Dividend Income ETF issued by First Trust with $7.55 billion in assets under management. It holds a C grade (63.5/100) and ranks 19th out of 20 peers in its category, placing it near the bottom of the group. The fund’s 0.62% expense ratio is more than double the category median of 0.29%, while its 2.24% dividend yield trails the median of 2.69%. Despite the high cost and lower yield, the fund maintains a significant market presence. Its top ten holdings represent only 4.3% of assets, with Reynolds Consumer Products Inc serving as the largest single position at 0.4%.

The ETF has delivered a 1-year return of 11.34%, which falls short of the category median of 17.96%. Short-term momentum shows a divergence, with a 1-month gain of 5.76% contrasting with a slight 3-month decline of 0.46%. Year-to-date performance stands at 10.36%, and the fund is currently priced at $50.12, sitting at 81.0% of its 52-week range. The rating has remained unchanged at grade C over the last 35 tracked days. Historical price data is available for only 3.0 years, limiting the long-term track record available for analysis.

With a beta of 0.45, the fund exhibits lower sensitivity to market movements compared to the broader index. Annualized volatility is recorded at 10.44%, which is classified as Low, and the maximum drawdown has been -11.97%. The Sharpe ratio of 0.61 suggests moderate risk-adjusted returns relative to the risk taken. Liquidity is supported by an average daily volume of 539,585 shares. These metrics collectively describe a fund that has experienced limited downside volatility and moderate price stability in the past.

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 — VHT 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: 4.96% (as of 2026-10-22) — 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): 19.03 (as of 2026-10-22) — 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: 3.75% (as of 2026-09-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

FVD Liquidity, Domicile & Tax Treatment

Liquidity: Average daily volume is 540K/day. Higher volume and a larger fund generally mean lower round-trip trading costs. AUM of $7.55B 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