FDL vs THRO

Comparison between FIRST TRUST MORNINGSTAR DIVIDEND LEADERS INDEX FUND (FDL, ETF) and BlackRock Future U.S. Themes ETF (THRO, ETF).

FDL vs THRO - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	FDL(ETF)	THRO(ETF)
Net Assets	$7.30B	$7.30B
Expense Ratio	0.43%	0.57%
Max Drawdown	68.60%	26.97%
Sharpe Ratio	1.61	1.79
5Y Beta	0.42	1.00
P/E Ratio	15.58	27.13
Forward P/E	12.20	21.44
PEG Ratio	0.47	0.52
5Y Dividends CAGR	6.98%	N/A
5Y EPS CAGR	8.12%	27.00%
Debt to Equity	-8.00%	49.70%
P/S Ratio	1.38	3.04
P/B Ratio	2.00	5.91

Net Assets

FDL

$7.30B

THRO

$7.30B

Expense Ratio

Winner

FDL

0.43%

THRO

0.57%

Max Drawdown

FDL

68.60%

Winner

THRO

26.97%

Sharpe Ratio

FDL

1.61

Winner

THRO

1.79

5Y Beta

Winner

FDL

0.42

THRO

1.00

P/E Ratio

Winner

FDL

15.58

THRO

27.13

Forward P/E

Winner

FDL

12.20

THRO

21.44

PEG Ratio

Winner

FDL

0.47

THRO

0.52

5Y Dividends CAGR

FDL

6.98%

THRO

N/A

5Y EPS CAGR

FDL

8.12%

Winner

THRO

27.00%

Debt to Equity

Winner

FDL

-8.00%

THRO

49.70%

P/S Ratio

Winner

FDL

1.38

THRO

3.04

P/B Ratio

Winner

FDL

2.00

THRO

5.91

FDL vs THRO - Holdings Comparison

FDL and THRO have 14 common holdings. Overlap is 2.13%

FDL's top 25 holdings weight is 80.26%. THRO's top 25 holdings weight is 66.77%.

Rank	FDL	THRO
#1	EXXON MOBIL CORP (XOM) - 10.05%	APPLE INC (AAPL) - 8.34%
#2	CHEVRON CORP (CVX) - 8.51%	NVIDIA CORP (NVDA) - 7.28%
#3	VERIZON COMMUNICATIONS INC (VZ) - 7.09%	MICROSOFT CORP (MSFT) - 6.62%
#4	PFIZER INC (PFE) - 6.27%	AMAZON.COM INC (AMZN) - 4.68%
#5	MERCK & CO INC (MRK) - 5.16%	ALPHABET INC CLASS A (GOOGL) - 4.28%
#6	PEPSICO INC (PEP) - 4.91%	JPMORGAN CHASE & CO (JPM) - 3.04%
#7	ALTRIA GROUP INC (MO) - 4.69%	BROADCOM INC (AVGO) - 2.81%
#8	UNITED PARCEL SERVICE INC CLASS B (UPS) - 3.28%	ALPHABET INC CLASS C (GOOG) - 2.56%
#9	BRISTOL-MYERS SQUIBB CO (BMY) - 3.21%	WALMART INC (WMT) - 2.41%
#10	CONOCOPHILLIPS (COP) - 2.87%	META PLATFORMS INC CLASS A (META) - 2.30%
#11	COMCAST CORP CLASS A (CMCSA) - 2.78%	MICRON TECHNOLOGY INC (MU) - 1.90%
#12	U.S. BANCORP (USB) - 2.27%	COSTCO WHOLESALE CORP (COST) - 1.85%
#13	CVS HEALTH CORP (CVS) - 2.26%	VISA INC CLASS A (V) - 1.80%
#14	PNC FINANCIAL SERVICES GROUP INC (PNC) - 1.92%	TESLA INC (TSLA) - 1.79%
#15	TRUIST FINANCIAL CORP (TFC) - 1.86%	CATERPILLAR INC (CAT) - 1.78%
#16	ONEOK INC (OKE) - 1.80%	BERKSHIRE HATHAWAY INC CLASS B (BRK-B) - 1.77%
#17	FORD MOTOR CO (F) - 1.56%	APPLIED MATERIALS INC (AMAT) - 1.54%
#18	EOG RESOURCES INC (EOG) - 1.49%	INTEL CORP (INTC) - 1.45%
#19	KINDER MORGAN INC CLASS P (KMI) - 1.43%	JOHNSON & JOHNSON (JNJ) - 1.43%
#20	TARGET CORP (TGT) - 1.42%	CISCO SYSTEMS INC (CSCO) - 1.35%
#21	AMERICAN ELECTRIC POWER CO INC (AEP) - 1.31%	TJX COMPANIES INC (TJX) - 1.35%
#22	PRUDENTIAL FINANCIAL INC (PRU) - 1.28%	PROCTER & GAMBLE CO (PG) - 1.17%
#23	FIFTH THIRD BANCORP (FITB) - 1.00%	CHECK POINT SOFTWARE TECHNOLOGIES LTD (CHKP) - 1.10%
#24	EXELON CORP (EXC) - 1.00%	RTX CORP (RTX) - 1.09%
#25	EDISON INTERNATIONAL (EIX) - 0.84%	GE AEROSPACE (GE) - 1.08%
Total Holdings	87	244

FDL vs THRO - Historical Returns

Returns include dividend reinvestment.

Period	FDL	THRO
1 month	-2.58%	+11.34%
3 months	-1.51%	+8.81%
6 months	+16.46%	+11.43%
1 year	+23.95%	+30.10%
5 years(CAGR)	+11.88%	+13.45%
10 years(CAGR)	+11.18%	N/A
Max(CAGR)	+8.70%	+13.45%

FDL

-2.58%

Winner

THRO

+11.34%

FDL

-1.51%

Winner

THRO

+8.81%

Winner

FDL

+16.46%

THRO

+11.43%

FDL

+23.95%

Winner

THRO

+30.10%

5Y(CAGR)

FDL

+11.88%

Winner

THRO

+13.45%

10Y(CAGR)

FDL

+11.18%

THRO

N/A

Max(CAGR)

FDL

+8.70%

Winner

THRO

+13.45%

FDL vs THRO - Annual Returns (2006 - 2026)

Returns include dividend reinvestment.

Year	FDL	THRO
2026	+10.44%	+9.52%
2025	+14.75%	+15.04%
2024	+16.15%	+33.44%
2023	+3.12%	+25.34%
2022	+6.12%	-17.91%
2021	+27.30%	+2.14%
2020	-4.69%	N/A
2019	+23.95%	N/A
2018	-6.43%	N/A
2017	+11.08%	N/A
2016	+21.68%	N/A
2015	+2.54%	N/A
2014	+14.35%	N/A
2013	+20.24%	N/A
2012	+9.29%	N/A
2011	+13.63%	N/A
2010	+15.25%	N/A
2009	+11.95%	N/A
2008	-29.98%	N/A
2007	-11.29%	N/A
2006	+18.40%	N/A

FDL vs THRO Drawdown Comparison

The maximum drawdown for FDL was -65.91%, occurring on Mar 5, 2009. Recovery took 1446 trading sessions.

The maximum drawdown for THRO was -26.54%, occurring on Sep 30, 2022. Recovery took 494 trading sessions.

The current FDL drawdown is -3.59%.

Rank	FDL	THRO
#1	-65.91% May 22, 2007 - Feb 19, 2013	-26.54% Dec 27, 2021 - Dec 13, 2023
#2	-41.40% Dec 23, 2019 - Feb 22, 2021	-19.07% Jan 23, 2025 - Jun 30, 2025
#3	-16.45% May 27, 2022 - Feb 1, 2023	-10.87% Jan 27, 2026 - Apr 15, 2026
#4	-14.67% Feb 13, 2023 - Jan 5, 2024	-9.28% Jul 16, 2024 - Aug 23, 2024
#5	-13.30% Jan 26, 2018 - Mar 13, 2019	-6.49% Mar 22, 2024 - May 15, 2024
#6	-12.24% Feb 28, 2025 - Jul 2, 2025	-5.40% Oct 29, 2025 - Dec 23, 2025
#7	-11.18% Jan 22, 2015 - Oct 22, 2015	-5.36% Aug 23, 2024 - Sep 19, 2024
#8	-8.90% Nov 29, 2024 - Feb 20, 2025	-4.87% Dec 4, 2024 - Jan 22, 2025
#9	-7.05% Jul 26, 2019 - Sep 11, 2019	-3.12% Oct 18, 2024 - Nov 6, 2024
#10	-6.20% May 10, 2021 - Dec 15, 2021	-2.91% Oct 8, 2025 - Oct 24, 2025
#11	-6.06% May 15, 2013 - Jul 23, 2013	-2.80% Jan 12, 2026 - Jan 27, 2026
#12	-5.82% Dec 29, 2015 - Feb 16, 2016	-2.69% Dec 26, 2023 - Jan 10, 2024
#13	-5.82% Apr 20, 2022 - May 26, 2022	-2.52% Nov 8, 2024 - Nov 25, 2024
#14	-5.55% Feb 20, 2007 - Apr 16, 2007	-2.39% Jul 28, 2025 - Aug 8, 2025
#15	-5.46% Mar 28, 2024 - May 13, 2024	-2.38% Dec 16, 2021 - Dec 22, 2021

Correlation

Correlation between FDL and THRO is 0.94 which considered as a very strong positive correlation - the stocks move almost identically together.

0.94

-101

Dividend Comparison (2006 - 2026)

FDL vs THRO dividend yield comparison.

Year	FDL	THRO
2026	0.82%	0.04%
2025	4.04%	0.15%
2024	4.96%	0.73%
2023	4.58%	0.55%
2022	3.58%	0.90%
2021	4.59%	0.00%
2020	4.48%	0.00%
2019	3.75%	0.00%
2018	3.97%	0.00%
2017	3.18%	0.00%
2016	2.93%	0.00%
2015	3.65%	0.00%
2014	3.35%	0.00%
2013	3.13%	0.00%
2012	3.84%	0.00%
2011	3.47%	0.00%
2010	3.62%	0.00%
2009	4.01%	0.00%
2008	6.10%	0.00%
2007	4.38%	0.00%
2006	2.55%	0.00%