MDIVvsAOAETF Comparison
ETF 1
MDIV
First Trust Multi-Asset Diversified Income Index Fund ETF
This fund is part of
Multi-Asset: Aggressive
-0.64%
VS
ETF 2
AOA
iShares Core 80/20 Aggressive Allocation ETF
This fund is part of
Multi-Asset: Aggressive
-0.64%
First Trust Multi-Asset Diversified Income Index Fund ETF (MDIV) and iShares Core 80/20 Aggressive Allocation ETF (AOA) belong to the same industry segment: Multi-Asset: Aggressive. MDIV's top 3 sector exposures are Finance, Energy and Consumer Non-Cyclicals. In contrast, AOA's top sector exposures are Technology, Finance and Industrials. MDIV is more expensive with a Total Expense Ratio (TER) of 0.83%, versus 0.19% for AOA. MDIV is up 13.56% year-to-date (YTD) with +$11M in YTD flows. AOA performs worse with 11.74% YTD performance, and +$244M in YTD flows. Run a side-by-side ETF comparison of MDIV and AOA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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MDIV vs AOA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/09/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | MDIV AOA | +0.27%-0.14% | +2.91%+3.71% | +13.56%+11.74% | +12.93%+17.17% | +40.00%+62.41% | +41.30%+52.83% |
| Flows | MDIV AOA | +$2M+$25M | +$12M+$93M | +$11M+$244M | -$10M+$351M | -$41M+$692M | -$39M+$944M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDIV AOA | +5.50%+11.23% | +6.09%+11.54% | +8.47%+11.90% | +10.53%+13.24% |
| Max drawdown | MDIV AOA | -1.74%-2.91% | -3.43%-8.19% | -9.28%-13.09% | -13.07%-23.60% |
| Max drawdown duration | MDIV AOA | 11d49d | 118d50d | 263d85d | 313d763d |
Trading data
MDIV | AOA | |
Last sale 9/10/2026 at 7:59 PM | $16.58 | $98.51 |
| Previous close 09/10/2026 | $16.72 | $97.94 |
| Consolidated volume 09/10/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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MDIV | AOA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/10/2026 at 7:59 PM
Live
Closed
MDIV | AOA | |
|---|---|---|
| Last price | $16.58 | $98.51 |
| 1D performance | -0.84% | +0.58% |
| AuM | $430.35 M | $3.30 B |
| E/R | 0.83% | 0.19% |
Characteristics
MDIV | AOA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | iShares |
| Benchmark | NASDAQ US Multi-Asset Diversified Income Index | S&P Target Risk Aggressive Index |
| N° of holdings | 358 | 30934 |
| Asset class | Alternative | Alternative |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2012 | November 4, 2008 |
| ESG | No | No |
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Exposure
Countries
MDIV
USA
92.42%
Other
7.58%
AOA
USA
60.34%
Other
39.66%
Sectors
MDIV
Finance
51.85%
Energy
16.55%
Consumer Non-Cycl.
8.28%
Other
23.33%
AOA
Technology
27.07%
Finance
18.76%
Industrials
9.37%
Sovereign
8.88%
Healthcare
7.05%
Other
28.88%
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Diversification
MDIV
Total weight of top 15 holdings out of 15
19.27%
AOA
Total weight of top 15 holdings out of 15
20.61%
Top 15 holdings
Data as of July 31, 2026
MDIV
TXO Partners LP
1.64%
AGNC Investment Corp.
1.58%
Annaly Capital Management, Inc.
1.50%
Mach Natural Resources LP
1.46%
MFA Financial, Inc.
1.44%
Icahn Enterprises LP
1.38%
PennyMac Mortgage Investment Trust
1.36%
Rithm Capital Corp.
1.28%
CrossAmerica Partners LP
1.19%
Dorchester Minerals LP
1.14%
Kimbell Royalty Partners LP
1.11%
Alliance Resource Partners LP
1.06%
Black Stone Minerals LP
1.05%
Conagra Brands, Inc.
1.05%
Western Midstream Partners LP
1.03%
AOA
Apple, Inc.
3.48%
NVIDIA Corp.
3.35%
Microsoft Corp.
2.38%
Amazon.com, Inc.
1.64%
Alphabet, Inc.
1.39%
Broadcom Inc.
1.30%
Alphabet, Inc.
1.12%
Taiwan Semiconductor Manufacturing Co., Ltd.
1.11%
Meta Platforms, Inc.
0.84%
BlackRock Liquidity TempCash
0.71%
Micron Technology, Inc.
0.70%
JPMorgan Chase & Co.
0.67%
Berkshire Hathaway, Inc.
0.66%
Eli Lilly & Co.
0.65%
Tesla, Inc.
0.62%
Frequently asked questions about MDIV and AOA
How have the MDIV and AOA ETFs performed in 2026?
As of September 9, 2026, MDIV is up 13.56% year-to-date (YTD), while AOA has returned 11.74%. That puts MDIV better performer ahead so far this year.
Which ETF is attracting more investor money: MDIV or AOA?
Year-to-date, the MDIV ETF saw +$11M in flows, compared to +$244M for AOA.
Which ETF is more volatile: MDIV or AOA?
Over the past year, MDIV had a volatility of 6.09%, while AOA experienced 11.54%.
Which ETF is bigger: MDIV or AOA?
As of September 9, 2026, MDIV holds $430.35 M in assets under management (AUM), while AOA manages $3.30 B.
What sectors do the MDIV and AOA ETFs invest in?
MDIV leans toward sectors like Finance, Energy and Consumer Non-Cyclicals. Meanwhile, AOA focuses on Technology, Finance and Industrials.
What are the top holdings of the MDIV ETF and AOA ETF?
MDIV top holdings include TXO Partners LP, AGNC Investment Corp. and Annaly Capital Management, Inc.. AOA holds in its top three: Apple, Inc., NVIDIA Corp. and Microsoft Corp..
Which ETF is more diversified: MDIV or AOA?
MDIV holds 370 securities with 19.27% of its assets in the top 15. AOA has 32780 securities and a top 15 weight of 20.61%.
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