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MDIVvsAOAETF Comparison

ETF 1

MDIV

First Trust Multi-Asset Diversified Income Index Fund ETF

This fund is part of

Multi-Asset: Aggressive

+0.52%

Full MDIV fund page

VS

ETF 2

AOA

iShares Core 80/20 Aggressive Allocation ETF

This fund is part of

Multi-Asset: Aggressive

+0.52%

Full AOA fund page

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 11.08% year-to-date (YTD) with +$10M in YTD flows. AOA performs worse with 10.11% YTD performance, and +$366M 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

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 10/26/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	MDIV AOA	+1.67%-0.20%	-2.03%+1.66%	+11.08%+10.11%	+11.42%+10.54%	+40.60%+70.92%	+35.12%+50.83%
Flows	MDIV AOA	-+$92M	+$3M+$151M	+$10M+$366M	-$17M+$437M	-$32M+$773M	-$29M+$1.04B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	MDIV AOA	+5.98%+9.55%	+6.21%+11.57%	+8.36%+11.82%	+10.54%+13.22%
Max drawdown	MDIV AOA	-5.72%-3.23%	-5.72%-8.19%	-9.28%-13.09%	-13.07%-23.60%
Max drawdown duration	MDIV AOA	63d75d	63d50d	263d85d	313d763d

Trading data

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	MDIV	AOA
Last sale 10/27/2026 at 1:30 PM	$16.12	$97.27
Previous close 10/27/2026	$16.16	$96.74
Consolidated volume 10/27/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of September 30, 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

Main metrics

Last update 10/27/2026 at 1:30 PM

Live

Closed

	MDIV	AOA
Last price	$16.12	$97.27
1D performance	-0.25%	+0.55%
AuM	$415.45 M	$3.36 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	112	2
Asset class	Alternative	Alternative
Trailing 12m distribution yield	Join	Join
Inception date	August 13, 2012	November 4, 2008
ESG	No	No

More MDIV data on Trackinsight

More AOA data on Trackinsight

Exposure

Countries

MDIV

USA

78.79%

Other

21.21%

AOA

USA

60.35%

Other

39.65%

Sectors

MDIV

Finance

48.57%

Energy

16.99%

Other

34.44%

AOA

Technology

28.01%

Finance

18.26%

Industrials

9.15%

Sovereign

8.56%

Healthcare

7.04%

Other

28.99%

Diversification

MDIV

Total weight of top 15 holdings out of 15

38.16%

AOA

Total weight of top 8 holdings out of 8

100%

Top 15 holdings

Data as of August 31, 2026

MDIV

US33738D4088

19.53%

TXO Partners LP

1.81%

AGNC Investment Corp.

1.57%

Mach Natural Resources LP

1.50%

Annaly Capital Management, Inc.

1.49%

Icahn Enterprises LP

1.45%

MFA Financial, Inc.

1.43%

PennyMac Mortgage Investment Trust

1.37%

Rithm Capital Corp.

1.28%

Dorchester Minerals LP

1.19%

CrossAmerica Partners LP

1.18%

Kimbell Royalty Partners LP

1.12%

Alliance Resource Partners LP

1.10%

Black Stone Minerals LP

1.08%

Western Midstream Partners LP

1.06%

AOA

US4642872000

45.91%

US46435G3267

22.82%

US46434V6130

15.78%

US46434G1031

8.77%

US46435G6724

2.83%

US4642875078

2.51%

US4642878049

1.23%

BlackRock Cash Funds - Treasury

0.14%

Frequently asked questions about MDIV and AOA

How have the MDIV and AOA ETFs performed in 2026?

As of October 26, 2026, MDIV is up 11.08% year-to-date (YTD), while AOA has returned 10.11%. 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 +$10M in flows, compared to +$366M for AOA.

Which ETF is more volatile: MDIV or AOA?

Over the past year, MDIV had a volatility of 6.21%, while AOA experienced 11.57%.

Which ETF is bigger: MDIV or AOA?

As of October 26, 2026, MDIV holds $415.45 M in assets under management (AUM), while AOA manages $3.36 B.

What sectors do the MDIV and AOA ETFs invest in?

MDIV leans toward sectors like Finance and Energy. Meanwhile, AOA focuses on Technology, Finance and Industrials.

What are the top holdings of the MDIV ETF and AOA ETF?

MDIV top holdings include US33738D4088, TXO Partners LP and AGNC Investment Corp.. AOA holds in its top three: US4642872000, US46435G3267 and US46434V6130.

Which ETF is more diversified: MDIV or AOA?

MDIV holds 123 securities with 38.16% of its assets in the top 15. AOA has 33202 securities and a top 15 weight of 100%.

Multi-Asset Class ETFs – minimize the stress of asset allocation

June 10, 2022

MDIV

AOA

MDIVvsAOAETF Comparison

First Trust Multi-Asset Diversified Income Index Fund ETF

iShares Core 80/20 Aggressive Allocation ETF

MDIV vs AOA performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the MDIV and AOA ETFs performed in 2026?

As of October 26, 2026, MDIV is up 11.08% year-to-date (YTD), while AOA has returned 10.11%. 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 +$10M in flows, compared to +$366M for AOA.

Which ETF is more volatile: MDIV or AOA?

Over the past year, MDIV had a volatility of 6.21%, while AOA experienced 11.57%.

Which ETF is bigger: MDIV or AOA?

As of October 26, 2026, MDIV holds $415.45 M in assets under management (AUM), while AOA manages $3.36 B.

What sectors do the MDIV and AOA ETFs invest in?

MDIV leans toward sectors like Finance and Energy. Meanwhile, AOA focuses on Technology, Finance and Industrials.

What are the top holdings of the MDIV ETF and AOA ETF?

MDIV top holdings include US33738D4088, TXO Partners LP and AGNC Investment Corp.. AOA holds in its top three: US4642872000, US46435G3267 and US46434V6130.

Which ETF is more diversified: MDIV or AOA?

MDIV holds 123 securities with 38.16% of its assets in the top 15. AOA has 33202 securities and a top 15 weight of 100%.

Multi-Asset Class ETFs – minimize the stress of asset allocation

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