MDIVvsHYINETF Comparison
ETF 1
MDIV
First Trust Multi-Asset Diversified Income Index Fund ETF
This fund is part of
Multi-Asset: Aggressive
-0.64%
VS
First Trust Multi-Asset Diversified Income Index Fund ETF (MDIV) belongs to the Multi-Asset: Aggressive segment. WisdomTree Alternative Income Fund (HYIN) is part of the US Multi-Factor segment. MDIV's top 3 sector exposures are Finance, Energy and Consumer Non-Cyclicals. In contrast, HYIN's top sector exposures are Finance and Non-Corporate. MDIV is less expensive with a Total Expense Ratio (TER) of 0.83%, versus 4.34% for HYIN. MDIV is up 13.56% year-to-date (YTD) with +$11M in YTD flows. HYIN performs worse with -6.53% YTD performance, and +$5M in YTD flows. Run a side-by-side ETF comparison of MDIV and HYIN 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 HYIN 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 HYIN | +0.27%-3.17% | +2.91%-0.41% | +13.56%-6.53% | +12.93%-11.36% | +40.00%+5.06% | +41.30%-2.61% |
| Flows | MDIV HYIN | +$2M+$1M | +$12M+$2M | +$11M+$5M | -$10M+$3M | -$41M+$56M | -$39M+$60M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | MDIV HYIN | +5.50%+12.65% | +6.09%+13.51% | +8.47%+15.04% | +10.53%+17.00% |
| Max drawdown | MDIV HYIN | -1.74%-4.66% | -3.43%-14.95% | -9.28%-16.09% | -13.07%-31.19% |
| Max drawdown duration | MDIV HYIN | 11d28d | 118d364d | 263d185d | 313d976d |
Trading data
MDIV | HYIN | |
Last sale 9/11/2026 at 4:05 PM | $16.60 | $13.73 |
| Previous close 09/10/2026 | $16.60 | $13.76 |
| 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 | HYIN | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/11/2026 at 4:05 PM
Live
Closed
MDIV | HYIN | |
|---|---|---|
| Last price | $16.60 | $13.73 |
| 1D performance | +0.00% | -0.18% |
| AuM | $430.35 M | $50.85 M |
| E/R | 0.83% | 4.34% |
Characteristics
MDIV | HYIN | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | First Trust | WisdomTree |
| Benchmark | NASDAQ US Multi-Asset Diversified Income Index | Gapstow Liquid Alternative Credit Index |
| N° of holdings | 358 | 30 |
| Asset class | Alternative | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 13, 2012 | May 6, 2021 |
| ESG | No | No |
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Exposure
Countries
MDIV
USA
92.42%
Other
7.58%
HYIN
USA
96.22%
Other
3.78%
Sectors
MDIV
Finance
51.85%
Energy
16.55%
Consumer Non-Cycl.
8.28%
Other
23.33%
HYIN
Finance
76.97%
Non-Corporate
19.24%
Other
3.78%
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Diversification
MDIV
Total weight of top 15 holdings out of 15
19.27%
HYIN
Total weight of top 15 holdings out of 15
50.09%
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%
HYIN
Rithm Capital Corp.
3.50%
Main Street Capital Corp
3.49%
Sixth Street Specialty Lending, Inc.
3.43%
Ares Capital Corp.
3.41%
Hercules Capital, Inc.
3.39%
Golub Capital BDC, Inc.
3.38%
AGNC Investment Corp.
3.37%
Annaly Capital Management, Inc.
3.36%
FS KKR Capital Corp.
3.34%
PIMCO Corporate & Income Opportunity Fund
3.25%
Nuveen Floating Rate Income Fund /CEF/
3.25%
Ellington Financial, Inc.
3.24%
Blue Owl Capital Corp.
3.23%
Blackstone Secured Lending Fund
3.23%
Dynex Capital, Inc.
3.22%
Frequently asked questions about MDIV and HYIN
How have the MDIV and HYIN ETFs performed in 2026?
As of September 9, 2026, MDIV is up 13.56% year-to-date (YTD), while HYIN has lost -6.53%. That puts MDIV better performer ahead so far this year.
Which ETF is attracting more investor money: MDIV or HYIN?
Year-to-date, the MDIV ETF saw +$11M in flows, compared to +$5M for HYIN.
Which ETF is more volatile: MDIV or HYIN?
Over the past year, MDIV had a volatility of 6.09%, while HYIN experienced 13.51%.
Which ETF is bigger: MDIV or HYIN?
As of September 9, 2026, MDIV holds $430.35 M in assets under management (AUM), while HYIN manages $50.85 M.
What sectors do the MDIV and HYIN ETFs invest in?
MDIV leans toward sectors like Finance, Energy and Consumer Non-Cyclicals. Meanwhile, HYIN focuses on Finance and Non-Corporate.
What are the top holdings of the MDIV ETF and HYIN ETF?
MDIV top holdings include TXO Partners LP, AGNC Investment Corp. and Annaly Capital Management, Inc.. HYIN holds in its top three: Rithm Capital Corp., Main Street Capital Corp and Sixth Street Specialty Lending, Inc..
Which ETF is more diversified: MDIV or HYIN?
MDIV holds 370 securities with 19.27% of its assets in the top 15. HYIN has 30 securities and a top 15 weight of 50.09%.
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