First Trust Value Line Dividend Index Fund (FVD) Performance
FVD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +10.6% since Dec 31, 2025
- 1 year
- +11.3% total return
- 5 years
- +6.3% a year
- 10 years
- +9.0% a year
- Since first price
- +9.4% a year since 2003
FVD trailing returns vs SPY, QQQ, AGG
| Period | FVD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +4.5% | +4.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.2% | +1.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.6% | +4.4% | +7.8% | +8.4% | −1.5% |
| YTD | +10.6% | +8.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.3% | +8.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +47.9%+13.9%/yr | +37.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +35.8%+6.3%/yr | +21.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +137.7%+9.0%/yr | +89.1% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +356.9%+10.7%/yr | +220.3% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +421.6%+8.6%/yr | +188.2% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionAug 27, 2003 | +701.9%+9.4%/yr | +234.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: FVD vs SPY
From Aug 27, 2003: FVD grew to $80,193, SPY to $115,896.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
FVD returns by calendar year
17 of 22 full years positive. Best 2006 (+37.5%), worst 2008 (−22.9%). 2026 is year to date.
FVD annual returns table
| Year | FVD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +10.6% | −7.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +8.2% | −10.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.0% | −6.5% | +24.9% | +25.6% | +1.3% |
| 2023 | +4.1% | −11.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.2% | −16.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +25.1% | −5.7% | +28.7% | +27.4% | −1.8% |
| 2020 | −0.0% | −35.2% | +18.3% | +48.6% | +7.5% |
| 2019 | +26.6% | −4.4% | +31.2% | +39.0% | +8.5% |
| 2018 | −3.5% | −12.9% | −4.6% | −0.1% | +0.1% |
| 2017 | +12.5% | −2.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +19.9% | −5.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.2% | −9.2% | +1.2% | +9.4% | +0.5% |
| 2014 | +15.9% | −4.8% | +13.5% | +19.2% | +6.0% |
| 2013 | +26.8% | −6.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +11.2% | −6.4% | +16.0% | +18.1% | +3.8% |
| 2011 | +9.0% | −15.4% | +1.9% | +3.4% | +7.7% |
| 2010 | +16.0% | −11.5% | +15.1% | +19.9% | +6.4% |
| 2009 | +19.2% | −30.2% | +26.4% | +54.7% | +3.0% |
| 2008 | −22.9% | −36.8% | −36.8% | −41.7% | +7.9% |
| 2007 | −4.4% | −11.6% | +5.1% | +19.0% | +6.6% |
| 2006 | +37.5% | −4.7% | +15.8% | +7.1% | +3.9% |
| 2005 | +3.9% | −6.5% | +4.8% | +1.6% | +2.3% |
| 2004 | +16.7% | −11.6% | +10.7% | +10.5% | +3.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
FVD largest drawdowns
Now 1.3% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −51.0% | Mar 9, 2009 | Mar 3, 2011 | 1.8 years | 3.7 years |
| Feb 14, 2020 | −35.2% | Mar 23, 2020 | Feb 23, 2021 | 38 days | 1.0 years |
| Apr 20, 2022 | −16.4% | Oct 12, 2022 | Mar 6, 2024 | 6 months | 1.9 years |
| May 19, 2011 | −15.4% | Aug 8, 2011 | Jan 18, 2012 | 3 months | 8 months |
| Sep 21, 2018 | −12.9% | Dec 24, 2018 | Feb 15, 2019 | 3 months | 5 months |
| Nov 29, 2024 | −12.0% | Apr 8, 2025 | Jul 23, 2025 | 4 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
FVD risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2003 |
|---|---|---|---|---|
| Annualized return | +10.4% | +6.1% | +8.1% | +9.1% |
| Volatility (annualized) | 11.2% | 13.4% | 13.4% | 13.1% |
| Sharpe ratio | 0.55 | 0.24 | 0.48 | — |
| Sortino ratio | 0.84 | 0.35 | 0.70 | — |
| Best month | +6.2% | +8.4% | +10.0% | +10.0% |
| Worst month | −6.0% | −8.8% | −14.1% | −14.1% |
| Best 12 months | +24.6% | +24.6% | +40.6% | +50.7% |
| Worst 12 months | +2.1% | −6.8% | −12.7% | −35.2% |
| Positive months | 64% | 58% | 63% | 65% |
| Beta vs S&P 500 | 0.45 | 0.63 | 0.72 | — |
| Correlation with S&P 500 | 0.50 | 0.74 | 0.83 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
FVD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 267 | −35.2% | +11.1% | +50.7% | 83% |
| 3-year (a year) | 243 | −8.5% | +11.0% | +25.8% | 91% |
| 5-year (a year) | 219 | −0.9% | +9.3% | +22.2% | 100% |
| 10-year (a year) | 159 | +8.1% | +10.1% | +16.3% | 100% |
Every holding period starting at a month-end since 2003. Returns for 3 years and longer are annualized.
FVD performance overview
First Trust Value Line Dividend Index Fund (FVD) returned +11.3% over the past year and +9.0% a year over ten years, with distributions reinvested. Since its first recorded price in 2003 it has returned +9.4% a year, turning $10,000 into about $80,193. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −51.0%, from Jun 4, 2007 to Mar 9, 2009, and it took 2.0 years to get back to the old high. FVD finished 17 of its 22 full calendar years with a gain; the best year was 2006 (+37.5%) and the worst 2008 (−22.9%). Volatility has been 13.1% a year.
Related: FVD chart, FVD holdings, FVD dividends, FVD valuation. See the FVD overview for the latest quote and fund facts.
FVD performance FAQ
What is the FVD return over the past year?
FVD returned +11.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.7%.
What is the average annual return of FVD?
FVD has returned +6.3% a year over 5 years, +9.0% a year over 10 years, +9.4% a year since August 27, 2003 (total return, distributions reinvested).
How much would $10,000 invested in FVD be worth?
$10,000 invested in FVD at its first recorded close on August 27, 2003 would be worth about $80,193 on October 23, 2026 with distributions reinvested.
What was the worst year for FVD?
The worst calendar year was 2008, with a total return of −22.9%. The best was 2006 at +37.5%.
What is the biggest drawdown of FVD?
The largest peak-to-trough decline was −51.0% between June 4, 2007 and March 9, 2009. It recovered to the old high on March 3, 2011, 2.0 years after the bottom.
How volatile is FVD?
Over the past 3 years FVD had an annualized volatility of 11.2% and a Sharpe ratio of 0.55 (excess return over 1–3 month T-bills per unit of risk).