ETF Evaluator:
FT Vest Ris Div Ach Trg Inc ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Derivative Income Over the Last Year
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ETF Details
FT Vest Ris Div Ach Trg Inc ETF Overview
FT Vest Ris Div Ach Trg Inc ETF (RDVI) is an actively managed Nontraditional Equity Derivative Income exchange-traded fund (ETF). First Trust launched the ETF in 2022.
The investment seeks to provide investors with current income with a secondary objective of providing capital appreciation.
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in dividend-paying securities and/or investments that provide exposure to dividend-paying securities. In furtherance of its objectives, the adviser seeks to make distributions from stock dividends and option premiums at an annual rate that is approximately 8.0% over the current annual dividend yield of the S&P 500 ® Index. The fund is non-diversified.
About FT Vest Ris Div Ach Trg Inc ETF (RDVI)
There are 2 members of the management team with an average tenure of 2.67 years: Karan Sood (2022) and Trevor Lack (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and NASDAQ US Rising Div Achiever TR USD index with a weighting of 100%. FT Vest Ris Div Ach Trg Inc ETF has 74 securities in its portfolio. The top 10 holdings constitute 24.5% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
FT Vest Ris Div Ach Trg Inc ETF is part of the Equity global asset class and is within the Nontraditional Equity ETF group. FT Vest Ris Div Ach Trg Inc ETF has 2.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.0% There is 2.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). FT Vest Ris Div Ach Trg Inc ETF has 1.0% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is above the $727 million average for the Derivative Income category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
RDVI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The FT Vest Ris Div Ach Trg Inc ETF expense ratio is above average compared to funds in the Derivative Income category. FT Vest Ris Div Ach Trg Inc ETF has an expense ratio of 0.75%, which is 10% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. FT Vest Ris Div Ach Trg Inc ETF has a portfolio turnover rate of 106%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 69% for the Derivative Income category.
Recently, in the month of July 2026, FT Vest Ris Div Ach Trg Inc ETF returned 0.1%, which earned it a grade of C, as the Derivative Income category had an average return of -1.5%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
FT Vest Ris Div Ach Trg Inc ETF has a trailing yield of 5.78%, which is below the 19.96% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
FT Vest Ris Div Ach Trg Inc ETF Grades
Year to date, the ETF has returned 17.0%, 14.4 percentage points better than the category, which translates into a grade of A. The fund has returned 28.5% over the past year (grade of A) and 18.3% over the past three years (grade of A).
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RDVI Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| RDVI Return (NAV) | 0.1% | 8.5% | 28.5% | 18.3% | na | na |
| RDVI Return (Price) | 0.0% | 8.4% | 28.5% | 18.3% | na | na |
| NAV +/- Price Return | 0.034% | 0.087% | 0.031% | 0.038% | na | na |
| Derivative Income Avg | -1.5% | 0.6% | 11.2% | 13.7% | 8.8% | 7.5% |
| RDVI Grade (NAV) | C | A | A | A | na | na |
| +/- Category (NAV) | 1.6% | 7.9% | 17.3% | 4.7% | na | na |
| RDVI Tax-Cost Ratio | na | na | 3.2% | 3.3% | na | na |
RDVI Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| RDVI Return (NAV) | 17.0% | 18.0% | 14.5% | 18.7% | na | na | na | na | na | na | na |
| RDVI Return (Price) | 16.9% | 17.9% | 14.5% | 18.6% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.004% | -0.007% | 0.005% | -0.001% | na | na | na | na | na | na | na |
| Derivative Income Avg | 2.6% | 10.6% | 18.5% | 17.5% | -11.3% | 19.4% | 1.4% | 19.2% | -7.1% | 12.1% | 8.7% |
| RDVI Grade (NAV) | A | B | D | B | na | na | na | na | na | na | na |
| +/- Category | 14.4% | 7.4% | -4.0% | 1.2% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 57% |
| Standard Deviation: | 14.6% |
| Category Risk Index: | 1.11 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.19 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 5.8% |
| Total Assets: | $ 3,595 Mil |
| Share Class Assets: | $ 3,595 Mil |
| Turnover: | 106.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | No |
| Index Tracked: | S&P 500 (TR) (1970) |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 2.7 years | |||
| Managers (Year): Sood Karan (2022), Lack Trevor (2025) | |||
Portfolio Composition (as of 7/30/26)
| # of Holdings: | 74 |
| % in Top 10 Holdings: | 24.5% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.0% |
Portfolio Allocation |
|
| Domestic Stock: | 97.0% |
| Foreign Stock: | 2.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | First Trust |
| Phone Number: | 800-621-1675 |
| Website: | www.ftportfolios.com |
| Inception Date: | October 19, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.83% |
