6-Feb-2026
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The Multi-Asset Diversified Income Index Fund is an exchange-traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before the Funds fees and expenses, of an index called the NASDAQ US Multi-Asset Diversified Income Index. The index is a modified market capitalization-weighted index designed to provide exposure to multiple asset segments, each selected to result in a consistent and high yield for the index. The index is comprised of securities classified as equities (20%), real estate investment trusts (REITs) (20%), preferred securities (20%), master limited partnerships (MLPs) (20%) and a high yield corporate debt ETF (20%).
First Trust Multi-Asset Diversified Income trades on the NASDAQ stock market under the symbol MDIV.
As of February 6, 2026, MDIV stock price climbed to $16.50 with 45,906 million shares trading.
MDIV has a beta of 0.31, meaning it tends to be less sensitive to market movements. MDIV has a correlation of 0.36 to the broad based SPY ETF.
MDIV has a market cap of $411.55 million. This is considered a Small Cap stock.
In the last 3 years, MDIV traded as high as $16.97 and as low as $13.82.
MDIV has underperformed the market in the last year with a return of +6.1%, while SPY returned +15.5%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in MDIV shares. However, MDIV has outperformed the market in the last 3 month and 2 week periods, returning +6.9% and +2.3%, while SPY returned +2.2% and +0.2%, respectively. This indicates MDIV has been having a stronger performance recently.
MDIV support price is $16.33 and resistance is $16.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MDIV shares will trade within this expected range on the day.