DGRO vs FDL: Holdings Overlap
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · as of 2026-04-30
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
Holdings snapshots are 30 days apart (DGRO: 2026-04-30, FDL: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are DGRO and FDL?
iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394 positions; First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86. They have 23 holdings in common, and by portfolio weight the two funds are 10.6% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.6%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23DGRO holds 394 · FDL holds 86
- Weight in Shared Holdings
- DGRO 11%·FDL 33%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DGRO
371 of 394 positions (89.2% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | DGRO | FDL |
|---|---|---|
| Energy | 5.5% | 28.9% |
| Financials | 21.1% | 13.8% |
| Information Technology | 18.5% | 1.0% |
| Health Care | 16.4% | 17.2% |
| Consumer Staples | 11.5% | 14.1% |
| Other Sectors | 26.7% | 24.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DGRO | +2.4% | +15.5% | +25.2% | +17.4% | +11.3% | +13.6% | 1.86% |
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DGRO vs FDL →
Shared Holdings(23)
The top 10 shared positions account for 92% of the overlap, led by XOM, MRK and PEP.
 XOMExxon Mobil Corp. COM | 2.90% | 11.05% | 2.90% |
|---|---|---|---|
 MRKMerck & Co., Inc COM | 1.75% | 5.51% | 1.75% |
 PEPPepsico Inc COM | 1.70% | 4.76% | 1.70% |
 COPConocoPhillips COM | 0.99% | 2.97% | 0.99% |
 PNCPNC Financial Services Group, Inc. (The) | 0.66% | 1.77% | 0.66% |
 EOGEOG Resources Inc. COM | 0.53% | 1.55% | 0.53% |
 AEPAmerican Electric Power Co, Inc. COM | 0.45% | 1.24% | 0.45% |
 FITBFifth Third Bancorp COM | 0.35% | 0.91% | 0.35% |
 ADMArcher-Daniels-Midland Co. COM | 0.23% | 0.64% | 0.23% |
 PFGPrincipal Financial Group Inc. COM | 0.17% | 0.45% | 0.17% |
 EVRGEvergy Inc COM | 0.14% | 0.40% | 0.14% |
 FNFFidelity National Financial Inc. - FNF Group | 0.13% | 0.32% | 0.13% |
 OGEOGE Energy Corporation COM | 0.08% | 0.22% | 0.08% |
 IVZInvesco Ltd COM STK USD0.20 | 0.07% | 0.19% | 0.07% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.06% | 0.17% | 0.06% |
 FAFFirst American Financial Corporation COM | 0.05% | 0.13% | 0.05% |
 BKHBlack Hills Corporation COM | 0.05% | 0.12% | 0.05% |
 SRSpire Inc COM | 0.04% | 0.12% | 0.04% |
 NJRNew Jersey Resources Corporation | 0.04% | 0.12% | 0.04% |
 OZKBank OZK COM | 0.04% | 0.12% | 0.04% |
 NXSTNexstar Media Group Inc COMMON STOCK | 0.04% | 0.09% | 0.04% |
 OGSONE Gas, Inc. COM | 0.04% | 0.10% | 0.04% |
 NWENorthWestern Energy Group Inc COM NEW | 0.04% | 0.09% | 0.04% |
Frequently Asked Questions
How much do DGRO and FDL overlap?
DGRO and FDL overlap by 10.6% of portfolio weight. They share 23 holdings (DGRO holds 394 positions and FDL holds 86), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DGRO and FDL?
The two portfolios are 10.6% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of DGRO and FDL?
The largest positions held by both funds are XOM, MRK, PEP, COP and PNC. Together the top 10 shared positions account for 92% of the total overlap.
What does DGRO own that FDL doesn't?
371 positions (89.2% of DGRO) are unique to DGRO, led by AVGO, JPM and AAPL. In the other direction, 63 positions (66.8% of FDL) are unique to FDL.