DLN vs FDL: Holdings Overlap
DLNWisdomTree U.S. LargeCap Dividend Fund
WisdomTree · 309 holdings · $6.4B · as of 2026-03-31
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
How similar are DLN and FDL?
WisdomTree U.S. LargeCap Dividend Fund (DLN, by WisdomTree) holds 309 positions; First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86. They have 36 holdings in common, and by portfolio weight the two funds are 19.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 19.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 36DLN holds 309 · FDL holds 86
- Weight in Shared Holdings
- DLN 19%·FDL 84%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 DLN
273 of 309 positions (80.8% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | DLN | FDL |
|---|---|---|
| Energy | 9.4% | 28.9% |
| Information Technology | 17.8% | 1.0% |
| Financials | 17.6% | 13.8% |
| Health Care | 13.4% | 17.2% |
| Consumer Staples | 9.5% | 14.1% |
| Other Sectors | 32.2% | 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 |
|---|---|---|---|---|---|---|---|
| DLN | +3.0% | +15.4% | +22.8% | +18.3% | +12.7% | +12.7% | 1.71% |
| 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 DLN vs FDL →
Shared Holdings(36)
The top 10 shared positions account for 67% of the overlap, led by XOM, CVX and MRK.
 XOMExxon Mobil Corp. COM | 2.77% | 11.05% | 2.77% |
|---|---|---|---|
 CVXChevron Corp. COM | 2.27% | 9.12% | 2.27% |
 MRKMerck & Co., Inc COM | 1.41% | 5.51% | 1.41% |
 VZVerizon Communications Inc. COM | 1.33% | 7.36% | 1.33% |
 PEPPepsico Inc COM | 1.17% | 4.76% | 1.17% |
 PFEPfizer Inc. COM | 1.00% | 6.48% | 1.00% |
 COPConocoPhillips COM | 0.85% | 2.97% | 0.85% |
 BMYBristol-Myers Squibb Company COM | 0.73% | 3.26% | 0.73% |
 MOAltria Group, Inc. COM | 0.69% | 4.45% | 0.69% |
 CMCSAComcast Corporation CL A | 0.63% | 2.82% | 0.63% |
 USBU.S. Bancorp. COM NEW | 0.48% | 2.05% | 0.48% |
 CVSCVS Health Corp COM | 0.46% | 1.96% | 0.46% |
 AEPAmerican Electric Power Co, Inc. COM | 0.45% | 1.24% | 0.45% |
 KMIKinder Morgan, Inc. COM | 0.44% | 1.47% | 0.44% |
 EOGEOG Resources Inc. COM | 0.41% | 1.55% | 0.41% |
 PNCPNC Financial Services Group Inc. COM | 0.40% | 1.77% | 0.40% |
 TFCTruist Financial Corp. COM | 0.37% | 1.64% | 0.37% |
 TGTTarget Corp. COM | 0.33% | 1.33% | 0.33% |
 EXCExelon Corp. COM | 0.32% | 1.02% | 0.32% |
 FFord Motor Company COM | 0.29% | 1.42% | 0.29% |
 PRUPrudential Financial, Inc. COM | 0.20% | 1.27% | 0.20% |
 FEFirstEnergy Corp. COM | 0.19% | 0.58% | 0.19% |
 KHCThe Kraft Heinz Co. COM | 0.18% | 0.81% | 0.18% |
 EIXEdison International COM | 0.17% | 0.88% | 0.17% |
 ADMArcher-Daniels-Midland Co. COM | 0.16% | 0.64% | 0.16% |
Frequently Asked Questions
How much do DLN and FDL overlap?
DLN and FDL overlap by 19.0% of portfolio weight. They share 36 holdings (DLN holds 309 positions and FDL holds 86), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DLN and FDL?
The two portfolios are 19.0% 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 DLN and FDL?
The largest positions held by both funds are XOM, CVX, MRK, VZ and PEP. Together the top 10 shared positions account for 67% of the total overlap.
What does DLN own that FDL doesn't?
273 positions (80.8% of DLN) are unique to DLN, led by NVDA, JPM and MSFT. In the other direction, 50 positions (15.7% of FDL) are unique to FDL.