DON vs FDL: Holdings Overlap
DONWisdomTree U.S. Midcap Dividend Fund
WisdomTree · 295 holdings · $4.1B · 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 DON and FDL?
WisdomTree U.S. Midcap Dividend Fund (DON, by WisdomTree) holds 295 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 7.5% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 36DON holds 295 · FDL holds 86
- Weight in Shared Holdings
- DON 23%·FDL 8%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 DON
259 of 295 positions (77.0% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | DON | FDL |
|---|---|---|
| Energy | 7.9% | 28.9% |
| Financials | 22.3% | 13.8% |
| Health Care | 2.2% | 17.2% |
| Industrials | 17.1% | 3.4% |
| Consumer Staples | 5.0% | 14.1% |
| Other Sectors | 45.2% | 22.4% |
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 |
|---|---|---|---|---|---|---|---|
| DON | +3.0% | +14.3% | +18.2% | +12.4% | +9.3% | +9.4% | 2.27% |
| 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 DON vs FDL →
Shared Holdings(36)
The top 10 shared positions account for 46% of the overlap, led by OMC, BBY and CLX.
 OMCOmnicom Group Inc COM | 0.98% | 0.56% | 0.56% |
|---|---|---|---|
 BBYBest Buy Co Inc. COM | 1.16% | 0.46% | 0.46% |
 CLXThe Clorox Company COM | 1.00% | 0.36% | 0.36% |
 FNFFidelity National Financial, Inc. COM SHS | 0.71% | 0.32% | 0.32% |
 OMFOneMain Holdings Inc. COM | 0.59% | 0.32% | 0.32% |
 AESAES Corp. COM | 0.87% | 0.31% | 0.31% |
 SWKStanley Black & Decker, Inc. COM | 0.88% | 0.30% | 0.30% |
 APAAPA Corp. COM | 1.33% | 0.30% | 0.30% |
 PNWPinnacle West Capital Corp. COM | 0.86% | 0.27% | 0.27% |
 COLBColumbia Banking System Inc. COM | 0.68% | 0.27% | 0.27% |
 EMNEastman Chemical Company COM | 0.81% | 0.27% | 0.27% |
 SWKSSkyworks Solutions, Inc. COM | 0.52% | 0.26% | 0.26% |
 SJMThe J M Smucker Company COM NEW | 0.77% | 0.26% | 0.26% |
 HASHasbro Inc COM | 1.13% | 0.23% | 0.23% |
 BENFranklin Resources Inc. COM | 1.08% | 0.22% | 0.22% |
 OGEOGE Energy Corporation COM | 0.93% | 0.22% | 0.22% |
 UGIUGI Corp COM | 0.78% | 0.20% | 0.20% |
 LNCLincoln National Corp. COM | 0.45% | 0.20% | 0.20% |
 CPBThe Campbells Co. COM | 0.61% | 0.17% | 0.17% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.43% | 0.17% | 0.17% |
 PORPortland General Electric Company COM NEW | 0.56% | 0.15% | 0.15% |
 MURMurphy Oil Corporation COM | 0.44% | 0.14% | 0.14% |
 UBSIUnited Bankshares Inc COM | 0.36% | 0.14% | 0.14% |
 SIRISiriusXM Holdings Inc COMMON STOCK | 0.70% | 0.14% | 0.14% |
 VLYValley National Bancorp. COM | 0.40% | 0.13% | 0.13% |
Frequently Asked Questions
How much do DON and FDL overlap?
DON and FDL overlap by 7.5% of portfolio weight. They share 36 holdings (DON holds 295 positions and FDL holds 86), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DON and FDL?
The two portfolios are 7.5% 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 DON and FDL?
The largest positions held by both funds are OMC, BBY, CLX, FNF and OMF. Together the top 10 shared positions account for 46% of the total overlap.
What does DON own that FDL doesn't?
259 positions (77.0% of DON) are unique to DON, led by VTRS, PR and AM. In the other direction, 50 positions (92.3% of FDL) are unique to FDL.