FDL vs DVY: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
DVYiShares Select Dividend ETF
iShares · 100 holdings · $23.8B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, DVY: 2026-04-30). 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 FDL and DVY?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; iShares Select Dividend ETF (DVY, by iShares) holds 100. They have 56 holdings in common, and by portfolio weight the two funds are 38.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 38.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 56FDL holds 86 · DVY holds 100
- Weight in Shared Holdings
- FDL 77%·DVY 61%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 FDL
30 of 86 positions (23.1% of the fund) are not held by DVY.
Only in DVY
44 of 100 positions (39.1% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | DVY |
|---|---|---|
| Energy | 28.9% | 9.0% |
| Financials | 13.8% | 24.9% |
| Utilities | 6.5% | 24.2% |
| Health Care | 17.2% | 5.0% |
| Consumer Staples | 14.1% | 13.5% |
| Other Sectors | 19.4% | 23.2% |
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 |
|---|---|---|---|---|---|---|---|
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
| DVY | +1.3% | +16.5% | +23.7% | +16.0% | +10.6% | +10.3% | 3.25% |
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 FDL vs DVY →
Shared Holdings(56)
The top 10 shared positions account for 42% of the overlap, led by MO, PFE and VZ.
 MOAltria Group, Inc. COM | 4.45% | 2.29% | 2.29% |
|---|---|---|---|
 PFEPfizer Inc. COM | 6.48% | 2.22% | 2.22% |
 VZVerizon Communications Inc. COM | 7.36% | 1.85% | 1.85% |
 OKEOneok Inc. COM | 1.77% | 1.83% | 1.77% |
 TFCTruist Financial Corp. COM | 1.64% | 1.43% | 1.43% |
 FFord Motor Company COM | 1.42% | 1.38% | 1.38% |
 CVXChevron Corp. COM | 9.12% | 1.38% | 1.38% |
 TGTTarget Corp. COM | 1.33% | 1.45% | 1.33% |
 USBU.S. Bancorp. COM NEW | 2.05% | 1.27% | 1.27% |
 PRUPrudential Financial, Inc. COM | 1.27% | 1.84% | 1.27% |
 EOGEOG Resources Inc. COM | 1.55% | 1.25% | 1.25% |
 CVSCVS Health Corp COM | 1.96% | 1.23% | 1.23% |
 CMCSAComcast Corporation CL A | 2.82% | 1.22% | 1.22% |
 AEPAmerican Electric Power Co, Inc. COM | 1.24% | 1.03% | 1.03% |
 EXCExelon Corp. COM | 1.02% | 1.13% | 1.02% |
 XOMExxon Mobil Corp. COM | 11.05% | 0.99% | 0.99% |
 FITBFifth Third Bancorp COM | 0.91% | 1.05% | 0.91% |
 EIXEdison International COM | 0.88% | 1.53% | 0.88% |
 MRKMerck & Co., Inc COM | 5.51% | 0.87% | 0.87% |
 HBANHuntington Bancshares Incorporated COM | 0.76% | 1.18% | 0.76% |
 HPQHP Inc COM | 0.73% | 1.61% | 0.73% |
 GISGeneral Mills, Inc. COM | 0.71% | 1.52% | 0.71% |
 TROWPrice T Rowe Group Inc. COM | 0.70% | 2.02% | 0.70% |
 ESEversource Energy COM | 0.67% | 1.38% | 0.67% |
 ADMArcher-Daniels-Midland Co. COM | 0.64% | 1.17% | 0.64% |
Frequently Asked Questions
How much do FDL and DVY overlap?
FDL and DVY overlap by 38.5% of portfolio weight. They share 56 holdings (FDL holds 86 positions and DVY holds 100), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and DVY?
The two portfolios are 38.5% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of FDL and DVY?
The largest positions held by both funds are MO, PFE, VZ, OKE and TFC. Together the top 10 shared positions account for 42% of the total overlap.
What does FDL own that DVY doesn't?
30 positions (23.1% of FDL) are unique to FDL, led by PEP, BMY and UPS. In the other direction, 44 positions (39.1% of DVY) are unique to DVY.