FDL vs FDVV: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
FDVVFidelity High Dividend ETF
Fidelity · 96 holdings · $10.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, FDVV: 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 FDVV?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; Fidelity High Dividend ETF (FDVV, by Fidelity) holds 96. They have 24 holdings in common, and by portfolio weight the two funds are 16.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24FDL holds 86 · FDVV holds 96
- Weight in Shared Holdings
- FDL 51%·FDVV 20%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
62 of 86 positions (48.6% of the fund) are not held by FDVV. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | FDVV |
|---|---|---|
| Energy | 28.9% | 0.0% |
| Information Technology | 1.0% | 26.7% |
| Financials | 13.8% | 19.0% |
| Health Care | 17.2% | 3.0% |
| Consumer Staples | 14.1% | 11.3% |
| Other Sectors | 24.9% | 38.6% |
| Unclassified | 0.0% | 1.1% |
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. “Unclassified” is weight we could not classify (0% of FDL, 1% of FDVV).
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% |
| FDVV | +3.8% | +15.1% | +22.8% | +19.9% | +14.6% | — | 2.69% |
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 FDVV →
Shared Holdings(24)
The top 10 shared positions account for 76% of the overlap, led by MO, PEP and USB.
 MOAltria Group, Inc. COM | 4.45% | 1.70% | 1.70% |
|---|---|---|---|
 PEPPepsico Inc COM | 4.76% | 1.63% | 1.63% |
 USBU.S. Bancorp. COM NEW | 2.05% | 1.34% | 1.34% |
 TFCTruist Financial Corp. COM | 1.64% | 1.28% | 1.28% |
 PRUPrudential Financial, Inc. COM | 1.27% | 1.26% | 1.26% |
 FFord Motor Company COM | 1.42% | 1.25% | 1.25% |
 AEPAmerican Electric Power Co, Inc. COM | 1.24% | 1.23% | 1.23% |
 EXCExelon Corp. COM | 1.02% | 1.11% | 1.02% |
 EIXEdison International COM | 0.88% | 1.11% | 0.88% |
 KHCThe Kraft Heinz Co. COM | 0.81% | 1.28% | 0.81% |
 HPQHP Inc COM | 0.73% | 0.86% | 0.73% |
 ESEversource Energy COM | 0.67% | 1.06% | 0.67% |
 BBYBest Buy Co Inc. COM | 0.46% | 1.21% | 0.46% |
 MRKMerck & Co., Inc COM | 5.51% | 0.34% | 0.34% |
 AESAES Corp. (The) | 0.31% | 0.92% | 0.31% |
 PFEPfizer Inc. COM | 6.48% | 0.30% | 0.30% |
 BMYBristol-Myers Squibb Company COM | 3.26% | 0.29% | 0.29% |
 SWKSSkyworks Solutions, Inc. COM | 0.26% | 0.96% | 0.26% |
 UPSUnited Parcel Service, Inc., Class B | 3.03% | 0.22% | 0.22% |
 VZVerizon Communications Inc. COM | 7.36% | 0.14% | 0.14% |
 WHRWhirlpool Corporation | 0.12% | 0.87% | 0.12% |
 CMCSAComcast Corporation CL A | 2.82% | 0.08% | 0.08% |
 OMCOmnicom Group Inc COM | 0.56% | 0.04% | 0.04% |
 NXSTNexstar Media Group Inc COMMON STOCK | 0.09% | 0.03% | 0.03% |
Frequently Asked Questions
How much do FDL and FDVV overlap?
FDL and FDVV overlap by 16.4% of portfolio weight. They share 24 holdings (FDL holds 86 positions and FDVV holds 96), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and FDVV?
The two portfolios are 16.4% 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 FDL and FDVV?
The largest positions held by both funds are MO, PEP, USB, TFC and PRU. Together the top 10 shared positions account for 76% of the total overlap.
What does FDL own that FDVV doesn't?
62 positions (48.6% of FDL) are unique to FDL, led by XOM, CVX and COP. In the other direction, 72 positions (79.2% of FDVV) are unique to FDVV.