FDL vs HDV: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
HDViShares Core High Dividend ETF
iShares · 75 holdings · $14.9B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, HDV: 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 HDV?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; iShares Core High Dividend ETF (HDV, by iShares) holds 75. They have 24 holdings in common, and by portfolio weight the two funds are 37.5% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 37.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 24FDL holds 86 · HDV holds 75
- Weight in Shared Holdings
- FDL 50%·HDV 38%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 (49.9% of the fund) are not held by HDV. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | HDV |
|---|---|---|
| Energy | 28.9% | 22.2% |
| Consumer Staples | 14.1% | 24.0% |
| Health Care | 17.2% | 16.4% |
| Financials | 13.8% | 11.0% |
| Communication Services | 11.0% | 0.0% |
| Other Sectors | 14.9% | 26.1% |
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.
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% |
| HDV | +2.8% | +20.2% | +24.7% | +15.7% | +12.1% | +9.6% | 3.06% |
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 HDV →
Shared Holdings(24)
The top 10 shared positions account for 89% of the overlap, led by XOM, CVX and MRK.
 XOMExxon Mobil Corp. COM | 11.05% | 8.42% | 8.42% |
|---|---|---|---|
 CVXChevron Corp. COM | 9.12% | 6.42% | 6.42% |
 MRKMerck & Co., Inc COM | 5.51% | 3.77% | 3.77% |
 MOAltria Group, Inc. COM | 4.45% | 3.70% | 3.70% |
 PEPPepsico Inc COM | 4.76% | 3.66% | 3.66% |
 COPConocoPhillips COM | 2.97% | 2.13% | 2.13% |
 USBU.S. Bancorp. COM NEW | 2.05% | 1.68% | 1.68% |
 PNCPNC Financial Services Group, Inc. (The) | 1.77% | 1.43% | 1.43% |
 EOGEOG Resources Inc. COM | 1.55% | 1.14% | 1.14% |
 KMIKinder Morgan, Inc. COM | 1.47% | 1.09% | 1.09% |
 AEPAmerican Electric Power Co, Inc. COM | 1.24% | 0.97% | 0.97% |
 TROWPrice T Rowe Group Inc. COM | 0.70% | 0.60% | 0.60% |
 RFRegions Financial Corporation COM | 0.57% | 0.47% | 0.47% |
 FEFirstEnergy Corp. COM | 0.58% | 0.41% | 0.41% |
 CTRACoterra Energy Inc COM | 0.48% | 0.37% | 0.37% |
 EVRGEvergy Inc COM | 0.40% | 0.31% | 0.31% |
 CLXThe Clorox Company COM | 0.36% | 0.25% | 0.25% |
 HASHasbro Inc COM | 0.23% | 0.18% | 0.18% |
 OGEOGE Energy Corporation COM | 0.22% | 0.17% | 0.17% |
 PORPortland General Electric Company COM NEW | 0.15% | 0.11% | 0.11% |
 NJRNew Jersey Resources Corporation | 0.12% | 0.09% | 0.09% |
 MSMMSC Industrial Direct Co., Inc., Class A | 0.09% | 0.08% | 0.08% |
 OGSONE Gas, Inc. COM | 0.10% | 0.08% | 0.08% |
 REYNReynolds Consumer Products Inc. COM | 0.03% | 0.02% | 0.02% |
Frequently Asked Questions
How much do FDL and HDV overlap?
FDL and HDV overlap by 37.5% of portfolio weight. They share 24 holdings (FDL holds 86 positions and HDV holds 75), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and HDV?
The two portfolios are 37.5% 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 HDV?
The largest positions held by both funds are XOM, CVX, MRK, MO and PEP. Together the top 10 shared positions account for 89% of the total overlap.
What does FDL own that HDV doesn't?
62 positions (49.9% of FDL) are unique to FDL, led by VZ, PFE and BMY. In the other direction, 51 positions (62.1% of HDV) are unique to HDV.