FDL vs IVV: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
iShares · 503 holdings · $901.0B · as of 2026-03-31
How similar are FDL and IVV?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; iShares Core S&P 500 ETF (IVV, by iShares) holds 503. They have 56 holdings in common, and by portfolio weight the two funds are 7.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 56FDL holds 86 · IVV holds 503
- Weight in Shared Holdings
- FDL 95%·IVV 7%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 (4.5% of the fund) are not held by IVV.
Sector Breakdown
| Sector | FDL | IVV |
|---|---|---|
| Information Technology | 1.0% | 32.6% |
| Energy | 28.9% | 4.0% |
| Health Care | 17.2% | 9.4% |
| Consumer Staples | 14.1% | 5.2% |
| Financials | 13.8% | 12.6% |
| Other Sectors | 24.9% | 35.9% |
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 |
|---|---|---|---|---|---|---|---|
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
| IVV | +3.4% | +14.0% | +23.7% | +21.3% | +13.4% | +15.4% | 1.05% |
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 IVV →
Shared Holdings(56)
The top 10 shared positions account for 63% of the overlap, led by XOM, CVX and MRK.
 XOMExxon Mobil Corp. COM | 11.05% | 1.27% | 1.27% |
|---|---|---|---|
 CVXChevron Corp. COM | 9.12% | 0.69% | 0.69% |
 MRKMerck & Co., Inc COM | 5.51% | 0.53% | 0.53% |
 PEPPepsico Inc COM | 4.76% | 0.38% | 0.38% |
 VZVerizon Communications Inc. COM | 7.36% | 0.38% | 0.38% |
 COPConocoPhillips COM | 2.97% | 0.29% | 0.29% |
 PFEPfizer Inc. COM | 6.48% | 0.28% | 0.28% |
 BMYBristol-Myers Squibb Company COM | 3.26% | 0.22% | 0.22% |
 MOAltria Group, Inc. COM | 4.45% | 0.20% | 0.20% |
 CMCSAComcast Corporation CL A | 2.82% | 0.18% | 0.18% |
 CVSCVS Health Corp COM | 1.96% | 0.16% | 0.16% |
 PNCPNC Financial Services Group, Inc. (The) | 1.77% | 0.15% | 0.15% |
 USBU.S. Bancorp. COM NEW | 2.05% | 0.14% | 0.14% |
 EOGEOG Resources Inc. COM | 1.55% | 0.14% | 0.14% |
 UPSUnited Parcel Service, Inc., Class B | 3.03% | 0.13% | 0.13% |
 AEPAmerican Electric Power Co, Inc. COM | 1.24% | 0.13% | 0.13% |
 KMIKinder Morgan, Inc. COM | 1.47% | 0.12% | 0.12% |
 TFCTruist Financial Corp. COM | 1.64% | 0.10% | 0.10% |
 OKEOneok Inc. COM | 1.77% | 0.10% | 0.10% |
 TGTTarget Corp. COM | 1.33% | 0.10% | 0.10% |
 EXCExelon Corp. COM | 1.02% | 0.09% | 0.09% |
 FFord Motor Company COM | 1.42% | 0.08% | 0.08% |
 FITBFifth Third Bancorp COM | 0.91% | 0.07% | 0.07% |
 ADMArcher-Daniels-Midland Co. COM | 0.64% | 0.06% | 0.06% |
 PRUPrudential Financial, Inc. COM | 1.27% | 0.06% | 0.06% |
Frequently Asked Questions
How much do FDL and IVV overlap?
FDL and IVV overlap by 7.0% of portfolio weight. They share 56 holdings (FDL holds 86 positions and IVV holds 503), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and IVV?
The two portfolios are 7.0% 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 FDL and IVV?
The largest positions held by both funds are XOM, CVX, MRK, PEP and VZ. Together the top 10 shared positions account for 63% of the total overlap.
What does FDL own that IVV doesn't?
30 positions (4.5% of FDL) are unique to FDL, led by FNF, OMF and COLB. In the other direction, 447 positions (92.8% of IVV) are unique to IVV.