FDL vs IYK: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
IYKiShares U.S. Consumer Staples ETF
iShares · 54 holdings · $1.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, IYK: 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 IYK?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; iShares U.S. Consumer Staples ETF (IYK, by iShares) holds 54. They have 12 holdings in common, and by portfolio weight the two funds are 14.7% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 14.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 12FDL holds 86 · IYK holds 54
- Weight in Shared Holdings
- FDL 15%·IYK 23%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
74 of 86 positions (85.1% of the fund) are not held by IYK. Showing the top 30 by weight.
Only in IYK
42 of 54 positions (76.3% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | IYK |
|---|---|---|
| Consumer Staples | 14.1% | 86.1% |
| Energy | 28.9% | 0.0% |
| Health Care | 17.2% | 10.8% |
| Financials | 13.8% | 0.0% |
| Communication Services | 11.0% | 0.0% |
| Other Sectors | 14.9% | 2.7% |
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% |
| IYK | -0.8% | +12.4% | +9.8% | +6.0% | +6.4% | +9.2% | 2.55% |
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 IYK →
Shared Holdings(12)
The top 10 shared positions account for 99% of the overlap, led by PEP, MO and CVS.
 PEPPepsico Inc COM | 4.76% | 8.73% | 4.76% |
|---|---|---|---|
 MOAltria Group, Inc. COM | 4.45% | 4.84% | 4.45% |
 CVSCVS Health Corp COM | 1.96% | 4.29% | 1.96% |
 KHCThe Kraft Heinz Co. COM | 0.81% | 0.94% | 0.81% |
 GISGeneral Mills, Inc. COM | 0.71% | 0.91% | 0.71% |
 ADMArcher-Daniels-Midland Co. COM | 0.64% | 1.72% | 0.64% |
 CLXThe Clorox Company COM | 0.36% | 0.57% | 0.36% |
 CAGConagra Brands Inc COM | 0.36% | 0.33% | 0.33% |
 SJMThe J M Smucker Company COM NEW | 0.26% | 0.49% | 0.26% |
 HRLHormel Foods Corp COM | 0.20% | 0.30% | 0.20% |
 CPBCampbell's Company/The | 0.17% | 0.20% | 0.17% |
 REYNReynolds Consumer Products Inc. COM | 0.03% | 0.06% | 0.03% |
Frequently Asked Questions
How much do FDL and IYK overlap?
FDL and IYK overlap by 14.7% of portfolio weight. They share 12 holdings (FDL holds 86 positions and IYK holds 54), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and IYK?
The two portfolios are 14.7% 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 IYK?
The largest positions held by both funds are PEP, MO, CVS, KHC and GIS. Together the top 10 shared positions account for 99% of the total overlap.
What does FDL own that IYK doesn't?
74 positions (85.1% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 42 positions (76.3% of IYK) are unique to IYK.