FDL vs IYT: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
IYTiShares U.S. Transportation ETF
iShares · 44 holdings · $2.3B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, IYT: 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 IYT?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; iShares U.S. Transportation ETF (IYT, by iShares) holds 44. They have 1 holdings in common, and by portfolio weight the two funds are 3.0% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 3.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 1FDL holds 86 · IYT holds 44
- Weight in Shared Holdings
- FDL 3%·IYT 5%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
85 of 86 positions (96.8% of the fund) are not held by IYT. Showing the top 30 by weight.
Only in IYT
43 of 44 positions (95.5% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | IYT |
|---|---|---|
| Industrials | 3.4% | 99.9% |
| Energy | 28.9% | 0.0% |
| Health Care | 17.2% | 0.0% |
| Consumer Staples | 14.1% | 0.0% |
| Financials | 13.8% | 0.0% |
| Other Sectors | 22.4% | 0.0% |
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% |
| IYT | +0.1% | +17.7% | +28.2% | +11.7% | +8.0% | +10.7% | 0.90% |
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 IYT →
Shared Holdings(1)
 UPSUnited Parcel Service, Inc., Class B | 3.03% | 4.50% | 3.03% |
|---|
Frequently Asked Questions
How much do FDL and IYT overlap?
FDL and IYT overlap by 3.0% of portfolio weight. They share 1 holdings (FDL holds 86 positions and IYT holds 44), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and IYT?
The two portfolios are 3.0% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of FDL and IYT?
The largest positions held by both funds are UPS. Together the top 1 shared positions account for 100% of the total overlap.
What does FDL own that IYT doesn't?
85 positions (96.8% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 43 positions (95.5% of IYT) are unique to IYT.