FDL vs IYZ: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
IYZiShares U.S. Telecommunications ETF
iShares · 21 holdings · $1.3B · as of 2026-03-31
How similar are FDL and IYZ?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; iShares U.S. Telecommunications ETF (IYZ, by iShares) holds 21. They have 2 holdings in common, and by portfolio weight the two funds are 10.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 10.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 2FDL holds 86 · IYZ holds 21
- Weight in Shared Holdings
- FDL 10%·IYZ 17%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
84 of 86 positions (89.6% of the fund) are not held by IYZ. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | IYZ |
|---|---|---|
| Communication Services | 11.0% | 61.4% |
| Information Technology | 1.0% | 38.4% |
| Energy | 28.9% | 0.0% |
| Health Care | 17.2% | 0.0% |
| Consumer Staples | 14.1% | 0.0% |
| Other Sectors | 27.7% | 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% |
| IYZ | +7.6% | +29.6% | +46.8% | +27.9% | +7.6% | +5.2% | 1.61% |
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 IYZ →
Shared Holdings(2)
Frequently Asked Questions
How much do FDL and IYZ overlap?
FDL and IYZ overlap by 10.2% of portfolio weight. They share 2 holdings (FDL holds 86 positions and IYZ holds 21), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and IYZ?
The two portfolios are 10.2% 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 IYZ?
The largest positions held by both funds are VZ and CMCSA. Together the top 2 shared positions account for 100% of the total overlap.
What does FDL own that IYZ doesn't?
84 positions (89.6% of FDL) are unique to FDL, led by XOM, CVX and PFE. In the other direction, 19 positions (82.4% of IYZ) are unique to IYZ.