FDL vs KIE: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
KIEState Street® SPDR® S&P® Insurance ETF
State Street (SPDR) · 53 holdings · $660M · as of 2026-08-06
Holdings snapshots are 128 days apart (FDL: 2026-03-31, KIE: 2026-08-06). 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 KIE?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; State Street® SPDR® S&P® Insurance ETF (KIE, by State Street (SPDR)) holds 53. They have 5 holdings in common, and by portfolio weight the two funds are 2.4% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 5FDL holds 86 · KIE holds 53
- Weight in Shared Holdings
- FDL 2%·KIE 10%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
81 of 86 positions (97.4% of the fund) are not held by KIE. Showing the top 30 by weight.
Only in KIE
48 of 53 positions (90.3% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | KIE |
|---|---|---|
| Financials | 13.8% | 98.3% |
| Energy | 28.9% | 0.0% |
| Health Care | 17.2% | 1.6% |
| Consumer Staples | 14.1% | 0.0% |
| Communication Services | 11.0% | 0.0% |
| Other Sectors | 14.9% | 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% |
| KIE | +0.2% | +8.3% | +16.0% | +16.1% | +12.6% | +12.3% | 1.51% |
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 KIE →
Shared Holdings(5)
The top 5 shared positions account for 100% of the overlap, led by PRU, PFG and FNF.
 PRUPrudential Financial, Inc. COM | 1.27% | 1.94% | 1.27% |
|---|---|---|---|
 PFGPrincipal Financial Group Inc. COM | 0.45% | 1.77% | 0.45% |
 FNFFidelity National Financial Inc. - FNF Group | 0.32% | 1.85% | 0.32% |
 LNCLincoln National Corp. COM | 0.20% | 2.16% | 0.20% |
 FAFFirst American Financial Corporation COM | 0.13% | 1.91% | 0.13% |
Frequently Asked Questions
How much do FDL and KIE overlap?
FDL and KIE overlap by 2.4% of portfolio weight. They share 5 holdings (FDL holds 86 positions and KIE holds 53), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and KIE?
The two portfolios are 2.4% 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 KIE?
The largest positions held by both funds are PRU, PFG, FNF, LNC and FAF. Together the top 5 shared positions account for 100% of the total overlap.
What does FDL own that KIE doesn't?
81 positions (97.4% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 48 positions (90.3% of KIE) are unique to KIE.