FDL vs VIG: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
VIGVanguard Dividend Appreciation Index Fund
Vanguard · 332 holdings · $113.6B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, VIG: 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 VIG?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; Vanguard Dividend Appreciation Index Fund (VIG, by Vanguard) holds 332. They have 10 holdings in common, and by portfolio weight the two funds are 6.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 10FDL holds 86 · VIG holds 332
- Weight in Shared Holdings
- FDL 27%·VIG 6%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
76 of 86 positions (73.2% of the fund) are not held by VIG. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | VIG |
|---|---|---|
| Energy | 28.9% | 3.4% |
| Information Technology | 1.0% | 25.5% |
| Financials | 13.8% | 20.5% |
| Health Care | 17.2% | 16.4% |
| Consumer Staples | 14.1% | 10.2% |
| Other Sectors | 24.9% | 23.4% |
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% |
| VIG | +2.7% | +12.5% | +21.0% | +16.3% | +10.9% | +13.2% | 1.46% |
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 VIG →
Shared Holdings(10)
The top 10 shared positions account for 100% of the overlap, led by XOM, MRK and PEP.
 XOMExxon Mobil Corp. COM | 11.05% | 2.90% | 2.90% |
|---|---|---|---|
 MRKMerck & Co., Inc COM | 5.51% | 1.22% | 1.22% |
 PEPPepsico Inc COM | 4.76% | 0.98% | 0.98% |
 PNCPNC Financial Services Group, Inc. (The) | 1.77% | 0.39% | 0.39% |
 AEPAmerican Electric Power Co, Inc. COM | 1.24% | 0.33% | 0.33% |
 FITBFifth Third Bancorp COM | 0.91% | 0.21% | 0.21% |
 ADMArcher-Daniels-Midland Co. COM | 0.64% | 0.16% | 0.16% |
 PFGPrincipal Financial Group Inc. COM | 0.45% | 0.09% | 0.09% |
 ZIONZions Bancorporation Natl Assn Global Bank COM | 0.17% | 0.04% | 0.04% |
 FAFFirst American Financial Corporation COM | 0.13% | 0.03% | 0.03% |
Frequently Asked Questions
How much do FDL and VIG overlap?
FDL and VIG overlap by 6.4% of portfolio weight. They share 10 holdings (FDL holds 86 positions and VIG holds 332), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and VIG?
The two portfolios are 6.4% 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 VIG?
The largest positions held by both funds are XOM, MRK, PEP, PNC and AEP. Together the top 10 shared positions account for 100% of the total overlap.
What does FDL own that VIG doesn't?
76 positions (73.2% of FDL) are unique to FDL, led by CVX, VZ and PFE. In the other direction, 322 positions (93.0% of VIG) are unique to VIG.