FDL vs VYM: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
VYMVanguard High Dividend Yield Index Fund
Vanguard · 608 holdings · $83.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (FDL: 2026-03-31, VYM: 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 VYM?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; Vanguard High Dividend Yield Index Fund (VYM, by Vanguard) holds 608. They have 86 holdings in common, and by portfolio weight the two funds are 16.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 16.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 86FDL holds 86 · VYM holds 608
- Weight in Shared Holdings
- FDL 100%·VYM 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
Every position in FDL is also held by VYM, so it brings nothing the other fund doesn’t already own.
Sector Breakdown
| Sector | FDL | VYM |
|---|---|---|
| Energy | 28.9% | 9.7% |
| Financials | 13.8% | 20.6% |
| Health Care | 17.2% | 12.1% |
| Information Technology | 1.0% | 16.7% |
| Consumer Staples | 14.1% | 8.1% |
| Other Sectors | 24.9% | 32.2% |
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% |
| VYM | +3.1% | +16.8% | +26.1% | +18.1% | +12.5% | +11.9% | 2.19% |
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 VYM →
Shared Holdings(86)
The top 10 shared positions account for 58% of the overlap, led by XOM, CVX and MRK.
 XOMExxon Mobil Corp. COM | 11.05% | 2.72% | 2.72% |
|---|---|---|---|
 CVXChevron Corp. COM | 9.12% | 1.51% | 1.51% |
 MRKMerck & Co., Inc COM | 5.51% | 1.13% | 1.13% |
 PEPPepsico Inc COM | 4.76% | 0.90% | 0.90% |
 VZVerizon Communications Inc. COM | 7.36% | 0.84% | 0.84% |
 COPConocoPhillips COM | 2.97% | 0.65% | 0.65% |
 PFEPfizer Inc. COM | 6.48% | 0.63% | 0.63% |
 BMYBristol-Myers Squibb Company COM | 3.26% | 0.51% | 0.51% |
 MOAltria Group, Inc. COM | 4.45% | 0.51% | 0.51% |
 CVSCVS Health Corp COM | 1.96% | 0.43% | 0.43% |
 CMCSAComcast Corporation CL A | 2.82% | 0.41% | 0.41% |
 USBU.S. Bancorp. COM NEW | 2.05% | 0.37% | 0.37% |
 PNCPNC Financial Services Group, Inc. (The) | 1.77% | 0.36% | 0.36% |
 UPSUnited Parcel Service, Inc., Class B | 3.03% | 0.33% | 0.33% |
 EOGEOG Resources Inc. COM | 1.55% | 0.32% | 0.32% |
 AEPAmerican Electric Power Co, Inc. COM | 1.24% | 0.31% | 0.31% |
 TFCTruist Financial Corp. COM | 1.64% | 0.27% | 0.27% |
 KMIKinder Morgan, Inc. COM | 1.47% | 0.27% | 0.27% |
 TGTTarget Corp. COM | 1.33% | 0.25% | 0.25% |
 OKEOneok Inc. COM | 1.77% | 0.24% | 0.24% |
 FFord Motor Company COM | 1.42% | 0.20% | 0.20% |
 EXCExelon Corp. COM | 1.02% | 0.19% | 0.19% |
 FITBFifth Third Bancorp COM | 0.91% | 0.19% | 0.19% |
 ADMArcher-Daniels-Midland Co. COM | 0.64% | 0.15% | 0.15% |
 PRUPrudential Financial, Inc. COM | 1.27% | 0.14% | 0.14% |
Frequently Asked Questions
How much do FDL and VYM overlap?
FDL and VYM overlap by 16.8% of portfolio weight. They share 86 holdings (FDL holds 86 positions and VYM holds 608), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and VYM?
The two portfolios are 16.8% 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 VYM?
The largest positions held by both funds are XOM, CVX, MRK, PEP and VZ. Together the top 10 shared positions account for 58% of the total overlap.
What does FDL own that VYM doesn't?
Nothing. Every position in FDL is also held by VYM. In the other direction, 522 positions (82.7% of VYM) are unique to VYM.