FDL vs XLC: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
XLCState Street® Communication Services Select Sector SPDR® ETF
State Street (SPDR) · 23 holdings · $21.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (FDL: 2026-03-31, XLC: 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 XLC?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; State Street® Communication Services Select Sector SPDR® ETF (XLC, by State Street (SPDR)) holds 23. They have 3 holdings in common, and by portfolio weight the two funds are 8.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 3FDL holds 86 · XLC holds 23
- Weight in Shared Holdings
- FDL 11%·XLC 14%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
83 of 86 positions (89.0% of the fund) are not held by XLC. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | XLC |
|---|---|---|
| Communication Services | 11.0% | 99.8% |
| Energy | 28.9% | 0.0% |
| Health Care | 17.2% | 0.0% |
| Consumer Staples | 14.1% | 0.0% |
| Financials | 13.8% | 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% |
| XLC | +0.2% | -5.0% | +5.0% | +19.1% | +7.2% | — | 1.29% |
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 XLC →
Shared Holdings(3)
The top 3 shared positions account for 100% of the overlap, led by VZ, CMCSA and OMC.
Frequently Asked Questions
How much do FDL and XLC overlap?
FDL and XLC overlap by 8.2% of portfolio weight. They share 3 holdings (FDL holds 86 positions and XLC holds 23), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and XLC?
The two portfolios are 8.2% 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 XLC?
The largest positions held by both funds are VZ, CMCSA and OMC. Together the top 3 shared positions account for 100% of the total overlap.
What does FDL own that XLC doesn't?
83 positions (89.0% of FDL) are unique to FDL, led by XOM, CVX and PFE. In the other direction, 20 positions (86.0% of XLC) are unique to XLC.