FDL vs XLP: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
XLPState Street® Consumer Staples Select Sector SPDR® ETF
State Street (SPDR) · 34 holdings · $14.7B · as of 2026-08-06
Holdings snapshots are 128 days apart (FDL: 2026-03-31, XLP: 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 XLP?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; State Street® Consumer Staples Select Sector SPDR® ETF (XLP, by State Street (SPDR)) holds 34. They have 9 holdings in common, and by portfolio weight the two funds are 12.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 9FDL holds 86 · XLP holds 34
- Weight in Shared Holdings
- FDL 14%·XLP 20%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
77 of 86 positions (86.3% of the fund) are not held by XLP. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | XLP |
|---|---|---|
| Consumer Staples | 14.1% | 99.8% |
| Energy | 28.9% | 0.0% |
| Health Care | 17.2% | 0.0% |
| Financials | 13.8% | 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% |
| XLP | +0.3% | +11.0% | +6.4% | +7.1% | +6.5% | +7.4% | 2.58% |
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 XLP →
Shared Holdings(9)
The top 9 shared positions account for 100% of the overlap, led by PEP, MO and TGT.
 PEPPepsico Inc COM | 4.76% | 4.33% | 4.33% |
|---|---|---|---|
 MOAltria Group, Inc. COM | 4.45% | 4.18% | 4.18% |
 TGTTarget Corp. COM | 1.33% | 4.25% | 1.33% |
 KHCThe Kraft Heinz Co. COM | 0.81% | 1.35% | 0.81% |
 GISGeneral Mills, Inc. COM | 0.71% | 1.22% | 0.71% |
 ADMArcher-Daniels-Midland Co. COM | 0.64% | 2.37% | 0.64% |
 CLXThe Clorox Company COM | 0.36% | 0.81% | 0.36% |
 SJMThe J M Smucker Company COM NEW | 0.26% | 0.81% | 0.26% |
 HRLHormel Foods Corp COM | 0.20% | 0.47% | 0.20% |
Frequently Asked Questions
How much do FDL and XLP overlap?
FDL and XLP overlap by 12.8% of portfolio weight. They share 9 holdings (FDL holds 86 positions and XLP holds 34), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and XLP?
The two portfolios are 12.8% 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 XLP?
The largest positions held by both funds are PEP, MO, TGT, KHC and GIS. Together the top 9 shared positions account for 100% of the total overlap.
What does FDL own that XLP doesn't?
77 positions (86.3% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 25 positions (80.0% of XLP) are unique to XLP.