FDL vs XLV: Holdings Overlap
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
XLVState Street® Health Care Select Sector SPDR® ETF
State Street (SPDR) · 61 holdings · $41.9B · as of 2026-08-06
Holdings snapshots are 128 days apart (FDL: 2026-03-31, XLV: 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 XLV?
First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86 positions; State Street® Health Care Select Sector SPDR® ETF (XLV, by State Street (SPDR)) holds 61. They have 4 holdings in common, and by portfolio weight the two funds are 12.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 4FDL holds 86 · XLV holds 61
- Weight in Shared Holdings
- FDL 17%·XLV 12%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
82 of 86 positions (82.6% of the fund) are not held by XLV. Showing the top 30 by weight.
Sector Breakdown
| Sector | FDL | XLV |
|---|---|---|
| Health Care | 17.2% | 99.8% |
| Energy | 28.9% | 0.0% |
| Consumer Staples | 14.1% | 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% |
| XLV | +0.8% | +7.9% | +30.7% | +9.2% | +6.2% | +10.0% | 1.53% |
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 XLV →
Shared Holdings(4)
The top 4 shared positions account for 100% of the overlap, led by MRK, PFE and BMY.
Frequently Asked Questions
How much do FDL and XLV overlap?
FDL and XLV overlap by 12.0% of portfolio weight. They share 4 holdings (FDL holds 86 positions and XLV holds 61), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FDL and XLV?
The two portfolios are 12.0% 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 XLV?
The largest positions held by both funds are MRK, PFE, BMY and CVS. Together the top 4 shared positions account for 100% of the total overlap.
What does FDL own that XLV doesn't?
82 positions (82.6% of FDL) are unique to FDL, led by XOM, CVX and VZ. In the other direction, 57 positions (87.7% of XLV) are unique to XLV.