FVD vs DGRO: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
DGROiShares Core Dividend Growth ETF
iShares · 394 holdings · $43.4B · as of 2026-04-30
Holdings snapshots are 30 days apart (FVD: 2026-03-31, DGRO: 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 FVD and DGRO?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; iShares Core Dividend Growth ETF (DGRO, by iShares) holds 394. They have 133 holdings in common, and by portfolio weight the two funds are 28.8% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 28.8%Sum of the smaller weight of each shared holding
- Shared Holdings
- 133FVD holds 236 · DGRO holds 394
- Weight in Shared Holdings
- FVD 56%·DGRO 58%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 FVD
103 of 236 positions (43.6% of the fund) are not held by DGRO. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | DGRO |
|---|---|---|
| Financials | 18.5% | 21.1% |
| Utilities | 18.9% | 6.9% |
| Information Technology | 4.6% | 18.5% |
| Health Care | 6.4% | 16.4% |
| Industrials | 15.1% | 11.5% |
| Other Sectors | 31.6% | 25.3% |
| Unclassified | 4.7% | 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. “Unclassified” is weight we could not classify (5% of FVD, 0% of DGRO).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| FVD | +2.8% | +11.6% | +14.7% | +10.6% | +6.9% | +8.8% | 2.20% |
| DGRO | +2.4% | +15.5% | +25.2% | +17.4% | +11.3% | +13.6% | 1.86% |
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 FVD vs DGRO →
Shared Holdings(133)
The top 10 shared positions account for 15% of the overlap, led by ABBV, XOM and MRK.
 ABBVAbbVie Inc. COM | 0.44% | 2.52% | 0.44% |
|---|---|---|---|
 XOMExxon Mobil Corp. COM | 0.44% | 2.90% | 0.44% |
 MRKMerck & Co., Inc COM | 0.44% | 1.75% | 0.44% |
 JNJJohnson & Johnson COM | 0.43% | 2.64% | 0.43% |
 LINLinde PLC COM EUR0.001 | 0.43% | 0.64% | 0.43% |
 NEENextEra Energy Inc COM | 0.43% | 1.23% | 0.43% |
 SOSouthern Co. (The) | 0.43% | 0.72% | 0.43% |
 PEPPepsico Inc COM | 0.43% | 1.70% | 0.43% |
 DUKDuke Energy Corp COM NEW | 0.43% | 0.73% | 0.43% |
 BACBank of America Corp. COM | 0.43% | 1.83% | 0.43% |
 AEPAmerican Electric Power Co, Inc. COM | 0.43% | 0.45% | 0.43% |
 GSGoldman Sachs Group, Inc. (The) | 0.43% | 1.18% | 0.43% |
 UNPUnion Pacific Corporation COM | 0.43% | 0.77% | 0.43% |
 JPMJPMorgan Chase & Co. COM | 0.43% | 3.04% | 0.43% |
 GILDGilead Sciences Inc. COM | 0.43% | 0.78% | 0.43% |
 MDLZMondelez International, Inc., Class A | 0.42% | 0.61% | 0.42% |
 HONHoneywell International Inc. COM | 0.42% | 0.61% | 0.42% |
 PMPhilip Morris International Inc. COM | 0.42% | 1.94% | 0.42% |
 KOCoca-Cola Co (The) COM | 0.42% | 1.79% | 0.42% |
 LOWLowes Companies, Inc. COM | 0.42% | 0.57% | 0.42% |
 MCDMcDonald's Corp. COM | 0.42% | 1.04% | 0.42% |
 AMGNAmgen Inc. COM | 0.42% | 1.11% | 0.42% |
 PGThe Procter & Gamble Co. COM | 0.42% | 2.07% | 0.42% |
 MSMorgan Stanley COM NEW | 0.42% | 1.28% | 0.42% |
 MDTMedtronic PLC USD0.0001 | 0.42% | 0.72% | 0.42% |
Frequently Asked Questions
How much do FVD and DGRO overlap?
FVD and DGRO overlap by 28.8% of portfolio weight. They share 133 holdings (FVD holds 236 positions and DGRO holds 394), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and DGRO?
The two portfolios are 28.8% 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 FVD and DGRO?
The largest positions held by both funds are ABBV, XOM, MRK, JNJ and LIN. Together the top 10 shared positions account for 15% of the total overlap.
What does FVD own that DGRO doesn't?
103 positions (43.6% of FVD) are unique to FVD, led by RIO, SNY and AMX. In the other direction, 261 positions (41.8% of DGRO) are unique to DGRO.