FVD vs REGL: Holdings Overlap
FVDFirst Trust Value Line Dividend Index Fund
First Trust · 236 holdings · $8.4B · as of 2026-03-31
REGLProShares S&P MidCap 400 Dividend Aristocrats ETF
ProShares · 65 holdings · $1.8B · as of 2026-05-31
Holdings snapshots are 61 days apart (FVD: 2026-03-31, REGL: 2026-05-31). 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 REGL?
First Trust Value Line Dividend Index Fund (FVD, by First Trust) holds 236 positions; ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL, by ProShares) holds 65. They have 27 holdings in common, and by portfolio weight the two funds are 11.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 11.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 27FVD holds 236 · REGL holds 65
- Weight in Shared Holdings
- FVD 11%·REGL 40%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
209 of 236 positions (88.3% of the fund) are not held by REGL. Showing the top 30 by weight.
Sector Breakdown
| Sector | FVD | REGL |
|---|---|---|
| Financials | 18.5% | 30.9% |
| Utilities | 18.9% | 15.1% |
| Industrials | 15.1% | 13.6% |
| Materials | 4.3% | 13.4% |
| Consumer Staples | 10.4% | 2.8% |
| Other Sectors | 27.8% | 23.9% |
| 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 REGL).
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% |
| REGL | +3.7% | +14.8% | +18.4% | +12.5% | +8.5% | +9.8% | 2.13% |
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 REGL →
Shared Holdings(27)
The top 10 shared positions account for 38% of the overlap, led by IDA, SON and ORI.
 IDAIdacorp Inc COM | 0.44% | 1.52% | 0.44% |
|---|---|---|---|
 SONSonoco Products Company COM | 0.44% | 1.35% | 0.44% |
 ORIOld Republic International Corporation COM | 0.44% | 1.37% | 0.44% |
 PORPortland General Electric Company COM NEW | 0.43% | 1.56% | 0.43% |
 RPMRPM International Inc. COM | 0.43% | 1.55% | 0.43% |
 OGEOGE Energy Corporation COM | 0.43% | 1.59% | 0.43% |
 CBSHCommerce Bancshares Inc COM | 0.43% | 1.62% | 0.43% |
 INGRIngredion Incorporated COM | 0.43% | 1.41% | 0.43% |
 NJRNew Jersey Resources Corp. COM | 0.43% | 1.57% | 0.43% |
 BKHBlack Hills Corporation COM | 0.43% | 1.56% | 0.43% |
 NWENorthWestern Energy Group Inc COM NEW | 0.43% | 1.57% | 0.43% |
 ATRAptargroup Inc. COM | 0.43% | 1.44% | 0.43% |
 THGThe Hanover Insurance Group, Inc. COM | 0.42% | 1.62% | 0.42% |
 OGSONE Gas, Inc. COM | 0.42% | 1.40% | 0.42% |
 NFGNational Fuel Gas Company COM | 0.42% | 1.41% | 0.42% |
 WTRGEssential Utilities Inc COM | 0.42% | 1.48% | 0.42% |
 AFGAmerican Financial Group, Inc. COM | 0.42% | 1.56% | 0.42% |
 PRIPrimerica, Inc. COM | 0.42% | 1.52% | 0.42% |
 SRSpire Inc COM | 0.42% | 1.44% | 0.42% |
 SEICSEI Investments Co COM | 0.42% | 1.66% | 0.42% |
 GGGGraco Inc COM | 0.42% | 1.36% | 0.42% |
 DCIDonaldson Co Inc COM | 0.42% | 1.45% | 0.42% |
 RLIRLI Corp COM | 0.41% | 1.35% | 0.41% |
 ELSEquity Lifestyle Properties Inc COM | 0.41% | 1.49% | 0.41% |
 LECOLincoln Electric Holdings Inc. COM | 0.41% | 1.56% | 0.41% |
Frequently Asked Questions
How much do FVD and REGL overlap?
FVD and REGL overlap by 11.4% of portfolio weight. They share 27 holdings (FVD holds 236 positions and REGL holds 65), based on each fund's latest SEC-reported holdings.
Is it redundant to own both FVD and REGL?
The two portfolios are 11.4% 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 REGL?
The largest positions held by both funds are IDA, SON, ORI, POR and RPM. Together the top 10 shared positions account for 38% of the total overlap.
What does FVD own that REGL doesn't?
209 positions (88.3% of FVD) are unique to FVD, led by ETR, RIO and SNY. In the other direction, 38 positions (59.4% of REGL) are unique to REGL.