ETF comparison
FDL vs IWD
Dividend vs US Value.
First Trust Morningstar Dividend Leaders Index Fund · iShares Russell 1000 Value ETF
Holdings overlap
87 positions appear in both funds. Buying equal dollars of FDL and IWD would leave roughly 9.4% of each dollar exposed to the same underlying securities.
Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.
Side by side
Sub-score comparison
Tracking quality isn't part of the composite — see what we don't score for why.
Cost difference
IWD is 25 bps cheaper than FDL. On a $100,000 position that's about $250/yr more in fees for FDL.
Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open the cost calculator pre-filled with FDL vs IWD.
Top shared holdings
87 shared in total| # | Holding | In FDL | In IWD | Overlap |
|---|---|---|---|---|
| 1 | CHEVRON CORP | 7.43% | 0.86% | 0.86% |
| 2 | PHILIP MORRIS INTERNATIONAL INC | 6.06% | 0.79% | 0.79% |
| 3 | VERIZON COMMUNICATIONS INC | 7.17% | 0.50% | 0.50% |
| 4 | PEPSICO INC | 4.84% | 0.46% | 0.46% |
| 5 | PFIZER INC | 5.91% | 0.38% | 0.38% |
| 6 | ALTRIA GROUP INC | 4.64% | 0.34% | 0.34% |
| 7 | BRISTOL-MYERS SQUIBB COMPANY | 3.43% | 0.33% | 0.33% |
| 8 | SOUTHERN COMPANY (THE) | 2.32% | 0.30% | 0.30% |
| 9 | MEDTRONIC PLC | 2.28% | 0.28% | 0.28% |
| 10 | DUKE ENERGY CORP | 2.21% | 0.28% | 0.28% |
| 11 | US BANCORP | 2.27% | 0.26% | 0.26% |
| 12 | COMCAST CORP | 3.13% | 0.24% | 0.24% |
Only in FDL
14 total- ARES MANAGEMENT CORP 0.64%
- PORTLAND GENERAL ELECTRIC COMPANY 0.16%
- INSTALLED BUILDING PRODUCTS INC 0.15%
- ATLANTIC UNION BANKSHARES CORP 0.14%
- BLACK HILLS CORP 0.14%
- UNITED BANKSHARES INC 0.14%
- NEW JERSEY RESOURCES CORP 0.12%
- MOELIS & COMPANY 0.12%
- SPIRE INC (US) 0.12%
- ASSOCIATED BANC-CORP 0.11%
Only in IWD
783 total- AMAZON.COM, INC. 5.93%
- APPLE INC. 5.37%
- MICROSOFT CORPORATION 3.88%
- BERKSHIRE HATHAWAY INC. 2.61%
- JPMORGAN CHASE & CO. 2.45%
- INTEL CORPORATION 1.72%
- JOHNSON & JOHNSON 1.71%
- EXXON MOBIL CORPORATION 1.59%
- CISCO SYSTEMS, INC. 1.30%
- WALMART INC. 1.27%
Related comparisons
More comparisons with FDL
- FDL vs DON · WisdomTree U.S. MidCap Dividend Fund 9.1%
- FDL vs VO · Vanguard Morningstar Mid-Cap ETF 8.4%
- FDL vs CGDV · Capital Group Dividend Value ETF 6.9%
- FDL vs VB · Vanguard Morningstar Small-Cap ETF 5.5%
- FDL vs VOO · Vanguard S&P 500 ETF 5.2%
- FDL vs SPYM · State Street SPDR Portfolio S&P 500 ETF 5.2%
More comparisons with IWD
- IWD vs AVMV · Avantis U.S. Mid Cap Value ETF 9.4%
- IWD vs BBMC · JPMorgan BetaBuilders U.S. Mid Cap Equity ETF 9.0%
- IWD vs MOAT · VanEck Morningstar Wide Moat ETF 9.0%
- IWD vs SPHD · Invesco S&P 500 High Dividend Low Volatility ETF 8.5%
- IWD vs SMLF · iShares U.S. Small-Cap Equity Factor ETF 7.1%
- IWD vs DFAS · U.S. Small Cap Portfolio-ETF Class Shares 7.1%
Percentages are holdings overlap with the named fund.
Open FDL or IWD at a brokerage
Both funds trade commission-free at major US brokerages.
Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodology and funding disclosure.
Holdings overlap is the sum of min(weight_a, weight_b) over positions
matched on ISIN (CUSIP fallback). Methodology: see
/methodology/.
Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.