ETF comparison

FDLvsPEY

Both Dividend.

First Trust Morningstar Dividend Leaders Index Fund · Invesco High Yield Equity Dividend Achievers ETF

Holdings overlap

Weighted by ISIN/CUSIP
26.7%

32 positions appear in both funds. Buying equal dollars of FDL and PEY would leave roughly26.7%of each dollar exposed to the same underlying securities.

FDL only 73.1%Shared 26.7%PEY only 73.3%
In FDL only
69 positions
Shared
32 positions
In PEY only
19 positions

Side by side

FDL

First Trust Morningstar Dividend Leaders Index Fund

First Trust · Dividend

68composite / 100
Expense ratio
0.43%
Net assets
$8.09B
TTM yield
3.55%
Top-10 conc.
48.1%
PEY

Invesco High Yield Equity Dividend Achievers ETF

Invesco · Dividend

50composite / 100
Expense ratio
0.68%
Net assets
$1.16B
TTM yield
4.36%
Top-10 conc.
44.6%

Sub-score comparison

57
Cost
32
73
Tax efficiency
72
96
Liquidity
59
46
Concentration
51
Tracking quality
FDLsub-scorePEY

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

FDL is 25 bps cheaper than PEY. On a $100,000 position that's about $250/yr more in fees for PEY.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with FDL vs PEY.

Top shared holdings

32 shared in total
#HoldingIn FDLIn PEYOverlap
1ALTRIA GROUP INC4.64%2.45%2.45%
2PFIZER INC5.91%2.32%2.32%
3UNITED PARCEL SERVICE INC3.15%2.05%2.05%
4VERIZON COMMUNICATIONS INC7.17%2.02%2.02%
5BRISTOL-MYERS SQUIBB COMPANY3.43%1.50%1.50%
6US BANCORP2.27%1.49%1.49%
7CHEVRON CORP7.43%1.48%1.48%
8TARGET CORP1.41%1.76%1.41%
9COMCAST CORP3.13%1.37%1.37%
10PRUDENTIAL FINANCIAL INC1.31%2.13%1.31%
11KIMBERLY CLARK CORP1.23%1.54%1.23%
12PAYCHEX INC0.99%1.76%0.99%

Only in FDL

69 total
  • PHILIP MORRIS INTERNATIONAL INC6.06%
  • PEPSICO INC4.84%
  • SOUTHERN COMPANY (THE)2.32%
  • BLACKSTONE INC2.31%
  • MEDTRONIC PLC2.28%
  • DUKE ENERGY CORP2.21%
  • ACCENTURE PLC1.84%
  • TRUIST FINANCIAL CORP1.70%
  • ONEOK INC1.69%
  • MONDELEZ INTERNATIONAL INC1.57%

Only in PEY

19 total
  • Insperity, Inc.6.20%
  • LyondellBasell Industries N.V.4.74%
  • Robert Half Inc.4.07%
  • Flowers Foods, Inc.3.52%
  • Perrigo Co. PLC3.03%
  • Universal Corp.2.34%
  • John Wiley & Sons, Inc.2.33%
  • Peoples Bancorp Inc.2.09%
  • Main Street Capital Corp.2.04%
  • Avista Corp.1.89%

Open FDL or PEY 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 methodologyand 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.