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ETF comparison

FDL vs SPYD

Both Dividend.

First Trust Morningstar Dividend Leaders Index Fund · State Street SPDR Portfolio S&P 500 High Dividend ETF

Holdings overlap

Weighted by ISIN/CUSIP
35.3 %

41 positions appear in both funds. Buying equal dollars of FDL and SPYD would leave roughly 35.3% of each dollar exposed to the same underlying securities.

FDL unmatched 64.4% Shared 35.3% SPYD unmatched 63.9%

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.

In FDL only
60 positions
Shared
41 positions
In SPYD only
37 positions

Side by side

FDL

First Trust Morningstar Dividend Leaders Index Fund

First Trust · Dividend

68 composite / 100
Expense ratio
0.43%
Net assets
$7.54B
TTM yield
3.66%
Top-10 conc.
48.1%
SPYD

State Street SPDR Portfolio S&P 500 High Dividend ETF

State Street · Dividend

89 composite / 100
Expense ratio
0.070%
Net assets
$7.08B
TTM yield
4.24%
Top-10 conc.
15.0%

Sub-score comparison

57
Cost
93
73
Tax efficiency
72
95
Liquidity
93
46
Concentration
93
—
Tracking quality
—
FDL sub-score SPYD

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

SPYD is 36 bps cheaper than FDL. On a $100,000 position that's about $360/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 SPYD.

Top shared holdings

41 shared in total
# Holding In FDL In SPYD Overlap
1 ALTRIA GROUP INC 4.64% 1.41% 1.41%
2 TARGET CORP 1.41% 1.47% 1.41%
3 ONEOK INC 1.69% 1.37% 1.37%
4 DOMINION ENERGY INC 1.50% 1.34% 1.34%
5 KINDER MORGAN INC 1.54% 1.34% 1.34%
6 US BANCORP 2.27% 1.30% 1.30%
7 VERIZON COMMUNICATIONS INC 7.17% 1.29% 1.29%
8 DUKE ENERGY CORP 2.21% 1.27% 1.27%
9 BRISTOL-MYERS SQUIBB COMPANY 3.43% 1.26% 1.26%
10 KIMBERLY CLARK CORP 1.23% 1.31% 1.23%
11 TRUIST FINANCIAL CORP 1.70% 1.19% 1.19%
12 CHEVRON CORP 7.43% 1.19% 1.19%

Only in FDL

60 total
  • PHILIP MORRIS INTERNATIONAL INC 6.06%
  • SOUTHERN COMPANY (THE) 2.32%
  • BLACKSTONE INC 2.31%
  • MEDTRONIC PLC 2.28%
  • ACCENTURE PLC 1.84%
  • MONDELEZ INTERNATIONAL INC 1.57%
  • NIKE INC 1.17%
  • PAYCHEX INC 0.99%
  • PUBLIC SERVICE ENTERPRISE GROUP INC 0.90%
  • CONSOLIDATED EDISON INC 0.89%

Only in SPYD

37 total
  • Iron Mountain Inc 1.61%
  • CVS Health Corp 1.52%
  • Host Hotels & Resorts Inc 1.52%
  • APA Corp 1.47%
  • Viatris Inc 1.45%
  • Kimco Realty Corp 1.45%
  • Simon Property Group Inc 1.44%
  • Federal Realty Investment Trust 1.44%
  • EOG Resources Inc 1.43%
  • Healthpeak Properties Inc 1.43%

Percentages are holdings overlap with the named fund.

Open FDL or SPYD 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.