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AVLV vs FDL: Differences, Returns & Fees

AVLV and FDL hold 7% of their weight in the same names, and AVLV returned +29.7% over the year. Net assets on Oct 9, 2026: $21.9bn for Avantis U.S. Large Cap Value ETF and $7.7bn for First Trust Morningstar ETF.

AVLV costs 0.28 points a year less; their one-year returns differ by 9.1 points; AVLV is 2.8 times larger.

AVLV vs FDL: Differences, Returns & Fees
AVLVFDL
Expense ratio0.15%0.43%
Net assets$21.9bn$7.7bn
Total return, 1 year+29.7%+20.6%
What it tracksNo index, actively managedMorningstar Dividend Leaders Index
Holdings in common7%
Top ten holdings, share of the fund27.0%50.4%
Below its high5.9%, high on Aug 24, 2026

Holdings in common uses holdings dated Oct 8, 2026 and Oct 9, 2026.

+29.7%
AVLV total return, 1 year
+20.6%
FDL total return, 1 year
0.15%
AVLV expense ratio
0.43%
FDL expense ratio

What they hold in common

By the books each fund has filed, AVLV and FDL hold 7% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Oct 8, 2026 and Oct 9, 2026.

half

7% in common

Positions both hold, largest shared weight first
Holding AVLV FDL
VERIZON COMMUNICATIONS INC COMMON STOCK USD.1 1.57% 6.56%
TARGET CORP COMMON STOCK USD.0833 1.06% 1.32%
CHEVRON CORP COMMON STOCK USD.75 0.89% 9.08%
UNITED PARCEL SERVICE CL B COMMON STOCK USD.01 0.67% 3.04%
PRUDENTIAL FINANCIAL INC COMMON STOCK USD.01 0.53% 1.20%
COMCAST CORP CLASS A COMMON STOCK USD.01 0.49% 2.45%
BEST BUY CO INC COMMON STOCK USD.1 0.40% 0.49%
ACCENTURE PLC CL A COMMON STOCK USD.0000225 0.38% 3.00%
T ROWE PRICE GROUP INC COMMON STOCK USD.2 0.32% 0.71%
SMURFIT WESTROCK PLC COMMON STOCK 0.23% 0.57%
CHORD ENERGY CORP COMMON STOCK 0.15% 0.18%
LINCOLN NATIONAL CORP COMMON STOCK 0.13% 0.18%
Only in AVLV
MICROSOFT CORP COMMON STOCK USD.00000625 3.44%
META PLATFORMS INC CLASS A COMMON STOCK USD.000006 3.40%
MICRON TECHNOLOGY INC COMMON STOCK USD.1 3.29%
AMAZON.COM INC COMMON STOCK USD.01 2.92%
APPLE INC COMMON STOCK USD.00001 2.78%
JPMORGAN CHASE + CO COMMON STOCK USD1.0 2.58%
EXXONMOBIL HOLDINGS CORP COMMON STOCK 2.45%
COSTCO WHOLESALE CORP COMMON STOCK USD.005 2.36%
Only in FDL
Philip Morris International Inc. 6.77%
Pfizer Inc. 6.55%
PepsiCo, Inc. 4.97%
Altria Group, Inc. 4.95%
Bristol-Myers Squibb Company 3.06%
Medtronic Plc 2.33%
The Southern Company 2.30%
Duke Energy Corporation 2.20%

Check overlap with more funds →

On the same fields

AVLV
Avantis U.S. Large Cap Value ETF
FDL
First Trust Morningstar ETF
Where it sits Stock ETF Stock ETF
Issuer Avantis First Trust
What it is Actively managed Tracks an index
Total return, 1 year +29.7% +20.6%
Expense ratio 0.15% 0.43%
Already in the S&P 500 84.3% 93.3%
Holdings 308 100
Net assets $21.9bn $7.7bn

AVLV and FDL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

About AVLV

AVLV is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +29.7% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 8, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 308 positions, with the top ten at 27.0%.

About FDL

FDL tracks an index. Over the year to Oct 9, 2026 it returned +20.6% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 9, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.4%. It sat 5.9% below its high of Aug 24, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, AVLV or FDL?
In the year to Oct 9, 2026, with distributions reinvested, AVLV returned +29.7% and FDL +20.6%.
Which is cheaper, AVLV or FDL?
AVLV is cheaper, by 0.28 percentage points a year. That is about $28 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do AVLV and FDL overlap with the S&P 500?
By their latest filed holdings, 84% of AVLV and 93% of FDL by weight is stocks the S&P 500 already holds.
Other comparisons
AVLV vs IWDAVLV vs SCHDAVLV vs VTVAVLV vs FTCSFDL vs VONVFDL vs FNDXFDL vs IUSVFDL vs SCHV
AVLV on its own →FDL on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
AVLV filings on SEC EDGAR ↗AVLV prospectus with the expense ratio (SEC) ↗Avantis website ↗FDL filings on SEC EDGAR ↗FDL prospectus with the expense ratio (SEC) ↗First Trust page for FDL ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, AVLV against FDL, data as of Oct 9, 2026. https://etfiq.com/compare/any/avlv-vs-fdl

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.