DUSA vs FDL: Differences, Returns & Fees
DUSA and FDL hold 2% of their weight in the same names, and FDL returned +20.6% over the year. Net assets: $1.3bn on Jul 31, 2026 for Davis Select U.S. Equity ETF, and $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF.
FDL costs 0.16 points a year less; their one-year returns differ by 3.0 points.
| DUSA | FDL | |
|---|---|---|
| Expense ratio | 0.59% | 0.43% |
| Net assets, DUSA as of Jul 31, 2026 and FDL as of Oct 9, 2026 | $1.3bn | $7.7bn |
| Total return, 1 year | +17.6% | +20.6% |
| What it tracks | No index, actively managed | Morningstar Dividend Leaders Index |
| Holdings in common | 2% | |
| Top ten holdings, share of the fund | 54.4% | 50.4% |
| Below its high | 4.5%, high on Aug 4, 2026 | 5.9%, high on Aug 24, 2026 |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.
What they hold in common
By the books each fund has filed, DUSA and FDL hold 2% 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 Jul 31, 2026 and Oct 9, 2026.
half
2% in common
On the same fields
DUSA and FDL on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
About DUSA
DUSA is actively managed and tracks no index. The prospectus expense ratio is 0.59% a year. By its holdings filed for Jul 31, 2026, 79% of the fund by weight is stocks the S&P 500 also holds, across 26 positions, with the top ten at 54.4%. It sat 4.5% below its high of Aug 4, 2026 on Oct 9, 2026.
Over the year to Oct 9, 2026 it returned +17.6% with distributions reinvested, against +26.4% for its benchmark, the Russell 1000 Value Index.
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, DUSA or FDL?
- In the year to Oct 9, 2026, with distributions reinvested, DUSA returned +17.6% and FDL +20.6%.
- Which is cheaper, DUSA or FDL?
- FDL is cheaper, by 0.16 percentage points a year. That is about $16 on $10,000 held for a year. Fees come from each fund's prospectus.
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.
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ETFIQ, DUSA against FDL, data as of Oct 9, 2026. https://etfiq.com/compare/any/dusa-vs-fdl
ETFIQ. (Oct 9, 2026). DUSA against FDL. Retrieved from https://etfiq.com/compare/any/dusa-vs-fdl
[DUSA against FDL (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/dusa-vs-fdl)
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