Data as of Oct 28, 2026.
DVY vs FDL: Differences, Returns & Fees
Over the year to Oct 28, 2026, DVY returned +17.1% to FDL's +26.0%; 36% of their weight is in the same names.
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Net assets on Oct 27, 2026: $23.4bn for iShares Select Dividend ETF and $8.2bn for First Trust Morningstar ETF.
Pair scorecard
DVY costs 0.05 points a year less; their one-year returns differ by 8.9 points; DVY is 2.9 times larger.
| Measure | DVY | FDL |
|---|---|---|
| Return | ||
| Total return, 1 year | +17.1% | +26.0% |
| Benchmark | ||
| What it tracks | Dow Jones U.S. Select Dividend Index | Morningstar Dividend Leaders Index |
| Cost and size | ||
| Expense ratio | 0.38% | 0.43% |
| Net assets, as of Oct 27, 2026 | $23.4bn | $8.2bn |
| Holdings | ||
| Holdings in common | 36% | |
| Top ten holdings, share of the fund | 19.7% | 50.6% |
Holdings in common uses holdings dated Oct 27, 2026. Method
Risk and return
Mar 24, 2006 to Oct 23, 2026 · 1,074 weekly returnsFDL returned more: +488.5% to +433.1%. DVY and FDL swung about the same: 18.6% and 18.5%. DVY fell slightly less at its worst: −62.0% to −65.7%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | DVY | FDL | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +433.1% | +488.5% | FDL | Price change plus distributions, reinvested. |
| Annualized | +8.4% | +9.0% | FDL (slight) | Total return as a yearly rate. |
| Price return | +154.2% | +157.9% | FDL (slight) | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 18.6% | 18.5% | Tie | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.3% | 13.0% | FDL (slight) | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −62.0% | −65.7% | DVY (slight) | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.44 | 0.46 | FDL (slight) | Return above Treasury bills per unit of volatility. |
| Sortino | 0.61 | 0.66 | FDL (slight) | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.14 | 0.14 | Tie | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 1,074 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, DVY and FDL hold 36% of their money in the same securities at the same weight. Holdings dated Oct 27, 2026.
half
36% in common
Only in one fund ↓
Side by side
DVY and FDL on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
DVY and FDL are built for the same job. How do they differ in cost, holdings and results?
- What each follows. DVY follows Dow Jones U.S. Select Dividend Index and FDL follows Morningstar Dividend Leaders Index.
- Holdings in common. 36% of the weight is in the same securities (holdings dated Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 DVY returned +17.1% and FDL +26.0% with distributions reinvested, a gap of 8.9 points.
Data as of Oct 28, 2026.
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DVY
DVY tracks an index of US dividend. Over the year to Oct 28, 2026 it returned +17.1% with distributions reinvested. The prospectus expense ratio is 0.38% a year. By its holdings published by its issuer for Oct 27, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 101 positions, with the top ten at 19.7%.
FDL
FDL tracks an index. Over the year to Oct 28, 2026 it returned +26.0% with distributions reinvested. The prospectus expense ratio is 0.43% a year. By its holdings published by its issuer for Oct 27, 2026, 93% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 50.6%.
Questions people ask
- Which returned more over the last year, DVY or FDL?
- In the year to Oct 28, 2026, with distributions reinvested, DVY returned +17.1% and FDL +26.0%.
- Which is cheaper, DVY or FDL?
- DVY is cheaper, by 0.05 percentage points a year. That is about $5 on $10,000 held for a year. Fees come from each fund's prospectus.
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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, DVY against FDL, data as of Oct 28, 2026. https://etfiq.com/compare/any/dvy-vs-fdl
ETFIQ. (Oct 28, 2026). DVY against FDL. Retrieved from https://etfiq.com/compare/any/dvy-vs-fdl
[DVY against FDL (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/dvy-vs-fdl)
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