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FDL vs FDVV: Differences, Returns & Fees

FDL and FDVV hold 20% of their weight in the same names, and FDL returned +20.6% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $10.2bn on Sep 30, 2026 for Fidelity High Dividend ETF.

FDVV costs 0.28 points a year less; their one-year returns differ by 6.5 points.

FDL vs FDVV: Differences, Returns & Fees
FDLFDVV
Expense ratio0.43%0.15%
Net assets, FDL as of Oct 9, 2026 and FDVV as of Sep 30, 2026$7.7bn$10.2bn
Total return, 1 year+20.6%+14.1%
What it tracksMorningstar Dividend Leaders IndexFidelity High Dividend Index
Holdings in common20%
Top ten holdings, share of the fund50.4%33.8%
Below its high5.9%, high on Aug 24, 20263.6%, high on Aug 13, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 9, 2026.

+20.6%
FDL total return, 1 year
+14.1%
FDVV total return, 1 year
0.43%
FDL expense ratio
0.15%
FDVV expense ratio

What they hold in common

By the books each fund has filed, FDL and FDVV hold 20% 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

20% in common

Positions both hold, largest shared weight first
Holding FDL FDVV
Philip Morris International Inc. 6.77% 1.80%
Altria Group, Inc. 4.95% 1.52%
U.S. Bancorp 1.96% 1.42%
PepsiCo, Inc. 4.97% 1.37%
Blackstone Inc. 2.18% 1.28%
Truist Financial Corporation 1.52% 1.23%
Prudential Financial, Inc. 1.20% 1.50%
The Southern Company 2.30% 1.13%
Duke Energy Corporation 2.20% 1.10%
Exelon Corporation 1.11% 1.05%
NIKE, Inc. (Class B) 1.17% 0.91%
Edison International 0.85% 1.12%
Only in FDL
Chevron Corporation 9.08%
Medtronic Plc 2.33%
ONEOK, Inc. 1.70%
Mondelez International, Inc. 1.69%
Kinder Morgan, Inc. 1.63%
Dominion Energy, Inc. 1.41%
Target Corporation 1.32%
Kimberly-Clark Corporation 1.06%
Only in FDVV
NVIDIA CORP 6.57%
APPLE INC 6.18%
MICROSOFT CORP 4.88%
BROADCOM INC 3.11%
JPMORGAN CHASE and CO 2.76%
DELL TECHNOLOGIES INC 2.66%
BANK OF AMERICA CORPORATION 1.96%
COCA COLA CO 1.96%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
FDVV
Fidelity High Dividend ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Fidelity
What it is Tracks an index Tracks an index of High Dividend
Total return, 1 year +20.6% +14.1%
Expense ratio 0.43% 0.15%
Already in the S&P 500 93.3% 87.4%
Holdings 100 95
Net assets, FDL as of Oct 9, 2026 and FDVV as of Sep 30, 2026 $7.7bn $10.2bn

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

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.

About FDVV

FDVV tracks an index of High Dividend. Over the year to Oct 9, 2026 it returned +14.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year. By its holdings filed for Jul 31, 2026, 87% of the fund by weight is stocks the S&P 500 also holds, across 95 positions, with the top ten at 33.8%. It sat 3.6% below its high of Aug 13, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, FDL or FDVV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and FDVV +14.1%.
Which is cheaper, FDL or FDVV?
FDVV 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 FDL and FDVV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 87% of FDVV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs RWLFDL vs PRFFDL vs VLUEFDL vs FTCSFDVV vs SCHDFDVV vs VTVFDVV vs FTCSFDVV vs JAVA
FDL on its own →FDVV on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
FDL filings on SEC EDGAR ↗FDL prospectus with the expense ratio (SEC) ↗First Trust page for FDL ↗FDVV filings on SEC EDGAR ↗FDVV prospectus with the expense ratio (SEC) ↗Fidelity website ↗

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

Open data

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