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FDL vs FELV: Differences, Returns & Fees

FDL and FELV hold 9% of their weight in the same names, and FELV returned +28.5% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $3.4bn on Sep 30, 2026 for Fidelity Enhanced Large Cap Value ETF.

FELV costs 0.25 points a year less; their one-year returns differ by 7.9 points; FDL is 2.3 times larger.

FDL vs FELV: Differences, Returns & Fees
FDLFELV
Expense ratio0.43%0.18%
Net assets, as of Jun 30, 2026$7.3bn$3.2bn
Total return, 1 year+20.6%+28.5%
What it tracksMorningstar Dividend Leaders IndexNo index, actively managed
Holdings in common9%
Top ten holdings, share of the fund50.4%26.2%
Below its high5.9%, high on Aug 24, 2026

Holdings in common uses holdings dated Jun 30, 2026 and Oct 9, 2026.

+20.6%
FDL total return, 1 year
+28.5%
FELV total return, 1 year
0.43%
FDL expense ratio
0.18%
FELV expense ratio

What they hold in common

By the books each fund has filed, FDL and FELV hold 9% 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 Jun 30, 2026 and Oct 9, 2026.

half

9% in common

Positions both hold, largest shared weight first
Holding FDL FELV
Chevron Corporation 9.08% 0.98%
Philip Morris International Inc. 6.77% 0.86%
Bristol-Myers Squibb Company 3.06% 0.77%
Pfizer Inc. 6.55% 0.74%
U.S. Bancorp 1.96% 0.64%
PepsiCo, Inc. 4.97% 0.62%
Comcast Corporation (Class A) 2.45% 0.51%
Verizon Communications Inc. 6.56% 0.49%
Kinder Morgan, Inc. 1.63% 0.43%
The Southern Company 2.30% 0.38%
Medtronic Plc 2.33% 0.37%
Exelon Corporation 1.11% 0.34%
Only in FDL
Accenture plc 3.00%
Blackstone Inc. 2.18%
ONEOK, Inc. 1.70%
Mondelez International, Inc. 1.69%
Truist Financial Corporation 1.52%
Prudential Financial, Inc. 1.20%
Kimberly-Clark Corporation 1.06%
Public Service Enterprise Group Incorporated 0.88%
Only in FELV
AMAZON.COM INC 5.15%
APPLE INC 4.66%
MICROSOFT CORP 3.39%
BERKSHIRE HATHAWAY INC DEL 3.08%
JPMORGAN CHASE and CO 2.62%
EXXON MOBIL CORP 1.80%
INTEL CORP 1.77%
JOHNSON and JOHNSON 1.30%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
FELV
Fidelity Enhanced Large Cap Value ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Fidelity
What it is Tracks an index Actively managed
Total return, 1 year +20.6% +28.5%
Expense ratio 0.43% 0.18%
Already in the S&P 500 93.3% 87.5%
Holdings 100 351
Net assets, FDL as of Oct 9, 2026 and FELV as of Sep 30, 2026 $7.7bn $3.4bn

FDL and FELV 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 FELV

FELV is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +28.5% with distributions reinvested. The prospectus expense ratio is 0.18% a year. By its holdings filed for Jun 30, 2026, 88% of the fund by weight is stocks the S&P 500 also holds, across 351 positions, with the top ten at 26.2%.

Questions people ask

Which returned more over the last year, FDL or FELV?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and FELV +28.5%.
Which is cheaper, FDL or FELV?
FELV is cheaper, by 0.25 percentage points a year. That is about $25 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and FELV overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 88% of FELV by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs NULVFDL vs SCHDFDL vs VTVFDL vs IWXFELV vs FTCSFELV vs JAVAFELV vs SPYDFELV vs SPLV
FDL on its own →FELV 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 ↗FELV filings on SEC EDGAR ↗FELV 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 FELV, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-felv

Open data

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