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FDL vs FNDB: Differences, Returns & Fees

FDL and FNDB hold 11% of their weight in the same names, and FNDB returned +23.6% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $1.3bn on May 31, 2026 for Schwab Fundamental U.S. Broad Market ETF.

FNDB costs 0.18 points a year less; their one-year returns differ by 3.0 points.

FDL vs FNDB: Differences, Returns & Fees
FDLFNDB
Expense ratio0.43%0.25%
Net assets, FDL as of Oct 9, 2026 and FNDB as of May 31, 2026$7.7bn$1.3bn
Total return, 1 year+20.6%+23.6%
What it tracksMorningstar Dividend Leaders Indexnot read by ETFIQ
Holdings in common11%
Top ten holdings, share of the fund50.4%20.8%
Below its high5.9%, high on Aug 24, 2026

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

+20.6%
FDL total return, 1 year
+23.6%
FNDB total return, 1 year
0.43%
FDL expense ratio
0.25%
FNDB expense ratio

What they hold in common

By the books each fund has filed, FDL and FNDB hold 11% 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 May 31, 2026 and Oct 9, 2026.

half

11% in common

Positions both hold, largest shared weight first
Holding FDL FNDB
Chevron Corporation 9.08% 1.37%
Verizon Communications Inc. 6.56% 0.92%
Pfizer Inc. 6.55% 0.64%
Comcast Corporation (Class A) 2.45% 0.53%
Bristol-Myers Squibb Company 3.06% 0.49%
PepsiCo, Inc. 4.97% 0.38%
Target Corporation 1.32% 0.37%
United Parcel Service, Inc. (Class B) 3.04% 0.33%
Philip Morris International Inc. 6.77% 0.32%
Altria Group, Inc. 4.95% 0.27%
Accenture plc 3.00% 0.24%
Duke Energy Corporation 2.20% 0.23%
Only in FDL
ONEOK, Inc. 1.70%
Lazard, Inc. (Class A) 0.11%
Brown-Forman Corporation (Class A) 0.03%
Only in FNDB
Apple Inc 4.29%
Intel Corp 2.38%
Alphabet Inc 2.20%
Microsoft Corp 2.16%
Exxon Mobil Corp 2.12%
Alphabet Inc 1.75%
Amazon.com Inc 1.72%
Micron Technology Inc 1.48%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
FNDB
Schwab Fundamental U.S. Broad Market ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Schwab
What it is Tracks an index Tracks an index
Total return, 1 year +20.6% +23.6%
Expense ratio 0.43% 0.25%
Already in the S&P 500 93.3% 84.4%
Holdings 100 1637
Net assets, FDL as of Oct 9, 2026 and FNDB as of May 31, 2026 $7.7bn $1.3bn

FDL and FNDB 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 FNDB

FNDB tracks an index. Over the year to Oct 9, 2026 it returned +23.6% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 84% of the fund by weight is stocks the S&P 500 also holds, across 1,637 positions, with the top ten at 20.8%.

Questions people ask

Which returned more over the last year, FDL or FNDB?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and FNDB +23.6%.
Which is cheaper, FDL or FNDB?
FNDB is cheaper, by 0.18 percentage points a year. That is about $18 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do FDL and FNDB overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 84% of FNDB by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs RDIVFDL vs SEIVFDL vs LGLVFDL vs TVALFNDB vs FTCSFNDB vs JAVAFNDB vs SPYDFNDB vs SPLV
FDL on its own →FNDB 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 ↗FNDB filings on SEC EDGAR ↗FNDB prospectus with the expense ratio (SEC) ↗Schwab 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 FNDB, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-fndb

Open data

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