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FDL vs FNDX: Differences, Returns & Fees

FDL and FNDX hold 11% of their weight in the same names, and FNDX returned +24.4% over the year. Net assets: $7.7bn on Oct 9, 2026 for First Trust Morningstar ETF, and $25.5bn on May 31, 2026 for Schwab Fundamental U.S. Large Company ETF.

FNDX costs 0.18 points a year less; their one-year returns differ by 3.8 points.

FDL vs FNDX: Differences, Returns & Fees
FDLFNDX
Expense ratio0.43%0.25%
Net assets, FDL as of Oct 9, 2026 and FNDX as of May 31, 2026$7.7bn$25.5bn
Total return, 1 year+20.6%+24.4%
What it tracksMorningstar Dividend Leaders IndexFundamental U.S. Large Company
Holdings in common11%
Top ten holdings, share of the fund50.4%22.4%
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
+24.4%
FNDX total return, 1 year
0.43%
FDL expense ratio
0.25%
FNDX expense ratio

What they hold in common

By the books each fund has filed, FDL and FNDX 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 FNDX
Chevron Corporation 9.08% 1.48%
Verizon Communications Inc. 6.56% 0.99%
Pfizer Inc. 6.55% 0.69%
Comcast Corporation (Class A) 2.45% 0.57%
Bristol-Myers Squibb Company 3.06% 0.53%
PepsiCo, Inc. 4.97% 0.41%
Target Corporation 1.32% 0.40%
United Parcel Service, Inc. (Class B) 3.04% 0.35%
Philip Morris International Inc. 6.77% 0.34%
Altria Group, Inc. 4.95% 0.29%
Accenture plc 3.00% 0.26%
Duke Energy Corporation 2.20% 0.25%
Only in FDL
ONEOK, Inc. 1.70%
Columbia Banking System, Inc. 0.25%
Antero Midstream Corp. 0.18%
Prosperity Bancshares, Inc. 0.16%
Black Hills Corporation 0.15%
H&R Block, Inc. 0.13%
United Bankshares, Inc. 0.13%
Atlantic Union Bankshares Corporation 0.12%
Only in FNDX
Apple Inc 4.63%
Intel Corp 2.57%
Alphabet Inc 2.38%
Microsoft Corp 2.32%
Exxon Mobil Corp 2.29%
Alphabet Inc 1.89%
Amazon.com Inc 1.85%
Micron Technology Inc 1.59%

Check overlap with more funds →

On the same fields

FDL
First Trust Morningstar ETF
FNDX
Schwab Fundamental U.S. Large Company ETF
Where it sits Stock ETF Stock ETF
Issuer First Trust Schwab
What it is Tracks an index Tracks an index of Fundamental U.S. Large Company
Total return, 1 year +20.6% +24.4%
Expense ratio 0.43% 0.25%
Already in the S&P 500 93.3% 90.6%
Holdings 100 733
Net assets, FDL as of Oct 9, 2026 and FNDX as of May 31, 2026 $7.7bn $25.5bn

FDL and FNDX 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 FNDX

FNDX tracks an index of Fundamental U.S. Large Company. Over the year to Oct 9, 2026 it returned +24.4% with distributions reinvested. The prospectus expense ratio is 0.25% a year. By its holdings filed for May 31, 2026, 91% of the fund by weight is stocks the S&P 500 also holds, across 733 positions, with the top ten at 22.4%.

Questions people ask

Which returned more over the last year, FDL or FNDX?
In the year to Oct 9, 2026, with distributions reinvested, FDL returned +20.6% and FNDX +24.4%.
Which is cheaper, FDL or FNDX?
FNDX 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 FNDX overlap with the S&P 500?
By their latest filed holdings, 93% of FDL and 91% of FNDX by weight is stocks the S&P 500 already holds.
Other comparisons
FDL vs IUSVFDL vs VONVFDL vs SPYVFDL vs SCHVFNDX vs FTCSFNDX vs JAVAFNDX vs SPYDFNDX vs SPLV
FDL on its own →FNDX 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 ↗FNDX filings on SEC EDGAR ↗FNDX 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 FNDX, data as of Oct 9, 2026. https://etfiq.com/compare/any/fdl-vs-fndx

Open data

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